I think it's just that they are only willing to finance an auction value on a used car of that age to limit risk. If they repo the car they will just sell it at auction, not retail. I'd suspect for other cars it's going to be a similar deal... they won't finance full retail.

Retail resale isn't really a problem with the Corvette. Look it up, it's very competitive.

I just looked this up on NADA and it's in line with the good stuff.

https://lh6.googleusercontent.com/-g...alecomparo.jpg

I doubt the same banks would give your friend full retail for the two P-cars. They'd probably go off of some auction value.

:iagree: A credit union will make it happen.

Regardless of what the numbers say, it is obvious that the Z06 is not a financial sound investment but a matter of how much $ you want to pay for the POWER. You'd have to end up marrying the car trying to sell even a year or two later will be difficult if you want a premium asking price. All in all...I'm happy he passed, I just couldn't get over the American build quality and it doesn't help that we drove around in his Lotus Exige S all day yesterday.

This is not unique to the corvette. Banks don't like hanging out significant amounts of money on old cars. This is not new.

Hell, go check into how much money you can finance for a 2009 370z.

Hardly any car is a sound "investment."

Obviously there are some exceptions.

The only power in a Z06 that is worthless, is the power that goes untapped due to either lack of driving skill, or lack of confidence to USE the power.

Furthermore, if you think buying a Z06 should be a solid investment, much less almost ANY car now-a-days that isnt ultrarare, you should probably let a finance guy do all your investing and stay out of that realm.

I am aware that no car is a sound investment, but you're drawing to broad a picture. A z06 depreciates far faster than say a BMW 1M or m5. I love the power and torque as much as the next guy I just don't think I want a car worth significantly less than what the current market asking price is. That and I don't think a Z06 looks very good, it looks good because it is a z06.

NOPE.

http://i36.photobucket.com/albums/e3...101/deprec.png


second row is based on Edmund's predictions, top is based on TMV from purchase in 06 until now.


The 1-series M coupe is going to look awful simply due to the fact that most were purchased at far over MSRP.


BMW's are notorious for awful depreciation.

I stand corrected. Oh well, he's still on the hunt though I keep telling him to save $ for a home, retirement, emergencies and stop buying toys. You would think that an s2k, 1m, and exige s would satisfy a guy!

You won't believe how many people on the BMW forums are convinced the 1M will hold tremendous resale value due to the limited production and that the car will be a "collector's item" :bowrofl::roflpuke2:

:icon17:

about as crazy as the people that think the 370z will become a collectors item.

The demand and fanboys for the 1M right now is extremely high, with that said I expect BMW to do something to cash in on it. Come on man, those guys who bought the 40th Anniversary Z and don't drive it will cry if you tell them its not a collectible.

:drama: :rolleyes: