Book value question
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Melting Slicks
Joined: Nov 2010
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From: Bowtie, Pennsyltucky
St. Jude Donor '13-'14-'15,'21
Book value question
My freind has a 98 coupe with 4k mi. that is as new. How much does this affect real world selling price? Sorry no pics. Thanks!
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The really low miles should add a nice premium to the price, but it is still a '98. You can get an estimate on the value by checking sites like edumnds.com, kbb.com, or NADA books.
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Thread Starter
Melting Slicks
Joined: Nov 2010
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From: Bowtie, Pennsyltucky
St. Jude Donor '13-'14-'15,'21
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Thread Starter
Melting Slicks
Joined: Nov 2010
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From: Bowtie, Pennsyltucky
St. Jude Donor '13-'14-'15,'21
Thanks guys. He drove the wheels off of an '89 and '94, then 6mo after getting the '98, got detached retinas and went downhiil from there. Breaks his heart to sell it, thats why it sat for so long. Car was kept tip top.
" I can still touch it and smell it "
" I can still touch it and smell it "
Le Mans Master
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From: Communist Colorado
Just remember..... all the KBB NADA Edmunds etc etc publications are to be used as guides It says it right in front of an NADA book. There are many other considerations to make when buying cars, especially special interest or super low mile examples.
Thread Starter
Melting Slicks
Joined: Nov 2010
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From: Bowtie, Pennsyltucky
St. Jude Donor '13-'14-'15,'21
Thanks for taking the time for your post! I agree that in the end buyer and seller dictate the price. I am just learning to post photos also, this test site helped me.
http://forums.corvetteforum.com/testing-68/
http://forums.corvetteforum.com/testing-68/
Melting Slicks
Joined: Sep 2006
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From: Redding CA
See the difference?
Would you rather have a car with lower miles or higher? Think about it, the miles cause WAY MORE wear and tear than just sitting.
4K is abnormally low but what are the "bad things that happen to a car that's sitting".???
Pro
Joined: Feb 2009
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From: Winston-Salem nc
I'm curious about the mileage issue. At what point does a low-mileage vehicle go from the 'collectible' zone to just being a low-mileage car. I bought my C5 to drive and was unwilling to pay a premium for low mileage. At what point does the low mileage become a nice add-on like an improved sound system or catback system? Don't mean to hijack the thread
Racer
Joined: Feb 2011
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From: Arkansas - river valley
Fluids go bad,grease goes bad and gets hardened, seals go bad, rubber starts to deteriorate (dry rot)..etc
if it never gets driven things start to freeze up.
Last edited by ShawnFate; May 17, 2011 at 03:20 PM.
Drifting
Joined: Apr 2011
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From: Virginia
Hoses and serpentine belt are likely good but are easily checked.
Front and rear oil seals may have hardened and warrant a good look.
If the tires are original, I'd plan for a new set, immediately.
I'd say everything can be brought up to speed for $2000 or so, depending on the deal, it could be a bargain, or not.
Either way, I'd never not buy an older low mileage vette just because it was.
Racer
Joined: Feb 2011
Posts: 326
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From: Arkansas - river valley
Costs about $500 to change antifreeze, brake fluid, trans fluid, differential fluid, assuming all are bad.
Hoses and serpentine belt are likely good but are easily checked.
Front and rear oil seals may have hardened and warrant a good look.
If the tires are original, I'd plan for a new set, immediately.
I'd say everything can be brought up to speed for $2000 or so, depending on the deal, it could be a bargain, or not.
Either way, I'd never not buy an older low mileage vette just because it was.
Hoses and serpentine belt are likely good but are easily checked.
Front and rear oil seals may have hardened and warrant a good look.
If the tires are original, I'd plan for a new set, immediately.
I'd say everything can be brought up to speed for $2000 or so, depending on the deal, it could be a bargain, or not.
Either way, I'd never not buy an older low mileage vette just because it was.
Pro
Joined: Mar 2011
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From: Walnut Creek CA
I've heard that 500-1,000 miles per year (or the equivalent run-time in the garage without turning the wheels - as many collectors do) and annual services as recommended in the manual are enough to keep things in great shape. The big thing you want when buying used cars is service records/history. I don't buy a used car without looking into this, whether it has 100 or 100,000 miles, whether it's a ford or a ferrari.
I love buying cars from waxers who eat the initial depreciation, drive the cars very little, and maintain them meticulously. I've had 3 such cars to date (including my current C5) and every one has been amazing. Low mileage shouldn't turn you off to a car by itself, but that doesn't mean you ignore the rest of the typical things you should look into.
I love buying cars from waxers who eat the initial depreciation, drive the cars very little, and maintain them meticulously. I've had 3 such cars to date (including my current C5) and every one has been amazing. Low mileage shouldn't turn you off to a car by itself, but that doesn't mean you ignore the rest of the typical things you should look into.