Car Talk 4: The Richard Hertz Rent-A-Car 500

[max225]

If anyone near Philly wants to visit a car museum this was just ranked #2 in the world.

I’ve been there for a craft show once before. The old Alfa 8C is super impressive. Apparently Dr Simeone does “demos” of the cars occasionally where they run the engines and maybe drive them around the parking lot. But either way the museum is totally worth checking out.

https://billypenn.com/2019/07/18/this-p ... JRWBUIozyw

What’s #1? this is super cool

[max225]

https://www.yahoo.com/news/man-killed-w ... 02489.html

If Tesla driver just picked up a street tranny to take it back to his 5k a month condo to do coke, this would be the Most SF accident ever

[D Griff]

If anyone near Philly wants to visit a car museum this was just ranked #2 in the world.

I’ve been there for a craft show once before. The old Alfa 8C is super impressive. Apparently Dr Simeone does “demos” of the cars occasionally where they run the engines and maybe drive them around the parking lot. But either way the museum is totally worth checking out.

https://billypenn.com/2019/07/18/this-p ... JRWBUIozyw

What’s #1? this is super cool

but the Lane Auto Museum in Nashville is super cool. It breaks away from all of the typical 'murican stuff and is loaded with Kei cars, obscure European vehicles, etc. I would love to go back, it's been my favorite so far. I have seen some pretty cool private collections in Los Angeles too, including a building with 3-4 Tuckers.

[Huckleberry]

What trim level are you looking at? Base C7s are now in the mid-40s new, and I'm seeing low mileage used examples breaking into the 30s.

But this could be east vs. west.

https://sfbay.craigslist.org/sby/ctd/d/ ... 10793.html

Cheapest I could find ... early c7s should be in the 20s at this point, as you pointed out they are 40s new

I don't know about C7s dipping into the 20s without having some high miles, but this one is at $38.9K asking with 5K miles:
https://www.autotrader.com/cars-for-sal ... pe=listing

I'm sure you could get the price down to the mid-30s in person.

[D Griff]

https://sfbay.craigslist.org/sby/ctd/d/ ... 10793.html

Cheapest I could find ... early c7s should be in the 20s at this point, as you pointed out they are 40s new

I don't know about C7s dipping into the 20s without having some high miles, but this one is at $38.9K asking with 5K miles:
https://www.autotrader.com/cars-for-sal ... pe=listing

I'm sure you could get the price down to the mid-30s in person.

Max expects awesome sports cars to depreciate like 3 series and Ford Explorers and it just ain't gonna happen.

Depreciation kind of goes like this from most to least:
Luxury Sedans
Regular Sedans
CUVS
Hatch Backs
Hot Hatches


Main stream sports cars like Corvette, 911, Cayman
main stream sports cars
Specialty nonsense sports cars

[D Griff]

Pretty much anything holds value quite well now, C7 not excluded.

[wap]

If anyone near Philly wants to visit a car museum this was just ranked #2 in the world.

I’ve been there for a craft show once before. The old Alfa 8C is super impressive. Apparently Dr Simeone does “demos” of the cars occasionally where they run the engines and maybe drive them around the parking lot. But either way the museum is totally worth checking out.

https://billypenn.com/2019/07/18/this-p ... JRWBUIozyw

I was there for a work function a couple years ago. The Shelby Daytona was on loan at the time, which was a bummer.
I remember a co-worker was pointing out the starting cranks on a lot of the older cars. I told him that if you didn't do it correctly, you ran a great chance of the motor kicking back and the crank causing serious injury. He didn't believe me. Maybe about 10 minutes later, we were talking with one of the employees and he was telling us how they take a few cars out on rotation each week. He then said that one of the new guys had to go home earlier that week due to the motor kicking back and breaking his arm.

This was indeed quite common back in the day. The electric starter motor was a yuuge advancement. Thank you Cadillac.

[CorvetteWaxer]

I don't know about C7s dipping into the 20s without having some high miles, but this one is at $38.9K asking with 5K miles:
https://www.autotrader.com/cars-for-sal ... pe=listing

I'm sure you could get the price down to the mid-30s in person.

Max expects awesome sports cars to depreciate like 3 series and Ford Explorers and it just ain't gonna happen.

Depreciation kind of goes like this from most to least:
Luxury Sedans
Regular Sedans
CUVS
Hatch Backs
Hot Hatches


Main stream sports cars like Corvette, 911, Cayman
main stream sports cars
Specialty nonsense sports cars

As soon as year one of the C8 is over and they start the standard 15-20% off discounts begin to move inventory at the big dealers the C7's will tank as anyone thinking they can afford $40k and slightly interested in the C8 will consider stretching to get a base C8 at $48-50K. Then will get upsold into one that is $55k and a payment above what they wanted.

