[Z06] 02-04 Z06 question???
Skip Shift
Joined: Jan 2007
Posts: 2,031
Likes: 419
From: Citrus Hills, Florida
The way I would inspect it is very simple: Ask the owner how frequently he started the engine and changed the oil. If he indicated he drove short trips every couple of months and changed the oil at 3k mile intervals I would then ask how long it takes to put 3000 miles on the car. If he did not come back and say he changes oil at 3k miles or every 4 months I would be concerned with corrosion in the engine and pitting of the camshaft especially for a 12 year old vehicle. It is not good for a vehicle to have oil sit in the pan for over 6 months, especially if it is only rarely started and then driven short trips. The oil looks "clean" but it gets saturated with water from infrequent short heating and cooling cycles. If the vapor is not boiled off it condenses on the camshaft and upper cylinder heads and promotes corrosion. Then the only way to surely inspect is tear the engine apart. The other problems are dried out rear main bearing and camshaft and water pump seals that could start leaking after more vigorous use.
QUOTE=C5Dobie;1586162889]That could be true in some cases, but its a little extreme. I just bought an 03 Z that had 12,980 on the ODO, 9 times out of 10 I'm taking that car vs. something w/ double, triple, or 4 times that mileage. Why not? Its a new car basically, it was stock, unmolested, I had it checked out of course but you should check out any used car you're buying regardless of mileage.
Going by what you're saying EVERY SINGLE used motorcycle on the market is potentially a ticking time bomb w/ a rotting engine? Don't think so.
QUOTE=C5Dobie;1586162889]That could be true in some cases, but its a little extreme. I just bought an 03 Z that had 12,980 on the ODO, 9 times out of 10 I'm taking that car vs. something w/ double, triple, or 4 times that mileage. Why not? Its a new car basically, it was stock, unmolested, I had it checked out of course but you should check out any used car you're buying regardless of mileage.
Going by what you're saying EVERY SINGLE used motorcycle on the market is potentially a ticking time bomb w/ a rotting engine? Don't think so.
Gosh if this is the case, then most cars for sale on dealers lots are trash. I guess also that my 68 Olds 442 (which I bought new) which now has a whopping 13,588 miles (yes thirteen thousand) on it must too have a trashed engine. Especially since now I just drag race it 6 months out of the year. The engine is as it left the factory. I don't "pickle" it ....hope it lasts a little bit longer.
Race Director
Joined: Aug 2004
Posts: 14,639
Likes: 39
From: Winston-Salem North Carolina
St. Jude Donor '08-'09
Just to add to the conversation, I just picked up an '04 Z06 with just 167 miles on the odo, for $36K . The car had always been stored in a controlled environment, with the original plastic coverings still on the seats and floor. The owner had taken delivery with 5 miles on the dock.
Is it on the higher side? To me, looking at the condition of the car, it's just right. It's black on black, highly optioned, pristine and these kinda buys are extremely rare, for me anyway. I just could not see myself argue on the price on this opportunity. I have changed all fluids in the car. Next on the agenda are the lmc5, tires and battery. Already got a acid neutralizing mat for the battery.
Even if I run into some issues from the long term storage, it's a machine and can be fixed, but in return, I get some say in how well the car is treated in it's early days. I'll happily take that chance rather than save $5 - 10K on an unkown, even if it's extremely low miles. Hence, the statement that I thought the price was just right for the car.
I apologize if this post is of low informational value. Just wanted to post the information to help evaluate potential buys for buyers.
Thanks.
PS: This is simply a fantastic car and fits my kinda preference like a glove. And I do own a '72 911 (highly modified 2.4L), '08 Pontiac Solstice GXP and a flawless '96 C4 LT4 so, I've some experience in a variety of handling characteristics. C5Z to me is world class in every sense. And I have no issues with the interior either.
Is it on the higher side? To me, looking at the condition of the car, it's just right. It's black on black, highly optioned, pristine and these kinda buys are extremely rare, for me anyway. I just could not see myself argue on the price on this opportunity. I have changed all fluids in the car. Next on the agenda are the lmc5, tires and battery. Already got a acid neutralizing mat for the battery.
