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High Mileage Unicorn

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Old Sep 29, 2022 | 12:13 PM
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Default High Mileage Unicorn

Found a modded, 130k mile, white 01 Z06 near me. From the ad:

"Kooks long tube headers
Corsa extreme exhaust
Varam air intake
Throttle body
Performance Injectors
NGK spark plugs
New coils
c7 zo6 wheels (real)"

Pics look decent, haven't been to check it out yet. He's asking $23k. Thoughts?
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Sep 29, 2022, 01:03 PM
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Being a low production number doesnt mean its rare, it means no one wanted it. It was not done intentionally to make it valuable (like a special edition car or something), they just didnt sell white ones. Going into the deal thinking its worth more than a yellow or black one is just giving the seller more money.

That being said, even in good condition I think its priced high. They made less power in '01 so that makes them less desirable. Even though there are more produced with the 405hp, that doesn't mean the '01 is rare. They just made less of them and most people want the higher power version.
Old Sep 29, 2022 | 12:21 PM
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High mileage Vettes are so hard to price.

If it has been beat, it is overpriced. If it has been well maintained it is a good deal. You have to look at it in person.
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Old Sep 29, 2022 | 12:26 PM
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With that mileage I think the price is way too high.
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Old Sep 29, 2022 | 12:27 PM
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The mods don't add any value, but if you like them, that's a bonus. I feel like the price is a bit steep for the mileage. You'll want to check the date code on the tires (regardless of tread wear), if they're over 6 years old, they need to be replaced. Knock $1K off of asking for that. Make certain that before you buy, you get a good pre-purchase inspection done. I suspect it is likely to burn a good bit of oil. If it does well in the inspection, I'd see if you could get him down to the $20k-$21K range. Good luck!
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Old Sep 29, 2022 | 12:34 PM
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Sorry for the dumb question but what makes this a “unicorn”? I would say you have some room there to knock down the price
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Old Sep 29, 2022 | 12:45 PM
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Priced way too high for the mileage. My personal thoughts, keep looking.
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Old Sep 29, 2022 | 12:48 PM
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Originally Posted by APT21
Sorry for the dumb question but what makes this a “unicorn”? I would say you have some room there to knock down the price
It’s a white Z06, they only made them in 2001, and only 352 of them

I like my white z06 enough that I wouldn’t consider selling it for $23k, and it’s similar mileage. It all depends on the condition of the car, however.
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Old Sep 29, 2022 | 12:56 PM
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Originally Posted by dbgoodwin
It’s a white Z06, they only made them in 2001, and only 352 of them

It all depends on the condition of the car,.
but still a little over priced.
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Old Sep 29, 2022 | 01:03 PM
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Being a low production number doesnt mean its rare, it means no one wanted it. It was not done intentionally to make it valuable (like a special edition car or something), they just didnt sell white ones. Going into the deal thinking its worth more than a yellow or black one is just giving the seller more money.

That being said, even in good condition I think its priced high. They made less power in '01 so that makes them less desirable. Even though there are more produced with the 405hp, that doesn't mean the '01 is rare. They just made less of them and most people want the higher power version.
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Old Sep 29, 2022 | 01:17 PM
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Originally Posted by Kubs
Being a low production number doesnt mean its rare, it means no one wanted it. It was not done intentionally to make it valuable (like a special edition car or something), they just didnt sell white ones. Going into the deal thinking its worth more than a yellow or black one is just giving the seller more money.

That being said, even in good condition I think its priced high. They made less power in '01 so that makes them less desirable. Even though there are more produced with the 405hp, that doesn't mean the '01 is rare. They just made less of them and most people want the higher power version.
Low production is literally synonymous with rare. Whether it means it’s desirable or not, depends on more than just rarity though. It’s pretty commonly accepted that speedway white z06’s are desirable. 3 times I’ve posted an item for sale that had part of my z06 in the background, and every time I’ve gotten messages asking if it’s a real speedway white z06 and if I want to sell it.
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Old Sep 29, 2022 | 01:23 PM
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Originally Posted by Kubs
Being a low production number doesnt mean its rare, it means no one wanted it. It was not done intentionally to make it valuable (like a special edition car or something), they just didnt sell white ones. Going into the deal thinking its worth more than a yellow or black one is just giving the seller more money.

