Help me price my Grand Sport!
#21
Instructor
Thread Starter
OP where are you located? Most states have trade-in incentives that can save you thousands in taxes. Example if your GS is worth $70K$ on trade-in and the next car you are buying is worth $110K you only pay tax on the difference or $40K vs the whole $110K.
Let's just say your state charges 6% sales tax. That's over a $4K savings if you trade in vs sell privately.
Let's just say your state charges 6% sales tax. That's over a $4K savings if you trade in vs sell privately.
#22
I think 75k is a fair price if your mileage is low. I spent 72K on a 3LT M7 grand sport brand new. But it doesn't have comp seats or the z07 package.
If your buyer really wants those options, then 75k is a good deal. If they don't want those options, then you might sell easier if you put it in the high 60's. like maybe 68K
If your buyer really wants those options, then 75k is a good deal. If they don't want those options, then you might sell easier if you put it in the high 60's. like maybe 68K
The following users liked this post:
montoya (07-22-2017)
#23
It is still the first year crazy prices on Grand Sports, and here is what happened to Edmunds when they went to CarMax to trade-in the first year C7 after their long term test, all good.
https://www.edmunds.com/chevrolet/co...ong-money.html
https://www.edmunds.com/chevrolet/co...ong-money.html
#24
Originally Posted by Blue666's
I'm afraid you might have a problem getting it to sell at that high a price. I've got a build sheet for a 2018 GS Vert that was just a hair over 80K (admittedly, 2LT) and have found two dealers that are offering 11% off on a special order. So if I can buy new for about 72K (again, I know, 2LT) I would be really hesitant to spend that kind of money on a used one when I can get a new one for essentially the same money. Good luck with the sale, but anytime you sell a practically-brand-new car, you're going to take a bath on it, relatively-speaking. Good luck, though!
#25
Melting Slicks
I know some dealers use the auction value, but I checked KBB then got trade quotes from dealers. Several of the quotes were in the KBB trade range, and the price on the new car they were selling was discounted. The dealer that use auction value didn't get my trade. They say we can get them at the auction for xxx. Not totally true, they have fees, shipping, etc. With a car like this they are going to sell it on their lot and they are buying them from auctions to sell on their lot. They can give you more than the auction value if they want to.
#26
Instructor
Thread Starter
I think 75k is a fair price if your mileage is low. I spent 72K on a 3LT M7 grand sport brand new. But it doesn't have comp seats or the z07 package.
If your buyer really wants those options, then 75k is a good deal. If they don't want those options, then you might sell easier if you put it in the high 60's. like maybe 68K
If your buyer really wants those options, then 75k is a good deal. If they don't want those options, then you might sell easier if you put it in the high 60's. like maybe 68K
It is still the first year crazy prices on Grand Sports, and here is what happened to Edmunds when they went to CarMax to trade-in the first year C7 after their long term test, all good.
https://www.edmunds.com/chevrolet/co...ong-money.html
https://www.edmunds.com/chevrolet/co...ong-money.html
I know some dealers use the auction value, but I checked KBB then got trade quotes from dealers. Several of the quotes were in the KBB trade range, and the price on the new car they were selling was discounted. The dealer that use auction value didn't get my trade. They say we can get them at the auction for xxx. Not totally true, they have fees, shipping, etc. With a car like this they are going to sell it on their lot and they are buying them from auctions to sell on their lot. They can give you more than the auction value if they want to.
Again, this is all great input. My current thinking is that I'm going to consign the car so I will likely not change the pricing on the for sale listing. My rationale is simply that keeping the wrap on for now, you absolutely must see the car in person. Just seeing it in pictures doesn't do it justice. So by consigning it, the hope is that you make it easier for a buyer to look at it and who knows you may get someone who had no intention on buying it, show up and using the dealer financing drives it home that day. I'll give it some time and if that doesn't work then I will remove the wrap and put everything back to stock (selling those items here) and reselling it in the private party price range that will move it. Right now I would agree with everyone that is high 60's- which values the wrap and other bolt ons at $0- but that is how it works I'm not surprised.
Thanks again- but feel free to keep those opinions coming. I would like to add that everyone has been very polite, which surprised me in a good way. My past posts on other car forums about pricing, seem to bring out the worst in people sometimes. Thanks for being great forum contributors!!
