C6 ‘Vette – New or Used – is a Winner
Having a new car is nice, but eating that first year depreciation is pretty hard to swallow for a lot of people. The used car market for these two seaters is surprisingly competitive for such highly rated models as the C6 generation. A three year old Corvette coupe can be snagged for as little as $30K if you’re willing to accept “normal” mileage (up to 50K).
There are plenty of low mileage examples in the market as well. Cars with barely five digits on the odometer are plentiful, but the premium is somewhat unpredictable for that. Convertibles and Z06 models command premiums over the basic coupe, of course, and a top-shape Z06 with low mileage can still fall in the mid-50′s range.
The 2008 model year is pretty representative of the sixth-generation Corvette. The model has 430 hp small block (550 hp in the Z06), push button starting, heads-up display, staggered tire fitment (18=inch front, 19-inch rear) and an adjustable suspension with Sport and Touring settings. Magnetic ride control was optional.
Customer experience with the 2008 model is highly favorable, as evidenced by both J.D. Power and Consumer Reports studies. The J.D. Power information is barely three months old and the 2008 Corvette scored “Among the best” in Overall Performance & Design, Performance, Style, Overall Initial Quality, Overall Quality Design, Features & Accessories Quality Design. Attributes of the car that rated “Better than Most” or higher were Comfort, Features & Instrument Panel, and Body Interior Quality Design.
Based on data from their Vehicle Dependability Study (VDS) and the Initial Quality Study (IQS), the company forecasts reliability as better than Average.
More recent results come from Consumer Reports, where the car gets excellent marks in all categories, and supports the reliability projection from J.D. Power, at better than average. Commonly cited issues with the cars were a lack of dealer knowledge about servicing the Corvette, and difficulty getting used to the 1-4 transmission shift at low speeds.