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There is a 2004 Z06, 46K miles on Bring a Trailer now, bid is up to $10,000; 6 days to go on auction so might be interesting to see the hammer price--if that would be any indication of relative values.
I've noticed even in the past year or two that prices have come down a bunch. I bought my navy 99 6MT with 75K on it for 15.5, but at the time anything that wasn't red / pewter or automatic was worth a solid 2-3K more than red / automatic cars.
I wonder if that's still the case. I'm looking online a bit, but it's off-season around here. I probably could have waited a bit longer and gotten something nicer but at the time I was oddly between cars and needed something to hold me over. Mine had the major issues (EBCM) sorted although I got stuck with a HB that still isn't right (grumbles).
With a vehicle that is known to last well over 200,000-300,000 miles, 100,000 would be considered low mileage.
Mileage really depends on how the vehicle was taken care off.
I would venture a guess that there are some out there with less than 50,000 miles that are pieces of ****.
Even as I age, there are no plans for me to sell my convertible, so current or future value is of no interest to me.
If the time comes when I can no longer drive,then it will be sold, and the money being donated to the German Shepherd rescue here in Los Angeles.
Go try to trade in your car to a dealer, get an offer, and you'll see why. If you get an offer that's anywhere above $7K I'd be surprised. There also aren't many people that are going to pay much more over $15K for a C5 in the current market. Eventually there will be owners that will simply accept a happy "medium" of sort.
There's obviously a lot of other forces at play, but a lot of it comes down to two opposing forces working against one another to drive prices down.
If you want to be even more depressed I saw a 2008 C6 - that's the one with the LS3 - sell below $13K. Had six figure mileage, but still never thought I would see an LS3 C6 sell anywhere near below $15K.
But what deals! I picked up a 32,000 mile red vert for $13,500....happy man!
How many miles? That might be a steal (maybe literally!)
151k miles. If I was in high school I would buy this over some used Honda or Toyota........ Then again in high school I had a 4cylinder truck and got tickets for doing burnouts.
I paid close to the top end for my '03 last year. But it only had 20k on the odometer, brand new Michelins, rotors, clear bra, and transmission and coolant flush. I looked for anything that I could use to negotiate a lower price. But couldn't find ANYTHING. Not a rock chip or blemish, hell even the floor mats looked new. The seats barely had a wrinkle in them. It also has a 5yr. extended warranty. I may have paid too much, but I'm happy with my decision, and to me that's all that counts.
With a vehicle that is known to last well over 200,000-300,000 miles, 100,000 would be considered low mileage.
Mileage really depends on how the vehicle was taken care off.
I would venture a guess that there are some out there with less than 50,000 miles that are pieces of ****.
Even as I age, there are no plans for me to sell my convertible, so current or future value is of no interest to me.
If the time comes when I can no longer drive,then it will be sold, and the money being donated to the German Shepherd rescue here in Los Angeles.
Bob.
While I agree C5s will easily last 2-300K miles, I doubt many people consider one with 100K to be low mileage. To me low mileage would be under 50K. I've also noticed the dividing line seems to be around 30-40K. Under that the selling price is considerably higher, above that prices tend to drop...
Last edited by grampi50; Mar 22, 2018 at 08:39 AM.
If I wanted appreciation, then I would have purchased a '69 427/4-speed. But since that was out of the question, I purchased my C5. And it will be my last vette!
If I wanted appreciation, then I would have purchased a '69 427/4-speed. But since that was out of the question, I purchased my C5. And it will be my last vette!
Even those are not doing as well as you might think. A base 390hp 69 Vette value has remained flat for quite some time now. Inflation figured in, they have lost value over the last 20 years.
Base C3's are not good investments on the whole, nor are C1's, and C4's.
If someone was buying with the expectation of at least getting their money back, inflation included. I would recommend a C2.
I paid $1492 for gold. Today's price is $1332.
I paid $26 for silver. Today's price is $16.58.
Now you are telling me the $8600 I paid for my '99 C5 Coupe with every option, including GM Magnesium wheels, both tops and HUD is going to be another bad investment. Darn, rotten luck!!!
I guess I'll just have to keep it a long time and drive it a lot in order to get any of my investment back. Oh, wait! That kinda' sounds like fun. Maybe it wasn't such a bad investment after all.
The car in question may have more of a backstory than what we're seeing in that brief CL ad. It may have a rebuilt/salvage title and/or perhaps is a victim of flooding. A serious potential buyer should do some homework on this car, or any other vehicle that seems "too good to be true."
We the owner set the price ! If we all say NO we won't sell our vette for $ 10,000 if somebody wants a c5 they will have to pay what we ask . If a decent c5 cost $ 20,000 that would be the market value . So don,t sell you low mileage c5 for less than it's worth !
Last edited by 03bluemule; Mar 22, 2018 at 10:24 AM.
There are lots of C7 leftovers available at a big discount price. Dealers are discounting the 2018's. C6's are available for the same money the C5's demanded a few years ago. Lots of supply and limited demand. Lot's of dreamers with attachment to their cars that are overpriced and will never sell. Drive it, have fun and when it's time to go you will get what it is worth. Cars priced properly sell every day.
For cars that do not have a lot of miles on them, are well maintained and in great shape, I think you will find that they are not going down in price anymore. For those cars, the depreciation cycle has pretty much bottomed out and prices will hold steady or increase as time goes by. Not saying they are going to appreciate rapidly in value, but if you are in the market to buy a low mileage C5, now might be the time.
Agreed, just paid 27K for an 02 C5Z but with only 7K on the odometer. I think that's a bargain considering there are others at half that price but triple the miles.
No way in hell would I sell my 02 C5 for $10K. I don't care if she goes down in value, she'll always be mine.
This is the attitude necessary to get what you want for the car. People will always try to tell you that it is worth less and less.
Value is all in the mind, and as long as you have your mind made up you will always get what you want for it instead of what people tell you its worth.
Paid just over 16K out the door, taxes, title and fees (including a dealer fee) for a 2000 with 17,000 miles. Have since put new tires, brake pads and rotors. I'm happy....
c5 prices
