Robert
New guy-NJ
Thread Starter
Heel & Toe
Joined: Apr 2017
Posts: 17
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New guy-NJ
Hello all I'm looking to trade my 2012 Camaro 2SS for a 2016 Z51 3LT for 59,500 would this be considered a good deal for the corvette at that price? This vette has 83 miles on it and certified 2016 left over.
Le Mans Master
Joined: Dec 2012
Posts: 6,442
Likes: 2,535
From: New Jersey
I would take the MSRP and subtract 20% as a baseline price and go from there. I would be concerned about how the 83 miles was derived-test drives without being warmed up after sitting for 3-4 weeks? check the build date to see if it was an early or late 16-more concern if it was an early build date that sat around with an occasional test ride. I would find that concerning unless the price reflected such.
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Heel & Toe
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Thread Starter
Heel & Toe
Joined: Apr 2017
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Instructor
Joined: Sep 2013
Posts: 103
Likes: 11
MSRP was $66,400, you say. Know that midpoint through 2016 these were commonly selling for 15% off MSRP. Your $6,900 discount from MSRP is barely over 10%. I wouldn't even consider this for any less than another $6,900 off MSRP.
Le Mans Master
Joined: Sep 2004
Posts: 7,978
Likes: 1,849
From: North/Central NJ - a.k.a. Gotti in the CFNE section
St. Jude Donor '05
Regardless of the trim, if MSRP was 66K, the car is now worth high 40s. They are at least 10K over priced. You can get a 66K new 2017 car for around 15-16% off from one of the big forum dealers.
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Racer
Joined: Feb 2017
Posts: 256
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From: Asbury Park NJ
Not a good deal IMO. They are discounting 2017's more than the 10% off they are offering for a leftover. (Also from NJ and I purchased a 2016 leftover myself).
As a sanity check, I just looked at Kerbeck's site and the have a 2017 2LT Grand Sport for $62.9. -- (MSRP $71.4). I am not saying that is the way you should go, just offering a reference point.
As a sanity check, I just looked at Kerbeck's site and the have a 2017 2LT Grand Sport for $62.9. -- (MSRP $71.4). I am not saying that is the way you should go, just offering a reference point.
Race Director
Joined: Mar 2005
Posts: 16,684
Likes: 1,193
From: La Center WA
Two thoughts...
- As others have already pointed out, $66,400 for a 3LT sounds low.
- No matter what the deal is that you ask for opinions on here, most who respond will say the price is too high. It's almost comical.
Racer
Joined: Dec 2016
Posts: 263
Likes: 124
From: Tewksbury MA
Assuming the MSRP is correct that discount is awful, you can get a new 2017 for less than that. Even if the quoted MSRP is wrong, that price on a used 3LT Z51 Coupe would still be awful unless the car is heavily optioned.
Thread Starter
Heel & Toe
Joined: Apr 2017
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Reply
Thanks for the information I need the help !
Team Owner
Joined: Nov 2007
Posts: 45,267
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From: Rochester, NY
Almost useless to ask the question on this forum. Always a better deal out there.
Le Mans Master
Joined: Jan 2006
Posts: 6,800
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From: Down south in Dixie
Mike, I'm thinking more information is needed before even a SWAG can be given, i.e. like is there a lean on your car to carry over, mileage & condition of the Camaro, etc. I also agree that a '16 Z51 3LT would never have a MSRP that low.
Last edited by Rebel Yell; Apr 18, 2017 at 12:52 PM.
Race Director
Joined: Oct 2008
Posts: 16,652
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From: NJ
I almost grabbed a 16 Z51 3LT mag ride msrp 74k.
purchase price was 55k. That was in october.
so if you're in a seasonal area you're now going to get the spring corvette tax. Keep looking. They won't come down enough imho to make it worthwhile. I wouldn't pay a dime over 50k for it. which they wouldn't be able to do with current rebates. Enough bonus tags, all hold back etc. It would be too big a loser. Funny as unless they're like kerbeck they're paying interest on that car all this time. Waste of money but is what it is.
look for a 17 for around same price. Maybe you pay a couple grand more well worth it to have a newer car. If 5k more? That's where it gets sticky (bargain wise).
purchase price was 55k. That was in october.
so if you're in a seasonal area you're now going to get the spring corvette tax. Keep looking. They won't come down enough imho to make it worthwhile. I wouldn't pay a dime over 50k for it. which they wouldn't be able to do with current rebates. Enough bonus tags, all hold back etc. It would be too big a loser. Funny as unless they're like kerbeck they're paying interest on that car all this time. Waste of money but is what it is.
look for a 17 for around same price. Maybe you pay a couple grand more well worth it to have a newer car. If 5k more? That's where it gets sticky (bargain wise).
