What criteria do you use to determine the fair, good, under and over value of a car?

Asked by Aug 10, 2012 at 11:30 AM about the 2001 Chevrolet Corvette Coupe

Question type: General

My question acrually pertains to all cars you have listed. I can not seem to find on your website how you arrive at your opinions. Please advise.

2 Answers

251,065

Under the "FAQ's" link found on the bottom of the page.....What is the "Instant Market Value"? Put simply, Instant Market Value is the estimated fair retail price for a vehicle based on similar listings in the market. We analyze millions of currently listed and recently sold cars to determine the Instant Market Value for a vehicle based on year, trim, mileage, transmission, options, region and other factors.

125

I have owned 26 corvettes in my life. So the main thing about good, is a good running engine with average miles, good to nice interior. A straight body with a few small flaws, that I myself could fix. I have bought good 1973's that had some wear, but was OK, to be seen in. I once bought a 1967 convertible with no interior, and no paint. It was found in a body shop that a guy dropped off many years ago that added ZL-1 flares, hand made front flares, 6 tail lights , missing the lights, and shaved front parking lights. A friend bought it to get the speed control from it and sold it to me for $3100, this was back in the '80's. I painted it, put new interior in it, new tail lights. It was a gorgeous customized 67 , red with a big block hood with a white stripe. Everybody in Virginia, and North Carolina loved it. I auto crossed and showed it for 4 years, and later sold it for $14,000. Been sorry ever since. Most of my corvettes were new so I didn't have to do anything to them except add loud exhaust , and lots of chrome under the hood. I owned the very first C-5 , 1997, in Richmond, Va. One of the first 500 unveiled to the public. Sorry , I sold both of these cars.

Your Answer

Chevrolet Corvette Experts

  • #1
    John Carson
    Reputation
    2,390
  • #2
    Vincent Parker
    Reputation
    1,530
  • #3
    carGrrl
    Reputation
    1,440
View All

Related Models For Sale

Used Chevrolet Camaro
420 Great Deals out of 31,911 listings starting at $2,395
Used Ford Mustang
768 Great Deals out of 42,667 listings starting at $1,300
Used Porsche 911
108 Great Deals out of 4,843 listings starting at $10,894
Used Dodge Viper
6 Great Deals out of 298 listings starting at $26,140
Used Chevrolet Silverado 1500
2,134 Great Deals out of 183,037 listings starting at $1,898
Used Ford F-150
2,235 Great Deals out of 183,025 listings starting at $1,500
Used BMW M3
48 Great Deals out of 1,480 listings starting at $4,990
Used BMW 3 Series
1,053 Great Deals out of 31,680 listings starting at $1,000

Used Cars For Sale

2017 Chevrolet Corvette For Sale
9 Great Deals out of 8,263 listings starting at $45,990
2016 Chevrolet Corvette For Sale
17 Great Deals out of 1,312 listings starting at $42,500
2015 Chevrolet Corvette For Sale
14 Great Deals out of 760 listings starting at $41,200
2014 Chevrolet Corvette For Sale
13 Great Deals out of 853 listings starting at $35,990
2013 Chevrolet Corvette For Sale
19 Great Deals out of 340 listings starting at $23,650

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.