Good Price?
Thread Starter
Instructor
Joined: Jan 2007
Posts: 108
Likes: 0
From: Indianapolis Indiana
Good Price?
To All,
I Am Looking To Be A First Time Corvette Owner, I Have A Chance To Buy A 1993 Torch Red, Coupe, 6 Spd With 14,600 Mi. I Can Pick It Up For $15,000. It Is Pretty Much In Showroom Condition, Except For What You'd Expect For A 14 Yr Old Car. Is This A Good Price? I Appreciate Any Imput.
Thanks, Jim
I Am Looking To Be A First Time Corvette Owner, I Have A Chance To Buy A 1993 Torch Red, Coupe, 6 Spd With 14,600 Mi. I Can Pick It Up For $15,000. It Is Pretty Much In Showroom Condition, Except For What You'd Expect For A 14 Yr Old Car. Is This A Good Price? I Appreciate Any Imput.
Thanks, Jim
Thread Starter
Instructor
Joined: Jan 2007
Posts: 108
Likes: 0
From: Indianapolis Indiana
Kalister,
I tried that, but he won't budge off $15, he wanted $17,500 to start. That's why I was asking for advice, I will be a first time owner and by no means do I know a lot about corvettes. I just know a nice clean car when I see one, which this is. Thanks for the help.
Jim
I tried that, but he won't budge off $15, he wanted $17,500 to start. That's why I was asking for advice, I will be a first time owner and by no means do I know a lot about corvettes. I just know a nice clean car when I see one, which this is. Thanks for the help.
Jim
Pro
Joined: Jun 2006
Posts: 628
Likes: 3
From: Greenville NC
Documentation on MILEAGE....
That is low mileage. Look at the widshield. Is is original? In bright sunlight you can see how much pitting is on the windshield. Is it consistant with a low mileage car? Also look at the gas, brake and clutch pedals. If the carpet is original, there should be little wear in the dead pedal area. I would expect to see inspection receipts for every year to document the mileage. I am always wary of claimed low mileage cars, especially Corvettes. Owner history and DMV records should show mileage when the title was changed.
Thread Starter
Instructor
Joined: Jan 2007
Posts: 108
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From: Indianapolis Indiana
BigDR,
I got a Carfax report which showed the mileage at each owner change (3). The windshield is very clear. The carpet is original and still has the plastic door sill covers stuck to it. Very little pedal wear, the original floor mats are in back and have never been used. He had some paper ones that he put down like they do at the car dealers. Thanks for the good input.
Jim
I got a Carfax report which showed the mileage at each owner change (3). The windshield is very clear. The carpet is original and still has the plastic door sill covers stuck to it. Very little pedal wear, the original floor mats are in back and have never been used. He had some paper ones that he put down like they do at the car dealers. Thanks for the good input.
Jim
Drifting
Joined: Sep 2005
Posts: 1,867
Likes: 3
From: Pasadena Maryland
Just keep in mind that $15,000 is TOP DOLLAR for that car. Shop around and see what else is in the area. If you decide to sell it after you put 20,000 more miles on it the price will drop. But if you really like it and want it, buy it. I bought my 93 coupe(It's a Ruby) in October of 2005 for $13,000 and it had 63,000 miles on it, some paint work, wear on the seats,,,,,,. But it's my money and I bought the car I wanted.
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Le Mans Master
Joined: Dec 2004
Posts: 7,475
Likes: 2
From: Austin TX
St. Jude Donor '07
I think $15K is a reasonable price for a 93 with that low of miles. I think you're right in dead center as far as what a reasonable price is. For a vette of that kind of condition, I would expect it to sell for between $14K and 16K.
17.5K was way too much, IMO.
17.5K was way too much, IMO.
Last edited by VetteUSA; Jan 17, 2007 at 12:50 PM.
Le Mans Master
Joined: Jan 2006
Posts: 6,564
Likes: 6
From: Woodstock Georgia
It sounds like a garage queen as 14K miles in 14 years is what? 1k per year? I would still check it out very carefully as it should be perfect for that price. Weatherstripping should be perfect, rims perfect, tires should be new, not old. Check that one carefully! If it hasn't been driven the tires could have excellent tread but be rotting and cracking as soon as you start driving it. Belt and hoses--no cracking? Things do break just sitting. Good luck with it, you are paying top dollar, should be a perfect car.
