I think I asked about this car before, but I'll keep this short: 1994 C4 convertible, polo green over tan, auto, ~75k. Good customer of mine owns it, and I've serviced it for the last 30k miles. He bought it from an estate and proceeded to replace countless maintenance items from wheel bearings to tires. Most recently, I replaced the water pump, complete Opti-Spark unit, ignition control module, plugs and wires and flushed the cooling system.
He wants $10k, which is hilarious and he knows it. Comps are in the $7-8k range, which to me sets my cap at $6k-ish. I know he paid $4k for the car, and he's put about that into it over the past 4 years or so. As we all know, repairs do nothing for value when you're looking at a run of the mill example, even when it comes to the Corvette.
The way I see it, the C4 is still under-appreciated. In no way would I be buying it as an investment... quite the contrary. I intend to drive it every single time the weather permits and then some. Call it a gut feeling, but the proposition brings me back to the day I picked up my CB900. At the time, the price I paid was more or less market value, but I was buying as an investor not a consumer. 4 years and barely 500 miles later, it's sitting peacefully in the garage printing money. Conservative estimate puts it's value at $5-7k as it sits.
So what say you? 1994 C4 'vert, auto, 75k, maintained but used for $6k. Yay or nay?
He wants $10k, which is hilarious and he knows it. Comps are in the $7-8k range, which to me sets my cap at $6k-ish. I know he paid $4k for the car, and he's put about that into it over the past 4 years or so. As we all know, repairs do nothing for value when you're looking at a run of the mill example, even when it comes to the Corvette.
The way I see it, the C4 is still under-appreciated. In no way would I be buying it as an investment... quite the contrary. I intend to drive it every single time the weather permits and then some. Call it a gut feeling, but the proposition brings me back to the day I picked up my CB900. At the time, the price I paid was more or less market value, but I was buying as an investor not a consumer. 4 years and barely 500 miles later, it's sitting peacefully in the garage printing money. Conservative estimate puts it's value at $5-7k as it sits.
So what say you? 1994 C4 'vert, auto, 75k, maintained but used for $6k. Yay or nay?
