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Re: How will this car effec z values??
one of the prime factors that hold a sports car like the z06's value is that its one of the fastest cars on the road, bar none, save for a few hyper-exotics. now you have 1. the 600 hp viper, and 2. the new zr1. the zo6 is going farther down the ladder in terms of 'fastest on the road'.
i cant tell you how many vette or viper owners come to me with the hp ratings and the blah blah this things the fastest blah blah i have 400-600 hp blah blah. a good number of people throwing down 70-100k for a hunk of metal and plastic usually only care about having the fastest rated car, and that holds immense weight on the value.
as for those who think there is a difference bettween the base model vette and the zr1 i hate to break the news but they are all 85% the same car. they all have pushrods, leaf springs, plastic panels, and the name chevy attached to them. these things can only hold value for so long before they become obsolite by the newest technology. you can basically take a stock c5 and throw bolt-ons onto it to make it a z06 or a zr1 if you want to, save for the frame which is made of different material but still the same in terms of shape. you cant say that about a ferrari 430 to an enzo or a 599. or a nissan 350z to a new GTR, which are truly 'different' cars.
yes they zr1 will effect z06 prices, not because it is some mirracle of name 'zr1', but more so because the car is just becomming dated. wait until the c7 comes out then be boggled at how fast these things will drop price, ie the c5 z06.
dont get me wrong i love my vette, always have and always will, but the one thing that i always look forward to is exactly what this thread talks about...depreciation. i live for the moment when i can get a 60k car for half as much, like i did with my z. in 3 years we will see c6 zs hitting the $40k ranges and when it does i will be all over it like white on rice.
the reason i dont go financing a $70k sports car today is because i know it will be worth nearly half that in 5 years when i still owe like $30k on the thing. i buy used so that the drain on my wallet stays reasonable and its gonna stay that way unless i hit the lotto. im not bashing anyone who buys a new car like that, in fact i am thankfull that there are those more fortunate than me who can pave the way for guys like me to be able to one day have this car without worrying about breaking the bank. only lets not fool ourselves into thinking the davaluation of our cars is not comming as fast as it really is.
not trying to burst bubbles but cars depreciate like mad, its just the nature of the beast. as new models come and go it obviously will effect the value, otherwise we would still have c4 vettes selling for $30k+ for a base model. in the realm of high performance, being the fastest carries with it the power to make or break the value of other cars.
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'And behold, a pale horse, and he who sat upon it, his name was death, and Hades followed him.' Revelation - 6:8
02 Z06 Blk/Blk - 06 Yamaha R6 Raven  Bad in black
Last edited by Over-rev : 05-27-2008 at 10:37 PM.
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