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Old Jan 26, 2021 | 06:47 PM
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Default C5 market value?

Are c5 coupes or convertibles worth more? Or is it all just preference? Saw a upgraded vette that i would like but not sure if i should go for it or keep my current c5 if i sell how much would i look to get? Its a 01 convertible corvette with 44k miles exterior 8/10 (couple light scratches) interior 8/10 (seats are a little worn but no tears) not a single thing is wrong with this car mechanically fully stock color is I believe its called carmine red
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Old Jan 26, 2021 | 07:13 PM
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In my opinion there really is no answer to your question other than what you are willing to sell or pay for one. As far as convertibles versus coupes goes it's all just personal preference. The prices for the C5's are all over the charts right now. I think the color of yours is Torch red or Magnetic red.

Last edited by Adwest52; Jan 26, 2021 at 07:18 PM.
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Old Jan 26, 2021 | 07:21 PM
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Originally Posted by Adwest52
In my opinion there really is no answer to your question other than what you are willing to sell or pay for one. As far as convertibles versus coupes goes it's all just personal preference. The prices for the C5's are all over the charts right now. I think the color of yours is Torch red or Magnetic red.
oh okay yea i thought so lol just wanted to see what some had to say, ohhhh i see so its not torch red so it has to be magnetic red then...i just saw a website that had the same color car and called it that so i went with it lol
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Old Jan 26, 2021 | 07:25 PM
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No problem. You will definitely get more opinions than mine. I just happened to be the first one to chime in. Wish you the best with your search and sale.
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Old Jan 26, 2021 | 07:39 PM
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Convertibles will demand a higher price all day long.
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Old Jan 26, 2021 | 08:59 PM
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Originally Posted by o2bnkc
Convertibles will demand a higher price all day long.
Yep, generally speaking, convertibles usually have a higher asking price. Same for vehicles with manual transmissions. But in the end it's all about what someone is looking for and what they are willing to pay.
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Old Jan 26, 2021 | 09:32 PM
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What mods does the "upgraded" car have? Might be better to just keep your car and mod it to your tastes.
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Old Jan 26, 2021 | 09:36 PM
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Originally Posted by ChiliPepperGarage
What mods does the "upgraded" car have? Might be better to just keep your car and mod it to your tastes.
I chose bad wording lol i mean like a upgraded version lol my fault its a c6 model
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Old Jan 27, 2021 | 08:35 PM
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Yeah you're going to get a flurry of opinions on this and I'm in the camp that convertible C5s do not fetch a higher price. But of course the guys that own and/or like convertibles will tell you otherwise LOL. Hell, half of us will tell you that our C5 is worth $30k!
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Old Jan 27, 2021 | 08:49 PM
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Originally Posted by heggsc5
Yeah you're going to get a flurry of opinions on this and I'm in the camp that convertible C5s do not fetch a higher price. But of course the guys that own and/or like convertibles will tell you otherwise LOL. Hell, half of us will tell you that our C5 is worth $30k!
Although new to this forum, but not to cars, the general consensus has usually been "if the top drops the price goes up". And I think as a general rule it's true. I believe two identical cars either Stock or mod, that the Convertible will "Usually" command a higher price. I also agree that the Corvette is a slightly different animal. lol
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Old Jan 27, 2021 | 09:06 PM
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Originally Posted by jc98
Although new to this forum, but not to cars, the general consensus has usually been "if the top drops the price goes up". And I think as a general rule it's true. I believe two identical cars either Stock or mod, that the Convertible will "Usually" command a higher price. I also agree that the Corvette is a slightly different animal. lol
I hear you, but there is a lot at play here haha. "Convertible" is not a word typically synonymous with "sports car" if you're really looking for a sports car. Sure there are exceptions, but generally speaking here.

The C5 is unique in at least 2 ways though...1) the convertible is as rigid as the coupe, and 2) the coupe has a removable roof as well. Kinda muddies the waters and it boils down to which body lines you like better for the most part. I personally don't like the body lines and "soft top" of most convertibles, so I wouldn't even consider the C5 convertible, let alone pay more for it.

I may be wrong, but I also feel like convertibles are far and few here compared to coupes and FRCs and I really don't think it's because convertibles are more expensive. There are some heavily modded convertibles out there, but the typical buyer nowadays isn't looking for a convertible Corvette. Saying this as respectfully as possible for the longtime C5 owners that are still here, convertible C5s are mostly owned by older folk that want a sporty cruiser; not a canyon carver, race car, or chick magnet (or in reality, dude magnet). I really don't see a lot of current, younger buyers rushing out to buy a convertible C5. With a more limited buyer pool aka less demand, prices don't usually go up.
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Old Jan 28, 2021 | 06:46 AM
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Originally Posted by heggsc5
But of course the guys that own and/or like convertibles will tell you otherwise LOL
I don't ever recall doing that and I own a convertible, LOL.

