sanantguy

Are you under the impression that 1 year old cars are not sold all the time? Or am I missing something here?

mjw930

The chances of getting MSRP in 1 year is somewhere between slim and none. But it's entirely possible, if you get a 10% discount coming in, to sell in your C7 in one year with less than 5000 miles on the clock and at least get your money (minus tax and tags) out of the deal.

Remember, less than 5% of the C7 owners are members of any of the internet sites and unless you are online you won't know about the huge markdowns the top 5 dealers are making. If Mr. John Q. Public is shopping their local dealerships most are being told MSRP and in some cases it's still MSRP+.

If you are willing to wait and market your car correctly I see no reason a 1 year old C7 can't go for 90% of MSRP, just not to anyone on this site

sanantguy

That is exactly my point. Actually probably more like 1% corvette owners are online. The vast majority pays msrp and up.

No, not to anyone on this site, but who cares! 99% of corvette would be owners are not on this site!

I say do a search right now on cars.com. Take a look at the going prices.

musclecar6

Zero. Either you're not making clear what you are suggesting or you're nuts. In your example of the 1LT purchase for roughly $50,000, why would anyone pay you a year later msrp, which is say $56,000. You'd get more like $40,000 for your 1 year old 1LT.

sanantguy

Outstanding. Then please please show me a 2014 1LT for 40K with 10k miles on it. I would buy that right now.


No, I'm not kidding.

CriticalmassGT

It's not. KBB, NADA, and Black Book factor in discounts when pricing used cars. Plus, when you drive it off the lot you lose 20% right from the get-go.


All prices you see online are negotiable. Anyone who actually expects to get that price is selling a collectible classic. Used cars HAVE become more expensive over the years because people were keeping their cars a lot longer, so the used car pickings became slim, but the last 3 years or so that has no longer been the case, though they will try to tell you different. The average car owner kept their cars for 8 years from 2006-2012. Up from 5 years. Now it's dropping again.

Corgidog1

Yeah you are missing the part about selling it at MSRP which you feel you can.

sanantguy

My question. Is how close to MSRP would it sell for most likely. I don't know what it would sell for, which is why I asked.


And once again. If anyone knows of a 2014 base automatic on sale for 40k please let me know.

xwing

Zero percent chance.

If they are going for 10% off MSRP at new, they will be going for significantly less used. I would expect you to lose ~20% at least if you sell the car after 1 year, even assuming perfect condition, low miles, etc... And that is in the best of scenarios (e.g. private party, not in a hurry to sell, etc...)

And someone asking a crazy amount on cars.com doesn't mean they're actually getting that amount.

The C7 is a nice car, but it will not appreciate in price. They make far too many of them. It will depreciate, the same as any other car.

Corgidog1

My guess is that with someone unfamiliar with Corvette pricing-you could get maybe 4-5K off MSRP if you were able of convince the fish, err person, that the C7 was selling at or above MSRP and they really liked the color/options on your car. And 4-5K off MSRP is being very optimistic.

sanantguy

even blue book on a 1LT 2014, auto with 10k miles is $51,664 in good condition

RedC7AZ

20% when driven off lot is an old saying that does not apply to C7s. As long as GM keeps raising MSRP this helps resale values on used C7s. Example: No way anyone is getting a used 2014 C7 that initially stickered for $70k and can be identically reproduced today as a new 2015 for $74-$75k, for $56k. Low $60s is realistic.

NormR

Last day to place an order for a 2015 is April 23, "IF" your dealer has an allocation and your order is not impacted by constraints.

I just received a call from my local dealer last week, he just got an allocation for the first time in the past several months; however, he could not order a base roof which is what I requested. I have decided to wait for a 2016, wife is going in for spinal surgery and she is a bigger concern at this time.

sanantguy

My point exactly. It's very common to see low mileage vettes for 40k from 2010, or even further back. They hold their value very well

sanantguy

so can anyone point me to a 45k 1lt 2014?

10mm_

http://www.autotrader.com/cars-for-s...93969304&Log=0

There's one for 49, and that's at a dealer which is usually more money than private party.

As others have said there is a 0% chance of you selling it for msrp a year later.

sanantguy

I'm cool with not being able to sell it for msrp a year later, since I won't pay msrp in the first place (and don't want to sell it) And I'm looking for an auto.

CriticalmassGT

The worst depreciation hit comes in the first 3 years of ownership I believe. So the hard and short answer is no. you won't get close to MSRP for a 1 year old vehicle.

Like I said. As soon as you drive it off the lot, you are taking a 20% hit (and that's being generous, for most cars it's closer to 25%).

BigKitty

why would someone buy a vette with a 60000 warranty?Boycott GM

crawfish333

I did the same and got supplier pricing. I actually found 2 local dealers who would honor supplier pricing on an ordered car. I elected to go with the dealer who had purchased my C6 since he could use that amount for "trade in credit" and save me 1100 on my sales tax. If a person is going to buy a car from a forum dealer out of stock, he would also have to pay for transportation from the dealer to his home. There are advantages both ways, but it was simpler for me to visit the dealer and order my car.