C6 Corvette General Discussion General C6 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

Kelly Bluebook FINALLY giving our low mileage C6's their proper worth.

Thread Tools
 
Search this Thread
 
Old 02-18-2013, 05:47 PM
  #1  
Always Red Dave
Le Mans Master
Thread Starter
 
Always Red Dave's Avatar
 
Member Since: Oct 2005
Location: Plymouth Massachusetts
Posts: 9,475
Received 3,109 Likes on 1,734 Posts
Finalist 2020 C7 of the Year -- Unmodified

Default Kelly Bluebook FINALLY giving our low mileage C6's their proper worth.

Whenever I used kelly bluebook to see what my C6 vette or any other C6 vette was worth trade in or private party I noticed that only a few hundred dollars seperated a low 2-6 thousand mile C6 compared to say a 25-35 thousand mile C6. Well I am glad kelly Bluebook FINALLY got it figured out ,yesterday I plugged in my 2008 vert with 4500 miles and all the options on my car and trade in value VG-EX showed a amount of $36800 when I plugged in the same car with 35000 miles on the clocck $28500 came up as trade in price for the same exact car and options only difference being the mileage. Well I am glad my low mileage C6 is worth $8000 dollars more due to the low mileage discount that KB finally gave corvette owners their due. Our cars are not like other cars when it pertains to mileage difference. Also Kb says they update every 2 weeks now compared to maybe every 6 months as before.

Last edited by Always Red Dave; 02-18-2013 at 06:39 PM.
Old 02-18-2013, 06:02 PM
  #2  
ProfessorDeath
Safety Car
 
ProfessorDeath's Avatar
 
Member Since: Jan 2013
Location: Missouri
Posts: 4,138
Received 165 Likes on 108 Posts
St. Jude Donor '13-'14

Default

I noticed this also. Pretty sweet.
Old 02-18-2013, 06:10 PM
  #3  
Steve2150
Racer
 
Steve2150's Avatar
 
Member Since: Apr 2012
Location: Punta gorda Florida
Posts: 269
Received 8 Likes on 7 Posts
Default

The problem is the dealer hardly ever gives in trade what kbb shows
Old 02-18-2013, 06:17 PM
  #4  
porsche951
Advanced
 
porsche951's Avatar
 
Member Since: Sep 2012
Posts: 74
Likes: 0
Received 1 Like on 1 Post
Default

Originally Posted by Steve2150
The problem is the dealer hardly ever gives in trade what kbb shows
I agree. NADA is a much better indicator of what you should expect. The KBB numbers might make you feel better about your ultra low mileage C6 but if you're not driving it in hopes that it will retain much better value I just don't think it's worth it. Lifes too short, drive the crap out of it.
Old 02-18-2013, 06:22 PM
  #5  
Always Red Dave
Le Mans Master
Thread Starter
 
Always Red Dave's Avatar
 
Member Since: Oct 2005
Location: Plymouth Massachusetts
Posts: 9,475
Received 3,109 Likes on 1,734 Posts
Finalist 2020 C7 of the Year -- Unmodified

Default

Originally Posted by porsche951
I agree. NADA is a much better indicator of what you should expect. The KBB numbers might make you feel better about your ultra low mileage C6 but if you're not driving it in hopes that it will retain much better value I just don't think it's worth it. Lifes too short, drive the crap out of it.
Not driving it to retain a better value but it is still good that kelly bluebook has finally caught on that a ultra low mileage C6 is worth alot more than a higher mileage C6. Just good to know
Old 02-18-2013, 06:24 PM
  #6  
red2012
Safety Car
 
red2012's Avatar
 
Member Since: Dec 2011
Location: New Rochelle N.Y. 2013 Grand Sport
Posts: 3,608
Likes: 0
Received 13 Likes on 11 Posts
Default

If you think your going to get 8k more than the next guy with the same car because of your low mileage your dreaming. The only person who benefits is the next owner.

Last edited by red2012; 02-18-2013 at 06:26 PM.
Old 02-18-2013, 06:31 PM
  #7  
MikeERWNC
Melting Slicks
 
MikeERWNC's Avatar
 
Member Since: Jan 2013
Location: Murphy NC
Posts: 2,576
Received 227 Likes on 162 Posts
Default

You guys keep it up.
In a couple of years I am going to want to buy another.
I like buying from guys who never drive their cars...

Ducati's are the same way.
Pay 20K for a true superbike and never use it.
Old 02-18-2013, 06:39 PM
  #8  
Goatdad
Melting Slicks
 
Goatdad's Avatar
 
Member Since: Feb 2011
Location: Canaveral Groves Florida
Posts: 2,101
Likes: 0
Received 2 Likes on 2 Posts
St. Jude Donor '11-'12-'13
Default

As a buyer I would pay about $2-3k more for the same 08 with 5k miles vs one with 40+k miles. JMHO
Old 02-18-2013, 06:40 PM
  #9  
GARYFINN
Team Owner

 
GARYFINN's Avatar
 
Member Since: Apr 2008
Location: S/W ,Fla-Ohio State Football isn't a matter of life or death,Its Much More serious than that
Posts: 51,040
Received 1,142 Likes on 592 Posts

Default

Originally Posted by red2012
If you think your going to get 8k more than the next guy with the same car because of your low mileage your dreaming. The only person who benefits is the next owner.
Exactly
Old 02-18-2013, 06:42 PM
  #10  
wayback
Team Owner
 
wayback's Avatar
 
Member Since: Aug 2006
Posts: 22,997
Received 2,887 Likes on 1,910 Posts
C6 of Year Finalist (appearance mods) 2019

Default

Don't know why I clicked on this thread....it does not apply to me.
I drive my vette.

