What is a 93 coupe with 6000 miles worth?

50thAE · 03-26-2004, 08:07 PM

I am going to sell my 93 with 6000 miles on it. It is torch red with white interior, (which I am told is rare?) Automatic, bose with CD, electronic air. I need to know high and low prices. Thanks in advance.

Mr Mojo · 03-26-2004, 08:20 PM

That is rare, my opinions are always on the low end due to the fact that the car has low miles, it probably needs work.

I'd say $15,000 would be a good starting point.

What's the condition of all the rubber and stuff like that? That's what will make or break the sale.
I'm sure the paint and leather are in good shape, but I'm more concerned with the mechanicals.

50thAE · 03-27-2004, 07:46 AM

This car has never been in the rain, and condition is 100% new in every respect, as the day it came off of the assembly line. Now my concern is I have had two Corvette dealers offer me $20,000 because of the condition and color combo. So what is it really worth, or should I even be trying to sell it?

Mr Mojo · 03-27-2004, 08:51 AM

If you got an offer of $20k, take it!

You'll never see that again. The price of C5's has driven down the price of C4's.

My thinking is, why would someone pay more for a C4 when they could have a newer car for the same or less money?

Take the $20k and run, let the dealer suffer the loss.

C123456 · 03-27-2004, 09:48 AM

Quote:

That is rare, my opinions are always on the low end due to the fact that the car has low miles, it probably needs work.

I'd say $15,000 would be a good starting point.

What's the condition of all the rubber and stuff like that? That's what will make or break the sale.
I'm sure the paint and leather are in good shape, but I'm more concerned with the mechanicals.

Mr. Mojo: I can't beleive you would tell him to start at $15,000. If you think he should start there I would hate to think what you think his car is really worth.

You would think that since your a Mod. that you would have better feel for the market. Some of these people actually think you might know more than the average person on this Forum. I know Corvette dealers that would pay $18,000 to $20,000 all day long for that car.

As a Mod. you should have a better grip on the market, with quotes like you gave you could be costing people thousands of $$$.

50thAE:
If you have had offer for $20,000 thats fair. Unless you want to wait it out for that white interior freak for any extra $1,000 or $2,000.

Mr Mojo · 03-27-2004, 09:56 AM

Well me being a mod has nothing to do with market value of an almost 12 year old car that has hardly been driven. I look at cars all the time for friends and myself and I'm telling you that the C4 market is not that great, nobody will pay more for a C4 than they would for a C5 unless it's a ZR1 or maybe a GS. His combo is ultra rare and to the right person it may be worth something, but to the general public, it's worth no more than any other '93 Vette.
If I were to sell my '93, I would ask $12,000 and expect offers lower than that and I would have to live with it because that is what the market is doing.

C5's have now hit below $20k. Unless someone is looking for that specific combination I an't see anyone willing to spend more.

He asked for an opinion and I gave it. I wish him luck, and like I stated, I would take that $20k offer and run. There won't be too many more offers like that again.

I wish I could honestly say that our cars were worth more, but unfortunately it's a buyers market today, I have friends who have been trying to sell for two years and not selling because they are asking too much.

kittmaster · 03-27-2004, 10:47 AM

C123456 the only person that needs to get a grip here is you. Mojo has a great perspective as to what these cars are worth because he is around them ALL the time!!! Being a NEW as you are maybe you should look around and pay attention before trying to slam a mod about what he thinks he knows. MOD or NOT, he has a much better grip on what the market is doing because of his EXPERIENCE and not guesses.

Low mileage or not, first of all is not a ZR1, low miles?.......who cares, these things go to 200k even starting at 85k miles, color combo.......hmmm....maybe....starting of 17k is what I would have said from the get go had I seen this thread. The car is OLD, low mileage or not, its not vintage, anniversary model, specialized, customized, or anything that really sets it apart except a weird color combo and low miles, its NOT enough to call for 20k+. While some newbie may stumble across it and pay 25k for it, when they realized the car isn't worth 25k, they'll realize that they could have gotten then same if not better car for 10k less, and in the end, value is determined by the buyer NOT the seller.

Try hangin around here a bit more and see the real truths, you just may be surprised what the real deals and truths really are.

