Desmoden

Am I correct to expect a fairly large price impact on the resale value of 05/06/07 400hp vettes with the new LS3 engine coming out?

Not that one should worry too much about such things, flying around in such a great car. But I'm curious.

shopdog

In 30 years, the cars with the short lived LS2 engine will command a premium at Barrett Jackson. Right now they're just used cars, and are depreciating like a used car. If anything, the likely higher asking price for a 2008 should cause more buyers to consider a used car rather than buying new, so used prices should hold up better than in times when the new car was the more obviously better buy.

jschindler

I am always amused at people who think a new car coming out is going to make a used one "drop like a rock". Bascially, most people don't understand what drives used car prices.

While there are a number of variables, on a car like a Corvette that has a finite number available they can build every year (and they do), and there are very limited competitors to the Corvette - what drives the used price is largely how much it costs to buy a new one. By this, I'm referring to recent year cars.

If a new one goes for $50,000, then there will always be a market for people who only want to pay $45,000, or $40,000 and so on. Used prices are a factor of what new ones are going for, not how much they have changed. Not everyone can afford (or wants to pay) the new car price, and they are not as **** as some of us (like me ) who just has to have the latest stuff.

OregonC6

I think the 6060 manual trans might have a greater impact

Low12s

I'm happy with mine

MikeyTX

Why do so many start to stress just because there is a mid gen change ?

MikeyTX

What I want to know is, will it bolt up to my '07 ? I know this person of questional reputation that is looking for a night time project ..................

LMB 4 ME

I hope this thread doesnt turn into another 16+ page thread like "ENVY" from yesterday but heres my opinion.

GM is always improving (lucky for us) the Corvette. Most cars only get improvements to fix flaws. GM actually listens to their customers with the vette, tweeking it every year. I remember when I bought my 94 Corvette Coupe used in 1998. Then a few months later I learned the 96 had 30 more HP making it 330. I was PISSED I didnt spend a little more for it as im not an engine modder (just cosmetic mods for me) If GM kept the C4 a few more years it would be bumped to 345 or 350 like the C5. Be happy its evolving and unless you buy a new one every couple years you will always lose the (stock) HP race. In 09 or 10 the HP may be 450, does that make the 08 no good? Of course not! If you want the increase in HP and TQ mod it and save yourself a lot of money at the same time over trading in for the newest year.
Cheers to everyone here! You guys/gals are the best!

TommyV

I agree, 30 HP (it might be as little as 18) can be made up easily with bolt on's. With the LS3's better intake and exhaust, it might prove harder to add HP.

longboy4

...........The arguement works better from the other end with more emotion and less rational decisions being made..............like those buyers of green/ hybrids cars at 20% over list to save $300 a year in gasoline or "first on the block" ( Z06/ Solstice). They're right.......the latest sensation is not gonna affect the used car market.

MikeyTX

Larry B.

If the LS2's had only had say 250 hp and the cars was a slug, your assessment might have been true but since that is not the case I disagree. HP increases combined with a high rear axle ratio may not even be noticeable except at top end on the autobahn....
Consider this. Onstar is standard even if you don't like it or want it, you still pay for it. Big brother now has the ability to listen to you in the car and even monitor you driving habits. Not everyone likes that feeling. Maybe that will make non onstar equipped C6's very valuable.

corvette-pilot

Other than the C5, Corvettes seemed to always give you a little more each year in HP or gadgets. How else will they keep you interested and buying. I think the C5s must have made people forget?? Other than the Z06 it stayed at 350HP the entire run. Look at the C4, started out at 200 or so HP and went upto 330 buy the end (excluding ZR1). I too bought a used LT1 before I even knew about the LT4 so I left 30HP on the table. Oh well, I'm still having fun, it's a Corvette

not08crmanymore

If you keep the car long enough,depreciation will bottom out and you'll get as much as 50% or more of your original purchase price back at resale,private resale,not trade in.

SteveTurner

rakuhn

Each year there will be something that is newer and greater than what we have just purchased.

Just enjoy what you presently have although, as we all know, it is a depreciating assest.

redzone

Actually, 97-2000 were 345.....01-04 were 350.

MikeyTX

You have echo'd my exact feelings. It is for this reason that I have never been excited over having Onsnitch on a car. The saving grace is that one can simply pull the fuse and or disconnect the transmitting antenna cable (read cut !).

MikeyTX

I do not consider having Onsnitch nor XM shoved down my throat an asset. Thankfully both can be disabled.

Doughan

You only take a loss on your current Vette if you sell it. I plan on keeping my 07 for 10 years or more, so I'm not worried about resale.