2014C7

Howdy, I have looked at the NADA and KBB guide values. Looking to trade in for a ZO6.

My car is

2014 Z51 2lt, Clear Glass Top, Nav, 7sp, MSRC. Cyber Gray/Black Interior.
3400 miles.

Nada says 59k
KBB says $55,700-$57,700


What would be a good trade in value for me?

The dealer is discounting his ZO6 by 8k by the way, which seems great, we are stuck on trade number at this point.

Thanks!

nmerhaut

What was the sticker on yours and what did you pay for it? Since so many were discounted it skews many of the trade in values. Ask CarMax what they give you and go from there. What do you think you want out of it?

mksz51

With the new one already discounted by $8k I see an offer of about $50k coming from your dealer. You want "high" for yours and "discount" for his - that's not going to happen. If you demand that you'll need to do a private sale.

hawkgfr

It happens a LOT of the time.. You just do the research and be patient.


8 k on a 100k are is not much either....

2014C7

Paid msrp. 66 was msrp with museum delivery.
No carmax close to me.

Unsure I just don't want to get a fair deal.

Dealer offered me 53k for it that seemed light in view of kb and nada, and also with discounts reported in ZO6 threads.

Thanks!

HogwildC7

You need $55,7 atleast. you don't have that may miles.

musclecar6

53K for yours and $8000 off msrp on the new Z06 sounds like a great deal.

2014C7

Yep that's what I am thinking.

Vetteman Jack

Shop around some more - try some of the forum dealers. If you can at least get in the KBB range, all the better for you.

6104696

agree.

C7cmnthru

Looks like your valuations are for retail sale value. I ran a quick KBB on your car and got a trade at around $50k. So $53k for the trade seems reasonable. In any case, if you want to see what retail really is, do a cars.com or auto trader search for what's for sale by dealers and private parties. That will give you the current pulse of the market. Depending on where you live, the prime Vette selling season is winding down somewhat. In the end, work the bottom line rather than separate values for each car. Dealer might actually be willing to move on the Z06 price a little more.

RedC7AZ

Is the Z06 a 2015 or 2016? $8k off a 2016 is decent. $8k off a 2015 doesn't even cover the depreciation, as it will be a one year old car on day 1.

Speednet

On a trade-in? No way you'll get over $50K on a trade. Sorry to be the bearer of bad news. My guess is $45K or maybe even a bit lower.

If you want $50K+ the only way is private sale.

Ernest_T

Read more carefully, he was offered $53K and wants more.

ratman6161

Question: Are you ordering the Z06 or buying it off the lot?

If you are ordering the Z06, that means you have some time. Back in the summer of 2000 when I was ordering my C5, I had a low mileage Rx7 that the C5 was going to replace. I also knew that it would be several months before the new C5 arrive so I had some time. So here was the procedure I used:

1. Negotiate the deal on the new car completely independently of the trade...as if there is no trade (should really do it this way anyway).

2. After agreeing on the price of the new car I said "OK, lets talk about what you could do for me on a trade of my Rx7 which I may or may not do.

3. Agreed on a trade in price for the Rx7 but let the salesman know that when the time came for the new car, I may have already sold it, in which case the agreed trade in price would be replaced by cash.

4. While I waited for the C5, successfully sold the Rx7. Felt like I gave the young guy who bought it a reasonable deal at a little under KBB private party sale value. I got more than the trade in would have been and he did a lot better than retail...both win.

5. Banked the money made on the sale and put it towards the C5 when it came in.

If you are ordering you have the luxury of time. With the dealer's trade in offer in hand you can explore your other options with the 2014 while you wait.

PS: Hard to estimate the trade in on your existing car without knowing all the options. On KBB I cam up with about $54K. The fact that my number is different than what others got says that I don't have all the information??? Still, if you have time you can do better on the private party sale.

J_Vette_Manuel

The amount of misinformation some people post is flat stupid.... Sorry to be so direct and negative, but a 14' Stingray is still going to get more that 50k on trade.

First, KBB and Edmunds are not that accurate... at all. The only real accurate barometers are vAuto and MMR (Manheim). I recently had one of my friends, a General Manager at a dealership run my car. 14' Stingray 3LT (MSRP $70k) Through the auction has the few Stingrays in *Average* condition were pulling mid 50s all day. A low mile super clean one w/ a good negotiator could pull closer to 60k.

I don't care what any psuedo expert says, those two programs are what dealers across the US and Canada use to get an approximate value on trades.... What they offer will vary completely based on their willingness to do the deal.

They could show you 58k, but Actual Cash Value is 55k, so they are overallowing 3k, that simply means they won't discount there car as much.

Hope this helps. Whoever said less than 50k, please stop giving such poor misinformation.

golddog

Going by KBB and NADA is a good start, but you are never going to get those numbers from a dealer. They are going to use black book, auction numbers, etc... Then they are going to go through the expense of detailing (which most vettes need little) and possibly certifying which costs. $53K sounds like a reasonable offer to trade in.

Gotta ask yourself to, is it worth $30-40K to get a Z06?

motomanvette

Wrong. CarMax just offered me about 10 grand more to buy my car outright. Put that pipe down!

alienranch

^^ This is the question I keep coming back to. Still working on the right answer.

nmvettec7

First of all you paid full MSRP and NCM delivery.

You did not make a good deal on the 2014 to begin with, and I suspect it was more of an impulse purchase to begin with.

Your 2014 Z51 2LT is being sold in the car auctions around the country in the $53,000 to $59,000 range. Your mileage is not high, nor low by auction standards. I have access to the data on these sales, so these amounts are 100% factual. See post#23.

Use that as a guideline for dealing on a trade. The $53,000 is a fair trade, perhaps you can squeeze a bit more, but not much more. The dealer needs to up the price over what he pays the seller then go for a retail sale.

Keep in mind dealers need to make money and will always low ball the customer on trades. It's there business.

As one other poster commented just above is it worth paying $30 to $40,000 more for a Z06?

Since you made a bad purchase on the 2014, I suggest that you conduct allot of due diligence and crunch numbers. If you have to ask people on a forum what is a good price, then you really need to think hard what you are doing before you make the leap. Once the Z06 comes off the lot or out of the plant, you already have a depreciation factor and your hole of value just got deeper.