Question: Why Do Corvettes Depreciate So Fast?

How fast do Corvettes depreciate?

A Chevrolet Corvette will depreciate 33% after 5 years and have a 5 year resale value of $49,525.

The iconic Corvette is one of the best models out there for holding its value over the long term.

Out of over 100 popular models, it ranks 4th in 5 years, and 3rd in 7 years..

Do Corvettes keep their value?

Corvette cars are in demand. They are great cars and you can get a lot of Corvette for a fraction of the price of a new one. So, Corvette do not depreciate in value at the same rate as regular cars and trucks because they are more than just appliances.

Do Corvettes break down a lot?

Maintenance Costs While the newer Corvettes have made considerable improvements in quality and durability, they still break down, and when they do, the repairs cost MORE.

Why are Corvettes so dangerous?

The sheer power of the Corvette when combined with its small frame turned it into a relativity bullet that tended murder its occupants in the event of a collision.

What are the best years for Corvettes?

12 Corvettes We Wouldn’t Take For Free (And 12 That Are Worth Every Dollar)1 Best: 2020 Corvette C8.2 Best: 2019 Corvette ZR1. … 3 Best: 2009-2013 Corvette ZR1. … 4 Best: 2000-2004 Corvette Z06. … 5 Best: 1990-1995 Corvette ZR-1. … 6 Best: 1988 Corvette Callaway Sledgehammer. … 7 Best: 1969 Corvette ZL1. … 8 Best: 1967-1969 Corvette L88. … More items…•

Kerbeck’s numbers indicated Torch Red was the most popular color for the 2020 Corvette, followed by Arctic White and Elkhart Lake Blue Metallic in second and third, respectively.