Frugal Friday, C6 Corvette Encore

On a personal note…this day in 1999 was my last as a full-time employee of a major league baseball team. I didn’t know that at the time. In normal baseball seasons July 31 was the trading deadline, the day after which it is more difficult, although not impossible, to trade players. I confess I don’t even know if this date is still the trading deadline and, if it is, if it is still possible to trade players after July 31.

I tendered my resignation in May, but offered to stay through the trade deadline. Two of my colleagues, apparently, had a bet as to whether or not I was really leaving the organization. The one who won the bet is now baseball’s “Wonder Boy.”

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Another personal “note”…

 

 

I have been waxing nostalgic for this car, my 2007 Corvette that I purchased new in February of 2007 and then sold in a panic in October, 2010 when I basically lost my baseball business. Earlier this week while running errands in my Z06, I saw a good-looking C6 convertible (a 2007 Corvette is a C6) with the top down. I am usually the first to make the “Corvette Wave,” but on this occasion the C6 driver beat me to the punch.

Although I wrote a Frugal Friday post about C6 Corvettes last September, I am compelled to do so again today. This is not the least expensive C6 I found on AutoTrader, but it was the least expensive convertible and this 2005 model allegedly has only 16,000-ish miles.

 

 

Maybe it’s inappropriate to write about buying cars as “toys” in light of current conditions including the largest quarterly GDP decline in US history. The opportunist in me thinks that this might actually be the best time to indulge oneself in such a purchase, if one is in a position to do so. The seller is asking $23,495, a price that AutoTrader calls a “Great Price” because it is in the lower half of the Kelley Blue BookĀ® value range for this car. (A car with an asking price below that range is also called a “Great Price.”)

What do you think of this car? Is it inappropriate to buy expensive “toys” at this time? During the Great Depression many people of means refrained from buying expensive cars because they didn’t want to draw attention to themselves, not because they couldn’t afford it. Of course, at about $23,000 this Corvette is not expensive, as long as you’re still working and/or have a decent-sized nest egg.

 

#FrugalFriday

#C6Corvette

#somanycarsjustonelife

#disaffectedmusings

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Frugal Friday Returns: C6 Edition

In this article on classiccars.com the main point is that RM Auction’s fall sale at Auburn, Indiana saw a 23.5% decrease in gross sales compared to last year’s auction. That was true even though 90 percent of the lots offered this year were sold. Gord Duff, global head of auctions for RM Sotheby’s Group said, “…we’ve witnessed a softening in the collector car market in 2019…”

Is the general softening of “high-end” markets a signal of anything? No one really knows. It could, of course, mean that we might be about to enter a good period to buy collector cars if one has the means to do so.

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Comments by 56packardman, David Banner and others inspired the topic for the return of Frugal Friday. 56packardman wrote, “To underscore your point about the basic value a Corvette represents vs. an ‘exotic’ like a Ferrari, at the Bring-a-Trailer website, I routinely see Ferraris listed for sale there that have among their records maintenance receipts for $30,xxx of engine work, etc., often on very low-mileage cars.” (By the way, please read the comments as they add much to this blog.)

Instead of looking for Corvettes available for less than $30,000—the amount mentioned in regards to the cost of Ferrari engine work—I decided to be more specific and look for 2008-2010 Corvettes (C6 generation) that had fewer than 30,000 miles AND were listed for less than $27,000, 90% of the “Ferrari repair” cost. Hey, I’m an idiosyncratic guy. What can I say?

From autotrader.com comes this car:

 

Used 2009 Chevrolet Corvette Coupe FULTON, NY 13069 - 524541593 - 1

 

This 2009 Corvette is in Yellow over Black and is listed for $24,800. It has about 23,000 miles. The price might be a little misleading because the ad copy contained this disclaimer, “**Must qualify for all rebates to receive final pricing.**” The ad also contained this humorous bit, “Load your family into the 2009 Chevrolet Corvette!” Uh, a Corvette only has two seats…

A base 2009 Corvette was powered by a 6.2 liter/376 cubic-inch V-8 that produced 430 HP/425 LB-FT of torque. That’s a lot of oomph (an automotive technical term) for less than $25,000.

From cargurus.com comes this car:

 

 

This is a 2008 Corvette in Red over Black that has fewer than 12,000 miles and is listed for $25,995. CarGurus rates this as a “Good Deal.”

Life is short; enjoy yourself, within “reason.”

 

#DeclineOfCollectorCarMarket

#C6Corvette

#somanycarsjustonelife

#disaffectedmusings

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