Trade in Value
Melting Slicks
Joined: May 2001
Posts: 2,596
Likes: 120
From: East Tennessee
Our sales tax is 7% so by my calculations to cover the extra sales tax, I only need to improve the value I recieve for my corvette by approximately $2000. I should do much better than $2000 above dealer trade in value by selling to a private party. Appears to be the only way to deal.
Plus a lot of used car shoppers arent paying cash so they have to secure financing. If your car is paid for it makes it a lot easier as well.
I have been pretty successful selling cars online, but I also price them on the low side. Even then most people will lowball you and you have to play car salesman, depending what your time is worth to you it may or may not be worth it. Plus you have to expose yourself and household to strangers at times, some you may not want around.
If you have the time selling yourself can work out pretty well though, its just not that easy sometimes. Dealers can arrange financing and they give a buyer the perception that if there is a problem they have somewhere to go, thats why they can get the money they do. Now is the time to do it though, its Corvette selling season.
I would hit up a carmax and get a quote just to see where you are at, maybe shop around some other dealers but if you go in looking for a C7 they know you 'want' it and they arent going to be generous with trade in value.
Le Mans Master
Joined: Feb 2002
Posts: 5,394
Likes: 281
From: cumming ga
My take is the dealer stands to make 17000.00 on this deal. That's the reason I haven't traded even at GMS. 2012 z06 26000 miles 3lz 52600 is what's worth according to Black book most won't give me a ball park figure to make it worth my while to drive 1700 miles since I want to trade now and order a 2015 z51 coupe to hold me over for a z06.
z51vett
Doug
z51vett
Doug
Last edited by z51vett; Apr 27, 2014 at 11:50 AM.
Thread Starter
Racer
Joined: May 2011
Posts: 437
Likes: 82
My take is the dealer stands to make 17000.00 on this deal. That's the reason I haven't traded even at GMS. 2012 z06 26000 miles 3lz 52600 is what's worth according to Black book most won't give me a ball park figure to make it worth my while to drive 1700 miles since I want to trade now and order a 2015 z51 coupe to hold me over for a z06.
z51vett
Doug
z51vett
Doug
Burning Brakes
Joined: Jan 2014
Posts: 1,078
Likes: 262
From: swoyersville pa
i showed up with a 2008 z51 red/black vert,,11,000 miles auto, i thought he would jump all over it untill i saw two red G.S. verts sitting for sale there already. he started at 30 and gave me 32 towards the c7, my old car has been sitting there now 2 and1/2 months at 37 grand. one of the G.S.'S. sits with it.
Racer
Joined: Feb 2014
Posts: 374
Likes: 92
I was looking at a C7 and the dealer wanted the MSRP price minus a trade in value of my Corvette at $9000 under Kelly Blue Book (trade in value). Had no issue with MSRP but $9000 under Kelly Blue Book trade in value I thought was low.
I was told they had all the C6 corvettes they wanted. Is this the norm for all the dealers with recent sales of the C7? I realize that a person is better off selling his corvette to a private party but is Kelly Blue Book that worthless for a trade in value of a C6 since dealers have an abundance of them?
I was told they had all the C6 corvettes they wanted. Is this the norm for all the dealers with recent sales of the C7? I realize that a person is better off selling his corvette to a private party but is Kelly Blue Book that worthless for a trade in value of a C6 since dealers have an abundance of them?
Melting Slicks
Joined: Feb 2013
Posts: 2,489
Likes: 579
From: Central Gulf Coast Florida
Your dealer does not want your trade. Regardless of the climate for a given car, you can often get more if you sell it privately. I have always been able to get more selling privately, including the tax difference.
Burning Brakes
Joined: Aug 2013
Posts: 1,045
Likes: 432
From: Houston TX
C6's vales are going to fall through the floor (even more so) once the C7Z drops, 2015s are out, winter hits.
I'm already seeing '11-'13s for sale locally for just 30-35k and '08-'10s have fallen under 30k.
Hell 05/06 Autos are under 20k, I'm starting to see C6s in the hood now.
I'm already seeing '11-'13s for sale locally for just 30-35k and '08-'10s have fallen under 30k.
Hell 05/06 Autos are under 20k, I'm starting to see C6s in the hood now.
Le Mans Master
Joined: Jun 2000
Posts: 5,555
Likes: 9
From: Indiana
You'll be much better off selling it yourself, if you can put up with the hassles of doing so ..
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Melting Slicks
Joined: Mar 2007
Posts: 2,601
Likes: 305
From: Carmel Indiana
Indy dealer told me he did not even want to give me a trade dollar for my 03 C5 with 45K miles.
Just said he did not want it and he would be embarrassed at the price he would give me if I really wanted to trade it for a C7
My original thought was be to trade and take a lower price rather than sell outright just to lower the sales taxes of the C7, but guess its on-line sell for me.
