Notices
C8 Z06/ZR1/Zora Discussion General Z06, ZR1 and Zora Corvette Discussion, Technical Info, Performance Upgrades, Suspension Setup for Street or Track
Sponsored By:
Sponsored By: Wheel Designers

First year release of the much coveted Z06: Flip it or keep it?

Thread Tools
 
Search this Thread
 
Old 03-25-2022, 12:59 AM
  #1  
avigar
Drifting
Thread Starter
 
avigar's Avatar
 
Member Since: May 2010
Posts: 1,467
Received 263 Likes on 161 Posts

Default First year release of the much coveted Z06: Flip it or keep it?

I'd say most are in it to get the chance to flip it for major bucks on the first year release. Or, maybe just to keep it for the bragging rights, perhaps?

Popular Reply

03-25-2022, 06:20 AM
Kevin A Jones
Race Director
 
Kevin A Jones's Avatar
 
Member Since: Apr 2017
Location: Virginia
Posts: 12,970
Received 11,839 Likes on 5,644 Posts
Default

Definitely planning on keeping mine.
Old 03-25-2022, 06:06 AM
  #2  
449er
Race Director
 
449er's Avatar
 
Member Since: Apr 2016
Location: Pittsburgh
Posts: 10,732
Received 4,742 Likes on 3,020 Posts
2023 C6 of the Year Finalist - Unmodified
2022 C6 of the Year Finalist - Unmodified
2021 C6 of the Year Finalist - Unmodified
Default

I hate to admit it but getting your hands on a C8 Z06 is a wonderful opportunity to make some major $$$....no doubt there are many out there who will do it
Old 03-25-2022, 06:20 AM
  #3  
Kevin A Jones
Race Director
 
Kevin A Jones's Avatar
 
Member Since: Apr 2017
Location: Virginia
Posts: 12,970
Received 11,839 Likes on 5,644 Posts
Default

Definitely planning on keeping mine.
The following 6 users liked this post by Kevin A Jones:
ArmchairArchitect (03-25-2022), Atlantan (03-25-2022), Hemi Dave (03-27-2022), IdahoZ (03-27-2022), Litshopofguitars (03-28-2022), thrilled (03-26-2022) and 1 others liked this post. (Show less...)
Old 03-25-2022, 06:33 AM
  #4  
capevettes
Race Director
Support Corvetteforum!
 
capevettes's Avatar
 
Member Since: Oct 2004
Location: Cape Cod, Mass.
Posts: 18,777
Received 4,575 Likes on 2,166 Posts
2023 C3 of the Year Finalist - Unmodified
2021 C8 of the Year Finalist Unmodified
2020 Corvette of the Year Finalist (performance mods)
2019 C1 of Year Winner (performance mods)
2017 Corvette of the Year Finalist
2016 C2 of Year
2015 C3 of Year Finalist

Default

I expect to have an early car and plan to enjoy it until the C9 Z06 arrives, depending on what that is. I have long considered the Z06 to be sweet spot in the Corvette lineup. Zero interest in flipping and GREAT interest in driving this car.
The following 5 users liked this post by capevettes:
ArmchairArchitect (03-25-2022), Basil2000 (03-26-2022), JockItch (03-25-2022), Litshopofguitars (03-28-2022), Warp Ten (03-25-2022)
Old 03-25-2022, 06:36 AM
  #5  
Travlee
Race Director
 
Travlee's Avatar
 
Member Since: Jul 2015
Location: Frisco, TX
Posts: 14,210
Received 1,157 Likes on 620 Posts
Default

i feel they should do like ford did with the GT..... cant sell or trade for 2 years
The following 3 users liked this post by Travlee:
2cnd Chance (03-27-2022), Litshopofguitars (03-28-2022), REACTOR111 (03-25-2022)
Old 03-25-2022, 07:57 AM
  #6  
ttazzijr
Instructor
 
ttazzijr's Avatar
 
Member Since: Feb 2011
Location: Detroit,MI
Posts: 205
Received 106 Likes on 45 Posts

