Think C5 values are down? LOOK!
Melting Slicks
Joined: Dec 2004
Posts: 3,219
Likes: 1
From: Somerset Co, NJ
Originally Posted by deercula
This is a nice low mileage 2000 FRC in a low production color. Sold for over 25K at auction. Are the Hardtops holding their value more than coupes? Are the FRC's going to be the collectors of the C5 era?
http://cgi.ebay.com/ebaymotors/ws/eB...tem=4603316498
for $24,200 car's orig sticker was $38,555 for standard veh. price, $43, 319.00 total with options ( car was mfg'd in 3-00, and originally purchased in 12-00) I'm second owner now.
And if I overpaid, I don't care, 1 They're not easy to come by, and 2 Considering the awesome condition of this car, I felt it was worth the price!and 3 I really wanted it! ( I didnt want to compromise, see RonC!'s post! I couldn't agree more!It was 30 mins from me, ...and I also inspected it and test drove it, and fell in love!
)
Last edited by C5Jimmy; Jan 20, 2006 at 06:24 PM.
Le Mans Master
Joined: Jul 2004
Posts: 7,727
Likes: 7
From: Twilight zone
St. Jude Donor '05-'06
with Ron C's post. Corvette owners are not always the thriftiest of types anyway 
While everyone loves a good deal,once you make that connection with a car,the price doesn't seem quite as important to me
Others may think differently,but when I shop for something,once I see what I want.....The decision is made
It's just a matter of the best deal I can make at that point 
Safety Car
Joined: Jan 2000
Posts: 3,905
Likes: 250
From: Orlando FL
What makes me chuckle are people that will say this guy paid too much for his dream car, when they turn around and drop $30K worth of mods into their car and be lucky to get back 20 cents on the dollar.
Race Director
Joined: Mar 2003
Posts: 10,789
Likes: 894
From: Northern Illinois
Oldtimer
Originally Posted by Ron C!
Maybe not. If a Nassau Blue FRC is what you lust after, that one is as nicer than most you will find. It is worth paying a bit more and getting exactly what you want. Why settle?
If it's the car the purchaser wanted, then so be it. I know what I'd ask for mine if I ever decide to sell it, which would be well above market value. I'm not foolish enough to think I'd sell it overnight, but I do know that there's someone out there who's willing to pay my asking price.
Drifting
Joined: Mar 1999
Posts: 1,250
Likes: 1
From: Greensboro NC
Originally Posted by DJN
Somebody overpaid. 
Drifting
Joined: Mar 1999
Posts: 1,250
Likes: 1
From: Greensboro NC
Originally Posted by C5Jimmy
I just bought last month, a 2000 FRC, black, with 35k miles, and in showroom conditon (honestly, this car is pristine), with the following options: polished aluminum wheels, Bose speaker/amp sys, 12 cd changer, active handling, HUD, a/c electron. dual zone, 6 way power driver seat, fog lamps, lamp group, floor mats, lic plate frame)Car is 100% stock, no mods at all
for $24,200 car's orig sticker was $38,555 for standard veh. price, $43, 319.00 total with options ( car was mfg'd in 3-00, and originally purchased in 12-00) I'm second owner now.
And if I overpaid, I don't care, 1 They're not easy to come by, and 2 Considering the awesome condition of this car, I felt it was worth the price!and 3 I really wanted it! ( I didnt want to compromise, see RonC!'s post! I couldn't agree more!It was 30 mins from me, ...and I also inspected it and test drove it, and fell in love!)
for $24,200 car's orig sticker was $38,555 for standard veh. price, $43, 319.00 total with options ( car was mfg'd in 3-00, and originally purchased in 12-00) I'm second owner now.
And if I overpaid, I don't care, 1 They're not easy to come by, and 2 Considering the awesome condition of this car, I felt it was worth the price!and 3 I really wanted it! ( I didnt want to compromise, see RonC!'s post! I couldn't agree more!It was 30 mins from me, ...and I also inspected it and test drove it, and fell in love!
)
Le Mans Master
Joined: Nov 2003
Posts: 8,004
Likes: 250
From: Tampa Fl
St. Jude Donor '12-'13-'14
I paid exactly what my car was worth in 2003. It wasnt a bad deal and wasnt a great deal. It was fair market value.
3 years later the car dropped $10,000.00, but you have to expect that.
I still love the car because it is exactly color and type I wanted
3 years later the car dropped $10,000.00, but you have to expect that.
I still love the car because it is exactly color and type I wanted
Instructor
Joined: Dec 2005
Posts: 179
Likes: 0
Originally Posted by DJN
Somebody overpaid.
That is like owning a stock for $20 a share, today it is worth $15 a share and you are holding on to it, do you say I lost $5 per share (no). You only lose money if you decide to sell it.
Just a thought!
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Thread Starter
Instructor
Joined: Aug 2004
Posts: 169
Likes: 1
Originally Posted by MARK's_C5TT
it sold for a tad more than the book retail price. Fact is that the car's True Market Value is worth about $20K even if someone paid $30K for it. The guy buying it overpaid. There is a sucker born every minute.
If the C5's were truly holding great value, then a 27K mile car's true market value would be more than $20K.
If the C5's were truly holding great value, then a 27K mile car's true market value would be more than $20K.
Race Director
Joined: Mar 2001
Posts: 10,030
Likes: 10
From: Prescott AZ
St. Jude Donor '04
Originally Posted by Ron C!
What makes me chuckle are people that will say this guy paid too much for his dream car, when they turn around and drop $30K worth of mods into their car and be lucky to get back 20 cents on the dollar.
100% that cracks me up !!!
