Car Value....
Racer
Joined: Jun 2012
Posts: 339
Likes: 68
You think low mileage GSs aren't selling for $30k? Y'all are nuts.
Carmax will give you wholesale, bottom dollar. A dealership should give you more, if not, that means they're either a) working you hard, or b) not profitable on the car you want to buy so making their money up in the trade in.
Carmax will give you wholesale, bottom dollar. A dealership should give you more, if not, that means they're either a) working you hard, or b) not profitable on the car you want to buy so making their money up in the trade in.
Obviously many low mileage GSs are selling for $30k. That doesn't mean that they can't be had for less than $30k though. Especially a 1lt.
I've actually sold 4 cars to Carmax. They have always offered me more than the dealers. May be a regional thing. Not to mention Carmax makes it incredibly quick and easy.
Safety Car
Joined: Sep 2013
Posts: 4,355
Likes: 2,633
From: Draper Utah
I've used Carvana a couple of times and I'm amazed at what they will pay for certain cars like low mileage Corvette's. The transaction is simple.
That car would sell pretty fast in the spring for $34k where I live. YMMV
Last edited by Iceaxe; Jan 15, 2020 at 02:24 PM.
Racer
Joined: Jun 2012
Posts: 339
Likes: 68
Carvana will give you $30k for that car so there is your bottom dollar.
I've used Carvana a couple of times and I'm amazed at what they will pay for certain cars like low mileage Corvette's. The transaction is simple.
That car would sell pretty fast in the spring for $34k where I live. YMMV
I've used Carvana a couple of times and I'm amazed at what they will pay for certain cars like low mileage Corvette's. The transaction is simple.
That car would sell pretty fast in the spring for $34k where I live. YMMV
Race Director
Joined: Oct 2012
Posts: 17,336
Likes: 6,509
From: Melbourne, FL
Carvana will give you $30k for that car so there is your bottom dollar.
I've used Carvana a couple of times and I'm amazed at what they will pay for certain cars like low mileage Corvette's. The transaction is simple.
That car would sell pretty fast in the spring for $34k where I live. YMMV
I've used Carvana a couple of times and I'm amazed at what they will pay for certain cars like low mileage Corvette's. The transaction is simple.
That car would sell pretty fast in the spring for $34k where I live. YMMV
Racer
Joined: Jun 2012
Posts: 339
Likes: 68
Carvana will give you $30k for that car so there is your bottom dollar.
I've used Carvana a couple of times and I'm amazed at what they will pay for certain cars like low mileage Corvette's. The transaction is simple.
That car would sell pretty fast in the spring for $34k where I live. YMMV
I've used Carvana a couple of times and I'm amazed at what they will pay for certain cars like low mileage Corvette's. The transaction is simple.
That car would sell pretty fast in the spring for $34k where I live. YMMV
Safety Car
Joined: Sep 2013
Posts: 4,355
Likes: 2,633
From: Draper Utah
Funny story but when I bought me C6 I wasn't really looking for one. I was down at CarMax on some other business and this old man drove a super clean low mileage Corvette in and asked CsrMax what they would give him. When the salesman walked away to go calculate a price I told the old guy I'd give home $500 over whatever CarMax offered and handed him a business card. Two hours later I get a call saying the car was mine if I was serious. And that's how I became the proud owner of my C6. When I went to pick up the car the old guy told me he was in a financial bind and needed the car gone before the weekend. Sometimes you just get lucky :-)
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Racer
Joined: Jun 2012
Posts: 339
Likes: 68
I know several people personally that has used Carvana and I have yet to hear a bad story... they all mentioned how simple it was. A couple if them also tried CarMax and the offer was substantially lower... I think part of it depends on the car and I have noticed Carvana seems to pay out more for low mileage Corvette's.
Funny story but when I bought me C6 I wasn't really looking for one. I was down at CarMax on some other business and this old man drove a super clean low mileage Corvette in and asked CsrMax what they would give him. When the salesman walked away to go calculate a price I told the old guy I'd give home $500 over whatever CarMax offered and handed him a business card. Two hours later I get a call saying the car was mine if I was serious. And that's how I became the proud owner of my C6. When I went to pick up the car the old guy told me he was in a financial bind and needed the car gone before the weekend. Sometimes you just get lucky :-)
Funny story but when I bought me C6 I wasn't really looking for one. I was down at CarMax on some other business and this old man drove a super clean low mileage Corvette in and asked CsrMax what they would give him. When the salesman walked away to go calculate a price I told the old guy I'd give home $500 over whatever CarMax offered and handed him a business card. Two hours later I get a call saying the car was mine if I was serious. And that's how I became the proud owner of my C6. When I went to pick up the car the old guy told me he was in a financial bind and needed the car gone before the weekend. Sometimes you just get lucky :-)
Le Mans Master
Joined: May 2015
Posts: 5,187
Likes: 1,216
From: Las Vegas Nevada
You think low mileage GSs aren't selling for $30k? Y'all are nuts.
Carmax will give you wholesale, bottom dollar. A dealership should give you more, if not, that means they're either a) working you hard, or b) not profitable on the car you want to buy so making their money up in the trade in.
Carmax will give you wholesale, bottom dollar. A dealership should give you more, if not, that means they're either a) working you hard, or b) not profitable on the car you want to buy so making their money up in the trade in.
He was quoted a trade-in value of $30, which means a dealer price of $34 (low) to $36(high). His comment about "not selling for that much" was probably a bit of a stretch to make a point. I think of low miles being less than 3K per year. His 2012 has 28K. That mileage would never concern me, but it seems bit high for "low miles".
Last edited by buckmeister2; Jan 15, 2020 at 09:41 PM.
Race Director
Joined: Oct 2011
Posts: 15,049
Likes: 1,613
From: Holly Springs NC
St. Jude Donor '16-'17,'22,'24
Manheim auction prices are the most accurate imo... You still have to compare regions and condition of cars carefully. Their prices will give a good indication of actual wholesale prices...
It also gives you a peek at how much mark-up dealers put into cars when you compare their asking against what auctions actually get. Hint 4k or better...
It also gives you a peek at how much mark-up dealers put into cars when you compare their asking against what auctions actually get. Hint 4k or better...
Race Director
Joined: Oct 2005
Posts: 14,555
Likes: 1,255
From: Saint Albans, WV