Default

I 100000% think they should do what they did with the ford GT. That being said, it would be hard to turn down that profit if You are able to flip it
The following 3 users liked this post by ttazzijr:
itsonlyairandfuel (03-25-2022), REACTOR111 (03-25-2022), Travlee (03-25-2022)
Old 03-25-2022, 08:57 AM
  #7  
z51vett
Le Mans Master
 
z51vett's Avatar
 
Member Since: Feb 2002
Location: cumming ga
Posts: 5,394
Received 277 Likes on 169 Posts

Default

4 year wait at top 10 dealer you want money or Z06 your choice
Old 03-25-2022, 09:24 AM
  #8  
See8
Pro
 
See8's Avatar
 
Member Since: Sep 2021
Location: Cincinnati
Posts: 608
Received 649 Likes on 262 Posts
Default

Originally Posted by ttazzijr
That being said, it would be hard to turn down that profit if You are able to flip it
10,000 times easier to "flip" crypto / digital assets / or even stocks for that matter. Zero taxes paid on the purchase. Takes zero space in your garage. Zero costs for insurance or maintenance. You pay ZERO taxes on the purchase -- and can be liquidated or transported anywhere in the world instantly.
Old 03-25-2022, 10:18 AM
  #9  
oaktreebc
Racer
 
oaktreebc's Avatar
 
Member Since: Sep 2021
Location: AR
Posts: 460
Received 467 Likes on 198 Posts
Default

If I got a year 1 and someone walked up and said, I’ll give you $100k over what you paid, I’d throw him the keys. Maybe at $50k…But probably not.
The following users liked this post:
Tripjammer (03-27-2022)
Old 03-25-2022, 10:49 AM
  #10  
cmb396
Le Mans Master
 
cmb396's Avatar
 
Member Since: Feb 2001
Location: West "By God" Virginia
Posts: 6,708
Received 334 Likes on 141 Posts
CI 7-8-9-10 Veteran

Default

Plan on keeping it, BUT, if they are bringing stupid money on secondary, I'll cross that bridge when i get there.
With my spot, I'm likely looking at a 24' model unless a few folks (2-3) drop in front of me.
The following users liked this post:
Tripjammer (03-27-2022)
Old 03-25-2022, 11:08 AM
  #11  
harley2
Melting Slicks
 
harley2's Avatar
 
Member Since: Aug 2003
Location: Sevierville Tn
Posts: 2,888
Received 1,340 Likes on 591 Posts

Default

Most of us that put down deposit 2+ years ago didnt know the future market! We put down deposit because we wanted the car.
i’m #60 or less @ MM, im buying to enjoy the car! Hope to have sometime this summer/fall.
i plan on keeping but even if i did sell it wouldn’t be right away. I put 4k miles on C8. It was great car but after coming out of C7 Z i, i was power spoiled!
The following users liked this post:
Tripjammer (03-27-2022)
Old 03-25-2022, 11:13 AM
  #12  
Cyclon36
Burning Brakes
 
Cyclon36's Avatar
 
Member Since: Oct 2009
Location: California
Posts: 845
Received 1,251 Likes on 470 Posts

Default

I doubt "most" are going to flip. Some for sure, but I think most are genuine enthusiasts that want to enjoy the car. Plus, if you don't have another reservations, there's always the chance you'll never be able to buy another new C8 Z06. To me, the car is more valuable than the money.
The following 3 users liked this post by Cyclon36:
416vette (03-25-2022), international blue (03-26-2022), Savoy2001 (03-26-2022)
Old 03-25-2022, 11:17 AM
  #13  
blackvetterzo6
Le Mans Master
 
blackvetterzo6's Avatar
 
Member Since: Apr 2006
Location: Goodyear Arizona
Posts: 5,302
Received 1,019 Likes on 567 Posts

Default

Originally Posted by oaktreebc
If I got a year 1 and someone walked up and said, I’ll give you $100k over what you paid, I’d throw him the keys. Maybe at $50k…But probably not.
key fobs……lol
Old 03-25-2022, 11:19 AM
  #14  
SRF7879
Burning Brakes
 
SRF7879's Avatar
 
Member Since: Apr 2020
Posts: 777
Received 427 Likes on 254 Posts
Default

Originally Posted by cmb396
Plan on keeping it, BUT, if they are bringing stupid money on secondary, I'll cross that bridge when i get there.
With my spot, I'm likely looking at a 24' model unless a few folks (2-3) drop in front of me.
I am going to do the same thing, that I did with my 2020 C8. Think ahead! In other words, when I got on a list for this Z06, I also got on two other lists knowing I would have a 2 year and a 3 year wait for those.

