How much money will I lose if I buy a Z51 vs waiting for a ZO6?
I'm going to put a deposit down on a ZO6 with ZO7 option, but I'm guessing with the backlog I may not get one until 2016 :smash:
Plus I'm NOT going to pay over MSRP so I will wait it out. In addition, I really want different colors for my ZO6 then what I see them offering at the moment. So far, I'm really not head over heals with any of the colors, although I do like the blue. I also don't want to buy the 1st model year. I'm guessing the 2016 will have a few more upgrades and maybe a few ponies more. I really don't want to wait up to 24 month to get into a C7. I'm thinking about getting a C7/Z51 and adding a Supercharger, approx a $7k increase in price (stock HP won't cut it for me). Any idea how much money I would lose when I go to sell my C7? Thanks P.S. My other option was to buy a used Z06 and hopefully lessen the depreciation factor. But I really want the C7 :cool: |
I bought a non Z51 while I wait for the Z06. who cares about the money, bob. live your life.
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They all depreciate. There's not enough history yet on C7s for sale or trade to make a guess about how much or how fast they depreciate.
If you really want a C7 as you say you do, buy one and quit worrying about what may or may not happen in the future. :thumbs: |
a likely loss of 25%--35% plus the cost of your modifications...YMMV !
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Originally Posted by Steve_R
(Post 1586758070)
They all depreciate. There's not enough history yet on C7s for sale or trade to make a guess about how much or how fast they depreciate.
If you really want a C7 as you say you do, buy one and quit worrying about what may or may not happen in the future. :thumbs: But I won't have the C7 ZO6 for 18-24 months. In the interim I wanted to buy a New C7/Z51 and add a supercharger. If I lost $20k I'll probably go for it. But more than 25k and I need to rethink this. Once I get the C7 ZO6 I plan to keep it for many years. I could care less what happens in regards to depreciation. I'll probably just give it to my son. |
Estimates regarding depreciation losses on a aftermarket supercharged Z51 will vary widely. Antidotal figures will be all over the place.
If you want more financial predictability, I suggest something like a factory modified to supercharger setup like offered by Lingenfelter. Will have a warranty so you can find someone to short term lease it to you. Since your profile says you're an entrepreneur, a lease should work well for tax reasons. And the time line works well with the plans you spoke of. http://i1215.photobucket.com/albums/...C7-Burnout.jpg |
you will lose less than 20k. even less if you sell it for retail rather than taking the trade in price.
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I'd say you'd lose less than $20k if you don't count the supercharger, which is a bit of a wild card for resale value. It won't be worth near the $7k you paid for it and it might even scare away some potential buyers.
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ZO6?
I can build out my Z51 for more power for less $$ I can replace body panels, wheels and tires for less $$ I can upgrade suspension for less $$ Bah.... |
I don't think you're buying anything, lol.
S. |
Originally Posted by KenHorse
(Post 1586758329)
ZO6?
I can build out my Z51 for more power for less $$ I can replace body panels, wheels and tires for less $$ I can upgrade suspension for less $$ Bah.... |
Originally Posted by Steve_R
(Post 1586758167)
I'd say you'd lose less than $20k if you don't count the supercharger, which is a bit of a wild card for resale value. It won't be worth near the $7k you paid for it and it might even scare away some potential buyers.
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Originally Posted by Snorman
(Post 1586758555)
I don't think you're buying anything, lol.
S. I sold my Vette and have nothing but a boring daily driver. I can't believe there is a one year lag from the intro at the auto show to the first delivery. Seems like forever. |
another solution: you can by a used 2005--2007 C6 now for the right price, drive it for 18+ months,
and likely not lose much money when you trade it/sell it to get the C7 Z06... |
Originally Posted by KenHorse
(Post 1586758329)
ZO6?
I can build out my Z51 for more power for less $$ I can replace body panels, wheels and tires for less $$ I can upgrade suspension for less $$ Bah.... Plus I'm sure it will be de-tuned so we can crank up the power once the warranty is exhausted. I plan to keep the car for a long time unless some new radical Vette comes out that makes me want one. The Z has so many more features than a regular Z that I can't list all here. The Z is also wider and longer I believe. How could you possible duplicate that? In addition I want a car that years from now I can say was a Real ZO6. These HorsePower Wars will end one day with all the new EPA crap. I want to have a Z in my garage before the party's over. :salute: |
Originally Posted by Gary '09 C6
(Post 1586758793)
another solution: you can by a used 2005--2007 C6 now for the right price, drive it for 18+ months,
and likely not lose much money when you trade it/sell it to get the C7 Z06... I could probably pick up a nice one for about 28k, drive it for 18 months and dump it for a 5k loss, plus rear tires :D I think that may be my best option. Plus I can teach my teenage son how to drive a Vette before the real deal comes. Something tells me in 2016 they will offer some super hot color for the Z and I want it. |
^ we're both thinking somewhat similarly here...go for it !
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With your logic, you'll be looking at getting a C8.
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Originally Posted by Mdm23
(Post 1586758931)
With your logic, you'll be looking at getting a C8.
There is a backorder on the Z and most likely it's a year away for the first delivery according to Chevy. Most likely I will have to order the 2016 unless they make some changes mid 2015 and I can order a Z. C8 probably won't be for 6 years. |
[QUOTE=Tennis & Golf Nut;1586758954]I have no idea what that means?
There is a backorder on the Z and most likely it's a year away for the first delivery according to Chevy. Most likely I will have to order the 2016 unless they make some changes mid 2015 and I can order a Z. C8 probably won't be for 6 years.[/QUOTE] I think that was his point lol.. think of it as a "crap or get off the pot" kinda reference LOL |
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