C5 Corvette Book Value on the decrease?

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Jan 5, 2015 | 04:30 PM

#21

Yello95

Team Owner

Joined: May 2001

Posts: 25,044

Likes: 1,265

From: Virginia

St. Jude Donor '11

Quote:

Originally Posted by mike5511

I paid $23000.00 in 2010 for a 2003 vert. with 34,000 miles on it. (see the little pic to the left) If I sold it today for half that, I would say "MONEY WELL SPENT"!

I would be glad to take you up on that offer sir...$$11,500 + $500 tip?
Let me know...

Jan 5, 2015 | 04:35 PM

#22

cessna10

cesssna10

Joined: Feb 2011

Posts: 1,391

Likes: 47

From: Big Canoe Ga

Quote:

Originally Posted by mctwist77

Hey everyone I bought my Vette in August and it had a KBB value of 21k. Now 500 miles later it's only valued at 17k. Is this fairly normal for the C5 market and any chance it will bounce back?

I would not put any faith in kbb. Check nada

Jan 5, 2015 | 05:35 PM

#23

QCVette

Le Mans Master

Joined: Jun 2009

Posts: 6,528

Likes: 752

From: South Dakota

I would not put faith in any of them. Take a look at what is for sale on Autotrader, Cars, Craigslist, etc. and think that they are the asking prices and most will come down during negotiations.

I do like KBB, NADA, etc for use in negotiations to buy one. Frequently they show a very incorrect value and if it is lower, it helps to negotiate a lower price when buying.

Jan 5, 2015 | 09:31 PM

#24

mike5511

Instructor

Joined: Jun 2011

Posts: 227

Likes: 2

From: Arkansas

Quote:

Originally Posted by Yello95

I would be glad to take you up on that offer sir...$$11,500 + $500 tip?
Let me know...

I said "IF". that would be a really big "IF".......

Jan 6, 2015 | 12:05 AM

#25

Yello95

Team Owner

Joined: May 2001

Posts: 25,044

Likes: 1,265

From: Virginia

St. Jude Donor '11

Quote:

Originally Posted by mike5511

i said "if". That would be a really big "if".......

BoooooooooooooooHissssssssssssssss.....

Jan 6, 2015 | 07:47 AM

#26

calbrit561

Racer

Joined: Dec 2014

Posts: 277

Likes: 10

From: West Palm Beach FL

well i think you paid a lot for a c5 i just bought a 2002 convertible 6sp garage queen with 70k miles for 12k with brand new tires

Jan 6, 2015 | 01:38 PM

#27

Big Vig

Instructor

Joined: Aug 2014

Posts: 149

Likes: 6

From: North Carolina

So after reading some comments I checked my car on kbb... It said $11,000!? Its a 2000 coupe with 70k on it... check NADA and its says $17,000 (bought the car with 60k on it for 16,500 last year). Im sticking with NADA!