Value question ..... again
Team Owner
Joined: Jul 2004
Posts: 28,353
Likes: 3,253
From: Hartford WI
Laugh in their face or not, you still own a 6-7k C4... get over it dude! The reason you wouldnt take that is because you paid 9500 for it and have a total of 11k in it.... Why WOULD you take 6 or 7k? The car he is looking at doesnt sound as if it were in pristine like new condition..... Its a normal driver with normal driver wear. 
Le Mans Master
Joined: Dec 2005
Posts: 8,535
Likes: 924
From: Communist Colorado
Its a hard pill to swallow.... Ive had to swallow it a few times myself, but if you want to play, you pay.... I dont think very many people get back modification money or even restoration money spent, unless its a very special car. The car hobby is a definite labor of love especially where Corvettes are concerned..... the truth can be real bitter!
Last edited by 81c3; May 23, 2018 at 11:14 PM.
Team Owner
Joined: Jul 2004
Posts: 28,353
Likes: 3,253
From: Hartford WI
Its a hard pill to swallow.... Ive had to swallow it a few times myself, but if you want to play, you pay.... I dont think very many people get back modification money or even restoration money spent, unless its a very special car. The car hobby is a definite labor of love especially where Corvettes are concerned..... the truth can be real bitter!
Safety Car
Joined: Oct 2007
Posts: 4,426
Likes: 229
From: Pennsylvania
And ....OTOH, you might be in the business of restoring cars for profit. You buy the right car for say...$5k, knowing it needs restored. You need to put $4k into it to make it worth asking $12k. You settle on $10.5K. You made $1500.00 very easily. I've done very nicely at this type of easy money making. You need to know which car to initially buy though first.
Melting Slicks
Joined: Jan 2017
Posts: 2,099
Likes: 47
From: Minneapolis MN
Laugh in their face or not, you still own a 6-7k C4... get over it dude! The reason you wouldnt take that is because you paid 9500 for it and have a total of 11k in it.... Why WOULD you take 6 or 7k? The car he is looking at doesnt sound as if it were in pristine like new condition..... Its a normal driver with normal driver wear.
I was offered $12k for mine a couple weeks ago.
Racer
Joined: May 2018
Posts: 350
Likes: 74
There’s been a polo green 92 with about 30k miles on it sitting on the local Craigslist here for several months at $12000. If you read the add the seller makes it pretty clear they aren’t willing to budge on the price, and hence, it hasn’t sold. I actually saw it listed on here as well. It looks like a beautiful low mile car, but even so, you can only ask so much above market value before buyers just aren’t interested.
Melting Slicks
Joined: Jan 2017
Posts: 2,099
Likes: 47
From: Minneapolis MN
There’s been a polo green 92 with about 30k miles on it sitting on the local Craigslist here for several months at $12000. If you read the add the seller makes it pretty clear they aren’t willing to budge on the price, and hence, it hasn’t sold. I actually saw it listed on here as well. It looks like a beautiful low mile car, but even so, you can only ask so much above market value before buyers just aren’t interested.
So you buy one for $7k that needs all kinds of stuff done to it. As an example, My 92 is like a new car and is loaded. Why would I sell it for $7k? I bet I can get 10 years out of it, ain't for sale.
The car has never been listed in any kind of 'for sale ad' since new. I'm the first owner outside of family.
Last edited by Cool Runnings; May 24, 2018 at 10:12 AM.
Racer
Joined: May 2018
Posts: 350
Likes: 74
So you buy one for $7k that needs all kinds of stuff done to it. As an example, My 92 is like a new car and is loaded. Why would I sell it for $7k? I bet I can get 10 years out of it, ain't for sale.
The car has never been listed in any kind of 'for sale ad' since new. I'm the first owner outside of family.
The car has never been listed in any kind of 'for sale ad' since new. I'm the first owner outside of family.
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Team Owner
Joined: Oct 2004
Posts: 81,241
Likes: 3,062
From: altered state
St. Jude Donor '05
Laugh in their face or not, you still own a 6-7k C4... get over it dude! The reason you wouldnt take that is because you paid 9500 for it and have a total of 11k in it.... Why WOULD you take 6 or 7k? The car he is looking at doesnt sound as if it were in pristine like new condition..... Its a normal driver with normal driver wear.
These are not popular cars that bring money.....most old cars arent bringing what they did 2 yrs ago period. Even old iron.
Plan on dumping 1-2k in any used car plus whatever else pops up.
