2006 vert worth
Thread Starter
Melting Slicks
Joined: Oct 2006
Posts: 2,767
Likes: 2
From: Iowa
2006 vert worth
Whats a new 2006 vert with 7 miles and loaded with all options worth? Warranty is up on 5/5/09, Dealer must have put it in the dealership name to get the rebate. Thanks
Burning Brakes
Joined: Jan 2009
Posts: 1,189
Likes: 2
From: Northern VA
7 miles????? awesome!!!! I just bought my wife one 23k miles on it for $34k, I thought that was a decent price. Certified, convertible, HUD, NAV, bone stock other than the usual options. I probably got ripped, I usually suck at buying cars.
Race Director
Joined: Apr 2006
Posts: 12,938
Likes: 784
From: Huntsville AL
Definitely above $30k, maybe even $35k. Heck, most of the ones on this forum are asking more than $35k with 20,000 miles on the clock.
Last edited by Tonylmiller; Feb 18, 2009 at 09:12 PM.
Racer
Joined: Aug 2007
Posts: 412
Likes: 0
From: milton florida
A new $68,000 car regardless of the year is worth $38,000-$42,000 in a heartbeat. Don't listen to low-ballers. You get what you pay for. Most people can't get a good interest rate loan if it's not this year's vehicle. If getting a loan is no problem, jump on it. Also, if you purchase from a GM dealer you can get a five year/100,000 mile drive train warranty. You can also purchase an extended bumper to bumper warranty from a forum dealer at a good price.
Burning Brakes
Joined: Aug 2006
Posts: 1,147
Likes: 18
From: Thompsons Station Tennessee
2006
This does not sound right! A 2006 STILL ON THE DEALERS LOT? I can't imagine this happening. Three model years later? a 2006 Vert no matter the miles at tops is 35K I would go no more than 32K. Something is wrong with this picture. Where has this car been all it's 7 miles?
Intermediate
Joined: Jun 2008
Posts: 30
Likes: 0
From: Las Vegas
06 vette
I could see how it can happen... There are some really stuckup dealers out there that refuse to budge on price. Last fall i was looking at a new 07 vert a dealer in Michigan had but they were asking almost as much for it as i could order a new 09 for... i tried explaining that to them but it was like talking to a brick wall 
worked out in my favor though since i bought an 08 a month later for a lot less than they wanted for an 07 
worked out in my favor though since i bought an 08 a month later for a lot less than they wanted for an 07
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Thread Starter
Melting Slicks
Joined: Oct 2006
Posts: 2,767
Likes: 2
From: Iowa
This does not sound right! A 2006 STILL ON THE DEALERS LOT? I can't imagine this happening. Three model years later? a 2006 Vert no matter the miles at tops is 35K I would go no more than 32K. Something is wrong with this picture. Where has this car been all it's 7 miles?
Thread Starter
Melting Slicks
Joined: Oct 2006
Posts: 2,767
Likes: 2
From: Iowa
This does not sound right! A 2006 STILL ON THE DEALERS LOT? I can't imagine this happening. Three model years later? a 2006 Vert no matter the miles at tops is 35K I would go no more than 32K. Something is wrong with this picture. Where has this car been all it's 7 miles?
Racer
Joined: Nov 2007
Posts: 478
Likes: 0
From: Lewisville Texas
A new $68,000 car regardless of the year is worth $38,000-$42,000 in a heartbeat. Don't listen to low-ballers. You get what you pay for. Most people can't get a good interest rate loan if it's not this year's vehicle. If getting a loan is no problem, jump on it. Also, if you purchase from a GM dealer you can get a five year/100,000 mile drive train warranty. You can also purchase an extended bumper to bumper warranty from a forum dealer at a good price.
Now the real test ---- your money at stake.
Take the $39,000.00 @7%(good credit) for 60 months it equals a payment of $776.21 per month.
Now take a brand new loaded 08 that a dealer is discounting from $63,000.00 to 49,000.00 and factor in the 0%. This equals a payment of $816.67.
Bottom line is that there is only a $40.46 difference per month in payments and overall a $2427.60 (plus additional sales tax on $10,000.00--about $600-700) difference between an 06 and an 08 with at least 30 more hp and a full manufacturers warranty and a power train warranty to 100,000.00
These figures are based on TTand L being paid
As I said before, 34,500 max.
