cal45

Well, one reason is that 2020 MSRP is not the same as 2024 MSRP, if you build the same car.
Right now, one car Im looking at is listed at 7k under the original 2020 MSRP.

Phil1098

Because the same new car now is $70k +, so is that worth $20k? Doesn't matter, I know I can sell my car for more than $53k.

blackvetterzo6

I would never own this car without a warranty, just saying

RiptideHTC

A new car price has absolutely nothing to do with your used car.
The MSRP increase is a pathetic joke, and 3k under is already the norm, and prices will continue to fall.

Only morons are buying used cars without significant savings from it's original MSRP.
Many sellers are due for a reality check.

Zuri2020

I know a dealer (Serra Chevy Jackson TN) who has 2023 3LT convertible with 5400 miles. I traded it for my Z06. You can call and ask for Clint (tell him Larry sent you)

BADBIRDCAGE

No dog in this hunt. My car is not for sale.

Are the morons buying used cars without significant savings any different from the morons that are paying thousands over msrp for a new one?

AORoads

Just about every brand and model within the brand takes in used vehicles at the brand-dealer and if in good condition will "certify" them as a good used car. Now, that's all relative to how much they do check it over, how much they fix first before resale, if anything, etc.

The program for "certified" by the brand's name dealers began in the mid-90s I think with possibly the first two being by BMW and Lexus. I don't know the reason for the BMW but I do know what it was for the Lexus. They had one model that began in the early 90s and didn't sell well. They finally thought to go the CPO and some big discounts on leasing, too.

The final title now is called "CPO" which stands for Certified Pre-Owned. I've actually seen a couple dealers (not Chev or Corvette, but it probably does happen) use the term "CPO" and it is not a brand-make certification; it's a dealer's own extended warranty. And when called out on it, they tend to change their advertising. Usually, if it is a brand-CPO, there will be some kind of logo or text color that shows it's the real thing. Only a really dumb dealer would use the CPO logo or print when it is not that at all. I haven't seen it done.

If it is a CPO vehicle, it will also be a little more expensive than the same model and option car because there is this warranty (extended service plan) running with the car. Just so you know...

RC81

It seems many wont want/keep this car after all warranties are up. Why so? Too expensive to repair?

RiptideHTC

Nope. One in the same.

449er

I wouldn't own ANY C8 without a warranty, but I wouldn't hesitate to buy a 2020 with low miles if the price was fair....maybe the op could negotiate a warranty with the sale of the car

Phil1098

You should consider professional help. You think the MSRP increase is a "pathetic joke"???? Have you actually bought ANYTHING in the last year? I'm talking a jar of mayonnaise or a fast food hamburger or any retail item. Most things have had anywhere from 100-300% increase in price. You're just bitter because you want a C8 with a 4 cam 600 HP engine for $89k and that will NEVER happen, so now you just spew venom for anyone that buys, sells, or owns a C8. My car isn't for sale, but your logic is beyond flawed. The least expensive C8 on Autotrader in the country (with less than 15k miles, regardless of trim) is $64k. According to you, my garage kept, as new, 7,500 mile car isn't even worth $53k. Is the market trending down, it is for ALL expensive non essential items. In your mind, C8 Corvettes have suddenly overnight become a drug on the market, and have just fallen out of bed, when in reality they have just started to come into line and are erasing things like ADMs.

Korbek

Agreed. I think mileage matters far more than model year unless the model year gap is more signifcant than a year or two.

People view cars as such disposable things these days that they want a used car to be 'less used' regardless of year produced, because of that subconscious perception of disposability.

Also most buyers arent even on CF, so they arent going to be thinking about DCT 'time bombs'.

OP: as others have said they should still be under factory power train warranty, so I say if the price is right go for it and purchase an extended powertrain-only warranty for peace of mind vis-a-vis the DCT.

Sure the electronics can lead to semi-pricey repairs but nothing approaching the DCT cost. I dunno if I'd go for the 1k miles example, but perhaps the 4k miles one. It seems like electronic gremlins typically occur early in the car's life. Personally I also disabled OTA updates on mine. They way I see it if the electronics are working they dont need to be updated. That's just me though.

Phil1098

Agreed, what most on here do is wear giant blinders and think the entire world of buyers are all on the forum, they're not. There are people out there right now that think an E-Ray is an all electric Corvette. I have seen the whole gamut of buyers (I sold new Corvettes for over ten years) and there are a ton of variables that come into play on what a car sells for. Currently the 2020 cars (unless they have over 60k miles) are still under the factory 5/60 drivetrain warranty anyway.

Ystayhm

In March '23 purchased a a 2020 with 1365 miles. It had a CPO warranty; very happy with the car.

with 5 Camers, 28 modules, sensors, solenoid's and DCT would not own a C8 without an extended warranty (car has to be owned a month or driven 1000 miles before extended kicks in). Therefore no CPO would not buy.

Being a 2020 the transmission fluid has to be drained and replaced per GM (3 years) old. GM says for any transmission issues they will look at the maintenance records.

Besides the CPO I also have an extended zero deductible 7 year 56,000 mile warrantyWarranty Contacts



The two go to people for warranties on the forum are Dennis Fichtner at Laurel Chevy and Todd Sutherland at MacMulkin Chevy. If you decide to get an extended warranty, give them both a call and see what they can do



Warranties can be transferred if sold to a private party or a refund obtained on the unused portion if cancelled



Dennis Fichtner

Warranty Specialist

Laurel Chevrolet

406-698-6355

dfichtner@laurelchevy.com

C8forT

In 2020 the C8 did not have wireless Apple Car Play and wireless Android Auto. If you wanted to use Apple Car Play or Android Auto you needed to plug your phone into a USB cable.

Did a software update retroactively add that functionality to 2020s? It not, it may matter to some people, but not to others..

RKCRLR

No update that adds wireless AA/CarPlay but you can purchase an adapter for wireless.

BADBIRDCAGE

I’m one of the “others”. Not too much work to plug the phone onto the cable for me.

Greg00Coupe

Yep I know a lot of morons who are millionaires and billionaires who go out and buy whatever they want, pay whatever it takes and enjoy anything they want.

They are not as smart as me cause I'm no millionaire. I've not heard them called morons before but maybe that fits??? I'll have to tell them to kept their pocket change and don't get gouged.

C8forT

Just food for thought on used C8 prices: according to the article below prices are still falling significantly - the gap between supply and demand has been closing on Stingrays with record production last year, and probably will continue to close. So you may be in a good position to negotiate a better deal, or wait a bit longer and save some money. FYI, recently there was a post pertaining to a dealer selling a couple of new C8 allocation spots for $3k under MSRP or something like that. So, $7k under MSRP for a 4 year old C8 does not seem to me to be such a great value, even though the base price has gone up $10k. But, it is your money, so it is your decision:

https://www.corvetteblogger.com/2023...ming-the-drop/

cal45

Thanks - yes, I had backed away for a bit waiting on the market to cool.
Now just started looking again and finding more and more both new and used inventory hitting the dealers lots.

I'm not in a hurry and can wait for the C8 trade-ins coming in as the Z06 and now the E-Ray's are ramping up.