Used Vette value?
Thread Starter
8th Gear
Joined: Oct 2020
Posts: 8
Likes: 0
From: Montgomery, Alabama
Used Vette value?
Hi.
I'm new to this forum and searching my first vette (C6) now.
When you make a deal, what reference can I use for the value of the car? (Nada? KBB?)
I know the value of the used cars (especially Corvettes) can be determined by many factors. But I just want to know if there is any reference point that I can use to determine a median price depending on the year, mileage and options.
Thank you for your help in advance.
I'm new to this forum and searching my first vette (C6) now.
When you make a deal, what reference can I use for the value of the car? (Nada? KBB?)
I know the value of the used cars (especially Corvettes) can be determined by many factors. But I just want to know if there is any reference point that I can use to determine a median price depending on the year, mileage and options.
Thank you for your help in advance.
Thread Starter
8th Gear
Joined: Oct 2020
Posts: 8
Likes: 0
From: Montgomery, Alabama
2008 coupe manual 3LT in Red (79000 miles)
No mod except for B&B axle back exhaust
Need rear tires
Any suggestion on the price?
Safety Car
Joined: Sep 2013
Posts: 4,355
Likes: 2,633
From: Draper Utah
My latest method is to run the car through Carvana and see what they will actually pay for the car. It normally takes 5 minutes... then you know the actual bottom dollar/wholesale value. Add 10% and that is usually a good deal.
YMMV
YMMV
Last edited by Iceaxe; Oct 22, 2020 at 09:11 PM.
Melting Slicks
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From: US
Melting Slicks
Joined: May 2009
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From: Port St Lucie Florida
2025 C6 of the Year Finalist - Modified
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Advanced
Joined: Jun 2018
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From: Bullhead City, Arizona
I just bought a similar car to the one you described for $17,500 near Las Vegas. One owner, driven but in nice shape overall. Atomic Orange instead of Red.
Last edited by sneal46; Oct 23, 2020 at 01:16 PM.
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Le Mans Master
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From: Rural NW Georgia. GO DAWGS!
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That being said, I just did a quick nationwide search trying to find a car similar to what you described, and the closest thing I got were two red base coupes, no mods, and with less than half those miles I found two that were priced $27-$29k. I don't know what the seller is asking for the car you found, but be prepared to pay more than it's worth.
Thread Starter
8th Gear
Joined: Oct 2020
Posts: 8
Likes: 0
From: Montgomery, Alabama
I hope you know that now is about the worst time to be shopping for any used car. With the GM strike and then COVID, used cars are going for a premium right now. I sold a 2014 MB E350 AMG Cabriolet in July because I got about $3k more than what I would have gotten for it this time last year, and a guy flew from Baltimore to Atlanta to buy it. It took me nine days to sell it and most of that time was spent negotiating with the guy who bought it because he was trying to talk me down. I didn't budge.
That being said, I just did a quick nationwide search trying to find a car similar to what you described, and the closest thing I got were two red base coupes, no mods, and with less than half those miles I found two that were priced $27-$29k. I don't know what the seller is asking for the car you found, but be prepared to pay more than it's worth.
That being said, I just did a quick nationwide search trying to find a car similar to what you described, and the closest thing I got were two red base coupes, no mods, and with less than half those miles I found two that were priced $27-$29k. I don't know what the seller is asking for the car you found, but be prepared to pay more than it's worth.
Drifting
Joined: Oct 2009
Posts: 1,537
Likes: 165
From: Lombard, IL (Chicago suburbs)
the car has higher mileage compared to alot of other Corvettes but still has plenty of life left in it.
I have a similar car with less mileage and Carvana offered me $21,500 earlier this year. The Carvana + 10% is a great idea and that would make me think the numbers would look something like this
21,500 whole sale for a similar car
- 2,000 for the excess mileage
-1,000 for new tires (if the rears are worn out, the fronts are probably gone as well, the inside of the fronts generally wear faster than the outside)
+500 for 3lt (heads up display, heated seats, power steering wheel, etc.)
if it has z51 i would add another $500 ~ $1000 if you want those features.
I would be somewhere in the $21 to $22k for that car from a private seller, a bit less if you live in the northern climates as the driving season is basically over, and maybe a bit more if you're in the south where the driving season is year round.
I have a similar car with less mileage and Carvana offered me $21,500 earlier this year. The Carvana + 10% is a great idea and that would make me think the numbers would look something like this
21,500 whole sale for a similar car
- 2,000 for the excess mileage
-1,000 for new tires (if the rears are worn out, the fronts are probably gone as well, the inside of the fronts generally wear faster than the outside)
+500 for 3lt (heads up display, heated seats, power steering wheel, etc.)
if it has z51 i would add another $500 ~ $1000 if you want those features.
I would be somewhere in the $21 to $22k for that car from a private seller, a bit less if you live in the northern climates as the driving season is basically over, and maybe a bit more if you're in the south where the driving season is year round.
Last edited by clearwaterms; Oct 23, 2020 at 01:21 PM.
Le Mans Master
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Drifting
Joined: Oct 2009
Posts: 1,537
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From: Lombard, IL (Chicago suburbs)
I lived about 30 miles west of you from 2002-2013 and drove the 01 C5 I owned at the time all year. I seemed to find two to three sunny weekend days in the winter when the roads were dry where I could hook the battery back up and take it our for at least a 50 mile run on the long, straight country roads. Corvettes love cold air!!!
Safety Car
Joined: Sep 2013
Posts: 4,355
Likes: 2,633
From: Draper Utah
80k miles is high mileage in the Corvette world where low mileage garage queens are plentiful.
Last edited by Iceaxe; Oct 23, 2020 at 07:23 PM.
Race Director
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Race Director
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From: T-Town WA
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Having said that...if it is THE car you have always wanted and you plan to keep it a few years paying an extra $2grand is minimal. If you think you'll flip it you really need to haggle.
Melting Slicks
Joined: May 2020
Posts: 2,136
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From: North Little Rock, AR
I just went through the process of buying a C6 back in April. I was looking for a vert with a manual transmission. When I first started searching the price variances drove me nuts based on cars with different options and mileage. So I reset myself by determining exactly what I wanted, and my advice is for you do to the same. Then I started searching specifically for that car and was able to determine what years to look at so I knew what would be within my budget that I set at 30K. My Search criteria: 2006 - 2010, Convertible, Manual,, 3LT, Z51, Monterey Red, Yellow, Red, One Owner, < 26,000 miles. Search took almost 4 months and I found the car I was looking for in Monterey Red with a price point in the upper 20s. One thing to note is that the car had new tires, oil change, new battery, harmonic balancer replaced, along with idler pulley and belt. It was also shipped in a covered trailer with right of refusal as it was unloaded and then an additional 3 days to inspect. Yes I bought it sight unseen because of Covid but I was in a win win situation with what I negotiated. This was my experience since traveling to look at cars was not really an option at the time due to the pandemic. Hope this helps in some way.
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