need opinion on car...
Thread Starter
Race Director
Joined: Oct 2006
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From: Glastonbury CT.
St. Jude Donor '11-'12-'13-'14-'15-'16-'17,'20, '21,'22, '23
need opinion on car...
I have a chance to buy a 2000 Z51. It has about 19,000 miles on it; outside and inside are excellent and it has engine/suspension/drivetrain modifications. RWHP about 425. The car appears prestine and the mods were recently done.
Private value blue book is about 23k for excellent condition, however, this car is in real excellent condition and is modified.
What would be a good/fair price to purchase the car, in your opinion. I am new to the covette scene (although I owned a '60' in '63' ). Thax.
777
Private value blue book is about 23k for excellent condition, however, this car is in real excellent condition and is modified.
What would be a good/fair price to purchase the car, in your opinion. I am new to the covette scene (although I owned a '60' in '63' ). Thax.
777
Le Mans Master
Joined: Sep 2000
Posts: 6,101
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From: ABQ NM
Cruise-In II Veteran
As they say in the auction business, a car is worth whatever a buyer will pay for it. Cars with mods are tricky. Generally speaking the seller of such a vehicle will be lucky to get half of his original mod costs back on resale. That is why you'll sometimes see a person returning the car to stock and selling off the performance add-ons separately. But if a buyer is looking for a particular car with particular features, chances are the seller will get a few more $$ for his troubles.
I suppose you'd really need to get an idea as to how much money was spent on the mods, and from whom, to make an educated offer....
I suppose you'd really need to get an idea as to how much money was spent on the mods, and from whom, to make an educated offer....
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From: Kerrville, Texas USA Hook 'em Horns!
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St. Jude Donor '03-'04-'05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16-'17
I would go on autotrader.com and see what similar stock vehicles are going for in your area. Then use that and the "lust factor" to determine how much you are willing to pay for it. I gotta tell you, a car with 425 rshp is gonna be a blast to drive. I've got 381 rwhp and love it! 
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Joined: Feb 2006
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From: Myrtle Beach SC
Originally Posted by blackwithyellowta
I would get the reciepts for the mods as well!
A local guy around here got a stroker motor with a bunch of receipts & what he got were stock heads & a smaller/different cam than what the receipt said. Bye bye $4k. But to each is own.
Thread Starter
Race Director
Joined: Oct 2006
Posts: 13,404
Likes: 55
From: Glastonbury CT.
St. Jude Donor '11-'12-'13-'14-'15-'16-'17,'20, '21,'22, '23
Thax for the feedback.
My offer was 24k but he wants 25. Twenty-Five seems borderline high. It is a tough call for me.
I am torn between this low milage, modified 2000 Z51 and a 2001 ZO6.
I guess it comes down to personal preference as I don't think there are overwelming reasons to pick one car over the other.
777
My offer was 24k but he wants 25. Twenty-Five seems borderline high. It is a tough call for me.
I am torn between this low milage, modified 2000 Z51 and a 2001 ZO6.
I guess it comes down to personal preference as I don't think there are overwelming reasons to pick one car over the other.
777
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Joined: Feb 2006
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From: Myrtle Beach SC
If the blue book value is 23k for a stock vette then figure out how much the mods total up to then figure out what it would cost in labor provided you're not doing the labor yourself.
Is 75 hp + suspension/drivetrain modifications worth 2k to you?
Is 75 hp + suspension/drivetrain modifications worth 2k to you?
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Joined: May 2004
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From: Naples Florida
Originally Posted by basicstrategy777
I have a chance to buy a 2000 Z51. It has about 19,000 miles on it; outside and inside are excellent and it has engine/suspension/drivetrain modifications. RWHP about 425. The car appears prestine and the mods were recently done.
Private value blue book is about 23k for excellent condition, however, this car is in real excellent condition and is modified.
What would be a good/fair price to purchase the car, in your opinion. I am new to the covette scene (although I owned a '60' in '63' ). Thax.
777
Private value blue book is about 23k for excellent condition, however, this car is in real excellent condition and is modified.
What would be a good/fair price to purchase the car, in your opinion. I am new to the covette scene (although I owned a '60' in '63' ). Thax.
777
Team Owner
Joined: Aug 2003
Posts: 24,987
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From: Kerrville, Texas USA Hook 'em Horns!
CentralTX Events Coordinator
St. Jude Donor '03-'04-'05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16-'17
Originally Posted by XRecon
If the blue book value is 23k for a stock vette then figure out how much the mods total up to then figure out what it would cost in labor provided you're not doing the labor yourself.
Is 75 hp + suspension/drivetrain modifications worth 2k to you?
Is 75 hp + suspension/drivetrain modifications worth 2k to you?
If it were me, I would take the modded car for that price. I would insist upon running it on a dyno of my choice first to make sure the numbers are real. I would also check the car to make sure it doesn't run hot or have any other issues after the dyno.
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