C5 prices need to drop
Le Mans Master
Joined: May 2006
Posts: 6,774
Likes: 363
From: Midland TX
Race Director
Joined: Aug 2003
Posts: 13,421
Likes: 8
From: Lake Mary Florida
I just checked the value of my '01 6 Spd Vert with 34K
KBB retail is $27,940. Trade in is $20,775.
NADA retail $26,875. Trade in is $23,625.
Which is exactly about where I expected it to be, in the range of $26-28K.
KBB retail is $27,940. Trade in is $20,775.
NADA retail $26,875. Trade in is $23,625.
Which is exactly about where I expected it to be, in the range of $26-28K.
Drifting
Joined: Jan 2005
Posts: 1,496
Likes: 28
From: San Dimas Ca.
I really don't understand. This is the second thread like this in 2 weeks. Why,why,why, does anybody care what someone else is asking for a car? It is NOBODIES business what any person in the U.S. asks for anything they're selling.
I can and will continue to ask all kinds of stupid prices for the possessions I sell. This is the free market, what part of free market don't you understand? If I am giving it away or asking a ridiculous price it is MY BUSINESS. I don't want your opinion!
Rick
I can and will continue to ask all kinds of stupid prices for the possessions I sell. This is the free market, what part of free market don't you understand? If I am giving it away or asking a ridiculous price it is MY BUSINESS. I don't want your opinion!
Rick
Drifting
Joined: Nov 2007
Posts: 1,616
Likes: 11
From: Newport, RI
C'mon man, have some mercy, lol. 
A contractor needs a pickup, a cop needs a police car, a regular person usually needs a car - but nobody actually NEEDS a Corvette.
The Corvette is really just a toy for big boys, but we do love our toys now, don't we?
-
A contractor needs a pickup, a cop needs a police car, a regular person usually needs a car - but nobody actually NEEDS a Corvette. The Corvette is really just a toy for big boys, but we do love our toys now, don't we?
-
Burning Brakes
Joined: Aug 2004
Posts: 756
Likes: 0
From: dartmouth nova scotia
Drifting
Joined: Jun 2007
Posts: 1,298
Likes: 0
From: Chicago IL
http://www.cars.com/go/search/detail...eadExists=true
http://www.cars.com/go/search/detail...eadExists=true
It's websites like KBB and NADA that makes people sit on their cars for months and months. Buyers are way too educated to use KBB to get an idea of how much they should pay for a car. Especially a specialty car like a Corvette. I think those websites are more accurate if your looking for a Camry or a Honda.
Race Director
Joined: Aug 2003
Posts: 13,421
Likes: 8
From: Lake Mary Florida
Would you pay 26-28k for an 01 vert and 34k miles?
http://www.cars.com/go/search/detail...eadExists=true
http://www.cars.com/go/search/detail...eadExists=true
It's websites like KBB and NADA that makes people sit on their cars for months and months. Buyers are way too educated to use KBB to get an idea of how much they should pay for a car. Especially a specialty car like a Corvette. I think those websites are more accurate if your looking for a Camry or a Honda.
http://www.cars.com/go/search/detail...eadExists=true
http://www.cars.com/go/search/detail...eadExists=true
It's websites like KBB and NADA that makes people sit on their cars for months and months. Buyers are way too educated to use KBB to get an idea of how much they should pay for a car. Especially a specialty car like a Corvette. I think those websites are more accurate if your looking for a Camry or a Honda.
You can look all day long, and find all kinds of deals. My price is my price and particularly in my case that is what its value is, regardless of these wild deals someone might find.
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Drifting
Joined: Jan 2003
Posts: 1,364
Likes: 33
From: Warren Michigan
East MI Events Coordinator
Price
It is unfortunate that most things we own have lost value. I have been through many economic cycles and hopefully this bad one will pass soon. If you think the prices of Corvettes are too high maybe you need to look for another car. This is the same thinking that made the UAW give wage concessions. So much for equal pay for equal work.
The Corvettes have always been special. The most sports car for the money. Do we need them? I think so.
One of the first thing a former owner says is he will buy another one someday. I was once told we really don't own our Corvettes we are caretakers of the car for the next guy down the line.
The Corvettes have always been special. The most sports car for the money. Do we need them? I think so.
One of the first thing a former owner says is he will buy another one someday. I was once told we really don't own our Corvettes we are caretakers of the car for the next guy down the line.
