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Buying a Corvette - 10 Common Myths
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1. Corvettes are great investments

Watch out with this one. Most Corvettes show little return based on their original purchase price. Even those that may deliver nice returns, when one factors in inflation over the years of ownership, they do not appear so great. Buy and enjoy your Corvette rather than worrying about how much they are worth now and in the future. Usually older Corvettes will not depreciate as fast, so if not losing much money is your top priority, I suggest you consider buying an older model.
2. Only look for original and non-modified Corvettes
Many owners who modify their Corvettes do it to make them do what the Chevy engineers may have avoided. Even Corvettes are compromised for certain areas like smooth driving, good gas mileage, and a fixed amount of options. Some owners auto cross theirs, others enjoy an occasional trip to the drag races, while others may choose to personalize theirs with custom wheels and tires.

These actions do not make them less valuable or more valuable either. It all comes down to the buyer's preferences. My only advice is to carefully consider when some of these modifications may be on the extreme side. If you want to enjoy an occasional drive in your Corvette, a race modified motor or track tuned suspension may not be to your liking.
3. Low mileage ones are your best choice
When choosing between two similar Corvettes this may make sense. But you may discover that many owners of higher mileage Corvettes perform proper maintenance on a scheduled basis versus owners of low mileage ones. This prudent action allows their higher mileage Corvettes to exceed 150,000 miles or more without any major expenses. Some lower mileage Corvettes owners may lose interest and get lazy with the maintenance schedules resulting in an increased risk to the next owner of them.

Regardless of the mileage, it always is wise to have a mechanic or a Corvette expert take a good look at any Corvette you may be consider purchasing. I have known some buyers to have good luck with higher mileage Corvettes versus the lower mileage ones who unfortunately found theirs to need serious mechanical attention.
4. For pricing info consult other Corvette owners
Careful here also. Many Corvette owners feel their Corvette is worth a great deal, but think others Corvettes are worth less than theirs. Call it human nature. It always comes down to these simple and basic principles - what the buyer is willing to spend and what the owner is willing to accept. Most times a fair compromise can be reached whenever both parties are realistic.

Pricing is very fluid and you would be wise to check out many reputable sources for the most up to date and accurate pricing guides. There are many online sources (listed in my Cool Links Section), Corvette publications, and the standard ones like Kelly Blue Book, Edmunds, and the NADA pricing guides.
5. Corvettes for sale in good are always available
Once again this one is not so. There are usually many Corvettes for sale but the majority does not represent great values. My observations say that it takes time and work to find the best Corvette for your dollar. Do not fall for the fatal trap of immediately buying the first Corvette you look at either.

Take your time, do your homework (visit web sites like this and the ones in my Cool Links section), and be prepared to walk. Consider joining a local Corvette club or the National Corvette Restoration Society to get good advice and assistance on buying a Corvette. Corvette shows are another great place to locate a good Corvette for a fair price too. It's not a fast and easy task to accomplish, but the rewards can be substantial if you follow this proven strategy.