Yarbie

A $90k 3lt 2020 vette will be worth $70k in less than a year, period. It's just the way it is.
folks spending $90k now will see folks buying their used low mileage c8s for $20k less ! End of story.

sly1

Adding $30K of options to a $60K car will likely result in a big depreciation hit if the car is wholesaled to a dealer within a year. But I bet that the guy who pays $70K for his C8 and sells it himself within a year, will easily be able to find a buyer for the low $60Ks for a low mileage car in excellent condition.

23/C8Z

Only problem with that way if thinking is... if you want it with xxxxxx and you dont get it? Are you enjoying the car? Or just sacrificing for a possible pay off down the road? Always tradeoffs. When I ordered my last C7Z I could've went bare bones and got it for a ridiculous price talking 68k vs 84k and the delta at resale or trade will barely be 5 or 6k difference max.. so you lose 50% or more on options..

But.. I'm enjoying my loaded car and will do the same down the road if I jump into a C8Z. Because you only live once and there ain't no dress rehearsals.

C8Jake

relevant words of wisdom

Silamanajik

I just watched a review on the new McLaren GT. It is a very similar and cool looking car but during the review process they showed how it had a bunch of issues where things were not working. McLaren is known for their issues but people still buy their $250K cars and they depreciate like a ****. The base model starts at $163000 pounds and you get manual seats! The GT they reviewed is priced at over $200000 pounds as spec'd and you do not get half of the tech the C8 has and the C8 Z51 has better performance specs. The C8 is the best performance / looks / bang-for-the-buck value on the planet right now and it will be for a long time. Depreciation is inevitable in 99% of new car purchases and if depreciation is something that needs to be considered when purchasing a C8 then maybe you should be shopping for a Honda Civic. Spend as much $ as you can on what you want, because tomorrow you could be driving to work and get smoked by a distracted driver checking their snapchat and its all over and your last thought would be, OMG my C8 depreciated $666 this month. By the way, you are going to hell for thinking about money instead of going to church. (did you get my satanic reference? greed=sin)

C8Jake

^McLaren > overpriced import junk

Silamanajik

Agreed!

rob62

Guy buys a new Vette but doesn’t drive it because resale will suffer more and more. Guy is not happy. Don’t be that guy.

jimmyb

Exactly. There is no such thing as a mass produced car that APPRECIATES (in the short term).

Apocolipse

Lol base models

roadbike56

Make no mistake about it. Those buying a 2020 Vette and paying full MSRP are paying for the privilege.When these cars are two years old and the new, 2022 Vettes are being discounted 8 or 10%, then the depreciation on the first year cars will be average depreciation of two years plus an additional 8 to 10% with a minor adjustment for MSRP increases. I think most posting here who are buying 2020 Vettes know this. There are a few, like there were with the C7, who think the current high demand will last forever. It won't.
As long as the current buyers are realistic, they'll accept the higher depreciation as a cost of being the first and all the positives that brings.

Apocolipse

Where were you seeing a 10% discount on C7 2 years into production? Lol

RKCRLR

They were out there, especially if you were willing to buy an in-stock car.
I ordered my 2015 Z51 and got ~9% off MSRP.
Having said that, I saved less than $2K over a comparable 2014 because of the mid-year and next year price increases.

919cw313

Are you kidding? Any dealer that was in the Corvette selling business was doing that deal or better by 2016 for sure. And if you don't believe it, go back a few years in the C7 Dealer Inventory subforum and look for yourself.

Cenzoooo

For what it's worth, I did really well with my 2010 Camaro. Kept if for 3 years before trading it in on a VW and left with a nice check. After breaking down the original note less the cash out, the car cost me around $14000 and the sticker was just shy of $40k at the time of purchase. There is a similar high demand situation with the C8, so I think I will do just fine.

Apocolipse

They sure didnt do that in Canada - however I would never look at a base model anyways so may have just been blind to it.

jimmyb

Exactly right. One thing to keep in mind, however, is that the car goes UP every year so that 10% discount on a 2022 might only be 3-5% cheaper (if at all) than a 2020 at full MSRP.

punky

I didn't have to see it, I experienced it. Purchased a new 2016 Z06 in March of 2016, Stickered @ 91K paid 81K, over a 12% discount.

Apocolipse

Nicely done. I also like how they raise the msrp prices every year and then "discount" them.

usrodeo4

Yeah...the manufacturers make huge profits off selling upmarket pickups, and SUV's...because well people will buy them. I doubt GM is making any money off selling a $75K Vette, they just move the ROI out to a point to show break even and then make some money on the highly optioned ones and then the especially on the highly optioned Z car(s) to come. As to depreciation, GM will build as many as they can sell so they will definitely be a depreciating asset. Regarding your underlying theme that the C8 is worth the asking price just because of the "utility" the buyer will derive, well that is not for me to argue. Personally I like the car and am going to take a look at the 3LZ Spider Z when it arrives but as I mentioned above, everyone has to attach the "utility" value as they see fit and for me, 495 H.P. is a non starter and once the Z Spider starts getting into the $125K range I will start comparing said "utility" to other higher priced cars so at least in my case, GM will need to really impress me with the Engine (hoping for a 4 liter FPC, DOHC TT engine of approx. 700 BHP) for me to open my wallet for chevy over $125K.