That is the sound of the sellers in this down market.

Buyers are grinning from ear to ear knowing they are in the drivers seat. For every buyer, there are 100 Corvettes for sale. A buyer can take his time, make reasonable offers based on KBB and Edmunds trade in values, and wait. The seller ain't selling anytime soon. Let the seller sweat it out a little longer, and the seller will be stuck taking less than KBB. That is the thing that sellers do not understand. Corvette prices are falling every month. If you price your 2000 Vette for 24K when it is only worth 13K, then what does a seller expect next month will be like when the used value drops to 12k, and the month after that to 11k? Look at C4 prices to get a glimpse of where C5 prices are heading.

 

If anyone knows Fairprice's age, post it on here. I'm betting 15.

 

I'll take it if you want to buy my 2000 c5 coupe for $24k USD, I'll take it That does seem high...and I hope I never have to sell this car

a buddy is looking for an 03-4 z06 and pices are all over. at the end of the day its worth what someone will pay. too many factors to really predict. falling in love with a car makes people do stupid things with thier money

 

If you live by KBB prices then you have been overpaying for a while. KBB listed my Chevy Colorado as being worth 15k in good condition. I posted it up for 14,500 on the Colorado forums and was blasted hard for being overpriced.

Your right, the market is down, but you also think Kelly Blue Book is the bible... which it is not, but if so then it even proves your earlier comment. A 2002 Cadillac isn't worth much more than you could get at a scrap yard, yet I just bought a 2002 Corvette a month ago for $21,500.00.

KBB valued it at $22,000.00

Could I have shopped around and saved 4 or 5 grand and got something similar? Maybe, but like people have said I was willing to pay what the dealer was originally asking for because it was the right car and was reasonably priced.

Some people may post cars high and not budge. Some people say they have financial issues and need to sell... Like you pointed out, if that were true don't you think they would be lenient? The fact of the matter is, people lie. The fact that people think that sap story works is funny, the sad thing is... it does work on some people.

You coming on to a Corvette forum, with hundreds of people who either overpaid for their car, or think it's worth more than it is but aren't selling cause they wouldn't get rid of it unless they had to, and complaining about the market is not constructive in the least bit.

I don't know the reason for your posting, what your attitude issue is. People seem to think you are 15 (I guessed much younger, as in a few days old) whether it is because you want a decent, low mileage, well equipped, well cared for C5 but you can't believe they are demanding the prices that you can't afford... or you are trying to sell your high mileage C5 for a steal of a price and can't move it... or you for some reason just are bored out of your mind and decided to spend a day trolling a car forum I don't know.

Whatever it is, no one cares about what you think. We are happy with our cars, we are smart about buying and selling them, we know what they are worth, we don't have our heads that far up our *****.

We know that every 5k in modifications we do to our car probably lowers it's value... but we don't care. We love our car no matter what it is worth... I vote from here on forth that any more threads about market value of our cars be moved to the "Off Topic" section... because general market condition doesn't really effect current C5 owners who aren't planning on selling or buying anytime soon.

 

When I went out looking for my Vette I found the color I wanted the body style I was looking for the the interior the color I wanted. it was a local dealer so I didn't have to wait for it because I had waited long enough and when I saw it in front of me money was no object I had to have it I'm sure that has happened to some of us out there it goes back to what it worth to you I was a Happy MF and still am don't put a price on somthing you loveand don't get rid of somthing you'll never own again

 

I just traded keep in mind traded a '96 convertable with 40,000 miles on it for $12,500 so you need the blue book trade in was $13,500. STOP LOOKING AT THE IN FAIR CONDITION PRICE. I have never seen a "fair condition Vette EVER. If you like exotics so much, which I assume you do since you are always comparing them to Vettes go buy one.

 

They may think it is worth that much and chances are there will be some sucker that would pay that, but not if the buyer does some research.

