hi guys, i usually post in the c5 section but tonight i need some advice.
my father in law is getting up there in age and is looking to sell his corvette. it is a 1993 convertable, black on black cloth, automatic, with approximately 32000 miles on it. car has a clean carfax, has only been serviced by gm, (have full service record) and new kumho tires. interior is flawless, exterior looks good, however it does have some wear. it is a 16 year old car, and even though it has been garaged and babied its whole life, s..t happens.
he has asked me to sell it for him and since i own a c5, i really am not sure what is a fair price to ask for. the car mechanically needs nothing. if i were to buy it the only thing i would fix on it is the drivers side weatherstripping attached to the convertable top. other than that she is a real beauty.
fyi the car has original paint, is stock and has never been in an accident.
From what I see from 7K to 9K depending on condition. Market is real soft right now. There is a big on line auciton service (E ?) where you can see recent sales closed on that year and model. Might check there for actual market deals being done. Good Luck!
With it having low miles, lots of documentation and good shape I'd say unless you 'need' to sell it then hold out for $12k. Being stock with low miles, garage kept and documentation means alot. Very few cars left out there like that. The cloth seats could hurt it some but you never know.
12K is probably too much to expect in this market. I sold a similar car albeit not a vert, but same model year and mileage, also in near mint condition for 12K about 2 years ago. Unless you find someone specifically looking for a vette around that model year you'd best price this car reasonably, i.e. < 10K. C4's are a dime a dozen and most buyers will buy the newest model they can afford. With the drop in C5 prices the C4 is looking pretty bleak. The C4 pretty much went obsolete when the C6 hit the market and the C5 may go that way when the C7 is introduced.
Pricing is subjective. It's a compromise between what a seller thinks his car is worth and what a buyer is willing to pay. Obvious, I guess. A perfect example is the $40k ZR1 with 179 miles that is for sale here. It's easily worth that price to a collector but to me it's a $20-$25k car because I will title it and drive it. I had a streetrod and did the car show thing for a couple of years but I got tired of just sitting and looking at my car. I started putting the miles on it and when I sold it I got less than half of what I had in it but I was happy because I had gotten what I "lost" on it out of it in pure driving enjoyment. Cars are meant to be driven.
I agree with Buzz12 on a value for yours and I hope his prediction is right about car prices falling when the C7 is introduced. I'm looking at buying a C4 because of the current price range. I wouldn't be averse to buying a C5 if the prices come down but if his prediction comes true it will make a C4 even more desirable from a price standpoint to me. I'm looking to buy my first Corvette in the spring and I'm not too particular in what year and model I get. I just want a good, reliable car that I can drive the piss out of. I'm retired and I want to travel and have fun doing it and I can't think of a better way to have fun than in a Corvette.
I've been searching all of the online sources to get an idea of what I am going to have to pay. Prices are all over the place. There is a '94 here locally with 41k miles that will be available next year. The owner wants to get a 6spd andis ready to sell. We haven't discussed price but based on what I've seen here and from other sources I'm leaning toward offering around $8k for it. It's in good shape but the leather interior is showing some wear and the top will need replacing in a year or so. I may be low balling it but that is what I can afford and what I will be willing to pay.
In my opinion the best way to set a price is to sit back and take a long objective look at what it is and what you would pay for it if you were the buyer. Put emotional attachments aside.
The word "investment" crops up from time to time by sellers who are trying to inflate the price of their cars. Unless the car is collector car like the ZR1 cars are liabilities. Every mile driven is dollars off of the car's value.
Corvette Store
help needed with pricing