Thread Starter
Instructor
Joined: Jan 2007
Posts: 108
Likes: 0
From: Indianapolis Indiana
Thanks for the input, I feel better knowing that experienced vette owners think the price is reasonable. I will probably pick it up this weekend. I was hoping to pay around $14, but for one this clean I am willing to pay the extra. Thanks again.
Jim
Jim
Race Director
Joined: Dec 2002
Posts: 13,348
Likes: 233
From: SCMR Rat Pack'r Charter Member..Great Bend KS
Sounds like a great car, but keep this in mind:
When you pay top dollar for a low-mileage car, you are paying for something (that low mileage) that you will be destroying every time you drive it.
If you want a collector/show car, then a low mile car is what you are looking for. If you use it as a driver instead, then your cost per every mile you drive it goes way up.
Always nice to find a low-mile car, but only if you plan to keep it that way.
Larry
code5coupe
When you pay top dollar for a low-mileage car, you are paying for something (that low mileage) that you will be destroying every time you drive it.
If you want a collector/show car, then a low mile car is what you are looking for. If you use it as a driver instead, then your cost per every mile you drive it goes way up.
Always nice to find a low-mile car, but only if you plan to keep it that way.
Larry
code5coupe
Thread Starter
Instructor
Joined: Jan 2007
Posts: 108
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From: Indianapolis Indiana
I have been struggling with the drive it/garage it since I found the car. I do have Harley's that I drive also, so it's not like I will be driving it all the time. It will be a weekend type car, although I hate to think about the odometer everytime I turn the key. It's something that I will have to think long and hard about. I have checked the tires, hoses, belts etc., everything looks real good, it must have been in a climate controlled garage.
Jim
Jim
Le Mans Master
Joined: Jun 2006
Posts: 5,642
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From: One day you're a Comet...the next day you're dust... Arkansas
I have been struggling with the drive it/garage it since I found the car. I do have Harley's that I drive also, so it's not like I will be driving it all the time. It will be a weekend type car, although I hate to think about the odometer everytime I turn the key. It's something that I will have to think long and hard about. I have checked the tires, hoses, belts etc., everything looks real good, it must have been in a climate controlled garage.
Jim
Jim
Le Mans Master
Joined: Jan 2006
Posts: 6,564
Likes: 6
From: Woodstock Georgia
I have been struggling with the drive it/garage it since I found the car. I do have Harley's that I drive also, so it's not like I will be driving it all the time. It will be a weekend type car, although I hate to think about the odometer everytime I turn the key. It's something that I will have to think long and hard about. I have checked the tires, hoses, belts etc., everything looks real good, it must have been in a climate controlled garage.
Jim
Jim
Le Mans Master
Joined: Jun 2006
Posts: 5,642
Likes: 5
From: One day you're a Comet...the next day you're dust... Arkansas
Hopefully you will stay close to home until you KNOW the car is O. K. The first time my girlfriend borrowed mine it stranded her 40 miles away in 102* weather on a freeway entrance ramp. All it turned out to be was a SLIGHTLY LOOSE positive battery cable. The good news is she hasn't asked to drive it since!
Racer
Joined: Oct 2006
Posts: 444
Likes: 2
From: Dardenne Prairie Mo
Does it have a history? Is the seller the original owner? Paper work, Documentation.
Sounds like a good deal, but as stated in previous posts you can pretty much tell if the odometer is correct by taking a closer look at the car.
Sounds to me like you own it already so go pick it up and ...
DRIVE THAT BABY!
Sounds like a good deal, but as stated in previous posts you can pretty much tell if the odometer is correct by taking a closer look at the car.
Sounds to me like you own it already so go pick it up and ...
DRIVE THAT BABY!
Safety Car
Joined: Sep 2002
Posts: 4,971
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From: The reason time exists is so everything doesn't happen at once
The price sounds about right. I paid a little less for my 93 about 2 years ago and it had just over 50K miles.
Find out if the owner has service records or see if a local Chevy dealer can run the records form the VIN.
As far as the car losing value as the miles increase, that's what happens to new cars as well.
Find out if the owner has service records or see if a local Chevy dealer can run the records form the VIN.
As far as the car losing value as the miles increase, that's what happens to new cars as well.