'01 Vert Pricing
Drifting
Joined: Mar 2011
Posts: 1,412
Likes: 15
From: Richardson TX
I think the price for a 01-04 convertible 6sp is inflated beyond what KBB will say. And for good reason IMO (I have an '03 6spd vert)
01-04 6spd convertibles are relatively uncommon, and will fetch a good price. I had a very very hard time finding one.
Great deal if you ask me. A few thousand less than what I paid for mine with 45K miles.
01-04 6spd convertibles are relatively uncommon, and will fetch a good price. I had a very very hard time finding one.
Great deal if you ask me. A few thousand less than what I paid for mine with 45K miles.
Race Director
Joined: Jan 2008
Posts: 16,028
Likes: 170
From: oregon
A bit harsh, perhaps, since MARK'S_C5TT appears to own one -- but he fell for the fallacy of "confirming evidence." Finds the one site which lowballs used Vettes. Then ignores KBB (which can be a bit steep) at the opposite end of the spectrum and has not tested the market that much (including the online auction COMPLETED LISTINGS).
Ignoring evidence which does not support our preconceived notions is very human and very dangerous.
Looks like the OP got a great deal at $15.7K...
Ignoring evidence which does not support our preconceived notions is very human and very dangerous.
Looks like the OP got a great deal at $15.7K...
Le Mans Master
Joined: May 2006
Posts: 5,814
Likes: 414
From: Pittsburgh suburbs Pa.
sorry, but I dont think that is a good price at all, not a 12+ y/o car with 75K miles on it and . First, the car is worth about $12,500 wholseale, and even less than that blackbook
2cnd, I wouldnt even buy a 75K mile corvette. Too many miles for that kind of car (JMO).
It is widely known that all cars experience dips at certain miles. 64K is one of those threshholds and this car has well surpassed that and its a corvette to boot. Sorry, not trying to bash a C5 as I am a current C5 owner but I would try to find a Corvette in the 35k-40K mile range and pay around $20k for it.
Look it up on EDMUNDS True Market Value (which is still inflated a bit on what a car is really worth in the market) and you will see a 2004 Corvette Convertible with as little as 35K miles is worth $20K in the market. Forget about what you see on line or what dealesr or owners are trying to sell the car for.
A very high mileage corvete will cost you in MBI insurance as well. Lower miles will give you a wider selection in the Insurance market for repairs (and dont even think about getting one without a warranty of some sort) Low miles alone may save you $1K a year for warranty coverage compared to a $75K mile car (remember that mileage threshold I was talking about as Warranty companies really factor this in)
2cnd, I wouldnt even buy a 75K mile corvette. Too many miles for that kind of car (JMO).
It is widely known that all cars experience dips at certain miles. 64K is one of those threshholds and this car has well surpassed that and its a corvette to boot. Sorry, not trying to bash a C5 as I am a current C5 owner but I would try to find a Corvette in the 35k-40K mile range and pay around $20k for it.
Look it up on EDMUNDS True Market Value (which is still inflated a bit on what a car is really worth in the market) and you will see a 2004 Corvette Convertible with as little as 35K miles is worth $20K in the market. Forget about what you see on line or what dealesr or owners are trying to sell the car for.
A very high mileage corvete will cost you in MBI insurance as well. Lower miles will give you a wider selection in the Insurance market for repairs (and dont even think about getting one without a warranty of some sort) Low miles alone may save you $1K a year for warranty coverage compared to a $75K mile car (remember that mileage threshold I was talking about as Warranty companies really factor this in)
