2002 Chevrolet Corvette Z06: And that Number is...
April 29, 2011
A few days ago I asked what you thought was a good asking price for the Z06 that we'll be selling soon. I was pleased to see that most of you took the question seriously and posted some good comments and tips for the selling process. We've been mulling this issue too and here's what we came up with.
While Edmunds TMV is a great starting point, every used car is different and the price needs to be adjusted for local conditions and for the target buyer. We also like to see what our competition is so we go to Autotrader.com and browse the cars already listed for sale. Then we think about how the price is going to look and how the negotiations will go down. For instance, in this case, we want to stay north of $20,000 so we're going to have to build in some wiggle room to allow for haggling. So, with all those factors in mind, here's what we came up with.
Drum roll please. Our asking price is $22,900.
We think we have a strong candidate because, for a 10-year-old car, 58,000 miles is pretty low. Also, we have new tires, water pump and brakes. The paint is in excellent condition and there are, as they say, "no stories" -- nothing that needs to be explained or justified.
So, we'll be posting the car soon on AutoTrader and eBay classifieds, as well as creating a video walk around. Wish us luck in finding a good home for this great car.