#28
Instructor
Thread Starter
The following users liked this post:
montoya (07-23-2017)
#30
Instructor
Thread Starter
Agreed, Mike should be the call for anyone looking for a new Corvette. The information he provides just cuts the time down to finding the right deal and wasting your time with other dealers.
Looks like the plant closure should firm prices up across the board...
#31
Instructor
Me too! I've done the same in the past. Just that this sale is a 'surprise' since the GT3 allocation came my way earlier than expected. I wasn't thinking I would sell until next spring. So it is a conundrum. The wrap though is something very unique- you can't resell it if you take it off and does it make the car more valuable? Not really. But does it make it more desirable at the same price? Maybe. Again though, what is the price???
I would put an asking price closer to $71,000. Just my 2 cents
The following users liked this post:
montoya (07-23-2017)
#32
Instructor
Thread Starter
I have photos from the dealer plus the work as it was being done. The car had 50 miles on it when it was put on, so there is nothing hidden. Atlanta Custom Wraps is a premier wrap detailer and there are no issues to the paint caused by them. But I get it, a wrap is not for everyone. Thanks for the price input!
#34
Race Director
Member Since: Oct 2011
Location: Holly Springs NC
Posts: 14,373
Received 1,609 Likes
on
1,037 Posts
St. Jude Donor '16-'17,'22,'24
IMHO, I would take off any additions you made and sell them on the side. Then I'd list the car for $70K, but take no less than $65K. My logic is, your car is used, it has 4K miles and the carfax for the new owner will say 2 owners. They deserve some consideration.
You can try to sell it as is, but at your price, finding that person may be difficult.
One way to go is, list it as is for your price. Then after 2 or 3 weeks, strip off the add ons and list it at the reduced price. You want to move quickly as the selling time, summer is already half over.
Also, fine if you think your car is rare, but that doesn't make it any more desirable than another C7 GS with the same equipment. So be careful using that term "rare" because it is so overused.
Hope things work out for you.
You can try to sell it as is, but at your price, finding that person may be difficult.
One way to go is, list it as is for your price. Then after 2 or 3 weeks, strip off the add ons and list it at the reduced price. You want to move quickly as the selling time, summer is already half over.
Also, fine if you think your car is rare, but that doesn't make it any more desirable than another C7 GS with the same equipment. So be careful using that term "rare" because it is so overused.
Hope things work out for you.
#35
Your car will compete with new C7s for some of the same buyers, so.....
If you live in a state where the buyer does NOT have to pay sales tax on the purchase of a used vehicle, then there's about a $5-$6k ADVANTAGE you have selling your used C7 vs. the dealer selling a new C7.
That would allow you to ask a few thousand more than you could if you live in a state where buyers have to pay sales tax.
If you live in a state where the buyer does NOT have to pay sales tax on the purchase of a used vehicle, then there's about a $5-$6k ADVANTAGE you have selling your used C7 vs. the dealer selling a new C7.
That would allow you to ask a few thousand more than you could if you live in a state where buyers have to pay sales tax.
Last edited by RedC7AZ; 07-24-2017 at 04:54 PM.
#36
Melting Slicks
Good luck with the sale. By the way, the link in your original post takes me to some other for sale thread, not yours.
I'm with several of the others, the only way you get close to 75k, is if you find the buyer that
1) Wants the Z07, 3LT, and Comp Seats
2) Values the mods as an add and not a subtract or push
3) Doesn't want to wait to order their own for about the same price.
I'm not sure if that person exists, or how long to find him or her. If yo had plenty of time, you could try to wait it out, but I wouldn't be optimistic.
If I'm shopping and I can get that car new for 76k, I probably don't even pick up the phone to call you if it is above 70k, and probably wouldn't pay over 67-68k. This is 's just me, because I value the mods at 0 (and some won't and you can get more from them). But with 4k miles on it (and 4k less miles on the warranty) and the hassles of dealing with buying a used private party car versus the ease of the dealer I want 10% or so below new.
Hope you get what you want for it though!
I'm with several of the others, the only way you get close to 75k, is if you find the buyer that
1) Wants the Z07, 3LT, and Comp Seats
2) Values the mods as an add and not a subtract or push
3) Doesn't want to wait to order their own for about the same price.
I'm not sure if that person exists, or how long to find him or her. If yo had plenty of time, you could try to wait it out, but I wouldn't be optimistic.
