Help on corvette value
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Heel & Toe
Joined: Jul 2009
Posts: 21
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Help on corvette value
What would be the value for a 2006,6 spd., Z51, salvage title, all receipts for GM parts,(front end damage), 8K miles, looks and drives like new,no engine damage, title is only problem. Any help on what value may be?
Team Owner
Joined: Aug 2007
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From: I live my life by 2 rules. 1) Never share everything you know. 2)
St. Jude Donor '11-'12-'13, '16-'17-'18
Le Mans Master
Joined: Nov 2005
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idoctr only you can really answer this question...How much money do you want to save?..
like its stated above its resale thats going to kill you...But all of our modern Vette loose value rather quickly..If you want a Vette on the Cheap..go for it...I'll say around 21k tops
like its stated above its resale thats going to kill you...But all of our modern Vette loose value rather quickly..If you want a Vette on the Cheap..go for it...I'll say around 21k tops
Le Mans Master
Joined: Aug 2009
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From: Bucks Co. / outside Philadelphia PA
Race Director
Joined: Mar 2007
Posts: 11,331
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From: Missouri City Texas
Trade in value ~ 20K x 50% = ~ 10k
http://www.kbb.com/used-cars/chevrol...pricing-report
http://www.kbb.com/used-cars/chevrol...pricing-report
Some of the prices people come up with are awesome.
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Race Director
Joined: Mar 2007
Posts: 11,331
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From: Missouri City Texas
You will not be able to buy a C6 with 8k miles and a salvage title for 10k unless there are apparent problems with the car. If you could, I'd have another C6 right now to turn into a racecar, lol.
Team Owner
Joined: Aug 2003
Posts: 24,500
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From: Scottsdale AZ
I'd agree that $10k back of market for the salvage title is probably realistic - - so mid/high teens tops. Certainly low miles, but you can buy an unhit regular title C6 in the mid/lower $20's depending upon your market area.
Tough call . . might be a decent value now, but you'll pay a big price on the back side unless you can scrub the title.
Good luck.
Tough call . . might be a decent value now, but you'll pay a big price on the back side unless you can scrub the title.
Good luck.
Team Owner
Joined: Jun 2005
Posts: 46,295
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From: Northern, VA
St. Jude Donor '15
"In honor of jpee"
I'd agree that $10k back of market for the salvage title is probably realistic - - so mid/high teens tops. Certainly low miles, but you can buy an unhit regular title C6 in the mid/lower $20's depending upon your market area.
Tough call . . might be a decent value now, but you'll pay a big price on the back side unless you can scrub the title.
Good luck.
Tough call . . might be a decent value now, but you'll pay a big price on the back side unless you can scrub the title.
Good luck.
Race Director
Joined: Mar 2007
Posts: 11,331
Likes: 18
From: Missouri City Texas
I'd agree that $10k back of market for the salvage title is probably realistic - - so mid/high teens tops. Certainly low miles, but you can buy an unhit regular title C6 in the mid/lower $20's depending upon your market area.
Tough call . . might be a decent value now, but you'll pay a big price on the back side unless you can scrub the title.
Good luck.
Tough call . . might be a decent value now, but you'll pay a big price on the back side unless you can scrub the title.
Good luck.
I also agree that you need to understand that you'll have a tough time selling the car, but there's always a buyer for the right price. Plenty of people take 30k hits on their C6s when they sell em...no big deal dropping this car off for whatever you can get for it after you're done beating on it
Racer
Joined: Nov 2010
Posts: 303
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From: San Jose CA
Sometimes I wonder if some folks really understand what a "salvage title" really is. 
Le Mans Master
Joined: Aug 2009
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From: Bucks Co. / outside Philadelphia PA
Do tell
Racer
Joined: Nov 2010
Posts: 303
Likes: 4
From: San Jose CA
"Experts recommend caution when purchasing a salvaged vehicle, because there may be hidden damage, which, if unrepairable, may legally render the vehicle a "pile of parts."
Kelley Blue Book automatically rates any salvage vehicle as "poor" and does not value it at all.
So unless this is going to be a dedicated track vehilce OR you truly know firsthand what's wrong, it's usually not worth it.
In almost all cases, salvage title is given to any vehicle that has sustained damage worth 75% or more of its value. For example, if you drive a 2002 Honda Civic worth $9415 and it suffers $7061 in damage in a collision, it’s going to be branded with a title stamped “salvage.” In other words, it’s not considered fit to drive. Some states also call this a junk title.
Hope this sheds some light...
Kelley Blue Book automatically rates any salvage vehicle as "poor" and does not value it at all.
So unless this is going to be a dedicated track vehilce OR you truly know firsthand what's wrong, it's usually not worth it.
In almost all cases, salvage title is given to any vehicle that has sustained damage worth 75% or more of its value. For example, if you drive a 2002 Honda Civic worth $9415 and it suffers $7061 in damage in a collision, it’s going to be branded with a title stamped “salvage.” In other words, it’s not considered fit to drive. Some states also call this a junk title.
Hope this sheds some light...
Race Director
Joined: Mar 2007
Posts: 11,331
Likes: 18
From: Missouri City Texas
A car can also be salvaged out without having ANY unrepairable damage and was simply salvaged due to cost of parts.
There are also other reasons why a car might have a salvage title.
I guarantee that NO ONE will buy a 8k mile salvage C6 in good driving condition for 10k. It isn't going to happen.
There are also other reasons why a car might have a salvage title.
I guarantee that NO ONE will buy a 8k mile salvage C6 in good driving condition for 10k. It isn't going to happen.