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Are C5's selling?

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Old Jul 18, 2007 | 04:36 PM
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Default Are C5's selling?

http://forums.corvetteforum.com/show....php?t=1727825

Five weeks on the market and not so much as an email or phone call to speak of. What's going on?

She's listed here, my local forum aizonacorvetteenthusiasts.net, Craig's List, AutoTrader, Cars.com, in both newsprint & online versions of my local paper.

How long has it been taking to sell your C5's in the recent market?

BTW, we have new baby is on the way (TPW 8/6: 1YY07, 89U, 316, LS3, MX0, 3LT, QX3, F55, U3U, GU2)

Last edited by vettetax; Jul 18, 2007 at 04:41 PM.
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Old Jul 18, 2007 | 04:38 PM
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nice looking car, can't believe it is still for sale. good luck
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Old Jul 18, 2007 | 04:43 PM
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could be because of the high mileage..besides that it's a fair price
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Old Jul 18, 2007 | 04:48 PM
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Price is the issue.
Your car because of the mileage without the mods in excellent condition is a $23K car here in MI.

For $28K I can have my choice of several fully equipped certified used cars form a dealership with mileage in the 20's and low 30's
Mods can in fact detract from the value since many avoid modded cars for fear that they have been run hard....at best you will get 50% of what you put into them for parts and nothing for the labor.

You suffer a double whammy because many avoid a 4 year old car with 80K miles. Many Vettes are on the market as summer only cars with 4K/yr (16K miles for an '03)

Your best bet for a fast sales is to return the car to bone stock, that opens up the prospective buyers list and avoids the concern associated with modded cars. Then sell the used performance/bling accessories here in the C5 parts section or on that unmentionable online auction site.

Last edited by rws.1; Jul 18, 2007 at 04:55 PM.
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Old Jul 18, 2007 | 05:07 PM
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Originally Posted by rws.1
Price is the issue.
Your car because of the mileage without the mods in excellent condition is a $23K car here in MI.

For $28K I can have my choice of several fully equipped certified used cars form a dealership with mileage in the 20's and low 30's
Mods can in fact detract from the value since many avoid modded cars for fear that they have been run hard....at best you will get 50% of what you put into them for parts and nothing for the labor.

You suffer a double whammy because many avoid a 4 year old car with 80K miles. Many Vettes are on the market as summer only cars with 4K/yr (16K miles for an '03)

Your best bet for a fast sales is to return the car to bone stock, that opens up the prospective buyers list and avoids the concern associated with modded cars. Then sell the used performance/bling accessories here in the C5 parts section or on that unmentionable online auction site.

I know that is not what you want to hear, but the mods don't hold their value. Trying to sell a modded car is difficult. Plus after reading all kinds of threads about warranty issues with mods that may not be so inticing.
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Old Jul 18, 2007 | 05:12 PM
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Recession On the brink out here in California

The Chevrolet in Temecula California has 2 ROWS of C6's they can't sell, I would say they have 50-60 sitting outside on the lot, damn my local Chevy dealer has had Z06 piling up on the lot asking msrp and not getting it. Gonna be a few years till real-estate starts coming back up.
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Old Jul 18, 2007 | 05:16 PM
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Thanks for the blunt, but realistic feedback. At least she's paid for, so my overhead is minimal.
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Old Jul 18, 2007 | 05:43 PM
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Originally Posted by MY03Vette
I know that is not what you want to hear, but the mods don't hold their value. Trying to sell a modded car is difficult. Plus after reading all kinds of threads about warranty issues with mods that may not be so inticing.
I am just wondering how you can still have a warranty in effect with that many engine mods to pump up the HP. Wouldn't those mods void your warranty?

I, too, think you should put the car back in stock condition as best you can and sell your mods separate to recover some of your mod money.
I, personally, would never buy a Corvette that has been modded to boost performance because of the fear that it was run hard.

Good luck selling your car!
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Old Jul 18, 2007 | 05:49 PM
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Originally Posted by elctroman
could be because of the high mileage..besides that it's a fair price
Yes..80,000 is alot of miles for a $28,000 car..
Easier sale to return it to stock and lower the price..eventually
it will go..
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Old Jul 18, 2007 | 05:50 PM
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Originally Posted by FLACHUSNRET
I am just wondering how you can still have a warranty in effect with that many engine mods to pump up the HP. Wouldn't those mods void your warranty?

I, too, think you should put the car back in stock condition as best you can and sell your mods separate to recover some of your mod money.
I, personally, would never buy a Corvette that has been modded to boost performance because of the fear that it was run hard.

Good luck selling your car!
If you make nice with the service manager at your local dealership, they will usually help you out. I found a dealership in CA that I liked and it turned out the Service Manager had a modified Vette himself and he always hooked me up.

Keep looking until you find one, they are out there.

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Old Jul 18, 2007 | 06:21 PM
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I wouldn't touch a modded car unless I really knew the person selling it.
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Old Jul 18, 2007 | 06:24 PM
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Just out of curiosity, was the rear of that car ever repainted? From the pic it looks like the door and rear quarter panel don't quite match?
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Old Jul 18, 2007 | 06:58 PM
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OK, another 2 cents, you have a nice looking car. If I were looking for a coupe with Z06 power and lots of miles, I would look at your car. I think for the price, the miles are too high.
I picked up a 01 Vert last August with 10k on it for the same price. With that being said, it's not a slam on your car, I think with as many places you have it listed and you have not gotten any calls, it is price.

Re look at where you have it priced.
Good Luck, Vinnie
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Old Jul 18, 2007 | 07:09 PM
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Originally Posted by rcs128
Just out of curiosity, was the rear of that car ever repainted? From the pic it looks like the door and rear quarter panel don't quite match?
No, that's just the metallic paint and a couple of layers of Zaino after clay barring.

In the C6 section we're going nuts analyzing the new '08 Crystal Red Metallic because EVERY shot is different.
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Old Jul 18, 2007 | 07:14 PM
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Originally Posted by FLACHUSNRET
I am just wondering how you can still have a warranty in effect with that many engine mods to pump up the HP. Wouldn't those mods void your warranty?

I, too, think you should put the car back in stock condition as best you can and sell your mods separate to recover some of your mod money.
I, personally, would never buy a Corvette that has been modded to boost performance because of the fear that it was run hard.

Good luck selling your car!
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Old Jul 18, 2007 | 07:26 PM
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Originally Posted by FLACHUSNRET
I am just wondering how you can still have a warranty in effect with that many engine mods to pump up the HP. Wouldn't those mods void your warranty?
It's an after-market warranty. Have had it nearly four years on the car with no issues and the CarFax proves it.
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Old Jul 18, 2007 | 07:31 PM
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mods,, too high mileage, simple as that... car is worth what someone is willing to pay, and if you havent received any calls, you have a choice. forget it or lower it...
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Old Jul 18, 2007 | 07:34 PM
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BTW - Great Looking Vette!


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Old Jul 18, 2007 | 07:57 PM
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I'm not saying you have, but with those mods and miles, I would worry about the owner really beating on it. For that many miles/money/mods, I would definitely move on.
JMO.
Good luck.
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Old Jul 18, 2007 | 09:32 PM
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Return it to stock, lower the price and then sell the mods separately.
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