C5 Prices - HOLY SMOKES!
#41
Instructor
Member Since: Oct 2006
Location: COLUMBIA STATION OHIO
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I've owned 4 C5's. 3 Z's, and 1 FRC. I've also owned a 2013 ZR1. All were under 10,000 miles. I'm aggressively seeking another FRC or a'01 SW Z06. The prices have jumped incredibly just in the past 6 months. I regret selling every one of the cars I've owned. The C5 FRC will always be my preferred Corvette....don't want a C6, C7 or C8. Don't worry...as soon as I buy another C5, prices will drop like a rock, and nobody will want one.
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Iceman60467 (08-25-2021)
#42
Burning Brakes
Nothing is going to normalize, prices may stay high for awhile. Covid is not going away, masks are here to stay. Restaurants, bars, ball games, etc… are a thing of the past. China is going to be on lockdown again or already is. Buy your toilet paper. Drive your vette like you stole it and enjoy it. Don’t keep it nice for the next buyer. I plan on giving mine to my kids when I want another vette. All these high prices are the new normal.
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#43
Nothing is going to normalize, prices may stay high for awhile. Covid is not going away, masks are here to stay. Restaurants, bars, ball games, etc… are a thing of the past. China is going to be on lockdown again or already is. Buy your toilet paper. Drive your vette like you stole it and enjoy it. Don’t keep it nice for the next buyer. I plan on giving mine to my kids when I want another vette. All these high prices are the new normal.
Yes, it is going to normalize, it's taking more time than we'd like, but even Biden will eventually be gone.
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blackmachdown (08-26-2021),
knewblewkorvette (08-18-2021)
#44
Burning Brakes
I've owned 4 C5's. 3 Z's, and 1 FRC. I've also owned a 2013 ZR1. All were under 10,000 miles. I'm aggressively seeking another FRC or a'01 SW Z06. The prices have jumped incredibly just in the past 6 months. I regret selling every one of the cars I've owned. The C5 FRC will always be my preferred Corvette....don't want a C6, C7 or C8. Don't worry...as soon as I buy another C5, prices will drop like a rock, and nobody will want one.
But seriously, I will be putting my 99 FRC up shortly since I put a deposit down on a C8.
#45
Instructor
Not to mention the CPI government stat severely underreports true inflation (which benefits the government from a debt service and COLA increases standpoint). See www.shadowstats.com for true inflation stats.
Inflation is literal theft by government from the people. The Fed should have a 0% inflation target, not 2% CPI (which is really more like 5% actual inflation due to CPI's underreporting).
Inflation is literal theft by government from the people. The Fed should have a 0% inflation target, not 2% CPI (which is really more like 5% actual inflation due to CPI's underreporting).
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fyrdsgn (08-22-2021)
#46
A few years ago I looked for a C5, couldn't find the right one at the time. I've decided recently to consider getting one again, my eyes have sure been opened, I may never get one. Any rumors on when or if the market will normalize? I realize no one has a crystal ball, but what are you guys thinking?
Last edited by grampi50; 08-20-2021 at 04:11 PM.
#47
Nothing is going to normalize, prices may stay high for awhile. Covid is not going away, masks are here to stay. Restaurants, bars, ball games, etc… are a thing of the past. China is going to be on lockdown again or already is. Buy your toilet paper. Drive your vette like you stole it and enjoy it. Don’t keep it nice for the next buyer. I plan on giving mine to my kids when I want another vette. All these high prices are the new normal.
#48
Sadly, it is probably true, at least as far as the masks are concerned. This Delta variant has been around for a couple 3 months now, and due to not enough people being vaccinated, it too will change/mutate soon. It's what viruses do. Don't want to hijack OPs thread, so enough of the virus talk. As for these prices, they will come down before long, especially when a C6 is a better deal, even though I prefer the C5. When that happens, the guy that was asking $30k for a 50,000 mile C5 Z06 and was offered $25k, will wish he took the $25k, instead of telling his buyer to scram......
The following 2 users liked this post by grinder11:
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#49
Melting Slicks
Member Since: Jan 2007
Posts: 2,318
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2022 Corvette of the Year Finalist -- Modified
2021 C5 of the Year Winner - Modified
Here's the 2004 Z06 I bought today with 29,000 miles for $26,500. It has nearly new Forgestar wheels and Nitto tires plus Billy Boat exhaust. It's been lowered. Also, a short throw shifter and LED lights throughout. He threw in the stock wheels and titanium exhaust as well. I couldn't be happier with the car at that price! I think there are still some fair deals to be had as I don't believe the market is as strong as everybody makes it out to be.
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ArmchairArchitect (08-23-2021)
#50
I found what you are referring to. It is within the vin numbers that had some issues. It's not leaking after 15 years, but I'll be happy with the deal still even if I need to fix it at some point.
Last edited by Vegas1969; 08-20-2021 at 08:07 PM.
#52
Here's the 2004 Z06 I bought today with 29,000 miles for $26,500. It has nearly new Forgestar wheels and Nitto tires plus Billy Boat exhaust. It's been lowered. Also, a short throw shifter and LED lights throughout. He threw in the stock wheels and titanium exhaust as well. I couldn't be happier with the car at that price! I think there are still some fair deals to be had as I don't believe the market is as strong as everybody makes it out to be.
#53
Is it possible, that if/when C5 prices "return to normal/stabilize", that owners of clean, lower mileage, well cared for/maintained C5s that want to sell will be reluctant to put them up for sale, creating a thin inventory (compared to the glut we have now at high prices) of that caliber of C5s for those looking to buy ?
#54
I tend to agree. It's getting to the vintage where it's similar to the rise of the Chevy C10 square body. I decided to buy a C5 Z06 by choice, not necessity. I like the rawness, light weight, flip up lights, and it's starting to feel like a bit of a classic to me. It's just a bargain.
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ArmchairArchitect (08-23-2021)
#55
Intermediate
Thread Starter
Like many who have chimed in, I was a C5 lover C6+ hater. But, because of the market (and my desire for another Corvette) I wound up purchasing a car that met my criteria (albeit with the crappy, constantly exposed and clouded headlights - gag). LS3, Atomic Orange, LT3, Z51... OMG, I am so glad I stepped outside of my stubborn, bullshit attitude. And what a deal it was for the performance, comfort and upgrade that you get (stereo aside).
I may yet buy another C5 Z06. It's sophisticated simplicity is was appealed to me the most. But, until then I can't imagine being in any kind of hurry and it will be hard to find a car that appeals to me as much as this surprisingly perky little C6 does.
I may yet buy another C5 Z06. It's sophisticated simplicity is was appealed to me the most. But, until then I can't imagine being in any kind of hurry and it will be hard to find a car that appeals to me as much as this surprisingly perky little C6 does.
Last edited by fyrdsgn; 08-22-2021 at 09:18 PM.
#56
Intermediate
New to me 50th anniversary edition
I sold my C3, 77 L48 documented 49k car and bought a 03 50th anniversary edition with 128k. I'm extremely happy that I got it for 9800. Extremely nice exterior and interior and new tires. Everything works like new. Heads up display and medium spiral gray metallic in color.
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#59
Intermediate
My mistake
I realize that this is not the actual Anniversary edition that is burgundy in color. I just meant it's the 50th anniversary of Corvette. Just wanted to fix this before it turns into a big mess. I'm extremely happy with my purchase and I mispoke.
#60
Safety Car
What rims are those? They are fantastic!