Do Z06 deposits still make sense?
#21
Instructor
Earlier this year I placed a deposit with a low volume dealer who estimated an 18-24 month wait for factory orders (MSRP). Knowing that my turn is at least a year away, I took the Z06 cash and made a 12 month investment.
Now that we're seeing increased supply and Z06's on the lot listed for MSRP, I get the sense that Z06 prices are going to follow Stingray's, going nowhere but down.
Is there a benefit to keep my deposit in place? It's not like I'm locking in 2024's MSRP for a 2026. And it won't make sense to cash out the investments to buy a Z06 before 2025.
What would you do in this scenario?
Now that we're seeing increased supply and Z06's on the lot listed for MSRP, I get the sense that Z06 prices are going to follow Stingray's, going nowhere but down.
Is there a benefit to keep my deposit in place? It's not like I'm locking in 2024's MSRP for a 2026. And it won't make sense to cash out the investments to buy a Z06 before 2025.
What would you do in this scenario?
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Hellcat_C8_Ryan (04-08-2024)
#22
Le Mans Master
#23
Racer
Also, many of the adds on Cargurus and AutoTrader are for pre-sold builds and old adds dealers haven’t taken down, ask how I know, lol. I’d guess about 100-150 new Z06 Coups for sale in the country.
#24
Burning Brakes
Don't give up on Auto trader, found my Z07 via checking daily for stock sale only Z06 cars. About half were on lots or in transport for stock, un-spoken for. Dealers ask hi MSRP, you just wait them out til they realize market pricing for vehicle and are ready to move it, depending on config of options. Then close a deal if you find one close to what you want.
#25
Safety Car
We have 4 in our club and 3 of us were part of an event doing some backroads on the way to some caverns on a recent outing. 3 of us have our cars on the road pretty regularly; the 4th could end up a garage queen.
#26
Earlier this year I placed a deposit with a low volume dealer who estimated an 18-24 month wait for factory orders (MSRP). Knowing that my turn is at least a year away, I took the Z06 cash and made a 12 month investment.
Now that we're seeing increased supply and Z06's on the lot listed for MSRP, I get the sense that Z06 prices are going to follow Stingray's, going nowhere but down.
Is there a benefit to keep my deposit in place? It's not like I'm locking in 2024's MSRP for a 2026. And it won't make sense to cash out the investments to buy a Z06 before 2025.
What would you do in this scenario?
Now that we're seeing increased supply and Z06's on the lot listed for MSRP, I get the sense that Z06 prices are going to follow Stingray's, going nowhere but down.
Is there a benefit to keep my deposit in place? It's not like I'm locking in 2024's MSRP for a 2026. And it won't make sense to cash out the investments to buy a Z06 before 2025.
What would you do in this scenario?