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Old 04-22-2018, 07:33 PM   #1  
Netnet
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How much can I sell a 1989 Chevy Corvette with 41,500 miles on it? It’s only driven locally, maybe 500 miles a year. Just spent $4,000 to get it fixed and ready to sell.

Last edited by Netnet; 04-22-2018 at 07:35 PM. Reason: Added more
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Old 04-22-2018, 10:12 PM   #2  
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Check eBay for "Sold" prices maybe? Ask your bank what they will finance?
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Old 04-22-2018, 10:23 PM   #3  
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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.

Last edited by ls777z; 04-22-2018 at 10:26 PM.
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Old 04-22-2018, 10:40 PM   #4  
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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.
Maybe not but they might have records of what it is worth to them IF they were doing it.

https://www.ebay.com/sch/i.html?_nkw...p2045573.m1684
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Old 04-23-2018, 07:21 AM   #5  
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Check eBay for "Sold" prices maybe? Ask your bank what they will finance?
Ebay?
Finance?
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Old 04-23-2018, 07:39 AM   #6  
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Ebay?
Finance?
You check sold values and see what others have gotten for a car in that condition.

Ask your bank since I can see KBB goes back to 92 and the bank might have books going before that as to what they think it is worth so they can lend you a percentage.

What exactly is your question?
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Old 04-23-2018, 10:02 AM   #7  
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You check sold values and see what others have gotten for a car in that condition.

Ask your bank since I can see KBB goes back to 92 and the bank might have books going before that as to what they think it is worth so they can lend you a percentage.

What exactly is your question?

i want ant to sell my corvette! I have my grandkids with me and I need a bigger vehicle and my corvette just sits in my garage.
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Old 04-23-2018, 11:48 AM   #8  
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How much can I sell a 1989 Chevy Corvette with 41,500 miles on it? Itís only driven locally, maybe 500 miles a year. Just spent $4,000 to get it fixed and ready to sell.
I've seen '89's go for $2K (basket cases) or $10k.

You have low mileage, and assuming it's been kept in good condition, closer to the $10k.

If you are orig owner, and car is 6spd, and in perfect condition, and desirable color combo. maybe a little over $10k now that spring is here.
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Old 04-23-2018, 11:59 AM   #9  
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I've seen '89's go for $2K (basket cases) or $10k.

You have low mileage, and assuming it's been kept in good condition, closer to the $10k.

If you are orig owner, and car is 6spd, and in perfect condition, and desirable color combo. maybe a little over $10k now that spring is here.
i am the third owner, but the owner before me kept in a garage for years. Just had work done to it so I think itís in good shape. Thank you
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Old 04-23-2018, 12:34 PM   #10  
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i am the third owner, but the owner before me kept in a garage for years. Just had work done to it so I think it’s in good shape. Thank you
https://www.ebay.com/sch/i.html?LH_C...p2045573.m1684

White Sold for $4601. Sold but buyer probably backed out so final price is $4600. Red sold for $6000 after all the bidding. The last one has 26000 miles on the clock and is a black convertible auto trans and sold for $9600. I'd start the bidding at $3000 just to draw someone in and hope they got the Corvette Fever and keep bidding it up.

OTOH, you can ask $10000 for it and keep waiting and hoping that it appeals enough to someone. More patience, more money.

Full disclaimer. I'm NOT interested in a C4 so I wouldn't try talk you down but what are you wanting to get out of it as a minimum? What exactly have you done for $4000? If you did an excellent paint job, that is something but if you did only tune up, shocks, etc, not so sure.

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Old 04-23-2018, 01:22 PM   #11  
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https://www.ebay.com/sch/i.html?LH_C...p2045573.m1684

White Sold for $4601. Sold but buyer probably backed out so final price is $4600. Red sold for $6000 after all the bidding. The last one has 26000 miles on the clock and is a black convertible auto trans and sold for $9600. I'd start the bidding at $3000 just to draw someone in and hope they got the Corvette Fever and keep bidding it up.

OTOH, you can ask $10000 for it and keep waiting and hoping that it appeals enough to someone. More patience, more money.

