I'm looking at a 2004 Millenium yellow Z06 with 11k miles on it. 1 owner stock with just a chrome wheel exchange. What should I pay for this car ?
I'm offering $25 and he's firm on $28k...

All opinions are welcomed and valued,

Thanks,
Mark B.

 

If it is truly a "no stories" car with no paint work and in the condition
you would expect for an 11k mile car, I would say $27k is about right.
If he has replaced the tires with recent date codes I would just pay
the $28k if it is what you want.
Good luck,
Wayne

 

I don't know as much as many about pricing, but I think $25K is a very fair price. I sure wouldn't pay more... (started typing before the other reply, already completely different opinions )

 

I can see validity to this. Also reiterate "If that is what you want."

The reason I reiterate that is the member here Toque recently sold what is arguably one of the nicest and most well documented C5Z's evAr for $29k. If you plan on modding, I don't know that an 11k mile bone stock $28k car is your best starting point from a cost effectiveness standpoint..

https://www.corvetteforum.com/forums...-for-sale.html

 

I think $27 is spot on. No paint, no mods other than wheels. Toque's car was outstanding, but it wasn't 11k miles. It's all about the miles assuming the condition matches the mileage.

 

This is just my opinion, I would rather buy something with more miles on it for a lot less. You can get a 40k mile car in mint condition with maybe even a few tasteful mods for $20g.

 

A car sitting without being used presents a different set of worries as well, so it's all about what you are after.

If you are buying the car to modify it and drive it and enjoy it, Toques car would have been a much better buy. If you are buying it to store it as an investment, then I agree with you.

 

Man for the kind of $ you can get a C6 Z.

 

I gave $24K a few months ago for a completely unmolested, showroom condition, garage queen silver C5Z with 17K on the odo. At the time, reviewing what was for sale across the nation indicated a fair deal. No regrets. If this is the car you want in the color you want, and the very low miles means something to you, and you really don't plan to modify it, I think a couple of thousand dollars either way won't make much difference in the long run - you should buy it. I plan to keep my car stock, and it's a weekender only. If I had plans to buy and mod a C5Z, or use it as a commuter, I would have found one for much less $ and accepted mods and higher miles. Hope this helps.

 

the best model of the best year with almost no mileage, its a gem.....but im with the other guy that said id rather buy oine a little highe rmileage for a lot less

Main reason is you will take less of a hit upon resale , but if you are one of those guys that keeps their car forever , and really love the C5z, id say get this one, maybe offer $27 im sure he will budge

 

I got my '02 Z06 with 70K miles and intake/exhaust/short throw/ Forgestar 18/19" wheels for $20,500. I got him down from $21,500. If it had 20K miles on it, I'd expect the same car to go for $25K+. I originally was aiming for higher mileage and about 18K, but I wasn't liking the shape that the 100K mile cars were in. So I upped my range a couple of thousand, and went with a private sale so I could get someone that knew the car inside and out and not have to deal with a dealer who can tell me "Ac runs cold! It's a great car!"

I was super happy with my purchase. Those rims added a little to the price but overall it's what I wanted. The paint was easily 9/10, and it was in immaculate shape other than the normal road wear on the front bumper.
One thing I'll say from my 5 months of searching for an 02-04 C5Z, barely ANYONE will come down on the price. Most of them, especially dealers will hold at their asking price and will eventually get it. If it's a base vette, you can talk em down all day. Good luck

 

Mine has 63K miles on it and you wouldn't get it for that.

Shakey

 

Well I wouldn't buy yours then, I would move on to better deals, but to each his own right. This was with me searching for 3 minutes, most of these cars have higher mileage then 40k but there are deals out there for sure.

http://tampa.craigslist.org/pnl/cto/5779134638.html

http://fortmyers.craigslist.org/col/cto/5770858171.html

http://treasure.craigslist.org/cto/5785454740.html

http://treasure.craigslist.org/cto/5774504586.html

 

If it were me, i'd keep looking. Yes, 11K is very appealing and probably a great investment if you plan on leaving it alone. Adding mods ( headers,cai, etc) get expensive. As another guy stated you could add that money to the $28K and pick up a C6Z.... Just my humble opinion. Oh and for the record, I love the MY C5Z's....