If I'm shopping and I can get that car new for 76k, I probably don't even pick up the phone to call you if it is above 70k, and probably wouldn't pay over 67-68k. This is 's just me, because I value the mods at 0 (and some won't and you can get more from them). But with 4k miles on it (and 4k less miles on the warranty) and the hassles of dealing with buying a used private party car versus the ease of the dealer I want 10% or so below new.
Hope you get what you want for it though!
#37
Instructor
Thread Starter
You seem to be on the low end of the scale.
As I stated earlier, the plan is to broker it a dealer and if that doesn't work, then I can do as you suggest, strip off the wrap and sell the rockers and suede items. Not sure I used the word rare, but in context to finding the car with the options I wanted.
Good point for any buyer out of state!
Thanks for the input! I agree the mods are pretty low value in the sale. I also don't value the 3LT option all that much, other than the PDR. I think of it more as a 2LT with PDR. Your price range is in line with a lot of others. (Fixed the link - thanks!)
IMHO, I would take off any additions you made and sell them on the side. Then I'd list the car for $70K, but take no less than $65K. My logic is, your car is used, it has 4K miles and the carfax for the new owner will say 2 owners. They deserve some consideration.
You can try to sell it as is, but at your price, finding that person may be difficult.
One way to go is, list it as is for your price. Then after 2 or 3 weeks, strip off the add ons and list it at the reduced price. You want to move quickly as the selling time, summer is already half over.
Also, fine if you think your car is rare, but that doesn't make it any more desirable than another C7 GS with the same equipment. So be careful using that term "rare" because it is so overused.
Hope things work out for you.
You can try to sell it as is, but at your price, finding that person may be difficult.
One way to go is, list it as is for your price. Then after 2 or 3 weeks, strip off the add ons and list it at the reduced price. You want to move quickly as the selling time, summer is already half over.
Also, fine if you think your car is rare, but that doesn't make it any more desirable than another C7 GS with the same equipment. So be careful using that term "rare" because it is so overused.
Hope things work out for you.
Your car will compete with new C7s for some of the same buyers, so.....
If you live in a state where the buyer does NOT have to pay sales tax on the purchase of a used vehicle, then there's about a $5-$6k ADVANTAGE you have selling your used C7 vs. the dealer selling a new C7.
That would allow you to ask a few thousand more than you could if you live in a state where buyers have to pay sales tax.
If you live in a state where the buyer does NOT have to pay sales tax on the purchase of a used vehicle, then there's about a $5-$6k ADVANTAGE you have selling your used C7 vs. the dealer selling a new C7.
That would allow you to ask a few thousand more than you could if you live in a state where buyers have to pay sales tax.
Good luck with the sale. By the way, the link in your original post takes me to some other for sale thread, not yours.
I'm with several of the others, the only way you get close to 75k, is if you find the buyer that
1) Wants the Z07, 3LT, and Comp Seats
2) Values the mods as an add and not a subtract or push
3) Doesn't want to wait to order their own for about the same price.
I'm not sure if that person exists, or how long to find him or her. If yo had plenty of time, you could try to wait it out, but I wouldn't be optimistic.
If I'm shopping and I can get that car new for 76k, I probably don't even pick up the phone to call you if it is above 70k, and probably wouldn't pay over 67-68k. This is 's just me, because I value the mods at 0 (and some won't and you can get more from them). But with 4k miles on it (and 4k less miles on the warranty) and the hassles of dealing with buying a used private party car versus the ease of the dealer I want 10% or so below new.
Hope you get what you want for it though!
I'm with several of the others, the only way you get close to 75k, is if you find the buyer that
1) Wants the Z07, 3LT, and Comp Seats
2) Values the mods as an add and not a subtract or push
3) Doesn't want to wait to order their own for about the same price.
I'm not sure if that person exists, or how long to find him or her. If yo had plenty of time, you could try to wait it out, but I wouldn't be optimistic.
If I'm shopping and I can get that car new for 76k, I probably don't even pick up the phone to call you if it is above 70k, and probably wouldn't pay over 67-68k. This is 's just me, because I value the mods at 0 (and some won't and you can get more from them). But with 4k miles on it (and 4k less miles on the warranty) and the hassles of dealing with buying a used private party car versus the ease of the dealer I want 10% or so below new.
Hope you get what you want for it though!
Last edited by montoya; 07-25-2017 at 01:01 AM.