Serious question: Are 427's really worth WAY above book values?
04-20-2018, 11:40 AM
#21
I'm even starting to see low mileage 427's in the extreme low $50's not sell; there are some out there at that price point that have been for sale since the end of last summer. These people that are asking $60K / $70K / $80K appear to keep "sitting" on their cars as the market inevitably keeps depreciating. I just don't understand why somebody would do that when they clearly want to sell their car. It's easy to think "money", but the reality is that they're going to lose more and more money (in the end) everyday they don't sell their car.
04-20-2018, 12:53 PM
#22
Race Director
Pro Mechanic
Member Since: Apr 2014
Location: Washington Township Michigan
Posts: 14,521
Received 3,952 Likes
on
2,470 Posts
2024 Corvette of the Year Finalist - Unmodified
2023 C6 of the Year Winner - Unmodified
2020 C6 of the Year Finalist - Unmodified
2019 C6 of Year Finalist (appearance mods)
NO, ALL GM passenger cars and trucks have this information recorded.......... other OEM's as well do a very similar thing
typically most components which have a serial ID number have that information kept in the OEM systems............
PM me if you would like an example....................
typically most components which have a serial ID number have that information kept in the OEM systems............
PM me if you would like an example....................
Last edited by rkj427; 04-20-2018 at 05:45 PM.
04-20-2018, 12:56 PM
#23
Race Director
Pro Mechanic
Member Since: Apr 2014
Location: Washington Township Michigan
Posts: 14,521
Received 3,952 Likes
on
2,470 Posts
2024 Corvette of the Year Finalist - Unmodified
2023 C6 of the Year Winner - Unmodified
2020 C6 of the Year Finalist - Unmodified
2019 C6 of Year Finalist (appearance mods)
I'm even starting to see low mileage 427's in the extreme low $50's not sell; there are some out there at that price point that have been for sale since the end of last summer. These people that are asking $60K / $70K / $80K appear to keep "sitting" on their cars as the market inevitably keeps depreciating. I just don't understand why somebody would do that when they clearly want to sell their car. It's easy to think "money", but the reality is that they're going to lose more and more money (in the end) everyday they don't sell their car.
just MY opinion...................
Last edited by rkj427; 04-20-2018 at 05:45 PM.
04-20-2018, 01:04 PM
#24
Race Director
I'm even starting to see low mileage 427's in the extreme low $50's not sell; there are some out there at that price point that have been for sale since the end of last summer. These people that are asking $60K / $70K / $80K appear to keep "sitting" on their cars as the market inevitably keeps depreciating. I just don't understand why somebody would do that when they clearly want to sell their car. It's easy to think "money", but the reality is that they're going to lose more and more money (in the end) everyday they don't sell their car.
For u Is He cars like the CE, Carbon Z, and 427 prices will change rapidly. You might miss the low point and not see that price on a car again for 6 months. It's all a question of how bad you want one vs how bad others do, and how bad people wamt to sell them.
When infirst started shopping for my CE GS, they could be had in the mid 30s with lower miles. Really clean sub 20k mile cars were high 30s. Then they went up. I snagged mine with sub 10k miles for around 40k, and a guy was waiting for me to no longer have a deposit on the car, to pay a few grand more than I was and have it shipped to Utah. At this point, I wouldn't sell it for less than 50k, there just aren't other low mileage 4LT MN6 CE coupes out there. They made between 25 and 250 of them, this way, who know how many are left with low miles.
04-20-2018, 02:14 PM
#25
I have owned six Corvettes. First one back in the day was a 1962 followed by a 74,98,11,15. Loved them all. I sold the 2015 when I found a 2013 427/505HP Anniversary garaged queen with 2200 miles on it. Car was ordered with every option. Like new and had all documentation, window sticker and Chevy service history which amounted to several new batteries from sitting and annual oil changes. Had to pay mid 50's but got a good number for my 2015 and besides original sticker price was $92,060.00. Original owner took the $40+ depreciation. Maybe the car will drop in value some but not so much i am thinking. Chevy combined best from ZR1 and Z06 and there will not be any more 427's. Car is like several special one of a kind Corvettes. Car was ordered with every option and is one of 158 made. Drives great and is the best Corvette I have owned. Large 427 numbers on the raised hood are pretty cool. Is it worth it? No question IMHO.
Last edited by Nice Ride; 04-20-2018 at 02:17 PM.
04-20-2018, 04:38 PM
#26
Race Director
It seems like a lot of private buyers are fishing and would only sell it for $60K or more then say people low ball them if they offer the current market price. Even ZR1 prices are dropping with those around $60k selling pretty quick.
04-20-2018, 06:18 PM
#27
"For Sale" can be had for $60,000 each ...I really dont want to sell either of them but will consider it for $60K.
04-20-2018, 10:27 PM
#28
Race Director
Member Since: Apr 2016
Location: Pittsburgh
Posts: 10,679
Received 4,713 Likes
on
2,998 Posts
2023 C6 of the Year Finalist - Unmodified
2022 C6 of the Year Finalist - Unmodified
2021 C6 of the Year Finalist - Unmodified
427 engine problems were fixed by the dealer with a new engine and unless the car was never driven at all that bad ones have already been found. I am a bit forgetful but think it had something to do with the rods and most died within a couple of thousand miles and factory had a bad batch of parts. Should have all been fixed by now as this was in the 13 model year. Dont know what they did for matching numbers but that repair should show up on a carfax.
