GT500 Used Value?
- Thread starter bandit_48032
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drmustang
Banned
They would gladly grab 72 thousand for a used Z06, that is far from a bargain. They have been selling these cars for the sticker price for a good while now. Forget 72K. A few grand more buys a new 07.Zalec said:
The used low mile 06 Z06s can be found on the Corvette board with asking prices from 64-70K. There are a bunch of the cars listed there with more added daily.
adamb258 said:
AND he was talking about a Terminator not a Z06. ;-)
terminator
I bought an early 03 cobra and paid $2500 over sticker. I then bought a late production 04 and paid invoice for it. I predict the 07, when prices fall to MSRP, a used unit will bring 60% of msrp when traded in. If you bought an 07 at list, you still maybe able to get 90% of your money running into next summer on a privare sale. Your best buy will be a late model 03-04 Cobra from sometime to come. Scott
I bought an early 03 cobra and paid $2500 over sticker. I then bought a late production 04 and paid invoice for it. I predict the 07, when prices fall to MSRP, a used unit will bring 60% of msrp when traded in. If you bought an 07 at list, you still maybe able to get 90% of your money running into next summer on a privare sale. Your best buy will be a late model 03-04 Cobra from sometime to come. Scott
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Here's a new GT500 selling for under MSRP:
http://www.autotrader.com/fyc/vdp.j...al&car_year=2007&max_price=80000&cardist=1220
And I'm sure there are others out there that I'm not aware of. So today a new one is selling for $41k and I bet the deals will get even better in the months to come. So what will a used one be worth in one or two years? This reinforces my earlier statement that dealer markups have nothing to do with future used values. I'm sticking to what I stated earlier; they will probably be worth somewhere in the $35k range.
Willie
http://www.autotrader.com/fyc/vdp.j...al&car_year=2007&max_price=80000&cardist=1220
And I'm sure there are others out there that I'm not aware of. So today a new one is selling for $41k and I bet the deals will get even better in the months to come. So what will a used one be worth in one or two years? This reinforces my earlier statement that dealer markups have nothing to do with future used values. I'm sticking to what I stated earlier; they will probably be worth somewhere in the $35k range.
Willie
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bubbrubb
New Member
lol, its probably just the ADM (j/k)
thats a really good find though if you're right!
thats a really good find though if you're right!
my dealership has sold 2, one was part of our allocation, the other was a power lease cust.(which he let me drive it yesterday...tuned...BAD ASS).
for as many that have been built. where the hell are they??
for as many that have been built. where the hell are they??
Jackie Chan said:
Sitting in !#^#$^#ing collectors' garages... *grumble*
im guessing that is a pricing mistake. as a dealer, i know i could get msrp 1000 times over from another dealerWillie said:
those cobras will not get 50k miles in 1-2 years ... those cars i doubt are ganna see 30 in 2 years... exept a few daily drivers.
That has never been my experience...and I have sold a LOT of Mustangs/Cobras. They sell fast and for what I believe to be a good price as compared to what I paid. The used Mustangs I have owned always sold for more than I paid, and the new ones sold for 6%-11% less than my out the door cost.goingup said:
Now with that being said...the resale price is relative to how well the car has been kept and it's desireability. My used cars have always been improved upon, and the new ones have always been kept immaculate.:-D
as far as mustang resale, i purchased my 01 gt vert for 20k, drove it for 3.5 years and 30k miles and sold it for 14.5k. I could have gotten more but didnt have time to keep looking for a buyer. thats pretty damn good resale
chuckstang said:
I had found one on autotrader for $19,500 (in Kentucky)...a silver with 30K miles. If I had a bit more $$...I would have bought it for sure. Needless to say, but it was gone in less than 1 week. Had pictures and everything...it was a true SVT.
It that the norm? NOPE! But I think they will start dropping a bit more...thats what I am waiting for.
chuckstang said:
That would work out about right. I'll have both the Lightning and the wife's car paid for by then!!!!
Values on used cars will mirror values on their new counterparts. If prices stay at or above MSRP, used values will stay just below. If they come down below MSRP, used values will stay just below. When the 05's were still high, used ones would bring MSRP at auctions because there was enough demand that people were willing to pay just to get one. We traded for an 05 with 19(k) miles a few days ago for 19750. MSRP new was about 28000. I don't see the GT500's dipping under $40000 for quite some time, at least a year. When they fall below $35000, the Terms will take a nosedive.
Someone said they would be at 60% of MSRP in 2-3 years; Terms haven't even done that yet...:bash:
Someone said they would be at 60% of MSRP in 2-3 years; Terms haven't even done that yet...:bash:
Pacettr, just out of curiosity what does your 05' run in the 1/4?
you are very correct, the new car market definitely drives u/c values.PACETTR said:
I'd bet you'll see the used shelby's hit around 35k when they've been around long enough to have 30k miles on them. Terminators are already pretty close to 20k used. I don't see them taking a nose dive in value just because shelby's fall in value to more than the terminators cost new. Plus the 04 terms will still be the LAST official SVT car made.
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