Rental...yay or nay?
Rental...yay or nay? I'm looking at picking up a 1998 C5 Corvette. It's a 6speed,torch red w/ black interior. Mods are Corsa Exhaust and VR Vortex intake. I've yet to make the trek 70 miles to go see it, but they are asking 22k (53k on the odometer) for it. Looks awesome and exactly what I'm looking for, but the carfax report says that at one time in it's life it was a rental. Would it be my best interest to stay away from this C5?
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Joined: Feb 2005
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From: Maypearl, TX
Really, man, you can definitely beat that price! And I agree with assassin; anyone who rents a vette, isn't just renting for the economy. Know without a doubt that 90% of the people who rented that car "tried it out" every chance they could! That being said, I'd Run away too. Much better deals out there.
I'm having a SUPER tough time trying to find a good deal on Corvette. I'm trying to find something under 20k, but since I don't have cash to pay for the vette, I have to find one at a dealership so I can get financing. I've seen maybe 2 or 3 vettes in the last month for sale for under 20k up here in Washington and all of them have been private sellers. Absolutely frustrating!!
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12 Second Club
Joined: Feb 2005
Posts: 1,201
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From: Philadelphia
Originally Posted by Assassin
stay far away @ that price, should be in the 16k range, I know all too well how those rentals get abused..... imagine your worst car abuse nightmare coming true, yea, its that bad...!
Staging Lane
Joined: Apr 2006
Posts: 50
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From: BLUE ISLAND, IL
Originally Posted by longdaddy
hit up the banks, credit unions, try e-loan, etc. the loans are out there, just like the good vette deals 
Rental I would stay away.
The car's price is inflated, but not unreasonable.
You guys need to show me where you can find a '98 6 speed with 53k miles for $15k...it's not happening.
A more fair price would be in the $18k range.
The car's price is inflated, but not unreasonable.
You guys need to show me where you can find a '98 6 speed with 53k miles for $15k...it's not happening.
A more fair price would be in the $18k range.
Originally Posted by 97Birdofprey
I'm having a SUPER tough time trying to find a good deal on Corvette. I'm trying to find something under 20k, but since I don't have cash to pay for the vette, I have to find one at a dealership so I can get financing. I've seen maybe 2 or 3 vettes in the last month for sale for under 20k up here in Washington and all of them have been private sellers. Absolutely frustrating!!
TECH Fanatic
Joined: Feb 2005
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From: Maypearl, TX
Originally Posted by keliente
www.capitalone.com you can get financing there and you won't have to go through a dealer. Fill out their questionaire, they run your credit and they approve you for a certain amount. Then they send you a blank check that you can write out for up to whatever amount you were approved for. Their rates will probably be better than most dealers anyway and they are awesome to deal with.
I've also worked with Cap One Auto financing in the past. Very good experience with them.
Originally Posted by 97Birdofprey
I'm having a SUPER tough time trying to find a good deal on Corvette. I'm trying to find something under 20k, but since I don't have cash to pay for the vette, I have to find one at a dealership so I can get financing. I've seen maybe 2 or 3 vettes in the last month for sale for under 20k up here in Washington and all of them have been private sellers. Absolutely frustrating!!
Well I just applied for a loan through capital one.....*crossing finger*!!! Should know what happens in a few. Thanks for the good advice everyone and hopefully you'll be welcoming me into the Corvette Club soon.
Well I quickly got shot down for a 20k loan from capitol one (made a lot of credit mistakes in my younger days). So I decided to email an offer to the dealership w/ the rental Corvette. I emailed him w/ an offer of 18k. He actually emailed me a response of "I'm not even going to dignify that offer with a response. Thanks for the email". Not sure how this guy sells cars or even makes it through life, but on goes my search for my first C5
Originally Posted by 97Birdofprey
He actually emailed me a response of "I'm not even going to dignify that offer with a response. Thanks for the email". Not sure how this guy sells cars or even makes it through life, but on goes my search for my first C5
Honestly though I am not surprised. If you were sitting at that dealership, credit approved, they would probably be more willing to talk. I would guess they get plenty of offers from people who aren't at all serious, so they just brush them off.