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Chevrolet Corvette Prices Paid and Buying Experiences

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Comments

  • Dollar for dollar what do you think is the better choice a low mileage used 2004 or the new c6 and why?
  • I have a 2002 corvette with low miles and I love it. My last vette was a 1991 with 27k on it and I can tell you that there is a lot more car with the C5 than the C4. I`ve driven the C6 and as far as I can tell there isn`t as much difference in the C5 to the C6 as there is between the C4 and C5. I want a C6 though, I love the new body style and would love the have that 400 horses.
  • vinnynyvinnyny Posts: 770
    I listed my BMW Convertible in the paper today. If it sells privately, I won't wait because I can't see the C6 prices getting any lower than they'll be over the next month. I won't trade the BMW in the winter because I'll get killed on it!
  • vinnynyvinnyny Posts: 770
    I wanted a Corvette since I was old enough to read a car magazine (and probably earlier than that). Over the years I went back to the dealer to try each new version of the Vette. I almost bit on a C5 convertible but ended up buying the BMW instead. Each time, the Vette fell a little short--until the C6. I bought an 05 C6 Convertible and it was everything I ever wanted. In my opinion, the C6 Corvette is the best car, dollar-for- dollar, ever produced in the US. The combination of performance, refinement, and fun factor is unmatched.

    My advice: buy the C6 and go light on the options--you won't regret it.
  • MSRP:$59,570
    selling price:$55,213
    Residual:$29,785
    Lease factor:.00220
    Payment:$698/mo for 36mos/36,000 miles-$3,500 down

    This is in North Carolina and I would appreciate comments as to how this compares to other prices around the U.S. Thanks.
  • rayainswrayainsw Posts: 2,506
    Selling price looks way too high, if you are willing to buy "anywhere".

    Reputable dealers ( including www.boardwalkchevrolet.com ) have published $12K off on in-stock, left-over 2006 Verts...

    I negotiated $5K off an ordered 2007 Coupe in Sept.

    Good luck.
    - Ray
    Happy C6 driver....
  • bolivarbolivar Posts: 2,316
    I don't know lease numbers.

    But I agree with the other poster - locally there are ads for $10,000 and $12,000 off MSRP for 2006 convertibles.
  • what dealer or lease co. gave u that residual value? 30k after 3 yrs seems very low to me, $25 lost in depreciation.. man.

    I am in a similar position but looking to sell after 2 yrs, so Id have to buy not lease_ I cant find solid residual values for 07s coupe tho =/
  • Here's a lease deal on an '07 vette 2dr Hatchback (6.0L)...

    Base MSRP...................................... 44,170.00

    3LT Coupe Preferred Equip Group............ 4,945.00

    QX3 Chrome Aluminum Wheels............... 1,850.00

    Destination Charge............................. 825.00

    MSRP........................................... 51,790.00

    Lease Payment Calculation:
    Agreed Upon Value.............................. 44,285.38

    1st Month’s Payment............................ 755.00
    Security Deposit............................... 775.00
    Acquisition Fee................................ 695.00
    Sales Tax @6.50% x Total Monthly Payments 1,766.70

    Gross Capitalized Cost................... 48,277.08

    Adjusted Capitalized Cost................ 48,277.08

    Residual Factor.......................... 0.58

    Residual Value (Res. Factor × MSRP)...... 30,038.20

    GMAC Buy Rate (S Tier)................... 7.50%

    Term (months)............................ 36

    Monthly Lease Payment.................... 755.00

    Initial Lease Charges:

    Title, Registration, Plates.................. 148.00

    Amount due at lease signing.............. 148.00

    No Disposal Fee. GAP insurance included.
    Annual Mileage: 12,000
  • I hear you..any specific options or packages you'd go without (that you have now)if you were buying again right now? I'm debating used 05 versus "light opted" 06/07..6spd. I'm especially interested if you or others are satisfied with their non-Bose (1LT, 2LT) sound system...Thanks.
  • I paid $42,900 with no doc fees at MacMulkin Chevrolet in Nashua, NH for a 1lT coupe with Z51 and special paint (Velocity Yellow). MSRP was around $48,000.

    Great overall buying experience.
  • The Bose is garbage anyway. The stereo in my 1LT sounds as good as my Bose system did in my 2002 Z06. If you really want a good system, do what I'm going to do, go aftermarket!
  • Thanks for feedback and nice work on the MSRP discount. I haven't test driven a Z51 yet but wish to. Can you summarize specific ride versus handling impressions to the standard suspension?
  • vinnynyvinnyny Posts: 770
    Sorry I missed this reply earlier. I'm a big fan of buying lightly used cars--especially cars like the Corvette that people buy and realize they can't keep (too out of shape to climb in and out, insurance too high, baby on way, etc.).

    That said, I'm currently looking at an 07 coupe with nothing but Lemans blue paint. My 05 Convertible was loaded with everything but nav and Onstar. In driving the stripped 07, I think the only thing I would miss is the HUD, but could certainly do without it. If it had the Z51 package it would be just about perfect. (I'd also prefer the Monterey red--Lemans blue is my second choice).
  • Minnesota in January is the place to buy 06 conv.vette $12G off MSRP....
  • vinnynyvinnyny Posts: 770
    Drew:

    Please share all the details. $12k even beats Kerbeck by $3k and shipping couldn't be more than a grand.
  • I am looking to buy a 2005-2007 coupe. I would prefer a used with a telescoping wheel if possible. I know that for 2007 that you need to get the 3LT package. Is this the same for 2005-2007? Also, can anyone comment on the "improved noise insulation" for 2007? Is it significant? And finally, is the magnetic ride control make a big difference with regards to smoothness of the ride.
    Thanks.
  • rayainswrayainsw Posts: 2,506
    “. . telescoping wheel if possible. I know that for 2007 that you need to get the 3LT package. Is this the same for 2005-2007? Also, can anyone comment on the "improved noise insulation" for 2007? Is it significant?”

