Price Question
03-04-2015, 12:41 AM
#1
Pro
Thread Starter
Price Question
Hi Guys,
I've been looking at getting a new C7 but I might have an opportunity to buy back my 2010 grand sport from the guy I sold it to in Canada. He asked me what I'd be willing to pay and really liking the guy I would be willing to pay the top of blue book.
My question is this. Nada, Kelly blue book, and the Canadian black book, all value the 2010 3lt, dual roof, fully loaded car at about 33k. That seems about right for a 5 year old car. I'm looking through the forsale section of C6's and I'm seeing guys ask for 50-38k. I don't want to rip my Canadian friend off, but I'd have a hard time buying a car 5 years older that I sold to him for 48k.
What are realistic prices here?
I've been looking at getting a new C7 but I might have an opportunity to buy back my 2010 grand sport from the guy I sold it to in Canada. He asked me what I'd be willing to pay and really liking the guy I would be willing to pay the top of blue book.
My question is this. Nada, Kelly blue book, and the Canadian black book, all value the 2010 3lt, dual roof, fully loaded car at about 33k. That seems about right for a 5 year old car. I'm looking through the forsale section of C6's and I'm seeing guys ask for 50-38k. I don't want to rip my Canadian friend off, but I'd have a hard time buying a car 5 years older that I sold to him for 48k.
What are realistic prices here?
03-04-2015, 07:20 AM
#2
Team Owner
Member Since: Jun 2005
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St. Jude Donor '15
"In honor of jpee"
Don't know. Is he on CF? If so, (is that figure right: 50-38K you wrote?), talk to him about it. Go over the numbers from various other sources incl. the ones you've already used and CF's. If he's stand up and knowledgeable, he'll know that CF members sometimes ask high prices because their cars are not average in care, upkeep or use. I think you'll come to an agreement.
Gotta say tho, I can't think of a comparably-equipped '10 that's worth $50K if that's a correct number you're quoting.
Gotta say tho, I can't think of a comparably-equipped '10 that's worth $50K if that's a correct number you're quoting.
03-04-2015, 07:21 AM
#3
Melting Slicks
That is because Corvette owners think their car is worth more than it really is.
Dealers ask as much as they possibly think they can get away with.
KBB and NADA is what I go by when I am shopping.
If someone is selling a car, they know what the realistic price is even if that is not what they are asking.
You should reconsider the C7.
Dealers ask as much as they possibly think they can get away with.
KBB and NADA is what I go by when I am shopping.
If someone is selling a car, they know what the realistic price is even if that is not what they are asking.
You should reconsider the C7.
03-04-2015, 07:58 AM
#4
Race Director
first of all, i'd be looking to buy a newer model g.s. if your looking to go back to the g.s. instead of the c-7. from what i hear the 012 and 013 g.s. has a little bit of a better upgrade than your old one. there are so many beautiful 012's and 013's out there for sale to choose from with very low miles on the clock. me, i would find it rather difficult to go from a g.s. to a c-7 due to the fact i doubt GM will make a c-7 g.s. i could be wrong but i don't think the c-7 would look good in a wide body. jmo
03-04-2015, 08:05 AM
#5
Le Mans Master
I'm sorry OP, don't mean to be snarky, but this is another one of those threads I'll never understand.
You sell your car to someone, then you want it back, but you may want to buy a C7, or maybe you don't.
You want the C6, and apparently feel you never should have sold it.
You want to pay top book price, because you really like the guy you sold it too, and now want to buy it back from.
Now you start a thread asking what YOU should do, to satisfy YOUR needs, and YOUR conscience.
You need to make these decisions that are best for YOU, what does it matter what anyone else thinks?
You sell your car to someone, then you want it back, but you may want to buy a C7, or maybe you don't.
You want the C6, and apparently feel you never should have sold it.
You want to pay top book price, because you really like the guy you sold it too, and now want to buy it back from.
Now you start a thread asking what YOU should do, to satisfy YOUR needs, and YOUR conscience.
You need to make these decisions that are best for YOU, what does it matter what anyone else thinks?
03-04-2015, 08:12 AM
#7
I guess you really loved your old car! I have loved cars I have owned in the past but I honestly would never consider buying back a car I have owned. I like the idea of getting something different it's kind of like been there done that.
As for the price people can ask whatever they want the only numbers that matter is what they actually get and that is what Kelly blue book is about. I bought an 09' base 1lt the dealer was asking 38k I paid 32k big difference!
Best of luck with whatever you decide.
As for the price people can ask whatever they want the only numbers that matter is what they actually get and that is what Kelly blue book is about. I bought an 09' base 1lt the dealer was asking 38k I paid 32k big difference!
