[BrianInJackson]

When the 7th generation comes out.. GM will be marking down 6th gens the way it is now marking down 5th gens. You will probably lose about half over a period of 5 years. We'll see.

[bhavyas]

Originally Posted by fastball

Even Ferraris take a hit initially. First 5 years are not very good to Ferrari values. But after the initial 5 years, you have your own high yield CD in the garage.

........ But I have alaso heard that the high yield is provided the car has low miles on it... There was this one article on Automobile where the gentleman used his ferrari as a DD and he said he gave 2cents to the fact that it will take a larger depreciation hit.. he said I have earned the money to buy this ferrari and now I want to enjoy it rather than beautify it in my garage..

[cuspid]

Buy them right, get out of them right. Bought a corvette in 2000, sold it 4 years later. Depreciation was $115/month.

[paul84043]

Example. My 2010 2SS was 41k new. Some poor sap bought it and 4000 miles later traded it in. The dealer gave him 29k, I paid 31.5 for it.

Plan on losing 25% the second that car titles.

[bjzq8]

Originally Posted by Mike502

I did buy a used 13 Boss 302 drove it for two years and lost $3500 and the trade in saves you taxes in GA . So I saved $2475 in taxes on the 16 SS. Boy back in the day you could buy a ten year old 70 Boss302 and in ten years triple your money. Those days are gone.

My father bought a brand-new 1967 Corvette convertible with a 427/435 tri-power for $5800. He traded it off less than a year later, with 10,000 miles on it, for $6500. The same car today would be worth what, $100,000? The world is definitely a different place.

[SS 1LE]

Originally Posted by fastball

Even Ferraris take a hit initially. First 5 years are not very good to Ferrari values. But after the initial 5 years, you have your own high yield CD in the garage.

Not for all, especially the mid engined ones, like the 488 and 458. The waiting list is so long that some owners after a year or so flip their car to someone on the waiting list who doesn't want to wait any longer for MSRP or more, then they go buy another for themselves...

Some of the older ones are better investments then fine art...

[mt3130]

I have a client that does this with Lamborghini vehicles. They buy it, drive it for a year, sell it above MSRP, then buy the next model that comes out.

With the limited models, most of them are spoken for before production begins. The last one was sold for almost $100k over MSRP for a one year old used vehicle lol.

[fastball]

Originally Posted by SUMMIT WHITE SS

Some of the older ones are better investments then fine art...

Well yes, if you're talking a 1964 360 GTO, you better register at Sotheby's and show you have at least $100m in liquid assets before you can even think of placing a bid on one.

[fastball]

Originally Posted by bjzq8

My father bought a brand-new 1967 Corvette convertible with a 427/435 tri-power for $5800. He traded it off less than a year later, with 10,000 miles on it, for $6500. The same car today would be worth what, $100,000? The world is definitely a different place.

Yes, the last of the 2nd gen Corvettes. 1963-67 are considered some of the sharpest looking Vettes, and 1967 was the peak of Corvette performance until the late 80s ZR1.

1967 was technically the first year of the L88 427, which unless your Dad can remember the VIN he may or may not have had one....... a '67 L88 recently sold at Barrett Jackson for $3.8m...... chances are your Dad's wasn't an L88, as there were only 20 built in '67. They became more popular in the '68-70 models.

Most likely your Dad had the L71 or L89 427/435. Just looked up some of them and they're in the $120-160k range.

Obviously your Dad could not have foreseen that the car could be worth 6 figures in 45 years because 6 figures was just astronomical back then. Heck $5800 was a lot in '67 when a regular Impala was about $2500 brand new. But boy if he would have kept it!!!

[SS 1LE]

Originally Posted by fastball

Well yes, if you're talking a 1964 360 GTO, you better register at Sotheby's and show you have at least $100m in liquid assets before you can even think of placing a bid on one.

*250

Not just the ones that are that old, heck, F40's are selling for well over a million bucks now. They were half that when new...and they aren't even that old, the regular ones were made up until 1992.

[Fraxum]

OP if you are talking trade in after a year, it will depend on how hot the CA6 SS is at that point. If the lots are not overflowing they might offer you around 80% of what you paid. As an example a few months ago I bought a used 2015 ZL1 before the 5th gen fire sale. ZL1s hold their value fairly well. The car had Nav, Recaros, and carbon fiber hood and less than 3K miles. This car was around $60k list?. The dealer traded it in for $48K. So 20% list off may be the high side. If you buy the new Chevy add-ons like the $3K brakes and the rest, be prepared to eat all of that. So subtract all that stuff and look for 75-80% of the pure option MSRP.

As for me I am going to wait and enjoy my ZL1 until I see how reliable the CA6es are and wait for a sweet deal on a used one if I decide to switch. Car and Driver's experience with their 2014 Stingray has me spooked. Once the ZL1 and maybe 1LE come out there should be a glut of SSes for a short time. Think I will go auto if I switch. Tired of buying clutches.

From past ZL1 Price history, my car has already taken its biggest hit if I keep the miles low. It is a bad boy. People keep taking pictures of it.

[Sledgehammer70]

My 13 LT1 RS with a few beneficial mods was given $22.8k when I sold it. I paid $29.9K for it. 2 1/2 years ago. A $7K loss in value isn't bad at all if you consider the high amount of tax I paid being in California.

[Tushar]

Originally Posted by Sledgehammer70

My 13 LT1 RS with a few beneficial mods was given $22.8k when I sold it. I paid $29.9K for it. 2 1/2 years ago. A $7K loss in value isn't bad at all if you consider the high amount of tax I paid being in California.

How many miles on it??

[Jeremeymt]

I bought my 2014 2LT RS on December 31, 2014. MRSP was $34,500 and I paid $28,500 but being that I bought it so late in the year it was already a year old when I bought it basically and now not even one year after I have had it the best trade in value I have found is $20,000 and I only have 13,000 miles. So it is true you take a big hit the first year. I am holding onto it until it levels out better because I do still love the car and the 2016 is more of a "I just want it" than gotta have it.