Low Mileage Value
Race Director
Joined: Jan 2008
Posts: 16,028
Likes: 170
From: oregon
i literally would not be surprised to hear anywhere from 20k to 30k depending on if they want to actually try and sell it, or of they want to keep it
Drifting
Joined: Jan 2012
Posts: 1,341
Likes: 8
From: Hopatcong New Jersey
I'll throw a number out there for the max *I* would pay for the car...Assuming it was pristine condition with perfect paint and interior and well maintained.......and fully loaded...
$23,276.
$23,276.
Team Owner
Joined: Jul 2006
Posts: 22,200
Likes: 4,187
From: Kannapolis NC
You can't get an accurate price based on what little info you provided. Is it an Anniversary EDITION? All stock? History? Pictures?
Drifting
Joined: Apr 2006
Posts: 1,936
Likes: 13
From: Redding California
Some variables.....would need to know how optioned the car is. What axle ratio. etc.
Are the tires original, if so they need to be replaced regardless of tread depth just due to age.
But, if I really, really, wanted the vehicle I would approach it by saying, I wouldn't give more than $26K and would like to get it for $22K.
Let us know how things go.
.
Are the tires original, if so they need to be replaced regardless of tread depth just due to age.
But, if I really, really, wanted the vehicle I would approach it by saying, I wouldn't give more than $26K and would like to get it for $22K.
Let us know how things go.
.
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Just my guess, but I would say between $22-23K or so. I paid $25K for an 8500 mile coupe (sticker price $52.7K) back in September 2009 for comparison.
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Melting Slicks
Joined: Aug 2011
Posts: 2,423
Likes: 200
From: Atlanta GA
Depends upon other conditions, not just mileage.
Tires, wheels, paint, interior, electronics, etc. all have a bearing on price.
Parts of the country also have a bearing on price.
Look around at what other similar Corvettes are bringing.
Tires, wheels, paint, interior, electronics, etc. all have a bearing on price.
Parts of the country also have a bearing on price.
Look around at what other similar Corvettes are bringing.
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Drifting
Joined: Jul 2011
Posts: 1,509
Likes: 10
From: Bay Point California
Money talks! If he's ready to pull the trigger and has a wad of cash then he can offer a lower price. If he is going to finance it have your credit lined up. You go in to the deal like a wussy you are going to pay top dollar.
Drifting
Joined: May 2007
Posts: 1,515
Likes: 14
From: Gig Harbor WA
You and your friend can go to www.nadaguides.com, check off the options, mileage, and get an average price for your zip code. Easy as that -- and that's what dealers do when buying at auction.
Thread Starter
Race Director
Joined: Feb 2004
Posts: 14,984
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From: CT
Neither buyer or seller would attach much if anything to options. Car is blue and has no issues. Buyer had a price of $25k but no takers, but don't know where he was advertising it (he and potential buyer are not on forum and don't follow the Corvette market). My guess would be somewhere between $20k to $23k which would be a good deal for buyer and would sell the car for owner.
Melting Slicks
Joined: Sep 2012
Posts: 2,222
Likes: 798
From: Fort Myers Beach Florida
I just purchased an 02 conv six speed, one owner, 46000 miles, unmolested with clean history in SW Florida for $22k. I took over a year to find a local correct conv with manual transmission. Too many automatics down here with the old folks.
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Drifting
Joined: Jan 2012
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From: Hopatcong New Jersey
Melting Slicks
Joined: Sep 2012
Posts: 2,222
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From: Fort Myers Beach Florida
If you expanded your search and didn't limit it to searching local you could have found your car in well under a year and probably paid $3-5K less. Lots of beautiful, well taken care of cars being sold here on the forum to anyone willing to travel a bit. Glad to hear you found the car you were looking for but you overpaid at $22K
Drifting
Joined: Sep 2002
Posts: 1,571
Likes: 1
From: suburban Philadelphia PA
I can't imagine finding a 2003 convertible with low miles for anywhere near that price. While I agree, a base coupe with an automatic will certainly sell for less than a well optioned vehicle with a stick ... using NADA on a 10 year old car is laudable! NADA (and the rest of the pricing guides) do not sample private party sales, especially with a unique, desirable, low mileage vehicle. My daily driver is a 2002 sedan ... and is worth somewhere in the neighborhood of twice the book value ... based only partially on color, options and conditions. 10 year old cars are usually driven often, and frequently (and condition shows). In addition, price guides are not nice to low mileage card in pristine condition. Most of the time, they do not add value for various options, and sometimes only provide up to 10% price premium for low miles.
I would agree ... automatics are likely more prevalent in Florida ... and convertibles are more prevalent in San Diego and Miami. A Z06 (fixed roof, manual transmission) in Florida would likely carry a lower price, as compared to other areas. Check price guides for a 1955 Nomad ... it's pointless and worthless. In my opinion, I would check values at nearby Corvette dealers ... those who predominantly sell Corvettes.
I would agree ... automatics are likely more prevalent in Florida ... and convertibles are more prevalent in San Diego and Miami. A Z06 (fixed roof, manual transmission) in Florida would likely carry a lower price, as compared to other areas. Check price guides for a 1955 Nomad ... it's pointless and worthless. In my opinion, I would check values at nearby Corvette dealers ... those who predominantly sell Corvettes.
Last edited by SDLong329; Nov 23, 2012 at 01:01 PM.