Need Advice
Thread Starter
2nd Gear
Joined: Jul 2006
Posts: 2
Likes: 0
Need Advice
Hey guys, I feel out of place here on the corvette boards seeing as how I own a mustang, but if all goes well that will change in a few days. I have been trying to trade in my 03 Mustang for a slightly older vette and now I think I found the one, it's an 01 5 speed with 61k miles for 15.6k, does this sound like it is a pretty good deal? Hopefully I wont have to pay much out of my pocket for it if I get a good trade in value. Thanks
harry
harry
Race Director
Joined: Jan 2003
Posts: 14,285
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From: Houston, Tx Got traction?
CI 5-6-7-8-9-10 Veteran
St. Jude Donor '07-'08
an 01 6 speed with 61k miles going for 15.6k that sounds very very cheap...I think the next question is, what's wrong with it? You know what they say about being too good to be true.
Melting Slicks
Joined: Dec 2004
Posts: 3,049
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From: The second childhood is the best one of all.
You are always better off selling your car yourself. Te dealer will only give you wholesale value. If you don't want to mess with it, don't. But remember, you are very unlikely to get "top" value. Ask the dealer if you can take the Corvette to a mechanic to have it checked out. If the car is good, go for it.
Thread Starter
2nd Gear
Joined: Jul 2006
Posts: 2
Likes: 0
Sorry I'm not used to fancy things like 6 speed trannys 
But ya I was thinking that, the car is down in Miami and I'm in Atlanta, so it's going to be tough going down there just to look at it and start negotiating down there, I'm trying to get as far as I can with emails and phone calls.
But ya I was thinking that, the car is down in Miami and I'm in Atlanta, so it's going to be tough going down there just to look at it and start negotiating down there, I'm trying to get as far as I can with emails and phone calls.
Safety Car
Joined: Jun 2003
Posts: 4,510
Likes: 240
From: Coconut Creek FL
I would try to sell your car first- the dealer is going to LOW ball you on the trade...the only thing going for you on a trade is the tax benefit...only pay tax on the difference of the two cars...I just bought my 2000 coupe about 250 miles from me from a private seller...you may want to widen your search in your area a few hundred miles so you can go see and drive the car first...
And I also agree that the price you mention is pretty low considering the market...it would pose some questions in my mind as to what is wrong with it...
I originally looked at an 01 Z06 on a dealers lot - but they would not budge on the price (more then they could have) and I was thinking of trading in a VERY nice clean low mileage truck...they came in $4500 less then Kelley Blue Book trade in!
so I said F**K that and sold it on my own and got my asking price...sure it took 2 weeks...,but I made $5000 in that two weeks!
Cheers- and I am sure there are plenty of Vettes in your neck of the woods!
And I also agree that the price you mention is pretty low considering the market...it would pose some questions in my mind as to what is wrong with it...
I originally looked at an 01 Z06 on a dealers lot - but they would not budge on the price (more then they could have) and I was thinking of trading in a VERY nice clean low mileage truck...they came in $4500 less then Kelley Blue Book trade in!
so I said F**K that and sold it on my own and got my asking price...sure it took 2 weeks...,but I made $5000 in that two weeks!Cheers- and I am sure there are plenty of Vettes in your neck of the woods!
Burning Brakes
Joined: Jun 2005
Posts: 1,171
Likes: 0
From: TN
Cruise-In VII Veteran
Originally Posted by Stangkiller
an 01 6 speed with 61k miles going for 15.6k that sounds very very cheap...I think the next question is, what's wrong with it? You know what they say about being too good to be true.
My 01 w/ 22.5 K 6 speed was $28K, that either seems like the deal of the century or it has hidden problems, good luck!
Melting Slicks
Joined: Jul 2006
Posts: 3,167
Likes: 5
From: Holly Ridge North Carolina
Originally Posted by ZeroGrav
Hey guys, I feel out of place here on the corvette boards seeing as how I own a mustang, but if all goes well that will change in a few days. I have been trying to trade in my 03 Mustang for a slightly older vette and now I think I found the one, it's an 01 5 speed with 61k miles for 15.6k, does this sound like it is a pretty good deal? Hopefully I wont have to pay much out of my pocket for it if I get a good trade in value. Thanks
harry
harry
Race Director
Joined: Apr 2005
Posts: 10,179
Likes: 2,306
From: Wesley Chapel, FL Las Vegas, NV
Originally Posted by Stangkiller
an 01 6 speed with 61k miles going for 15.6k that sounds very very cheap...I think the next question is, what's wrong with it? You know what they say about being too good to be true.
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Drifting
Joined: Mar 2006
Posts: 1,340
Likes: 2
From: ZHills Florida
St. Jude Donor '08
That doesnt pass the smell test. You wont find an 01 ANYTHING for that price if it's legit.
Here's Kelly BB values for a fair condition trade:
That would be absolute rock bottom price on a 01 and that's wholesale to the dealer.
Here's Kelly BB values for a fair condition trade:
Excellent $21,050 Good $19,840 Fair $17,720
That would be absolute rock bottom price on a 01 and that's wholesale to the dealer.
Safety Car
Joined: Apr 2004
Posts: 3,738
Likes: 10
From: Austin, Texas
Yeah, that deal does sound a little "to good to be true" 
BTW, I went from an '02 GT (which I liked a lot) to a '02 C5, and you are going to more than happy once you make the switch. C5's are awesome cars
Don't give up the search if this deal doesn't work out.
BTW, I went from an '02 GT (which I liked a lot) to a '02 C5, and you are going to more than happy once you make the switch. C5's are awesome cars
Don't give up the search if this deal doesn't work out.
Melting Slicks
Joined: Jul 2004
Posts: 2,567
Likes: 1
From: Edmond, OK...One of the first rules of online forums: If you don't like what is said but can't refute it, attack the poster.
Sounds way to cheap to me also. You should have a forum member in Miami take a look at it for you. Members are always glad to help!
jeff
jeff
Race Director
Joined: Nov 2003
Posts: 14,372
Likes: 2
From: Indianapolis IN
St. Jude Donor '05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16-'17
Originally Posted by Stangkiller
an 01 6 speed with 61k miles going for 15.6k that sounds very very cheap...I think the next question is, what's wrong with it? You know what they say about being too good to be true.
At that price there must be something wrong with it.
