So you have determined the value of our vehicles based on your opinion. Hmm very interesting. What I asked you to provide was the metrics you used to determine that! Not your opinion of the values of our vehicle so you can come here and denigrate the values of our vehicles.

I absolutely do NOT agree with your devaluation.

Enjoy your Camry.

 

C5 prices need to come down? They are coming down. Oh sure, there are still some sellers out there who are asking 2 or even 3 year old prices, but if they post on this forum they get absolutely zero response. (unless it's helpfuly-intended advice informing them their price is a tad high).

Recession or not, all C5s are getting older each year, and the prices fall appropriately. What used to be a $31K C5 2 years ago is now a $27K C5. What used to be a 28K C5 2 years ago is now a $22K C5. High mileage and older model year examples are into the teens.

The newest C5 is 4-5 years old, and has been superceded by a new model. Even extremely low mileage garage queens can't sell for what they did 2 years ago.......because they are 2 years older.

If you watch the ads over a period of time you will see that those asking too much just don't sell their cars. They are for sale for months and months and months, and sometimes into years. If the seller is really serious about selling they begin to see the light and start to lower the price to a saleable level, by which time it is 9 months later and the car is worth even less!

I think right now some people think that as it is Summer they can ask high prices, which, while true to a certain extent, they are risking a non-sale and going into winter when the prices will drop even more. And if they don't reduce their sale price considerable during the winter months they end up with a car that is yet another year old the next Spring/Summer and worth appropriately less.

Add to this the discounted new C6s, zero interest, recession, gas prices, etc. etc. it is getting more and more difficult to sell an item like a used Corvette. But low mileage, well cared for examples are still selling if they are priced sensibly.....and KBB is not the place to look if you want to price your 'Vette to sell. Edmunds is the most accurate in my opinion. Currently Edmunds prices a 2002, well optioned coupe with 25,000 miles at $21,750. Which I think is an accurate private party selling price. It's your car, you can ask more, and sometimes you may get it, but most likely not and you will own the car a lot longer than you had planned.

Are C5s over-priced.....or under-priced. Are their prices plummeting, are their prices holding up well? None of these, they are a fabulous car that is just subject to depreciation due the passing of the years and the release of newer models like anything else. But in the Corvette tradition they hold their price as well or better than most vehicles out there.

 

Well Said -

 

Yep... sell yours for about $4000 and be quiet.

 

Interesting, I checked my vehicle on Edmunds and it is a year older then what you checked.

I get $23436. private party and $25979 dealer. That is exactly inline with what NADA and KBB have as well.

I wonder how the supporting dealer vendors appreciate these types of post that continue to trash the value of the product they sell? I would be inclined to believe they may feel this has become a hostile environment supported by Internet Brands to take their advertising dollars and allow the member to trash the value of their products.

I would think after examining this, those advertising dollars might be well spent some place else, and certainly not Corvette Forum.

 

 

these are corvettes not mustangs we paid big bucks for these cars

 

He was talking about an 02 coupe. you have a convertible. convertibles are of course more expensive.

I do agree to a certain extent (Sure I could be biased because I want to buy on) that prices on these private listing are too high. I've been looking at prices for the past month like daily non stop. I find that many private party prices are higher than retail dealer prices.

I saw an 03 anniversary edition with 50K for $20,900 ASKING price. It was initially $23,900 but it dropped to $20,900 then it got sold. And this is not some crappy dealer. I checked the website and it's an luxury dealer in Chicago. They have a bunch of lambo's and ferrari's so it's not some junk yard by any chance.

Of course, I agree with what most people said. Sellers can ask for whatever they want and buyers can offer whatever they want. It's fair negotiation.

Just keep in mind, any new car you buy, will lose value as soon as it leaves the dealer's lot. It doesn't matter if you drive 5 miles per year.. the value is going to drop. If you're upset about losing value, talk to the Ferrari owners.

No offense to anyone, hopefully.

 

How about the next car you go look at to buy how about you use NADA or KBB and use their retail value as your purchase price. Then tell us if they are out of whack. Look just don't expect us to pay for the memories you had in you car. Fact of the matter is that Corvettes are underpriced for what you get. Meaning more bang for the buck. However real money wise its not worth more than true market value. Please accept this. I am not trashing vettes as I sold my C6 to get back into a C5Z. I think the C5's are the best style out there. Unfortunatly they aren't holding value. However in my opinion in about 10yrs from now they will be labeled as classics and you will see them all over ebay for 40k. Just my opinion but whoever thought it would have happened to the NSX and the Supra's. Brand new the Supras were 40k. Now for a 96 with under 40k miles guess what your paying? Yup 40k.

 

Regardless of the bickering that has gone on in this thread, prices have dropped and dropped considerably. C5 and C6 prices are as low as they have ever been. Most C3's are on the cheap as well. The OP's rant was a bit misplaced and seemed to be an indirect dig at something or someone on the site. Deals are out there and they are not hard to find.

 

These C-5 prices are too high threads should be banned.
To the original poster and all who agree with him, If you do not like the prices of C-5s then go buy a Hugo. This is a great forum with a lot of excellent information, except when people post rediculess threads that sound like Jr. HS talk before a class. Get a life!!

 

 

EXACTLY.

How dare someone tell someone else what value their personal property should be.

If a person has to sell their C5, then they have no choice but to price it comtetitively. But many C5 owners aren't all that desperate to sell... or they don't have-to sell.

If you want my Corvette, then here's the least I'll take $______.
If you don't like that price ... then go away and cry elsewhere.

I think what the OP is really saying is that all the nice C5's are being held onto; and to pry them outta the hands of the satisfied owners.... it will take a serious buyer with serious funding.
And that the only C5's that are priced cheaply - are hard driven and well worn.

Too bad; pay up or put a sock in it...

 

 

The two loudest voices about the prices are too high do not own Corvettes. One said he wanted to buy a Corvette but the price was to high compared to what he pays for Cameros. The other lists he owns a Camry. They are not in the same league. I think we are wasting time on these two. Hopefully the will just go away and start controversy somewhere else. My car, my price, don't like it, go somewhere else.

 

I think it incites arguments, it is detrimental to the business of the advertisers and makes CF/IB appear to condone the behavior of taking the advertiser dollars yet promoting the behavior of bashing the advertisers and the value of the products they sell.

Perhaps the advertisers need to pay heed to this post.

 

LOL, u guys are funny. How is this thread "bashing the advertisers" by discussing things like KBB valuation and such?

Nobody is bashing anybody here. It's a reasonable discussion, conducted in a reasonable manner - exactly the type of discussion I would expect to see in a internet forum.................

-

 

booo on prices need to drop due to the economy. this is the problem today that everyone wants something for nothing on that silver plater without paying for it!

If you are on the verge of not being able to afford to have a vette or feed your family; that is not current corvette owner's problems. Pull yourself up from your boot straps and make the right decision. Dont force current owners to suck this up because you mismanaged, budgeted, or calculated.

Sorry if I catch some flack on this but I am a stong believer of self gratification! I think almost all would agree that many corvette owners have worked hard sacrificing today's needs to achieve tomorrow's.

I am not about to let my guard down so some weasel dick that feels we owe him the opportunity of owning a corvette can by this lowering our prices! have you seen house prices lately, this is due to everyone should have a home dream too! Look where that got us! Further in the hole!

GRRR. This is almost a presidential debate -- which is a NO NO unless we want to drive ourselves nuts and in circles while doing so!