[CorvetteWaxer]

https://sfbay.craigslist.org/sby/ctd/d/ ... 10793.html

Cheapest I could find ... early c7s should be in the 20s at this point, as you pointed out they are 40s new

I don't know about C7s dipping into the 20s without having some high miles, but this one is at $38.9K asking with 5K miles:
https://www.autotrader.com/cars-for-sal ... pe=listing

I'm sure you could get the price down to the mid-30s in person.

Unlikely for the one Max linked. It is a Z51 car and has the transparent roof and probably more options like the PDR.

The one you linked doesn't appear to be a Z51 and instead just has the wheels and spoiler package, along with the solid roof. Hard to tell with black interior, but I am guessing it's also a 1LT car.

These cars had a significant MSRP difference.

[Huckleberry]

I don't know about C7s dipping into the 20s without having some high miles, but this one is at $38.9K asking with 5K miles:
https://www.autotrader.com/cars-for-sal ... pe=listing

I'm sure you could get the price down to the mid-30s in person.

Unlikely for the one Max linked. It is a Z51 car and has the transparent roof and probably more options like the PDR.

The one you linked doesn't appear to be a Z51 and instead just has the wheels and spoiler package, along with the solid roof. Hard to tell with black interior, but I am guessing it's also a 1LT car.

These cars had a significant MSRP difference.

I was going off Max saying that is the cheapest one he could find in his area, which I took as, "Sorted by the lowest price and this one was at the top." I get that different options will command different prices, and I'm not that well-versed in the C7's options list. I was merely showing an example of a low-mileage C7 with an asking price in the 30s, and one that doesn't have whatever the hell is going on with the armrest in Max's link.

[max225]

Unlikely for the one Max linked. It is a Z51 car and has the transparent roof and probably more options like the PDR.

The one you linked doesn't appear to be a Z51 and instead just has the wheels and spoiler package, along with the solid roof. Hard to tell with black interior, but I am guessing it's also a 1LT car.

These cars had a significant MSRP difference.

I was going off Max saying that is the cheapest one he could find in his area, which I took as, "Sorted by the lowest price and this one was at the top." I get that different options will command different prices, and I'm not that well-versed in the C7's options list. I was merely showing an example of a low-mileage C7 with an asking price in the 30s, and one that doesn't have whatever the hell is going on with the armrest in Max's link.

I just did a quick search, didn't really care for options etc, but yea... sub 40k is really hard to find and usually some garbage combo no one cares about.

[D Griff]

Max expects awesome sports cars to depreciate like 3 series and Ford Explorers and it just ain't gonna happen.

Depreciation kind of goes like this from most to least:
Luxury Sedans
Regular Sedans
CUVS
Hatch Backs
Hot Hatches


Main stream sports cars like Corvette, 911, Cayman
main stream sports cars
Specialty nonsense sports cars

As soon as year one of the C8 is over and they start the standard 15-20% off discounts begin to move inventory at the big dealers the C7's will tank as anyone thinking they can afford $40k and slightly interested in the C8 will consider stretching to get a base C8 at $48-50K. Then will get upsold into one that is $55k and a payment above what they wanted.

Yep.

Looking forward to all of this I couldn't care less if my C5 drops anymore because of it, whether it's a $7K car or $11K, not a big difference. I would love to get a 7 or 8 eventually

[max225]

As soon as year one of the C8 is over and they start the standard 15-20% off discounts begin to move inventory at the big dealers the C7's will tank as anyone thinking they can afford $40k and slightly interested in the C8 will consider stretching to get a base C8 at $48-50K. Then will get upsold into one that is $55k and a payment above what they wanted.

Yep.

Looking forward to all of this I couldn't care less if my C5 drops anymore because of it, whether it's a $7K car or $11K, not a big difference. I would love to get a 7 or 8 eventually

C5 prices ain't going no where, no one is offloading a 12k C5 to buy a 40k C7 or even a 30-35k C7, this just wont' happen. The demographics that are shopping these cars are well entrenched and almost never cross over... I.E no used C5 buyer will buy a C8 new.

[D Griff]

Yep.

Looking forward to all of this I couldn't care less if my C5 drops anymore because of it, whether it's a $7K car or $11K, not a big difference. I would love to get a 7 or 8 eventually

C5 prices ain't going no where, no one is offloading a 12k C5 to buy a 40k C7 or even a 30-35k C7, this just wont' happen. The demographics that are shopping these cars are well entrenched and almost never cross over... I.E no used C5 buyer will buy a C8 new.

