2001 C5 Corvette
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From: Okemos Michigan
2001 C5 Corvette
I am considering the purchase of a 2001 Z06 corvette. The vehicle I am looking at has about 2300 miles and the owner is asking about $26k. Is there any issues with this year Z06? Is there issues with this year in general?
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Moving this over to C5 General for responses.
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Some 2001's had ring/oil burning issues. Sounds like a nice, low mileage Z. Check for leaks and proper maintenance over the years. Ultra, low mileage cars can have issues from sitting, but I never experienced that when I have purchased them in the past.
You do pay a premium for these cars, and once you put some miles on them, the value plumetts. It's nice getting a basically new 17 year old Vette though.
You do pay a premium for these cars, and once you put some miles on them, the value plumetts. It's nice getting a basically new 17 year old Vette though.
Le Mans Master
Joined: Mar 2004
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From: Ft. Lauderdale Fl
I have over 150,000 miles on my 2000 and it drives great and is very dependable but not a show car. (it was a show car)
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You'll get split answers here, spoken like the gospel. I honestly don't get replies like the above - they're not based on much fact. But - everyone is entitled to their opinion. I bough a 03 with 6k on the odo. Only issue I had was a leaky oil pan gasket, which the dealer replaced (upper and lower) prior to purchasing, which these cars are known for anyways.
Due your due diligence and look it over and you'll be fine. No reason whatsoever to fear the low mileage, even for "Driving". There shouldn't be any "other issues" if it was properly maintained. I've had 2000 trouble free miles on my low mileage car the last 2 years. Good luck!
Due your due diligence and look it over and you'll be fine. No reason whatsoever to fear the low mileage, even for "Driving". There shouldn't be any "other issues" if it was properly maintained. I've had 2000 trouble free miles on my low mileage car the last 2 years. Good luck!
Le Mans Master
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The thing that would scare me about the '01 models is the oil burning issue. The seller (be it a private owner or a dealer) could simply say the car has no issue with burning oil and there's no way to know if it's true or not until you have had the car long enough to see if it has the issue. I probably wouldn't buy an '01 model from a dealer for this very reason...it would be easier to gauge a private owner's honesty, but most dealership sales people will say anything to make a sale...
Melting Slicks
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The thing that would scare me about the '01 models is the oil burning issue. The seller (be it a private owner or a dealer) could simply say the car has no issue with burning oil and there's no way to know if it's true or not until you have had the car long enough to see if it has the issue. I probably wouldn't buy an '01 model from a dealer for this very reason...it would be easier to gauge a private owner's honesty, but most dealership sales people will say anything to make a sale...
Drifting
Joined: Jun 2013
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From: Shell Point (Crawfordville) Florida
Way to high a price in my opinion. And don't forget, you will need a new set of tires, belts, hoses, oil/fluid change, etc. to bring the car up to drivability and safety.Figure that into your cost.
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Le Mans Master
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Okay, let's say the owner doesn't know, the buyer could still end up with an oil burner...it's a known common problem with the '01s...
Racer
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From: Hugo MN
Where is this coming from? I've got a 2001 with 49k and have never had any oil burning issues and have never heard of any such issues from others.
Le Mans Master
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Then you must not read this forum much...do a search and you'll probably come up with dozens of threads about the oil burning issues with the '01s...here is the result of a search I did just in the general forum...
https://www.corvetteforum.com/forums...rchid=68867274
Last edited by grampi50; Feb 7, 2018 at 11:05 AM.
Racer
Joined: May 2013
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From: Hugo MN
Then you must not read this forum much...do a search and you'll probably come up with dozens of threads about the oil burning issues with the '01s...here is the result of a search I did just in the general forum...
https://www.corvetteforum.com/forums...rchid=68867274
https://www.corvetteforum.com/forums...rchid=68867274
I would take that issue with a grain of salt & suggest to the buyer that it is most likely a "non-issue". This is from an actual "owner" of an 01.
Melting Slicks
Joined: Feb 2001
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From: Northville, MI
I owned a new 01Z back in September of 2000. The LS1 engines did not have the oil problem but the early Z did. Since I heavily autocrossed, TT and HPDE'd the car, you expected it to burn a little oil. Several of my local club members worked in GM engineering and the Milford proving grounds and I was able to take it to the dealer with a list of updates to be done. After that until the end of 2001 it was not an issue. When I sold the Z06 it was an AS autocross car for a few years and then turned into a full race car.
Le Mans Master
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I guess that I'm supposed to read that my car is an oil burner even though it hasn't burned a drop in 16 years. None of my friends with 01's have never indicated an issue either.
I would take that issue with a grain of salt & suggest to the buyer that it is most likely a "non-issue". This is from an actual "owner" of an 01.
I would take that issue with a grain of salt & suggest to the buyer that it is most likely a "non-issue". This is from an actual "owner" of an 01.
Pro
Joined: Mar 2015
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From: Dallas Texas
I agree i wouldn't touch an 01 Z06.. close friend had GM buy back his 01 Z back then due to the oil burning .
Like one guy said here i do believe the oil burning problem was early on in production and they surely corrected that problem..
I would look at the build date... for me the price is way too high on this 01 Z06 for sale .. many to choose from so keep looking
Like one guy said here i do believe the oil burning problem was early on in production and they surely corrected that problem..
I would look at the build date... for me the price is way too high on this 01 Z06 for sale .. many to choose from so keep looking
Last edited by SlingShotYellow; Feb 7, 2018 at 01:21 PM. Reason: spelling
Pro
Joined: Mar 2015
Posts: 673
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From: Dallas Texas
I guess that I'm supposed to read that my car is an oil burner even though it hasn't burned a drop in 16 years. None of my friends with 01's have never indicated an issue either.
I would take that issue with a grain of salt & suggest to the buyer that it is most likely a "non-issue". This is from an actual "owner" of an 01.
I would take that issue with a grain of salt & suggest to the buyer that it is most likely a "non-issue". This is from an actual "owner" of an 01.
Melting Slicks
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From what I read the oil consuming problem was with 2001 Z that were constantly driven at over 4000 rpm.
My son bought a 2001 Z with 12,000 miles. Never had a problem with oil consumption.
In my opinion the selling price is too high.
My son bought a 2001 Z with 12,000 miles. Never had a problem with oil consumption.
In my opinion the selling price is too high.