 

Being an owner of a 2004 Z06 nearly stock with 7,100 miles I have to agree with the seller and say $28,000 is a very fair price. If you want a C5Z with low mileage and a 2004 to boot they are few and far between. Most I've seen are generally $30,000 or more. I consider a 2004 with low mileage the best of the best for C5 Z's. That being said, if you want it grab it because I'm sure there's others looking as well for the same thing and someone looking for a 2004 won't hesitate to pay the price which is very fair in my book.

For the ones suggesting spending a bit more and getting a C6Z06 it's true you could spend more it'll have more miles but you better make sure the heads are done because if not, that could be a very costly repair and/or replacement for a motor if you drop a valve for two. If the heads have been replaced or the valve guides and valves have been replaced, you'll be paying more. I would not buy any C6Z without the work being done already in my humble opinion.

 

I never get tired of seeing that picture.......

Shakey

 

1 owner 11,000 miles as soon as you sign the papers 2 owner Corvette ,the value goes down and as soon as you do anything to it mods of any kind the value goes down . Your looking at the Corvette for what it is and paying for what it is . If wanting one to mod be way better off going with one with a few more miles and paying less money why ? moded C-5 are hard to resell . If want to do club deals drive on weekend that will keep the value up keep the miles down .. Low miles C-5s getting harder to find ,people are looking for them and if going to keep it stock good dead for them .. If going to mod the deal I say move on ..

 

More posting while intoxicated from radar o'reilly..........

Shakey

 

 

3.5 years ago paid $24,500 for an '03 C5Z w/ 13k on the clock, single owner car, no accidents, no mods, - was @ a corvette specific dealer but carfax showed the single owner & he was local guy who the dealer was nice enough to put me in touch w/ after the sale.

Regardless - I agree w/ some others for an '04 w/ 11k super clean (chrome wheels would actually be a deterrent for me but to each his own) then $28k asking price is completely fair...and I think as a buyer $27k would be the "right" price for both parties.

FWIW the dealer had my '03 listed @ $28,999.....but my car needed tires (had original goodyears), & was owned/stored near the ocean so I ended up replacing number of suspension components due to dry rot (I replaced the sway bar bushings/endlinks, inner/outer tie rods all 4 corners, lower ball joints) so that is worth factoring - if the car didn't need tires or show that "wear" I think paying upwards of $26--27k reasonable.

Also - as another poster mentioned, my experience is precisely why you need to think about buying a 13 year old "garage queen" differently than a summer/hobby car that saw 3-5,000 miles a year & was maintained accordingly as a result. For example my AC system completely crapped out after I took ownership, the reason? Essentially non-use for lack of a better explanation. This was paid for in full by the dealer, but again things you need to watch out for. On the other hand you would be very hard pressed to find another '03 Z w/ the same level of condition/perfection in terms of paint/window/trim/interior w/ 75,000 miles on the clock (hint - you won't, b/c it's not possible unless the owner wrapped the whole car off the showroom floor the day they bought it).

Lastly @ the end of the day, you can nitpick about little suspension bushings & needing new tires due to dry rot/non-use, but if we're being serious these are all typical maintenance items that would need addressing @ some point anyhow & give an excuse for "modding/upgrading" - that's fixable & almost part and parcel of owning a C5Z or any "classic" performance car to begin with. You can tackle items like that after the & maybe do some of it yourself & enjoy it, what you cannot do (@ least legally, morally, or with any hope of the car retaining value down the road) is roll back the mileage on the odometer.

You can bring a super low mileage car back up to daily driving duty by replacing some odds & ends, what you cannot do is wave a magic wand @ a 40-70,000 mile car & miraculously turn it into an 11,000 mile car. Is that worth $4000-$5000 to you? It was for me.