C7 General Discussion General C7 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

Is this a good price on a C7?

Thread Tools
 
Search this Thread
 
Old 04-10-2019, 06:36 PM
  #1  
FlyboyZR1
Drifting
Thread Starter
 
FlyboyZR1's Avatar
 
Member Since: Aug 2001
Location: Minneapolis MN
Posts: 1,550
Received 27 Likes on 13 Posts

Default Is this a good price on a C7?

I've been casually looking for a C7 and came across a '16 3LT Z51 7speed with 22k miles. White with black interior and black wheels. It will need new front tires, but the rear tires are newer. It appears to have pretty much every option except for competition seats. A local dealer offer him $41.5k on a trade, and he'd sell it to me for $42.2k privately. Does that seem like a decent price for this car? Anything else to look out for when purchasing used a few years old?

The service history is pretty clean except for an airbag recall, instrument cluster reprogramming w/SPS recall, driver door speaker replaced under warranty, driver instrument display replacement under warranty and a door panel repair. The powertrain warranty is still good for another year.
Old 04-10-2019, 06:46 PM
  #2  
Sub Driver
Banned Scam/Spammer
 
Sub Driver's Avatar
 
Member Since: Aug 2015
Posts: 3,167
Received 3,772 Likes on 1,467 Posts
Default

Do you think it is a good deal? That is the only thing that matters. Compare it to other car prices and decide for yourself.
Old 04-10-2019, 06:50 PM
  #3  
LuisZ51
Burning Brakes
 
LuisZ51's Avatar
 
Member Since: Jan 2019
Location: Lake Placid, FL
Posts: 1,101
Received 404 Likes on 203 Posts
Default

It's a fair deal for sure. I would try to talk him into 42k flat and save the rest for tires.
Old 04-10-2019, 08:07 PM
  #4  
Jeffthunbird
Melting Slicks
 
Jeffthunbird's Avatar
 
Member Since: Dec 2004
Location: Cortez, FL
Posts: 2,712
Received 892 Likes on 439 Posts

Default

Good deal
Old 04-10-2019, 11:04 PM
  #5  
Rapid Fred
Race Director
Support Corvetteforum!
 
Rapid Fred's Avatar
 
Member Since: May 2005
Location: Chadds Ford PA
Posts: 10,092
Received 1,318 Likes on 757 Posts

Default

Definitely a good deal. $1K more than I recently paid for a loaded Laguna Blue '15 2LT M7 Z51 with 20K miles, extended warranty and comp seats. I heard from many sources that I got a very good deal. I think a year newer and 3LT is worth a more on the used market than $1K!

Good luck
Old 04-10-2019, 11:06 PM
  #6  
FlyboyZR1
Drifting
Thread Starter
 
FlyboyZR1's Avatar
 
Member Since: Aug 2001
Location: Minneapolis MN
Posts: 1,550
Received 27 Likes on 13 Posts

Default

Thanks for the replies on this one! The owner just informed me that he had a 5mph "fender bender" and the front bumper and driver's fender were replaced last October. Not sure if a cafax would pull up any accident history or not ... but I might pass on this car because of that. Even though it would probably still be a good deal.
Old 04-10-2019, 11:07 PM
  #7  
Skid Row Joe
Team Owner
 
Skid Row Joe's Avatar
 
Member Since: Sep 2010
Posts: 27,358
Received 4,011 Likes on 2,891 Posts

Default

Sounds high to me. Check GMVIS and Carfax to see if the car's been wrecked. Run it by a Chev. dealer service dept. computer scan to see if any warranty busting mods have been done.




.
Old 04-10-2019, 11:15 PM
  #8  
jimmbbo
Melting Slicks

 
jimmbbo's Avatar
 
Member Since: Dec 2017
Location: Central Commiefornia
Posts: 2,011
Received 950 Likes on 609 Posts
Default

Unsure of your financial situation, but there are still '17s and '18s on the lot at HUGE discounts, with no worries about the car's history and a full factory warranty....
Old 04-11-2019, 03:00 AM
  #9  
Mr Triple Black
Burning Brakes
 
Mr Triple Black's Avatar
 
Member Since: May 2018
Location: Fort Worth, TX
Posts: 984
Received 574 Likes on 310 Posts
Default

I can’t believe he’d go through the trouble of a private sale for $700. For that small of a difference I’d just sell it to the dealer.
Old 04-11-2019, 08:49 AM
  #10  
AceG
Burning Brakes
 
AceG's Avatar
 
Member Since: May 2015
Posts: 883
Received 412 Likes on 206 Posts
Default

Its a good deal IF its clean. Im only comparing to my 1lt offer that i got which is 37k cash and its a year older than yours. Privately i can get 40k.

I personally believe there is something hidden.
Old 04-11-2019, 08:55 AM
  #11  
HorsePower Junkie
Safety Car
 
HorsePower Junkie's Avatar
 
Member Since: Jul 2001
Location: Houston, Texas
Posts: 4,607
Received 485 Likes on 336 Posts
St. Jude Donor '20-'21-'22-'23

Default

Originally Posted by jimmbbo
Unsure of your financial situation, but there are still '17s and '18s on the lot at HUGE discounts, with no worries about the car's history and a full factory warranty....
jimmbbo,

How can these cars be located?


