Revette

I’m really curious how the eighth generation Corvettes are going to end up on the usual depreciation off of the msrp purchase price. Are those who are paying $30,000 over msrp going to take a massive hit on depreciation if they trade for, say, a new Z06 or any other new car. With the inflated price they paid they could have purchased the Z06 had they waited a bit.

I see a lot of “flippers” getting big bucks out of selling the cars they purchased at msrp but haven’t seen what people are getting if trading in a C8 for a new Z06 (or any other car).

Walter Raulerson

When the greed subsides all of the money paid over sticker will be lost. So if a $90,000 car loses 30% that's about $27,000 whatever was paid over 90 say $25,000 that's about a $52,000 loss. Those little books won't have a category that says " deduct over sticker price"

BIG Dave

saleen556

It’ll eventually hit. However I don’t see a big change for a couple years. Paying over sticker is normally just throwing money away to have it sooner. One doesn’t usually get it back.

*89x2*

Ya think

Spamburger_Hamburger

People paying well over MSRP don't care about the depreciation.

jcp911s

When I bought my C7 in 1015, I did a depreciation schedule on Corvettes based on KBB, and NADA... the curve is so predictable it's like Alabama winning the SEC... (BTW, I'm a financial spreadsheet Geek)...

Here are the numbers... 20%, 15%, 10%, 10%, 10%, and then flat...

Based on my calcs, my 2016 should have sold for about $35K this year... I got $52K... I was thrilled and have a new C8 coming in a few weeks... I know I can flip this car for $15K profit, but that's not what I do... I buy cars I want, with an eye to value, and let the chips fall... but I've driven Porsches for 35 years, and never lost money, so put that in the bank...

I bought my '84 911 Targa for $22K in '95, drove the S*it out of it for 25 years, and sold it for $22K... so I count myself even, notwithstanding maintenance and inflation... but one can always construct your own mythology, with a bit of imagination...

Rapid Z

Exactly, Its a car eventually its going to lose money but in the case of the C8 its going to be more slowly than most.

landsteam

Most paying over sticker or paying inflated used car prices are going to deep underwater, unless its some special rare car. I do not think a regular C8 classifies as a special car.
Won't be surprised to see some sort of Gov't program to come to the rescue.

Phil1098

I wouldn't spend over MSRP, but everyone makes choices. What we can't see is change. GM and Ford have both said they aren't going back to the model of having dealer lots overflowing with inventory. There are a bunch that say everything will get back to normal in some time, but what if this is the new normal? It also might not be, so we're going to have to cling to BIG Daves post as the most accurate.

Wyldfyer

They have government programs to address increased used car value? How come they didn't use it for cars like the GT-R, 1st Gen NSX, Ferrari 360 Modena's, etc.?

Wyldfyer

It's hard to say. We aren't exactly playing by the traditional rules. There are folks who stand to lose but it depends on how much over MSRP they paid as well as how high the base price rises to. Of course the biggest factor is supply and demand.
As of right now, If you paid 10K - 20K over, you can still break even or make a couple thousand if you trade in to a Carmax type. Of course that depends on which trim you have. No clue if the private sellers asking for over 100K are really getting what they asked for.

jcp911s

Honestly, I see alot of business models changing... Economist Schumpeter posited the concept of "Creative Destruction"...

Basically Political, Social, and Economic systems do not evolve in a linear fashion, but respond to huge shocks that require a new set of rules... I believe we are seeing this now...

The old model of producing maximum scale economies out of a factory, and them jamming the product down the throats of consumers at a loss is 50 years out of date... with modern production capability, you can build cars to order and cut thousands of dollars of dead over-head out of the system..

The model is changing

landsteam

I recently sold my 1,800 mile 2021 Rapid Blue HTC 2LT Z51 mag Ride, etc MSRP $86.5k to a speciality corvette reseller, I did not even receive any low ball offers from individuals while listed in this forum.
Carvana offered $97k, Vroom offered $88k and two local car buyer lots offered $90k, where I am located at this time of year the prices point to a lower return.

Vetteman Jack

The C8 will eventually depreciate just like any other vehicle and those that paid over MSRP will lose more because of it. Just how long prices will remain high , who knows, but with demand so high, looks like it will be a while.

Big Lebowski

‘Yes, I expect anyone who paid $30k over sticker can kiss that money good bye. But they knew that going in. Anyone who paid $10k over might brake even after taxes.

*89x2*

*break

Caymanspyder

Well lets see, My 2016 C7 1LT Base model w/ 7 speed Manual purchased new for $49,995 on March of 2016, Sold for $46,000 with 34,000 miles on it, 5 years 5 month later.....Not Bad. I think the C8 will do ok on depreciation. With the era coming of everything becoming electric, demand will stay high and so will prices.

gdb069

Having a $90k toy, I can't imagine anyone worrying about depreciation. Having a $150k toy yes I expect depreciation. My GF and I have 2005 MBs. Hers is S and mine is SLK. Hers cost twice as much as mine new $150,000 vs $70,000 . At 15 years old Benz told us hers was worth 0$ and mine was worth $12k.

Vetted610

Wow, I’m just wondering are people forgetting that this body is style is the reason why the cars value is so high right now? This car should be worth so much more. Anyone that wants one will have to pay the price. With EV’s coming and gas leaving, this car will never depreciate. They won’t even be able to make enough for the car to depreciate.

I think the people who think the car will depreciate are trying to psych people out or something. It’s the vest but you can get. If the C7 can hang on with a body style that you can recognize from 40 years ago, the C8 will definitely stand the rest of times.