Peace

Kitt

[Modified by kittmaster, 9:48 AM 3/27/2004]

[Modified by kittmaster, 4:02 PM 3/31/2004]

cruzr · 03-27-2004, 11:43 AM

:iagree: with Mojo. Im a potential buyer right now, and figure C4's are going to drop in price when the C6 is out. Just like my C5 will. Thats why Im looking for a C4 as a second Vette. If you can get 20K for your vette, take it and run. C5's will be selling for less than that in less than 6 months. Wish you luck on your sale. :thumbs:

C123456 · 03-27-2004, 01:03 PM

Quote:

C123456 the only person that needs to get a grip here is you. Mojo has a great perspective as to what these cars are worth because he is around them ALL the time!!! Being a NEW as you are maybe you should look around and pay attention before trying to slam a mod about what he thinks he knows. MOD or NOT, he has a much better grip on what the market is doing because of his EXPERIENCE and not guesses.

Low mileage or not, first of all is not a ZR1, low miles?.......who cares, these things go to 200k even starting at 85k miles, color combo.......hmmm....maybe....starting of 17k is what I would have said from the get go had I seen this thread. The car is OLD, low mileage or not, its not vintage, anniversary model, specialized, customized, or anything that really sets it apart except a weird color combo and low miles, its NOT enough to call for 20k+. While some newbie may stumble across it and pay 25k for it, when they realized the car isn't worth 25k, they'll realize that they could have gotten then same if not better car for 10k less, and in the end, value is determined by the buyer NOT the seller.

Try hangin around here a bit more and see the real truths, you just may be surprised what the real deals and truths really are.

Peace

Kitt

[Modified by kittmaster, 9:48 AM 3/27/2004]

First of all kittmaster I have been in to Corvettes since 1973. Just because I don't have alot of posts doesn't mean ANYTHING! I have been watching from a far for a long time. The Corvette world is alot bigger than this forum. I have been into Corvetes longer than you were born. I have been to Bloominton and many NCRS shows my whole life. A family member is a ex-NCRS judge. My involvment runs deeper than you know. If Mojo thinks the dealer will lose money thats crazy. Just because C5's have fallen doesn't mean the C4's have to take a huge plunge. People are still buying low mile C4's ,why because they don't like C5's and they want something a lot of people don't have any more and thats a low mile C4. Its just like some people like midyears (63-67) and others like (68-72) cars. This is why Baskin& Robbins makes 31 flavors. I have spoken with many Corvette dealers about their C4's w/ultra low milesand they are selling for Low 20's. There is a market and $15,000 for 6,000 mile (white int.) car is very telling of someones knowledge of the market. Again he said $15,000 was a starting point, what did he think the real value of the ccar is. If several Corvette dealers think the car is worth $20,000 then yes Mr. Mojo is way off. I just happen to think the Corvette dealers happen to know the market a little better than we do.

As for me sticking around to learn something, or see the real truthes, you might want to think about the people that watch from a far that have more involvement in the Corvette community than you might think.

Mr Mojo · 03-27-2004, 01:24 PM

Chris may have been a little harsh in his response, but I'm telling you in NJ, nobody will pay $20,000 for a '93 Corvette unless they no nothing and have a lot of money.

I hate to admit that these cars don't command a higher price, but like I stated before, it's a buyers market.

If a dealer offers $20k for it, how much will they get for it? Who would pay $25k for a '93 when a C5 could be had for less than $20,000?

You gotta remember low mileage cars are not all that good. We buy our cars to drive not to look at, if I were to buy this particular car for any price, it would cost me more than it's worth to put it back together after it falls apart the first time at the track, and God forbid I take it on a road trip and break down miles from civilization.

I'd rather spend the money and convert my interior to white if I really wanted that combo, numbers matching doesn't mean a thing to me. These cars(any cars) should never be bought as an investment, they are made to be driven until they die and if they can be resurrect3ed, so be it, but chances are both of mine will end up in the junkyard when I am done with them.(and that's a long way off, my cars stay young because I drive them & maintain them).

Everyone is entitled to their opinion, we have all given ours, none of us are right or wrong, that's why it's called an opinion.

He asked what we think it's worth and we answered. If he tries to hold out for more than $20k, he will be greatly disappointed, that's why I say grab the $20k and run(maybe buy us dinner?:D ).

C123456 · 03-27-2004, 01:50 PM

Mr. Mojo: Point made, you come form a world where you drive them. There is a very big world where people chase the garage door up to only look at their well perserved low mile C4.

I 'm not from NJ but I know several Corvette dealers in the North east and they don't have a problem selling low mile C4's. Again I think they know better than us.