Pro
Joined: May 2008
Posts: 683
Likes: 0
From: In Bergen County NJ
this is the WRONG place to ask for prices they all want to STEAL cars on here.. Go to KBB.COM and see what it is worth TRUE value and then decide what you want to pay and TRY to make a fair deal!! good luck my friend
Thread Starter
Melting Slicks
Joined: Oct 2006
Posts: 2,767
Likes: 2
From: Iowa
The most I'll go is $30000, Like you said it's almost 4 years old. With money being so tight right now. If I was a dealer with a 4 year old "NEW" car that they build everyday wouldn't you want to get it out of your showroom? As soon as they call me I'll post the price. Thanks for all the input.
Racer
Joined: Nov 2007
Posts: 478
Likes: 0
From: Lewisville Texas
It is not our fault when everyone is worried about their jobs(excluding police ) and you have GM offering the incentive financing that is adding a new perspective.
You have to figure your monetary input into the matter along with all the terrible depreciation on these vetts.
When you buy, there are a lot of different avenues of thought.
That's just the sign of the current economy...no body is trying to steal.
You have to figure your monetary input into the matter along with all the terrible depreciation on these vetts.
When you buy, there are a lot of different avenues of thought.
That's just the sign of the current economy...no body is trying to steal.
Pro
Joined: May 2008
Posts: 683
Likes: 0
From: In Bergen County NJ
It is not our fault when everyone is worried about their jobs(excluding police ) and you have GM offering the incentive financing that is adding a new perspective.
You have to figure your monetary input into the matter along with all the terrible depreciation on these vetts.
When you buy, there are a lot of different avenues of thought.
That's just the sign of the current economy...no body is trying to steal.
You have to figure your monetary input into the matter along with all the terrible depreciation on these vetts.
When you buy, there are a lot of different avenues of thought.
That's just the sign of the current economy...no body is trying to steal.
Only wanted to know what the car is worth.
Former Vendor
Joined: Jul 2004
Posts: 1,591
Likes: 6
From: Billings MT
tommygrantham
Just thought I would add a little here, a 2006 does not have a 5/100 powertrain warranty, that started with 2007 models. He can still get a GMPP on the car because it is under 36 months old and under 36K. Just added this in case 2006 model year owners now are thinking they have a 5yr/100K powertrain warranty.
Dennis Fichtner
Just thought I would add a little here, a 2006 does not have a 5/100 powertrain warranty, that started with 2007 models. He can still get a GMPP on the car because it is under 36 months old and under 36K. Just added this in case 2006 model year owners now are thinking they have a 5yr/100K powertrain warranty.
Dennis Fichtner
Burning Brakes
Joined: Aug 2006
Posts: 1,147
Likes: 18
From: Thompsons Station Tennessee
Pricing
I hate to beat a dead horse, but I made a tenative offer on a 2006 Vert and you would have thought I was crazy. I offered 30,000! Carmax has a 2006 Vert with 7K miles on it. Their National Base Price is 33,998. Now consider that they have a 5 day money back guarantee, the car is inspected, and they mark it up 5 to 7K so that makes the trade value somewhere between 26,998 and 28,998.I think that using Carmax values is better than KBB.
For example I ran a 2005 Vert on KBB. Trade in value 27,825 to 31,925. I then ran it with NADA Black Book which the dealer uses and it came back as 25,075 to 31,120. Note the lower figure, this is what the Used Car Manager starts at then adjusts based on how well he thinks your car will sell.
Now we know Corvettes are not selling well when Dealers have them on their lots for months. Case in point, the 2006 in question here. I hope this helps because it is rough out there!
For example I ran a 2005 Vert on KBB. Trade in value 27,825 to 31,925. I then ran it with NADA Black Book which the dealer uses and it came back as 25,075 to 31,120. Note the lower figure, this is what the Used Car Manager starts at then adjusts based on how well he thinks your car will sell.
Now we know Corvettes are not selling well when Dealers have them on their lots for months. Case in point, the 2006 in question here. I hope this helps because it is rough out there!