Just said he did not want it and he would be embarrassed at the price he would give me if I really wanted to trade it for a C7
My original thought was be to trade and take a lower price rather than sell outright just to lower the sales taxes of the C7, but guess its on-line sell for me.
Race Director
Joined: Aug 1999
Posts: 13,283
Likes: 2,509
From: Bluffton SC via Canton Oh
Here in the midwest they look at a big auction site Mayheim(?) and see what the cars are selling for. They offer that amount on the trade generally. They believe and it is hard to argue that is the market for your car.
But everything is negotiable. Good luck.
But everything is negotiable. Good luck.
Melting Slicks
Joined: Sep 2013
Posts: 3,119
Likes: 799
From: East Lansing, MI
It's all what the dealer thinks he can make on the deal, and how fast he can turn it. I recently traded in a 2010 Charger SXT AWD with fairly low miles and got a trade of $500 over KBB sight unseen (but from a dealership I've dealt with in the past and who knows my cars are well cared for). They sold it in about a week in January and made $3500 on the deal if they got their advertised price. (The selling price of my new car wasn't a factor since it was an employee purchase.)
Could I have made some of that $3500 on my own with a private sale? Probably, but I didn't have the time to do it, so I'm happy. Dealer's happy.
Looking at C6s for sale locally and on Ebay Motors, I would say the comments about there being a two year supply out there probably are correct.
A sale via Corvette Forum might make sense, you'd be reaching an audience for your car, not the general car-buying public, which isn't interested in Corvettes.
Could I have made some of that $3500 on my own with a private sale? Probably, but I didn't have the time to do it, so I'm happy. Dealer's happy.
Looking at C6s for sale locally and on Ebay Motors, I would say the comments about there being a two year supply out there probably are correct.
A sale via Corvette Forum might make sense, you'd be reaching an audience for your car, not the general car-buying public, which isn't interested in Corvettes.
Advanced
Joined: Apr 2007
Posts: 84
Likes: 0
From: Northeast OH
Few of the dealers here in NE Ohio started using an Autotrader system to value trades. Seems like a growing trend due to the lower values they give. They can just show the customer, hey this is what the "system" is bringing back. The dealer my wife worked at and a few others around here have moved from the Auction site queries to this AutoTrader BS. My trade was valued 5k below kbb in this new method they use. I said thanks but no thanks and sold it elsewhere and placed my order with another dealer.
Racer
Joined: Mar 2014
Posts: 297
Likes: 3
From: Kingwood Tx
I was looking at a C7 and the dealer wanted the MSRP price minus a trade in value of my Corvette at $9000 under Kelly Blue Book (trade in value). Had no issue with MSRP but $9000 under Kelly Blue Book trade in value I thought was low.
I was told they had all the C6 corvettes they wanted. Is this the norm for all the dealers with recent sales of the C7? I realize that a person is better off selling his corvette to a private party but is Kelly Blue Book that worthless for a trade in value of a C6 since dealers have an abundance of them?
I was told they had all the C6 corvettes they wanted. Is this the norm for all the dealers with recent sales of the C7? I realize that a person is better off selling his corvette to a private party but is Kelly Blue Book that worthless for a trade in value of a C6 since dealers have an abundance of them?
Drifting
Joined: Oct 2009
Posts: 1,599
Likes: 22
From: Whittier CA
2009 C6 1LT, chrome rims, transparent/painted tops, with 27,000 miles. CARMAX appraised it at $27,000. Dealership gave me $30,000. High bluebook is roughly $31,000-$32,000.
I am very, very pleased!
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The dealer gave you a very strong clue why they offered you well below the KBB listing. Check what NADA lists as the value of your car as a trade in. Might be more realistic.
Drifting
Joined: Oct 2009
Posts: 1,599
Likes: 22
From: Whittier CA
Okay... Per NADA;
Average Trade-in - $30,725
Clean Trade-in - $32,550
IMHO, my car would qualify as a clean trade-in... Still think I got a great deal, considering CARMAX only wanted to give me $27,000, another Corvette dealer offered me $26,000, and I was not willing to do a private sale. Needed to trade in the car for a down payment on the new one.
Thanks
John
Last edited by Rossi6998; May 2, 2014 at 11:52 PM.
Le Mans Master
Joined: Dec 2006
Posts: 5,139
Likes: 482
From: H-Town Texas
I am also a fan of CARMAX; however, the dealership beat CARMAX by $3,000. This really surprised me.
2009 C6 1LT, chrome rims, transparent/painted tops, with 27,000 miles. CARMAX appraised it at $27,000. Dealership gave me $30,000. High bluebook is roughly $31,000-$32,000.
I am very, very pleased!
2009 C6 1LT, chrome rims, transparent/painted tops, with 27,000 miles. CARMAX appraised it at $27,000. Dealership gave me $30,000. High bluebook is roughly $31,000-$32,000.
I am very, very pleased!