Trade value
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Joined: Sep 2014
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Trade value
I'm contemplating trading my 2014 z51 next summer for a z06, but can't get a dealer to give me a solid estimate on what my trade will be then. It's a frustrating risk to order a z but not know if they will low ball my trade in.any dealer knowledge able people know what I might expect as a trade value a year from now.?
Le Mans Master
Joined: Nov 2002
Posts: 5,832
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From: Rochester New York
I'm contemplating trading my 2014 z51 next summer for a z06, but can't get a dealer to give me a solid estimate on what my trade will be then. It's a frustrating risk to order a z but not know if they will low ball my trade in.any dealer knowledge able people know what I might expect as a trade value a year from now.?
Drifting
Joined: Apr 2006
Posts: 1,257
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From: Bluffton,SC
Just wait until next summer to get your trade price and then decide if you will move forward with the purchase or buy it now and they will give you a price.
How in the world would you ever expect a dealer to tell you what your car will be worth a year down the road? It is not reasonable.
How in the world would you ever expect a dealer to tell you what your car will be worth a year down the road? It is not reasonable.
Intermediate
Joined: Dec 2013
Posts: 33
Likes: 14
From: Cambridge MA
It's really not a 'frustrating risk'. It's a given that most dealers will low ball you. Nothing personal, but they are a business aiming to make a profit. They will also likely sell you the Z06 at msrp. So the real question is how much $ are you willing to part with? Could be anywhere from 20-30k. Work from that perspective then determine if it's worth it.
Race Director
Joined: May 2006
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Negotiate the best trade you can get right NOW, then subtract about 5% from that for the extra 8-9 months of depreciation, just to get a ballpark.
A full year of "year 2" depreciation is about 7%, but you stated it would be next summer, which is 8-9 months away.
A full year of "year 2" depreciation is about 7%, but you stated it would be next summer, which is 8-9 months away.
Last edited by RedC7AZ; Nov 21, 2014 at 08:56 AM.
Race Director
Joined: Aug 1999
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From: Bluffton SC via Canton Oh
Another view point............ find dealer who will order the Z for you without any obligation on your part. Yea they are out there. My dealer gave me my numbers on July 13 for the trade and a handsome discount on the C7 which showed up in October. He did not require a deposit and said you either love the car or walk.
I offered to bring him the 13 GS early figuring he could sell it in the summer for more $$s then in the fall here in Ohio and he said why would I take your Corvette from you, drive it and enjoy it!!!
So ask your dealer or PM me and I will give you my dealers name.
BTW now when I trade with him........ we never discuss numbers. I know its a good deal and the numbers are not that important........he gives that much comfort in the deal.
I offered to bring him the 13 GS early figuring he could sell it in the summer for more $$s then in the fall here in Ohio and he said why would I take your Corvette from you, drive it and enjoy it!!!
So ask your dealer or PM me and I will give you my dealers name.
BTW now when I trade with him........ we never discuss numbers. I know its a good deal and the numbers are not that important........he gives that much comfort in the deal.
Burning Brakes
Joined: Jan 2014
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From: swoyersville pa
and ( now) means today!
i just made a deal to trade my 2014 vert on 10/26/14 for a 15 that i ordered that day. he gave me a number for my trade good for that day only!!. i left my trade that day. my new car went to order code 3000 yesterday. im very happy i took the $58,000 and left the car.
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Le Mans Master
Joined: Oct 2012
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From: South Dakota
Welc ome to new car depreciation. Once you drive it off the lot, its never worth as much unless it is a very rare type vehicle.
Race Director
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Team Owner
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It's impossible to predict what the retail or trade value will be in a year, especially for a new model car. It's unreasonable to expect a dealer to even make a guess at it.
Team Owner
Joined: Apr 2008
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From: South Carolina
Except leases do that every day...Millions. of them.
Juts ask the dealers what they gave for 9 month old 14's against 15's. It will be close to that.
I mean if you have means to buy new Z06 then its not a bother to guess 10 percent depreciation and then be happy if its 8...
Juts ask the dealers what they gave for 9 month old 14's against 15's. It will be close to that.
I mean if you have means to buy new Z06 then its not a bother to guess 10 percent depreciation and then be happy if its 8...
Le Mans Master
Joined: Oct 2004
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From: Toronto Ontario Canada
I'm contemplating trading my 2014 z51 next summer for a z06, but can't get a dealer to give me a solid estimate on what my trade will be then. It's a frustrating risk to order a z but not know if they will low ball my trade in.any dealer knowledge able people know what I might expect as a trade value a year from now.?
Team Owner
Joined: Mar 2012
Posts: 49,106
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From: Best Island in the U.S.
St. Jude Donor '12 thru '17
Except that's not trade value.
And, trade value alone means absolutely nothing. Everybody gets hung up on trade value. When you trade a car the only thing that matters is the difference; how the dealer gets there doesn't (or shouldn't) matter. Getting hung up on just the trade value is not a smart way to make a deal but it's what almost everybody gets hung up on.
And, trade value alone means absolutely nothing. Everybody gets hung up on trade value. When you trade a car the only thing that matters is the difference; how the dealer gets there doesn't (or shouldn't) matter. Getting hung up on just the trade value is not a smart way to make a deal but it's what almost everybody gets hung up on.
Team Owner
Joined: Jan 2014
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Except that's not trade value.
And, trade value alone means absolutely nothing. Everybody gets hung up on trade value. When you trade a car the only thing that matters is the difference; how the dealer gets there doesn't (or shouldn't) matter. Getting hung up on just the trade value is not a smart way to make a deal but it's what almost everybody gets hung up on.
And, trade value alone means absolutely nothing. Everybody gets hung up on trade value. When you trade a car the only thing that matters is the difference; how the dealer gets there doesn't (or shouldn't) matter. Getting hung up on just the trade value is not a smart way to make a deal but it's what almost everybody gets hung up on.
Steve is right. Tell him the difference you want a let them worry about how to get there.
Safety Car
Joined: Dec 2007
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From: Coralville Iowa
Where do you live? If you store your car for the winter trade it now. This assumes you trust your dealer - only you can answer that. Draw up a contract in writing and make sure all terms are explicit. I did something similar when I went from C6 to C7. Worked well for me and I avoided considerable depreciation that occurred to the C6 when the C7 was on the street.
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Le Mans Master
Joined: Sep 2013
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From: Kannapolis MA.
Where do you live? If you store your car for the winter trade it now. This assumes you trust your dealer - only you can answer that. Draw up a contract in writing and make sure all terms are explicit. I did something similar when I went from C6 to C7. Worked well for me and I avoided considerable depreciation that occurred to the C6 when the C7 was on the street.
Smart move 