Author Topic: 2001 Corvette (Read 2565 times)

firehawk99 · « **on:** November 12, 2004, 03:17:46 pm »

I am thinking of getting rid of my 2001 Covette, its a 6pd with 10 000km but the dealers are offering really bad money as a trade-in. Should I wait until summer, and what do they go for ?

thanks!

Snowman · « **Reply #1 on:** November 12, 2004, 03:25:07 pm »

Welcome Firehawk99…….I don’t know the condition…..but with 10k should be very good. Should be in the mid 40’s….maybe more depending on options….Z-06?

firehawk99 · « **Reply #2 on:** November 12, 2004, 03:36:20 pm »

no its not a z-06 , but every option except a glass roof. When you say Mid 40's do you mean as a trade in or retail?
Seems like the trade in market in montreal is not to good.

wing · « **Reply #3 on:** November 12, 2004, 03:38:19 pm »

New Vette is out check the autotrader, the C5 is going for very little right now.

Lots of depreciation on a vette.

Drivesideways · « **Reply #4 on:** November 12, 2004, 03:46:38 pm »

Wholesale value in "The Book" for that year with that mileage is between ~$34K and ~$39K minus "reconditioning". Is that consistent with the offers you've been getting from dealers?

firehawk99 · « **Reply #5 on:** November 12, 2004, 04:21:10 pm »

wholesale value you've mention is about right...dealers don't go over 37k and some try for 30k. The issue I have is , if they give me black book value for my car , i should be able to give them black book + 4->5% or their car?

also, If i wait until the summer can I get more? I realize the C6 is out, but its base price is 72k.

Drivesideways · « **Reply #6 on:** November 12, 2004, 04:30:36 pm »

Isn't that what most people are trying to do on the new car, get the dealership as close to a wholesale price as possible? On the trade-in their position is...you want retail value on your car? FIll yer boots...sell it yourself. They're pretty much in the driver's seat on that one. Especially if it's something they think they'll have trouble moving.

johngenx · « **Reply #7 on:** November 12, 2004, 04:37:02 pm »

The dealer won't be able to turn over that car right now, and might end up sitting on it and risking some serious cash. They can't give you a dime over wholesale unless you're trading in and paying a big sum for some new car that they're making a ton on.

I don't like dealers that much, but I know about business, and they are in it to make moolah. If you want the easy route of trading, you're going to get less for your car, that's just the way it is.

A 2001 Vette can be a tough sell, but it can be an easy sell when the right guy comes along. Make sense? If you want top dollar, sell it yourself.

Sure is a killer selling it with only 10K on the odo, though. That car was about $65K (at least) right? Suppose you get $45K for it, you took a $20,000 depreciation hit. That's $2.00 a kilometer! Not inlcuding gas, insurance, etc. I hope every one of those 10,000km's was pure bliss...

Drivesideways · « **Reply #8 on:** November 12, 2004, 04:42:10 pm »

Yikes, that's ugly math, John! There are definitely cheaper alternatives in the smiles/dollar category. Some may not be as socially acceptable though.

Driver · « **Reply #9 on:** November 12, 2004, 04:48:52 pm »

how about keeping the vette then and save the dough?

dash · « **Reply #10 on:** November 12, 2004, 05:03:17 pm »

Don't forget to consider the tax saving on trade in versus selling privately. Vette's are summer cars, so lousy market $$ right now-dealer will have to finance that stock until it turns over-most likely in the summer.

firehawk99 · « **Reply #11 on:** November 12, 2004, 05:06:57 pm »

Hmm, sometimes it doesn't pay to keep your car in good shape and low kms....

The reason why I wanted to change my car was that I can't drive this car year round. I was thinking of something still in the luxury class, like an 03 audi or something...

Personnally i think the dealer wants to make money on my car and the car they sell me. These guys don't budge on their prices for their used cars

Driver · « **Reply #12 on:** November 12, 2004, 05:10:21 pm »

maybe they'll change their minds during the yearly "stampede" at year-end. hopefully these dealers offer you a better deal come year-end clearance time, to meet their annual quotas.

firehawk99 · « **Reply #13 on:** November 12, 2004, 05:27:36 pm »

The wholeseller said that he had a buyer for the car.I'd buy my own car at that price!

I guess I wait until march and sell then, or have them lower their asking price on their car.

johngenx · « **Reply #14 on:** November 12, 2004, 07:25:41 pm »

Hmm, sometimes it doesn't pay to keep your car in good shape and low kms....

I don't agree, sort of. Good shape, yes. Low kms, no. If your car had 60,000km's on it, it wouldn't be worth much less, but you'd have had 50K more fun with it.

Now, there is a point where mileage really takes a toll on value, and that's where it's really high. I saw a 2000 Accord for sale with 225,000 on the clock. They were asking pretty much what other 2K Accords were going for. Not! That's unusual mileage and kills value.

But, unusually low kms is not something lots of people are willing to pay for.

wing · « **Reply #15 on:** November 12, 2004, 07:41:53 pm »

I agree with John, that's why I started driving my car a lot, makes no sense to hold it at low KM's gets me NOTHING.

I know someone that has like 3000 km on his '00 Vette, says it's an investment he only drives it on weekends and never stops with it.

Pointless.

pikacha10 · « **Reply #16 on:** November 12, 2004, 11:39:04 pm »

just one word that might solve your question of how much you will get for the corvette.

E B A Y

let the people decide how much its worth. dont forget to make a reserve price so you dont get screwed over