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, do corvettes hold their value. While all used cars are holding their values better today than they were innot all used cars retain their value equally.

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.

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.

The longer you own it, the better it does in holding its value versus the competition. Export to CSV. It displaces 6.

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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.

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. Certain vehicles appear twice, like the Impreza and , representing different body styles.

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Part of what makes the Corvette special is its distinctly American flavor with a throaty V8 rumble. All Chevrolet Models. One of those cars is the Chevrolet Corvette, which boasts surprisingly great resale value. Make Model Select Make First. Comparing quotes will ensure that you are not overpaying if you already own a Chevrolet Corvette. Sign in. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. But, it's also imperative to view all major Chevrolet Corvette costs. Overall, the average 5-year depreciation for all used cars is Advertising Disclosure. Finding a car or truck that saves on depreciation costs is important. MotorBiscuit Contributing Writer. Who even buys those cars?

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But, it's also imperative to view all major Chevrolet Corvette costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. Part of that might be due to limited editions. The analysts at iSeeCars researched the prices of over 1. Overall, the average 5-year depreciation for all used cars is See where the Chevrolet Corvette ranks for Depreciation compared to other vehicles. These cars have held up better. 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 rankings consider multiple factors, including the Corvette's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Hybrids have a nearly 12 percentage point advantage over EVs in value retention, which translates to thousands of dollars in higher market value after five years. My Stingray 2LT has not had that kind of depreciation. Or, if you are just researching, then it would be money-wise to know this cost before buying. The Corvette retains All Coupe Models. More Chevrolet Models Chevrolet Blazer.