Best of luck with whatever you decide.
Last edited by Davids65; 03-04-2015 at 08:16 AM.
03-04-2015, 08:18 AM
#8
Race Car Tech
Here's the thing. How long ago did you sell the car to the guy?
The reason I ask, is that 2-3 months ago, the Canadian $$ compared to the US dollar was much better than it is today.
In December, the Canadian $$ was 0.87 to 1 US dollar.
Today. it is hovering around .080 to 1 US dollar.
If you pay him the same as you sold it in US dollars, then he will profit approx. 10% over what he paid to you.
offer him approx. 10% less than what you sold it to him for, and he will not lose any money.
The reason I ask, is that 2-3 months ago, the Canadian $$ compared to the US dollar was much better than it is today.
In December, the Canadian $$ was 0.87 to 1 US dollar.
Today. it is hovering around .080 to 1 US dollar.
If you pay him the same as you sold it in US dollars, then he will profit approx. 10% over what he paid to you.
offer him approx. 10% less than what you sold it to him for, and he will not lose any money.
03-04-2015, 11:01 AM
#10
Le Mans Master
MIKEERWNC is correct, don't look to this forum's for sale section as a reference to what you're buddy's car is worth/offering price. People on here especially GS owners think their cars are worth as much as ZO6's. KBB and the other resources seem to have it right when it comes to pricing. They value the car for what it is. A base with fancy wheels and a wide body kit. I love GS's, so please get over my opinion if you take offense to it. What did you sell him the car for?
03-04-2015, 02:05 PM
#11
Race Director
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I'm sorry OP, don't mean to be snarky, but this is another one of those threads I'll never understand.
You sell your car to someone, then you want it back, but you may want to buy a C7, or maybe you don't.
You want the C6, and apparently feel you never should have sold it.
You want to pay top book price, because you really like the guy you sold it too, and now want to buy it back from.
Now you start a thread asking what YOU should do, to satisfy YOUR needs, and YOUR conscience.
You need to make these decisions that are best for YOU, what does it matter what anyone else thinks?
You sell your car to someone, then you want it back, but you may want to buy a C7, or maybe you don't.
You want the C6, and apparently feel you never should have sold it.
You want to pay top book price, because you really like the guy you sold it too, and now want to buy it back from.
Now you start a thread asking what YOU should do, to satisfy YOUR needs, and YOUR conscience.
You need to make these decisions that are best for YOU, what does it matter what anyone else thinks?
And I guess I DO mean to be snarky...grow a set and make a decision!
I have decided this will be the last time I click on a "what should I buy/how much is it worth" thread...
And whom do I see to get my click back???
03-04-2015, 02:21 PM
#12
Race Director
03-04-2015, 03:22 PM
#13
Pro
Thread Starter
Thanks guys for the feedback. I figured it was the forum over valuing their cars. I'll go off of nada and kbb.
As for why would I buy my old car back, that's a really good question.
I'm sure I could dig the threads up i posted about the car originally in 2010 but here's the short of it.
I custom ordered the car in 2010 through Macmulkin, did museum delivery with my father, and drove the car back to CO with him. Those memories alone would be enough for me to say the car has meaning.
Now to the question everyone is asking, "why did you sell it in the first place?" Great question. Look to my ex wife for this one. She came to me and told me that she wanted to go to grad school. She said the money I was putting into the car could pay for her to go to school. I wanted to keep the wife happy and after much discussion I told her I would sell it if it made her happy.
That was stupid.
4 months after I sold it I found out she was having an affair. Tried to make it work, didn't work out. Now I'm down a vet and a wife. I should have kept the car. So I would buy it again because it not only was a great experience but it signified a time of success in my life work wise and I also feel like I have an opportunity to correct the wrong that I made in the first place by not looking out for myself.
I love the c7 but this car and I have history. I think this would be one that I would never sell. I did end up buying a 2012 a few years ago but it wasn't the same as my 2010. Also the only differences for me were my 2010 being a 3lt and the 2012 being a 2lt with a USB port, and the ability to manually shift in drive as well as manual mode. Other than that it was hard to tell a 2010 to a 2012.
As for the *****, new girlfriend has them on a shelf in her closet. She can keep them too
Again, thanks for the feedback on the pricing.
As for why would I buy my old car back, that's a really good question.
I'm sure I could dig the threads up i posted about the car originally in 2010 but here's the short of it.
I custom ordered the car in 2010 through Macmulkin, did museum delivery with my father, and drove the car back to CO with him. Those memories alone would be enough for me to say the car has meaning.
