Lowest mile C5?
07-15-2009, 05:26 PM
#1
Instructor
Thread Starter
Member Since: Jan 2009
Posts: 166
Likes: 0
Received 0 Likes
on
0 Posts
Lowest mile C5?
So I was at my dad's friend's house, and he has a 2000 Corvette Coupe. When my dad asked how many miles it had he said only 5,000! Although he does also have a Typhoon that he daily drives, a Syclone, and a supercharged 4X4 S10. Being about 9 years old and having 5,000 miles, that means he drives it about 555 miles each year. I was just wondering if anyone else has a C5 Vette with less miles per year, or just less miles period.
07-15-2009, 06:19 PM
#6
Melting Slicks
Member Since: Oct 2004
Posts: 3,066
Likes: 0
Received 0 Likes
on
0 Posts
St. Jude Donor '06
07-15-2009, 06:25 PM
#7
Race Director
Wow that's crazy! You know whats crazier? A guy in the C4 for sale section has a 1990 ZR-1 with 179 (that's right- one hundred seventy-nine miles) on it 
Link: http://forums.corvetteforum.com/c4s-...s-red-red.html
Link: http://forums.corvetteforum.com/c4s-...s-red-red.html
07-15-2009, 06:27 PM
#8
Race Director
07-15-2009, 06:55 PM
#10
Le Mans Master
Member Since: Jan 2007
Location: Rocky Mount Virginia
Posts: 7,364
Likes: 0
Received 5 Likes
on
4 Posts
A "new" car sitting probably does more damage than driving it. The fluids start to deteriorate, rubber parts dry out, and electrical systems take a toll.
If you don't drive it, why buy it??
If you don't drive it, why buy it??
07-15-2009, 07:03 PM
#12
Safety Car
I have a friend with a new ZR1. He bought it last year and is up to... 7 miles on it. He says he bought it strictly as an investment; so we'll see if that pans out for him. He has plenty of other corvettes to drive anyway.
I've also seen a 1980-ish RX7 with 180 miles and a 2004 CE Z06 with 7 miles.
But personally... I plan to drive my cars as much as possible, within reason. While I keep the Vette out of the rain and snow, I'll drive it 50 miles a day all summer long otherwise; and I will drive in the rain on purpose for a big car show/event that happens to be rain or shine. I probably get 7000 miles a year in during the short Alaska summers.
I've also seen a 1980-ish RX7 with 180 miles and a 2004 CE Z06 with 7 miles.
But personally... I plan to drive my cars as much as possible, within reason. While I keep the Vette out of the rain and snow, I'll drive it 50 miles a day all summer long otherwise; and I will drive in the rain on purpose for a big car show/event that happens to be rain or shine. I probably get 7000 miles a year in during the short Alaska summers.
07-15-2009, 07:08 PM
#13
Le Mans Master
Member Since: Jun 2005
Location: Beyonce > Taylor Swift - Welcome to the good life!
Posts: 5,072
Likes: 0
Received 1 Like
on
1 Post
St. Jude Donor '07
People with low mileage cars that are trying to sell right now, aren't doing too well. No way in hell I'd pay $10,000-$15,000 more for a car that has 10k miles on it compared to a car that has 50-60k on it.
07-15-2009, 07:14 PM
#15
Race Director
Cars are very rarely good investments, especially when you factor in the cost of insuring them and the cost of storage (if you're storing it somewhere other than at home) You'd be better off with a good equity based mutual fund that averages you 8-10% a year in interest. Not many cars are going to give you that kind of return on your investment.
07-15-2009, 07:40 PM
#16
Melting Slicks
Member Since: Oct 2004
Posts: 3,066
Likes: 0
Received 0 Likes
on
0 Posts
St. Jude Donor '06
It absolutely won't work as an investment unless he can immediately flip the car for $10 or $20k more than he just paid for it. Otherwise he's crazy if he thinks the car is going to be worth $2-300k in a year or two (or even 10 years for that matter)
Cars are very rarely good investments, especially when you factor in the cost of insuring them and the cost of storage (if you're storing it somewhere other than at home) You'd be better off with a good equity based mutual fund that averages you 8-10% a year in interest. Not many cars are going to give you that kind of return on your investment.
Cars are very rarely good investments, especially when you factor in the cost of insuring them and the cost of storage (if you're storing it somewhere other than at home) You'd be better off with a good equity based mutual fund that averages you 8-10% a year in interest. Not many cars are going to give you that kind of return on your investment.
07-15-2009, 07:43 PM
#17
Race Director
I thought about keeping mine low, but said the hell with it and started driving it more. I have an 04 CE coupe w/ 19k, still low but I'm working on it. I've seen a lot lower though. Someone posted a link not too long ago about a guy who was selling a late 70's Trans Am with less than 100 miles on it.
07-15-2009, 07:47 PM
#18
Drifting
It absolutely won't work as an investment unless he can immediately flip the car for $10 or $20k more than he just paid for it. Otherwise he's crazy if he thinks the car is going to be worth $2-300k in a year or two (or even 10 years for that matter)
Cars are very rarely good investments, especially when you factor in the cost of insuring them and the cost of storage (if you're storing it somewhere other than at home) You'd be better off with a good equity based mutual fund that averages you 8-10% a year in interest. Not many cars are going to give you that kind of return on your investment.
Cars are very rarely good investments, especially when you factor in the cost of insuring them and the cost of storage (if you're storing it somewhere other than at home) You'd be better off with a good equity based mutual fund that averages you 8-10% a year in interest. Not many cars are going to give you that kind of return on your investment.
That is a bad investment on the new ZR1 . Is he an investment banker?
Vettes are ment to be driven. I just don't get people who buy a vette and only drive it 1,000 miles or less a year.
07-15-2009, 09:39 PM
#20
Melting Slicks
My 2004, arctic white Vette has a whopping 6,291 miles on her......She is a fair weather Sunday car....She has only seen rain once since I've had her!! I think the wipers are still original.