Trade in value
Cruising
Joined: Dec 2015
Posts: 14
Likes: 0
I'd agree with most of the posts with how it's going at this time with Trade in prices.
To add to that, the Discounts are now at 12% for 2016's.
May not be a fair comparison but Traded my 2009 in 6 weeks ago for a 2016 with 9% discount off the 2016.
They gave me KKB pricing for it which I thought was low until I checked KBB and found they gave me Top Trade value.
Yes they'll sell it for more but probably not until Spring time.
In the last 6 weeks since I bought the 2016 at 9% off and now seeing 12% off I was like, gee if only I waited
But I just checked my 2009 Trade in Value on KBB, and it's Trade in Value dropped more than $1,500.00 since 6 weeks ago.
Wouldn't of made much difference if I had waited
To add to that, the Discounts are now at 12% for 2016's.
May not be a fair comparison but Traded my 2009 in 6 weeks ago for a 2016 with 9% discount off the 2016.
They gave me KKB pricing for it which I thought was low until I checked KBB and found they gave me Top Trade value.
Yes they'll sell it for more but probably not until Spring time.
In the last 6 weeks since I bought the 2016 at 9% off and now seeing 12% off I was like, gee if only I waited
But I just checked my 2009 Trade in Value on KBB, and it's Trade in Value dropped more than $1,500.00 since 6 weeks ago.
Wouldn't of made much difference if I had waited
From my perspective, as someone looking to buy, I'm not going anywhere near a used 2014 or new or used 2015 with an 8spd because of all of the problems that GM won't address with a recall. When you factor in the discounts at year-end, it's just not worth it to take that risk - especially when you're already shelling out $60k.
Le Mans Master
Joined: Jul 2001
Posts: 8,071
Likes: 317
From: Central Florida
Winter coming, pricing for sports cars dropping as demand drops, Spring arriving pricing for sport cars rising as demand rises. End of December through January up to mid February, best time to buy used Corvette...worse time to sell.
Market supply and demand, and of course buy low sell high, not rocket science here....
Market supply and demand, and of course buy low sell high, not rocket science here....
Last edited by 1KULC7; Dec 15, 2015 at 07:48 AM.
Former Vendor
Joined: Oct 2004
Posts: 8,127
Likes: 1,656
From: Atlantic City NJ
I'm looking to buy my first Corvette (2LT, Z51, 8spd) and live in CT. I was originally looking at Kerbeck but noticed McMulkin is a large dealer as well and closer to me. Can you tell me which dealer is offering the 12% discount on the 2016's?
From my perspective, as someone looking to buy, I'm not going anywhere near a used 2014 or new or used 2015 with an 8spd because of all of the problems that GM won't address with a recall. When you factor in the discounts at year-end, it's just not worth it to take that risk - especially when you're already shelling out $60k.
From my perspective, as someone looking to buy, I'm not going anywhere near a used 2014 or new or used 2015 with an 8spd because of all of the problems that GM won't address with a recall. When you factor in the discounts at year-end, it's just not worth it to take that risk - especially when you're already shelling out $60k.
http://kerbeck.com/new-corvette-inventory/
One thing we do have is the 1.99% APR for 72 months for qualified buyers, but I'm not sure how long that will last since I think the Fed will be making a move tomorrow, so if that's something you want to take advantage of, best to move quickly.
Dave
Cruising
Joined: Dec 2015
Posts: 14
Likes: 0
I believe we both are, so it's just a matter of finding who has a car that you like. You can view our whole inventory here:
http://kerbeck.com/new-corvette-inventory/
One thing we do have is the 1.99% APR for 72 months for qualified buyers, but I'm not sure how long that will last since I think the Fed will be making a move tomorrow, so if that's something you want to take advantage of, best to move quickly.
Dave
http://kerbeck.com/new-corvette-inventory/
One thing we do have is the 1.99% APR for 72 months for qualified buyers, but I'm not sure how long that will last since I think the Fed will be making a move tomorrow, so if that's something you want to take advantage of, best to move quickly.
Dave
Former Vendor
Joined: Oct 2004
Posts: 8,127
Likes: 1,656
From: Atlantic City NJ
I've been poking around your site all year, but I haven't found the color combo that I'm interested in (night race blue, black metallic wheels, yellow calipers, kalahari). 72 month car loans are not my thing, but I'd qualify. If there is no prepayment penalty and you'd order that car with the options I'm looking for with the same discount as your inventory and accept the credit union discount, I'll be making a trip to down to AC.
Dave
Pro
Joined: Jan 2014
Posts: 566
Likes: 163
From: Earleton Fl
Trade in
Burning Brakes
Joined: Oct 2013
Posts: 980
Likes: 106
Buying used C7's is a big gamble with all the quality issues that are slowly being addressed and many early ones are going on the used market. We traded our 2014 with flex plate problems and took a 20k hit but the tax advantage helped in a new purchase. How many C7's can a dealer take just to keep the factory going so GM can build a new paint facility and add a new addition. What will the new year bring?
Melting Slicks
Joined: Apr 2013
Posts: 2,691
Likes: 141
I think the reason the price on the used ones are going down is because GM is pushing a lot of corvettes out of the factory.
Auto Trader has over 5300 2016 Corvettes for sale and over 1400 are ZO6
and I'm sure there are more corvettes on dealer lots that aren't on Auto Trader.
Auto Trader has over 5300 2016 Corvettes for sale and over 1400 are ZO6
and I'm sure there are more corvettes on dealer lots that aren't on Auto Trader.
I foresee deals in late april/may. Especially if most of those are still on dealer lots and depending on the announcement at the NCM Bash in late april on anything new for 2017 (if anything).