Now to the question everyone is asking, "why did you sell it in the first place?" Great question. Look to my ex wife for this one. She came to me and told me that she wanted to go to grad school. She said the money I was putting into the car could pay for her to go to school. I wanted to keep the wife happy and after much discussion I told her I would sell it if it made her happy.
That was stupid.
4 months after I sold it I found out she was having an affair. Tried to make it work, didn't work out. Now I'm down a vet and a wife. I should have kept the car. So I would buy it again because it not only was a great experience but it signified a time of success in my life work wise and I also feel like I have an opportunity to correct the wrong that I made in the first place by not looking out for myself.
I love the c7 but this car and I have history. I think this would be one that I would never sell. I did end up buying a 2012 a few years ago but it wasn't the same as my 2010. Also the only differences for me were my 2010 being a 3lt and the 2012 being a 2lt with a USB port, and the ability to manually shift in drive as well as manual mode. Other than that it was hard to tell a 2010 to a 2012.
As for the *****, new girlfriend has them on a shelf in her closet. She can keep them too
Again, thanks for the feedback on the pricing.
03-04-2015, 04:30 PM
#14
Le Mans Master
Thanks guys for the feedback. I figured it was the forum over valuing their cars. I'll go off of nada and kbb.
As for why would I buy my old car back, that's a really good question.
I'm sure I could dig the threads up i posted about the car originally in 2010 but here's the short of it.
I custom ordered the car in 2010 through Macmulkin, did museum delivery with my father, and drove the car back to CO with him. Those memories alone would be enough for me to say the car has meaning.
Now to the question everyone is asking, "why did you sell it in the first place?" Great question. Look to my ex wife for this one. She came to me and told me that she wanted to go to grad school. She said the money I was putting into the car could pay for her to go to school. I wanted to keep the wife happy and after much discussion I told her I would sell it if it made her happy.
That was stupid.
4 months after I sold it I found out she was having an affair. Tried to make it work, didn't work out. Now I'm down a vet and a wife. I should have kept the car. So I would buy it again because it not only was a great experience but it signified a time of success in my life work wise and I also feel like I have an opportunity to correct the wrong that I made in the first place by not looking out for myself.
I love the c7 but this car and I have history. I think this would be one that I would never sell. I did end up buying a 2012 a few years ago but it wasn't the same as my 2010. Also the only differences for me were my 2010 being a 3lt and the 2012 being a 2lt with a USB port, and the ability to manually shift in drive as well as manual mode. Other than that it was hard to tell a 2010 to a 2012.
As for the *****, new girlfriend has them on a shelf in her closet. She can keep them too
Again, thanks for the feedback on the pricing.
As for why would I buy my old car back, that's a really good question.
I'm sure I could dig the threads up i posted about the car originally in 2010 but here's the short of it.
I custom ordered the car in 2010 through Macmulkin, did museum delivery with my father, and drove the car back to CO with him. Those memories alone would be enough for me to say the car has meaning.
Now to the question everyone is asking, "why did you sell it in the first place?" Great question. Look to my ex wife for this one. She came to me and told me that she wanted to go to grad school. She said the money I was putting into the car could pay for her to go to school. I wanted to keep the wife happy and after much discussion I told her I would sell it if it made her happy.
That was stupid.
4 months after I sold it I found out she was having an affair. Tried to make it work, didn't work out. Now I'm down a vet and a wife. I should have kept the car. So I would buy it again because it not only was a great experience but it signified a time of success in my life work wise and I also feel like I have an opportunity to correct the wrong that I made in the first place by not looking out for myself.
I love the c7 but this car and I have history. I think this would be one that I would never sell. I did end up buying a 2012 a few years ago but it wasn't the same as my 2010. Also the only differences for me were my 2010 being a 3lt and the 2012 being a 2lt with a USB port, and the ability to manually shift in drive as well as manual mode. Other than that it was hard to tell a 2010 to a 2012.
As for the *****, new girlfriend has them on a shelf in her closet. She can keep them too
Again, thanks for the feedback on the pricing.
That car apparently, because of your dad's involvement etc., has some serious sentimental value, including the erasing of your ex-wife's existance.
Seems to me if the car means that much, then money doesn't enter into the equation.
If I were you, I'd pay what ever it took to get that car back.
As long as I could afford it, what difference how much or little it costs?
It's all about the sentimental value, not the cash.
03-04-2015, 04:42 PM
#15
Race Director
the reason i sold my 67 was to get married, it lasted 9 months.
now i'm 25 years into my 2nd marriage, and i still have my vette.
if i could only talk her into letting me get a GS.
now i'm 25 years into my 2nd marriage, and i still have my vette. if i could only talk her into letting me get a GS.
