2000 C5 Corvette

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Apr 20, 2021 | 05:33 PM

JohnnyLS1

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2000 C5 Corvette

I have not been on this site since I sold my heavily modded WS6, and I am now back on this site regretfully. My father passed away a few months ago and my mother would like me to see what his corvette is worth. I really wish I had the space and time to enjoy it, but I don't. It is a 2000 C5 vette, navy blue metallic, 81K miles. He bought the car from Turners Automotive in Rochester NY with about 23K on the odometer. Since he retired he enjoyed driving it down to Florida for a month each winter. The car is extremely clean as he never modded much of anything. It has a ram air kit and a new Corsa exhaust. It was tapped in the rear a year after he got it and his agent (buddy) thought he needed a new exhaust. The drivers seat needs a bit of work but is fine to drive in, just not perfect. The car is located in Elmira, NY. KBB shows 12,500-15,000. Any idea how accurate that would be here. I want it gone so I don't have to think about it.

john

Apr 20, 2021 | 05:47 PM

NC01TA

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From: Western North Carolina

C5 prices have hit a low point unfortunately. The C4 Corvettes have gone through this phase for many years now and unfortunately it's the C5's turn. Even the early 2005 - 2007 C6 Corvettes with the LS2 are reaching the bottom price curve.
The real nice C5 examples with ultra low miles or a specialty edition will always bring the $$$ but your 'average' C5 is right in the price range you mention.. Wonderful cars but too many built with too few buyers when the miles add up. That keeps the cost down.
Sorry about your father. It is a shame you can't put the car away for yourself in the future instead of selling at a low price. Good luck with everything.

Apr 21, 2021 | 01:39 AM

RPM WS6

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From: Schiller Park, ILL Member: #317

I agree with NC01TA. It's really a buyer's market for the C5 right now, and they are often a better overall deal than some LS1 F-bodies in the present. For an average example in that mileage range, I think that KBB is pretty much on target.

FWIW, not even the super low mileage ones are necessarily worth "big" money, at least not relative to their MSRP. There is a very nice, well optioned '04 in my area with just 7k miles that's been for sale for quite some time at a dealer for $28k. Just no takers. It seems to be hard to move any C5 that isn't a Z06 for much over the mid-20k range, even with such low miles. So for an earlier model like a 2000 (2001-'04 being more desirable) with 81k miles, you can imagine how hard it would be to get anything past the mid-teens at best. For example, here's another early C5 (1998) with just 37k miles for $17.9k:

https://chicago.craigslist.org/nch/c...309650379.html

This ad has been posted a couple of times before, so I don't expect the car to be grabbed up quickly this time either. If it was a couple thousand less it would probably sell pretty quickly (in fact I think I'd go check it out myself at that point, though I don't really want black or a pre-'01) but that's for a 37k mile example. At 81k, it's going to need to be even more attractively priced to sell quickly (if that's the goal, as implied).

Apr 22, 2021 | 08:02 PM

440_Stroker

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I grew up not far from Elmira.

I know that area well.

Is it a manual or auto? I might know a few guys who would buy it quick if it's a good price.

Apr 22, 2021 | 09:35 PM

Woodylyf767

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Joined: Dec 2020

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From: Ohio

Manual is worth more. That being said I picked up my 98 with 80,000 miles for 7,500. It was auto and ebcm is bad.

I believe somewhere on KBB I saw something that indicated the average time to sell the car. And I believe the average time on market was about 9 months.

Hope this helps a bit