.
Old 04-11-2019, 09:09 AM
  #12  
Kevin A Jones
Race Director
 
Kevin A Jones's Avatar
 
Member Since: Apr 2017
Location: Virginia
Posts: 12,963
Received 11,825 Likes on 5,639 Posts
Default

Have you actually inspected the car? Corvette values have much to do with condition. If immaculate inside and out $42K could be a very good price, however if interior is in poor condition (seats and especially check dash for shrinking/cracking), paint, body seams etc have defects it could only be worth $32K.
Old 04-11-2019, 09:18 AM
  #13  
Vetteman Jack
Administrator

Support Corvetteforum!
 
Vetteman Jack's Avatar
 
Member Since: Mar 2001
Location: In a parallel universe. Currently own 2014 Stingray Coupe.
Posts: 343,445
Received 19,439 Likes on 14,048 Posts
C7 of the Year - Modified Finalist 2021
MO Events Coordinator
St. Jude Co-Organizer
St. Jude Donor '03-'04-'05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16-'17-'18-'19-
'20-'21-'22-'23-'24
NCM Sinkhole Donor
CI 5, 8 & 11 Veteran


Default

It is not a bad deal if the car is mint, all the issues are taken care of and the car checks out OK. But factor in that you will be needed new front tires into your offer if you pursue the car.
Old 04-11-2019, 09:30 AM
  #14  
mksz51
Safety Car
 
mksz51's Avatar
 
Member Since: Dec 2007
Location: Coralville Iowa
Posts: 4,079
Received 156 Likes on 95 Posts

Default

Maybe this does or doesn't help for assessment - I JUST sold a 2014 Z51, 2LT, 7-speed, Torch Red, Adrenaline Red interior in absolutely pristine condition for $44K. I paid $61K in December 2013 (I had a fairly early Z51 car, they were difficult to obtain early on). Again - this car was perfect in every way. I thought $44k was a fair deal for me. Local Chevy dealer bought it and is asking $47,970 for it (which I think is crazy high but maybe not).
Old 04-11-2019, 09:42 AM
  #15  
cv67
Team Owner
 
cv67's Avatar
 
Member Since: Oct 2004
Location: altered state
Posts: 81,242
Received 3,043 Likes on 2,602 Posts
St. Jude Donor '05

Default

5mph took out a fender and a door?
Old 04-11-2019, 12:06 PM
  #16  
FlyboyZR1
Drifting
Thread Starter
 
FlyboyZR1's Avatar
 
Member Since: Aug 2001
Location: Minneapolis MN
Posts: 1,550
Received 27 Likes on 13 Posts

Default

Originally Posted by cuisinartvette
5mph took out a fender and a door?
It was the front bumper and drivers fender ... so must have been more than 5mph for sure.

If anyone can share where to find 2017's and 2018's with zero miles at nice discounts (or under $50k w/2LT and Z51) please let me know!
Old 04-11-2019, 12:57 PM
  #17  
jimmbbo
Melting Slicks

 
jimmbbo's Avatar
 
Member Since: Dec 2017
Location: Central Commiefornia
Posts: 2,011
Received 950 Likes on 609 Posts
Default

Originally Posted by HorsePower Junkie
jimmbbo,
How can these cars be located?.
When I was looking for my C7, I made the search a project where I targeted larger cities' Chevrolet dealer websites that I could get to in a day, either by renting a car or buying an airline ticket. Found the car I wanted (M7 Stingray 2LT WGG) 200 miles away and saved 15% off sticker.

Get notified of new replies

To Is this a good price on a C7?

Old 04-11-2019, 09:13 PM
  #18  
VetteDoc311
Instructor
 
VetteDoc311's Avatar
 
Member Since: Mar 2019
Posts: 119
Received 70 Likes on 32 Posts
Default

Originally Posted by FlyboyZR1
I've been casually looking for a C7 and came across a '16 3LT Z51 7speed with 22k miles. White with black interior and black wheels. It will need new front tires, but the rear tires are newer. It appears to have pretty much every option except for competition seats. A local dealer offer him $41.5k on a trade, and he'd sell it to me for $42.2k privately. Does that seem like a decent price for this car? Anything else to look out for when purchasing used a few years old?

The service history is pretty clean except for an airbag recall, instrument cluster reprogramming w/SPS recall, driver door speaker replaced under warranty, driver instrument display replacement under warranty and a door panel repair. The powertrain warranty is still good for another year.

You can get a brand new C7 1LT at Kerbeck for 47/48. just FYI.
Old 04-11-2019, 11:12 PM
  #19  
Rapid Fred
Race Director
Support Corvetteforum!
 
Rapid Fred's Avatar
 
Member Since: May 2005
Location: Chadds Ford PA
Posts: 10,092
Received 1,318 Likes on 757 Posts

Default

Originally Posted by VetteDoc311
You can get a brand new C7 1LT at Kerbeck for 47/48. just FYI.
Apples and Oranges. He’s looking at nearly $15K more content, for $6K less, at the cost of 20K miles. Was not a difficult choice for me. OP knows what he values...
The following users liked this post:
roadbike56 (04-12-2019)
Old 04-11-2019, 11:18 PM
  #20  
FLAGtr
Intermediate
 
FLAGtr's Avatar
 
Member Since: Jul 2018
Posts: 45
Received 22 Likes on 10 Posts
Default

With the C8 news and price today, go offer him 30k.


Quick Reply: Is this a good price on a C7?



All times are GMT -4. The time now is 07:55 AM.