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I am in deep thought about buying a c5 z06. I would like to keep the price around $15,000. I was wanting some input on which year and mileage i should aim for and what to watch out for when buying one. I buy and sell used cars as a side job right now so i know not to go and buy one from a dealer but i am usually buying rather cheap vehicles that i can make money off of so i do not know what to be looking for in a corvette.
All I can say is that you will likely have to increase your budget another $6-10K for a Z06 unless you can find one with a salvage title. good luck. And if you want to actually learn more about C5 corvettes you are in the right place, just start reading.
For that price you'll be lucky to find one thats worth buying. Will most likely be trashed. High miles and or damage, paint faded who knows. Like someone else said, save a few more bucks and get a mid mileage 65K 02 zo6. Good pickup.
I have seen a lot of Z06's go for high teens to low $20's. $15k won't cut it, even in this market. I would think for $18-19k you could buy a mid mileage model that would look nice and perform well. You just have to be patient and keep looking. I bought my 2001 for 15k. I think I did ok, but it is not a garage queen, by any means. It does however have a lot of mods and is putting out more RWHP than the Z06.