When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
Hello all!!! I have a 02 Black Z06 with 115k miles. That's the bad news.The good news is if I told you it had 30k miles when you looked at it you would believe it no problem. The car is mint. In addition in the past 10 months or so I have sunk over 10k in rebuilding the factory LS6. It is .30 over with wiseco forged pistons, full floating pin LS3 rods, new 238/240/112 comp cam, new double springs, heads ported by 360 Customs in Brandon, Fl. High flow oil pump, ect,ect. New radiator, new LS7 clutch assembly, new ceramic brake pad job. In addition to that 10k adventure recent a/c compressor,abs module and a/c module rebuild.The car has the factory 04' Polished Z06 wheels with fairly new Bridgestone Potenza tires and fully functioning tpws that works perfectly. Factory titanium cat backs with 1 3/4 inch catted long tubes. Car runs fantastic and sounds awesome. What could it be worth? A 115k Z can be bought all day for 12-15k I think. This is different. The car is almost totally new. The only thing thats not been touched is the torque tube and rear end. If I decided to sell it what would be a fair price with all that has been done? My reason.....thinking of getting a new ZL1 Camaro and I need the slot in garage. Thanks for your input.....Its really a great car
You can buy an extremely low mileage '02 (10,000 or less) for less than $30,000. You can buy a mid-mileage car (40-70,000) for +/- $20,000. You can buy a +100,000 mile car (most of them have had work) for $12-15,000.
At the end of the day, your's sounds like a really nice car but it still has over a hundred thousand and you need to find the right buyer who has faith in the work done, accepts the miles, and is not looking basically for the bargain price. It will take the exact right buyer to exceed $16-18,000.
You can buy an extremely low mileage '02 (10,000 or less) for less than $30,000. You can buy a mid-mileage car (40-70,000) for +/- $20,000. You can buy a +100,000 mile car (most of them have had work) for $12-15,000.
At the end of the day, your's sounds like a really nice car but it still has over a hundred thousand and you need to find the right buyer who has faith in the work done, accepts the miles, and is not looking basically for the bargain price. It will take the exact right buyer to exceed $16-18,000.
Yup, you are probably about right. For even 18k I think I would keep it and give to my oldest grandson when he gets old enough to drive responsibly. As far as faith in the work done I have all receipts and work was done by one of the best LS shops in Tampa Bay area. I actually love the car and I don't need to sell to get the ZL1. I just don't have garage space and I hate the thought of keeping it outside. I guess all people should have such terrible problems!!!! LOL
modded cars are so hard to sell simply because they are all different. buyers and sellers have a hard time finding comps. you also have to find someone those mods appeal to. i have sold a couple modded cars with built engines and both took a long time to sell. like close to 3 months and did sell over stock value but no where near where many expected. the c4 i sold was worth 8k stock, had 15k in mods and sold for 12k. the integra i sold was worth 3k stock and sold for 6k with koni coilovers and a 4k {used value} engine and transmission. basically i sold the car for less than part out value by 5-10% simply because i didn't want to waste the hours parting it. the integra was even in really good shape. c4 was hammered a bit, lot of race miles
modded are the best to buy but the worst to sell. Usually the seller loses on the mods and the buyer wins because he gets a better car period. dont dump lots of cash to mod and then sell, you will lose your butt. take whatever you can off the car and sell it. nice rims, bling pieces, supercharger whatever brings you money because you will be giving that away. I recently sold a modded car and took over 3 grand of stuff off of it and it sold the same whether it had the stuff on it or not. Of course I bought another car fully modded and the mods were free.
$14.5 for a unmodded ride. Another 2k if you find the RIGHT person who likes the mods and colors. Frankly 15k is where you will end up. From experience, I can tell from experience, mods bring you ZERO unless you find a virgin
That is the target
Last edited by S.C. vette; Dec 12, 2016 at 05:33 PM.
if you end up at 15 it's because you can't sell if the car is as you say it is. i'm going to assume this is a west coast car? if it isn't and especially if it's from the midwest you're not getting top dollar. salted roads and the weather conditions destroy cars and 115k there is like 300k+ on a car from california body wise
what i would do if i were you
take a video of the leakdown test when you do one. take a video under the car, go over everything. show the buyer the pros and cons, point out the flaws as well as what you have replaced
list on ebay and see where the offers come or if people drive up the bids
100k mile cars have a HUGE variance because of condition. you can get 16-17k out of an actual clean one, no rust, records, all updates and replacements done. you also will get 10k out of one with some rust, no replacements done and old tires
the engine you have could be a big sales perk IF it was done right and can pass tests. if it isn't and you're selling it because the car has issues the price will be soft. post more pics and videos and we can help you nail down an approximate
$14.5 for a unmodded ride. Another 2k if you find the RIGHT person who likes the mods and colors. Frankly 15k is where you will end up. From experience, I can tell from experience, mods bring you ZERO unless you find a virgin
That is the target
LOL......I am 63 and have had a ton of modded cars. You are sadly very correct Now my resto rod LS6 52' C3100 might bring all those mod dollars back and then some!!!!!!!!!!! Probably will just keep the Z and get a 4 post lift to fix my storage issue. For 15K someone would be getting a awesome car so it might as well be me
if you end up at 15 it's because you can't sell if the car is as you say it is. i'm going to assume this is a west coast car? if it isn't and especially if it's from the midwest you're not getting top dollar. salted roads and the weather conditions destroy cars and 115k there is like 300k+ on a car from california body wise
This only applies if people actually drive their corvettes on salted roads. Mine has barely seen rain and is stored and covered all winter in a warm garage. If people only had California to buy used Vettes it would be a very small market.
