Prospective new purchase price question...
#1
Instructor
Thread Starter
Prospective new purchase price question...
Looking at a 1995 C4 Automatic Convertible, owner listed at $11k. It was described as being "excellent condition", 44k miles, custom turquoise color. Owner describes that he never did anything to it in the past 6 years of ownership, believes he is the second owner.
Closer inspection revealed a leaking water pump which leaves a significant puddle (advised that it not be driven any further so as not to risk the opti), the "check gauges" light is on probably because the fuel gauge is buried in the "reserve" area even though tank is full, weatherstripping needs replacement.
Bushings look good (always garaged), trans fluid clean (no burning smell), oil condition appears reasonable. udders were clear and no signs of water inside cabin. Customary oil seepage around engine... nothing serious. Top is in good condition and the interior is reasonable wear for age. Has dual power seats, ride control, electronic climate control, stock rims.
Northeast region.
What do you think a fair and reasonable price would be?
I've already done calculations based upon repair costs for the items and kbb.com pricing.
Thanks.
Closer inspection revealed a leaking water pump which leaves a significant puddle (advised that it not be driven any further so as not to risk the opti), the "check gauges" light is on probably because the fuel gauge is buried in the "reserve" area even though tank is full, weatherstripping needs replacement.
Bushings look good (always garaged), trans fluid clean (no burning smell), oil condition appears reasonable. udders were clear and no signs of water inside cabin. Customary oil seepage around engine... nothing serious. Top is in good condition and the interior is reasonable wear for age. Has dual power seats, ride control, electronic climate control, stock rims.
Northeast region.
What do you think a fair and reasonable price would be?
I've already done calculations based upon repair costs for the items and kbb.com pricing.
Thanks.
#2
Melting Slicks
You should look at Corvette DNA - its an app on Apple or Android...to me its the bible of Vette Values...so much more accurate than KBB.
Now a few concerns.
1) What does "custom color" mean? Was the car repainted? If yes, why? If its some off the wall color, it may hurt resale value.
2) If it has a water pump leak - I would not consider it in "excellent" condition. Alot of sellers think that you slap on a nice paint job that shines and your Vette in now considered "excellent"...then you open the door and all the leather is worn or ripped, or you pop the hood and the motor looks like a lego set. If I were you, I would look at "DRIVER" condition values.
3) Can you share pictures of the car (inside and out)? That would absolutely help us determine a more accurate value...there are guys on this forum that see things in pictures that an average buyer wouldnt see.
Looking at Corvette DNA - it shows a 95 Convt, auto, LT1 motor, w/ under 50k miles in "DRIVER" condition as: $10,000 - then deduct the cost of all the repairs from that...
In "excellent" its valued at: $13,500 (which is aggressive) but something tells me the seller knows its in "DRIVER" condition.
Hope this helps!
Now a few concerns.
1) What does "custom color" mean? Was the car repainted? If yes, why? If its some off the wall color, it may hurt resale value.
2) If it has a water pump leak - I would not consider it in "excellent" condition. Alot of sellers think that you slap on a nice paint job that shines and your Vette in now considered "excellent"...then you open the door and all the leather is worn or ripped, or you pop the hood and the motor looks like a lego set. If I were you, I would look at "DRIVER" condition values.
3) Can you share pictures of the car (inside and out)? That would absolutely help us determine a more accurate value...there are guys on this forum that see things in pictures that an average buyer wouldnt see.
Looking at Corvette DNA - it shows a 95 Convt, auto, LT1 motor, w/ under 50k miles in "DRIVER" condition as: $10,000 - then deduct the cost of all the repairs from that...
In "excellent" its valued at: $13,500 (which is aggressive) but something tells me the seller knows its in "DRIVER" condition.
Hope this helps!
#4
Instructor
Thread Starter
All great comments
Here are some pictures to help size it up:
What are your thoughts? The color was described to me as being custom from the factory.... Thanks!
What are your thoughts? The color was described to me as being custom from the factory.... Thanks!
#5
Instructor
Thread Starter
You should look at Corvette DNA - its an app on Apple or Android...to me its the bible of Vette Values...so much more accurate than KBB.
Now a few concerns.
1) What does "custom color" mean? Was the car repainted? If yes, why? If its some off the wall color, it may hurt resale value.
2) If it has a water pump leak - I would not consider it in "excellent" condition. Alot of sellers think that you slap on a nice paint job that shines and your Vette in now considered "excellent"...then you open the door and all the leather is worn or ripped, or you pop the hood and the motor looks like a lego set. If I were you, I would look at "DRIVER" condition values.
3) Can you share pictures of the car (inside and out)? That would absolutely help us determine a more accurate value...there are guys on this forum that see things in pictures that an average buyer wouldnt see.
Looking at Corvette DNA - it shows a 95 Convt, auto, LT1 motor, w/ under 50k miles in "DRIVER" condition as: $10,000 - then deduct the cost of all the repairs from that...
