I am in the market for a Vette, a question.
#22
I am having another midlife crisis as 47 arrives in august and ive got Corvette fever. I found a 2002 conv. fully loaded with less than 10,000 miles, 1 owner, an older gentleman. Its the exact same color combination as my 93 mustang 5.0 conv(which just turned to 27,000 miles), i could call them "the twins" or "the brothers from another mother". Its about a 4 hour drive away and he is asking $24,900. I have been eyeballing Corvettes for about a year now, and that sounds like a good deal to me, but i defer to the experts, so what do you think? I havent seen it yet, but assuming its flawless, is it a good buy at that price? Thanks!!
#23
Race Director
Member Since: Mar 2006
Location: Everywhere and Nowhere at all
Posts: 15,357
Received 1,679 Likes
on
1,135 Posts
Only YOU know what you like and what you are willing to pay... for me, that is too high. I am one of those non haggle, this is what i am willing to do negotiators. It has ALWAYS worked for me. Offer him $22.... See if he will counter for $23... go to your bank and grab a wad of "good faith" money for him to hold the car once a deal is negotiated. Good luck w purchase... I too am 47... Have 3 vehicles... C5Z, Firehawk, Avalanche Z71...
#25
Drifting
I've find the same thing on other car forums. Most will always say the price is too high...unless they are selling.
Someone recently asked about a 98 Vert with miles in the 60s. I did a search on ebay and checked finished listings. Real low mile 98s (30K or less) were fetching around 20 grand. I would have to think one 4 years newer with 10k on it would be worth a few thou more. Thousand a year??
#26
Melting Slicks
I've find the same thing on other car forums. Most will always say the price is too high...unless they are selling.
Someone recently asked about a 98 Vert with miles in the 60s. I did a search on ebay and checked finished listings. Real low mile 98s (30K or less) were fetching around 20 grand. I would have to think one 4 years newer with 10k on it would be worth a few thou more. Thousand a year??
Just sayin'.................
DSTURBD
#27
Pro
Member Since: Apr 2006
Location: Norwalk CT and Boynton Beach FL
Posts: 622
Likes: 0
Received 15 Likes
on
14 Posts
You have to "pay up" for LOW MILAGE, BABIED, CONVERTIBLES that haven't had the **** beat of of them. Get the VIN # and get a printout of all service records from GM on this car. Run a carfax on this car as well. Do this before you make the trip to see it in person. If that checks out fine, then make the trip and see the car in person and go for a 10 -20 minute test drive (highway and bumpy back roads). After your test drive --- pull all diagnostic trouble codes which you can get right off the dash ---- see http://forums.corvetteforum.com/c5-g...bees-only.html
Now you will know excatly what you are dealing with --- and I suspect all will be fine --- but if there are issues, you will know what they are.
Then you can make an offer --- tell the owner you are a serious buyer, you have the cash and you can seal the deal right now. Hopefully, you can get the car for $22K --- and I would walk away and drive around the corner if he won't budge --- but in the end, i would pay the full price if all checks out OK and he won't budge since low milage, convertibles that haven't been beat to death and haven't been mod-ed to the point that they don't run well anymore are hard to come by. With only 10,000 miles on her you are bacically getting a NEW car for a fraction of the price provided everything checks out OK on this car.
Good Luck
Now you will know excatly what you are dealing with --- and I suspect all will be fine --- but if there are issues, you will know what they are.
Then you can make an offer --- tell the owner you are a serious buyer, you have the cash and you can seal the deal right now. Hopefully, you can get the car for $22K --- and I would walk away and drive around the corner if he won't budge --- but in the end, i would pay the full price if all checks out OK and he won't budge since low milage, convertibles that haven't been beat to death and haven't been mod-ed to the point that they don't run well anymore are hard to come by. With only 10,000 miles on her you are bacically getting a NEW car for a fraction of the price provided everything checks out OK on this car.
Good Luck
#28
Before you go to look at it, made an appointment with a car guy near by to do a full inspection on the car. I spent $50.00 for this before I bought my 2004 and I was prepared that if he said one thing that was not right about the car that I would keep looking. Buying on motions can get you in trouble. He blessed the car, I bought it and THEN yelled whooooheeee!
#29
Melting Slicks
I also have another test I use on a pricepoint. What else is out there for this much money that I would rather have, be happier with ect.? For what I paid for my FRC, there still isn't a car/vehicle I would rather have after a year and a half or ownership.
#30
Instructor
Member Since: Nov 2011
Location: Swanton Ohio
Posts: 118
Likes: 0
Received 0 Likes
on
0 Posts
A good piece of advice I heard from an old Vette Head "what are you planning to do with it?" The trouble with the real low mile cars is that you are reluctant to put many miles on them and 'ruin' the reason you bought it. If you want to do cross country trips you are spending a bunch of money needlessly (sort of). You would be better off finding a few more miles for a lot less $. But if you put on 1-2K a year this would be a great car for you.
