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Old Mar 29, 2005 | 03:10 PM
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Default 2001 question...

I found a 2001 silver vert with 3400 miles. The dealer wants 34000 for it. My concern is that wasn't there a ring problem with the 2001 models and with that low of miles, it probably hasn't shown up yet. How do you check for something like that? Is that price to high??

Thanks...
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Old Mar 29, 2005 | 03:15 PM
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yes some 2001s have that problem, and no there is no way to predict it will happen. Checking the tailpipes (inside) for oil residue may be the only clue
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Old Mar 29, 2005 | 03:56 PM
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Originally Posted by WvCorvette
Is that price to high??
I would say that it's way too high. Is that before negotiating or not? I've seen many low mile 2001 verts come and go for high 20's.

Also, a lot of 2001's have had ring stuff done to fix the oil problem, so that's something to ask about.

Good luck

Last edited by jmliles; Mar 29, 2005 at 04:03 PM.
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Old Mar 29, 2005 | 04:50 PM
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Originally Posted by jmliles
I would say that it's way too high. Is that before negotiating or not? I've seen many low mile 2001 verts come and go for high 20's.

Also, a lot of 2001's have had ring stuff done to fix the oil problem, so that's something to ask about.

Good luck
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Old Mar 29, 2005 | 04:55 PM
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Price does sound high, but surely that's just the asking price. Should come down quite a bit unless vettes are a hot commodity in your area. The gentleman I bought my 01 from said he did not have any oil usage when I asked him about it before I bought it. It only had 10,300 miles on it and he drove it rather easy from talking to him. After my first 800 miles or so, I was a qt low. I have had it in the upper rpm range several times since I had it. If I didn't want to feel any power I would have bought a Camry. (not). They say the 6 speeds are worse than auto's usually on the oil consumption. I am in the process of doing the oil consumption test for the General now as I have extended warranty. Still haven't decided yet if I want our local dealer to a ring job or not. I did talk to the mechanic that would be doing it and he has been with them for 34 years so that made me feel a little better. I'm not sure what percentage had this problem. I belive someone said something about condensation coming from the tailpipes on startup and maybe a puff of smoke when you kick it. I'm sure someone else can help you further.
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Old Mar 29, 2005 | 04:58 PM
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The dealer is swinging for the fence. Spring training. IMHO the price should be under $30000. Beat him down.
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Old Mar 29, 2005 | 05:13 PM
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The ring problem was mainly with the '01s, but some '00s like mine had it too. Mine did not show up until I had about 9000 miles on the car and had the rings replaced at about 11.5K miles. No way to tell if it will be one that is affected or not.

On the price, I would say that it is way high. I think you could get a very nice '01 vert for $28-29K (depending on your location).
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Old Mar 29, 2005 | 05:14 PM
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Thats alot of bread for a 01, tell him 25 and see where he goes from there.
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Old Mar 29, 2005 | 07:08 PM
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Where in northern WV are you?
I am located in New Martinsville and have a 2004 CE coupe.
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Old Mar 29, 2005 | 07:37 PM
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Badbone...I am just north of Wheeling.
Thanks for all the valuable info...basically it sounds like its a crap shoot when you buy a vette. Most win, but some lose!!
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