Former Vendor
Joined: Feb 2004
Posts: 10,876
Likes: 8
From: Las Vegas NV
St. Jude Donor '06 & '12
Originally Posted by TPR492
Friend of mine who owns a garage told me he was making a private party deal on an 01' Red loaded with 45K on it for $18,000
Safety Car
Joined: Oct 2005
Posts: 4,000
Likes: 1
From: henderson nevada
It sometimes sounds like the more "knowledge" through Corvette Forum, Ebay etc. we acquire about prices, specs, etc. on these cars.... the less we care. I just bought my used O1, 2 years ago because I thought it looked cool and 30,000 grand seemed cheap at the time. (I didn't research the prices etc. at all and didn't know anything about Corvettes) I think I have learned one thing over time after buying this. I overpaid, and I always do for toys. You should see the age-inappropriate junk I buy for my 10 month old. 
Former Vendor
Joined: Feb 2004
Posts: 10,876
Likes: 8
From: Las Vegas NV
St. Jude Donor '06 & '12
Originally Posted by deercula
Some of you seem to think he overpaid. There were SIX bidders that bid OVER 20K. Several of them appear to be dealers. I think that shows the value better than any price giude, or what someone paid for something else. To me market value is what the car sold for today, not what a book or website ESTIMATES. I wonder what it would have sold for on the open market private sale or at a dealer? I guess that because I own one, I want to see the FRC be in demand.
This is the auction report as of today. This is based on a 2000 FRC 6spd.
Auction Averages
For Week Ending Jan 15
Above Average Below
Sale Price $21,770 $18,450 $15,130
Mileage 40,269 63,536 86,803
Total Sold All 6
Average Auction Mileage 63,536
Prices are based on more transactions than shown under 'Transactions', above.
Jan 20 - Jan 27 2006 Estimated Dealer Purchases
Above Average Below
Auction $23,000 $20,800 $18,700
Est. Retail $25,100 $22,800 $20,400
Average Auction Mileage 27000 (Manual Change)
1996-2004 Man**** Auctions V 3.3.10
Auction Averages
For Week Ending Jan 15
Above Average Below
Sale Price $21,770 $18,450 $15,130
Mileage 40,269 63,536 86,803
Total Sold All 6
Average Auction Mileage 63,536
Prices are based on more transactions than shown under 'Transactions', above.
Jan 20 - Jan 27 2006 Estimated Dealer Purchases
Above Average Below
Auction $23,000 $20,800 $18,700
Est. Retail $25,100 $22,800 $20,400
Average Auction Mileage 27000 (Manual Change)
1996-2004 Man**** Auctions V 3.3.10
Last edited by Jeff @ TPE; Jan 20, 2006 at 08:38 PM.
Team Owner
Joined: Jun 2001
Posts: 55,394
Likes: 1
Originally Posted by deercula
Some of you seem to think he overpaid. There were SIX bidders that bid OVER 20K. Several of them appear to be dealers. I think that shows the value better than any price giude, or what someone paid for something else. To me market value is what the car sold for today, not what a book or website ESTIMATES. I wonder what it would have sold for on the open market private sale or at a dealer? I guess that because I own one, I want to see the FRC be in demand.
Safety Car
Joined: Jan 2000
Posts: 3,905
Likes: 250
From: Orlando FL
Worth is very subjective. I paid $26K for my 2000 18 months ago. Did I overpay? I think not. The car was worth that to me because it was the exact car I wanted, just as I would have ordered it new. Keep in mind also that the published guides are based on non-emotional value. The dealers pay based on what they think they can sell the car for. It is a different attitude. I bought Corvettes for a dealer in South Fl for several years in the late 80's. I have always paid more for my personal cars than I would pay for a car for resale. Didn't matter if it was a color I didn't care for, somebody will like it. It is the emotional factor.
Burning Brakes
Joined: Dec 2001
Posts: 901
Likes: 15
From: Punta Gorda, FL
Originally Posted by Ron C!
My point is this. You need to shop car not price. The price guides may or may not be on the money. They deal in assumptions and generalities. Let's take this Nassau FRC for example. Let's assume that for what ever reason that you have made up your mind that this is the car you want. You search the country for one, maybe you find 3 or 4 for sale at any given time due to how few have been made. You find that this car is in far superior condition to the others. It has the wheels that you want, it has low miles, has not been raced and beat on. What do you do? Do you pass because some internet site says that it should only cost $21K? Do you settle for a red car with 45K miles that is only acceptable because it is $3K less? Not me. I will make the best deal I can on the car I WANT. And to be honest, I have been dissapointed in the long run every time I have "settled" for something that is not exactly what I wanted. Never pass on "the" car if it is within your means, you never know when you will find it again.
I overpaid for both of mine. They had to be exactly what we wanted with no compromises. Once found after long searches the 'deal' was secondary.
Racer
Joined: Jul 2004
Posts: 327
Likes: 0
From: McKinney Tx
Originally Posted by Ron C!
What makes me chuckle are people that will say this guy paid too much for his dream car, when they turn around and drop $30K worth of mods into their car and be lucky to get back 20 cents on the dollar.
Pro
Joined: Nov 2005
Posts: 605
Likes: 0
The thing no one has pointed out is that people tend to overpay for stuff on eBay all the time. Somehow they get into a "gotta have it" mentality.
Now I'm not saying this was the case here, but I've seen it enough where someone says "I'll just place one more bid to get it..."
Now I'm not saying this was the case here, but I've seen it enough where someone says "I'll just place one more bid to get it..."
Safety Car
Joined: Mar 2004
Posts: 4,703
Likes: 1
From: Don't taze me 'Bro! VA
Just saw a 2001 Zo6 for 29K at a local Chevy dealer here in Northern Va. Don't know the exact mileage, but I can tell from looking at the car it's low. Seemed like a real good price to me!