So I got one with 20K thinking I would use it a lot. Fortunately or unfortunately I have entered the car in 2 shows and won! Two weeks ago I won best C5 so now I want to keep it like it is and I don't get it out.
I don't think the price is that high for that car assuming nothing is amiss. I found a similar car to mine in FL for less money, but then I would have to fly or rent to get down there to look at it. So I spent a bit more and bought it close buy from a guy in the local club so I could check out the car and the guy real easy.
Look at a few before you pull the trigger, but they are just a blast to own!!!
Good Luck
So I got one with 20K thinking I would use it a lot. Fortunately or unfortunately I have entered the car in 2 shows and won! Two weeks ago I won best C5 so now I want to keep it like it is and I don't get it out.
I don't think the price is that high for that car assuming nothing is amiss. I found a similar car to mine in FL for less money, but then I would have to fly or rent to get down there to look at it. So I spent a bit more and bought it close buy from a guy in the local club so I could check out the car and the guy real easy.
Look at a few before you pull the trigger, but they are just a blast to own!!!
Good Luck
#31
Based on ur orig post (93 fox body) I would say ur similar to me and plan to keep the car for the long haul. In which case price is not the only factor (will balance out over time). With that in mind and IF it's what ur looking for I would offer th 23K cash to come get it (based of course on it being as advertised).
Heck, there may even be a knowledgeable person from here that is close by and willing to go look with u (hint hint). I'm sure u will find as I have these folks are the best.
Heck, there may even be a knowledgeable person from here that is close by and willing to go look with u (hint hint). I'm sure u will find as I have these folks are the best.
#32
Melting Slicks
Member Since: Feb 2009
Location: Fairfax Virginia
Posts: 3,430
Likes: 0
Received 24 Likes
on
17 Posts
The price is really very reasonable, Go do a search and see what cars you can find with similar mileage for under 25K. They are very few and far between. I'll take a garage queen over a daily drive every day of the week. Everyone likes to think that they are best negotiator, I understand that. But the lowest price car is very rarely, if ever, the best buy.
#33
Advanced
Just thought I would chime in I just bought a 99 coupe for a price that I am sure many on this forum would think I paid too much for. I am very happy with it so far. Like some have said its only worth what you are comfortable paying for it. I love my C5 so far and have no regrets. These cars are one he--va lot of fun.
#34
Pro
Last fall I bought a Flawless 02 4,000 mi vert. Always stored in climate control garage whole life. Stock except Granatelli SS exhaust. Cover, GM Bra, Cleartastic. Trailered it home 800 mi. from NY. for 25k.
#35
Team Owner
I just bought a 98 conv, 82K miles but super clean cosmetically. Had 77.5K in first 3 years, changed owners and got 48xx since. Been in it's own building, looks like new inside and out. Has had some problems related to electrical and a/c. Paid $13,200 for it. Got 2 sets of wheels, all original parts + some items already installed, including a rather nice stereo. Got about $1000 in fixing it so far and it's within probably $400 of being a 14 yr old brand new car. I have done the work myself mostly, with the exception of recharging the a/c.
I consider it to have been a 'fair' deal. It needed work, I was willing to do it. It was less than the local market value. But, in my experience of purchases like this, it's nice to wait for a 'steal' rather than a 'deal'. They are out there.
That one is low miles, and probably really nice. For $25K, I'd be looking for a C6.
------EDIT------
That said, my rule of thumb is this.
If you buy something and you are happy with it, it was a good deal.
If you buy something and you are not happy with it, no matter what price, it was not a good deal.
I consider it to have been a 'fair' deal. It needed work, I was willing to do it. It was less than the local market value. But, in my experience of purchases like this, it's nice to wait for a 'steal' rather than a 'deal'. They are out there.
That one is low miles, and probably really nice. For $25K, I'd be looking for a C6.
------EDIT------
That said, my rule of thumb is this.
If you buy something and you are happy with it, it was a good deal.
If you buy something and you are not happy with it, no matter what price, it was not a good deal.
#36
Pro
Member Since: Jan 2011
Location: page lake powell az
Posts: 552
Likes: 0
Received 0 Likes
on
0 Posts
The price is fair. Do what you want, because no matter what c5 you get other peoples opinions won't matter in the end, unless one of the nay sayers is gifting it to you!!!!
#38
Drifting
I drove 300 miles with a trailer to get my car, and didn't even look at it first. I don't regret it one bit.
Is it 6 speed or automatic? 6 speed convertibles are very hard to come by, and usually come with a little added cost. For a 6 speed, I would ****** that up because you probably won't find another one in that condition in the color you want anytime soon. For an automatic, I think 23,000 in cash in front of this face would make a sale.
Is it 6 speed or automatic? 6 speed convertibles are very hard to come by, and usually come with a little added cost. For a 6 speed, I would ****** that up because you probably won't find another one in that condition in the color you want anytime soon. For an automatic, I think 23,000 in cash in front of this face would make a sale.