Even if I run into some issues from the long term storage, it's a machine and can be fixed, but in return, I get some say in how well the car is treated in it's early days. I'll happily take that chance rather than save $5 - 10K on an unkown, even if it's extremely low miles. Hence, the statement that I thought the price was just right for the car.
I apologize if this post is of low informational value. Just wanted to post the information to help evaluate potential buys for buyers.
Thanks.
PS: This is simply a fantastic car and fits my kinda preference like a glove. And I do own a '72 911 (highly modified 2.4L), '08 Pontiac Solstice GXP and a flawless '96 C4 LT4 so, I've some experience in a variety of handling characteristics. C5Z to me is world class in every sense. And I have no issues with the interior either.
Nice find and congrats to you. In 04 you would have paid around 54k, 10 yrs later you have a new C5Z with maintenance miles on it for 34k, have fun enjoying a world class very competetive sports car
Race Director
Joined: Jan 2008
Posts: 16,028
Likes: 170
From: oregon
Gosh if this is the case, then most cars for sale on dealers lots are trash. I guess also that my 68 Olds 442 (which I bought new) which now has a whopping 13,588 miles (yes thirteen thousand) on it must too have a trashed engine. Especially since now I just drag race it 6 months out of the year. The engine is as it left the factory. I don't "pickle" it ....hope it lasts a little bit longer. [/QUOTE]
he had a point there. if you start a car that isn't driven often you should let the oil get up to 200 and leave it there for 5 minutes or so. if you just start it and the oil never warms up you can accumulate a lot of condensation
[/QUOTE]he had a point there. if you start a car that isn't driven often you should let the oil get up to 200 and leave it there for 5 minutes or so. if you just start it and the oil never warms up you can accumulate a lot of condensation
Intermediate
Joined: Jan 2014
Posts: 40
Likes: 1
From: Houston TX
For the guys that have been on this forum for a long time: Is there a significant change in the number of z06's for sale as we approach March and into Spring/Summer? What happens to the prices based on the availability? Should I wait to buy until Spring/Summer to get a better deal? There does not appear to be a lot of Z06's for sale right now at $20k and below!
Thanks, John
Thanks, John
Thread Starter
Intermediate
Joined: Jan 2014
Posts: 36
Likes: 0
Just stirring the pot a little bit! It is good to see other opinions and mind sets with respect to these issues.
QUOTE=BuckFarack;1586184535]Did you post this just to argue with everyone? You obviously know what you think a used z06 goes for.[/QUOTE]
QUOTE=BuckFarack;1586184535]Did you post this just to argue with everyone? You obviously know what you think a used z06 goes for.[/QUOTE]
Burning Brakes
Joined: Oct 2013
Posts: 971
Likes: 0
From: new orleans louisiana
St. Jude Donor '14
well
they don't, we know they don't
first off even if there were able to get DMV records from the states that report such things, how many people do you think low ball the value on a private sale slip regardless of what they paid to shrink the tax? i'd take a stab at a lot. if i buy a car from my neighbor for 15k but the lowest value i can find somewhere is 10k guess what's going on the slip.
the only book that uses factual sales data is nada period. dealers really are the only people who report accurate records of car sales.
they don't, we know they don't
first off even if there were able to get DMV records from the states that report such things, how many people do you think low ball the value on a private sale slip regardless of what they paid to shrink the tax? i'd take a stab at a lot. if i buy a car from my neighbor for 15k but the lowest value i can find somewhere is 10k guess what's going on the slip.
the only book that uses factual sales data is nada period. dealers really are the only people who report accurate records of car sales.
hahahaha
Last edited by moe24; Feb 16, 2014 at 12:00 PM.
Le Mans Master
Joined: Mar 2002
Posts: 5,955
Likes: 161
From: PNW
well
they don't, we know they don't
first off even if there were able to get DMV records from the states that report such things, how many people do you think low ball the value on a private sale slip regardless of what they paid to shrink the tax? i'd take a stab at a lot. if i buy a car from my neighbor for 15k but the lowest value i can find somewhere is 10k guess what's going on the slip.
the only book that uses factual sales data is nada period. dealers really are the only people who report accurate records of car sales.
they don't, we know they don't
first off even if there were able to get DMV records from the states that report such things, how many people do you think low ball the value on a private sale slip regardless of what they paid to shrink the tax? i'd take a stab at a lot. if i buy a car from my neighbor for 15k but the lowest value i can find somewhere is 10k guess what's going on the slip.
the only book that uses factual sales data is nada period. dealers really are the only people who report accurate records of car sales.
