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So I have decided that I can get a corvette mainly because insurance is pretty cheap in VA. I want a stock (or close to stock) 85-89 for 2 reasons. The first is that Face's vette on the A-Team was my first real vision of one when i was a kid and the second is that I can't really spend more than 7k. I am 22 years old and don't have that much cash flow. I have found some low mileage 85's (under 50k) for around 5-7k. I love the c4's pre-91.
I don't think the '84 is a good idea because of the old crossfire engine. Not planning on abusing the car or modifying it besides upgrading parts when things go bad. Looking to buy in Feb-March when I think prices will be at their lowest right before spring (and I don't have all the money right now).
Any sort of general advice would be very helpful. If anyone is in the Arlington, VA area and wants to talk in person, I will buy the first round and chip in for gas if you pick me up in yours.
If I missed a similar thread, please post a link. The only ones I found were from 2001.
From: Good health is merely the slowest possible rate at which one can die
St. Jude Donor '04-'05-'06-'07
With the time frame you have, you will have plenty of time to shop around and be totally familiar with the market. With the cash you'll have, you should be able to find some pretty nice early cars. Check autotrader.com and other sites, where you can bring back multitudes of search results for your research. Good luck and keep us posted! BTW, wish I was closer, I'm always up for a free drink!
Last edited by Corvette Kid; Sep 17, 2004 at 09:27 AM.
The best advice I could give you is to buy a service and repair manual and an owners manual. Most of the upkeep is described in detail and can be done with a little patience.
The best time to buy is when you are ready, that is, have the $$$.
The best time to start looking is now, and take your time and don't buy before you are ready ($$$) no matter how good the deal looks.
I would shoot for the 87-89's, ideally an 89 six speed manual if you can find one.
Even though the 6 speed is very desireable, I would go for the best overall condition you can find in your price range - I ended up with an automatic but the car was in fantastic condition and that has save me much more money than some of the six speeds I saw in so-so condition.
Dont know the dealer, (I'm in CA) but it looks really clean, stock and has nice interior! Has different valve covers though...Paid just over $7K for an 85 with 109K miles from a private party on Ebay a month ago...(with a new engine). I think the price is in the ball bark by the looks of the car. Dealers will charge a bit more anyway. Proof is in the driving. I am a new owner but I drove quite a few before deciding...you'd be amazed at the differences
I suggest you pick up a copy of the "Corvette Black Book" to see what changed over the years of interest to you.
Also get a copy of "Corvette & Chevy Trader" at your news stand. For example there is an ad in the Sep., 2004 issue for an '88 Vette for $4,500. Of course most Vettes in your age range are in the $10k-$15k price range.
If it's your first Corvette, the hardest part of the search will be waiting for the right car to come along.
Just for reference I paid $10983 at a dealership for my '87 about three months ago. Looks about like your picture only mine has a glass (or whatever it is) top. It had 25k miles on it at the time of purchase. Probably could have got it for a couple thousand less if I could have bought it from a private party. I was willing to pay more because of the low miles. Been a good car so far but needs some weather stripping and a radio antenna. IMO you'll always pay a premium for buying at a car lot. Unfortunately that's the easiest place to look too. Be sure and check car fax to make sure nothing funky has gone on with it in the past. If it says salvage or reconstruct title, it's not worth much. Good luck.
St. Jude Donor '06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16
Check with your local Credit Union on financing your purchase. Many of them will offer a low interest 3 year loan for the full NADA retail price. Then start shopping and buy the best/lowest mileage one you can for your money. Having said that I would not be afraid of a high mileage Vette that has been maintained by a Corvette nut . These are usually over maintained with lots of costly new parts installed. Keep us posted!
I think I am more likely to purchase high or low mileage from a reputable dealer and pay a premium than take some stranger's word on the street that the vette is tip-top especially if if the dealer is a vette nut as it seems that the people at Cooper are. I feel a little more secure that way but maybe I am just a sucker
As for the financing, I am using up all of my self control trying not to get a loan to pay for one. If I can wait until I have the cash in hand, WHEN something DOES go bad, there should be sufficient money to help with solving the problem. If I finance, when something goes bad, I will still be paying on a car that I can't drive and maybe not have the money to solve the problem.
From: SCMR Rat Pack'r Charter Member..Great Bend KS
Originally Posted by ruffneckxx
I am using up all of my self control trying not to get a loan to pay for one. If I can wait until I have the cash in hand, WHEN something DOES go bad, there should be sufficient money to help with solving the problem. If I finance, when something goes bad, I will still be paying on a car that I can't drive and maybe not have the money to solve the problem.
You demonstrate financial wisdom beyond your 22 years. Doing it this way will provide you with the best chance of an enjoyable purchase and the longest (and happiest) life possible as a Corvette owner.
I commend you.
Looks like its been taken care,has new seats.With all the cars out there i wouldnt go with a car thats been messed with,my 2 cents.By the way,dont knock an 84 until youve at least driven one.
I didn't mean that the '84 was a bad car, only that there doesn't seem to me to be a large amount of aftermarket stuff for it. Maybe I am wrong. If I got one, I would want to upgrade it to at least L98 hp and torque. I am considering selling my truck to get one sooner or trading someone and then getting a beater to drive everyday. Is this a bad idea? It keeps running through my head.