In "excellent" its valued at: $13,500 (which is aggressive) but something tells me the seller knows its in "DRIVER" condition.
Hope this helps!
Now a few concerns.
1) What does "custom color" mean? Was the car repainted? If yes, why? If its some off the wall color, it may hurt resale value.
2) If it has a water pump leak - I would not consider it in "excellent" condition. Alot of sellers think that you slap on a nice paint job that shines and your Vette in now considered "excellent"...then you open the door and all the leather is worn or ripped, or you pop the hood and the motor looks like a lego set. If I were you, I would look at "DRIVER" condition values.
3) Can you share pictures of the car (inside and out)? That would absolutely help us determine a more accurate value...there are guys on this forum that see things in pictures that an average buyer wouldnt see.
Looking at Corvette DNA - it shows a 95 Convt, auto, LT1 motor, w/ under 50k miles in "DRIVER" condition as: $10,000 - then deduct the cost of all the repairs from that...
In "excellent" its valued at: $13,500 (which is aggressive) but something tells me the seller knows its in "DRIVER" condition.
Hope this helps!
Thanks!
#6
Race Director
Sounds like your typical driver quality car. I'd say if vette DNA says 10k, it's probably worth that. Water pump is easy to do, and basically all of these cars need weather stripping at this point. That's the sort of stuff that makes a car a driver car vs a pristine ornexcellent or whatever.
#8
Instructor
Looking at a 1995 C4 Automatic Convertible, owner listed at $11k. It was described as being "excellent condition", 44k miles, custom turquoise color. Owner describes that he never did anything to it in the past 6 years of ownership, believes he is the second owner.
Closer inspection revealed a leaking water pump which leaves a significant puddle (advised that it not be driven any further so as not to risk the opti), the "check gauges" light is on probably because the fuel gauge is buried in the "reserve" area even though tank is full, weatherstripping needs replacement.
Bushings look good (always garaged), trans fluid clean (no burning smell), oil condition appears reasonable. udders were clear and no signs of water inside cabin. Customary oil seepage around engine... nothing serious. Top is in good condition and the interior is reasonable wear for age. Has dual power seats, ride control, electronic climate control, stock rims.
Northeast region.
What do you think a fair and reasonable price would be?
I've already done calculations based upon repair costs for the items and kbb.com pricing.
Thanks.
Closer inspection revealed a leaking water pump which leaves a significant puddle (advised that it not be driven any further so as not to risk the opti), the "check gauges" light is on probably because the fuel gauge is buried in the "reserve" area even though tank is full, weatherstripping needs replacement.
Bushings look good (always garaged), trans fluid clean (no burning smell), oil condition appears reasonable. udders were clear and no signs of water inside cabin. Customary oil seepage around engine... nothing serious. Top is in good condition and the interior is reasonable wear for age. Has dual power seats, ride control, electronic climate control, stock rims.
Northeast region.
What do you think a fair and reasonable price would be?
I've already done calculations based upon repair costs for the items and kbb.com pricing.
Thanks.
1994 all original, except for wheels, I have the Sawblades boxed
I am the original owner. 38,000 miles. Tires may need to be replaced.
Located on Long Island
631-885-3612
Last edited by Retxpres; 02-25-2017 at 05:04 PM.
#9
Nice looking car. Have you looked at the car and confirmed everything works?
As already said a leaking water pump is not a big deal. Are you saying you cannot test drive it because of the leaking pump? That would be a huge negative for me.
I would not guess and want to know exactly why the check gauges light is on.
If the owner is like me, he is asking 11, hoping for 10, will take 9 but won't turn down an offer of 8500.
As already said a leaking water pump is not a big deal. Are you saying you cannot test drive it because of the leaking pump? That would be a huge negative for me.
I would not guess and want to know exactly why the check gauges light is on.
If the owner is like me, he is asking 11, hoping for 10, will take 9 but won't turn down an offer of 8500.
#10
Melting Slicks
Nice looking car. Have you looked at the car and confirmed everything works?
As already said a leaking water pump is not a big deal. Are you saying you cannot test drive it because of the leaking pump? That would be a huge negative for me.
I would not guess and want to know exactly why the check gauges light is on.
If the owner is like me, he is asking 11, hoping for 10, will take 9 but won't turn down an offer of 8500.
As already said a leaking water pump is not a big deal. Are you saying you cannot test drive it because of the leaking pump? That would be a huge negative for me.
I would not guess and want to know exactly why the check gauges light is on.
If the owner is like me, he is asking 11, hoping for 10, will take 9 but won't turn down an offer of 8500.
Now Im going to be super picky...so bare with me...
So it may be the pictures, but the back trunk area looks like the clear coat has or is starting to fade (again might just be the picture). Also, anyone that takes pictures of a car they are selling from 20 feet away (like that aerial shot) is hiding something...
Also, as one of the other guys said, that is NOT a custom paint job...so to me this guy is trying to sell you more than this car is. Whats he going to say next that the tires are custom because they are made of rubber? LOL
The nose looks like there are some chips (which is normal) but again, doesn't qualify as an "excellent" car.
