Trying to get an idea of realistic price for an 86.

1986 Vert, 9k original miles, 4+3, Silver with black top/black interior. Original Owner car- all doc's. Looking for a realistic price. I know it is hard to say without pics, but car is exceptional.

Thanks in advance,

Eric

 

Then you can be prepared to pay an "exceptional price" also. Hate to put it so bluntly but if you find an unusual car you have to be prepared to pay the "long buck".. I'm sure the boys at Barrets are NOT using an NADA guide when buying classics..they're going by their guts and desire to own a piece of auto history.This is NOT an everyday type of car and you can NOT expect to have an everyday price put on it.........Like asking "What does a blue suit cost"?...depends who's name is on the label and how much you really want it..............Good Luck..............

 

The low mileage puts it above average But I would pay about 8k

 

To clarify I am not buying- just trying to help a relative price it for sale at a realistic asking price and do not have a feel for what prices the early C4's command.

Thanks.

 

It would be a LONG SHOT that you would ever own it for that..........I'd present that offer via mail .........NOT in person........

 

And put it back on the market for how much?

 

I used to sell real estate. If a person wanted to know what to price their house at we would do a Comparative Market Analysis. We had access to the selling price of similar homes along with the prices of current listings and those that had been on the market and had not sold.
As a car seller it is almost impossible to find out what previous cars sold for but it is possible to find out what is currently on the market.
There are several internet sites where you can price Corvette convertibles and most of them list the miles. I would compare the asking price on 86 - 89 Corvette convertibles and then price your relative's to compete with them.
A real plus to any buyer will be a comprehensive maintenance record.
I also recommend waiting till Spring to sell as prices usually rise then and that is when the buyers come out.
Have they considered the Mecum auction at Bloomington Gold? It is an excellent place to sell a cream puff Corvette.
Having said all that my best "guestimate" is that it should be priced above $10,000. Your market analysis will guide you as to how much higher they should go.
I have recent knowledge of one similar to this one but in the 50,000 mile range. It sold for $10,000 and both the buyer and seller were very satisfied with the price.

 

Thank you- I noticed asking prices are all over the place for the early
C4's and this helps.

 

9K is awfully low mileage for that old of a car. And, I'm sure you know it. What you may not know is that less than 1K miles/yr can be a detriment. For collection, it has some value. To become a daily driver, not as much. For a daily driver, it will show leaks & age somewhat more quickly than a new car with that mileage. Records and storage techniques mean alot.

I'd bet a sale of $11-12,500 tops. (Mayber higher for the right collector). I paid $14K for a 14K mile 89 COUPE in 99. And, I think it was the right price. Verts are supposed to be worth more but C4's are still generally depreciating -- even without being driven. So you need to subract 7yrs from that $14K price and add for the vert. See if RogersCorvettes has any similar listings. They would represent the upper limits of retail.

Pluses, 86's are better than 84's/85's because of motor/suspension improvements. Also, I think it's the first year for reintroducing the vert. Also, any 9K mile vette that's been taken care of is worth some dough. Silver can be a good color for resale.

Minuses, I don't think anyone is really impressed by the 4+3 manual even though it is a stick. Silver can be a bad color for age/thinning.

Finally, their are collector car value books that you can find in the library. When I bought mine, it allowed for a sale/loan value up to $20K. That was for a highly polished/maintained trailer queen. So, there are a lot of variables in that kind of car. If your relative really WANTS that age/style/color of a convertible vette, encourage them to be generous. Early C4s in that condition are RARE. If they want it as some kind of investment for resale, tell them to stay under $10K if possible. It's not worth as much if they don't really want THE CAR.

Gregg

 

KBB has a classic collector car blue book.
Also try www.hemmings.com
Whats it worth? Its really hard to say. The only thing that it has going for it is the miles.

 

Here is something to compare it to but once again it is ASKING price.
http://forums.corvetteforum.com/show....php?t=1595628

 

That's exceptionally low mileage. I'd say they will get $15K or better from the right buyer who wants that kind of Corvette. There will have to be a load of documentation available to get top dollar. As far as a driver, every mile you put on it will be the most expensive you've ever driven. The value of the car is the mileage and, presumably, it's as-new condition. You can bet that the majority of those miles were put on the car during the first year or two, so it's probably been sitting for nearly 20 years. I'd love to have one if I had the money, time and inclination to trailer it to shows. Twenty years from now, an original, 10K mile, Corvette convertible might be worth $50k. You could do better investing in the right stocks.

 

Use NADA not KBB numbers and include the milage adder with retail price. I WOULD NOT pay more than that. No matter how good it looks a 21 year old car will have issues that will cost you $$$. Good Luck!

Average retail $13,125

 

I know how hard it is to price a vette, one thing we need to remember is where we live because values differ from one area to another...but with a car with that mileage (low) I'd be more inclined to market it via the internet than locally.

 

Thanks for the input. This has been helpful.