Anyone else noticing the plummeting C5 prices?
01-19-2007, 11:07 PM
#81
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Could not agree more. Automobiles are depreciating liabilities unless you are fortunate enough to purchase several exclusive, limited production cars, such as the Ford GT (wait and see),McClaren, several Ferrari's and so forth. Older Corvettes carry a hefty price tag due to desirability and limited availability.
Drive the car beacuse you enjoy it. Do not look at a car as an investment- buy stocks or mutuals.
Drive the car beacuse you enjoy it. Do not look at a car as an investment- buy stocks or mutuals.
01-20-2007, 01:38 AM
#82
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whoah not so fast there, little mister.
i don't think your mommy and daddy will let you insert more $$ into cars while living at home, like you have.
you'll have to move out first. didn't you already tell us that if you were to hunt for another corvette that you'd be kicked out of the house? i'm positive you did, certainly.
time to grow up son!
i don't think your mommy and daddy will let you insert more $$ into cars while living at home, like you have.
you'll have to move out first. didn't you already tell us that if you were to hunt for another corvette that you'd be kicked out of the house? i'm positive you did, certainly.
time to grow up son!
Last edited by kopbet89c4; 01-20-2007 at 01:41 AM.
01-20-2007, 06:06 AM
#84
Drifting
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01-20-2007, 09:12 AM
#85
Former Vendor
I bought this car with the plans to own for a long time, drive alot in the summer and enjoy. To me my C5 is priceless and every time I add some kind of mod to it, its worth more than the day before
01-20-2007, 09:30 AM
#86
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St. Jude Donor '11-'12-'13, '15, '16-'17-'18-'19
they haven't dropped at the dealers . Just on ebay and individual sales .
I have also noticed that C6 ( 05 -06) are dropping just as fast .
you can ebay a almost new 05 for around 32k , and loaded with goodies . but go to a dealer and you can spend 40k for the same car
I have also noticed that C6 ( 05 -06) are dropping just as fast .
you can ebay a almost new 05 for around 32k , and loaded with goodies . but go to a dealer and you can spend 40k for the same car
01-20-2007, 09:55 AM
#87
Team Owner
They are just used cars, there is no reason for them not to fall in value. I'm seeing new 2007 Corvettes advertised for $39,995, in the newspaper every week. Who wants to pay a preminum for an old car, when you can buy the the latest and greatest for a little more.
01-20-2007, 09:56 AM
#88
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You Only live once drive them all you can.
Bought my 04 new for around $38K use it as a DD now has around 75K miles hope it makes it to 200K miles than I’ll dump it and get another…I’ll never see the C5 gen Vettes be a good investment. If they get really cheep I’ll get a Z06 to play with.
Bought my 04 new for around $38K use it as a DD now has around 75K miles hope it makes it to 200K miles than I’ll dump it and get another…I’ll never see the C5 gen Vettes be a good investment. If they get really cheep I’ll get a Z06 to play with.
01-20-2007, 10:38 AM
#89
Team Owner
01-20-2007, 11:14 AM
#91
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St. Jude Donor '07-'08-'09-'10-'11-'12-'13
I was going to respond, but this thread is probably amoung the most lame ever posted
01-20-2007, 11:23 AM
#92
Le Mans Master
You don't buy a new Corvette to make money with it, you buy it to enjoy. Maybe in 20-30 years a clean low mileage one will be worth more than was paid new, but who's going to sit around and wait.I just saw on ebay where a 2006 Z06 with 25K miles here, in DFW, sold for $58,100.
01-20-2007, 11:43 AM
#93
Burning Brakes
Yea and I would much rather purchase another C5 than the C6. A little mony for the performance factor and you have a car that will wipe up the highway witha C6
New is not always better
The Big Dog
New is not always better
The Big Dog
01-20-2007, 12:39 PM
#94
Burning Brakes
Hang in there guys. Has anyone watched the Jackson Barrett auction on speed? 30 to 40 year old vettes fetching $150K plus.
Hang in there by 2035 or 2040 you will get your money out of them.
Dave K
Hang in there by 2035 or 2040 you will get your money out of them.
Dave K
01-20-2007, 01:58 PM
#96
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01-20-2007, 03:54 PM
#99
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01-20-2007, 04:11 PM
#100
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Honestly......
If you bought your Corvette as an investment, PLEASE SELL IT NOW!!
And let someone who really appreciates and WANTS TO DRIVE THE CAR
have a chance!!!
I have owned 3 Vettes C3 (1975), C4 (1996) and C5 (1998) and never ever worried about "appreciation or depreciation"
I sold the C4 for under 10 grand (it was definately used!!!)
My C5 is the daily driver (YES, even in the winter) and the '75 is just for the weekends to ENJOY as a CAR, not an investment that I dust once a month and hope some Yahooo will buy so I can make a killing!!
Shame on those who do not enjoy the Corvette for what it was made for TO DRIVE and ENJOY.
Some one on this forum has the signature DRIVE IT LIKE YOU STOLE IT!!! How True!!!
Just my 2Cents.
G.
And let someone who really appreciates and WANTS TO DRIVE THE CAR
have a chance!!!
I have owned 3 Vettes C3 (1975), C4 (1996) and C5 (1998) and never ever worried about "appreciation or depreciation"
I sold the C4 for under 10 grand (it was definately used!!!)
My C5 is the daily driver (YES, even in the winter) and the '75 is just for the weekends to ENJOY as a CAR, not an investment that I dust once a month and hope some Yahooo will buy so I can make a killing!!
Shame on those who do not enjoy the Corvette for what it was made for TO DRIVE and ENJOY.
Some one on this forum has the signature DRIVE IT LIKE YOU STOLE IT!!! How True!!!
Just my 2Cents.
G.