Thanks for the comments on my situation. It did not take me long to leave the dealer with my car which I still have.

 

and you have the best color as well

 

I just sold a 2001 Coupe with 51k Loaded for $19, Perfect Condition, NOBODY would touch it for $20, I couldnt believe it. Good Luck with sale though,
It was a MN6 too

 

private sale?

 

Thats not what I was getting at. I have both a C5 and a C6. My comparison was for pricing only. The OP was asking what his C5 was worth. Both the C5s and the C6s are coming down in price quite rapidly due to the price of gas mostly.

 

Well, I was responding to the comment "for a few $$ more you could buy a C6"....I stand by my statement that not everyone likes the C6....I have a C6Z and two C5s...I personally dont like the C6 Coupe or Convert....

I dont really think the price of gas has much to do with the declining values of Corvettes....All three of my Vettes get better mileage than my wifes Monte SS, and it has a V6..

 

I personally don't like the c5 vert so I guess that makes us even! Chill out man!

 

Must be nice huh

 

Yup it is...but all of my Vettes are bone stock with the exception of K&Ns and Corsas....Ive seen guys dump $25K into mods ALONE on a C5....and C6Z guys dump more than that into their cars....Id rather have several rides and keep them pretty much stock and affordable....

Also, both my C5s are 1999s....worth about what a couple Honda Accords are...In fact, that's one reason I kept my C5 Coupe when I bought my C6Z....When I discovered what the dealership would give me in trade for it I decided Id let the tires rot off of it first....
Funny, when I first started looking at the C6Z in 2006 my local dealer wanted BOTH my C5s (Coupe & Convertible), my Harley, my SSR AND $5K cash for a new Z-06...Needless to say I didnt take him up on his offer.....I waited two years for the prices to come down.....and come down they did....When I first started looking at the C6Zs they were fetching $10K OVER MSRP.....I bought mine for $15K UNDER MSRP!!...That's a $25K swing in just two years....That savings was one reason I decided to keep my Coupe...Besides, the NVADER was my first Vette....Lots of sentimental value with that car......I dont drive it much anymore, but it still looks DAMN GOOD!!!
The car is as perfect as they come...42K miles.....Not a scratch, tear, etc...Had a local businessman make me a "very" reasonable offer on it last week....told him Id think about it...But Im thinking it matches the wifeys convertible (NFLIGHT), so I'll probably keep it.....until his offer goes from "very" reasonable to "EXTREMELY" reasonable that is"

 

Chill out???...Damn, didnt know I was getting hot...
Thing is, I just HATE seeing folks selling their Corvettes and taking a beating on them...We're talking about a car that sold between $40K and $60K (depending on options) five years ago and now people cant get $20K out of them...It's sad......I realize none of us bought these cars as a financial investment, but damn, losing that kind of money BLOWS!!!!....

I still dont think it's a gas price issue....Ive never met anyone that sold his/her Vette because of gas prices...Those that I know of sold their Vette to upgrade or because of financial hardships...

BTW, NICE photowork on your profile!!
and while Im at it....What's NOT to like about the C5 Vert?? (Besides that BIG ol' BUTT??)

 

As my friend in the used car business says "It only takes one (buyer).
Run it in the "For Sale" and see.

 

I luv that BUTT

 

A guy I work with, who is also a forum member, sold his 17,000 mile, 1998 coupe for $20,000 about 6 weeks ago. He was only asking $19,000 in the ad, but two guys were wanting it and I guess one of them wanted it more, because he offered him the $20,000.

http://forums.corvetteforum.com/show...t=white+arctic

 

For better or worse, the price of gas is causing a certain irrationality. Which most of us here understand to be pointless - 20-30 MPG out of a car like the C5? But most folks don't believe it. I've done impromptu surveys, asking friends what they thought my car got for gas mileage, and the average guess was about 14. Everyone is undergoing gasoline panic - I remember that from 1975, when gas hit half a buck. It had about doubled in 3-4 years.

At that time, I bought my 1969 GT500 for $3100. Sounds great today, but you could buy a 428CJ R-code Mach 1 for about $2500. And the Shelby had sold new for $5500 just six years earlier. Oh, and the going price for a 427 Cobra at that time was just creeping up on $10k.

I'm with the "enjoy it now" crowd. I bought this vert, and it's predecessor coupe, used for under half of new price - about in line with the R-code (ram air) big block Machs from my youth in terms of new price to six year old price. I bought the car because I enjoy it. I've seen a comment or two about a $60k car having to be worth more than ex thousand dollars. Why? It's a car... It's worth just what you are willing to pay for it.

The thing that hits prices is when a load of people need to get cash, or get rid of payments. Then the market gets flooded, and the price drops. Unlike housing, though, nobody NEEDS a Corvette.

I'll never see the $28k I paid for my vert, even with the low production options and M6 trans. My daughter might, years after I'm gone, but if I enjoy it, what the heck. The alternative was an Accord Hybrid, or a $30k Ford Escape hybrid. I bought myself $28k worth of entertainment. I'm into middle age, and with a little bad luck, it might last me the rest of my life.

Put another way, I sold a house a few years ago for $300k. It sold about two years ago for $900k plus. Now it's worth maybe $700k, probably less. In the San Francisco suburbs. I still feel like a chump for selling early, but how do you think the guy with $900k in it feels now?

If you want to invest, and want to do it in cars, look at classic muscle cars. But I've said before, my Shelby is an antique. It's the age the Model A Fords were when I was in high school. The difference is that instead of WWII vets riding in it for parades, now it's Vietnam vets. Dang! We're the geezers now! A 1963 split window coupe is an investment. And an antique. A C5 is a car. And a kick in the pants.

Now, I'm going to start packing for my wife and my trip to the coast. I figure that I don't lose any money on the Vette if I don't sell it, and the stress relief is worth the price. Oh, and my first car was a '57 Chevy 210 Del Rey 2-door. Dad gave it to my in 1969 because he could only get $200 trade-in on it against a new F100 pickup.

My last comment takes the form of a question. Would you rather have an antique, climbing in value but impossible to enjoy, or a car?

 

Here is a comment from the other side. I just purchased an 01 vert with 35K miles on it through a private party paying cash for it. Three factors influenced my decision.

1. Financing for private party purchasing is almost non-existent right now. Many banks and almost all of the online financing are either eliminating private party financing or charging astronomical rates for it.

2. Dealers (who know # 1 above but can get financing) are charging a kings ransom for the cars (local stealer had a similar car to mine with 45K miles for $31K)

3. Amount of cash on hand because of # 1 and #2

 

GREAT points!!!!...Speaking of 428CJ R code Mach 1s....Here's a blast from my past....

 

I've had mine for sale for quite awhile and the only calls I get are from those anoying internet broakers who want me to spend more money and list with them.
I set my price by averaging KBB, Edmonds and NADA. No takers. My wife now drives it as her commuter car, I told her to "drive it like you stole it". At least we'll get some use out of it.
Good lukck with your sell,

 

As for WHERE to sell it, the C5's For Sale section on this forum was a great place for me when I sold mine. I sold my 2002 coupe in February of this year. car had 22450 miles, mint condition, sold in 4 days for $28500

 

For better (buyer) or worst (seller) the prices of pre-owned vettes are dropping- fuel prices, inventory and general economy is the issue.
I purchased a mint condition 02 vert-corsa exhaust, several interior mods with 15K miles for $27,000 a little over a month ago! It listed for $54,000 in 02.

I likewise am amazed at how the prices are dropping but if your a buyer-it's a good time to be in the market!

 

hm.. Car max offers free appraisal, that good for 2 weeks and you don't have to buy any of their cars..
GL