One day people will get it that moded C-5s are hard to sell unless a person knows the C-5 . People are funny I know a person trying to sell C-5s with $50,000 in it can't give it away .. The big deal is the motor seat wheels no big deal but once the motor has been moded most don't want nothing to do with them .. Why you ask most people don't know anything about engine mods ,I'm a hot rodder I'm would buy this in a heart beat at a good price if I had room myself I don't .. Most just want a Corvette to buy get in and drive and don't know a cam from a broom stick .. Just saying moded motor C-5s hard to sell..
From: Philadelphia PA (Birthplace of the USA, UNESCO World Heritage City)
The problem with heavily modded motors/cars is that if something needs repair, as a subsequent owner of that modded car, you don't have the same intimate knowledge of what exactly has been done to the car. Which can make diagnosis/repair for you or your mechanic much more challenging.
Last edited by ArmchairArchitect; Dec 14, 2016 at 03:16 PM.
The problem with heavily modded motors/cars is that if something needs repair, as a subsequent owner of that modded car, you don't have the same intimate knowledge of what exactly has been done to the car. Which can make diagnosis/repair for you or your mechanic much more challenging.
People are funny ,I see people buy a unmoded C-5 any year they won't buy moded one then moded it all up then try to sell it and wonder why its hard to sell and I here this I got lots money in this ride and its well worth the money . Its like a cat chasing its tail .. I have a 04 Z-16 its moded 550 FWHP and on and on I knew when I did the work on it could not sell it ,its mine forever . I see this over and over on this forum also . People its hard to sell a moded motor C-5 so if you want to sell it later on don't put 500 Hp in in the motor it keep it stock .. Challenging is right very few people out there know anything about these hot rod C-5s but the guy who built it , myself I work on them so know big deal to me ,they are very few of us .. Just saying..
This only applies if people actually drive their corvettes on salted roads. Mine has barely seen rain and is stored and covered all winter in a warm garage. If people only had California to buy used Vettes it would be a very small market.
how is yours holding up? i was chatting with a guy from out there and he mentioned everything rusting regardless. the screws develop rust, the bolts, basically everything. the residue stays on the roads and splashes up when you drive in the rain and the air is just generally more corrosive.
The problem with heavily modded motors/cars is that if something needs repair, as a subsequent owner of that modded car, you don't have the same intimate knowledge of what exactly has been done to the car. Which can make diagnosis/repair for you or your mechanic much more challenging.
that might be part of it but the one i think of is how easy it is to mod a car wrong even if it's no fault of your own. clearances off in an engine = short life. oil burners and loose pistons. cars being hammered. people don't make forged engines to drive to the store. high hp also means more drivetrain stress. on top of that the common racing classes in scca that are affordable require all stock cars to compete. this makes high hp cars basically drag race machines.
you need that specific buyer
i have to say with this last z06 that i owned and sold. i'm beyond happy i never modded it and took extremely good care of it. made the sale very easy and the car sold at a reasonable price.
I've modded and sold quiet a few cars. I just sold my 2009 CTS-V. It put down 1000+whp and 1300 lb. ft of torque at the wheels. You could drive it to the track with the AC blowing, get to the track and run 9.0x's. You never get what you put into them. They are only what someone will pay for them. I've learned to chalk it up to therapy. Better than paying to sit on someone's couch and tell them your problems, LOL.
I've modded and sold quiet a few cars. I just sold my 2009 CTS-V. It put down 1000+whp and 1300 lb. ft of torque at the wheels. You could drive it to the track with the AC blowing, get to the track and run 9.0x's. You never get what you put into them. They are only what someone will pay for them. I've learned to chalk it up to therapy. Better than paying to sit on someone's couch and tell them your problems, LOL.
people need to realize this going in. modding cars or racing them isn't an investment, it's a hobby you do for enjoyment
if you consider your return or worry about losses it's not the hobby for you
in fact it was when i started worrying about costs and maintence that i realized my days of modding cars were either on hold or over.