A bittersweet event
Thread Starter
Pro
Joined: Sep 2007
Posts: 743
Likes: 1
From: Papillion NE
A bittersweet event
Hi all...haven't posted for some time, but I have been reading posts. Wanted some outside perspective and advice. As you can see from my profile, I own an '05 DSOM Z51 6 speed. It has been a great car. I now have 22,500 miles on it and have decided to sell/trade in now since summer here in Nebraska is about half over. I've checked with several resources, such as KBB, Edmunds, NADA and even had the car appraised at a dealership. The results are all over the board. A trade in on a new CTS frees up my garage for an eventual C7. How much are you folks seeing out there as a reasonable trade in or cash number? I'm a business coach, so I have no issues with capitalism and making a profit, but I also want to receive a fair price. Thoughts? Thanks....one of the best things about owning a Corvette is this forum. Helped me install my MGW and console!
Le Mans Master
Joined: Jan 2006
Posts: 6,800
Likes: 2,653
From: Down south in Dixie
The problem with KBB, Edmunds, etc. is they do not take regional prices into account. They are a good starting point. There's no way I could give you good info. on trade in prices, because they vary from region to region and dealer to dealer. Wish I could help you more. Good luck on the negotiations.
Advanced
Joined: Jul 2014
Posts: 61
Likes: 1
From: Hampstead, NC
I can't really help you with "what it's worth", but I will relate my recent experience.....
When I checked Nada and KBB for trade in value on my 08 coupe, the websites had me enter a zip code, so I was thinking it was basing it on the region. Maybe not.
Anyway the dealers (and I went to 3 different places) offer was several thousand less than the "book" trade value.
It seems dealers want to make a large profit margin on reselling trade ins.
When I checked Nada and KBB for trade in value on my 08 coupe, the websites had me enter a zip code, so I was thinking it was basing it on the region. Maybe not.
Anyway the dealers (and I went to 3 different places) offer was several thousand less than the "book" trade value.
It seems dealers want to make a large profit margin on reselling trade ins.
Le Mans Master
Joined: Oct 2008
Posts: 8,894
Likes: 981
From: Whitby Ont.
Hi all...haven't posted for some time, but I have been reading posts. Wanted some outside perspective and advice. As you can see from my profile, I own an '05 DSOM Z51 6 speed. It has been a great car. I now have 22,500 miles on it and have decided to sell/trade in now since summer here in Nebraska is about half over. I've checked with several resources, such as KBB, Edmunds, NADA and even had the car appraised at a dealership. The results are all over the board. A trade in on a new CTS frees up my garage for an eventual C7. How much are you folks seeing out there as a reasonable trade in or cash number? I'm a business coach, so I have no issues with capitalism and making a profit, but I also want to receive a fair price. Thoughts? Thanks....one of the best things about owning a Corvette is this forum. Helped me install my MGW and console!
Phoenix coyotes need a good coach
Race Director
Joined: Mar 2010
Posts: 16,896
Likes: 5,363
From: T-Town WA
2016 C6 of Year Finalist
Hi all...haven't posted for some time, but I have been reading posts. Wanted some outside perspective and advice. As you can see from my profile, I own an '05 DSOM Z51 6 speed. It has been a great car. I now have 22,500 miles on it and have decided to sell/trade in now since summer here in Nebraska is about half over. I've checked with several resources, such as KBB, Edmunds, NADA and even had the car appraised at a dealership. The results are all over the board. A trade in on a new CTS frees up my garage for an eventual C7. How much are you folks seeing out there as a reasonable trade in or cash number? I'm a business coach, so I have no issues with capitalism and making a profit, but I also want to receive a fair price. Thoughts? Thanks....one of the best things about owning a Corvette is this forum. Helped me install my MGW and console!
