I must be crazy!
Thread Starter
Heel & Toe
Joined: Dec 2006
Posts: 18
Likes: 0
From: St. Davids Pa
I must be crazy!
With the economy and gas prices in the dumps why hasn't the price of Corvettes gone down? I think people with these cars will have to rethink whether they want to really sell them or not. Must of the cars in the C5 section are over priced by at least 10%. Come on guys and gals get real!!! I would like to buy a newer C5 but you have people who want over $20,000 for a car that has over 50,000 miles on it. Am I crazy or what??
Last edited by ZeeDaddy; Mar 19, 2008 at 09:58 PM.
Race Director
Joined: Aug 2003
Posts: 13,421
Likes: 8
From: Lake Mary Florida
Ok 10% on 30,000 is what 3,000. If you feel the particular one your interested in is worth 10% less, make the owner an offer. They may feel that way too an accept your price. Or they may feel their property is worth every dime they are asking for it.
Corvettes traditionally don't depreciate like other vehicles. Although when we are in the market to buy one we wish they were, but when we want to sell it then we are not.
Remember that a Corvette get's close to 30 mpg on the highway. So gas prices are not a big factor here. People look at them and think high horsepower equals bad gas mileage but not true.
Make an offer or keep looking. What does places like KBB state the price ranges are for the year and mileage your looking at?
Corvettes traditionally don't depreciate like other vehicles. Although when we are in the market to buy one we wish they were, but when we want to sell it then we are not.
Remember that a Corvette get's close to 30 mpg on the highway. So gas prices are not a big factor here. People look at them and think high horsepower equals bad gas mileage but not true.
Make an offer or keep looking. What does places like KBB state the price ranges are for the year and mileage your looking at?
Drifting
Joined: Oct 2006
Posts: 1,773
Likes: 2
From: San Diego CA
I have a small SUV, a sedan, and my Vette (not a DD)...... Believe it or not, the vette gets the best gas mileage of all of them...
Well, it does if I keep my foot out of it........
Burning Brakes
Joined: Jan 2005
Posts: 900
Likes: 0
From: New Bern NC
Are you the guy that has a Z28 with a lot of nick nacks on it? Familiar w/ NC Outlaw?
Not everyone can afford to run out and buy a corvette. Most people that own them can afford not to negotiate.
Fill out the profile!
Not everyone can afford to run out and buy a corvette. Most people that own them can afford not to negotiate.
Fill out the profile!
Safety Car
Joined: Aug 2007
Posts: 4,506
Likes: 0
From: This is not a Song, It's an Outburst: Or, The Establishment Blues; Sixto Diaz Rodriguez
You're right, I've got a 2000 4-Runner 6cyl, a 2001 Camry 4cyl, and the 2000 Vette, the 4-Runner gets the worst mileage, and all are very well cared for.
Team Owner
Joined: Apr 2001
Posts: 54,204
Likes: 180
From: S.W. Ohio. . . . . . NRA Life Member
right now; those that can buy a Corvette aren't really effected by what's going on.
curious; how one says that. Corvettes up for sale right now are there for a reason; the owner/dealer wants to sell them. If the prices are truly too high and negating the sale of the car... how does this benefit those wanting to sell ?
like others said; make an offer. For those not willing to wheel & deal... then you'll always pay more... but it's only fair to place blame on yourself. I have never paid asking-price on a used car purchase.
On Yvonnes recent purchase of a 2003 AE Vert with 5400 miles; the guy wouldn't budge on his price. Two days later we had a signed agreement for $6500 less. And everyone I know is this way; doing the same wheelin & dealin. I have no special talents in negotiating this.
exactly; just click on "User CP" near the top.
then on "Edit Profile"
But I agree with you that a lot of cars are over priced.
like others said; make an offer. For those not willing to wheel & deal... then you'll always pay more... but it's only fair to place blame on yourself. I have never paid asking-price on a used car purchase.
On Yvonnes recent purchase of a 2003 AE Vert with 5400 miles; the guy wouldn't budge on his price. Two days later we had a signed agreement for $6500 less. And everyone I know is this way; doing the same wheelin & dealin. I have no special talents in negotiating this.
exactly; just click on "User CP" near the top.
then on "Edit Profile"
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Team Owner
Joined: Feb 2003
Posts: 37,329
Likes: 12
From: Plano Texas
CI 6-7-8-9 Veteran
CI-VI Car Show Winner
St. Jude Donor '07-'08-'09-'10-'11-'12-'13
With the economy and gas prices in the dumps why hasn't the price of Corvettes gone down? I think people with these cars will have to rethink whether they want to really sell them or not. Must of the cars in the C5 section are over priced by at least 10%. Come on guys and gals get real!!! I would like to buy a C5 but you have people who want over $20,000 for a car that has over 50,000 miles on it. Am I crazy or what??
A total of 14 posts for the noOb, and this thread criticizes owners for selling their Vette's for an amount the market will bear
Maybe the Vettes are not overpriced as you state - it may be that you cannot afford one at any price
Drifting
Joined: Oct 2005
Posts: 1,435
Likes: 0
From: Saint Louis MO
Fourteen posts in two years. You must not be too involved in the community. David
I'll drink to that!!!!
Instructor
Joined: Jan 2008
Posts: 221
Likes: 0
From: Charleston SC
I guess I'm crazy
. Just sold my C4. Told myself "I'm gonna take my time and find the right C5. Less than 48 hours later 
,me and my brother in law were making a 10 hour round trip to purchase my 99 ss vert. 
48K miles for just a tick over $20k. I'll post pics soon.
. Just sold my C4. Told myself "I'm gonna take my time and find the right C5. Less than 48 hours later ,me and my brother in law were making a 10 hour round trip to purchase my 99 ss vert. 48K miles for just a tick over $20k. I'll post pics soon.
Banned Scam/Spammer
Joined: May 2006
Posts: 4,285
Likes: 3
From: Fort St John B.C
Since gas is getting/gotten terribly expensive, and corvettes get great mpg if wanted wouldn't the price go up generaly speaking?
Then again they arent meant for transporting people around either..................
Then again they arent meant for transporting people around either..................
Race Director
Joined: Mar 2007
Posts: 16,154
Likes: 0
From: Kali
St. Jude Donor '11
With the economy and gas prices in the dumps why hasn't the price of Corvettes gone down? I think people with these cars will have to rethink whether they want to really sell them or not. Must of the cars in the C5 section are over priced by at least 10%. Come on guys and gals get real!!! I would like to buy a C5 but you have people who want over $20,000 for a car that has over 50,000 miles on it. Am I crazy or what??
Besides who lost their jobs recently? Most are still as employed as they were when "the economy was good".
Burning Brakes
Joined: Jun 2006
Posts: 1,118
Likes: 0
From: Chesterfield MO
St. Jude Donor '06-'07-'08-'09-'10,'13-'14
I will pay top dollar (I have) for a low mileage Vette that has been VERY well taken care of. If you look at Corvette Palace etc.(did not buy there) they are all super clean low miles well maintained cars.
Race Director
Joined: Dec 2005
Posts: 11,664
Likes: 15
From: Wellsboro Pa
By the way, what year is your Corvette???