Just curious..
Thread Starter
Racer
Joined: Dec 2007
Posts: 496
Likes: 0
From: FL
St. Jude Donor '09, '14
Just curious..
This morning I woke up and did my usual search of the typical used car websites looking for a C6. I found it frustratingly funny that there's a local Toyota dealer trying to sell a 2007 with 20k miles for about $47,000. I wonder if they're aware that someone could just go down to the Chevy dealer and pick up a comparable 2009 for about $40-43 right now. I've seen similar stuff at Nissan dealers as well.
Is it the fact that they aren't a Chevy dealer that makes them completely oblivious to what the average price of a used Corvette is?
Is it the fact that they aren't a Chevy dealer that makes them completely oblivious to what the average price of a used Corvette is?
Melting Slicks
Joined: Jan 2009
Posts: 2,678
Likes: 1
This morning I woke up and did my usual search of the typical used car websites looking for a C6. I found it frustratingly funny that there's a local Toyota dealer trying to sell a 2007 with 20k miles for about $47,000. I wonder if they're aware that someone could just go down to the Chevy dealer and pick up a comparable 2009 for about $40-43 right now. I've seen similar stuff at Nissan dealers as well.
Is it the fact that they aren't a Chevy dealer that makes them completely oblivious to what the average price of a used Corvette is?
Is it the fact that they aren't a Chevy dealer that makes them completely oblivious to what the average price of a used Corvette is?
Dealers make a lot of money on used cars. A lot.
Thread Starter
Racer
Joined: Dec 2007
Posts: 496
Likes: 0
From: FL
St. Jude Donor '09, '14
I've seen them sit and sit and sit, until they eventually give up and put it for $30k. It's just frustrating when I can't find anything decent and used around here, or when I do they want to screw me on my trade, so they can make their money that way.
Times are tough.
Times are tough.
Melting Slicks
Joined: Jan 2009
Posts: 2,678
Likes: 1
Go in there and shoot them a figure. They may say no, then hand them your number. Tell them to call you when they are serious and need to sell that car. You never know what may happen.
Team Owner
Joined: Aug 2008
Posts: 25,643
Likes: 33
From: Chandler, AZ It's a Dry Heat.
Times are tougher for the dealer than for you, especially if you have the cash and they need it. Go make them and offer for what it's worth to you; leave yourself some room to negotiate of course. Don't pay more that it's worth to you (assuming it's reasonable), all in, including the trade. As for the trade, I've usually sold my car myself, usually you'll get more for it than a trade. If he can't come around, then keep looking. Patience is a virtue .....
Drifting
Joined: Jan 2003
Posts: 1,817
Likes: 5
From: Nevada
That's why the price is high ... so they can pretend like they are giving you a high price for your trade. That is the hot button for some buyers. In addition, for people needing financing, to some degree it can make loan to value ratios on the car being sold look better at the same profit.
Somebody at that dealer thinks that is the best way to price cars to retail them for the best profit. They can always go down, they can't go up. They know what the car will bring at the auction. If they can't retail it easily for more, that's where it will go.
As for you, if you want to deal with them you just have to know the difference you are willing to pay between your trade in and the car that you want. They rest is largely just arithmetic.