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Safety Car
Joined: Mar 2014
Posts: 4,483
Likes: 668
From: Kilmarnock Va
I have found that dealers will low ball you.It's the nature of the beast.They have to make A
Profit to pay overhead etc.If you have the time and the will sell it yourself.A big percentage of people don't want to go thru it so they don't have any choice but to take what the dealer offers.
Profit to pay overhead etc.If you have the time and the will sell it yourself.A big percentage of people don't want to go thru it so they don't have any choice but to take what the dealer offers.
Melting Slicks
Joined: May 2010
Posts: 2,674
Likes: 142
From: Aubrey Texas
I should have kept my car. I really miss it.
Safety Car
Joined: Oct 2014
Posts: 3,543
Likes: 854
The topic of "trade-in values" will always be in vogue within the industry.
How could anyone expect these cars to be special in any way, when over 35,000 units are being produced each year. Why would there be concerns over trade-in or future value. Every person that buys any car has to realize the value declines immediately after purchase. This is nothing new.
The automobile industry has always worked this way. Get the trade-in at a low price to resell it and sell the customer a new car. It's just the way the system has always worked.
Everyone just has to live with it. It's part of doing business. The dealerships have huge investments into their business and the auto industry has had a long term business model that has worked this way for decades. It is not going to change. It's a successful model that works for the enterprises and owners of the dealerships.
How could anyone expect these cars to be special in any way, when over 35,000 units are being produced each year. Why would there be concerns over trade-in or future value. Every person that buys any car has to realize the value declines immediately after purchase. This is nothing new.
The automobile industry has always worked this way. Get the trade-in at a low price to resell it and sell the customer a new car. It's just the way the system has always worked.
Everyone just has to live with it. It's part of doing business. The dealerships have huge investments into their business and the auto industry has had a long term business model that has worked this way for decades. It is not going to change. It's a successful model that works for the enterprises and owners of the dealerships.
Instructor
Joined: Jul 2006
Posts: 112
Likes: 8
From: Kansas City MO
its not really a 30% depreciation. You didn't pay sticker, and that isn't 30%. It's 28%, and assume you bought it for 12% off sticker, which is what Kerbeck is offering, so it is more like 18%. That is right in line with about any car for first year depreciation. Higher option cars always depreciate more too. If you were to buy a 1 LT with minimal options and try and sell it in 12 months you would probably find buying it at 12% off that you might be more like 10% depreciation for 1 year which is stellar compared to other cars.
Instructor
Joined: Jul 2006
Posts: 112
Likes: 8
From: Kansas City MO
When I bought my '14 3LT Z51 used it was a year old and had 7,800 miles. It was $59 or about $15K less than the original MSRP of about $74K. With the same markdown, the dealer would resell your car for $55.5. Looks like you are in Georgia? I guess that's an advantage cause here in MN, a dealer would probably have to plan on sitting on it until spring before it would re-sell. In my neck of the woods, this time of year is a tough time to be selling a sports car - people generally won't be looking until spring unless they are looking to order a new one for spring delivery.
Also, I put the information you provided into KBB and came up with a trade in value of $51342 if its an Auto in excellent condition and $51642 if its a manual (interesting that according to KBB a manual is worth more
)
Also, look at the discounts people are getting on new 2016's from the forum dealers. How high can you price a used one before potential buyers say "screw it I'll just get a new one"?
So the dealer might be a bit low, but in my experience not all that low. Guess you really have to want whatever it is you are trading on.
PS: just out of curiosity I put the information on my car (2014 Z51 3LT plus mag ride and NPP) into KBB and it came out $51,447 at trade in. So I guess its like I've always believed...that first year is a killer!
Also, I put the information you provided into KBB and came up with a trade in value of $51342 if its an Auto in excellent condition and $51642 if its a manual (interesting that according to KBB a manual is worth more
)Also, look at the discounts people are getting on new 2016's from the forum dealers. How high can you price a used one before potential buyers say "screw it I'll just get a new one"?
So the dealer might be a bit low, but in my experience not all that low. Guess you really have to want whatever it is you are trading on.
PS: just out of curiosity I put the information on my car (2014 Z51 3LT plus mag ride and NPP) into KBB and it came out $51,447 at trade in. So I guess its like I've always believed...that first year is a killer!
Instructor
Joined: Jul 2006
Posts: 112
Likes: 8
From: Kansas City MO
Auctions results from 9/14/2015 to 12/14/2015.......these cars are bought at auction and can be seen marked up $3000-$6000 on dealers lots. Some never see a dealers lots, which can make the C7 a great buy at auction when having low miles. The condition of the vehicle is always listed.
Le Mans Master
Joined: Sep 2012
Posts: 7,146
Likes: 1,940
From: Hagerstown MD
St. Jude Donor '15-'16,'18
I did quite a bit of research on the KBB manual vs auto resale. I spoke with several dealers including forum dealers. KBB is not accurate on manual value. Consensus of all dealers I spoke with on a 1 year old trade indicated an average of about 1000 more for identical cars equipped with A8 auto vs manual
Dealers need to appeal to as many potential buyers as possible. There are more potential buyers for automatics, thus they bring more money at trade. This is true today for almost every make of car.
Burning Brakes
Joined: Oct 2013
Posts: 980
Likes: 106
When we preordered our 2014 there were no discounts other than a 1k coupon from GM that stated the C7 had to be delivered by the last day in Sept 2014. Discounts were hard to find because it was a cash cow for dealers and they took advantage of buyers who wanted one. With the new union contract how much of a price increase will we see next year and will these big discounts still be there.