Really 55K?
Thread Starter
Instructor
Joined: Jul 2014
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From: Hollywood Florida
St. Jude Donor '15
Really 55K?
Sometimes when I have some time to waste I'll look though my local Auto Trader to see whats around and what the pricing is.
Let me preface this by saying I love cars, I love Corvettes, 55k for a '03 C5 Anniversary Edition is a little over the the top to me even if it does only have 1800 plus miles on it.
In fact I would be a little concerned with a car that sat that much.
And if the guy is a Forum Member no offense - thoughts?
http://www.autotrader.com/cars-for-s...79348129&Log=0
Let me preface this by saying I love cars, I love Corvettes, 55k for a '03 C5 Anniversary Edition is a little over the the top to me even if it does only have 1800 plus miles on it.
In fact I would be a little concerned with a car that sat that much.
And if the guy is a Forum Member no offense - thoughts?
http://www.autotrader.com/cars-for-s...79348129&Log=0
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Most educated Corvettes owners laugh at the amount, however there may be a Corvette owner wanna-be with more money than sense who works a deal "down" to $50K. 
I agree that with that amount of miles, unless this car was stored in an air-tight facility, you're looking at $5K worth of new rubber, hoses, fluids, etc. before I would trust driving the car.
Still would be a nice pick-up if you can negotiate a better price.
I agree that with that amount of miles, unless this car was stored in an air-tight facility, you're looking at $5K worth of new rubber, hoses, fluids, etc. before I would trust driving the car.
Still would be a nice pick-up if you can negotiate a better price.
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Unless he finds a real sucker, he'll never sell the car at that price. Heck, you could have bought it new back in 2003 for that money.
Le Mans Master
Joined: Sep 2013
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From: Wisconsin
Who knows what condition the car is in. It could have been stored in a climate controlled garage, and fluids, hoses and belts might have been changed every few years. A guy has to care a lot about a car to keep it for so long without driving it. (or not care at all) As for the price, just like for real estate, there are buyers that will pay the price if they want it bad enough. I wouldn't pay, but someone with money might want a brand new 2003 for his collection.
Drifting
Joined: Mar 2013
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From: Little Rock Arkansas
Base for a 2003 was roughly $46,000. Even with 50th Anniversary trim I'm fairly sure it would have been very difficult to get above a $55,000 price range, even if you fully optioned out the car. Plus you can find sub-50,000 mile 50th Anniversary cars for well under $25,000 all day. Bump up the mileage some and you get well below $20,000.
I too would be worried simply because of passage of time. I think people forget 2003-2004 isn't exactly "young" in car terms. That's getting up there.
Anybody willing to pay that much for a 50th Anniversary car, hit me up 'cause I have some hot beach front investment property in Montana up for grabs. Prime real estate for sure.
I too would be worried simply because of passage of time. I think people forget 2003-2004 isn't exactly "young" in car terms. That's getting up there.
Anybody willing to pay that much for a 50th Anniversary car, hit me up 'cause I have some hot beach front investment property in Montana up for grabs. Prime real estate for sure.
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Instructor
Joined: Feb 2014
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From: alabama
Yeah, I'd say 55K is a little much..LOL.
Just a few months ago buyavette.net in Atlanta had a '03 AE with only 276 miles on it. If I remember correctly they were asking around 36K for it and it sold in less than 60 days. So who knows, maybe they had theirs underpriced?
Just a few months ago buyavette.net in Atlanta had a '03 AE with only 276 miles on it. If I remember correctly they were asking around 36K for it and it sold in less than 60 days. So who knows, maybe they had theirs underpriced?
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I don't think the 03 is there yet, but it will be if he keeps the miles of it. Its called collector being and Anniversary. I know we can all laugh about it, but I remember people scoffing at the idea a 67 was worth 10k They were sold new for $4500. Any of us on here would buy one right now for for 10 times it's new price if it only had 1800 miles on it.
Le Mans Master
Joined: Sep 2013
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From: Wisconsin
I don't think the 03 is there yet, but it will be if he keeps the miles of it. Its called collector being and Anniversary. I know we can all laugh about it, but I remember people scoffing at the idea a 67 was worth 10k They were sold new for $4500. Any of us on here would buy one right now for for 10 times it's new price if it only had 1800 miles on it.
25th anniversary editions are going for twice what they were new and the C5 is twice the car..
Last edited by JR-01; Oct 13, 2014 at 02:42 PM.
Racer
Joined: Mar 2014
Posts: 399
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From: Southern NH
I agree that it fits the collector car checklist and with that said it makes no sense to compare it to original MSRP. MSRP doesn't matter because you haven't been able to buy one at that price in 11 years. I also agree that $55 is high BUT what is a fair price in everyone's opinion?
I would put it at $35k
I would put it at $35k
Le Mans Master
Joined: Sep 2009
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From: My interests are mobile
There are plenty of people out there, who aren't "connected". They don't patrol forums, search for comps, ask others opinions of just how CHEAP they should post their car. In the end, it's up to the buyer to decide what a cars worth, not the seller. Hell, if I could sell my car for 100k to an unknowing buyer, I'd damn sure do it.
In the end, a car is worth what someone else is willing to pay. Is the car overpriced if you have the wherewithal to search for comps...sure. If you're the old guy who wants a Corvette, is looking in a 5 mile radius of his house, sees this "SURE COLLECTOR ITEM" (not my opinion but..) right down the street...he damn sure may pull 40k or 45k out of his account. So, while everyone was once laughing at the buyer, who laughs last.
Is it overpriced...obviously. If he gets paid though...then was it?
In the end, a car is worth what someone else is willing to pay. Is the car overpriced if you have the wherewithal to search for comps...sure. If you're the old guy who wants a Corvette, is looking in a 5 mile radius of his house, sees this "SURE COLLECTOR ITEM" (not my opinion but..) right down the street...he damn sure may pull 40k or 45k out of his account. So, while everyone was once laughing at the buyer, who laughs last.
Is it overpriced...obviously. If he gets paid though...then was it?
Le Mans Master
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From: Wisconsin
Intermediate
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From: Charlotte North Carolina
Le Mans Master
Joined: Sep 2013
Posts: 8,900
Likes: 1,074
From: Wisconsin
I wouldn't pay it either but I am not looking for an extremely low mileage AE for my collection. The guy will probably take less and is just starting high. He might get 45K. It will be interesting to see if he sells it.
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From: Lacey WA RVN 68-69
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His ad states that only 4700 50th Anniversary cars "in that model" were produced. I think the total for 50th Anniversary coupes was just over 4000 out of the 12,800+ coupes built. That's a little more than 1/3 of the coupe production and the total number of 50th cars represented 1/3 of all '03 C5's. There were a lot more 50th convertibles built (over 7500) and they represented half of all '03 'verts.
IMHO, the ad reads like a car salesman wrote it as it lists some things that were standard to the C5 and other things that were simply part of the 1SC option.
Is it worth $55K? Even with the 1800 miles on the odometer, that's still way too high. $30K may be a good price but not much over $35K if at all.
IMHO, the ad reads like a car salesman wrote it as it lists some things that were standard to the C5 and other things that were simply part of the 1SC option.
Is it worth $55K? Even with the 1800 miles on the odometer, that's still way too high. $30K may be a good price but not much over $35K if at all.