Going Up In Price

[Keith Tedford]

This is $6500 more that we paid for our 2005 three years ago, and it had less than 22K km on it. Are people actually getting anywhere near these prices? It is a nice convertible with the Z51 package for sure. I'm happy if they are getting this kind of money but I would have thought about $10K less.

2005 Chevrolet Corvette Z51 Convertible 6spd | used cars & trucks | Owen Sound | Kijiji

 

[CCO]

I go to Canadian Black Book values to get a rough guestimate of values and right now it says the average asking price of a base '05 vert is $31,372.

So that Kijiji price is on the high side but according to Corvette magazine values of C5's and C6's are rising.

The increase in prices of the C7's would have an effect.

I do personally think that price is a little optimistic tho.

C.

 

[Keith Tedford]

Our car depreciated about $36K in the first seven years and 21440 km or about $1.68 per km. Nice to see that this has levelled off. Generally, buying new cars is a quick way to go broke....unless you have deep pockets to begin with and if you do, that's fine too, you earned it. For the rest of us, we have to be a little more careful and it's nice to see that our money isn't just getting flushed down the sewer. I think it sure would be nice to walk into a dealership and drive out in a new 650 hp Corvette. You would have to beat me with a stick to get the smile off my face.

 

[CCO]

When it comes down to it, what we have is very very nice. When I was younger I would have given anything to have what I have today and my vettes now are 10 ('06) and 22 ('94) years old.
Their hp is nothing to sneeze at either.

I'm enjoying what I have, regardless of values. --- I just want some dang weather to enjoy them in.

16 days to the first day of spring. I hope Mother Nature takes pity on all of us soon.

C.

 

[Keith Tedford]

Barring a catastrophe, we'll have our car for as long as we are able to get in and out of it. We have our '97 Olds LSS no winters car for family use in the summer, and the '05 Jimmy for winter use. That keeps us covered and by spreading the mileage around, none of them get run into the ground.
The long range forecast looks like we might start seeing above freezing temperatures and climbing in another week.......HOPEFULLY!!! Hint, Hint Mother Nature.

 

[Riley P]

Last summer I saw C5's around the mid to high teens for the early C5's and low 20's for 2004's and C6's were even starting to hit the lower to mid 20's for the early ones. This new found interest in the Corvette may be causing a bit more of a demand driving up the prices. Wooo! I already have my C5's so if the prices jump, great, but really, as I'm not selling or buying, what the prices do doesn't affect me too much. But it's quite an interesting question that you asked Keith.

 

[Keith Tedford]

Perhaps the people looking for the older musclecars get sticker shock then look at Corvettes and see what a bargain they are for a lot less money. $30K won't buy much in the SS396 Chevelle world will buy a pretty nice, low mileage newer Corvette and get you a whole lot more performance. I certainly wouldn't go back and anyone looking for a performance type car, I steer them towards a Corvette. They are totally surprised that these cars actually are comfortable and give good gas mileage too.