You never get your money back out of these, make sure its what you want. If it is then what you put in it doesnt matter.
Stored my own under "perfect condition" its still going to need work to be used regularly again, its sat too long. They were designed to be used
Last edited by cv67; May 24, 2018 at 10:43 AM.
Melting Slicks
Joined: Jan 2017
Posts: 2,099
Likes: 47
From: Minneapolis MN
It will last as long as you want it to really as long as it’s taken care of. I wasn’t making any reference to your car btw. Just giving an example of a car that the seller has obviously determined is worth a certain amount in their own mind, but the market obviously doesn’t agree with him. A seller can say their car is worth whatever they want, but at the end of the day nothing is ever worth more than what someone is willing to pay for it.
Sometimes it's better to just keep the stuff. I lost over $7k on a Moto Guzzi. If I had to do it all over again, I'd put in my price and wait until the right buyer came along.
You ask a bargain price for something and people will low-ball you anyways. I bet the $12k guy with 30,000 miles got all kinds of phone offers. I wonder how many actually looked at the car and made a reasonable offer. I bet none.
Melting Slicks
Joined: Jan 2017
Posts: 2,099
Likes: 47
From: Minneapolis MN
Offering 5-6k is plenty fair. Some stare at their wax job a little too long.
These are not popular cars that bring money.....most old cars arent bringing what they did 2 yrs ago period. Even old iron.
Plan on dumping 1-2k in any used car plus whatever else pops up.
You never get your money back out of these, make sure its what you want. If it is then what you put in it doesnt matter.
Stored my own under "perfect condition" its still going to need work to be used regularly again, its sat too long. They were designed to be used
These are not popular cars that bring money.....most old cars arent bringing what they did 2 yrs ago period. Even old iron.
Plan on dumping 1-2k in any used car plus whatever else pops up.
You never get your money back out of these, make sure its what you want. If it is then what you put in it doesnt matter.
Stored my own under "perfect condition" its still going to need work to be used regularly again, its sat too long. They were designed to be used
Pretty much a given, no matter how great it's been maintained. Stuff happens. I figure on about $1k a year in stuff.
Just this spring, all of a sudden I get the famous headlight motor noise. Heard dealers charge $800 to fix. $50 + 5 hours later got the new gears and shims in. Noticed a couple weeks ago, the right speaker was acting up. It went away, but I know sooner or later it's going to need a speaker amp ($100) and the pain of taking the door apart. Hey, it's all part of the fun, right.
Team Owner
Joined: Oct 2004
Posts: 81,241
Likes: 3,062
From: altered state
St. Jude Donor '05
You should have taken it and ran;if its worth that much to you hang on to it. I couldnt get much more than that for a tricked out frame off A body which is fresh and has close to 6 figures in it.
Those days of selling for big $ are gone
Lots of hard luck stories out there which means tons of toys on the cheap.
There will always be ones listed for a lot, they sit and sit and sit online.
Those days of selling for big $ are gone
Lots of hard luck stories out there which means tons of toys on the cheap.
There will always be ones listed for a lot, they sit and sit and sit online.
Last edited by cv67; May 24, 2018 at 10:59 AM.
Thread Starter
Advanced
Joined: Jul 2017
Posts: 89
Likes: 2
Guys, I took all kinds of pictures and been looking at prices/values to try and justify a good offer to make on this car.
I have not heard this run, driven it, or anything like that. It was sitting in a pole shed with dust on it and the plates were expired in Jul '16. I am really only interested because it is a 40th anniversary package car.
KBB says the car is worth between 6685 -10388. Middle of the road is 8537
Lets start there at 8537
Subtract 1300 for a top = 7237
Subtract 500 for tires = 6737
6700, that's all I know so I guess that will be the highest I can justify, provided there are no other problems. It gets pretty hard to make an offer with a car like this.
I have not heard this run, driven it, or anything like that. It was sitting in a pole shed with dust on it and the plates were expired in Jul '16. I am really only interested because it is a 40th anniversary package car.
KBB says the car is worth between 6685 -10388. Middle of the road is 8537
Lets start there at 8537
Subtract 1300 for a top = 7237
Subtract 500 for tires = 6737
6700, that's all I know so I guess that will be the highest I can justify, provided there are no other problems. It gets pretty hard to make an offer with a car like this.
Le Mans Master
Joined: Dec 2005
Posts: 8,535
Likes: 924
From: Communist Colorado
you should have taken it and ran;if its worth that much to you hang on to it. I couldnt get much more than that for a tricked out frame off a body which is fresh and has close to 6 figures in it.
