Value question
Thread Starter
Burning Brakes
Joined: Apr 2009
Posts: 899
Likes: 209
From: Louisville KY
Value question
Unfortunately because of health issues I am going to sell my 2016 Z07 3LZ auto coupe. It has 13,000 miles. The car has a long list of mods including a 2650 blower and when it was tuned by Shane Hinds it made mid 820's HP on 93 pump and alky injection and 960 with E-85. I had intended to drag race the car but Covic shutting the local drag strips and then health issues prevented this. I am planning to list this car for $75,000. Anyone have a opinion on the fair value of the car?
Team Owner
Joined: Aug 2011
Posts: 21,595
Likes: 1,620
From: GREER SC
Z06
Unfortunately because of health issues I am going to sell my 2016 Z07 3LZ auto coupe. It has 13,000 miles. The car has a long list of mods including a 2650 blower and when it was tuned by Shane Hinds it made mid 820's HP on 93 pump and alky injection and 960 with E-85. I had intended to drag race the car but Covic shutting the local drag strips and then health issues prevented this. I am planning to list this car for $75,000. Anyone have a opinion on the fair value of the car?
Very sorry to hear about your health issues. Mine has had an impact on me as well.
Last edited by Thomasmoto; Jul 5, 2021 at 11:01 AM.
Safety Car
Joined: Mar 2004
Posts: 4,048
Likes: 1,479
From: South Florida
List the car for its base value plus 30% of the cost of the modifications. Unfortunately, you do not get much of a return on mods. Not to mention the number of people willing to purchase a modified Z06 will be less than those who want a never modified car. $75K sounds reasonable. $90K is too much IMO.
Thread Starter
Burning Brakes
Joined: Apr 2009
Posts: 899
Likes: 209
From: Louisville KY
Thanks guys for the feedback. The car is in pristine condition and I think $75,000 is reasonable. I do like the suggestion of listing it for 80K since it gives some bargaining room.
Safety Car
Joined: Mar 2004
Posts: 4,048
Likes: 1,479
From: South Florida
I'd list it for $79,999. It just looks better to a potential buyer vs $80K. Silly but it really is a viable marketing tactic.
Melting Slicks
Joined: Jul 2006
Posts: 2,080
Likes: 407
From: Mason Ohio
John hoping and wishing for your health, that's always first!
As for the car, I think you can get more than 75k. Maybe not 90 as mentioned above, but I wouldn't be surprised at all to get a sale in the mid/upper 80s.
-Jared
As for the car, I think you can get more than 75k. Maybe not 90 as mentioned above, but I wouldn't be surprised at all to get a sale in the mid/upper 80s.
-Jared
Last edited by atljar; Jul 6, 2021 at 12:22 PM.
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Racer
Joined: Aug 2017
Posts: 253
Likes: 82
From: Eastern Washington
Unfortunately because of health issues I am going to sell my 2016 Z07 3LZ auto coupe. It has 13,000 miles. The car has a long list of mods including a 2650 blower and when it was tuned by Shane Hinds it made mid 820's HP on 93 pump and alky injection and 960 with E-85. I had intended to drag race the car but Covic shutting the local drag strips and then health issues prevented this. I am planning to list this car for $75,000. Anyone have a opinion on the fair value of the car?
CJ
Melting Slicks
Joined: Jun 2019
Posts: 2,069
Likes: 951
From: near philly
If it weren't for all those mods I'd say 85
But I know when I was looking if something was modded like that I'd just assume it had it's rev limiter slammed on a dyno 200 times and then slammed on a track another 200 times
Not saying that is the case with yours but obviously that's the perception.
contrary to somebody stating above that you can expect 30% the value of your mods, IMO it's more like subtracting a certain percentage from stock
Your 75 seems pretty darn close given the facts. I'd say 80 to 85 if it were stock.
But I know when I was looking if something was modded like that I'd just assume it had it's rev limiter slammed on a dyno 200 times and then slammed on a track another 200 times
Not saying that is the case with yours but obviously that's the perception.
contrary to somebody stating above that you can expect 30% the value of your mods, IMO it's more like subtracting a certain percentage from stock
Your 75 seems pretty darn close given the facts. I'd say 80 to 85 if it were stock.
Moderator
Joined: Aug 2015
Posts: 12,309
Likes: 4,762
From: SE WI
This one was very similar, heavily modified, sat for a month at $75k. Unfortunately the OP deleted all the details.
https://www.corvetteforum.com/forums...0mi-sa-tx.html
.
Last edited by Zjoe6; Jul 7, 2021 at 08:50 AM.
Safety Car
Joined: Mar 2004
Posts: 4,048
Likes: 1,479
From: South Florida
If it weren't for all those mods I'd say 85
But I know when I was looking if something was modded like that I'd just assume it had it's rev limiter slammed on a dyno 200 times and then slammed on a track another 200 times
Not saying that is the case with yours but obviously that's the perception.
contrary to somebody stating above that you can expect 30% the value of your mods, IMO it's more like subtracting a certain percentage from stock
Your 75 seems pretty darn close given the facts. I'd say 80 to 85 if it were stock.
But I know when I was looking if something was modded like that I'd just assume it had it's rev limiter slammed on a dyno 200 times and then slammed on a track another 200 times
Not saying that is the case with yours but obviously that's the perception.
contrary to somebody stating above that you can expect 30% the value of your mods, IMO it's more like subtracting a certain percentage from stock
Your 75 seems pretty darn close given the facts. I'd say 80 to 85 if it were stock.
The 30% value only counts towards someone that is interested in buying a modified vehicle. I sort of said that but not maybe in a specific way. I agree that a modified vehicle would be LESS valuable to many potential buyers. Which is why I said his list of potential buyers would be fewer even at $75K because it is modified. To a VERY small percentage, meaning someone who is looking for a built car, $80-85K would be worth it. But this would likely take quite a long time to sell as not many people would be looking for this.
Melting Slicks
Joined: Jun 2019
Posts: 2,069
Likes: 951
From: near philly
I'm sure there's a guy out there looking for those specific mods, but finding those few people in the market right now and in a reasonable distance to the car makes it so tough with mods.