That being said, even in good condition I think its priced high. They made less power in '01 so that makes them less desirable. Even though there are more produced with the 405hp, that doesn't mean the '01 is rare. They just made less of them and most people want the higher power version.
I agree with this entirely. However, if the OP is specifically looking for a white Z06, there are not a lot of them out there to choose from. The car is overpriced. There are also better objectively better Z06s out there. However, car buying tends to be more subjective. If he specifically wants a white C5 Z06, this might be his best option. Hopefully, he can negotiate the price down some.
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Old Sep 29, 2022 | 02:18 PM
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22 year old Corvette with 130000 miles plus it been modified. Great idea. C7 ZO6 wheels are known to be weak probably why the car has them. $23000.00 will buy you a nice C7 in about 6 months when used auto loans get into the 12% -14% range.
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Old Sep 29, 2022 | 03:03 PM
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Originally Posted by h8snow
22 year old Corvette with 130000 miles plus it been modified. Great idea. C7 ZO6 wheels are known to be weak probably why the car has them. $23000.00 will buy you a nice C7 in about 6 months when used auto loans get into the 12% -14% range.
In red: Huh?

I think prices will drop in the future but I don't think you're going to be able to find a nice C7 for $23K! A C6, yes or maybe a super high miles or beat on C7 but not a nice one. If I'm wrong, I'll be adding a C7 to my fleet!

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Old Sep 29, 2022 | 03:31 PM
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Thanks, folks! I'm not specifically looking for a white C5Z, it just happened across my search results and is on my short list. I'm going to try to check it out soon. I agree that the mods do not make it more valuable; IMO it usually means the car was driven harder than an un-modded version. And I was not aware of the issues with the C7Z wheels; thanks for the heads-up!
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Old Sep 29, 2022 | 07:40 PM
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Originally Posted by Kubs
Being a low production number doesnt mean its rare, it means no one wanted it. It was not done intentionally to make it valuable (like a special edition car or something), they just didnt sell white ones. Going into the deal thinking its worth more than a yellow or black one is just giving the seller more money.

That being said, even in good condition I think its priced high. They made less power in '01 so that makes them less desirable. Even though there are more produced with the 405hp, that doesn't mean the '01 is rare. They just made less of them and most people want the higher power version.

Whether it was done intentionally at the time of production has absolutely zilch to do with how desirable/valuable they are in the future/now lol. The simple fact is that there are a lot of buyers willing to pay a premium for a speedway white Z06 because they are indeed rare and carry the "unicorn" moniker
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Old Sep 30, 2022 | 02:21 AM
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You can surely get a lower mileage later model for that price.
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Old Sep 30, 2022 | 02:47 AM
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I’d at least go look at it. If you think it looks good and you can get him down a little on price have a reputable shop do an inspection.
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Old Sep 30, 2022 | 07:43 AM
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Originally Posted by heggsc5
Whether it was done intentionally at the time of production has absolutely zilch to do with how desirable/valuable they are in the future/now lol. The simple fact is that there are a lot of buyers willing to pay a premium for a speedway white Z06 because they are indeed rare and carry the "unicorn" moniker
Not necessarily. I think the number of people who want a white one are still low, but when someone wants one they are hard to find. In reality anything is only worth as much as someone is willing to pay. Those who really WANT a white one they may be willing to pay more which artificially inflates the value. If the OP isnt specifically looking for a white one then its not worth it to him to pay a premium over another year/color.

The same could be said for an electron blue one. Its only a 2 year color. Someone really really wants a blue one so they pay extra when they find one because its what they want, its local, its not modded or modded how they want etc. Does that make the blue ones rare too? No, its just what someone was willing to pay at that time.
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Old Sep 30, 2022 | 07:44 AM
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Originally Posted by vette4fl;[url=tel:1605734598
1605734598[/url]]You can surely get a lower mileage later model for that price.
Not in white lol!
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Old Sep 30, 2022 | 08:03 AM
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Originally Posted by h8snow
22 year old Corvette with 130000 miles plus it been modified. Great idea. C7 ZO6 wheels are known to be weak probably why the car has them. $23000.00 will buy you a nice C7 in about 6 months when used auto loans get into the 12% -14% range.
I hope you are right! I want a half a dozen or so at that price!
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