Thinking about getting a C5
Thread Starter
6th Gear
Joined: May 2011
Posts: 6
Likes: 0
Thinking about getting a C5
Hey guys, new to the forum. I've always had a truck but I sold that the other day and I am rockin a 93 dodge minivan until I get a C5. I am looking at one right now, already went to look at it in person and what not.
Its a black '98 6 speed, fully loaded. It has 160k on it but I can get it for $9k. It needs work. Interior needs to be redone and parking brake needs fixing. Hopefully nothing more than just tightening the cable. Only positive thing it has is 09 C6 Magnesium rims.
I know one of the service advisers over at Chevy and he says he wouldn't buy a C5 with that many miles for $9k unless it was showroom condition. What do you guys have to say?
Its a black '98 6 speed, fully loaded. It has 160k on it but I can get it for $9k. It needs work. Interior needs to be redone and parking brake needs fixing. Hopefully nothing more than just tightening the cable. Only positive thing it has is 09 C6 Magnesium rims.
I know one of the service advisers over at Chevy and he says he wouldn't buy a C5 with that many miles for $9k unless it was showroom condition. What do you guys have to say?
Melting Slicks
Joined: Nov 2006
Posts: 2,431
Likes: 3
From: Iowa City Iowa
The emergency brake typically needs the shoes adjusted on the rear wheels. This is not a unusual situation on C5's and not a big deal.
As I don't know your financial situation, all I can say is if it's limited to 8-10K, if you have it checked out and it has been well maintained and in reasonable condition, it's probably priced close to what it's worth.
Better yet, if you can spend 3-5K more, you'll find many C5's with much lower miles that are ready to drive without spending several thousands of dollars to get ut up to par. If it were me, I find a way to get/save about 5k more money and get a better car. Just my opinion!
As I don't know your financial situation, all I can say is if it's limited to 8-10K, if you have it checked out and it has been well maintained and in reasonable condition, it's probably priced close to what it's worth.
Better yet, if you can spend 3-5K more, you'll find many C5's with much lower miles that are ready to drive without spending several thousands of dollars to get ut up to par. If it were me, I find a way to get/save about 5k more money and get a better car. Just my opinion!
Thread Starter
6th Gear
Joined: May 2011
Posts: 6
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Thanks for the input, I agree with trying to spend a little more for a nicer condition vette, however my budget is $10k without taking out a loan. I already have a loan that I am almost done paying off but I need to free up my credit so I can move out in the next few months (I am only 20)
Le Mans Master
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From: St. Peters MO
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Don't do it. These things have too many issues for a 20 year old who can't pay for the repairs and most likely doesn't have the knowledge to repair them.
I'm not disrespecting your age, I'm just being realistic. 9K for a 160K mile C5? Not me! Not to mention insurance costs.
I'm not disrespecting your age, I'm just being realistic. 9K for a 160K mile C5? Not me! Not to mention insurance costs.
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Thread Starter
6th Gear
Joined: May 2011
Posts: 6
Likes: 0
Don't do it. These things have too many issues for a 20 year old who can't pay for the repairs and most likely doesn't have the knowledge to repair them.
I'm not disrespecting your age, I'm just being realistic. 9K for a 160K mile C5? Not me! Not to mention insurance costs.
I'm not disrespecting your age, I'm just being realistic. 9K for a 160K mile C5? Not me! Not to mention insurance costs.
Anyways I see where you guys are coming from, I guess I will pass it up and wait for a better deal. Thanks!
Pro
Joined: Dec 2002
Posts: 597
Likes: 9
From: near Newburypot MA
KBB Retail $7125 in fair condition
that is most likely a hard car to sell .... offer them $6000, you can always go up in price ...
shop shop shop - better cars & deals are around - search for a NON DEALER car for sale ...
http://www.kbb.com/
that is most likely a hard car to sell .... offer them $6000, you can always go up in price ...
shop shop shop - better cars & deals are around - search for a NON DEALER car for sale ...
http://www.kbb.com/
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Good decision to pass on the car. Save up some more cash and then buy a better Vette with a lot less miles on it.
Le Mans Master
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From: Bangkok, Thailand
Racer
Joined: Nov 2005
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From: Wilmington de
I know where you are coming from. When i was first on the market for a C5, I wanted a yellow Corvette. Finally found one with a peeling top, parking brake did not work and they wanted $24,000.00 for it. I was going to go for it until a friend of mine gave me the exact advice that the guys on this Forum are giving you. I waited and got the car of my Dreams!