Le Mans Master
Joined: May 2006
Posts: 6,774
Likes: 363
From: Midland TX
I DO!
That is why book values mean nothing to me (either selling or buying). Book values just tell me what the car probably would sell for through the "established" channel - assuming something is probably really wrong with it to the point they could not sell it without trading it in. Book value also shows what the insurability would be, but that is another rant! can you imagine what the spread is on "exotics" between insurability and value going the standard route!
Instructor
Joined: Apr 2003
Posts: 145
Likes: 0
From: Scottsdale AZ
Then Sell yours.
KBB listed mine for 32,000 last summer.
Now it is 26,000.
I had my for sale for 26,500 and got no bites.
I'm don't have to sell it, but not going to lose more money than the market already has called for. Ridiculous post for a corvette forum member. The market is bad therefore, people aren't buying anything. It's not the car. Unless they're looking for mileage, 4 cyl's are selling again.
I still have pride in my car. You can give yours away.
Burning Brakes
Joined: Sep 2007
Posts: 832
Likes: 0
From: PSL FL
I don't give a **** how bad the economy gets. Keep the values up! You're off your rocker...I remember when only mature people owned Vettes and they were an icon and something to behold. Now kids own them and sometimes wreck them which in the end could possibly raise our rates of insurance on our beloved Vettes. Go ahead and price out insurance on a Ram Air Trans Am versus our Vettes (same motor) and the Ram Air will be more I bet. I did price them both out because I love the T/A's but the insurance was $40 more a month because of the age group driving them.
Sorry for the long winded email folks. All in all the Vette doesn't need to go any lower, unless of course I can buy another one to go along side the one I have.
Melting Slicks
Joined: Feb 2007
Posts: 2,533
Likes: 3
From: New fairfield Connecticut
I really don't understand. This is the second thread like this in 2 weeks. Why,why,why, does anybody care what someone else is asking for a car? It is NOBODIES business what any person in the U.S. asks for anything they're selling.
I can and will continue to ask all kinds of stupid prices for the possessions I sell. This is the free market, what part of free market don't you understand? If I am giving it away or asking a ridiculous price it is MY BUSINESS. I don't want your opinion!
Rick
I can and will continue to ask all kinds of stupid prices for the possessions I sell. This is the free market, what part of free market don't you understand? If I am giving it away or asking a ridiculous price it is MY BUSINESS. I don't want your opinion!
Rick
The reason we see threads like this is because alot of guys are looking for a Vette, and obviously, can't afford one.
Pro
Joined: May 2008
Posts: 683
Likes: 0
From: In Bergen County NJ
Dont listen to this person i sold mine 25 k just wait an be patient people appreciate nice cars just be patient.. 2002 loaded coupe auto mint 12k on the car 25k great car great price!! People are just looking to steal the car from you with many low ball offers "'dont do it"" be patient and wait they will sell!!
Administrator
Joined: Mar 2001
Posts: 368,389
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From: In a parallel universe. Currently own 2014 Stingray Coupe.
C7 of the Year - Modified Finalist 2021
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Its a never ending price war...potential corvette owners want to buy the car for rock bottom prices, but expect FULL market value when they go to sell it......maybe in a perfect world......But you get what you pay for. If you dont like the price someone is asking move on to another car. Simple as that.
Plus, you are always free to offer less than what the seller is asking. If the car doesn't sell after a period of time, either the seller will just keep it or will end up lowering the price.What is wrong with you people? Why do you insist on devaluing this vehicle? This irritates me about the same as the people selling houses for well below market value or those taken into foreclosure which hurts the prices of all the other homes in the area. That makes no logical sense. Just because one is in bad shape doesn't make all the others less valuable. And because some vehicles have more mileage or wear and tear, that doesn't affect those that are not in that condition.
If you are having an issue selling your vehicle it could be a number of reason, but certain not because the others around are holding the value up on the vehicle. Maybe its the color, or the model, or mileage or maybe you have a bunch of mods that no one wants to touch. Could be the geographical location.
If you are having an issue selling your vehicle it could be a number of reason, but certain not because the others around are holding the value up on the vehicle. Maybe its the color, or the model, or mileage or maybe you have a bunch of mods that no one wants to touch. Could be the geographical location.
Melting Slicks
Joined: Feb 2007
Posts: 2,533
Likes: 3
From: New fairfield Connecticut