Collectible corvette?
Thread Starter
4th Gear
Joined: Sep 2018
Posts: 4
Likes: 0
Great advice. I got two offers today of $18,000. Sounds a little low to me but what do you think? The car is excellent mechanically, no dents, high dollar tires, no body damage but does have a couple of bubbled finger shaped patches and a couple of scuff marks which need repainting. The interior just needs a thorough cleaning and detaining all over.
Racer
Joined: Jul 2006
Posts: 442
Likes: 24
Thread Starter
4th Gear
Joined: Sep 2018
Posts: 4
Likes: 0
No C5 Corvette is collectible and it is likely just going to continue to decline or stay near current value at best as a low mileage vette. The 50th anniversary edition is a widely produced package available in 2003 which was a Ruby Red type color with grey interior. This was not available on a Z06. All 2003 Z06s are labeled anniversary. It is a great car for an enthusiast, but not an investment.
Team Owner
Joined: Aug 2003
Posts: 24,500
Likes: 312
From: Scottsdale AZ
Great advice. I got two offers today of $18,000. Sounds a little low to me but what do you think? The car is excellent mechanically, no dents, high dollar tires, no body damage but does have a couple of bubbled finger shaped patches and a couple of scuff marks which need repainting. The interior just needs a thorough cleaning and detaining all over.
Melting Slicks
Joined: Oct 2016
Posts: 2,875
Likes: 2,506
Great advice. I got two offers today of $18,000. Sounds a little low to me but what do you think? The car is excellent mechanically, no dents, high dollar tires, no body damage but does have a couple of bubbled finger shaped patches and a couple of scuff marks which need repainting. The interior just needs a thorough cleaning and detaining all over.
Parrothead
Joined: May 2002
Posts: 48,231
Likes: 289
From: Margaritaville Embassy
St. Jude Donor '08-'09,'13, '14
Corvettes tend to lose value once they leave the show room floor. Over the years they continue to lose value for decades until the time when there are not many of a particular model left on the road. Then they start to increase in value and the rare optioned models increase more. Back in the day you could have bought a used C-1 for $1200, I know because I almost bought a '61 convertible in '69 for that. Now you need to add about $40K to that figure for a good one. C-2s were running anywhere from $1500 up. I purchased a '66 427 (425hp L72) 4 speed fastback in 1971 for $1800. Was a great car. Now days that car hovers around $100K. So my advice would be to drive the car, enjoy it, and start a separate college fund for your grand daughter. Your C-5 won't be worth much more than it is at this moment 20 years from now.
Team Owner
Joined: Oct 2004
Posts: 81,241
Likes: 3,063
From: altered state
St. Jude Donor '05
oing to be a lot of otherwise good electronics-intensive cars parked in the future because of lack of parts - and C5/6/7's etc., will be among them. Sad, but as they say, it's "the price of progress". Want a collectable? Buy an "analog" vehicle.
Without people lining up to buy them hoping they appreciates a waste. Who knows if it will be legal to drive a gas car 20 yrs from now.
If you did nothing but maintiain , store, register and insure it youd still lose plenty of dough. Youll see lots of hopeful 1 of xxx rare ads that doesnt mean a thing.
After sitting for 3 yrs mine will take about a grand to get "right" to be on the road again.
Last edited by cv67; Sep 9, 2018 at 09:54 AM.
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Team Owner
Joined: Jul 2012
Posts: 34,479
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From: Central PA. - - My AR15 identifies as a muzzleloader
I believe in the Beer Fairy
If any car was going to become collectible in the C5 generation, you have it. In really nice condition maybe someday it's going to be worth a lot. However, it will never come close to keeping up with the market so if your desire is to gain equity, I would sell it and invest the money. That said, the last thing I would do is put it in some kind of a fund for a kid to flush down the toilet in a college. Or if I did that, I would make sure the trust specified that the degree has to be in a stem field from a smaller College, ie: Read, not paying money for the name of the college on your diploma at some liberal indoctrination shithole.
No Hostility Be Happy
Joined: Aug 2018
Posts: 10,082
Likes: 7,398
From: South Hill Wa
2022 C5 of the Year Finalist - Modified
2021 C5 of the Year Finalist - Modified
First off, sorry to hear about the loss of your brother.
Instead of bickering over college degrees and collectibility why don't we just ask the OP the honest question, are you a Car guy or not? If you are not an enthusiast now and don't think you want to be one, the answer is quite clear. Sell the car as soon as possible. What you do with the money is none of my business.
Instead of bickering over college degrees and collectibility why don't we just ask the OP the honest question, are you a Car guy or not? If you are not an enthusiast now and don't think you want to be one, the answer is quite clear. Sell the car as soon as possible. What you do with the money is none of my business.
Le Mans Master
Joined: Sep 2013
Posts: 8,900
Likes: 1,074
From: Wisconsin
First off, sorry to hear about the loss of your brother.
Instead of bickering over college degrees and collectibility why don't we just ask the OP the honest question, are you a Car guy or not? If you are not an enthusiast now and don't think you want to be one, the answer is quite clear. Sell the car as soon as possible. What you do with the money is none of my business.
Instead of bickering over college degrees and collectibility why don't we just ask the OP the honest question, are you a Car guy or not? If you are not an enthusiast now and don't think you want to be one, the answer is quite clear. Sell the car as soon as possible. What you do with the money is none of my business.