[Z06] Thoughts on Value
Thread Starter
Intermediate
Joined: Mar 2016
Posts: 27
Likes: 1
Thoughts on Value
Hi C5Zers,
I'm looking to purchase my new to me C5Z. I'm in love with the look and the way it drives. I'm wanting your thoughts on what this car is worth in you experienced opinions.
I've seen the car. It looks nearly perfect. I don't really find anything cosmetically wrong. I can't find anything wrong when driving it and walking it while idling. If I was to pull the trigger I'd have it inspected by a local corvette shop. So lets say it's in the great shape I think it is, whats a reasonable sales price?
http://www.mikenaughtonford.com/used...earchDepth=1:1
I'm looking to purchase my new to me C5Z. I'm in love with the look and the way it drives. I'm wanting your thoughts on what this car is worth in you experienced opinions.
I've seen the car. It looks nearly perfect. I don't really find anything cosmetically wrong. I can't find anything wrong when driving it and walking it while idling. If I was to pull the trigger I'd have it inspected by a local corvette shop. So lets say it's in the great shape I think it is, whats a reasonable sales price?
http://www.mikenaughtonford.com/used...earchDepth=1:1
Advanced
Joined: May 2015
Posts: 74
Likes: 2
22-26K depending on location. 30 is a little high to me. As there is another, two owner, 02Z with 29k miles in great shape for only 22,900. But does look like a very well taken care of car. As long as it checks out mechanically, and you can negotiate price, I would go for it!
Drifting
Joined: Jul 2012
Posts: 1,325
Likes: 239
From: Missi'ppi... no mo' MO for me!!
Wow. "P-R-O-U-D" can't begin to describe their pricing. In June '12, I paid CarMax ~$28,000 including tax and a warranty for an '03 z06 with 25,000 miles. That warranty was 6-year / 120,000 miles, bumper-to-bumper.
It does look like a pristine bone stock specimen, but I wouldn't go over $22G out the door. Those rims aren't stock; not even the z06 came with chromed wheels, and I doubt very much if those are polished (I think polished came out in 04). Don't forget to set aside a few hundred for changing all the fluids.
Clutch fluid
Brake fluid
radiator coolant
power steering fluid
transmission fluid
differential fluid
limited slip modifier (OEM GM is ~$14 as I recall)
CAGS
If you pay a shop for all that, I bet it'll run > $500, and it'll probably run $250 for premium brand-name oils and fluids (Amsoil, Royal Purple, etc.) to do them all yourself.
And I *think I see a date stamp on a tire that says 53-10; if I'm right, those tires are 5-1/2 years old. If so, you're gonna need new tires pretty damn "soon".
Grind 'em hard on the price if you want it; that car's killin' their used-Mustang sales, I guarantee it. I bet everyone looking for a Mustang is goin' home to count their pennies and reconsider.
It does look like a pristine bone stock specimen, but I wouldn't go over $22G out the door. Those rims aren't stock; not even the z06 came with chromed wheels, and I doubt very much if those are polished (I think polished came out in 04). Don't forget to set aside a few hundred for changing all the fluids.
Clutch fluid
Brake fluid
radiator coolant
power steering fluid
transmission fluid
differential fluid
limited slip modifier (OEM GM is ~$14 as I recall)
CAGS
If you pay a shop for all that, I bet it'll run > $500, and it'll probably run $250 for premium brand-name oils and fluids (Amsoil, Royal Purple, etc.) to do them all yourself.
And I *think I see a date stamp on a tire that says 53-10; if I'm right, those tires are 5-1/2 years old. If so, you're gonna need new tires pretty damn "soon".
Grind 'em hard on the price if you want it; that car's killin' their used-Mustang sales, I guarantee it. I bet everyone looking for a Mustang is goin' home to count their pennies and reconsider.
Last edited by dork; Apr 25, 2016 at 12:13 AM.
Melting Slicks
Joined: Aug 2011
Posts: 2,423
Likes: 200
From: Atlanta GA
They want too much for it, but it looks like nice car. 22-25K is fair for an 02 with 36K.
I paid 3K less than what they are asking for my 03 with 20K miles, over 3 years ago and that was with a 2 year 50,000 mile warranty.
I paid 3K less than what they are asking for my 03 with 20K miles, over 3 years ago and that was with a 2 year 50,000 mile warranty.
