Fair price for a 1984

[Bonefish]

Hello all.

I've always wanted to get a Corvette and when my current lease is up in Sept, I plan to lease a new C5 with 6 speed.

However, my friend just informed me tonight that he has an 84 in storage for many years. It's red on red auto with all options. The car has 6000 miles and never saw rain or sunlight. It's just dusty and he wants 12K for it.

What do you think it's actually worth? I wouldn't mind having it for a few months then selling it when I get the new one.

How are 84s in general? I really wish is was a 4 spd.

Thanks for the help!

 

[Rob]

Welcome to the Corvette Action Center.

Most 1984s go for around $7,000-$9,000 depending upon mileage and condition. Given the low mileage of your friend's '84, it may be a good deal for $12,000.

However, I would be very concerned with how the car was stored if it was stored for many years. Check the condition of all rubber components - hoses, tires, weather stripping etc. Just because a car is stored for many years, doesn't mean that it has held up well.

I'm going to move this into the C4 Tech Forum...

 

[elkabong]

I bought an 84 with 25K that had been stored for awhile. Regardless of this, you need to be careful. Has the run at all, and how was it stored? Depending on the weather conditions be prepared to replace the gaskets in the engine because they may have dried out. Also, be prepared to replace the weather stripping if it has dried out.

Seals and gaskets dry out. As examples I need to replace the valve seals because it sat for 4 years and was started about once every 6 months. Cleaning the gas tank was a PITA. But I got it done. I replaced the pan gasket, rear main seal, and rear diff gaskets. I am still working on the weather stripping.

I am not trying to scare you away. My C4 is great!!!! And the folks here are awesome if you have questions. Just checkout the car before you purchase. If repairs are needed and you are comfortable with what needs to be done then you can go from there.

I spent $250 bucks for the dealer to inspect the vehicle and I received a punchlist of what needed to be repaired (according to the dealer and a their prices). IMHO the money was well spent because I knew what needed to be done, no surprises. I then took bluebook value and subtracted the cost of the repairs to arrive at a price.

This is my first Corvette and I am hooked.