The £40k UK Z06?
Discussion
Not trying to talk down Z06 prices here (honestly!) but i'm wondering what the view is of continued depreciation for these performance bargains.
After too-ing and fro-ing far too much I can't get away from my love of Vettes and fancy changing the GT3 for a Z06 this year. I'm tring to set myself a self imposed £40k limit and watching prices like a hawk but am I wasting my time?
Would it be better to bite the bullet in March / April and pay circa 45ish for a UK car with not too many miles on it, or do you think prices are going to keep sliding like the standard C6. There do seem to be a number of Z06's around that are not shifting and I know the whole market is suffering.
How about expected value of a 40k Z in a couple of years time? 30k? Less? With the new 08 arriving on our shores plus the ZR1 there could be quite some way to go.
Not trying to stir up a hornets nest and of course, once you've got one worrying about depreciation is a waste of time. I'm just interested in the collective's thoughts.
Cheers,
Chris
After too-ing and fro-ing far too much I can't get away from my love of Vettes and fancy changing the GT3 for a Z06 this year. I'm tring to set myself a self imposed £40k limit and watching prices like a hawk but am I wasting my time?
Would it be better to bite the bullet in March / April and pay circa 45ish for a UK car with not too many miles on it, or do you think prices are going to keep sliding like the standard C6. There do seem to be a number of Z06's around that are not shifting and I know the whole market is suffering.
How about expected value of a 40k Z in a couple of years time? 30k? Less? With the new 08 arriving on our shores plus the ZR1 there could be quite some way to go.
Not trying to stir up a hornets nest and of course, once you've got one worrying about depreciation is a waste of time. I'm just interested in the collective's thoughts.
Cheers,
Chris
To be honest, I don't see you getting a 40k C6 Z06 any time soon.
Sure there are a few high 40's that are not moving, but we've just been through the
festive season and in another 8 weeks, the traditional price rising will start again.
If you went the self import route having bought a bottom end priced Z06, that would
come in at 40k after all your extra costs, so I'd expect the average price here to
remain at least 10k above that.
Just my 2c
Sure there are a few high 40's that are not moving, but we've just been through the
festive season and in another 8 weeks, the traditional price rising will start again.
If you went the self import route having bought a bottom end priced Z06, that would
come in at 40k after all your extra costs, so I'd expect the average price here to
remain at least 10k above that.
Just my 2c
Cuban said:
To be honest, I don't see you getting a 40k C6 Z06 any time soon.
Sure there are a few high 40's that are not moving, but we've just been through the
festive season and in another 8 weeks, the traditional price rising will start again.
If you went the self import route having bought a bottom end priced Z06, that would
come in at 40k after all your extra costs, so I'd expect the average price here to
remain at least 10k above that.
Just my 2c
Fair enough. Not a bad thing if it means residuals stay strong.Sure there are a few high 40's that are not moving, but we've just been through the
festive season and in another 8 weeks, the traditional price rising will start again.
If you went the self import route having bought a bottom end priced Z06, that would
come in at 40k after all your extra costs, so I'd expect the average price here to
remain at least 10k above that.
Just my 2c
How did the C5 Z06 get on anyway? Did it depreciate slowly to start and then speed up or did we see a linear drop from new price to current?
VHR - agree about the import but am eager to have the warranty i think.
The C5Z06 was a different car again. I don't think it was radically different enough for the public, focussing more on handling than all out power and wasn't appreciated as much as the C6Z06 is. The closer they get to £30k the slower they will depreciate.
Mitch
Mitch
Edited by mitch_ on Tuesday 15th January 16:52
I have just ordered a fully loaded Z06 in the US for $8k under list ($70k) which after paying for import duty etc and current exchange rates is getting you well under 50k GBP for a new one, so surely can't be all that long you'll be able to import a nearly new for well under 40.
My '03 C5 Z06 has plateaued at about $28k in the US for the past couple of years and according to some over here after 5-7 years they tend to stay flat for a long time especially if the new ones are going up (which they have a lot from C5 - C6. It'll be in the UK in a couple months but I would not sell it for anything!
