Thinking about selling
Thread Starter
Instructor
Joined: Jun 2016
Posts: 125
Likes: 36
From: On the Coast Florida
Thinking about selling
I may sell my 2016 C7. Not sure if this is the correct place to post this or even ask. It is Torch Red, Black Interior, 2LT, M7, red seat belts, red paddles, lloyds mats, has a weather tech cargo mat, cargo lights and tag light upgraded to led's. It also has the Z51 spoiler, red brake calipers, black wheels, black lug nuts, cue ball shifter with red sting ray logo on it.
It has 800 miles on it. It is in perfect condition, zero blemishes. Tires still have the nubs on them. It just sits in the garage.
I am not driving it and think I want to sell it.
Any ideas on an appropriate price range?
Mods - if this is the wrong place or wrong question to ask please move it or delete.
Thx.
It has 800 miles on it. It is in perfect condition, zero blemishes. Tires still have the nubs on them. It just sits in the garage.
I am not driving it and think I want to sell it.
Any ideas on an appropriate price range?
Mods - if this is the wrong place or wrong question to ask please move it or delete.
Thx.
Drifting
Joined: Apr 2004
Posts: 1,342
Likes: 464
From: Raleigh/Cary NC
I would check eBay for completed auctions. Looking at a site like this, all you'll get are dreaming asking prices that have no basis in reality.
Remember, any aftermarket options are basically worthless when selling, and you're competing with new 2017s on the lot. It's a shame that you never had a chance to drive it.
Remember, any aftermarket options are basically worthless when selling, and you're competing with new 2017s on the lot. It's a shame that you never had a chance to drive it.
Le Mans Master
Joined: Jan 2006
Posts: 6,800
Likes: 2,653
From: Down south in Dixie
I would check eBay for completed auctions. Looking at a site like this, all you'll get are dreaming asking prices that have no basis in reality.
Remember, any aftermarket options are basically worthless when selling, and you're competing with new 2017s on the lot. It's a shame that you never had a chance to drive it.
Remember, any aftermarket options are basically worthless when selling, and you're competing with new 2017s on the lot. It's a shame that you never had a chance to drive it.
with my Tar Heel brother. Sadly with the discounts prices on new ones, you will possibly take a harder than usual beating. Good luck with your sell. Nice thing is not every one is like the members here, and don't keep up with prices like we do. Hopefully you'll find one of those folks.BTW, I look at it this way. Even though I don't get to drive mine as much as I like, it's not eating a thing, and it's there when I can. Don't jump until you're sure.
Last edited by Rebel Yell; Mar 23, 2017 at 03:13 PM.
Race Director
Joined: Oct 2008
Posts: 16,651
Likes: 7,721
From: NJ
Wait until late June early july. In season and someone will jump on it.
any reason you're not driving it? Out of season? Cause that is right around the corner.
I got that way with my last C6. I upgraded and my new Z sit's in my climate controlled garage aka the bedroom, waiting for real spring. I was able to sneak it out on several occasions over winter and whenever u get down on the storage thing. I pull it out and put it back and I am reminded that the good weather is worth the wait!.
OP, best of luck in your decision, didn't mean to pry, just curious with almost no miles on it why.
any reason you're not driving it? Out of season? Cause that is right around the corner.
I got that way with my last C6. I upgraded and my new Z sit's in my climate controlled garage aka the bedroom, waiting for real spring. I was able to sneak it out on several occasions over winter and whenever u get down on the storage thing. I pull it out and put it back and I am reminded that the good weather is worth the wait!.
OP, best of luck in your decision, didn't mean to pry, just curious with almost no miles on it why.
Last edited by 24/Eray; Mar 23, 2017 at 04:38 PM.
Racer
Joined: Apr 2016
Posts: 267
Likes: 290
From: Farmington Utah
I don't mean to be rude, but why, WHY would you buy a brand new C7 Corvette, add a bunch of aftermarket stuff (which like someone already said, adds almost nothing to resale value), put only 800 miles on it and then turn around and sell it? It would probably be easier to just buy a paper shredder and run as many $100 bills through it as you can get your hands on...
Thread Starter
Instructor
Joined: Jun 2016
Posts: 125
Likes: 36
From: On the Coast Florida
I don't mean to be rude, but why, WHY would you buy a brand new C7 Corvette, add a bunch of aftermarket stuff (which like someone already said, adds almost nothing to resale value), put only 800 miles on it and then turn around and sell it? It would probably be easier to just buy a paper shredder and run as many $100 bills through it as you can get your hands on...
For whatever reason, I found that the car did not trip my trigger like I thought it would. In fairness, it is a good car, good value so I am not knocking it. I think I am going to sell both the vette and my X5 and get a new Raptor. It is a better fit for me and my lifestyle (boating, fishing, etc) and carrying the associated junk that comes with both of those activities.
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Burning Brakes
Joined: Jan 2017
Posts: 771
Likes: 220
From: Saint Clair Shores Michigan
I don't mean to be rude, but why, WHY would you buy a brand new C7 Corvette, add a bunch of aftermarket stuff (which like someone already said, adds almost nothing to resale value), put only 800 miles on it and then turn around and sell it? It would probably be easier to just buy a paper shredder and run as many $100 bills through it as you can get your hands on...
Le Mans Master
Joined: Jan 2017
Posts: 5,363
Likes: 4,108
From: New England
Start with kbb.com trade-in value for your car.
