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Need so much more info to give you any kind of opinion. Not trying to put you off, but it could go anywhere from a really good deal to horrendous based on accident, maintenance, and ownership history as well as current condition of the car as assessed by a good C5 tech. Get the info and get back to the forum. If you get enough info together members will certainly pitch in to help you out. Best wishes!
When they need a lot of work to be brought back to spec it can get real expensive. If you are skilled mechanically then It's not so bad but it is actually cheaper to spend a little extra for one that is in great shape.
Randy, that could be a "fair" price.
For reference..
We just bought a 1999 Nassau blue Corvette with about 90 000 miles on it for what equates to $11300 USD (I am Canadian)
Our car was in surprisingly good mechanical condition, and has no accidents. It just needs mostly cosmetic attention such as the odd missing clip etc, and a new harmonic balancer.
A friend of mine just bought a 98 with less miles. It has a highly modded interior, but the air conditioner did not work. (and a few other minor problems) for quite a bit less than that. He fixed the air and other known problems and has it listed at $10,000. Black coupe with red/black interior. It's now a pretty nice car. (in Tennessee)
You must find a reputable corvette mechanic, bring it to him, pay him to do a thorough inspection. Also, without maintenance records on that car I would probably walk away.
I would also suggest nothing older than 2002 because of known issues with problems and unavailable parts prior to that year. To me, 2002 was the sweet spot in terms of price and best odds of reliability. That's what I went with two years ago. Found a black coupe in pampered, senior-owned, one owner condition with 71,000 miles for $14,500 and 10,000 miles later it has been more reliable than I even hoped.
Last edited by speedmaster64; Sep 18, 2016 at 02:01 PM.
Here is the thing...I've been bitten bad by the corvette bug...again.
I bought my 2000 coupe with 36k miles on August 1st. Then I saw how relatively inexpensive some c3s and most c4s are. I decided to get a stablemate.
Long story short, after seeing about 8 or 10 cars in the $5k to $6k range, I was consistently disappointed with quality. So I started to gradually increase my budget. Then I realized that some c5s are available at the $9k to $10k price point. The problem is that they appear to be of similar quality to the $5000 C4...not great.
price is in the ballpark if the car checks out: Carfax, owner history, maint, condition, use etc. If it needs a ton of cash spent to bring it up to par...then no. If it's super clean, has been well kept and what you want...then certainly. I would make sure you research the C3, C4 and C5 well before you pull the trigger on a C3 or C4....may be worth saving and getting the C5.
C5 was a big leap forward compared to previous generations - it's the first generation that was not a "flexible flyer" as the earlier cars were known. Price seems right. I have a 75k '98 M6 coupe owned from new, and I reckon its worth around $11k. Autos are worth less, in general.
Adding $1k/per year to your '99 price will give you a starting point for cars of different ages.
If I had to spend money on repairs later, I would rather have to do it on a C5 than C4.
The C3 is a different era so its hard for me to make a comparison with them to the C5.
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