It's all a trickle with 'vettes I think. is right, would-be C7 buyers will get C8s once they're discounted. This causes C7s to drop into that $25-35K sweet spot, which devalues C6 down to poverty track bro 25 year old levels (me when I got my C5)... so then C5s basically bottom out where C4s have been, probably $5-10K.

[ChrisoftheNorth]

Yep.

Looking forward to all of this I couldn't care less if my C5 drops anymore because of it, whether it's a $7K car or $11K, not a big difference. I would love to get a 7 or 8 eventually

C5 prices ain't going no where, no one is offloading a 12k C5 to buy a 40k C7 or even a 30-35k C7, this just wont' happen. The demographics that are shopping these cars are well entrenched and almost never cross over... I.E no used C5 buyer will buy a C8 new.

No, but it trickles down. As C6's get cheaper they put pressure on C5 prices since most(all?) would buy a C6 over a C5 at similar prices. C6's will get cheaper as C7's flood the market and they finally start to depreciate.

[ChrisoftheNorth]

C5 prices ain't going no where, no one is offloading a 12k C5 to buy a 40k C7 or even a 30-35k C7, this just wont' happen. The demographics that are shopping these cars are well entrenched and almost never cross over... I.E no used C5 buyer will buy a C8 new.

It's all a trickle with 'vettes I think. is right, would-be C7 buyers will get C8s once they're discounted. This causes C7s to drop into that $25-35K sweet spot, which devalues C6 down to poverty track bro 25 year old levels (me when I got my C5)... so then C5s basically bottom out where C4s have been, probably $5-10K.

[max225]

C5 prices ain't going no where, no one is offloading a 12k C5 to buy a 40k C7 or even a 30-35k C7, this just wont' happen. The demographics that are shopping these cars are well entrenched and almost never cross over... I.E no used C5 buyer will buy a C8 new.

It's all a trickle with 'vettes I think. is right, would-be C7 buyers will get C8s once they're discounted. This causes C7s to drop into that $25-35K sweet spot, which devalues C6 down to poverty track bro 25 year old levels (me when I got my C5)... so then C5s basically bottom out where C4s have been, probably $5-10K.

C6s have been 30-40k for the last 7 years... I just haven't seen them dip.

[CorvetteWaxer]

Yep.

Looking forward to all of this I couldn't care less if my C5 drops anymore because of it, whether it's a $7K car or $11K, not a big difference. I would love to get a 7 or 8 eventually

C5 prices ain't going no where, no one is offloading a 12k C5 to buy a 40k C7 or even a 30-35k C7, this just wont' happen. The demographics that are shopping these cars are well entrenched and almost never cross over... I.E no used C5 buyer will buy a C8 new.

C5 pricing will be stable until the majority of cars are just a bucket of bolts, then the good ones may appreciate.

[ChrisoftheNorth]

It's all a trickle with 'vettes I think. is right, would-be C7 buyers will get C8s once they're discounted. This causes C7s to drop into that $25-35K sweet spot, which devalues C6 down to poverty track bro 25 year old levels (me when I got my C5)... so then C5s basically bottom out where C4s have been, probably $5-10K.

C6s have been 30-40k for the last 7 years... I just haven't seen them dip.

True...but that won't last forever.

[CaleDeRoo]

Low ish mileage LS3 cars are in the mid 20s. That's my next

[max225]

C6s have been 30-40k for the last 7 years... I just haven't seen them dip.

True...but that won't last forever.

The corvettes are just price creeping with each gen by around 10k. So that keeps the peasants within their own gens. Honestly near 20k for a clean C5 is nuts... that's where we are... a clean C6 is close to 30k, a clean c7 is 40k. This won't change with a 60-130k C8

[Melon]

I came in here to discuss the C8.

[ChrisoftheNorth]

Low ish mileage LS3 cars are in the mid 20s. That's my next

I suspect many people feel this way.

I have my listed at $18.5k and not a single contact. Not a lowball $8k offer, no offer to trade for a Kia Sorento plus a 3-wheeler, no Nigerian prince buying it for his nephew to drive, 100% radio silence. I'm actually quite surprised.

I'm not sure you can actually sell any C5 for much over $15k these days.

[ChrisoftheNorth]

True...but that won't last forever.

The corvettes are just price creeping with each gen by around 10k. So that keeps the peasants within their own gens. Honestly near 20k for a clean C5 is nuts... that's where we are... a clean C6 is close to 30k, a clean c7 is 40k. This won't change with a 60-130k C8

I have proof this is not the case

[max225]

I came in here to discuss the C8.

I think we may need a C8 bread.