Safety Car
Joined: Sep 2007
Posts: 4,168
Likes: 21
From: Sunniest city on Earth
KBB typically runs high on our cars, but actually came in lower than the NADA on my truck... I think they use a dart board to calculate their values
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Racer
Joined: Nov 2013
Posts: 295
Likes: 1
I asked the seller to write down the lowest number he felt comfortable with on the bill of sale since I was paying cash... Win for me and lose for the c5z community. Sorry guys :/
Race Director
Joined: Jan 2008
Posts: 16,028
Likes: 170
From: oregon
if you take an average car with average miles the values aren't far off. low miles seems to throw kbb into the stratosphere. possibly because so few low mile cars exist that are ten years old
private party on a 2002 z06 with 100k miles was like 15k of 15.3k which is actually right about where an average car trades hands. really nice ones might get 16k and a rough one 13-14k
Safety Car
Joined: Oct 2013
Posts: 3,716
Likes: 13
From: Staten Island NY
Thread Starter
Intermediate
Joined: Jan 2014
Posts: 36
Likes: 0
The question was "what was a fair offer" on a 2001 z06. I would "offer" what Edmunds says is the average at $13-14k and hopefully meet in the middle at $16k for actual sale. How can you call an average sales price a lowball offer. The only people standing to benefit from driving prices up are the manufacturers, dealers and the State govt. via repeat taxes.
Le Mans Master
Joined: Mar 2002
Posts: 5,955
Likes: 161
From: PNW
The way prices seem to be and what buys expect to pay, I'll just keep my pristine '02 Zee with 24K miles forever. Its' pretty sad when it's worth not much more than what the tax and extra insurance premiums would be on a new C7 Z06.
Race Director
Joined: Jan 2008
Posts: 16,028
Likes: 170
From: oregon
The question was "what was a fair offer" on a 2001 z06. I would "offer" what Edmunds says is the average at $13-14k and hopefully meet in the middle at $16k for actual sale. How can you call an average sales price a lowball offer. The only people standing to benefit from driving prices up are the manufacturers, dealers and the State govt. via repeat taxes.
the problem is, you want white, which really shrinks the available cars
if you wanted black {which was the most produced color} it would be easy
Safety Car
Joined: Oct 2013
Posts: 3,716
Likes: 13
From: Staten Island NY
The question was "what was a fair offer" on a 2001 z06. I would "offer" what Edmunds says is the average at $13-14k and hopefully meet in the middle at $16k for actual sale. How can you call an average sales price a lowball offer. The only people standing to benefit from driving prices up are the manufacturers, dealers and the State govt. via repeat taxes.
I'd say 17k will get you a decent 70-80k mile Z06. I couldn't give half a **** what it says on Edmunds.com. If someone told me that I'd tell them to go buy a car from Edmunds.com then.
I sold my GTO for a lot more than what the fair market value was....and only $1000 less than what I paid for it 4 years ago. Don't think everyone is gonna sell themselves short because some website spat out an arbitrary price for their car.
You want a 13-14k Z06....you're either getting one with over 100k miles on it (which is asking for trouble IMO because now you're in the territory of possibly needing a new clutch, etc.) or it's gonna be beat to ****, or both. Only car I ever saw that cheap was just that...120 miles I think and front and rear bumpers needed paint. I don't remember what else it needed though.
What I would do, and what I did...is pay 20-21k for a mid range miles vehicle with as much new maintenance items as you could possible find. Mine had 50k miles on it with a new ls7 clutch with remote bleeder, headers, fast, throttle body, intake, new tires, new brakes and a bunch of other stuff. It won't need anything for years.
Last edited by TGO; Feb 19, 2014 at 12:29 AM.