Jimcol711

So the cat is out of the bag and it seems overall, the feedback thus far is pretty positive on the new C7. That being said, as with any new generation, the previous generation takes a big hit in the $$$ department shortly thereafter.

So how long until we see good condition well optioned low-average mile C6's for below 20k?

TLS_Addict

Never.

SRQStingray

Dream on. I doubt nicely equipped , low mile C6s will dip below $20K.

studiovette

under 20?? I don't see that happening any time soon. esp the low mile clean Vettes. I think more like low to mid 20's sounds about right on 05-06 models.

True Vette enthusiasts are usually the ones that scoop those cars up and are usually willing topay a little more for a clean low mile queen

CTHEUSA08

90% will still love C6's and earlier models. 10% will jump to the new model.
The "old" models will survive and hold good value....., I believe.
Hope I am right (C6 owner) Cheers! ;-)

BearZ06

Never-Enough

Why not? It won't happen this year I bet, but to say never is just dumb. I just sold my 29k mile loaded 2006 for $25,500.

They are just cars. Not rare & not an exotic.

Tonylmiller

I can only speak for myself, but it will be a long time before mine gets down to $20k.

StanNH

$20K? Why that much? I'm sure the C6 will be totally worthless soon. I wouldn't be surprised to see them given away as door prizes in the near future.

If I hadn't just sold my 2009, I was planning on using it as a planter.

jimmie jam

Just look at the current C5 prices......enough said especially if the 7 lists near 80k.

pewter99

why would anyone take that kinda hit for newer less powerful car?

if anything I would suspect they would hold onto their C6 and buy a C7

EVL JAKE

It's coming. They are mid 20's now, high teens by decades end. I see under 20K in 4 years time but I don't think they will be low mileage cars.

Jimcol711

Why not? It happens to every generation? Low mile, very well kept C4s can be had for 10k these days. For C5 its 13k-16k for nice low milers, non Z06 of course.

Its going to happen. Its just a matter of when. The depreciation curve seems to hit rock bottom for clean Corvettes somewhere in the 8k-10k range. Mid C7 cycle, im sure C5s will be there. C4s are skidding across the bottom of that curve now while even the low HP and unfavored late C3s are on their way up (or at least stabilized at a higher price point than C4's regardless of the fact that the C4 is a much more refined vehicle.

Theres no reason to think the C6 wont follow the same curves as every generation before it.

TLS_Addict

Your car is an early one (loaded or not). Dont lump a 6 or 7 year newer C6 in with yours. You bought your car for dang close to 30k if not more than, dumped money into it and sold the car at a loss. That IS dumb. You shouldnt give anyone financial advice or advice on pricing of cars.

You will NOT find a C6 with low miles under 20k for a very long time and even then.....good luck, because 20k today wont be 20k in 30 years. Time/value/money. 20k in say 15 years will be about 15k by todays standards (estimation). If a 10 year old C5 is still 20+k why in the hell would a c6 magically drop to under 20k?

The C6 will go under 20k but not low miles ones. A good C5 is still 20k and thats why I couldnt justify buying one. Not many under 30k mile C5's for under 20k. Only early C6's will be that price in the next 5 years. Do not lump all C6's together because one year of C6's being that price doesnt mean that the C6 is that price, just that year. You are making a generalized statement and using a 2nd year C6 and your esperience as your basis.

I just went out to ebay, Cars and CL and looked at 2003 Corvettes. Under 30k mile Z06's are 25k+. A coupe with the same miles is still over 20k and a vert is in the middle. Those are 10 years old and still
not under $20,000. So why is the C6 going to be different? Just because you lost a good chunk of change in a short period of time?

StanNH

The question was not whether the C6 would eventually, given enough time, dip below $20,000. It was about the C7 introduction forcing a premature devaluation of the C6.

Sure, the C6, like any other car, will continue to depreciate with age. Will the C7, when it's actually available which it's not now, cause C6 prices to plummet? Not likely, since it will still be a Corvette, a good looking and desirable Corvette, and one that will always be very affordable compared to a new C7.

TLS_Addict

Where are these cheap C4's? Only very early ones with low miles are under 10k and I havent found any with under 30k miles for that.

Same with C5's. I just went out and checked, very few if any under 30k miles C5's are going for less than $20,000. The only ones I see for 13-16k have 70k+ miles. That may be low for the year but its not low in terms of actual miles. Its like saying one kid is the smartest kid on the short bus. In the end he is still .

All cars depreciate, that is a fact. But to think they are going to fall off the face of the earth quickly is just not true.

hawkgfr

this...end of thread.

Never-Enough

I never said a 2006 has the same value as a 2013.

No, I did not pay close to $30k for it. I needed to move it. I lost some money due to the mods I did, but did not lose my ***. I got some of the mod $ back from stock parts sold too. This is the 1st time in a long time I did not make money on a car I sold, so keep your assumptions to yourself. I didn't attack anyone so why are you attacking me?

Maybe a lower mile C5Z, but anyone looking for $20k for a base C5 is out of their mind.

Maybe you think I started this thread?

lemansblue65

After last night the c6 just went up in price,if you find one under 20k it will be a rag!!

KneeDragr

80k? Where are you getting that number?