Do corvettes hold their value

Photo Credit: CorvetteFurman. The research geeks at iSeeCars have released a new study and this one takes a look at vehicle depreciation rates after five years. While all used cars are holding their values better today than they were innot all used cars retain their value equally, do corvettes hold their value. Overall, the average 5-year depreciation for all used cars is

New cars start depreciating before the ink dries on the sales contract and lose up to half their value in the first two years. However, not all vehicles depreciate at the same rate or lose as much of their value. Cars that have fallen out of favor with buyers depreciate much faster. But popular models can hold their value well, especially if they have desirable features and colors. One of those cars is the Chevrolet Corvette, which boasts surprisingly great resale value. Part of that might be due to limited editions.

Do corvettes hold their value

The iconic Corvette is one of the best models out there for holding its value over the long term. Out of over popular models, it consistently ranks in the Top 10 in years 5 and 7. The longer you own it, the better it does in holding its value versus the competition. If you are looking for a domestic muscle car that will maintain its value over the years, the Corvette should definitely be high on the list. The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12, miles per year. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Chevrolet Corvette. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle , or perhaps wait until more used Corvette models become available. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Chevrolet Corvette. Or, if you are just researching, then it would be money-wise to know this cost before buying.

New cars start depreciating before the ink dries on the sales contract and lose up to half their value in the first two years.

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The iconic Corvette is one of the best models out there for holding its value over the long term. Out of over popular models, it consistently ranks in the Top 10 in years 5 and 7. The longer you own it, the better it does in holding its value versus the competition. If you are looking for a domestic muscle car that will maintain its value over the years, the Corvette should definitely be high on the list. The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12, miles per year. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Chevrolet Corvette.

Do corvettes hold their value

It comes as no surprise that older-model Corvettes typically hold their value very nicely. The survey looks at retention values of every make and model, from sports cars to trucks to EVs. And the Corvette placed at a very respectable 23rd, holding For one, Chevrolet boasts two other vehicles in the top 25 list, the Camaro and Spark. The Camaro, in particular, does very well, outperforming the Mustang and reaching number 7 with Sports cars in general retain their value nicely over the rest, generally speaking. In fact, it nearly doubled the Cayman at number 2.

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Can You Avoid Car Depreciation? Enter your purchase price, expected ownership period and estimated miles driven annually. Chevrolet Silverado Password recovery. Overall, the average 5-year depreciation for all used cars is If you are looking for a domestic muscle car that will maintain its value over the years, the Corvette should definitely be high on the list. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle , or perhaps wait until more used Corvette models become available. Our top ranked model year represents the most car for the money of the Chevrolet Corvette models. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. All Chevrolet Models.

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Skip to main content. Chevrolet Silverado However, not all vehicles depreciate at the same rate or lose as much of their value. MotorBiscuit Contributing Writer. But what makes it an icon is its versatility as a track toy or everyday driver. It provides bolder front and rear spoilers and a list of performance enhancements, including a sport-tuned suspension, upgraded brakes, and an electronic limited-slip differential. The Corvette retains But popular models can hold their value well, especially if they have desirable features and colors. Sign in. Published on March 26, am.