Ucraz-E

or are they really a good vehicle?

RogerC6

Terrible cars, you should stick to xray machines

kmthor00

yes, they hold their value & low mileage helps even more!

nitromt

No they don't. Have you seen the selling price of new 2008 recently? If a car is selling below invoice, what does that tell you about demand for both new and used?

saplumr

With the current economy, the only cars selling are tiny gas sippers. There has always been a better discount on high dollar GM vehicles. You can't get much off of a 20K car. But realistically, the Vette doesn't hold it's value much more than anything else, but mileage does makes a major difference.

MOUNTINBEAR

LOL..no, Corvettes do not realy hold their value...the depreciation in the first 2 years is about 20% per year average....a little less in the 3rd year...some volume dealers sell them for close to invoice which means right away the moment you drive off the lot the vehicle has lost about 20% off of msrp...now its 3 years later and you want to trade that vette in you are expecting it to be worth close to what you paid for it since it only has 4500 miles on it...well let me tell you those little miles cost you big time....the next guy who buys it will drive it and never thank you for taking such good car of it for them while you owned it and took the hit for the depreciation...figure if you pay $50k for your Vette in 3 years it will be worth $28K or so wether it has 4500 miles on it or 12000...if this is anyones idea of holding value...umm, okaaay...it certaintly isnt an example of holding value to me...but i guess everyone has their own idea of what holding value realy means to them

marcus769

Must take care of anything you buy.. It only makes sense! The better shape its in and care while driving are big factors in any car's value..

va2ac

danl72

Racer

Vettes don't hold their value, if anybody tells you they do, they are living under a tree.

ten64

Lower miles on a vette makes it more appealing when selling not more valuable.

Ucraz-E

still looking

Tom/99

Yes!

Sammgb

If you look at the value of used Vettes, typically, what I've seen, is that the higher mileage cars are about $2-3K less than a similarly equipped low mileage version. In just a quick 5 minute search of the i-net I found a 2006, victory red 3LT with 6,651 for $46,975. I then found a 2006 LeMans blue 3LT with 36,425 miles for $43,950. Pressing on, I found a 2006 2LT with 5,419 miles for $39,981 and then a 2006 2LT with 10,299 miles for $38,990. Both/either of these could have been 1LT's - no nav, no HUD, no memory seats, but I thought that the prices were a bit crazy for used 1LT's so I'm assuming at least 2LT's.

Lower mileage will bring you a couple of extra dollars at resale, but the depreciation hit and the loss of the pleasure of owning it aren’t – IMHO – worth it. I LOVE driving my Vette and I’ll gladly take a $3,000 hit on the resale side for the pleasure of having put on an additional 10K miles over the guy who’s getting the extra cash.

To answer your question, yes lower mileage equals higher resale. But I think as I've tried to show, it ain't that much.

jschindler

I realize I should probably quit opening these threads because they drive me crazy. But I can't help myself.

To all the people who continue to claim that Corvettes don't hold their value, would you PLEASE do a little homework and quantify why you think that?

Corvettes have great resale value. The issue is....what does that mean? It means, in the great scheme of things, Corvettes are better than most cars in resale value. The FACTS back this up time-after-time.

If you think you should be able to drive a Corvette for free, or only loose a couple thousand a year, then yes, it has poor resale value. But if you understand resale value as it pertains to the automotive industry as a whole, it's damn hard to find another mass produced car with better resale value than a Corvette. That is not just my opinion, it's a fact and can be backed up with data if you take the time to study it.

cthusker

I disagree with that statement. If I'm buying a used vette that has 40,000 miles versus one with 4000 miles I'm willing to pay more. The low mile vette is usually going to be in better condition and might have warranty left. How much more someone is willing to pay is the question. As example if I'm looking at a used Z's with low mile versus high mileage I would pay considerably more for the low mileage Z. Several grand in most cases and possible more........

It's why there can be a considerable add or subtract amount based on mileage when pricing out used cars....... Lower miles IMO most definitely add to the resale value of used late model vettes in general.........

StanNH

The three year residual value of a C6 with low mileage is about 65%, which is much better than the industry average. Period.

paz

Do you mean hold their value over 3 to 5 years or 10 to 15 years?
Take a look at 15 year old C4 prices. There is a $10,000 variance. That is based primarily on mileage and condition. No matter what the book says the price should be, you will get much less for a high mileage beater, and much more for a shiny low mileage C4.
Fast forward 10 years with your C6...
Over the past 3 years my 92 C4 has dropped very little (10-15%), while my wife's Audi A4 2.8 Quattro has been chopped in half (50%).

07CSicks

The best way for your vette to hold value is for you to hold onto your vette!

Getting rid of your car, irrespective of make, within the first couple years of ownership will leave your a$$ red from the beating you took. Especially for those financing above 0% which is 99% of us who didn't take the cash route.

vetdude

HUH? Low mileage helps but depreciation of late model Corvettes is terrible, especially in this economy.