I want to buy a used 2002 corvette Z06 five years from now when I have enough money. They cost about 23000 right now, will that price go up or down on the appreciation/depreciation of the corvette? What would it cost then in the same condition with maybe a couple more thousand miles on it?
Will a corvettes cost of purchase decrease or increase in 5 years?
- Thread starter david w
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decrease, period.early vettes are at a premium right now, Late seventies early eighties,ninties are cheap . your vette will continue to drop in value. for ten years or more before you see a increase. . I sit through a lot of car auctions. And have a pretty good idea,What I'm talking about.
Vipassana
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Depends on condition, really.
if it looks like it's 5 years older, price will go down, but only a little.
If it's kept in great shape, like many Corvette owners keep their cars, it will retain it's value, or even gain some slightly.
if it looks like it's 5 years older, price will go down, but only a little.
If it's kept in great shape, like many Corvette owners keep their cars, it will retain it's value, or even gain some slightly.
Old car prices are fickle, sometimes everyone loses interest, and the bottom falls out.. remember that the reason rare cars are "rare", is either because they had serious problems, and fell apart, or because nobody bought (liked) them when they were new.....