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Potential Corvette C6 Z06 buy. Need opinions.

 
Old 02-21-2019, 01:18 AM
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Cody Strife
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Default Potential Corvette C6 Z06 buy. Need opinions.

Just wanted to get some opinions, pretty much settled to a price of 29,500 dollars for a 2008 Corvette Z06, lovely car, does have a “rebuilt” title due to flood “damage” which seems to be nothing. But anyways, here is the following details. Now the thing is this, I have a 2007 Porsche Cayman rebuilt title in which he is willing to slash 14,000 dollars off the price of the vehicle. Trade plus cash. What do you guys think, I am somewhat concerned as it pertains to selling the Porsche as I haven't got a whole lot of bites on it. (it's for sale for 16,000 dollars)

16,500 original miles.
“Torch Red” (or whatever red it was)
2LTZ package.
MSD AirForce Intake.
Hinson long tube headers.
corsa carbon fiber cold air intake.
AHP stage 4 LS7 Head rebuilt with Ferea hollow stim SS valves.
A custom grind cam.

Dynoed 580 Rwhp.

What do you guys think? Reasonable price? I was attracted to the car because it was exceptionally clean and I wouldn’t have to do any of the significant mods that I plan on doing (knowing already how much that cost for my old 2002 Corvette.) and I really like the fact that later vette like this had the TR6060 transaxle.

Last edited by Cody Strife; 02-22-2019 at 01:43 AM.
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Old 02-21-2019, 03:10 AM
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Too-Fast
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You asked, yours is the only opinion that matters. I would not touch a car with a rebuilt title for flood damage.
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Old 02-21-2019, 03:15 AM
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MTPZ06
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What are your plans for the car? DD, weekend cruiser, track car, etc.?
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Old 02-21-2019, 07:46 AM
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Unreal
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Originally Posted by Too-Fast View Post
You asked, yours is the only opinion that matters. I would not touch a car with a rebuilt title for flood damage.
This. You can get clean title ones for that price. That is crazy for a rebuilt title.

6060 transaxle should not be something steering you towards a car. Was just working out with a fellow vette owner yesterday, and funny enough this came up. He had a 2008 base model with tr6060 and now has a t56 2006 car. Said he can't believe how much better it is, and that is is silly that people want the 6060 when it doesn't shift nearly as well. I agree with this, as I swapped to a 6060 and it sucks. Several friends did the same thing. All agree the t56 is a better tranny unless you are going for max torque power holding, but a 600rwhp z06 isn't even close to hurting a t56.

Last edited by Unreal; 02-21-2019 at 07:48 AM.
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Old 02-21-2019, 07:50 AM
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Run Forest, run...
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Old 02-21-2019, 08:22 AM
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03worthy4link
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A 2008 VY Z06 local to me sold for $18k on a $22k asking price with 48k miles, rebuilt title. No flood damage, car was invovled in a mild front end collision and fixed/owned by a vette shop. Heads were supposedly addressed along with some other mods, not quite on the order of the one you're looking at. Undoubtedly it was on the low end of the pricing scale and a great deal, but the market for these types of cars with rebuilt title can be stellar for a buyer. At $29k it seems more like a win for the seller.
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Old 02-21-2019, 08:40 AM
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pjazz
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I'd have to get a much better discount than that.To be honest a flood car is to much of a risk for me.Most likely the low miles and modifications make them offer this a that price. I'd have it looked over by a mechanic. Make sure to check connectors at CPU and fuse boxes for water and corrosion. Then talk them down. Also don't expect to make money off it at resale.
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Old 02-21-2019, 08:45 AM
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Unreal
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Hell there was a clear title nice car for $19k posted yesterday. Was 100k+ miles, but for the extra $10k you could refresh everything and have an awesome car. New tires, breaks, heads, all those mods, etc etc etc. I much rather go that route.

