air86

Hey guys,

Been a long time since I posted.

I took the car to carmax today and got an offer for 37000.

I haven't accepted the offer but wanted to get opinions of how bad this is. I have title so its all cold cash that i need to use for other bills and stuff I would like to see disappear. Anyway heres the details

2014 2LT CGM 7M(Non Z). 16300 Miles. Got NPP and Nav. VIN 12669.

I only expected 31 tops so personally i think its good but I know carmax can lowball. I do see on Kerbecks website where they have fresh new ones going for 46k at 1LT level and that the market sucks for these cars right now.

ta70raiii

It sounds like a solid offer to me!

Eff A Ford

It's more of a buyer's market right now for Stingrays new and used. I believe it's because there's too much supply.

Best to sell it yourself.

Bavaria

Before I got my C7 I had a 4 year old BMW 3Coupe. After I took it to my dealer for its final free service, at 19k miles BTW, they called and advised they wanted to buy the car. I researched what it supposedly was worth, and came up with $22k. BMW offered me $20k.
I told them $22k, they refused. Took it to CARMAX. As you probably experienced, they didn't want to hear what you wanted for the car, and advised they would determine what they felt it was worth after inspecting and driving it. Lo and behold they offered $22k. Sold it to them and subsequently ordered the C7. I'll go to CARMAX in the future, as I found them to be professional and very fair.

rmorin1249

CarMax is a reliable source for the ACV of your car based on what a similar model will bring at auction. Selling it yourself may bring more money BUT you have to find someone with cash. This is the hard part.

Kent1999

2014 2LT for $37k sounds like a good cash-buy right-now offer. Your 2014 C7 (just like mine) is VERY soon to be 5 model years old, and the discounts on brand new C7's are huge. I'd grab that $37k check and run.

Sure, you could try to sell it yourself for a grand or two more, but for my time, $1000-$2000 more for all the headaches of selling it private (ads, phone calls, appointments to show, tire kickers, test drives with strangers, low ballers, THEN the hassle of making sure payment is good) isn't worth it. A "bird in the hand..." and all that.

air86

The market is flooded and they arent selling anywhere near the volume they were in 14. I was one of the luckier ones and got mine for 2k under MSRP when alot of people were going 15-20k over sticker at smaller dealerships so I dont have to worry about that. So waiting for a private buyer to come along could be a while.


The reason for getting rid of it is so that I can get out from under other debts that I have.

Johnp94

Sounds perfect. If you need the cash don’t waste your time dealing with private buyers this time of year. Sounds like the right selling price for non Z51

Rooster OG

Get a bid from Vroom.com too. It can’t hurt, they might be higher than Carmax.

fsvoboda

Red C8 of Jax

Go for it. In my area (NE FL) Carmax pays more than anybody else. Carmax is moving vehicles around coast to coast all the time and I think they send the cars to the market that's paying the most.

dvilin

That is a solid offer, I would grab the cash and take care of your other bills.

jimmie jam

RUN, RUN, RUN as fast as you can from Carmax...but not before you get the check.

Dave_the_Dude

That's a solid deal. I traded in my 2015 Stingray with 8,000 miles and got about the same price, and that was only a year-old car. You might get $1k more on the private market, but it's not worth the trouble. I tried to sell a car in that range privately once, and it was a huge PITA.

fasthwks

Take it and run, solid number in my opinion

RapidC84B

That's decent wholesale... maybe a grand or two low for miles that low. These cars are $36 to $41 wholesale and dealers are marking them upn$5-$8k.

I just bought a 2014 2LT Z51 M7 for right around that last week. Has 43k miles though. Been shopping for awhile. Most cars were $45k to $50k for a well optioned Z51.

DWS44

I've been impressed by most CarMax offers I've received. I like to get appraisals from them even when I plan to trade a vehicle, just to kinda get a baseline. I actually sold a Tacoma to them a few years ago at the end of a lease and made out like a bandit. Was planning to just turn it in, but the lease buyout was only $14K and Carmax offered $20K on the spot. Paid off the lease, wrote me a check for the diff.

Came very close to selling them the 370Z Roadster that I ultimately traded for my current Vette. Their offer on it was several thousand more than I expected from Carmax, but the Dealer managed to do even a little better on a trade in for the Vette.

Kevin A Jones

I always get trade in value from dealer first then go to Carmax, they have always offered more, sometimes significantly more. No hassle and you will generally have a check in hand within 45 minutes of walking in the door.
You may get a little more than $37,000 through private sale but not without investing more time and money in advertising.

Fcal

I lost a 5 yr old C6 with 16000 miles on it to Sandy. Geico gave me $46K
It was a 2LT vert. I was very surprised.
It's not what we think about the price you were offered, but if it works for you.

CSevenGS

37k is strong for a 14 with 16k. But no, Carmax is not reliable on giving reliable values. Just saw video of guy taking a 2018 Mustang GT with 1300 miles, car is in perfect condition, almost all options, sticker just under 50k...offered him 28k. Seen many other examples of that kind of crazy. 37k is legitimate offer imo.