My plan is to keep my first month Z06 car for at least two years, because I don't see the market price of the car going down until at least then. At that point in time, I will have the option to sell and order another, or keep it and get my deposit back. If I keep it, I will revisit the market at that point the following year and once again rethink the situation. Unless the offer blows me away, I will keep the car once again. Not in this to make money, but in it to enjoy the car as long as I can and if that means I can parley that into a new car with no added charge under warrantee, so be it! I see the value of these cars, in a similar way, if not better than the first C8's. Works for me.
The following 2 users liked this post by SRF7879:
cmb396 (03-25-2022), Tripjammer (03-27-2022)
Old 03-25-2022, 11:19 AM
  #15  
blackvetterzo6
Le Mans Master
 
blackvetterzo6's Avatar
 
Member Since: Apr 2006
Location: Goodyear Arizona
Posts: 5,302
Received 1,019 Likes on 567 Posts

Default

Originally Posted by Cyclon36
I doubt "most" are going to flip. Some for sure, but I think most are genuine enthusiasts that want to enjoy the car. Plus, if you don't have another reservations, there's always the chance you'll never be able to buy another new C8 Z06. To me, the car is more valuable than the money.
they will be flipping like crazy, are you kidding me, even the guys with money will grab that extra 70k.
Old 03-25-2022, 11:21 AM
  #16  
raleona
Racer
 
raleona's Avatar
 
Member Since: Aug 2021
Location: New Jersey
Posts: 452
Received 210 Likes on 131 Posts
Default

Originally Posted by avigar
I'd say most are in it to get the chance to flip it for major bucks on the first year release. Or, maybe just to keep it for the bragging rights, perhaps?
I visited with the folks at Ciocca during the first Corvette C8 ZO6 tour. Ran into a number of folks that wanted to add the C8 ZO6 to their stable. Then, spoke with the guy's interested in trading their current C8 for the ZO6. The interesting part was talking with two guy's holding reservation numbers exceeding 3200. Both had faith the car would be delivered in 2 years!!!!
The following users liked this post:
Tripjammer (03-27-2022)
Old 03-25-2022, 11:22 AM
  #17  
BTT
Instructor
 
BTT's Avatar
 
Member Since: Sep 2019
Location: GC, USA
Posts: 190
Received 99 Likes on 56 Posts
Default

Keep it, but there's always a chance I may have to resell in a year or two.

Get notified of new replies

To First year release of the much coveted Z06: Flip it or keep it?

Old 03-25-2022, 11:23 AM
  #18  
416vette
Burning Brakes
 
416vette's Avatar
 
Member Since: Nov 2021
Location: TDot
Posts: 984
Received 771 Likes on 364 Posts
Default

I'm buying to keep as driving is one of my outlets... but I know that it would be hard for anyone to say no to $100k on top of what you paid.
Old 03-25-2022, 11:25 AM
  #19  
SRF7879
Burning Brakes
 
SRF7879's Avatar
 
Member Since: Apr 2020
Posts: 777
Received 427 Likes on 254 Posts
Default

Originally Posted by blackvetterzo6
they will be flipping like crazy, are you kidding me, even the guys with money will grab that extra 70k.
I am betting the extra $70,000 or whatever that figure is, might be there for a while. Why not enjoy the car until the market changes?
The following users liked this post:
Boss302+C8 (09-02-2022)
Old 03-25-2022, 11:33 AM
  #20  
dcher
Burning Brakes
 
dcher's Avatar
 
Member Since: Aug 2014
Location: San Diego
Posts: 1,075
Received 220 Likes on 111 Posts
Default

I will drive my car for a month. If if performs as I expect it will I will keep it. I will compare it to my other cars past and present.


Quick Reply: First year release of the much coveted Z06: Flip it or keep it?



All times are GMT -4. The time now is 06:21 PM.