ray925

I just came home from a local lexus dealer with a freind .while i was there the salesman tried to sell me the is-f and would let me trade my 08 c6 coupe and even give me book value a whopping $38,500 for it my car is a 3lt glass roof chrome wheels z-51 6 speed crm with 800 miles he did show me that that is the book value how is this possible i paid $57.000 4 months ago i also called a wholesaler and he came up with the same numbers any input would be great

thegame

Tell him you will give him 38k for his car also.

TRR

It kind of makes you want to puke, but that's the way it is.

TRR

nmerhaut

Have almost same car and dealer offered $40K 2 months ago on a $75K '08 Z06. I laughed and said goodbye. Sell it outright to someone.

not08crmanymore

Well, the vettes are discounted up the wazoo,first off.Even 09's!What you paid 4 months ago has no bearing on it's worth today!

Daytona Bob

57 for an 08 is steep!! Who did that to you?

Anyway if you just bought it 4 months ago. Why do you want to sell it?


I'm sorry to hear of your situation

wildbill ws6/ss

What color. Ill give you 40k right now!

jschindler

The problem goes beyond what the car is "worth" to the buyers who are out there. Cars are moving very slowly right now. Dealers only have the ability to invest $xxx in their inventory. Too many cars and not enough buyers. They would rather invest their inventory dollars in fuel efficient cars that are moving. So yes, you car is "worth" less.

Daytona Bob

The problem is someone screwed him on the front end 4months ago.

Curious to know who the dealer was.

jschindler

See my comments in my post above. They are not trying to insult you, they just would rather not have your car unless they can wholesale is off and make a quick profit on it.

They can use the $50k or more that you car is actually worth to buy about five used economy cars for their lot.

ray925

I dont want to sell i was just curious as to what he would offer and i was floored when he told me still cant believe that it lost so much money

AORoads

Not sure how you got to 57K unless you're incl. TTL. 38.5K is a little low imo, but only by a few K (which could be taking into account the poor market for car sales in general, not a typical year by any means). did you have some other options on your car besides CRM, Z51, top, 3LT, chrome whl.? Is it poss. that's a 6 spd. automatic?

calmtgguy

$57,000 - $38,500 = $18,500 / 800 mi. = $23.125 per mile, I'd pay that to drive the new ZR1 that distance, let's see, 1/4 mi. X 4 = 1 mi.

Oli1313

I wanted a Z06, but the trade on my 07 was $29,000-32,000. I'll keep it forever! I'll buy a Z06 or a Viper ( ) next year to keep it company.

User 2623

Life with vette get used to it.
Deep discounts up front, high gas prices prevailing, GM teetering over the cliff and into bankrupcy, slow economy and depression level tensions all contribute to the free fall in resale values for vettes.

So get ready: e.g. 07 a6 vert, 11K miles, LT3, Z51, chrome, auto top, extended 7 year warranty 32K and dropping by August/September. We're at Defcon 3 and going to 2.

ray925

car is a 6 speed and the sticker was 60.000 and im not complaining about the purchase price just shocked at the rtesale price and i love the vette

calmtgguy

Deep discounts up front, high gas prices prevailing, GM teetering over the cliff and into bankrupcy, slow economy and depression level tensions all contribute to the free fall in resale values for vettes.
You are not kidding.

danl72

Even trade.

AORoads

OK, well just hang onto the car at those prices.

last901

With the prices I've seen on new Corvettes by dealers on this forum, I can understand why resale is not as great as some of us might have hoped. Not that it's a bad thing, just a fact of life.

If you want the Lexus, get it, provided it appeals more to you than the Corvette. But, don't expect the Lexus to hold its value any better than the Corvette - and, possibly it might be worse.

If you want a car that is likely to hold its value, or even appreciate, believe me, you won't want to drive it for fear of diminishing its value.

I had a valuable collector Porsche which was at least holding its value and similar examples were brining close to their original sticker price. I traded it for a brand new '07 C6 1LT in late '06 and have been enjoying the hell out of it. (The C6, not the Porsche) I even loan it to my daughter and her husband for road trips and weekend outings.

I suppose I could have kept the Porsche and watched it hold its value - perhaps even appreciate - but it was an older car, not very practical for long trips and the more miles I put on it, the less valuable it became. Not to mention parts were becoming a little scarce - like, oh, $5,000 windshields.

You can't have ot both ways I guess, unless you're very wealthy. I'm not, but I am having fun with my Corvette. When I'm ready for another, I'll shop for the best deal, but certainly don't expect to get anywhere near what I paid for it.