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-   -   How much money will I lose if I buy a Z51 vs waiting for a ZO6? (https://www.corvetteforum.com/forums/c7-general-discussion/3459328-how-much-money-will-i-lose-if-i-buy-a-z51-vs-waiting-for-a-zo6.html)

Tennis & Golf Nut 04-26-2014 09:34 PM

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:

Higgs Boson 04-26-2014 09:48 PM

I bought a non Z51 while I wait for the Z06. who cares about the money, bob. live your life.

Steve_R 04-26-2014 09:59 PM

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:

Gary '09 C6 04-26-2014 09:59 PM

a likely loss of 25%--35% plus the cost of your modifications...YMMV !

Tennis & Golf Nut 04-26-2014 10:05 PM


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:

I know they all depreciate.

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.

level6 04-26-2014 10:08 PM

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

Higgs Boson 04-26-2014 10:10 PM

you will lose less than 20k. even less if you sell it for retail rather than taking the trade in price.

Steve_R 04-26-2014 10:12 PM

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.

KenHorse 04-26-2014 10:31 PM

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....

Snorman 04-26-2014 11:11 PM

I don't think you're buying anything, lol.
S.

mjw930 04-26-2014 11:37 PM


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....

Highly unlikely. Hell, Calloway wants $22k for a supercharger with a warranty and some tack on cosmetics.

Tennis & Golf Nut 04-26-2014 11:43 PM


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.

How can I not count the supercharger? It's 7k Installed.

Tennis & Golf Nut 04-26-2014 11:47 PM


Originally Posted by Snorman (Post 1586758555)
I don't think you're buying anything, lol.
S.

I'm getting the Z for sure. It's just a matter if I'm willing to go without a Vette until then.

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.

Gary '09 C6 04-26-2014 11:51 PM

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...

Tennis & Golf Nut 04-26-2014 11:55 PM


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....

Not so sure about that. The 2015 Z has a Supercharger, and according to Chevy the "minimum HP will be 625". From what I can see the Z will have an Eaton supercharger which should produce some nice power.

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:

Tennis & Golf Nut 04-27-2014 12:00 AM


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...

If anything I will probably buy a C5 ZO6 and beat the heck out of it until the real Z arrives.:thumbs:

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.

Gary '09 C6 04-27-2014 12:05 AM

^ we're both thinking somewhat similarly here...go for it !

Mdm23 04-27-2014 12:15 AM

With your logic, you'll be looking at getting a C8.

Tennis & Golf Nut 04-27-2014 12:20 AM


Originally Posted by Mdm23 (Post 1586758931)
With your logic, you'll be looking at getting a C8.

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.

FYREANT 04-27-2014 12:44 AM

[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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