EARL99208

I've been scouring the internet for my introduction into Corvette ownership.
Is a 2006 convertible 2lt with around 78k on the odometer and a asking price of $24k a good buy?

Do I need to steer away from higher mileage C6's?


Thanks you

RJRSW

A 2lt 2006 convert was the base convert with no upgrades and with 78k miles that would be the very top dollar even if it is in very nice condition with new tires and has a clean title and accident history. I only buy loaded converts but I would be looking closer to $20k even if I was going to make an offer.

That would be a decent buy if it was a loaded 3lt with power top, nav and HUD. Most convert buyers are looking for very loaded, low mile automatics so a base convert can be tough to find a buyer for.

I have owned around 25 vettes and have found that the buying price for a 2,500 mile one only runs a grand or two more than one with 25,000 miles so it is well worth the few extra dollars for the low miles.

ccrvtt

What about a 2005 roadster w/ lots of options and LOTS of miles -170,000? Only two of the tires match. Dealer is asking $15,500, would sell for $14,500. Too scary? Better deals elsewhere?

onestockvette

Maybe 7 thousand. I would not even open that ad. If its too much i would look for a mustang until u have enough cSh to support the car. othereise u will be paying much more for maintenance and u will end up upside down on the car

vertigogo

I agree that that price seems high for the mileage. As a general rule, subtract $1000 for each 10,000 miles on the car.

I'm thinking of selling my 2005 silver/red convertible, which has M6, Z51, 3LT, power top, Bose, etc. (pretty much everything except navigation), and has only 16k miles. I hope to get between $29,000 and $30,000. So if you use the above rule, you would subtract $6000 for the mileage, and then subtract for the lack of options (the HUD alone is worth a lot to me, for example), which brings you down to a price considerably below $24k.

The C6 is a well built car, and if driven and maintained properly, it should last for at least 150,000 miles before needing major work. Of course, it's important to know who owned the car and how it was cared for. You usually get a sense of that talking to the owner.

EARL99208

I misspoke earlier.....the car is a 3lt model. It does have a power top and memory seats as well as Bose stereo. No Nav or Hud.

I kinda thought things seemed a little high in the asking price.

vertigogo

I could be wrong, but I think 3LT always included the head-up display, so if you don't have that feature, you probably don't have 3LT.

EARL99208

I'll have to check and ask the seller about the HUD. IT never has been mentioned before between us.

pewter99

78K on a 2006 (9year car) is NOT high miles.....thats an avg of 8600 miles per year

EARL99208

I've yet to drive it, but from the pictures I've seen it looks like it was well cared for.
If I decide to buy it and negotiate a price than I'll of course I'll drive it and be able to make a more informed decision.

vertigogo

If you have photos of the car, look for the HUD on the dashboard in front of the steering wheel. It's very obvious.

True, but you are speaking relatively (mileage versus age), whereas I think the OP was speaking absolutely (just mileage). 78k isn't really high, but it's starting to get there, and especially with a car like the Corvette that may have been driven hard, mileage can be more important than in grocery-getters. Again, it all depends on the individual car's history.

EARL99208

Just checked photos....it definitely has HUD.

vertigogo

If it has 3LT and the other options you mentioned, that does add value. But pricing a used car isn't a science. It's much more emotional. If you really love it (the colors, etc.), and you can afford it, then buy it. Of course, there are a lot of C6s out there, so another good one will always come along...

buckmeister2

Quote:

Originally Posted by vertigogo

I agree that that price seems high for the mileage. As a general rule, subtract $1000 for each 10,000 miles on the car.

I'm thinking of selling my 2005 silver/red convertible, which has M6, Z51, 3LT, power top, Bose, etc. (pretty much everything except navigation), and has only 16k miles. I hope to get between $29,000 and $30,000. So if you use the above rule, you would subtract $6000 for the mileage, and then subtract for the lack of options (the HUD alone is worth a lot to me, for example), which brings you down to a price considerably below $24k.

I'm trying to make sense of your comment about subtracting $1000 per 10,000 miles. What are you subtracting it from? KBB? NADA? MOO? All price guides already subtract cost of standard miles for listed vehicles. What are you subtracting the dollars from? If you are using "My Own Opinion", there is no basis for your formula.

pewter99

yep....

my 99 with 150k on it is in better shape than many cars I have seen with 30K

vertigogo

I was using it in reference to comparing two cars. Everything else being equal, that formula will generally apply. Take two C6s that are identical, except that one has 40k miles and the other 70k. The former will tend to sell for about $3000 more than the latter. And it is not my own opinion; it is fairly common and I have seen it mentioned several times on this forum. Naturally, it's just a rule of thumb, but you might be surprised how close it often is.

EARL99208

I've decided to hold off on getting this one. So the search continues.

TheMTazzi

yeah thats a little much, i just bought an 06 f55 with 43k on it and it is fully loaded for 25 non vert,. 24 with 78k should be about 2-3 grand cheaper atleast with what i have researched.

EARL99208

The more I dove into things the more questions I had and things just didn't seem right....besides the price was not going to be lowered at all.

TMU

Have started thinking about a C6 myself and noticed this one last week. Seemed like a nice car for under $25k with only 26k miles.
http://www.ebay.com/itm/2006-Chevrolet-Corvette-/171900113276?forcerrptr=true&hash=item28060b917c&item=171900113276&nma=true&si=MkJRDK9Yy8pj9icV6I8DFZdJzV8%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557