Their is a market for lowmile C4's in the $20,000 tomany dealers are selling them. Not everyone wants a C5. Somepeople like C4's better, if nothing more than the look of the car? Who knows why. I have never owned a C5 for more than 6 months. I really don't feel special in a C5. Nice cars but I feel like I'm in a Corvette in my C4's.

You can get a C5's with 6,000 miles or less than $20,000 let me know . Me and you will make a lot of money. your C5'sfor less than $20,000 are high mile,salvage title cars. I'm sure everyone has seen that guy or gal that has to sell there car now, so they take a bath. Those 1 or 2 times seem to make the paper so everyone uses that as their bench mark for pricing cars.

I have 2 C4's both with very low miles and have never had a problem that you speak of with the cars falling apart. I would rather have a low mile car and have to put an opti spark or water pump and have everything else with less wear.

:D

Mr Mojo · 03-27-2004, 02:57 PM

I can see your point, of my two C4's, one is low miles(120,000 :D ) and the other is ultra low miles(41,000).

The higher mileage one is in better shape in every single aspect.

Point is, we should all enjoy our cars no matter what we do with them.

Ultimately it is up to the buyer to really determine it's worth.

kittmaster · 03-27-2004, 03:40 PM

:withstupid:

[Modified by kittmaster, 4:02 PM 3/31/2004]

legendzzz · 03-27-2004, 11:05 PM

C I have only been around corvettes since the mid 60's so I may not know much BUT a low mileage early C4 is not an item that is in GREAT demand? I think if he drives it (and he should) it will become an old car with miles , if he like you think alot of people do(you are wrong about that) like to open the garage and look at a C4 with low miles and then close the door he still has a low mileage C4 that is not a collector and never will be. I think because you have such a backround of NCRS and collecting you think MOST people who own Corvettes are like you and do not drive them just bring them to shows? But in truth MOST drive them and use them ALL the time so to over pay for a normal C4 because it has low miles does not make sense, They can save $5K and buy one with a little more miles . $5K savings to you may not seem alot but it is to most so people will always look for the bargain and a $20K low mileage C4 is not one of them. I am from New York and a dealer who is offering $20K trade in value with the tax break is like getting $22K , How much more would you want for this 93?? I too would take the $20K and RUN! As far as rare colors? That only means something to a collector , not someone who will use it. Good Luck with the sale but really think about that dealer's offer. When the C6 comes out there will be many C5's for sale at lower prices and MOST people will buy them first lowering C4's value more.
:eek: :yesnod: :yesnod: :yesnod:

[Modified by legendzzz, 9:15 PM 3/27/2004]

nferr · 03-28-2004, 03:02 PM

The Chevy dealer near me just took in a 94 with 9400 miles on trade for a C5. They're asking $20,995 and its been there about a month so far.

I think if you're being offered $20,000 by a dealer on a low mileage 93 you take the money and run.

Z-ZANY · 03-28-2004, 06:53 PM

tough crowd here. I have a low miles C4 that has always been maintained with fluid changes which had nothing to with mileage but rather time span which I think any respectable corvette enthusiast would be doing. So When I do sell mine somebody will be getting a fine car with many years of enjoyment left in it. I only wish I had the time myself. I guess I'll list in the local papers. :cheers:

03whitecoupe · 03-29-2004, 11:37 AM

I usually don't agree with Mojo's price opinions, I usually think he lowballs them too much. However, if you are getting an offer of $20k, take it. That's a pretty good price, regardless of miles and rarity.

sinc93 · 03-29-2004, 02:48 PM

His car with 6000 miles is basically a new car. I think it is definitely worth more than a same maintained 93 model with standard miles. I'm sure most if not all of the Collector Corvette dealers will want it for the right price. I think 20K is fair for it. I don't think I'd go much lower maybe to 19 but that's it. I've fixed many cars in the past and mechanicals are way cheaper to fix than paint and bodywork. Sure maybe it will need some seals fixed and an optispark from sitting. At least the new Buyer will be fixing a pristine car. With his color combo and low miles, he'll be able to sell that car no problem. Yes the C4 market is not the greatest, but the really clean cars end up moving first regardless.

50thAE · 03-31-2004, 07:56 AM

Car was sold for $20,750 It proves to me that there are collectors and there are drivers. Not knocking either group. To some a quarter is worth only 25 cents while to a collector it may be worth much more because of something unique about the coin. Many thanks to all who responded.

Mr Mojo · 03-31-2004, 08:30 AM

You did good.