Gonna get my monies worth and then some.
Old 02-18-2013, 06:43 PM
  #11  
budgreen3564
Melting Slicks
Support Corvetteforum!
 
budgreen3564's Avatar
 
Member Since: Nov 2007
Location: McKinney, texas DPD Sergeant
Posts: 2,914
Received 238 Likes on 128 Posts

Default

KBB has been unreliable for years.
Old 02-18-2013, 06:53 PM
  #12  
JLMounce
Melting Slicks
 
JLMounce's Avatar
 
Member Since: Jan 2007
Location: Evans Colorado
Posts: 2,633
Likes: 0
Received 1 Like on 1 Post
Default

As stated previously, KBB is rarely used by dealerships. It's private party value is usually pretty high as well, but it's easier to use it with a private sale.

Most dealers use the black book.
Old 02-18-2013, 07:00 PM
  #13  
R&L's C6
Race Director
Support Corvetteforum!
 
R&L's C6's Avatar
 
Member Since: Dec 2010
Posts: 17,887
Received 1,250 Likes on 706 Posts

Default

What book do you look at to get the value of an enjoyable day with friends racking up some miles on your Vette? How much is the "fun" worth to the guy who drove his car that extra 31,500 miles?
Old 02-18-2013, 07:58 PM
  #14  
JKbride
Melting Slicks
Support Corvetteforum!
 
JKbride's Avatar
 
Member Since: Jul 2011
Location: Carrollton GA
Posts: 2,082
Received 58 Likes on 11 Posts
W. GA Events Coordinator
St. Jude Donor '12-'13-'14-'15

Default

No disrespect to a low mile owner, but I will be buying a low mile 427 Vert in a few years.....thanks in advance for not driving my future car
Old 02-18-2013, 08:38 PM
  #15  
MikeERWNC
Melting Slicks
 
MikeERWNC's Avatar
 
Member Since: Jan 2013
Location: Murphy NC
Posts: 2,576
Received 227 Likes on 162 Posts
Default

NADA is the best to go by.
When I go shopping and I know the car I want, I give the VIN to my banker and she tells me what it is worth.
Then I start haggling.

In this market... Cash works great at dealerships.
I have not ever had a car dealer say no when I make a cash offer.
If they haggle above my OTD cash offer, I get up to leave and they always cave.
Old 02-18-2013, 08:51 PM
  #16  
Purdue
Melting Slicks
 
Purdue's Avatar
 
Member Since: Apr 2005
Location: ---Phoenix, AZ --- Boiler Up, Hammer Down!
Posts: 3,216
Likes: 0
Received 1 Like on 1 Post

Default

Originally Posted by Always Red Dave
Whenever I used kelly bluebook to see what my C6 vette or any other C6 vette was worth trade in or private party I noticed that only a few hundred dollars seperated a low 2-6 thousand mile C6 compared to say a 25-35 thousand mile C6. Well I am glad kelly Bluebook FINALLY got it figured out ,yesterday I plugged in my 2008 vert with 4500 miles and all the options on my car and trade in value VG-EX showed a amount of $36800 when I plugged in the same car with 35000 miles on the clocck $28500 came up as trade in price for the same exact car and options only difference being the mileage. Well I am glad my low mileage C6 is worth $8000 dollars more due to the low mileage discount that KB finally gave corvette owners their due. Our cars are not like other cars when it pertains to mileage difference. Also Kb says they update every 2 weeks now compared to maybe every 6 months as before.
Dave, do you ever drive your car? Seems like your car has been stuck on 4500 miles for years.
Old 02-18-2013, 08:53 PM
  #17  
Rogers 07
Drifting
 
Rogers 07's Avatar
 
Member Since: Jun 2008
Location: Jupiter Fl
Posts: 1,746
Received 33 Likes on 15 Posts
Default

How much does it cost you if you have over 105,000 miles, Have driven it in the rain and snow, It actually has some minor chips in the paint, and you changed from Mobile 1 oil to Valvoline Syn power? I'll take the retail hit for the fun of actually driving mine !!! I guarantee, when I sell mine (If I ever do) It will not have single bit of its factory allocated fun factor left in it for any one else to enjoy !! JMHO of course

Get notified of new replies

To Kelly Bluebook FINALLY giving our low mileage C6's their proper worth.

Old 02-18-2013, 09:06 PM
  #18  
Big Lebowski
Le Mans Master
 
Big Lebowski's Avatar
 
Member Since: Apr 2005
Location: West Burbs of Chicago IL
Posts: 6,706
Received 3,987 Likes on 1,675 Posts

Default $8k vs 20,000 miles of smiles?

While I'm glad to hear KBB is acknowledging low miles properly, I have to wonder which is worth more: the $8,000 more dollars your car will be worth when you trade it in or the 20,000 more miles of smiles?

I'd rather spend my time going on road trips and making up meaningless arends to run in my Vette, than worry about what it will be worth WHEN I trade it in. Just my .02
Old 02-18-2013, 09:39 PM
  #19  
porsche951
Advanced
 
porsche951's Avatar
 
Member Since: Sep 2012
Posts: 74
Likes: 0
Received 1 Like on 1 Post
Default

When I traded my Honda S2000 it had 125,000 miles on it all put on by me. I got $8k in trade. If it had only 25,000 miles on it I likely would have gotten $10k in trade. An extra $2,000 bucks for not enjoying it those additional 100,000 miles?
Old 02-18-2013, 09:41 PM
  #20  
alyupe11
Racer
 
alyupe11's Avatar
 
Member Since: Jan 2013
Location: So. Cal.
Posts: 285
Likes: 0
Received 0 Likes on 0 Posts
Default

About time...


Quick Reply: Kelly Bluebook FINALLY giving our low mileage C6's their proper worth.



All times are GMT -4. The time now is 09:51 PM.