Why are vettes values dropping so fast
12-11-2010, 08:17 AM
#1
Racer
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Why are vettes values dropping so fast
I was on the ebay and saw a 1998 silver vette super clean with 66k on it for $13900 from a dealer. When I started looking for vettes last year at this time cars like it where going for 17k??? Whats the deal? At this rate we'll be below c4 values soon lol. I understand our cars are getting older but an old viper still goes for alot more and ummm yea unlike first gen vipers we have roofs and ac lol.
12-11-2010, 08:27 AM
#2
Because that's the nature of the beast, the C6's are probablygetting close to the end of their model run making the early C5's quite OLD. This one you mention might have it's own issues too.
12-11-2010, 08:33 AM
#3
Corvette C5 Enthusiast
Agree with dougbfresh. Lots of other factors to in my opinion.....general overall economy, lot's of vettes available out there.....and so it goes.
12-11-2010, 08:36 AM
#4
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St. Jude Donor '12-'13-'14
Why are vettes values dropping so fast
Vettes arn't the only thing dropping in price, Look around, Housing, Other cars, They are all dropping.
12-11-2010, 09:37 AM
#7
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All of the above are good reasons. One thing is for sure, it's a good time to pick one up if you're in the market for a C5.
12-11-2010, 09:40 AM
#8
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12-11-2010, 09:42 AM
#9
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It's the economy and just wintertime are always when sportscars get cheaper.
12-11-2010, 09:55 AM
#10
Le Mans Master
C5? You should own a C6 that was bought MSRP and now see them for $24k. I bet those guys lay awake at night and hear the ole dive bomber sound effect. Jezz that's horrible!
12-11-2010, 10:11 AM
#11
Melting Slicks
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Everything's subjective, there's money out there, folks are just waiting for the deals, which can be had, just need some patience.
12-11-2010, 10:39 AM
#12
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There are only a few select cars that are made to become investments... Most people buy a car with the expectation that the car will drop in value. I know this is a Corvette, although it is just a car. People park these cars and baby them like it is a child or something. They buy them when there 50k and wonder why they lost over 60% in value in a few years. These cars should be driven because they are not an investment of any sort. At least not right now they are not. Who knows in 50 years on if they would be worth the lack of enjoyment.. Again will you be around to enjoy the returns?
12-11-2010, 11:52 AM
#13
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St. Jude Donor '03 thru '24
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Corvette values ?
12-11-2010, 12:15 PM
#14
Burning Brakes
Why are vettes values dropping so fast?
Must be all that "Hope and Change" brought about by the "American Reinvestment and Recovery Act."
Last edited by Marine One; 12-11-2010 at 01:13 PM.
12-11-2010, 12:57 PM
#15
Le Mans Master
What's everyone talking about? I read a few weeks ago that the recession ended so since people are spending money again the value of things should start to rise, right? Hey I read it so it MUST BE TRUE! 
12-11-2010, 01:14 PM
#16
Drifting
Who cares, Corvettes arn't investments, they are super nice cars built to be enjoyed! My $350,000 house is now worth $300,000. I dont care because I enjoy living in it. Just like my Vette I have no intention of selling it! 
Dave
Dave
12-11-2010, 01:16 PM
#17
Drifting
There are only a few select cars that are made to become investments... Most people buy a car with the expectation that the car will drop in value. I know this is a Corvette, although it is just a car. People park these cars and baby them like it is a child or something. They buy them when there 50k and wonder why they lost over 60% in value in a few years. These cars should be driven because they are not an investment of any sort. At least not right now they are not. Who knows in 50 years on if they would be worth the lack of enjoyment.. Again will you be around to enjoy the returns?
12-11-2010, 01:18 PM
#18
Melting Slicks
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I was on the ebay and saw a 1998 silver vette super clean with 66k on it for $13900 from a dealer. When I started looking for vettes last year at this time cars like it where going for 17k??? Whats the deal? At this rate we'll be below c4 values soon lol. I understand our cars are getting older but an old viper still goes for alot more and ummm yea unlike first gen vipers we have roofs and ac lol.
12-11-2010, 01:20 PM
#19
Drifting
I don't think its a matter of if we are going to have a double dip recession or not. It just a matter of when they admit its already started. As for vette values the market is saturated with cars in general and they made way too many and as a result values are down accordingly. No need to try and keep up with the Jones anymore since they were foreclosed on last year and don't even live next door anymore. 