Those days of selling for big $ are gone
lots of hard luck stories out there which means tons of toys on the cheap.
There will always be ones listed for a lot, they sit and sit and sit online.
Those days of selling for big $ are gone
lots of hard luck stories out there which means tons of toys on the cheap.
There will always be ones listed for a lot, they sit and sit and sit online.
Le Mans Master
Joined: Dec 2005
Posts: 8,535
Likes: 924
From: Communist Colorado
Guys, I took all kinds of pictures and been looking at prices/values to try and justify a good offer to make on this car.
I have not heard this run, driven it, or anything like that. It was sitting in a pole shed with dust on it and the plates were expired in Jul '16. I am really only interested because it is a 40th anniversary package car.
KBB says the car is worth between 6685 -10388. Middle of the road is 8537
Lets start there at 8537
Subtract 1300 for a top = 7237
Subtract 500 for tires = 6737
6700, that's all I know so I guess that will be the highest I can justify, provided there are no other problems. It gets pretty hard to make an offer with a car like this.
I have not heard this run, driven it, or anything like that. It was sitting in a pole shed with dust on it and the plates were expired in Jul '16. I am really only interested because it is a 40th anniversary package car.
KBB says the car is worth between 6685 -10388. Middle of the road is 8537
Lets start there at 8537
Subtract 1300 for a top = 7237
Subtract 500 for tires = 6737
6700, that's all I know so I guess that will be the highest I can justify, provided there are no other problems. It gets pretty hard to make an offer with a car like this.
Last edited by 81c3; May 24, 2018 at 03:04 PM.
Thread Starter
Advanced
Joined: Jul 2017
Posts: 89
Likes: 2
When you drive it and follow a good checklist and maybe get it on a hoist to check under it.... you will have a much better idea of where you should be on an offer..... Did you say it has 26,000 miles on it? If so, thats good.... If it were to all check out well, then $7,000. give or take a couple hundred, is a fair deal imho.
The interior looked like a 26k mile car, but, honestly the exterior has door dings, scraps in the front valance and overall looks like a careless daily driver that could have 100k+. The only parts that did not have scraps or scratches was the left and right rear fenders and I didn't notice any scratches in the hood.
I won't have the ability to get it on a hoist.
Last edited by R254; May 24, 2018 at 03:11 PM.
Melting Slicks
Joined: Jan 2017
Posts: 2,099
Likes: 47
From: Minneapolis MN
You should have taken it and ran;if its worth that much to you hang on to it. I couldnt get much more than that for a tricked out frame off A body which is fresh and has close to 6 figures in it.
Those days of selling for big $ are gone
Lots of hard luck stories out there which means tons of toys on the cheap.
There will always be ones listed for a lot, they sit and sit and sit online.
Those days of selling for big $ are gone
Lots of hard luck stories out there which means tons of toys on the cheap.
There will always be ones listed for a lot, they sit and sit and sit online.
If I take $12k and run, then what do I buy ??? A early C5 with unknown problems? No thanks, I like these older C4 corvettes.
Melting Slicks
Joined: Jan 2017
Posts: 2,099
Likes: 47
From: Minneapolis MN
Yes, 26,000 miles on it.
The interior looked like a 26k mile car, but, honestly the exterior has door dings, scraps in the front valance and overall looks like a careless daily driver that could have 100k+. The only parts that did not have scraps or scratches was the left and right rear fenders and I didn't notice any scratches in the hood.
I won't have the ability to get it on a hoist.
The interior looked like a 26k mile car, but, honestly the exterior has door dings, scraps in the front valance and overall looks like a careless daily driver that could have 100k+. The only parts that did not have scraps or scratches was the left and right rear fenders and I didn't notice any scratches in the hood.
I won't have the ability to get it on a hoist.
I'd pass. Too many garage queens out there if you look long and hard enough. Also, I'd never buy one with the standard gearing.
Thread Starter
Advanced
Joined: Jul 2017
Posts: 89
Likes: 2
According to the RPO, it has GM1, standard gearing, 2.59. Is that really that bad? My 89 has the G44 in an L98, so I really don't know what the 2.59 is like in an LT1
Melting Slicks
Joined: Jan 2017
Posts: 2,099
Likes: 47
From: Minneapolis MN
All I know is what I've been told here on the forum. Peeps say the performance axle makes a huge difference in acceleration.