Or just find a clean car for $30k. It isn't that hard.
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Old 02-21-2019, 09:55 AM
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alec427
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No way - you can find a clean titled car for not a whole lot more. Risk is not worth it IMO
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Old 02-21-2019, 10:20 AM
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smitty1966
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I am in the auto salvage/dismantling business and have seen hundreds and hundreds of flood cars through the years. The issue with all of them, to varying degrees, is the electronics. From minor annoyances like AC controller failure to major ones like engine control computer, trans control computer or antilock brake failure. And the failure may be worse than leaving you stranded, it can put you in dangerous situations. And usually it is intermittent, unexpected and very hard and expensive to diagnose and repair. I would not consider a flood damaged car even if the price Was ridiculously low.
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Old 02-21-2019, 10:25 AM
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Originally Posted by smitty1966 View Post
I am in the auto salvage/dismantling business and have seen hundreds and hundreds of flood cars through the years. The issue with all of them, to varying degrees, is the electronics. From minor annoyances like AC controller failure to major ones like engine control computer, trans control computer or antilock brake failure. And the failure may be worse than leaving you stranded, it can put you in dangerous situations. And usually it is intermittent, unexpected and very hard and expensive to diagnose and repair. I would not consider a flood damaged car even if the price Was ridiculously low.
There you have a man with experience and not our opinions, listen to him, move on, I would....
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Old 02-21-2019, 10:35 AM
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GS982
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As other have said, run away! Even if you luck out and the car is in perfect condition, you will take a bath on it at that price when you try to resale it. Reputable dealers either won't accept it on trade or will lowball you as they will only wholesale it off to auction. Regardless of condition in my non-expert opinion I would say the car is worth in the very low $20K's, and I wouldn't touch it even then. Good Luck!
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Old 02-21-2019, 11:08 AM
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Gunrunner72
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Originally Posted by smitty1966 View Post
I am in the auto salvage/dismantling business and have seen hundreds and hundreds of flood cars through the years. The issue with all of them, to varying degrees, is the electronics. From minor annoyances like AC controller failure to major ones like engine control computer, trans control computer or antilock brake failure. And the failure may be worse than leaving you stranded, it can put you in dangerous situations. And usually it is intermittent, unexpected and very hard and expensive to diagnose and repair. I would not consider a flood damaged car even if the price Was ridiculously low.
Beat me to it....it's nearly always constant chasing of electronic demons with flood cars.
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Old 02-21-2019, 11:24 AM
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I'm also in the business of buying and selling rebuilt cars. I'm not going to say to stay away just because it's a rebuilt title, but because it's too expensive for a rebuilt title car. I wouldn't just say no altogether because it's rebuilt, hell I just bought a daily driver for myself that has a rebuilt title where it was literally only in a fender bender.

I feel like a lot of people hear rebuilt title and automatically assume it was in this massive car accident where it was crushed to pieces. While that's sometimes the case, a lot of the times it's not. All depends on the insurance company and the adjuster that goes to see the car. If they deem that it's not worth them fixing, it's being totaled and now sold at Copart, IAAI, etc. with a rebuilt title.
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Old 02-21-2019, 11:29 AM
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OneMeanZ
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Originally Posted by jorge18 View Post
I'm also in the business of buying and selling rebuilt cars. I'm not going to say to stay away just because it's a rebuilt title, but because it's too expensive for a rebuilt title car. I wouldn't just say no altogether because it's rebuilt, hell I just bought a daily driver for myself that has a rebuilt title where it was literally only in a fender bender.

I feel like a lot of people hear rebuilt title and automatically assume it was in this massive car accident where it was crushed to pieces. While that's sometimes the case, a lot of the times it's not. All depends on the insurance company and the adjuster that goes to see the car. If they deem that it's not worth them fixing, it's being totaled and now sold at Copart, IAAI, etc. with a rebuilt title.
Rebuilt because of collisions is MUCH different than rebuilt because of flood damage. And 29K is WAY to high for any rebuilt titled C6Z.
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Old 02-21-2019, 11:44 AM
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Originally Posted by OneMeanZ View Post
Rebuilt because of collisions is MUCH different than rebuilt because of flood damage. And 29K is WAY to high for any rebuilt titled C6Z.
Agreed. Should be much cheaper.
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Old 02-21-2019, 01:26 PM
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73DBG
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This car is only worth buying for the “right buyer” at the “right price” almost all used cars can be categorized with this method. Gathering from your post if you did buy this ZO6 it would be for personal use and enjoyment. You are not the correct buyer for this car from the buyers standpoint, you may very well be the correct buyer from the seller standpoint. Odd’s are the seller is actually the “right buyer” meaning they(dealer) probably do this for a living, have zero intentions of getting personal use out of it and more than likely paid 50% less than advertised at a minimum. At some point most of us in this thread would become the “right buyer” but it’s very doubtful. I mean I’d pay 5k for this car, all of us would, I’d pay 10k I’m sure all of us would. Keeping adding 5k and you get the picture. Pass on this thing man, there’s 4 or 5 C6z’s on CarGurus right now that are close to this car in mileage and price and don’t have “flood damage” leave this alone man, don’t be the sellers “right buyer” hold off and get a good car you are the “right buyer” for. Good luck man🇺🇸

Last edited by 73DBG; 02-21-2019 at 01:27 PM.
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Old 02-21-2019, 03:33 PM
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Cody Strife
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Thanks guys! I believe I will pass on this car and just wait on it. I have a nice 2007 Porsche Cayman, rebuilt title (no frame damage, just component damage (headlight, bent hood, bumper, radiator and condenser doesn’t take much to total one of these out) but everything is perfect on it. Still in the market for a Z06, but I am reconsidering everything now.

And I was wanting it for a weekend car.

Last edited by Cody Strife; 02-21-2019 at 03:34 PM.
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Old 02-21-2019, 05:01 PM
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C6Z06Silverbullet
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Way too high for a rebuilt title car.
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Old 02-21-2019, 05:54 PM
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For a rebuilt title, I would think 15K max. But also, I would NEVER buy a flood damaged car. Too high a probability of electrical gremlins.
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