Check with the Ford dealer that you are going to buy the Raptor from on trade-in value and see if they will match or beat KBB. In Florida (have not lived there in years) you should get a trade-in tax incentive on the Raptor if you trade in the Corvette. Say your Corvette is worth $50K and the Raptor is $70K. You would only pay the $20K difference in taxes.
Look around the classifieds too and see what cars are going for. Keep in mind what you ask and what you get are two different things. Also keep in mind that there are still brand new 2016's sitting on dealer lots and you can usually get 20% off sticker price. Maybe higher. Not trying to be a debbie downer but the 2017's have some huge incentives right now so I would expect to get 25-29% off MSRP for your car.
Check with the Ford dealer that you are going to buy the Raptor from on trade-in value and see if they will match or beat KBB. In Florida (have not lived there in years) you should get a trade-in tax incentive on the Raptor if you trade in the Corvette. Say your Corvette is worth $50K and the Raptor is $70K. You would only pay the $20K difference in taxes.
Look around the classifieds too and see what cars are going for. Keep in mind what you ask and what you get are two different things. Also keep in mind that there are still brand new 2016's sitting on dealer lots and you can usually get 20% off sticker price. Maybe higher. Not trying to be a debbie downer but the 2017's have some huge incentives right now so I would expect to get 25-29% off MSRP for your car.
Le Mans Master
Joined: Jul 2004
Posts: 5,040
Likes: 939
From: Bonney Lake Washington
correct but harsh
I don't mean to be rude, but why, WHY would you buy a brand new C7 Corvette, add a bunch of aftermarket stuff (which like someone already said, adds almost nothing to resale value), put only 800 miles on it and then turn around and sell it? It would probably be easier to just buy a paper shredder and run as many $100 bills through it as you can get your hands on...
Thread Starter
Instructor
Joined: Jun 2016
Posts: 125
Likes: 36
From: On the Coast Florida
one could, with real justification, place buying any new Vette akin to shredding money when you could get a perfectly functional Toyota Corolla for a FRACTION of the price and with four seats too....let's be honest, it's a first world purchase where you can obviously do better than some at buying and selling but it's still an excess which we all dearly love.....
only so many trips around the sun as they say....and says the guy who got his third skin cancer diagnosis this week.....ugh.
Race Director
Joined: Jul 2010
Posts: 10,548
Likes: 176
From: Upstate NY
Fair question.....I have this disease, called ADD or dumbass, or like to trade cars and boats constantly. Pick any of the above. I know it makes zero financial sense and never expected to break even on the purchase and i know any mods are zero value add when selling.
For whatever reason, I found that the car did not trip my trigger like I thought it would. In fairness, it is a good car, good value so I am not knocking it. I think I am going to sell both the vette and my X5 and get a new Raptor. It is a better fit for me and my lifestyle (boating, fishing, etc) and carrying the associated junk that comes with both of those activities.
For whatever reason, I found that the car did not trip my trigger like I thought it would. In fairness, it is a good car, good value so I am not knocking it. I think I am going to sell both the vette and my X5 and get a new Raptor. It is a better fit for me and my lifestyle (boating, fishing, etc) and carrying the associated junk that comes with both of those activities.
Racer
Joined: Oct 2015
Posts: 434
Likes: 121
From: Allen Tx
I just saw the new raptor and it looks GREAT....the grill and inside are impressive.....my FIRST choice would be to see what the dealership is offering.....we just bought a tesla and did very well trading a Mercedes....only 2k off where we thought was fair vs waiting for the right private buyer.....we did negotiate that price up so maybe that's not your thing.....but would/should be your starting point.....then if it's not right wait for a buyer
Drifting
Joined: Dec 2002
Posts: 1,420
Likes: 83
From: boerne texas
I would check eBay for completed auctions. Looking at a site like this, all you'll get are dreaming asking prices that have no basis in reality.
Remember, any aftermarket options are basically worthless when selling, and you're competing with new 2017s on the lot. It's a shame that you never had a chance to drive it.
Remember, any aftermarket options are basically worthless when selling, and you're competing with new 2017s on the lot. It's a shame that you never had a chance to drive it.
Instructor
Joined: Apr 2013
Posts: 136
Likes: 30
From: HUDSON VALLEY, NY
Not that you need a defense, but for thirty years I have been guilty of the same thing...buying, not using, and then trading in at usually a staggering cost. My last vette a 2013 Z06 had less than 800 miles on it. Didn't want to deal with buyers so I traded it in. I would be embarrassed to disclose the financials to it, but in the end I have a new, better fitted vette that I love. I'll work a little harder to cover the loss but I have no regrets.
No matter what anyone else tells you, do what makes you happy and don't look back. Life is just too short to worry about the what ifs.
No matter what anyone else tells you, do what makes you happy and don't look back. Life is just too short to worry about the what ifs.
Drifting
Joined: Apr 2004
Posts: 1,342
Likes: 464
From: Raleigh/Cary NC
Eh, it's just a car.
I budget for it, it's just a cost of living the lifestyle to which I've become accustomed. Glad that you can afford to do this and aren't just selling it at a huge loss to pay for a kidney.
The toughest thing I've found with selling one year-old cars, is that KBB and the like often don't give any number at all for trade-in value. It makes it difficult to sell, because you're competing with new cars that have more favorable financing, so you're pretty-much left with people that can pay cash, and they are few and far between. Especially since for a few more dollars, they can buy used. So often, really, just trading it at the Ford/BMW/Porsche dealer doesn't really cost much more money and it sure is a heck of a lot easier. Plus you get that sales tax break, in most states.
Best of luck.
