I am thinking about to sell my grand sport for a Z06. Before, I need some advice regarding the value of my 2017 GS 2LT, torch red, A8, with performance package, PDR and NAV. Bought it last september with 500 mileage, now 3100, never track. Seems to be in perfect condition.
According to you, in case of trade-in in Chevy dealership, what is its value?

 

 

The best and only reliable advise you're going to get is from a reputable Chevrolet dealer directly.

No need to chase threads around looking for clues. ^^^^

Get on the horn first thing in the morning with Mike Furman @ Criswell Chevrolet in Gaithersburg, MD. A CF sponsoring Chevrolet dealer.

Mike will give you firm numbers to make your decisions on pricing, trade-in, etc.

You'll be glad you did.

 

What your car is worth in trade, or what the price of the new car is, are both worthless numbers to concentrate on. Unfortunately far too many people make that mistake and get fixated on one or the other. The only thing that matters is the difference you pay; how they get to that number, whether giving you more for your trade or coming down on the price of the new one, doesn't matter.

We recently traded the wife's '14 Explorer for a new one. I did a bit of homework before we went to the dealer. After the test drive of the new one we sat down with the salesman. His first question what what we needed the monthly payment to be. I stopped him and told him we didn't want to talk about payment amount, interest rate, trade value, or new car price; I gave him a number for the difference and said if you can get there you have a sale. He was speechless for a few seconds, then said "I don't think we can do that." He then left to talk to the manager. When he came back he was dumbfounded and told us it was a deal.

 

Firstly, you got great color. TR's are always welcome on a dealers lot as a lorelei. But, as I noted with a 2017 A8 GS Z07 Comp seats, extra grand paint I had been tracking for over a year; the brand new sat in the showroom forever 2017 $82k GS 1lt just sold this past weekend for (dealer asking) $60,990. of course I don't know if the dealer threw more IVC's to move it below this price or not. If I ever see it for sale again I will only see a $60K new car now used, and expect good discount from that. The MSRP is (was) meaningless. GM saw to that with this crazy three model years in two clearance pricing this year.

And the GS will command more as it is the hottest attainable C7 now.

And it is the summer premium price time for vettes.

And we can sit around the forum cracker barrel and swap lies forever.

Drive to dealer, get trade-in value, and remove all doubt. Drive to CarMax, get we buy your car free quote, and second the opinion. put it up for sale yourself on this forum and ask the website's blue books, black books, NADA, KBB's and MECUM auction price final sales prices price and see who walks up to buy.

good luck!

 

 

Thanks all for your answers.
I saw two Chevy Corvette dealership whose proposal was 53/54 K$. 10k$ less than when I bought it. I did not expect such a gap.

 

Steve is correct. If they can't make the deal at the differential price, they'll say 'no.' If they can, they will make the deal. Cuts down all the back and forth. It either works for them and you, or it doesn't. And you go down the block or around the country. But you DO have to do some homework before you get there.

PS You didn't expect such a gap.

"Thanks all for your answers.
I saw two Chevy Corvette dealership whose proposal was 53/54 K$. 10k$ less than when I bought it. I did not expect such a gap."

It's a 2-model year old car which, if you read the thread by MMD has Van Bortel saying cars will lose approx. 5% per year. What is 10% of what you paid for the car?

 

I took the same approach as Steve_R when I brought my Grand Sport back in October. I did my homework as to a fair price for my 2016 Camaro SS as a trade-in as well as a fair price for the 2017 Grand Sport. I told them this is what I had to spend out-the-door and they took it.

 

Seriously? You are lucky it is only 10k less than when you bought it.

 

Dealers just look up what auction cars are going for. My 2014 3LT non-z51 car at the local auctions with 40k miles were 33k when I was in BSing with my dealer...he looked up the prices with me there and that was a month ago....get a listing of auction car prices and go from there.

I would be lucky to get 37k from mine so you figure MAYBE 5k diff in auction vs markup price....average.

I will be listing my car for 37k and the end of summer....so if anyone wants to put a deposit down let me know ... LOL

 

Generally, cars depreciate about 15% each year.

 

 

You may. It comes from reading about it and observing prices. I didn't make it up. And it doesn't imply a car will ever be free (in fact, it implies it will never be free, just very close to free). The 15% is taken off each year's reduced price (not the original price). It is only a rough rule of thumb, but I have found it surprisingly accurate. It suggests that a car loses half of its value about every 5 years. (For example, a $100k car sells for about $50k after 5 years, and for about $25K after 10 years.) Check it out. It's not perfect, of course, but I have found it very useful.

 

The GS is march 2017 delivery. So if I understand, it's a one year old. So depreciate must be "only" 5%. Not 10.

 

I use Edmunds.com and KBB.com. Both will give you a range for trade-in value. FYI - It will be less than you want/expect/need.

If you are looking at NEW on the Z06, be sure to check out truecar.com as it will give you selling trend values, based on model and options.

 

 

 

Thanks for referring to this thread/post. I just want to chime in and state that my post on C6 depreciation is a generalized statement. There are many variables and +/-'s. I don't think it would be fair to compare used C6 depreciation to a 1 or 2 year old used C7.

Yearly depreciation percentage tends to be at it's greatest early in a Corvette's life and lessens as time goes on.

 

Wow. I said it was a rule of thumb that I find useful. I also said generally why that is the number I use. Take it or leave it. I don't know why you seem to take it personally, get defensive, and turn it into some kind of competition. A competition that you win, of course. It's weird.