2002 Z06 value?
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Banned Scam/Spammer
Joined: Mar 2005
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From: Bonita Springs FL
2002 Z06 value?
I am going to look at an '02, blue, Z06 with only 1200 miles on the odometer. The seller is asking 34K. Does anyone have a good number in mind that would be a fair selling price on this car which is in near showroom condition. I am not looking to steal it but don't want to pay too much for the car. Thanks
Pro
Joined: Apr 2009
Posts: 734
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From: Mt. Airy MD
Its tough to say with such an extremely low mileage car. If it had more miles on it it would be much easier to place a value. What you are looking at in my opinion is essentially a brand new car. Initially the price seems high but with such low miles, it really becomes a choice you have to make. Do you really want this car? If so, I'd say the price is not too far out of line for the mileage. Of course that would not stop me from offering less. 
Put it this way, if the car had 20-40K on it, you would be looing at a low 20's price. Quite a big difference from 34, but again the car has almost not even been driven.
Put it this way, if the car had 20-40K on it, you would be looing at a low 20's price. Quite a big difference from 34, but again the car has almost not even been driven.
Melting Slicks
Joined: Jan 2009
Posts: 3,181
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From: Puyallup Washington
Too few miles can cause problems. Seals dry out, tires age, and brake fluid absorbs moisture and causes rust in the brake system and the clutch master and slave cylinders. If the tires are the originals they are old enough to need replacing. I would take the car out for a nice long drive before buying it and see if there are any problems showing up, such as brakes and clutch not working, drips or gushers under the car, tire blowouts, etc.
Le Mans Master
Joined: Nov 2009
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From: Huntington tx
What's the purpose of the car? If it's just being bought for the low miles and then put in storage, buy it for the lowest you can negoitate. If it's gonna be driven, there are much better deals to be had for a lot less. A car that's been driven and well cared for is a better choice than one that's been stored and dry rotted. 1200 miles? Check for rodent damage and stale fuel probs.
Drifting
Joined: Apr 2011
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From: Virginia
What will it be worth then? I'm guessing high teens. If you buy one now with 20,000 miles and add 20 you'll have a 10 year old car with 40,000 miles on it. Worth? Mid teens?
The only way you don't take a beating is to buy it and don't drive it.
Is that the plan?
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Race Director
Joined: May 2010
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From: Winfield IN
If you buy it and drive it 20,000 miles over the next two years you'll have a 10 year old car with 21,000 miles on it.
What will it be worth then? I'm guessing high teens. If you buy one now with 20,000 miles and add 20 you'll have a 10 year old car with 40,000 miles on it. Worth? Mid teens?
The only way you don't take a beating is to buy it and don't drive it.
Is that the plan?
What will it be worth then? I'm guessing high teens. If you buy one now with 20,000 miles and add 20 you'll have a 10 year old car with 40,000 miles on it. Worth? Mid teens?
The only way you don't take a beating is to buy it and don't drive it.
Is that the plan?
Very good point here. If you're buying the car to really drive it and enjoy it, I would buy something that has been driven more.
Drifting
Joined: Dec 2005
Posts: 1,314
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From: Chicago Illinois
Man....you can get a low mile c6 z06 for that price if you look around. If I had your money to spend I would buy a c6 z06.
MUCH MORE HP!!!!
MUCH MORE HP!!!!
Last edited by robert123; May 3, 2011 at 09:11 PM.
Safety Car
Joined: Apr 2004
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From: pueblo co
kbb ppv @ 1200 miles value is 29,350.00..so he is asking for lil higher value then what the car is really worth..imo...and yes i would not drive that car any where of too long of a trip with the stock tires...so there is another 1000 bucks outta your pocket...if you can pick it up for 25k i think that would be a fair deal..
Drifting
Joined: Dec 2004
Posts: 1,820
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From: San Diego
I use to own an '02 EB Z06. It was truly a beautiful car. Of course you'll pay a premium but I don't think it should be as much as being asked for this car. Obviously they don't need to sell it but are waiting for the right collector to come along.
The problem with buying such a mint car with such low mileage is that it pretty much becomes a collector car, not a daily driver. Then you've got to ask yourself if that's the way you want to own it or do you want to drive it like a normal car.