Last edited by Adwest52; Jan 28, 2021 at 08:57 AM.
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Old Jan 28, 2021 | 12:22 PM
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Originally Posted by heggsc5
I hear you, but there is a lot at play here haha. "Convertible" is not a word typically synonymous with "sports car" if you're really looking for a sports car. Sure there are exceptions, but generally speaking here.

The C5 is unique in at least 2 ways though...1) the convertible is as rigid as the coupe, and 2) the coupe has a removable roof as well. Kinda muddies the waters and it boils down to which body lines you like better for the most part. I personally don't like the body lines and "soft top" of most convertibles, so I wouldn't even consider the C5 convertible, let alone pay more for it.

I may be wrong, but I also feel like convertibles are far and few here compared to coupes and FRCs and I really don't think it's because convertibles are more expensive. There are some heavily modded convertibles out there, but the typical buyer nowadays isn't looking for a convertible Corvette. Saying this as respectfully as possible for the longtime C5 owners that are still here, convertible C5s are mostly owned by older folk that want a sporty cruiser; not a canyon carver, race car, or chick magnet (or in reality, dude magnet). I really don't see a lot of current, younger buyers rushing out to buy a convertible C5. With a more limited buyer pool aka less demand, prices don't usually go up.
I know that you're not speaking in absolutes. However, for the record I was 33 when I bought my '04 Vert and turned it into a supercharged canyon carver with 500WHP. I think convertible vs coupe is personal preference. However, there is absolutely no doubt that the convertibles cost more when new. The original owners certainly paid more for them. I feel like that premium usually carries over to some degree on used car lots as well. However, in a private transaction anything can happen.

To the Op, (without seeing the car myself) if you decide to sell I'd ask for between $11K - $17K based on your description. It's totally up to you whether or not you prefer the C6. Only you can decide if it's worth it. I personally prefer the C5. However, I'll be the first to admit that is a matter of my own personal taste. The C6 is a NICE car. I wish you the very best of luck in whatever you decide.
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Old Jan 28, 2021 | 01:07 PM
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Convertibles had a higher MSRP than coupes to begin with and from what I have seen they command higher prices on the used car market.
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Old Jan 28, 2021 | 01:47 PM
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Originally Posted by heggsc5
Yeah you're going to get a flurry of opinions on this and I'm in the camp that convertible C5s do not fetch a higher price. But of course the guys that own and/or like convertibles will tell you otherwise LOL. Hell, half of us will tell you that our C5 is worth you $30k!
You either don't know your vettes or just delusional.
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Old Jan 28, 2021 | 03:20 PM
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63 split windows are the exception to the rule. Convertibles bring more. Watch any auction or do a blue book check and see for yourself.
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Old Jan 28, 2021 | 03:26 PM
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Personally I paid $12,600 for my 98 coupe with just a little over 70k miles, very good condition, minor wear & tear in the seats and I feel like I got a good deal on it. In my area, C5s in this condition were usually around 15-16k, convert or coupe, didn't matter.
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Old Jan 28, 2021 | 03:27 PM
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Originally Posted by Adwest52
I don't ever recall doing that and I own a convertible, LOL.
LOL

Originally Posted by MWWarlord
I know that you're not speaking in absolutes. However, for the record I was 33 when I bought my '04 Vert and turned it into a supercharged canyon carver with 500WHP. I think convertible vs coupe is personal preference. However, there is absolutely no doubt that the convertibles cost more when new. The original owners certainly paid more for them. I feel like that premium usually carries over to some degree on used car lots as well. However, in a private transaction anything can happen.

To the Op, (without seeing the car myself) if you decide to sell I'd ask for between $11K - $17K based on your description. It's totally up to you whether or not you prefer the C6. Only you can decide if it's worth it. I personally prefer the C5. However, I'll be the first to admit that is a matter of my own personal taste. The C6 is a NICE car. I wish you the very best of luck in whatever you decide.
I completely agree with you that they always cost more new. And I agree as well, you are one of the few highly modified vert owners compared to the majority of coupes/FRCs. Absolutely nothing wrong with that

Originally Posted by o2bnkc
You either don't know your vettes or just delusional.
Probably just delusional. I'm not mad at you for owning a convertible, we're all friends here!
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Old Jan 28, 2021 | 03:45 PM
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Every valuation tool that I have ever seen whether it be an old school NADA auto dealer book, or any of the many online valuation tools have always priced verts higher than coupes. This only makes sense as Verts are more expensive out of the gate.

Of course, there can be some "private party" sales where some coupes and verts are priced/sold at similar prices, but this doesn't make their overall value equivalent.
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Old Jan 28, 2021 | 04:19 PM
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Originally Posted by rjwvetttt
63 split windows are the exception to the rule. Convertibles bring more. Watch any auction or do a blue book check and see for yourself.
I was under the impression that for any given year of C2, the coupes bring more than the convertibles. Because they are more scarce.

But I don't follow that market closely.

Last edited by Corvette#2; Jan 28, 2021 at 04:19 PM. Reason: typo
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