Is this C5 overpriced?
Thread Starter
4th Gear
Joined: Aug 2023
Posts: 4
Likes: 0
Is this C5 overpriced?
Looking at this C5... it's got a clean carfax, it's an 04 with 48000 miles. It's got pretty much everything I'm looking for in a C5, it's a coupe and it's black. However it's $22k. Am I wrong for thinking it's a bit overpriced? I think at that price point I'd rather go for a higher milage C6.
Melting Slicks
Joined: May 2013
Posts: 2,961
Likes: 1,395
From: New Jersey
2025 Corvette of the Year Finalist - Unmodified
2024 C2 of the Year Winner - Unmodified
2024 C1 of the Year Finalist - Unmodified
2023 C2 of the Year Finalist - Unmodified
2023 C5 of the Year Winner - Unmodified
St. Jude Donor '25
Automatic or manual? I paid $22k for a 2003 6-speed convertible with 31k miles in May. This doesn't seem too far out of range.
Race Director
Joined: Oct 2004
Posts: 12,828
Likes: 4,635
Looking at this C5... it's got a clean carfax, it's an 04 with 48000 miles. It's got pretty much everything I'm looking for in a C5, it's a coupe and it's black. However it's $22k. Am I wrong for thinking it's a bit overpriced? I think at that price point I'd rather go for a higher milage C6.
Melting Slicks
Joined: May 2013
Posts: 2,961
Likes: 1,395
From: New Jersey
2025 Corvette of the Year Finalist - Unmodified
2024 C2 of the Year Winner - Unmodified
2024 C1 of the Year Finalist - Unmodified
2023 C2 of the Year Finalist - Unmodified
2023 C5 of the Year Winner - Unmodified
St. Jude Donor '25
Instructor
Joined: May 2011
Posts: 122
Likes: 48
From: Maui
Pricing the C5/C6 Vettes is proving to be quite a complex thing in my experience. Prices in the "for sale" section of this board seem to be well above what I can find on Autotrader, etc. but the cars are also generally better cared for and in better shape. Then, I look at sites like KBB and NADA and everything seems super-high.
OP - that looks to be pretty close to what I've found but is a bit high side. Closer to 20K would be nice. Like everything it comes down to how bad you want it and how bad the seller wants it gone.
OP - that looks to be pretty close to what I've found but is a bit high side. Closer to 20K would be nice. Like everything it comes down to how bad you want it and how bad the seller wants it gone.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
10 Revolutionary 'Corvette Firsts' Most People Don't Know
Joe Kucinski
5 Reasons to Upgrade to an LS6-Powered Corvette; 5 Reasons to Stay LT2
Michael S. Palmer
2027 Corvette vs The World: Every C8 vs Its Closest Competitor
Joe Kucinski
10 Most Common Corvette Problems of the Last 20 Years!
Joe Kucinski
5 MOST and 5 LEAST Popular Corvette Model Years in History!
Joe Kucinski
2027 Corvette Buyer's Guide: Everything You Need to Know!
Joe Kucinski
10 Things C8 Corvette Owners Hate (But Won't Tell You)
Joe Kucinski
10 Best Corvettes Coming to Barrett-Jackson Palm Beach 2026!
Brett Foote
Every Corvette Grand Sport Explained! (C2, C4, C6, C7, & C8)
Joe Kucinski
Administrator
Joined: Mar 2001
Posts: 367,452
Likes: 24,618
From: In a parallel universe. Currently own 2014 Stingray Coupe.
C7 of the Year - Modified Finalist 2021
MO Events Coordinator
St. Jude Co-Organizer
St. Jude Donor '03 thru '25
NCM Sinkhole Donor
CI 5, 8 & 11 Veteran
With 48K miles, it would be on the high side price wise for me. $1-1.5K cheaper would be more reasonable.
Le Mans Master
Joined: Feb 2007
Posts: 9,290
Likes: 1,522
From: Oviedo Florida
2024 C5 of the Year Finalist - Modified
2024 C2 of the Year Finalist - Modified
2023 C2 of the Year Finalist - Modified
2021 C2 of the Year Finalist - Modified
2016 C5 of Year Finalist
Well...thats what they are asking. NEGOCIATE
Good luck
Good luck
Burning Brakes
Joined: Dec 2022
Posts: 1,015
Likes: 870
From: Nappytown MD
I paid 19K in JAN of this year for the same car basically, A4 coupe with 55K miles-offer them 17 and see where it goes! but ~20K is about the average price now for a low mile unmolested car, at least from my following them for the last 12 months. Make sure the underside is not damaged. They can look great and have a clean carfax, but the underside will tell you alot about how it was taken care of.
Le Mans Master
Joined: Dec 2017
Posts: 5,543
Likes: 3,281
From: Virginia
2021 C5 of the Year Finalist - Modified
St. Jude Donor '21-'22
I agree that This should be around $20K, but they are not hugely off base with this. Make an offer that you're comfortable with. The worst they can say is no. With that said, even at the full asking, this is likely to be a lot better than any C6 you'll get for $22K. Be sure to get a pre-purchase inspection on any C5 or C6 that you buy. Good luck!
Drifting
Joined: May 2007
Posts: 1,550
Likes: 326
From: Mid Ohio
IMO $20k
However.. *IF* it was maintained and had new / recent parts like tires, shocks, belts, hoses, harmonic balancer, history of ALL fluids flushed... it might be well worth $22k.
If its just a avg and needs those things... $19-20 is what I'd expect.
Below avg maintenance / condition... move on.
However.. *IF* it was maintained and had new / recent parts like tires, shocks, belts, hoses, harmonic balancer, history of ALL fluids flushed... it might be well worth $22k.
If its just a avg and needs those things... $19-20 is what I'd expect.
Below avg maintenance / condition... move on.
Team Owner
Joined: May 2001
Posts: 36,004
Likes: 2,510
From: ...tearing up the highways, one state at a time™®©
I'd buy in the $17k range, but I am a ruthless negotiator.
My online pal @UniqueDoug is a good resource for car values, and knows C5 corvettes. Maybe he'll chime-in
My online pal @UniqueDoug is a good resource for car values, and knows C5 corvettes. Maybe he'll chime-in
Team Owner
Joined: Nov 2002
Posts: 138,566
Likes: 177
From: Poor pathetic little excuse for a boy
I'd buy in the $17k range, but I am a ruthless negotiator.
My online pal @UniqueDoug is a good resource for car values, and knows C5 corvettes. Maybe he'll chime-in
My online pal @UniqueDoug is a good resource for car values, and knows C5 corvettes. Maybe he'll chime-in
Team Owner
Joined: Nov 2002
Posts: 138,566
Likes: 177
From: Poor pathetic little excuse for a boy
Team Owner
Joined: May 2001
Posts: 36,004
Likes: 2,510
From: ...tearing up the highways, one state at a time™®©
