Price for a 96 LT4
Thread Starter
Instructor
Joined: Jan 2003
Posts: 196
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From: harvest al
Price for a 96 LT4
What do guys think is a reasonable price for a 1996 LT4, Black/Black, with 936 actual miles? That's right, 000936. Obviously a collector's car.
What are your thoughts on this one?
Thanks, John
What are your thoughts on this one?
Thanks, John
Racer
Joined: Nov 2003
Posts: 268
Likes: 0
From: Medford NJ
Re: Price for a 96 LT4 (sundbergjc)
Go to NADA ,KELLY, and other ads to get an idea on what the going price is.
Next, how bad do you want the car vs. the asking price.
You don't state how it is equipted, I,d Guess $13 to $15K.
[Modified by lbitp37, 2:01 PM 1/29/2004]
Next, how bad do you want the car vs. the asking price.
You don't state how it is equipted, I,d Guess $13 to $15K.
[Modified by lbitp37, 2:01 PM 1/29/2004]
Racer
Joined: Jan 2002
Posts: 341
Likes: 1
From: Cave Creek AZ
Re: Price for a 96 LT4 (sundbergjc)
My guess is that you're going to have to pay well into the $20k range to get essentially a brand new '96 LT4. That is a nice car. Of course I'm prejudiced. Good luck. :)
Le Mans Master
Joined: Jun 2002
Posts: 6,097
Likes: 2
From: Cincinnati Oh
Re: Price for a 96 LT4 (lead_foot)
My guess is that you're going to have to pay well into the $20k range to get essentially a brand new '96 LT4. That is a nice car. Of course I'm prejudiced. Good luck. :)
You'll pay over $20k for a car with that many miles. I'd say $25k or more, only because its practically new. I personally would want a excellent condition car with, lets say ~20k miles. It would be a better value for the dollar, imo. If you want a collector LT4 I'd recommend a GS. Only time will tell for the collector value of non-GS LT4s. I also wouldn't bother with any of the published books or databases to establish value, as they are pretty far off in regards to corvettes in general, and given the market. Lots of lenders will use NADA (or something similar) to establish the loan amount for a car however.
Burning Brakes
Joined: Aug 2002
Posts: 848
Likes: 0
From: Houston TX
Re: Price for a 96 LT4 (all4c4lt4)
18 months ago, I paid $28k for a 96 CE with 7k miles, absolute mint condition. So, I would expect $20k+ for the car you're looking at. Still, a very good investment. What else can you buy for around that price with that kind of performance and styling? That's why I bought mine (thank god I didn't pull the trigger on the BMW 325 I was looking at!).
Drifting
Joined: Mar 1999
Posts: 1,381
Likes: 15
From: Lusby MD
Re: Price for a 96 LT4 (sundbergjc)
I did a pretty extensive survey this fall on LT4s. I looked on The Auto Trader, Ebay, Cars-on-line, and a few others. I found a pretty good correlation between mileage and price (excluding those pie-in-thesky sellers). I plotted up the data and it shows that a VERY VERY low mileage coupe like that is probably in the $23k-$25k range. I did see a 3kmi Yellow LT4 (very rare) for sale at $29k. It's STILL for sale.
For comparison sake, I paid $18k for mine (also black/black) with 16kmi. That was a REALLY good price, as echoed here on the forum.
For comparison sake, I paid $18k for mine (also black/black) with 16kmi. That was a REALLY good price, as echoed here on the forum.
Advanced
Joined: Jun 2002
Posts: 76
Likes: 0
From: Huntsville AL
Re: Price for a 96 LT4 (sundbergjc)
I don't know if your thinking about selling or buying, but either case I'd say the value is $25k-$28k. With that low mileage you may have a few seals that have kind of dried up over time from such little action. Of course you won't have the paint chips, worn carpet, worn leather, etc.
Either way, if your an owner, future owner, or seller, come down to Huntsville sometime and meet with the local club. Valley Vettes meets every first Tue. of the month, 6:30pm @ Waterford Sq. apartments on S. Parkway. Next meeting is Feb. 3.
Either way, if your an owner, future owner, or seller, come down to Huntsville sometime and meet with the local club. Valley Vettes meets every first Tue. of the month, 6:30pm @ Waterford Sq. apartments on S. Parkway. Next meeting is Feb. 3.
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Race Director
Joined: Feb 2003
Posts: 18,484
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From: Everyday you must choose between the pain of discipline and the pain of regret. Fredericktown, OH
Re: Price for a 96 LT4 (lbitp37)
Go to NADA ,KELLY, and other ads to get an idea on what the going price is.
Next, how bad do you want the car vs. the asking price.
You don't state how it is equipted, I,d Guess $13 to $15K. [Modified by lbitp37, 2:01 PM 1/29/2004]
Next, how bad do you want the car vs. the asking price.
You don't state how it is equipted, I,d Guess $13 to $15K. [Modified by lbitp37, 2:01 PM 1/29/2004]
These would be low even for a turd LT-4.
I would guess with that few miles, you would expect something between $22k and $28K. Be ware though, once you start putting miles on it, the price drops to probably $19K - $22K.
Sounds like a great find!