Looking at buying another c5
Thread Starter
Intermediate
Joined: Mar 2011
Posts: 29
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From: Charlotte 28105
Looking at buying another c5
Its an 02 coupe with 107k miles the dealer wants 14,500. I looked up the kbb its worth 17,600. Is that a good price for it and because its an 02 do you think I will have a problem financing it I do have good credit. I'm sorry if I'm posting in the wrong section this is my first post.
Race Director
Joined: Nov 2004
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From: Central Ma
The 17k is crazy, and the 14k is even a little high.
I can't imagine getting much in the way of financing on a 10 year old car with over 100k miles.
My personal advice would be if you can't pay for it then you shouldn't be buying it.
Good luck.
I can't imagine getting much in the way of financing on a 10 year old car with over 100k miles.
My personal advice would be if you can't pay for it then you shouldn't be buying it.
Good luck.
Le Mans Master
Joined: Nov 2009
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From: Huntington tx
Thread Starter
Intermediate
Joined: Mar 2011
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From: Charlotte 28105
Le Mans Master
Joined: Dec 2004
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From: Myrtle Beach SC
St. Jude Donor '05-'06
I got my 98 w/41k mi. at City Chevy for $14.9k 2 months ago. Forget KBB they never have it right. Edmunds is closer to real world prices. Not a bad price but not a great one either. Your choice I would offer $13k and see what they say.
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Le Mans Master
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From: Knoxville Tn
Thread Starter
Intermediate
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From: Charlotte 28105
Melting Slicks
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From: Oceanside Ca/ Tampa FL
Race Director
Joined: Aug 1999
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From: SE Pennsylvania
St. Jude Donor '03 thru '26
Oldtimer
but I'd start by suggesting a price of 11K, see where that takes you. $14K is pretty much a dead killer price wise. At $14.000 I'd be walking out.
Drifting
Joined: Dec 2010
Posts: 1,254
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From: Columbus Oh
when i went to finance my 02 z06 purchase last summer i had a hard time finding any bank that would finance something older than 7 years. i also went to 2 credit unions and both would not even consider it because their limit was 5 years. there were a few banks however that approved the loan only because it was low miles (13400). i say good luck getting one that is now 9 years old with over 100k miles.
Race Director
Joined: Nov 2004
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From: Central Ma
Buying a toy, and an old one at that, is just slightly different than buying a home or an investment.
I'll stick with my philosophy, you stay with yours.