    I have now driven my 2007 just over 4,400 miles.

    For both the 2006 & 2007, the 3LT option package is the only way to order the telescoping steering column. ( And HUD. )

    Comparing my 2 test drives in 2006s, my perception is that the “"improved noise insulation" for 2007” is not significant – meaning if you could still find a new 2006 on a dealer lot ( still many available now ) with exactly the equipment & colors you want, I’d not consider that a deciding factor. ( Other factors, including the extended powertrain warrantee, but #1 was definitely the fact that there was a full year of production & “in-service” on the 6L80 transmission – I had no interest in being a GM Beta Tester for this trans. )

    No experience with the MagRide – never driven one.
    [[ edit: I have driven the Caddy STS version - just not a C6 with this susp. ]]

    Good luck!
    - Ray
    Happy 2007 driver . . .
  • You can actually read more about the Corvette's Magnetic Selective Ride Control with driving impressions here:

    http://corvetteactioncenter.com/kb/question.php?qstId=503

    http://corvetteactioncenter.com/kb/question.php?qstId=506
  • I'm considering the purchase of a 2005 corvette coupe. I am new to buying a GM product. I had assumed that I could purchase an extended warranty up until the time that the factory warranty expired similar to toyota, honda... From the email above it appears that this is not the case. Can anyone elaborate.
    Thanks
  • starrow68starrow68 Posts: 1,142
    I know if you are original owner you can purchase or add to
    extended warranty up to the point where original runs out.
    What happens when it is used car, you better check with
    expert. If you have free LD on a cell, try the GMPP expert
    at Fichtner Chev in Laurel, MT., can't put in name here but
    they will know if you ask. I got GMPP on both an 02 and 04
    from them and have been very happy.
    Randy
  • I have a chance to purchase this on an online for $8,000...no this is not a typing error...I need to know what people think? Is this legit? Is this fraud?

    1966 CORVETTE EQUIPPED WITH ALL THE RIGHT EQUIPMENT. STARTING WITH A NUMBERS MATCHING 327/350HP ENGINE, CONNECTED TO A NUMBERS MATCHING 4 SPEED TRANSMISSION, AND NUMBERS MATCHING REAR END. MOST ALL COMPONENTS OF THIS BEAUTIFUL COUPE ARE FACTORY CORRECT. ADDITIONAL EQUIPMENT INCLUDES WORKING AIR CONDITIONING, SIDE PIPES, KNOCK OFF RIMS, TELESCOPING STEERING COLUMN, AM/FM RADIO, POWER ANTENNA, POWER STEERING, POWER BRAKES, AND TINTED GLASS. ALL OPTIONS PERFORM AS DESIGNED RIGHT DOWN TO THE CLOCK!

    FRAME IS PERFECT AND HAS NEVER HAD ANY REPAIRS.
  • kyfdxkyfdx Posts: 27,991
    I'm guessing that this vehicle is somewhere where you don't have easy access to inspect it?

    If it sounds too good to be true... :surprise:

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • youngtw1youngtw1 Posts: 3
    First..invest the dime on a Carfax report..assuming the seller has no hesitations on informing you the VIN...if he/she does...take yourself and someone close to you out for a meal with the $35 saved.

    If the Carfax report is acceptable, talk further with the seller..and make sure the title is in his/her name and possession. If the seller/owner passes your phone impressions, invest the airfare and take a look..hopefully some place you wouldn't mind a weekend getaway to. You may want to contact a Chevy dealer in that area ahead of time to schedule a hour or so of inspection.
  • I am reminded of the old adage...if it seems too good to be true, most likely it is. You can't buy much rolling stock with $8000 - I strongly suggest you either research the VIN or spend the time and money to examine it in person. With all the right numbers...that car should be worth alot more unless it is trashed.
  • Thank you to all that responded...I tried emailing and getting a hold of the people selling the car and I even looked up plane tickets but after all of this they never responded! I had mentioned I preferred escrow services and I wanted to look at it...oh well no big deal...will still keep looking for a classic corvette...they just go so fast and cost alot in time and money but that is what is so great about them. Classic history. :shades:
  • bolivarbolivar Posts: 2,316
    This is a $60,000+ car.

    And because of this, the ad is obviously a scam.

    Here's how it will go. The seller will 'require' an earnest payment from you. Or a payment based on some tale. And, if you send the money, the game is over, he's gone, never to be heard from.

    A excrow service is also no protection. There are bogus ones of these, and when the money is sent to them, that's the last you will hear of anything.

    Also, pictures of the car are probably stolen from some other online source.

    Look at this from the easy view - a 66 Vette, AC, sidepipes, knockoffs, numbers matching for $8,000. Come on. It's an obvious scam.
  • bobwileybobwiley Posts: 241
    sullyak: Go to www.aulcorp.com OUTSTANDING aftermarket warranty--in january mine cost about $2,400 for an 01 Coupe with 13,645 miles--CHEAP protection at less than $50 per month!
    Bob
  • tenzotenzo Posts: 24
    My local dealer offers me 9% off form MSRP.
    "2007 vett coupe BLK or Yellow Auto."
    Seems like there is 12% profit in vetts. Is 9% a good deal?
  • gbjerkegbjerke Posts: 158
    There is about 10.5% markup (not counting holdback) so 9% is not bad but you can get invoice from several dealers.
    Suspect your dealer would go 10% so don't think you would want to travel far for 1/2% of 50k or so.
    Not so sure I didn't see one dealer doing $500 under invoice. If I can find that info again, I'll post it here.
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