Need Advice
Thread Starter
Racer
Joined: Nov 2005
Posts: 257
Likes: 0
From: GLENDALE CA
Need Advice
I HAVE A 2006 Z51 COUPE FULL LOADED BAYBED 2 TOPS CHROME RIMS RED CALIPERS CATBACK CARBON FIBER STUFF AND CALLAWAY INTAKE .STICK 4000 MILES. ITS A LEASE IAM GETTING A 2007 Z06 I TOOK MY CAR TO CARMAX THEY OFFERD MY 45000 MY PAY OFF IS 47000 IS THAT A GOOD OFFER OR I CAN SALE IT FOR MORE ON EBAY OR RECYCLER 
Melting Slicks
Joined: Jan 2005
Posts: 2,923
Likes: 1
From: The Corner of No and Where Arkansas
St. Jude Donor '05-'06-'07-'10
This is a little tough and I am no expert by any means. The price does seem a little low but not by much. 47K maybe. You can hold onto the car for another 3 or 4 months and get rid of it by selling it your self (maybe again). But if you do that I bet your payment will eat up that 2 or 3 grand your dickering over.
Good LucK
Good LucK
Racer
Joined: Jan 2001
Posts: 414
Likes: 0
From: Centerville Ohio
Take the 45K. Check the completed listings on Ebay and I think you will conclude that it's unlikely you will do better than that there. Sometimes a quick sale to an "able" buyer is worth a couple grand all things considered. Good luck!
Advanced
Joined: Jul 2006
Posts: 59
Likes: 0
From: Chuluota Florida
I check out Carmax when I was going to trade in my truck they gave me a really low trade in value. The guy there said that they price at whole sale or close to it so, you would do much better selling on your own. I have been watching Z06's on ebay and they go for a lot more than that on there! Good luck!
Burning Brakes
Joined: Nov 2005
Posts: 804
Likes: 3
From: San Francisco Ca.
If I read the original post correctly, then NO you cannot sell it for any amount. There is 3 words stuck in the middle " IT'S A LEASE". And if I did read it wrong, I'd say go for it. The 2 G's you can probably negociate off the next ride.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Top 10 Corvette Engines RANKED by Peak Torque (70+ Years of Muscle!)
Joe Kucinski
Corvette ZR1X Will Be Pacing the Indy 500, And Could Probably Race, Too!
Verdad Gallardo
Top 10 Corvettes Coming to Mecum Indy 2026!
Brett Foote
Top 10 C9 Corvette MUST-HAVES to Fix These C8 Generation Flaws!
Michael S. Palmer
Pro
Joined: Dec 2004
Posts: 530
Likes: 2
From: Colorado Springs CO
Originally Posted by jesse12804
Rediculous to think u can do better than 45 grand on trade!!!!45 GRAND X WHATEVER YOUR tax rate is.. is what you're actually getting!!It's an 05,you're doing good at that #!!
Check out this website http://usedcorvettesforsale.com/ to get a good feel for what others are asking for similar vehicles - currently has 61 C6s listed (by the way, I hope you know that all of your mods don't mean diddley to a dealer and most buyers; i.e., you essentially will get NO dollar credit as far as they are concerned for these items, so I would remove everything you can [assuming you still have the stock parts] and sell those on eBay or transfer them to the new car rather than leave them on the vehicle and get almost zero return for your investment - just a thought!). HTH.
Safety Car
Joined: Jul 2001
Posts: 4,456
Likes: 6
From: Spicewood, Texas, USA TX-Texas
Originally Posted by rdm1465
If I read the original post correctly, then NO you cannot sell it for any amount. There is 3 words stuck in the middle " IT'S A LEASE". And if I did read it wrong, I'd say go for it. The 2 G's you can probably negociate off the next ride.
Unless the agreement states otherwise, you have a contract to make monthly "payments" for a stated period of time for the use of the "equipment". At the end of the contract period, you generally have to return the "equipment" to the lessor in good condition excepting "reasonable wear and tear". This is true on other large equipment leases. I am not sure about typical car leases...I never leased one because the financials never made sense for me.
You may have the option to purchase the "equipment" at the end of the contract period, but the residual payment is typically more than what you would pay on the open market anyway. Unless otherwise stated, a lease is not a time payment purchase plan...you would have to buy the car from the lessor in order to sell it. Here's the test: If you don't possess the original title to the vehicle, you can't sell it without the lienholder's release...and the only way you're going to get the lienholder's release is to pay what he asks.
Last edited by JmpnJckFlsh; Jul 22, 2006 at 02:01 PM.