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Pricing question 1993 convertible

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Old Sep 12, 2016 | 03:57 PM
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Default Pricing question 1993 convertible

Hi guys. I need some input.

I'm looking at a 1993 convertible. It is not the 40th anniversary edition. It is Polo green with tan interior and top. It has about 108k miles. It looks to be in average to perhaps slightly above average both mechanically and cosmetically. New top. New tires. Good seats. Very good paint. AC blows cold. No clicking or other problems with the headlights.

So I have two questions...

First, is there anything that I am missing in terms of traditional problem areas for C4s?
( I have done some reading/research but I would appreciate any input).

Second, what do you think would be a fair but competitive offer for the car? Driving season in the mid-Atlantic is coming to an end. Fall is fast approaching. The C4 market is and has been brutal for a while now.

Once again, thanks in advance for your help.

Last edited by Randy_in_MD; Sep 12, 2016 at 03:58 PM.
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Old Sep 12, 2016 | 10:45 PM
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Gentlemen, I'm going to see the car in person tomorrow...about 1.5 hours from home. I'd really like some pricing opinions so that I can plan my negotiating strategy. Thanks.
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Old Sep 13, 2016 | 08:32 AM
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Some of the '92-93 C4s have intermittent problems with the ECM. I had mine fixed recently and it isn't too expensive. You will get widely varying opinions about the reliability of the non-vented opti.

Without more info or pictures I would say $6-8K

Last edited by JimLentz; Sep 13, 2016 at 08:34 AM. Reason: Additional info
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Old Sep 13, 2016 | 08:58 AM
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The 100k+ miles concerns me the most. There is probably no way of knowing if the car was driven real hard all it's life or just used for 'topless' cruising on weekends. It isn't just the engine and tranny but every component on this 20+ year old car. It makes such a difference. Have the fluids been changed regularly? Tires OK quality wise, or did he throw cheap Chinese mongrel brand on there? Brakes OK? Top work properly and fitted properly?? Leaks?? How many owners? One or two is always nice but 5+ owners?? Makes you think about the history even more. All of us know the car will need $$$ unless you can do many things yourself. I'll agree about the $6,000 mark but not more unless you absolutely feel comfortable with the upkeep and ownership history. Good luck!

Last edited by Atomic6; Sep 13, 2016 at 08:59 AM.
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Old Sep 13, 2016 | 09:38 AM
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When you go to look at the car, do not brush off the small things and look at the car as if it's already yours, point out every negative and take note of that Without pictures, i'd say max 6k.
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Old Sep 13, 2016 | 02:36 PM
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First, thanks to those who responded.

I saw the car. Realistically it was a good solid 7 on a 10 point scale as far as C4s go...I have seen many. That wouldn't be so bad, but the owner described it as an 8.5 or 9 during our correspondence.

I'm not looking for perfection. I realize it is almost 25 years old. A few things that concerned me were:

Some weatherstripping issues...dry, cracked in a few places

Aftermarket radio...not a big fan. I think they can exacerbate electrical issues.

Passenger window only worked with the switch on that side. The driver control for the passenger window was inoperative.

Excessive turning/rumbling/clicking from headlight assemblies when turning lights on or off.


Positives:

Interior was in pretty good shape. No rips, tears, cracks or holes in the seats, carpets or dash.

Tires are pretty new. Probably 3-4K miles on them.

Top is brand new. Fits well.


Not sure if a positive or a negative, but the auto transmission was rebuilt in 2014.

Suspension sounds and feels pretty good. Engine sounds pretty good. Clean engine compartment.

The seller says $6500 is his best. That seems a little high. I'm going to put this one in the maybe pile and continue my search.
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Old Sep 13, 2016 | 03:11 PM
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This sounds like a vert with good paint,interior,tires and top. The only negatives are the mileage and minor electrical problems. 3 to 5K gets you junk coupes. If it runs well and your on a strict budget it doesn't sound too bad. If you have a few grand more look at +/- 50K mile verts, maybe even a ZF6.
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Old Sep 13, 2016 | 03:15 PM
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$5000-$6000 is the most my financial advisor (wife) will allow me to spend on a third vehicle.
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Old Sep 13, 2016 | 03:19 PM
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You keeping your eye on the calendar.....October 1 is quickly approaching if you are still looking to get hassle free historic tags.
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Old Sep 13, 2016 | 04:38 PM
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Yeah. I know Oct.1 is fast approaching. The problem is that the mva, the state police and someone at an inspection station all gave me different, and at times conflicting, info about that.
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Old Sep 13, 2016 | 05:30 PM
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Originally Posted by Randy_in_MD
First, thanks to those who responded.

I saw the car. Realistically it was a good solid 7 on a 10 point scale as far as C4s go...I have seen many. That wouldn't be so bad, but the owner described it as an 8.5 or 9 during our correspondence.

I'm not looking for perfection. I realize it is almost 25 years old. A few things that concerned me were:

Some weatherstripping issues...dry, cracked in a few places Pretty normal on the a car that age, I replaced all mine with no issues. Took a few hours.

