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realistic trade in value

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Old 08-21-2005, 08:06 PM
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TXblkc6
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Default realistic trade in value

what is a typical trade in value for a new vette with alot of options and under 2 thousand miles. thinkin about doing it and wanted to see if i would even get close to what i wanted.
Old 08-21-2005, 08:09 PM
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C6Harley
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a lot of options is a very loose term.
Old 08-21-2005, 08:10 PM
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mpuzach
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I can assure you, you won't get close to what you want. Trust me.
Old 08-21-2005, 08:11 PM
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OHSIXX
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I take it you have soured on the vette. Why?
Old 08-21-2005, 08:22 PM
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Hoonose
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Originally Posted by TXblkc6
what is a typical trade in value for a new vette with alot of options and under 2 thousand miles. thinkin about doing it and wanted to see if i would even get close to what i wanted.
You can get an idea online, like Edmunds or Kelly Blue Book. Find your car and options under trade-in-value.
Then take off just how many thousands you think your dealer's gunna rip you off.
I'm sure you'd do better selling it on your own. Check out Vettehound.com. I'd bet you're looking at upper 40's.
Old 08-21-2005, 08:31 PM
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c64lucky
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Originally Posted by TXblkc6
what is a typical trade in value for a new vette with alot of options and under 2 thousand miles. thinkin about doing it and wanted to see if i would even get close to what i wanted.
What do you want for it?

Unfortunately, It isn't new anymore. It's a Used Car.

Consider all Fee's like Tax, Lic., Doc Fee's Money spent.

Then Knock off About 20% From Dealer Invoice & you're in the Ball Park.

There has to be an incentive for someone to buy a Used Car over a New Car. The dealer has to make a profit. Since there probably isn't a Book Value he has to make an educated gues as to what the Market will Bear. It always comes down to Money.

C64Lucky

PS Eliminate the Middle Man & sell it yourself!

Last edited by c64lucky; 08-21-2005 at 08:32 PM. Reason: mo' info
Old 08-21-2005, 08:41 PM
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Hoonose
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Originally Posted by c64lucky
Since there probably isn't a Book Value he has to make an educated gues as to what the Market will Bear. It always comes down to Money.C64LuckyPS Eliminate the Middle Man & sell it yourself!
There's book value now. On Edmunds online it's roughly $45K trade-in and $47K to a private buyer. (For a generally loaded and perfect coupe with about 2000 miles.)
Old 08-21-2005, 10:50 PM
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Diocles
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Go to CARMAX and get a quote, no commitment and they usually will pay more than a dealer.
Old 08-21-2005, 10:54 PM
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BRCC
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Originally Posted by Hoonose
There's book value now. On Edmunds online it's roughly $45K trade-in and $47K to a private buyer. (For a generally loaded and perfect coupe with about 2000 miles.)
That's all well and good, but Edmunds only calculates on a percentage of value. Realistically the value is based on the locality and market. As far as trade-in the dealer wants to make a profit on the value he pays.

I would estimate if a 2005 cost $51K (MN6,1SB,Nav) before T&L, and it had say 5K miles you would get $40K ~ $42k trade in. There are some dealers selling close out 05's (New)starting at $42.9 base plus options. Regardless what you think yours is worth thats the facts. You can try to sell on your own but considering tax, paper work and hastle it's up to each individual. Good luck
Old 08-21-2005, 11:17 PM
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TXblkc6
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I believe it's best to get out of the vette early while it has little miles. Lots of options means everything but nav and clear top. I'm shooting for 46or 45 selling or trading. My local dealership is not the best one to work on vettes so it's becoming a little bit of a headache for me.
Old 08-22-2005, 08:05 AM
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just remember to add the tax savings in if you trade.....sometimes it is so close that it does not pay to sell and deal with all the hassles that goes with that
Old 08-22-2005, 09:34 AM
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Blk03Z06
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Default Trade In Value

Value of that vette is low 40's in a private sale scenario. Knock off another 15-20% for a trade in. The value may depend somewhat on what you are trading for.
Old 08-22-2005, 09:39 AM
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You should get somewhere in the low 40's and mid 40's if you sell it yourself.
Old 08-22-2005, 09:47 AM
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bangbgC6
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Based on stickers like this you should be able to get what you paid plus a premium.

This picture was taken this morning 8/22/05.

Old 08-22-2005, 10:26 AM
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YOU HAVE MAIL

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