Trade-in value
#1
Le Mans Master
Thread Starter
Trade-in value
Spoke with dealer today about buying Z06 and trading my 2015 Z51 list for 69740, was offered 55000 and 1500 of Z06. Will pass and wait till I can get a reasonable discount on Z06. 27000 diff not happening in this life time. Will look at 2013 Z06 or Zr1.
I regret getting rid of my 2012 Z06.
z51vett
Doug
I regret getting rid of my 2012 Z06.
z51vett
Doug
Last edited by z51vett; 12-09-2014 at 04:30 PM.
#2
Melting Slicks
First year is a tough hit for sure. I am in the same boat as you, but kind of glad not getting the first year Z. I think they will work out some kinks, and we can go into a 2016 with supplier pricing and sell our 2014's out right.
#3
Instructor
Spoke with dealer today about buying Z06 and trading my 2015 Z51 list for 69740, was offered 55000 and 1500 of Z06. Will pass and wait till I can get a reasonable discount on Z06. 27000 diff not happening in this life time. Will look at 2013 Z06 or Zr1.
I regret getting rid of my 2012 Z06.
z51vett
Doug
I regret getting rid of my 2012 Z06.
z51vett
Doug
#4
Exactly. If one paid list or received only a nominal discount, then don't be shocked come trade-in time... unfortunately but it is what it is, the dealer will lowball most of the time on C7 trade-ins... they have to in order to resell or wholesale it out and not take a loss. Be prepated to bring lubricant, sorry to say.
The ones that'll reap the most (or lose less )are those who got employee pricing or received a significant discount off msrp.
The ones that'll reap the most (or lose less )are those who got employee pricing or received a significant discount off msrp.
#5
Le Mans Master
Thread Starter
I bought at good discount but they looked at invoice and knew what I paid and under cut that. Got car August 23, not quiet 4 months old and 14740 hit is big knew I would take hit trade my z thinking it would lose to much value to keep it lee me see one of 472 or one of 38000. I use to trade for 3000 a year diff.
z51vett
Doug
z51vett
Doug
#6
Race Director
Member Since: Oct 2005
Location: I speak the truth. Harsh but accurate. The Woodlands Texas
Posts: 10,097
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St. Jude Donor '09-'10
I bought at good discount but they looked at invoice and knew what I paid and under cut that. Got car August 23, not quiet 4 months old and 14740 hit is big knew I would take hit trade my z thinking it would lose to much value to keep it lee me see one of 472 or one of 38000. I use to trade for 3000 a year diff.
z51vett
Doug
z51vett
Doug
#7
Le Mans Master
Simple.....drive off the lot, it's now a used car and down 20% in value
#8
Based on historical resale of the C6 z06, does anyone have any thoughts on what a 2015 Z06 will be worth in spring 2017? I intend to keep mine 2 or 3 years and then move on to something else. Blade Silver, MT, 2LZ pack with carbon trim, exposed carbon roof. no extra aero or z07 package, I think sticker is in the 85k range roughly - paid full MSRP.
#10
Here is some data for you. I paid MSRP for my C7 Z51 3LZ in June to the tune of $71K. Carmax (which usually beats any dealer trade-in offer I've received) offered me $53K this week for it. I actually spoke to the appraiser and she said that she loved the car but did some research and this is what they have been paying for C7s at auction in PA so she couldn't offer more.
Fortunately, the dealer offered significantly more in trade towards the C7Z even though I am paying MSRP for the car. So I feel like in the end it's a pretty good deal especially when you figure that there will be price increases coming along with those future discounts and my Z51 certainly won't be appreciating. So the cost delta from my current Z51 to Z06 will only get bigger and I'll get that many more months of enjoyment.
Fortunately, the dealer offered significantly more in trade towards the C7Z even though I am paying MSRP for the car. So I feel like in the end it's a pretty good deal especially when you figure that there will be price increases coming along with those future discounts and my Z51 certainly won't be appreciating. So the cost delta from my current Z51 to Z06 will only get bigger and I'll get that many more months of enjoyment.
#11
Le Mans Master
55k isn't a bad trade in offer if you take into account the supplier discount people are getting.
I'm in the process of ordering a 2015 stingray DSOM, 2lt, z51, mag ride, comp seats, carbon interior, few other little things for 64k. With the 1200 off that puts you losing 7,800.00 on a used car.
Dealer will have to price it about 58-60k and it will take a person that want those options to buy it instead of spending a little more for exactly what they want and a new car with 3 miles on it.
Is the dealer making money on both ends, he'll yes that's why they are in business. Are they taking you behind the shed and doing you dirty, I don't see it like that.
I traded in my 2012 camaro as one year later with 9k miles on it and took a 12k loss.
I'm in the process of ordering a 2015 stingray DSOM, 2lt, z51, mag ride, comp seats, carbon interior, few other little things for 64k. With the 1200 off that puts you losing 7,800.00 on a used car.
Dealer will have to price it about 58-60k and it will take a person that want those options to buy it instead of spending a little more for exactly what they want and a new car with 3 miles on it.
Is the dealer making money on both ends, he'll yes that's why they are in business. Are they taking you behind the shed and doing you dirty, I don't see it like that.
I traded in my 2012 camaro as one year later with 9k miles on it and took a 12k loss.
#12
Melting Slicks
Here is some data for you. I paid MSRP for my C7 Z51 3LZ in June to the tune of $71K. Carmax (which usually beats any dealer trade-in offer I've received) offered me $53K this week for it. I actually spoke to the appraiser and she said that she loved the car but did some research and this is what they have been paying for C7s at auction in PA so she couldn't offer more.
Fortunately, the dealer offered significantly more in trade towards the C7Z even though I am paying MSRP for the car. So I feel like in the end it's a pretty good deal especially when you figure that there will be price increases coming along with those future discounts and my Z51 certainly won't be appreciating. So the cost delta from my current Z51 to Z06 will only get bigger and I'll get that many more months of enjoyment.
Fortunately, the dealer offered significantly more in trade towards the C7Z even though I am paying MSRP for the car. So I feel like in the end it's a pretty good deal especially when you figure that there will be price increases coming along with those future discounts and my Z51 certainly won't be appreciating. So the cost delta from my current Z51 to Z06 will only get bigger and I'll get that many more months of enjoyment.
Last edited by fasttoys; 12-10-2014 at 11:35 AM.