vik2606

I was at the dealership and checking out the new C7, don't like the tail lights but love the new interior and front.

Anyways went back home, looked up the trade in value and private party value and the car lost only about $500 since I bought it last year and put on about 10k in miles

v26278

I think Vettes do okay on re-sale. My local dealer called me up about a C7 that landed at the dealer and when I went to check it out they offered me $30k for my 3LT '07 vert with 28K miles, which I paid $44K for 3 years ago with 6K miles. I'm happy with that. But I'm not ready to trade it yet, though if they get a triple black manual z51 vert I might be swayed pretty easily.

vik2606

I guess depends how much you bought it for to begin with. I paid $28k for mine last year with 26k miles, bought it from the original owner. Either way, the resale value is better than any other car I owned before lol

Stickshiftsteve

Late in 2013, I was looking at 3 years depreciation of $6500/year on my 2011.
Which was in line with what I expected to loose - when trading to the C7.
But at 6'-5", found I can't comfortably drive the C7 stick.
So - will keep the '11 for another year - until I decide what to do.

Tonylmiller

I have owned my C6 for 15 months, and I figure if I sold it I would lose 2 or 3 thousand at the most. That is like $200 a month to drive a C6 convertible. You can't beat it.

phileaglesfan

It is definitely better than other brands out there. Buying new is usually not good for depreciation unless you keep it for awhile. I bought an 07 Impala SS new for $26k and drove it for 6 years. I sold it for $11k. Vettes usually hold their value once the initial hit goes away. Even a nice C5 is still in the $20k range. I definitely wouldn't buy a GM/Chrysler Corp car new without some serious discounts though.

Stavesacre21

It all depends what you are comparing it to.

Compared to any general purposed vehicle, a Corvette most definitely will hold its value better. However, if you start comparing it to classics and exotics, you won't find it to do quite as well.

In general, I do agree...they are a fair investment IF you got a great deal initially.

important

Corvettes consistently have one of the the highest resale values of any car (top 5).

timd38

They are depreciating liabilities until they get to be really old.

ben dover

^This^

dvilin

Better than most.

phileaglesfan

Also it isn't fair to compare say a 2009 ZR1 when it first came out for depreciation. A ZR1 owner will lose a bunch of money anyway even if it is the same percentage as a base Vette, but paying $10-50k over sticker would screw up the depreciation. Early C6 owners found that out also and same with early C7 owners.

retaf

That sounds pretty darn good but they will get it out of you on the other end for sure....

RJRSW

I have owned around 25 vettes and they tend to go for about half of the original sticker at around 4-5 years old but after that the depreciation becomes pretty minimal. It definitely is a lot less than a Mercedes SL or Jaguar that sold for far more originally.

A nice loaded vette convert in very clean condition and lower miles cost very little to own after the 5th year.

hawkgfr

Exactly, it sounds better though if you say, about the same as a Honda Accord but gets better mileage.

Mr.Nubain

I did pay a little more than what I wanted with my 05, but when I look at it in terms of depreciation, it has took it's biggest hits so now it's only a little here and there. C5's and C6's have a pretty decent resale because of there looks and available options for power.

Freedmilk

I agree. Also don't forget inflation.