My '03 C5 Z06 has plateaued at about $28k in the US for the past couple of years and according to some over here after 5-7 years they tend to stay flat for a long time especially if the new ones are going up (which they have a lot from C5 - C6. It'll be in the UK in a couple months but I would not sell it for anything!
mrobin33 said:
I have just ordered a fully loaded Z06 in the US for $8k under list ($70k) which after paying for import duty etc and current exchange rates is getting you well under 50k GBP for a new one, so surely can't be all that long you'll be able to import a nearly new for well under 40.
Very nice 
That was the only route I mentioned that could get close to 40k, but yours will still be 47k after costs.
Looking forward to hearing more about it and don't forget to add it www.c6zo6.co.uk
Well, I can't see a Z06 I can afford yet, so I (selfishly) hope that they get a little cheaper over a couple of years and then flatten out.
I guess the real test will be when those Jap importers get their hands on some - have you seen their C5 prices lately? It has to affect the market somewhat - it would certainly make me think about the price to list my C5 at - should I ever wish to sell - which is extreeeeeeemly doubtful (after over 3 years of ownership - she's still great and grin inducing!).
In fact, in the greasy/drizzly conditions today, I was wondering does anyone do a wiper for the side window? It could come on automatically when one switches off traction control
I guess the real test will be when those Jap importers get their hands on some - have you seen their C5 prices lately? It has to affect the market somewhat - it would certainly make me think about the price to list my C5 at - should I ever wish to sell - which is extreeeeeeemly doubtful (after over 3 years of ownership - she's still great and grin inducing!).
In fact, in the greasy/drizzly conditions today, I was wondering does anyone do a wiper for the side window? It could come on automatically when one switches off traction control
At risk of making the reasons up:
1) JDM cars tend to have small tweaks to suit Jap construction regs, so can have some subtle differences with some parts, particularly emissions systems. Assume they would also require the Jap 112mph limiter too.
2) The US are still pretty much Vette lovers, so their prices aren't terribly weak.
3) Think in Japan, the Vette is a niche interest car, in a country where it appears that after three years old, most locals lose interest (+ I think the Jap MOT equivalent is designed to make keeping older cars on the road exponentially harder), so with this in mind there is less local interest, hence it'll be a buyers market out there.
1) JDM cars tend to have small tweaks to suit Jap construction regs, so can have some subtle differences with some parts, particularly emissions systems. Assume they would also require the Jap 112mph limiter too.
2) The US are still pretty much Vette lovers, so their prices aren't terribly weak.
3) Think in Japan, the Vette is a niche interest car, in a country where it appears that after three years old, most locals lose interest (+ I think the Jap MOT equivalent is designed to make keeping older cars on the road exponentially harder), so with this in mind there is less local interest, hence it'll be a buyers market out there.
Godzilla said:
Euro cars come with a 3 year warranty that includes the UK.
US ones theoretically do too, but the procedure for claiming is tenuous at best...
.US ones theoretically do too, but the procedure for claiming is tenuous at best...
Thanks David.
I know the story about US cars and just don't fancy the hassle.
I seem to remember you bought a Euro Z06 - would you mind letting me know what the differences between the Euro and UK cars is?
Cheers,
Chris
ps - Not thinking of selling your 640 brake example are you?
i dont know all the differences but my last c6 was american and my z is uk....the american car had an annoying thing where it went from 1st to 4th gear unless you revved it....heard it can stopped with a removed fuse! the radio also works on all frequencies. 3 year warranty is nice also. the uk car has headlamp washers......im sure theres more but thats all i know from the top of my head!
Edited by irish boy on Saturday 26th January 09:55
irish boy said:
...the american car had an annoying thing where it went from 1st to 4th gear unless you revved it....heard it can stopped with a removed fuse!
10 minute job (2 min if the car is already in the air)... "CAGS defeat/skip shift eliminator" HERE
Edited by Mello on Saturday 26th January 10:02
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