[Z06] Shocked at Z06 resale values
#1
Shocked at Z06 resale values
Last spring/summer I researched and shopped for '08+ Z06's, this went on for months. My search was for 2008 or newer Z06's with 2LZ or 3LZ and under 30k miles: range was $50k-$54k.
Fast forward to today, I'm looking for the same car and I am having a helluva time finding that same car for under $50k. Sure, there are maybe a dozen or so nationwide, but it's a rare find!
So you Z06 guys should be very happy that those prices are so strong. I figure we have another 2 good years before the C7 comes out and the prices start to fall faster.
Fast forward to today, I'm looking for the same car and I am having a helluva time finding that same car for under $50k. Sure, there are maybe a dozen or so nationwide, but it's a rare find!
So you Z06 guys should be very happy that those prices are so strong. I figure we have another 2 good years before the C7 comes out and the prices start to fall faster.
#2
Race Director
Last spring/summer I researched and shopped for '08+ Z06's, this went on for months. My search was for 2008 or newer Z06's with 2LZ or 3LZ and under 30k miles: range was $50k-$54k.
Fast forward to today, I'm looking for the same car and I am having a helluva time finding that same car for under $50k. Sure, there are maybe a dozen or so nationwide, but it's a rare find!
So you Z06 guys should be very happy that those prices are so strong. I figure we have another 2 good years before the C7 comes out and the prices start to fall faster.
Fast forward to today, I'm looking for the same car and I am having a helluva time finding that same car for under $50k. Sure, there are maybe a dozen or so nationwide, but it's a rare find!
So you Z06 guys should be very happy that those prices are so strong. I figure we have another 2 good years before the C7 comes out and the prices start to fall faster.
#3
Scott
#6
Le Mans Master
Have you seen how much 2012s list for??? That is what keeps the value on the older models up..... A 2LZ loaded is knocking on $90k... if you add the Z07 or carbon... forget it....
Plus the used Z06 market is stronger than the new one!! Not many Z06s have been built since '09....
Plus the used Z06 market is stronger than the new one!! Not many Z06s have been built since '09....
#7
Drifting
#8
Race Director
The values of my/our 08Zs dropped so much the first 2 years, a slowdown in depreciation is hardly a victory. But as the above poster noted, who cares, we are smiling evey second we drive our Zs. The experience is priceless.
#9
Burning Brakes
As the USD falls, all those foreign made parts start to get more expensive. e.g. I think the brakes are made by PBR Australia, and I am sure China supplies one or two pieces... This leads to the newer models costing more.
#10
Burning Brakes
I'm glad I got in on the ls7 wagon when I did...almost 2 months ago. I got my 08 3LZ with 28k miles some bolt-ons and a few extras for 46k.
I'm loving this beast!!! I still have the same big old grin on my face as the day I test drove it! Warranty until 2013...
I'm loving this beast!!! I still have the same big old grin on my face as the day I test drove it! Warranty until 2013...
#11
Le Mans Master
Kinda really dont care, as got mine. Gotta realize, at $70K new, these cars are the bargain of the century already, and amazing GM ever produced them. What else is there in this price/perfomance range. Answer, nothing, and think more buyers in the used market are starting to realize it.
#12
Team Owner
Member Since: Mar 2006
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If the Z06 is the last Corvette with a NA beast of a motor in the car, then these cars should do very well long term. Collector grade no, but desirable grade would be a resounding yes. I think the Z06 has established a spot for itself in history as a very capable sports car and even going on 6 years has some serious respect on the street.
#13
Burning Brakes
Member Since: Jun 2007
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Last spring/summer I researched and shopped for '08+ Z06's, this went on for months. My search was for 2008 or newer Z06's with 2LZ or 3LZ and under 30k miles: range was $50k-$54k.
Fast forward to today, I'm looking for the same car and I am having a helluva time finding that same car for under $50k. Sure, there are maybe a dozen or so nationwide, but it's a rare find!
So you Z06 guys should be very happy that those prices are so strong. I figure we have another 2 good years before the C7 comes out and the prices start to fall faster.
Fast forward to today, I'm looking for the same car and I am having a helluva time finding that same car for under $50k. Sure, there are maybe a dozen or so nationwide, but it's a rare find!
So you Z06 guys should be very happy that those prices are so strong. I figure we have another 2 good years before the C7 comes out and the prices start to fall faster.
#14
Instructor
Member Since: Jun 2009
Location: Okotoks Alberta
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I subscribe to the theory "there's no replacement for displacement", and there are many more than just me who will opt for big CI's. I guess, call me a traditionalist too.
#15
Burning Brakes
Last spring/summer I researched and shopped for '08+ Z06's, this went on for months. My search was for 2008 or newer Z06's with 2LZ or 3LZ and under 30k miles: range was $50k-$54k.
Fast forward to today, I'm looking for the same car and I am having a helluva time finding that same car for under $50k. Sure, there are maybe a dozen or so nationwide, but it's a rare find!
So you Z06 guys should be very happy that those prices are so strong. I figure we have another 2 good years before the C7 comes out and the prices start to fall faster.
Fast forward to today, I'm looking for the same car and I am having a helluva time finding that same car for under $50k. Sure, there are maybe a dozen or so nationwide, but it's a rare find!
So you Z06 guys should be very happy that those prices are so strong. I figure we have another 2 good years before the C7 comes out and the prices start to fall faster.
#16
Le Mans Master
Member Since: Jan 2009
Location: Pottsboro; Sometimes Dallas Texas
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St. Jude Donor '12
about nunbers built. In '10 only 518 built.
I have not seen '11 numbers but know most of the 'Z's built (in 11) were high end models. (Carbons and Z07 pkgs).
I'm glad their finally stabilizing. A couple years ago 'Z owners had tosell at highly depreciated prices which made me sick to see. I'm holding on to mine of course.
'Z's
I have not seen '11 numbers but know most of the 'Z's built (in 11) were high end models. (Carbons and Z07 pkgs).
I'm glad their finally stabilizing. A couple years ago 'Z owners had tosell at highly depreciated prices which made me sick to see. I'm holding on to mine of course.
'Z's
Have you seen how much 2012s list for??? That is what keeps the value on the older models up..... A 2LZ loaded is knocking on $90k... if you add the Z07 or carbon... forget it....
Plus the used Z06 market is stronger than the new one!! Not many Z06s have been built since '09....
Plus the used Z06 market is stronger than the new one!! Not many Z06s have been built since '09....
#17
Drifting
Actually, there is...it's called an LS9. My 5.4 S/C'd GT motor makes the LS7 look sleepy from every standpoint including bottom end grunt...
#18
Le Mans Master
You will find that Canadians (all 33 million of us) may be buying a few used ones since our Cdn dollar is worth about $1.04 US right now and in Canada, the list price for a new corvette is about $15 grand higher than the US!
#20
Le Mans Master
Good to know. I almost dumped mine for $45K about six months ago with just under 20K miles (and a ~$10K Stage IV Ragin Racin package) because I was having a love/hate relationship thanks to the clutch. Nice to see pricing stabilizing. And now that I have a Katech LS9X clutch in it, it's all lovey dovey again.