24k for a base c5 WTF?
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Melting Slicks
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From: Central Ohio
Team Owner
Joined: Jul 2006
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From: Kannapolis NC
I can't help but notice, it's always the people who don't own Corvettes who start these threads about someone asking too much for their car. Anyone can ask as much or as little as they like for their cars. If you don't think it's worth it, look somewhere else. There's nothing gained for Corvette owners when a non-owner tries to talk down prices.
Banned Scam/Spammer
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From: Machineguns, because I don’t compromise
if somebody wants that car and enjoys the ownership experience then it was worth every penny.
I paid 25.5k for my '01 Zo6 almost three years ago with 43k miles.
Today I can find newer ones with less miles for the same price, but I don't care. I love "my" Zo6.
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Instructor
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Instructor
Joined: Oct 2009
Posts: 123
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As the economy gets worse, less of these folks have the cash to buy. And banks are not giving out loans like it is 2007 anymore.
In some ways, it is good that the economy crashed. Less people are getting ripped off. More people are doing their homework and know what the market value is (blue book and edmunds are two great places to look at trade in value to know what dealerships are willing to pay, and use that to negotiate a fair price that does not rip off the buyer).
In some ways, it is good that the economy crashed. Less people are getting ripped off. More people are doing their homework and know what the market value is (blue book and edmunds are two great places to look at trade in value to know what dealerships are willing to pay, and use that to negotiate a fair price that does not rip off the buyer).
Instructor
Joined: Oct 2009
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I can't help but notice, it's always the people who don't own Corvettes who start these threads about someone asking too much for their car. Anyone can ask as much or as little as they like for their cars. If you don't think it's worth it, look somewhere else. There's nothing gained for Corvette owners when a non-owner tries to talk down prices.
Sellers ripping people off gives Corvettes a bad name and drives people away. Sellers should ask close to KBB and Edmunds values. That is the correct thing to do.
Team Owner
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From: Kannapolis NC
Instructor
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Look at Kelly Blue Book and Edmunds to get an idea of what trade in value is. Then get your head out of the clouds and realize your Corvette is not a rare Ferrari. Your Corvette is one of a million that GM made. Most years 98-04 GM made 35,000 C5's yearly. If a 10 year old Cadillac that was 40K new sells for 4K today, then why should a Corvette that sold for 40K new sell for 15K today? Corvettes are overpriced, and they will continue to fall in value.
Racer
Joined: Apr 2005
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From: Montoursville PA
Look at Kelly Blue Book and Edmunds to get an idea of what trade in value is. Then get your head out of the clouds and realize your Corvette is not a rare Ferrari. Your Corvette is one of a million that GM made. Most years 98-04 GM made 35,000 C5's yearly. If a 10 year old Cadillac that was 40K new sells for 4K today, then why should a Corvette that sold for 40K new sell for 15K today? Corvettes are overpriced, and they will continue to fall in value.
Racer
Joined: Sep 2009
Posts: 393
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From: Bristow VA
Look at Kelly Blue Book and Edmunds to get an idea of what trade in value is. Then get your head out of the clouds and realize your Corvette is not a rare Ferrari. Your Corvette is one of a million that GM made. Most years 98-04 GM made 35,000 C5's yearly. If a 10 year old Cadillac that was 40K new sells for 4K today, then why should a Corvette that sold for 40K new sell for 15K today? Corvettes are overpriced, and they will continue to fall in value.
You have to think of it like this... it's not the baby's fault... he doesn't know any better. Actually it's about all it knows. Just give it time until it grows up.
Burning Brakes
Joined: Aug 2009
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From: Wrentham Mass
2018 C2 of Year Finalist
Johnnie Fairprice...There's an azz for every seat and a seat for every azz. A Vette like anything else, is worth what someone is willing and able to pay for it. Don't like it, don't buy it...but quityabitchin 
Instructor
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You appear to be quite ill informed Corvettes as a whole hold there value better than any other gm brand and a few oh say a 53 are worth much much more as they age! KBB means little to any serious corvette buyer or seller. Its market demand and the car's price is dictated by what the buyer is willing to pay. The buyers are there and are willing if its a good clean car. Fairprice it is you with your head in the clouds. I suspect you have never had a vette or had the funds to procure a decent one
You are correct that it is the buyer who determines price. Each seller wants to find the buyer willing to pay the most. If more buyers were educated and checked Kelly Blue Book and Edmunds, then maybe we would not see seller trying so hard to rip buyers off.