Used prices
Thread Starter
Racer
Joined: Oct 2010
Posts: 277
Likes: 11
Used prices
When I sell my BMW 540i I am going to be looking for a 2008 - 2011 convertible. Am I wrong or are sellers throwing darts to see how high they can price verts? I would like a low mileage 08 or 09 to save a few bucks, but the asking prices are seemingly crazy. For example 2012 LT3, 6m, vert, chrome wheels, MPP, F55 from a forum sponsor $65,000.00. About 15% OFF MSRP. Then you see a similar 2011 for 55 - 57, or 69!!! A 2010 at $65!!!! 08's at $49!!! You have to wonder what they are basing their prices on. It seems to me that the well equipped 2011 is a bargain at $55 and not bad at $57, insane at 65. So, a 2010 at $45 - 48?? An 09 at $41?? 08 $34 - $36?? Sellers probably don't like these numbers but paying 49 for an 08 when you see 09's & 10's priced at the same or a little higher seems ridiculous. Are the lower prices loss leaders? Did that one sell yesterday but today we have one similar but a lot nicer for 10K more? Anybody care to weigh in with what they paid?
Melting Slicks
Joined: Aug 2003
Posts: 2,966
Likes: 5
From: Wichita Falls Tx
Not sure you are going to find many loaded 08 verts in the $34-$36K range. I'll share my story for what it's worth. 27 months ago I bought a loaded 07 vert that had 12k miles and 1 year of factory warranty left. I bought it from a dealer and got what I considered a very good price of $36.7k. I recently checked the price guides and the car is still showing to be worth almost the same some 2 years later.
It's my opinion the verts have held their prices fairly well over the last couple of years.
It's my opinion the verts have held their prices fairly well over the last couple of years.
Safety Car
Joined: May 2006
Posts: 3,732
Likes: 709
From: Shelton, Connecticut
St. Jude Donor '08-'09-'10-'11-'12-'13-'14-'15-'16
keep looking
Just picked up an 08 vert, Crystal Red, A6, 3LT, NPP, Z-51, Nav, chrome wheels and the Mesh grille package last wednesday.
The car came from a dealer in NC. Paid $38.8. Car has 16k miles. They are out there. Just bide your time.
The car came from a dealer in NC. Paid $38.8. Car has 16k miles. They are out there. Just bide your time.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Le Mans Master
Joined: May 2005
Posts: 6,640
Likes: 279
From: Muscle Shoals, AL
Cruise-In VI Veteran
Cruise-In VII Veteran
BTW, 08's are better cars to buy for this reason.
Heel & Toe
Joined: Feb 2008
Posts: 22
Likes: 7
From: Cinnaminson New Jersey
Bought an '08 Machine Silver w/Black top 3LT, Z 51, M6, Nav, NPP, Gumbys, 2 color interior, 8500mi for $35,300 at the end of November at Chevy 21 Bethlehem PA, Car was in like new condition. I thought thatat was a pretty good deal.
Drifting
Joined: Apr 2011
Posts: 1,713
Likes: 11
From: Virginia
When I sell my BMW 540i I am going to be looking for a 2008 - 2011 convertible. Am I wrong or are sellers throwing darts to see how high they can price verts? I would like a low mileage 08 or 09 to save a few bucks, but the asking prices are seemingly crazy. For example 2012 LT3, 6m, vert, chrome wheels, MPP, F55 from a forum sponsor $65,000.00. About 15% OFF MSRP. Then you see a similar 2011 for 55 - 57, or 69!!! A 2010 at $65!!!! 08's at $49!!! You have to wonder what they are basing their prices on. It seems to me that the well equipped 2011 is a bargain at $55 and not bad at $57, insane at 65. So, a 2010 at $45 - 48?? An 09 at $41?? 08 $34 - $36?? Sellers probably don't like these numbers but paying 49 for an 08 when you see 09's & 10's priced at the same or a little higher seems ridiculous. Are the lower prices loss leaders? Did that one sell yesterday but today we have one similar but a lot nicer for 10K more? Anybody care to weigh in with what they paid?
Those with high prices looking for a sucker and those who actually want to sell a car.
Look at the "For Sale" prices on Ebay motors then at the completed auctions. Actual sales appear to be 5-7,000 less than the average asking price for all the models.
Burning Brakes
Joined: Dec 2010
Posts: 902
Likes: 7
From: Hanover Maryland
I got my jsb 3lt npp chrome wheels nav and Bose. 49500 nov 2010 6000 miles on it. From Carolina. Sticker was 70,000
Le Mans Master
Joined: Oct 2004
Posts: 6,813
Likes: 287
From: Toronto Ontario Canada
There are lots of cars available and at this time of year the prices should be flexible. Dealers don't want these cars over the winter months. You should be able to get a good deal.
Safety Car
Joined: Jan 2009
Posts: 4,681
Likes: 2
From: Mooresville (Race City USA) NC
When I sell my BMW 540i I am going to be looking for a 2008 - 2011 convertible. Am I wrong or are sellers throwing darts to see how high they can price verts? I would like a low mileage 08 or 09 to save a few bucks, but the asking prices are seemingly crazy. For example 2012 LT3, 6m, vert, chrome wheels, MPP, F55 from a forum sponsor $65,000.00. About 15% OFF MSRP. Then you see a similar 2011 for 55 - 57, or 69!!! A 2010 at $65!!!! 08's at $49!!! You have to wonder what they are basing their prices on. It seems to me that the well equipped 2011 is a bargain at $55 and not bad at $57, insane at 65. So, a 2010 at $45 - 48?? An 09 at $41?? 08 $34 - $36?? Sellers probably don't like these numbers but paying 49 for an 08 when you see 09's & 10's priced at the same or a little higher seems ridiculous. Are the lower prices loss leaders? Did that one sell yesterday but today we have one similar but a lot nicer for 10K more? Anybody care to weigh in with what they paid?
Race Director
Joined: Dec 2007
Posts: 19,574
Likes: 167
From: Frederick, MD
High price for a used car usually means a couple things. One is that the dealer knows he can get around that price. Some people believe a new C6 sells for MSRP so $45k or so for an 08 might look real good to them.
Or they start the price high knowing buyers will low ball them. Local dealer is advertising used Aveos for about $12k, which is currently about $3-4k below the cheapest new car (Sonic Sedan). In reality the Aveo is probably worth around $8-9k.
Or they start the price high knowing buyers will low ball them. Local dealer is advertising used Aveos for about $12k, which is currently about $3-4k below the cheapest new car (Sonic Sedan). In reality the Aveo is probably worth around $8-9k.
Le Mans Master
Joined: Mar 2000
Posts: 9,127
Likes: 2,326
From: Pottsville, PA. USA Home Of America's Oldest Brewery Yuengling
Not everybody can buy a new Corvette the average GS convertible has a $72K sticker price. So a low mileage 08 or 09 priced in the low 40's is a good buy.