Value
Thread Starter
Heel & Toe
Joined: Apr 2018
Posts: 16
Likes: 0
If you sell now, you might have a stronger hand since it is the start of the season. I guess you are going to have to make up your mind to keep it, pay for more maintenance, insurance and storage or cut your losses. Good luck either way. Throw a coat of wax on it and hope someone sees it locally so you can talk them into it and hope their Corvette Fever makes them do silly things and write the check or keep it but be willing to make the necessary sacrifices. Honestly, I wouldn't wait too long or we will be back at this question next year.
Chinese saying: Man who straddle fence soon get sore crotch.
Chinese saying: Man who straddle fence soon get sore crotch.
Team Owner
Joined: Dec 2007
Posts: 20,974
Likes: 261
Most banks will not finance a vehicle that old. It would most likely have to be a personal loan so I don't believe that will help him. Do check eBay, craigslist and see what similar vehicles are being offered for. But remember asking price isn't what its eventually sold for.
Great point! HTF and WTF are we paying crazy prices for c2 corvettes(any old car) when a bank probably says... "nope, too old" Strange that a car a bank deems not worth a risk is "worth" 30-75k to others with cash.
ORR the thing is a joke on us dummies that buy old toys. LMAO Maybe a c2 is really only worth like 15k in the real world.
Come n kids, let go buy new cars, cars get depreciated instantly , while we pay interest rates on the loans, pay ridiculous insurance rates, then once it is 10 years old maybe less no bank wants to touch it.
Is it too far out in left field to consider one day that insurance companies will not insure cars older than 10 years+ based on this type of system?
Thread Starter
Heel & Toe
Joined: Apr 2018
Posts: 16
Likes: 0
Most banks will not finance a vehicle that old. It would most likely have to be a personal loan so I don't believe that will help him. Do check eBay, craigslist and see what similar vehicles are being offered for. But remember asking price isn't what its eventually sold for.
thank you.
Thread Starter
Heel & Toe
Joined: Apr 2018
Posts: 16
Likes: 0
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Thread Starter
Heel & Toe
Joined: Apr 2018
Posts: 16
Likes: 0
Melting Slicks
Joined: Jan 2017
Posts: 2,099
Likes: 47
From: Minneapolis MN
The value of your car just dropped $1k.
If your going to keep the car, new tires are mandatory. Not only are they very unsafe, the ride is shitty.
Last edited by Cool Runnings; Apr 23, 2018 at 07:04 PM.
Thread Starter
Heel & Toe
Joined: Apr 2018
Posts: 16
Likes: 0
Team Owner
Joined: Jul 2004
Posts: 28,472
Likes: 3,290
From: Hartford WI
Maybe the buyer won't care? Depends on how good a salesman you are. Get him starry eyed enough and he might not care. I do not let the heart buy stuff like that but other people might.
Team Owner
Joined: Jul 2004
Posts: 28,472
Likes: 3,290
From: Hartford WI
If he does not survive the crash, it does not matter. If he survived, insurance pays for the car. Problem solved. Could be other issues but one thing at a time
Instructor
Joined: Sep 2017
Posts: 132
Likes: 21
From: By the redwoods via New Hampshire
Personally I'd keep it. I would keep seeing it as selling for $3,500. The offer minus 4,000. in recent repairs. Plus, Vette weather cometh. I'd try to find money or a real good deal on a kid friendly car. That's just me. I'd drive a mini van if it meant I could keep the vette for "my time". Good luck, it's a tough deal.
Team Owner
Joined: Jul 2004
Posts: 28,472
Likes: 3,290
From: Hartford WI
Instructor
Joined: Jul 2016
Posts: 166
Likes: 9
From: Melbourne Australia
I can only relate my experience in buying my 88. It was late September in Cleveland and the seller confided in me that he had lost his Winter storage (big mistake). He also told me that he started trying to sell his car for $14.5K and was down to $8.5K (another mistake). Long story short, he accepted my offer of $8K for a one owner 39K mile 4+3 car in very good condition with everything working on it. You are selling at the right time of the year, so I would go with the advice of a previous poster and give it a good wash and wax, take some good pictures and advertise it at a realistic price with a bit of wriggle room.