Race Director
Joined: Jan 2001
Posts: 14,999
Likes: 312
From: P-town Baby! Virginia
It looks clean and sharp...but way way way overpriced. I think you can keep looking and find something in similar condition for 22-25k (as others have mentioned).
Did I mention that it is way overpriced and the dealer is getting ready to pull down your pants and have their way w you?
Plz.....take a step back and look around some more....it will save you several thousand dollars minimum.
Did I mention that it is way overpriced and the dealer is getting ready to pull down your pants and have their way w you?
Plz.....take a step back and look around some more....it will save you several thousand dollars minimum.
Melting Slicks
Joined: Jan 2014
Posts: 3,153
Likes: 859
From: Rio Rancho, New Mexico
C6 of Year Finalist (appearance mods) 2019
Agree with above posts. I bought my then bone stock '04 Z06 (Torch Red/Mod Red interior) two years ago for $30k on the nose. It only had 6900 miles, and was near perfect. Talk them down, or find another.
Burning Brakes
Joined: Jan 2015
Posts: 1,031
Likes: 179
From: Bakersfield CA
I got my 04Z with 33k for $ 24,700 two years ago and the car was mint. The guy wanted 27K for it but he gave to my offer. They are out there, you just have to look and take your time. The other thing you have to be aware of is the 02 and 03 Z's issue with the valves. Not a deal breaker but you have to get them checked.
Good luck with your hunt !!!!
Good luck with your hunt !!!!
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Le Mans Master
Joined: Jun 2001
Posts: 7,331
Likes: 518
From: Admit Nothing, Deny Everything, Make Counter Accusations.
Hi C5Zers,
I'm looking to purchase my new to me C5Z. I'm in love with the look and the way it drives. I'm wanting your thoughts on what this car is worth in you experienced opinions.
I've seen the car. It looks nearly perfect. I don't really find anything cosmetically wrong. I can't find anything wrong when driving it and walking it while idling. If I was to pull the trigger I'd have it inspected by a local corvette shop. So lets say it's in the great shape I think it is, whats a reasonable sales price?
http://www.mikenaughtonford.com/used...earchDepth=1:1
I'm looking to purchase my new to me C5Z. I'm in love with the look and the way it drives. I'm wanting your thoughts on what this car is worth in you experienced opinions.
I've seen the car. It looks nearly perfect. I don't really find anything cosmetically wrong. I can't find anything wrong when driving it and walking it while idling. If I was to pull the trigger I'd have it inspected by a local corvette shop. So lets say it's in the great shape I think it is, whats a reasonable sales price?
http://www.mikenaughtonford.com/used...earchDepth=1:1
https://www.corvetteforum.com/forums...000-miles.html
Thread Starter
Intermediate
Joined: Mar 2016
Posts: 27
Likes: 1
I'm asking over $4,000 less for my single owner stocker and I have about 1/2 the mileage:
https://www.corvetteforum.com/forums...000-miles.html
https://www.corvetteforum.com/forums...000-miles.html
Drifting
Joined: Jul 2012
Posts: 1,325
Likes: 239
From: Missi'ppi... no mo' MO for me!!
Race Director
Joined: May 2004
Posts: 15,866
Likes: 196
From: PA
For a dealer, I'd say $24-25k would be about right for them to list it for. Which means you could get them down another $1k or so with some haggling. Private party more like $22k. I noticed the chrome wheels to, they weren't a 'factory' option on any 01-04z, but some here say a lot of dealers would send the stock wheels out to be chromed if a customer wanted. I would make sure they are speedlines if I was buying it. Aftermarket chrome replicas are much heavier.
Melting Slicks
Joined: Aug 2011
Posts: 2,423
Likes: 200
From: Atlanta GA
I'm asking over $4,000 less for my single owner stocker and I have about 1/2 the mileage:
https://www.corvetteforum.com/forums...000-miles.html
https://www.corvetteforum.com/forums...000-miles.html
Melting Slicks
Joined: Feb 2006
Posts: 2,938
Likes: 62
From: Columbia SC
Nice car but price is to high. Just for your comparison I bought a 04 Z06 with 18,881 1 owner miles. Car was spotless and always covered and in a garage. Bought December 2014 for $25,000 Good luck with your search these are fun cars. 