Aftermarket radio...not a big fan. I think they can exacerbate electrical issues. Yes this can but also depending on the radio it had, it might have failed a while ago. I had the Bose and it went out and I replaced it wit a Nav unit but I also ran a completely new harness from the rear of the car to the front to replace the factory Bose harness to the processor.

Passenger window only worked with the switch on that side. The driver control for the passenger window was inoperative. My bet is the contacts are dirty or the wire from the Drivers switch internally is bad. The passenger side gets its power from the drivers switch, so with the Passenger switch working and the drivers side control not, seems like a simple issue to fix.

Excessive turning/rumbling/clicking from headlight assemblies when turning lights on or off. Common issue with the C4, due to the heavy glass lights they use. Also if it hasn't been taken apart to replace the plastic gears, most likely the grease is dry and needs lubrication. Lots of good U Tube videos how to do this. I had to rebuild both of mine and did it in a few hours.


Positives:

Interior was in pretty good shape. No rips, tears, cracks or holes in the seats, carpets or dash.

Tires are pretty new. Probably 3-4K miles on them.

Top is brand new. Fits well.


Not sure if a positive or a negative, but the auto transmission was rebuilt in 2014. I would call it normal, I know my trans needed a rebuild at 125k miles and I have the original service records that it was serviced every 24K miles.

Suspension sounds and feels pretty good. Engine sounds pretty good. Clean engine compartment.

The seller says $6500 is his best. That seems a little high. I'm going to put this one in the maybe pile and continue my search.
Honestly I think your getting a pretty good offer from the seller. There is always going to be a few things with these older C4s but the car sounds like its in good condition.

Mine has 148K and runs like new, the area that I hear wear and tear is I get some rattles over bumps from the convertible deck cover.

Only area of my car that gave me problems were 138K Opti went out, I replaced it, water pump, belts, hoses, wires, plugs, all at once. Then a week later the ICM and Fuel pump started going out so I replaced them. After that no issues what so ever until Friday when I got rear ended and I am pretty sure my car is going to be listed as a total loss due to bent frame. I have a thread called Another 40th dies lol.
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Old Sep 13, 2016 | 05:49 PM
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Mmandley,

Thanks for the thoughtful post/response. I appreciate it. Maybe he'll go for $6k. Corvette convertible weather is coming to an end here in MD.

I read your post about your 40th Anniversary car. It made me sad. I hope you find something else that you like and get back on the road ASAP.
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Old Sep 13, 2016 | 09:58 PM
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Originally Posted by Randy_in_MD
Yeah. I know Oct.1 is fast approaching. The problem is that the mva, the state police and someone at an inspection station all gave me different, and at times conflicting, info about that.
When it comes applying for historic tags, I would believe the MVA. The MVA historic tag application has already been modified to state that vehicles 1986 and newer will need an MSI after 09/30/16.

My son is a service consultant. He confirms his dealership already knows they can no longer sell vehicles that are 20 years or older and 1986 or newer without passing an MSI.

FYI, I received the email below from the MVA today.

Dear Historic Vehicle Owner,

As the owner of a historic vehicle, we want to make you aware of legislation passed by the Maryland General Assembly that goes into effect on Saturday, October 1, 2016. It is important to know that this legislation will impact how historic vehicles may be operated.

Effective October 1, 2016, a Maryland registered historic vehicle may no longer be used for transportation to and from employment, school, or for commercial purposes.

In addition, historic vehicles with a model year of 1986 or newer may be subject to safety equipment repair orders issued at roadside by law enforcement.

Thank you for your compliance with this new Maryland law.

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Old Sep 13, 2016 | 10:19 PM
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IMO from what you described the seller made you a good offer. There are a lot of '93 - 96 C4's out there with low mileage but they aren't $6500. The coups are 10+ and the rag tops 12+. Your description sounds like a nice driver.
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Old Sep 14, 2016 | 04:33 PM
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Some of the convertibles for sale in my area
http://albany.craigslist.org/cto/5700702096.html
http://hartford.craigslist.org/cto/5735394342.html
http://newyork.craigslist.org/stn/cto/5767798527.html

All the owners think their corvette was dipped in gold before leaving the factory You'd think they'd wanna get rid of them a little more since winters coming here.

Last edited by BrandensBeast; Sep 14, 2016 at 04:34 PM.
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Old Sep 14, 2016 | 10:04 PM
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If you can buy a 100K convert for $6K, then consider yourself as having found a bargain.

Don't know why in today's age that folks get all wound up about 100,000 miles on a vehicle, especially if upon viewing and driving the car, it seems solid, shows that it has been cared for, and has the maintenance history.
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Old Sep 14, 2016 | 10:22 PM
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From what you said, I'd find that extra $500. I think you'll regret it if you don't. Good verts under $8K are pretty rare. 100K is nothing to worry about if it's been taken care of.
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Old Sep 15, 2016 | 09:13 AM
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Originally Posted by jv9999
From what you said, I'd find that extra $500. I think you'll regret it if you don't. Good verts under $8K are pretty rare. 100K is nothing to worry about if it's been taken care of.
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