Whats it worth??
Thread Starter
Pro
Joined: Jul 2014
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Whats it worth??
Been looking around for an early model C5 and ran into a Red 97 from a local dealership with 53K miles, 6spd, clean interior/exterior and everything seemed to be functional when I drove it.....curious what you guys think it was worth.
Race Director
Joined: Oct 2011
Posts: 15,037
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From: Holly Springs NC
St. Jude Donor '16-'17,'22,'24
I'll play,
Asking $14K
Taking $12,500
Let me know if I win anything.
That's a mid-mileage car for a newer C5, but almost a low mileage for an early C5. I might be a tad low on the taking, but the asking is about right.
Asking $14K
Taking $12,500
Let me know if I win anything.
That's a mid-mileage car for a newer C5, but almost a low mileage for an early C5. I might be a tad low on the taking, but the asking is about right.
Last edited by roadbike56; Dec 8, 2014 at 06:32 PM.
Burning Brakes
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The guesses above should be fairly accurate IMO.
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Pro
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Thanx Gman...Negotiating anything of this nature is just pulling teeth! one has their figure pushing down on the scale the other is pushing up hoping to get the price down, ofcourse this has been going on since Day One, and sure everyone wants to make a buck and everyone wants to save a buck, so where does it end
Last edited by lectroglide; Dec 8, 2014 at 09:50 PM.
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Team Owner
Joined: Mar 2001
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From: small town in S.E Pa. PA
St. Jude Donor '03-'04
This is the best month to negotiate a deal on a new car or a used car.. the years end deals are what helps to make dealership quotas for the year...
The best day of course would be Dec 31... this is where GM pays off their incentives to dealerships for units sold... used cars are also benefited with year end sales for used car salesman trying to make their quota, and receiving their bonus.. If you want the car for 13.5 out the door, bring in a cashiers check for that amount and tell them you are going to buy a C5 today... here is my offer and my check, if I leave I wont be back because I will find the car I want for the right price somewhere else today. Someone will get my money .
They hate to see a paying customer ready to deal with money ion the pocket , walk out the door, knowing they are ready to buy. that car costs them money everyday it stays on their floor plan.
The best day of course would be Dec 31... this is where GM pays off their incentives to dealerships for units sold... used cars are also benefited with year end sales for used car salesman trying to make their quota, and receiving their bonus.. If you want the car for 13.5 out the door, bring in a cashiers check for that amount and tell them you are going to buy a C5 today... here is my offer and my check, if I leave I wont be back because I will find the car I want for the right price somewhere else today. Someone will get my money .
They hate to see a paying customer ready to deal with money ion the pocket , walk out the door, knowing they are ready to buy. that car costs them money everyday it stays on their floor plan.
Thread Starter
Pro
Joined: Jul 2014
Posts: 642
Likes: 11
This is the best month to negotiate a deal on a new car or a used car.. the years end deals are what helps to make dealership quotas for the year...
The best day of course would be Dec 31... this is where GM pays off their incentives to dealerships for units sold... used cars are also benefited with year end sales for used car salesman trying to make their quota, and receiving their bonus.. If you want the car for 13.5 out the door, bring in a cashiers check for that amount and tell them you are going to buy a C5 today... here is my offer and my check, if I leave I wont be back because I will find the car I want for the right price somewhere else today. Someone will get my money .
They hate to see a paying customer ready to deal with money ion the pocket , walk out the door, knowing they are ready to buy. that car costs them money everyday it stays on their floor plan.
The best day of course would be Dec 31... this is where GM pays off their incentives to dealerships for units sold... used cars are also benefited with year end sales for used car salesman trying to make their quota, and receiving their bonus.. If you want the car for 13.5 out the door, bring in a cashiers check for that amount and tell them you are going to buy a C5 today... here is my offer and my check, if I leave I wont be back because I will find the car I want for the right price somewhere else today. Someone will get my money .
They hate to see a paying customer ready to deal with money ion the pocket , walk out the door, knowing they are ready to buy. that car costs them money everyday it stays on their floor plan.
I believe that might work in theory but might be worth a try
Team Owner
Joined: Mar 2001
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From: small town in S.E Pa. PA
St. Jude Donor '03-'04
I've been around dealerships for 55 years of my 70 years of life, Between myself and my wife and kids I have purchased 27 new cars in my lifetime. Tgis is how you push all the right buttons to take advantage of every advantage. They can still say no.. but, this method puts it all on the table... at this time of year, You are in the driver's seat to get a good deal.
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Last edited by lectroglide; Dec 10, 2014 at 03:55 PM.
Burning Brakes
Joined: Oct 2014
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From: Detroit MI
Unless you need a car right away, it would likely pay off (a few grand) to wait and find one private party. May need to drive for it, but that's a great way to get familiar with a new car.
Also, have you pulled NADA values? They can be pretty good bargaining leverage if a dealer is overvaluing a car.
Also, have you pulled NADA values? They can be pretty good bargaining leverage if a dealer is overvaluing a car.
Thread Starter
Pro
Joined: Jul 2014
Posts: 642
Likes: 11
Unless you need a car right away, it would likely pay off (a few grand) to wait and find one private party. May need to drive for it, but that's a great way to get familiar with a new car.
Also, have you pulled NADA values? They can be pretty good bargaining leverage if a dealer is overvaluing a car.
Also, have you pulled NADA values? They can be pretty good bargaining leverage if a dealer is overvaluing a car.
Racer
Joined: Nov 2013
Posts: 361
Likes: 55
From: Los Angeles CA
Here's what I did...
It took months of watching Autrader.com and Craig's List for me to settle on the C5 I bought in September. Here's my take:
Buy from a private party and get to know them ahead of time. Have the car inspected first. Make sure it has no performance mods. Find a one or two owner car. I got a 2002 black on black coupe fully loaded with 71k miles, new run flat Michelin Pilots, and a power train, engine warranty that's good until April 2017 (the guy bought it a year ago for $3300), and I paid $14,500. for it.
Also, be aware that there are many C5s on Autotrader that have been there for months and months. If you find a motivated seller you can get a Vette for much less than NADA says they're worth. Plus, since you don't want a Z06 (like I didn't) you have the advantage of buying a car that was less likely to have been driven as hard, and it's less in demand, judging by all the people out there shopping who seem to prefer the fixed roof Z06
Buy from a private party and get to know them ahead of time. Have the car inspected first. Make sure it has no performance mods. Find a one or two owner car. I got a 2002 black on black coupe fully loaded with 71k miles, new run flat Michelin Pilots, and a power train, engine warranty that's good until April 2017 (the guy bought it a year ago for $3300), and I paid $14,500. for it.
Also, be aware that there are many C5s on Autotrader that have been there for months and months. If you find a motivated seller you can get a Vette for much less than NADA says they're worth. Plus, since you don't want a Z06 (like I didn't) you have the advantage of buying a car that was less likely to have been driven as hard, and it's less in demand, judging by all the people out there shopping who seem to prefer the fixed roof Z06