 

How many cars that are 10 years old are in "excellent" condition? KBB says that less than 5% of used cars fall in to the category of "excellent" condition. That leaves 95% of used C5's as good, fair, or poor. Fair is probably the best description, a running car that might need a few things done- tires replaced, normal wear, ect. Now if seats are ripped that would be poor condition.

 

"FairPrice" Is it your hope that you will somehow convince us that our cars arent worth as much as we think, so you can buy low and sell high? Are you upset that you sold one at a discount and now want others to get shafted as well, misery loves company kinda crap?

As others have quoted, an asset's value is as much as someone is willing to pay for it. Ive read many of your posts and youre seriously misguided. You stated in a different thread how an automatic is worth more than a manual since not everyone can drive a manual...For a BMW 7 series, maybe. This could not be more untrue for a Corvette.

You keep referring to the values of the C4 to support your argument...The C5 has got a ways to go.

Go look at a well known auction site and see what C5s are getting via no reserve. Youre way off and the facts prove it.

 

This guy has it right.

 

Most every Vette with low miles and clean interior is going to bed at least "Good" condition. Age of the car as far as Vette's go has little to do with it. They are not like Honda's where people trade them in to get the new one with new options. People that buy Vettes no exactly what model C1, C2, C3, C4, C5, C6. Someone with a C4 may never want a C5 and vice-versa. That is why the last model year of any generation are worth more. 1996 C4's are going for 1997 C5 prices.

 

Then you'd probably chit when I tell you I had my 99 Coupe with 42K miles sold for $28K last year...



At the last minute the buyer (or shall I say his WIFE) decided she wanted my 60K mile 2002 Convertible more than the Coupe...



My price??...$32K...and they didnt bat an eye...They had been looking at C5s for almost a year before they decided on mine...Of course I take extremely good care of my stuff...I bought the car brand new in 2002 and even with 60K miles the car was PERFECT...I took their 99 Explorer in trade and allowed them $7K for it where greedy dealers were only allowing them $3K trade-in value....I sold the Explorer a week later for $7500 after I put brakes on it and gave it a tune up....I also gave them a 12 month 12K mile warranty on the car and never had to honor it...The car has performed flawlessly for them and theyre very happy with it..

Ive seen cars with many less miles that were pieces of CRAP...Just because it's low mile doesnt mean it's been taken care of ...After I sold the silver 2002 Convertible I bought a triple black 99 Convertible with only 44K miles for $22K...The car was pretty sad despite the low miles....I had to address the paint, brakes, exhaust, etc just to get it up to my standards..Thankfully, the interior was perfect...I dumped about $3K in the car (parts alone)...It now has 60K miles and I wouldnt consider selling it for less than $25K, make that $26K, I recently put a $1K sound system in it .....Besides, what could I replace it with for that kind of money???...A new Honda????

 

...There's a reason he hasnt filled out his profile................and Id love to see a pic of his Corvette(s)

 

I agree, its hilarous.

 

Why Hell Yeah........

 

They are only worth what somebody is willing to pay

 

Sorry dude, nobody is going to give you a car for nothing so quit trolling. Vettes are toys for big boys, maybe when you grow up you to can have one! As to OP the only ridicules thing is your statement. If you don't like the price move on and quit b!t(ing about it.

 

this is the whole story

these price threads really are kind of lame.

there are many FACTUAL examples on ebay and here on the forum of actual close prices. those of us shopping can look at 20-30 closed deals and gain an idea of where prices fall. you then have your ballpark. there was a c5 z06 on ebay the other day with a couple hundred miles on the clock. the bid was pushing past 32k, push the mileage up over 100k and the same z will bid under 16k. this is just the market. KBB has a habit of undervaluing mint low mile cars and overvaluing high mile cars in rough to fair condition. rather than argue in this thread about values the single best thing anyone can do to get an idea of value is watch closed deals. the market speaks for itself, you just have to listen

 

WOW, I'd sell my 2000 Vert for $23,995!

 

Where's the pics?