Thread Starter
Heel & Toe
Joined: Apr 2017
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No lien on my car like I mentioned I'm new to all of this just thought 59,400 for Z51 3LT CERTIFIED with 83 miles was a reasonable price and yes of course I would ask for a lower price. It has Mag Ride and all the other options.
Thread Starter
Heel & Toe
Joined: Apr 2017
Posts: 17
Likes: 2
I almost grabbed a 16 Z51 3LT mag ride msrp 74k.
purchase price was 55k. That was in october.
so if you're in a seasonal area you're now going to get the spring corvette tax. Keep looking. They won't come down enough imho to make it worthwhile. I wouldn't pay a dime over 50k for it. which they wouldn't be able to do with current rebates. Enough bonus tags, all hold back etc. It would be too big a loser. Funny as unless they're like kerbeck they're paying interest on that car all this time. Waste of money but is what it is.
look for a 17 for around same price. Maybe you pay a couple grand more well worth it to have a newer car. If 5k more? That's where it gets sticky (bargain wise).
purchase price was 55k. That was in october.
so if you're in a seasonal area you're now going to get the spring corvette tax. Keep looking. They won't come down enough imho to make it worthwhile. I wouldn't pay a dime over 50k for it. which they wouldn't be able to do with current rebates. Enough bonus tags, all hold back etc. It would be too big a loser. Funny as unless they're like kerbeck they're paying interest on that car all this time. Waste of money but is what it is.
look for a 17 for around same price. Maybe you pay a couple grand more well worth it to have a newer car. If 5k more? That's where it gets sticky (bargain wise).
Thanks I would look at the base Grand Sport just not a fan of the wide body but some like it.
Le Mans Master
Joined: Jan 2006
Posts: 6,800
Likes: 2,653
From: Down south in Dixie
BTW, you maybe able to do much better going through one of the forum dealers on a '17. Many here have bought, drove there trade to the dealer, took a nice break-in trip home in their new Corvette, and still saved money.
Last edited by Rebel Yell; Apr 18, 2017 at 05:23 PM.
Thread Starter
Heel & Toe
Joined: Apr 2017
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That does not sound right. MSRP for a 2017 3LT Z51 Coupe with nothing is $71,190. Either the car is not a 3LT and/or Z51 or the quoted MSRP is wrong.
Assuming the MSRP is correct that discount is awful, you can get a new 2017 for less than that. Even if the quoted MSRP is wrong, that price on a used 3LT Z51 Coupe would still be awful unless the car is heavily optioned.
Assuming the MSRP is correct that discount is awful, you can get a new 2017 for less than that. Even if the quoted MSRP is wrong, that price on a used 3LT Z51 Coupe would still be awful unless the car is heavily optioned.
Thread Starter
Heel & Toe
Joined: Apr 2017
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Cowboy, on the face it doesn't sound bad for a '16 3LT Z51. The MSRP should have been near 73-74K with the mag ride. Check the forum vendors prices here to give you an idea what the '17 Z51's comparable to this are going for, Kerbeck, Criswell, McMulkin, Coughlin, etc. That should help get you in the ballpark. Then you can use www.kbb.com to get you in the ballpark on the price of your car. Of course after that it depends on how the dealer is going to deal in the trade. Hopefully he treats you good. Good luck.
BTW, you maybe able to do much better going through one of the forum dealers on a '17. Many here have bought, drove there trade to the dealer, took a nice break-in trip home in their new Corvette, and still saved money.
BTW, you maybe able to do much better going through one of the forum dealers on a '17. Many here have bought, drove there trade to the dealer, took a nice break-in trip home in their new Corvette, and still saved money.