03-04-2015, 04:42 PM
#16
Le Mans Master
Thanks guys for the feedback. I figured it was the forum over valuing their cars. I'll go off of nada and kbb.
As for why would I buy my old car back, that's a really good question.
I'm sure I could dig the threads up i posted about the car originally in 2010 but here's the short of it.
I custom ordered the car in 2010 through Macmulkin, did museum delivery with my father, and drove the car back to CO with him. Those memories alone would be enough for me to say the car has meaning.
Now to the question everyone is asking, "why did you sell it in the first place?" Great question. Look to my ex wife for this one. She came to me and told me that she wanted to go to grad school. She said the money I was putting into the car could pay for her to go to school. I wanted to keep the wife happy and after much discussion I told her I would sell it if it made her happy.
That was stupid.
4 months after I sold it I found out she was having an affair. Tried to make it work, didn't work out. Now I'm down a vet and a wife. I should have kept the car. So I would buy it again because it not only was a great experience but it signified a time of success in my life work wise and I also feel like I have an opportunity to correct the wrong that I made in the first place by not looking out for myself.
I love the c7 but this car and I have history. I think this would be one that I would never sell. I did end up buying a 2012 a few years ago but it wasn't the same as my 2010. Also the only differences for me were my 2010 being a 3lt and the 2012 being a 2lt with a USB port, and the ability to manually shift in drive as well as manual mode. Other than that it was hard to tell a 2010 to a 2012.
As for the *****, new girlfriend has them on a shelf in her closet. She can keep them too
Again, thanks for the feedback on the pricing.
As for why would I buy my old car back, that's a really good question.
I'm sure I could dig the threads up i posted about the car originally in 2010 but here's the short of it.
I custom ordered the car in 2010 through Macmulkin, did museum delivery with my father, and drove the car back to CO with him. Those memories alone would be enough for me to say the car has meaning.
Now to the question everyone is asking, "why did you sell it in the first place?" Great question. Look to my ex wife for this one. She came to me and told me that she wanted to go to grad school. She said the money I was putting into the car could pay for her to go to school. I wanted to keep the wife happy and after much discussion I told her I would sell it if it made her happy.
That was stupid.
4 months after I sold it I found out she was having an affair. Tried to make it work, didn't work out. Now I'm down a vet and a wife. I should have kept the car. So I would buy it again because it not only was a great experience but it signified a time of success in my life work wise and I also feel like I have an opportunity to correct the wrong that I made in the first place by not looking out for myself.
I love the c7 but this car and I have history. I think this would be one that I would never sell. I did end up buying a 2012 a few years ago but it wasn't the same as my 2010. Also the only differences for me were my 2010 being a 3lt and the 2012 being a 2lt with a USB port, and the ability to manually shift in drive as well as manual mode. Other than that it was hard to tell a 2010 to a 2012.
As for the *****, new girlfriend has them on a shelf in her closet. She can keep them too
Again, thanks for the feedback on the pricing.
I'd go by the KBB, NADA, or whatever. You can't pay him as much as you paid him because he's used it for a while. And I'm not sure how it works, but don't forget the difference in Canadian & US dollars. Sounds like they have a bit of inflation going on that we don't.
03-04-2015, 04:43 PM
#17
Le Mans Master
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03-04-2015, 05:27 PM
#18
Pro
Thread Starter
Exactly how I feel! My Dad had an Olds W-31 and he talks about that car as if it were the greatest car ever. I know it's not, but that was his car. A while ago I tried finding his W to surprise him with it. Unfortunately it looks like it was scrapped. I never told him though. I'll let him keep thinking someone else is driving it down the PCH.
03-05-2015, 03:53 PM
#19
Le Mans Master
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Exactly how I feel! My Dad had an Olds W-31 and he talks about that car as if it were the greatest car ever. I know it's not, but that was his car. A while ago I tried finding his W to surprise him with it. Unfortunately it looks like it was scrapped. I never told him though. I'll let him keep thinking someone else is driving it down the PCH.
03-05-2015, 04:25 PM
#20
Maybe it's me but if you love it so much why did you sell it?
I say take pictures of it and buy something else create new memories with new toys. I had a Tonka truck as I kid I loved that truck but then I got a new truck and so on and so on. I love my current car but at some point I will sell it I keep a few pictures and more on.
On the other hand this must have been one heck of a car to want it back!
I say take pictures of it and buy something else create new memories with new toys. I had a Tonka truck as I kid I loved that truck but then I got a new truck and so on and so on. I love my current car but at some point I will sell it I keep a few pictures and more on.
On the other hand this must have been one heck of a car to want it back!