No pictures of the convertible top UP...(why?)
Lastly - the pictures (conveniently) don't show a full frontage of both seats - that usually means the seller is hiding rips or worn areas on the seat (usually in the side bolsters).
If you do decide to move forward with it...without a doubt run a CarFax just to make sure the mileage is accurate.
#11
Unless you are in love with the color combo I would pass. Like the other gentlemen said you can plan to spend about 3k working out the worms of a garage queen who has sat around for a long time. I don't understand the prices I am seeing on this forum, in the atl you can get a pristine lt4 for that kinda coin, that car would be lucky to pull 8k with that leaking pump around here. But if you like the color jump cause I don't see those very often.
#12
Very nice car, I see your in suffolk, I'm right off exit 63 on LIE. You ever go to any cruises or shows?
#13
Instructor
Once in a while I go down to the OBI parking lot on Sunday mornings. Usually in the Spring.
Last edited by Retxpres; 02-25-2017 at 09:27 PM.
#14
Instructor
Thread Starter
Nice looking car. Have you looked at the car and confirmed everything works?
As already said a leaking water pump is not a big deal. Are you saying you cannot test drive it because of the leaking pump? That would be a huge negative for me.
I would not guess and want to know exactly why the check gauges light is on.
If the owner is like me, he is asking 11, hoping for 10, will take 9 but won't turn down an offer of 8500.
As already said a leaking water pump is not a big deal. Are you saying you cannot test drive it because of the leaking pump? That would be a huge negative for me.
I would not guess and want to know exactly why the check gauges light is on.
If the owner is like me, he is asking 11, hoping for 10, will take 9 but won't turn down an offer of 8500.
#15
Instructor
Thread Starter
If you cant test drive the car - WALK AWAY - PERIOD!
Now Im going to be super picky...so bare with me...
So it may be the pictures, but the back trunk area looks like the clear coat has or is starting to fade (again might just be the picture). Also, anyone that takes pictures of a car they are selling from 20 feet away (like that aerial shot) is hiding something...
Also, as one of the other guys said, that is NOT a custom paint job...so to me this guy is trying to sell you more than this car is. Whats he going to say next that the tires are custom because they are made of rubber? LOL
The nose looks like there are some chips (which is normal) but again, doesn't qualify as an "excellent" car.
No pictures of the convertible top UP...(why?)
Lastly - the pictures (conveniently) don't show a full frontage of both seats - that usually means the seller is hiding rips or worn areas on the seat (usually in the side bolsters).
If you do decide to move forward with it...without a doubt run a CarFax just to make sure the mileage is accurate.
Now Im going to be super picky...so bare with me...
So it may be the pictures, but the back trunk area looks like the clear coat has or is starting to fade (again might just be the picture). Also, anyone that takes pictures of a car they are selling from 20 feet away (like that aerial shot) is hiding something...
Also, as one of the other guys said, that is NOT a custom paint job...so to me this guy is trying to sell you more than this car is. Whats he going to say next that the tires are custom because they are made of rubber? LOL
The nose looks like there are some chips (which is normal) but again, doesn't qualify as an "excellent" car.
No pictures of the convertible top UP...(why?)
Lastly - the pictures (conveniently) don't show a full frontage of both seats - that usually means the seller is hiding rips or worn areas on the seat (usually in the side bolsters).
If you do decide to move forward with it...without a doubt run a CarFax just to make sure the mileage is accurate.
#16
Instructor
Thread Starter
#17
Racer
I did look the car over, the seats are really in much better condition than the pictures show. I believe that the check gauges light is on because the fuel sender is shot, the tank reads 'reserve' even though there is plenty of fuel. I did get a chance to test drive it and it handled well and the engine sounds good. I am comparing this one to my 95 coupe... my wife doesn't like to drive a stick and having a convertible would make a nice pair of C4's. I convinced him not to take it out anymore because of the opti risk...
I think 11k for this car WITHOUT these problems is fair as convertibles do fetch a premium. A lot of people are going to walk away with these issues. I wouldn't be surprised for a shop to quote 2k to fix it.
#18
Since you already have one, you have and idea of the cost of the repairs as well as the value.
The two items you know about, the water pump and fuel sending unit aren't a big deal. I would be concerned as to how long the water pump has been leaking and whether or not there is already any damage to the optispark.
Assuming a clean car fax I would think a good price would be $8-9k......of course my first offer would be $6500.
#19
Pro
Good looking car, I like the color combo. Make sure to check the date codes on the tires. Even if they look good old tires need to be replaced. A lot of these cars aren't driven so the tires age before they wear out.
Gary
Gary
#20
Racer
Post #3 nails it. You can find a better car with less problems for his asking price. Although a vert will take a little longer. You good with wrenches? Planning on the water pump yourself. Also with it leaking do you feel lucky on the original opti? Well do you, lol. As suggested if you can get it for $8500 yes, if not then no.