Full disclaimer. I'm NOT interested in a C4 so I wouldn't try talk you down but what are you wanting to get out of it as a minimum? What exactly have you done for $4000? If you did an excellent paint job, that is something but if you did only tune up, shocks, etc, not so sure.
i had the head job pressure tested and clean and then replaced, includes/included at the time it was in the shop:
serpentine belt, the head gasket kit, bolt set, water pump, high pressure power steering hose, power steering return line, exhaust pipe Y, platinum spark plugs, thermostat and gasket, A/C kit and lower radiator hose. Did this to sell it! Or maybe Iíll end up keeping it, but I do want to sell it to someone that will at least drive it.
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Old 04-23-2018, 03:40 PM   #12  
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i had the head job pressure tested and clean and then replaced, includes/included at the time it was in the shop:
serpentine belt, the head gasket kit, bolt set, water pump, high pressure power steering hose, power steering return line, exhaust pipe Y, platinum spark plugs, thermostat and gasket, A/C kit and lower radiator hose. Did this to sell it! Or maybe Iíll end up keeping it, but I do want to sell it to someone that will at least drive it.
IDK but those are more maintenance items. What is the least you are willing to take? It isn't going to add a lot. It won't add 4000 to a good condition car, I'm sure.
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Old 04-23-2018, 04:01 PM   #13  
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IDK but those are more maintenance items. What is the least you are willing to take? It isn't going to add a lot. It won't add 4000 to a good condition car, I'm sure.
Ugh! Well, I was offered $7500 six months ago, but I didnít want to sell it then. And sheís probably mad at me for not selling it to her. This was before I had the maintenance done on it. Itís a nice car. Still has a few things it can use. Not sure what I would give it up for. Just need a good down payment for another car.
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Old 04-23-2018, 04:12 PM   #14  
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Ugh! Well, I was offered $7500 six months ago, but I didnít want to sell it then. And sheís probably mad at me for not selling it to her. This was before I had the maintenance done on it. Itís a nice car. Still has a few things it can use. Not sure what I would give it up for. Just need a good down payment for another car.
That was a $4000 mistake
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Old 04-23-2018, 04:27 PM   #15  
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Ugh! Well, I was offered $7500 six months ago, but I didn’t want to sell it then. And she’s probably mad at me for not selling it to her. This was before I had the maintenance done on it. It’s a nice car. Still has a few things it can use. Not sure what I would give it up for. Just need a good down payment for another car.
Assuming she was buying with her head and NOT her heart I would say that you are probably not getting back what you spent to get it running. You looked at what ebay has. Do you think it is that quality to command 10000?

If I were you, I'd give her a call and see if she has moved on or whether she will still offer you that assuming you are willing to swallow that 4000 loss.

Last edited by aklim; 04-23-2018 at 04:33 PM.
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Old 04-23-2018, 04:49 PM   #16  
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That was a $4000 mistake
well Iíll keep you posted on my mistake
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Old 04-23-2018, 04:50 PM   #17  
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Assuming she was buying with her head and NOT her heart I would say that you are probably not getting back what you spent to get it running. You looked at what ebay has. Do you think it is that quality to command 10000?

If I were you, I'd give her a call and see if she has moved on or whether she will still offer you that assuming you are willing to swallow that 4000 loss.
I could do that, but Iíd rather keep the vet than sell it for less, which now Iím talking with my heart.
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Old 04-23-2018, 04:54 PM   #18  
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At some point, it's not worth selling. You say you need the money for a larger car, just spend less o that larger car! If you'e only going to get 4k or 5k for it, I'd keep it and just spend less on the other car.
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Old 04-23-2018, 04:55 PM   #19  
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I could do that, but Iíd rather keep the vet than sell it for less, which now Iím talking with my heart.
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.
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Old 04-23-2018, 05:05 PM   #20  
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At some point, it's not worth selling. You say you need the money for a larger car, just spend less o that larger car! If you'e only going to get 4k or 5k for it, I'd keep it and just spend less on the other car.

youre right.
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