Chevrolet Corvette Z06 Depreciation
A Chevrolet Corvette Z06 will depreciate 53% after 5 years and have a 5 year resale value of $61,037.
The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year. It also assumes a selling price of $129,562 when new. 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 Z06.
Chevrolet Corvette Z06 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $48,301 | 62.72% | $81,261 | 13,500 | 2025 |
| 2 | $55,193 | 57.40% | $74,369 | 27,000 | 2026 |
| 3 | $57,137 | 55.90% | $72,425 | 40,500 | 2027 |
| 4 | $62,565 | 51.71% | $66,997 | 54,000 | 2028 |
| 5 | $68,525 | 47.11% | $61,037 | 67,500 | 2029 |
| 6 | $73,099 | 43.58% | $56,463 | 81,000 | 2030 |
| 7 | $77,336 | 40.31% | $52,226 | 94,500 | 2031 |
| 8 | $81,248 | 37.29% | $48,314 | 108,000 | 2032 |
| 9 | $84,876 | 34.49% | $44,686 | 121,500 | 2033 |
| 10 | $88,232 | 31.90% | $41,330 | 135,000 | 2034 |
Chevrolet Corvette Z06 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $48,301 | 62.72% | $81,261 |
| 2 | $55,193 | 57.40% | $74,369 |
| 3 | $57,137 | 55.90% | $72,425 |
| 4 | $62,565 | 51.71% | $66,997 |
| 5 | $68,525 | 47.11% | $61,037 |
| 6 | $73,099 | 43.58% | $56,463 |
| 7 | $77,336 | 40.31% | $52,226 |
| 8 | $81,248 | 37.29% | $48,314 |
| 9 | $84,876 | 34.49% | $44,686 |
| 10 | $88,232 | 31.90% | $41,330 |
Buying a Chevrolet Corvette Z06 New vs Used
If you purchase a used Chevrolet Corvette Z06 that is 2 years old, then you could save $55,193 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $13,332. 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. 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 Z06 models become available.
What About Chevrolet Corvette Z06 Insurance Costs?
The average cost to insure a Chevrolet Corvette Z06 is about $3,365 per year. This adds up to around $16,825 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Chevrolet Corvette Z06. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure
Chevrolet Corvette Z06 Depreciation Rankings
We've ranked over 300 models from best to worst for Depreciation. See where the Chevrolet Corvette Z06 ranks for Depreciation compared to other vehicles. Also check out how the Corvette Z06 stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other Chevrolet Corvette Z06 Costs of Ownership
Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Chevrolet Corvette Z06 costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses:
Related Articles
Do Electric And Hybrid Cars Hold Their Value?
The 10 Cars, Trucks, and SUVs with the Best Resale Value in 2024
5 Trucks with the Worst Depreciation
