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found a corvette.. is this a good deal?

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Old May 21, 2012 | 12:02 AM
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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
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Old May 21, 2012 | 12:13 AM
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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?
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Old May 21, 2012 | 08:43 AM
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To give you an idea I paid 12,600 for mine 2 years ago with 92K, and rims/exhaust

Jay
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Old May 21, 2012 | 09:26 AM
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Over 100K on a Vette is like a reselling death sentence. Over 50K and the value drops.
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Old May 21, 2012 | 10:04 AM
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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.
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Old May 21, 2012 | 01:18 PM
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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
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Old May 21, 2012 | 04:37 PM
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hell of a deal if it's clean and been kept up i'd buy it.
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Old May 21, 2012 | 06:21 PM
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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.
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Old May 21, 2012 | 07:33 PM
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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
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Old May 23, 2012 | 12:24 PM
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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.
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Old May 24, 2012 | 09:30 AM
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If you have to replace those tires expect to drop about $1500 on a new set. There goes your profit margin right there.
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