c5 prices
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7th Gear
Joined: Sep 2009
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c5 prices
Question for anyone who would like to answer. Why is it that corvette z06 in the range of 2002-2004 prices are all over $6000 to $12000 dollars over the blue book price.
The reason i ask is i recently sold my 1993 c4 with only 40000 miles on it of $1500 under blue book price, and that toooook a while.
So anyone who can explain this I am all ears, thanks!!!
The reason i ask is i recently sold my 1993 c4 with only 40000 miles on it of $1500 under blue book price, and that toooook a while.
So anyone who can explain this I am all ears, thanks!!!
Melting Slicks
Joined: Feb 2006
Posts: 2,938
Likes: 62
From: Columbia SC
KBB and NADA are BS tools used by dealers to try and rip you off. Cars are worth what someone is willing to pay and the market will have. For instance when I traded my 96 vert red/blk auto with 38,000 original miles for a truck the dealer gave me $15,800. When I bought the car 5 years prior I paid $15,500 for it. So it's all relative. I just recently bought a 04 Z06 blk/blk with 18,881 on the clock and 1 owner. Paid $24,000 for it and I think I was right where I needed to be on that price. JMO 
Last edited by Fast Cop; May 19, 2015 at 03:24 PM.
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Because some times owners have an unrealistic vision of what their car is really worth in the market place. But if they can get that kind of price, more power to them.
Melting Slicks
Joined: Jun 2013
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From: West Virginia
High (above book) prices are fine if the car really is "perfect". That's maybe 5% of the overall market, by the way.Me? If I was going to spend north of $20k, I would be looking for an average to good C6.
But not this time of year - best time to buy a sports car is when winter is on its way.........
Safety Car
Joined: Apr 2011
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From: Houston TX
Because people pay more for low mileage, clean cars with a good history.
The "blue book" just seems to be a tool for dealers and lenders, it used to be good years ago though. Many cars sell for above book and many sell below book. Every situation is different, but some cars are just more desirable than others.
The "blue book" just seems to be a tool for dealers and lenders, it used to be good years ago though. Many cars sell for above book and many sell below book. Every situation is different, but some cars are just more desirable than others.
Race Director
Joined: Oct 2011
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From: Holly Springs NC
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OP, if you were looking at a coupe or vert, it would be harder to explain the "book" value difference. However, the Z06 is very much in demand, probably because it's as close to a race ready car as can be obtained right out of the dealership. Many would disagree with the earlier comment about buying a C6 instead when spending north of $20K. Apparently, the market place does too.
Unfortunately, the marketplace has not been kind to C4s. Many nice examples are priced well below $10K. Your low mileage LT1 probably did better than most.
As for "Book value" I've posted many times on these forums that the books don't work well for Corvettes. Dealers only use book when they favor their position.
BTW, I don't own a Z06, just a plain old coupe that's continuing to depreciate.
Unfortunately, the marketplace has not been kind to C4s. Many nice examples are priced well below $10K. Your low mileage LT1 probably did better than most.
As for "Book value" I've posted many times on these forums that the books don't work well for Corvettes. Dealers only use book when they favor their position.
BTW, I don't own a Z06, just a plain old coupe that's continuing to depreciate.
Drifting
Joined: Oct 2012
Posts: 1,585
Likes: 28
From: Cedaredge Colorado
There sure are lots of C5Z06 for sale these days, lots of low mileage cars about. Same with the C6Z06.
Seems to me lots of guys are trying to move up a gen and get the most they can for there car. Some fishing for that guy that has to pay the most he can for a car, lol.
Come fall/ winter should be some smokin deals, but then again I thouht that last winter, lol. Had hoped the Earlier C6Zs would come down below the 30k mark. Just sold my modded FRC for 11k with 152k miles in hopes of scoring a C6Z soon, but looks like I'll be waiting a bit
OP your right on prices though, there all over the place!!
Seems to me lots of guys are trying to move up a gen and get the most they can for there car. Some fishing for that guy that has to pay the most he can for a car, lol.
Come fall/ winter should be some smokin deals, but then again I thouht that last winter, lol. Had hoped the Earlier C6Zs would come down below the 30k mark. Just sold my modded FRC for 11k with 152k miles in hopes of scoring a C6Z soon, but looks like I'll be waiting a bit
OP your right on prices though, there all over the place!!
Drifting
Joined: Nov 2011
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From: Chesterfield (St. Louis) MO
We get threads like this like once a week, by the way.
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Because people pay more for low mileage, clean cars with a good history.
The "blue book" just seems to be a tool for dealers and lenders, it used to be good years ago though. Many cars sell for above book and many sell below book. Every situation is different, but some cars are just more desirable than others.
The "blue book" just seems to be a tool for dealers and lenders, it used to be good years ago though. Many cars sell for above book and many sell below book. Every situation is different, but some cars are just more desirable than others.
cesssna10
Joined: Feb 2011
Posts: 1,391
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From: Big Canoe Ga
Melting Slicks
Joined: Nov 2008
Posts: 2,185
Likes: 641
From: Garland TX
Question for anyone who would like to answer. Why is it that corvette z06 in the range of 2002-2004 prices are all over $6000 to $12000 dollars over the blue book price.
The reason i ask is i recently sold my 1993 c4 with only 40000 miles on it of $1500 under blue book price, and that toooook a while.
So anyone who can explain this I am all ears, thanks!!!
The reason i ask is i recently sold my 1993 c4 with only 40000 miles on it of $1500 under blue book price, and that toooook a while.
So anyone who can explain this I am all ears, thanks!!!
Racer
Joined: Sep 2010
Posts: 251
Likes: 7
From: Winston-Salem NC
I have postpone our vacation this weekend to go look at a C4 ZR1. The wife is pissed.
Instructor
Joined: Mar 2015
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If you wanna get a ballpark figure you need Mannheim reports and to check the eBay sold listings, kbb and nada are just a start from where you go off based on history of the vehicle. I was a long time lurker on this forum, maybe 3 years and just made an account after my purchase. What I've noticed however is that a lot of vette owners tend to think their decade old chevy's are made of gold.
Team Owner
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From: Blessed are the cracked. For they are the ones who let in the light.
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Going by the books the prices are all over the place on these cars.
A smart shopper see's what's out there and evaluates for himself what a good ride is going for.
Do your homework....it's your best tool.
A smart shopper see's what's out there and evaluates for himself what a good ride is going for.
Do your homework....it's your best tool.