Corvette Performance
C5 | Z06 | C6 | ZR1 | C7

found a corvette.. is this a good deal?

Thread Tools
 
Search this Thread
 
Old 05-21-2012, 12:02 AM
  #1  
TECH Regular
Thread Starter
iTrader: (3)
 
rio95cobra's Avatar
 
Join Date: Jun 2008
Location: Atlanta
Posts: 465
Likes: 0
Received 0 Likes on 0 Posts

Default found a corvette.. is this a good deal?

http://atlanta.craigslist.org/wat/cto/3027548549.html

yeah im pretty sure its a good deal! im not sure if its a stick or automatic... but what Im more interested in is, IS THIS FLIPPABLE?

I really want a c6, and im just saving up little by little to get one so I wont have to finance. So if i can flip this thing and sell it for 12,000... does that sound do-able?

assuming the car is clean and zero problems/clean title.

its in my town
Old 05-21-2012, 12:13 AM
  #2  
TECH Regular
Thread Starter
iTrader: (3)
 
rio95cobra's Avatar
 
Join Date: Jun 2008
Location: Atlanta
Posts: 465
Likes: 0
Received 0 Likes on 0 Posts

Default

what could I realistically sell this car for? what would a quick sale price be and whats the most i could probably get for it?
Old 05-21-2012, 08:43 AM
  #3  
11 Second Club
iTrader: (8)
 
jay_rich's Avatar
 
Join Date: Mar 2007
Location: Windsor, Ontario Canada
Posts: 569
Likes: 0
Received 3 Likes on 3 Posts

Default

To give you an idea I paid 12,600 for mine 2 years ago with 92K, and rims/exhaust

Jay
Old 05-21-2012, 09:26 AM
  #4  
TECH Fanatic
iTrader: (6)
 
Dark SS's Avatar
 
Join Date: Sep 2008
Location: Illinois
Posts: 1,139
Likes: 0
Received 1 Like on 1 Post

Default

Over 100K on a Vette is like a reselling death sentence. Over 50K and the value drops.
Old 05-21-2012, 10:04 AM
  #5  
TECH Junkie
iTrader: (6)
 
bad_408_vert's Avatar
 
Join Date: Jan 2009
Location: Queens, NYC
Posts: 3,409
Received 9 Likes on 9 Posts

Default

Flipping for 2k profit sounds like a waste of time to me for what it sounds like car with certain age and certain miles will have some issues.
Old 05-21-2012, 01:18 PM
  #6  
TECH Regular
Thread Starter
iTrader: (3)
 
rio95cobra's Avatar
 
Join Date: Jun 2008
Location: Atlanta
Posts: 465
Likes: 0
Received 0 Likes on 0 Posts

Default

Well I figure 2 grand is 2 grand.. aka FREE MONEY. I probably don't make a fraction of what most of the Corvette owners on this forum make.. so if I can flip it and make 20%, I will. I was just wanting to know yalls opinion if its worth 12 or not
Old 05-21-2012, 04:37 PM
  #7  
On The Tree
 
SCULLYJR's Avatar
 
Join Date: Jun 2009
Location: Morgan City,Louisiana
Posts: 130
Received 1 Like on 1 Post

Default

hell of a deal if it's clean and been kept up i'd buy it.
Old 05-21-2012, 06:21 PM
  #8  
TECH Junkie
iTrader: (6)
 
bad_408_vert's Avatar
 
Join Date: Jan 2009
Location: Queens, NYC
Posts: 3,409
Received 9 Likes on 9 Posts

Default

get the car checked out and make your decision.

In my area close to 100k fbodies are being sold for $8-10k, so a c5 with same miles can probably can easily be sold for $12k-$14k.
Old 05-21-2012, 07:33 PM
  #9  
TECH Regular
Thread Starter
iTrader: (3)
 
rio95cobra's Avatar
 
Join Date: Jun 2008
Location: Atlanta
Posts: 465
Likes: 0
Received 0 Likes on 0 Posts

Default

It needs tires.. the run flats sound like mud tires! I mean they ROAR. Needs a few other small things. I'm trying to decide
Old 05-23-2012, 12:24 PM
  #10  
On The Tree
iTrader: (4)
 
whitesmokels1's Avatar
 
Join Date: Aug 2004
Location: Greenville, Texas
Posts: 132
Likes: 0
Received 0 Likes on 0 Posts

Default

looks like a great deal.... if you were going to buy it to drive. But you've got taxes and tires run 800+ so making 2k gets a little hard. But verts bring a premium, especially if its a 6 speed, you wouldn't be stuck with it. There's just too many variables to try to come out ahead.
When I bought my '98 coupe two years ago with 120k miles, I put about $2K in it in the first month replacing regular wear-out items and just small things to get it back in good condition. Since then, I wont even begin to add up the money I've spent on mods.

If i were to buy a 100k mile C5 to flip, I wouldn't be willing to give much more than 8k.

also get a Carfax on the VIN, if a wreck shows up walk away, you wont be able to give it away.
Old 05-24-2012, 09:30 AM
  #11  
On the tree
 
Sneakyws6's Avatar
 
Join Date: May 2004
Posts: 643
Likes: 0
Received 0 Likes on 0 Posts

Default

If you have to replace those tires expect to drop about $1500 on a new set. There goes your profit margin right there.



Quick Reply: found a corvette.. is this a good deal?



All times are GMT -5. The time now is 04:52 AM.