My opinion is, get a car that's mileage is near its warranty maximum (even if the warranty has expired because of time). The owner should have a good idea if the car has been good or needed a lot of warranty work.
Buying a car like you are looking at means it'll be out of warranty and never experienced the first 36,000 miles under warranty where the things that might fail will have been replaced. What if lots of things fail? You'll have to pay full price to fix them which will add more to your original purchase price.
Overall I'd say "thumbs down" on this deal unless you have enough money to buy a more daily driver type vette as well.
..rickko..
The problem with buying such a mint car with such low mileage is that it pretty much becomes a collector car, not a daily driver. Then you've got to ask yourself if that's the way you want to own it or do you want to drive it like a normal car.
My opinion is, get a car that's mileage is near its warranty maximum (even if the warranty has expired because of time). The owner should have a good idea if the car has been good or needed a lot of warranty work.
Buying a car like you are looking at means it'll be out of warranty and never experienced the first 36,000 miles under warranty where the things that might fail will have been replaced. What if lots of things fail? You'll have to pay full price to fix them which will add more to your original purchase price.
Overall I'd say "thumbs down" on this deal unless you have enough money to buy a more daily driver type vette as well.
..rickko..
Le Mans Master
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From: Communist Colorado
Melting Slicks
Joined: Jan 2007
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From: Conejo Valley CA
Too few miles can cause problems. Seals dry out, tires age, and brake fluid absorbs moisture and causes rust in the brake system and the clutch master and slave cylinders. If the tires are the originals they are old enough to need replacing. I would take the car out for a nice long drive before buying it and see if there are any problems showing up, such as brakes and clutch not working, drips or gushers under the car, tire blowouts, etc.
You'd be better off getting one between 30K-50K miles. Also, 34K is way to high of an asking price. Move on.
Burning Brakes
Joined: Sep 2004
Posts: 998
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I would be weary of those really low miles if you plan on driving it regularly...as was mentioned, fluids should be changed and you may have issues with seals and gaskets drying out.
$30K for a C5 sounds outrageous to me. For $34K, you can get an 08 C6 with an LS3 and Z51.
$30K for a C5 sounds outrageous to me. For $34K, you can get an 08 C6 with an LS3 and Z51.
Melting Slicks
Joined: Apr 2000
Posts: 2,408
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From: Bel Air Md
Besides the tires, even with low mileage, all of the fluids should be changed. I bought a 93 Ruby in 06 with 7K miles and I changed the oil, trans fluid, brake, rear and anti freeze. If you can't do it yourself, it's expensive.
I bought a 03 ZO6 with 29K last year for $24K. It has MCM hood, GHL exhaust, rear Caravaggio spoiler, CCW wheels with 19" Pilot Sports, Haltech Intake, B&M Shifter, Alpine Radio W/ infinity Kappa speakers and 10" Wolfer, Full screens front and rear, carbon fiber side brake intakes. If you wan a show car, that 02 is still high in price. Check the for sale forum here, you may find a good car at a reasonable price, I did.
I bought a 03 ZO6 with 29K last year for $24K. It has MCM hood, GHL exhaust, rear Caravaggio spoiler, CCW wheels with 19" Pilot Sports, Haltech Intake, B&M Shifter, Alpine Radio W/ infinity Kappa speakers and 10" Wolfer, Full screens front and rear, carbon fiber side brake intakes. If you wan a show car, that 02 is still high in price. Check the for sale forum here, you may find a good car at a reasonable price, I did.
Last edited by HG; May 4, 2011 at 04:43 PM.
Banned Scam/Spammer
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From: Machineguns, because I don’t compromise
Considering he bought it for $50k+tax/etc and it has almost no miles.... I'd say it's worth every penny.
If you want a "new" example you've gotta pay to play. He'll get his price (or close to it) eventually.
Besides, inflation is about to hit in a major way in the next couple years so you might just see a few cars currently bottomed out in price actually appreciate (on paper) in 5 years.
If you want a "new" example you've gotta pay to play. He'll get his price (or close to it) eventually.
Besides, inflation is about to hit in a major way in the next couple years so you might just see a few cars currently bottomed out in price actually appreciate (on paper) in 5 years.
Melting Slicks
Joined: Jul 1999
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From: Silicon Valley