Resale value on C7
Burning Brakes
Joined: Jul 2004
Posts: 948
Likes: 356
From: Katy Texas
Low mileage 2017's look to be listing for 37-42 (probably selling for 35-40)... So a high mileage would be at least 5k lower.. so that 28k offer doesn't seem too bad for the dealer to leave profit room.
It's not helping that you can get a low mileage 2019 for basically the same price.. I am seeing them listed for 38-47 all over..
These cars are a dime a dozen now.. Same thing will happen with the C8.
It's not helping that you can get a low mileage 2019 for basically the same price.. I am seeing them listed for 38-47 all over..
These cars are a dime a dozen now.. Same thing will happen with the C8.
Last edited by saleentim; Dec 9, 2019 at 10:28 AM.
Burning Brakes
Joined: Jul 2004
Posts: 948
Likes: 356
From: Katy Texas
Instructor
Joined: May 2018
Posts: 168
Likes: 87
From: Port saint Lucie FL
You should be able to squeeze out another k or 2.
What are you trading it in towards? New or used car? In my past experiences I've always been shown much more on my trade when its towards a new car.
What are you trading it in towards? New or used car? In my past experiences I've always been shown much more on my trade when its towards a new car.
Race Director
Joined: Oct 2011
Posts: 15,055
Likes: 1,613
From: Holly Springs NC
St. Jude Donor '16-'17,'22,'24
Yeah, that's LOW. Your car "looks" to be in good condition from the photo. I've found Carmax to be a decent indicator of value when you consider they do need room to mark it up a little for profit. at least in my area. Clean CarFax? Accidents? Been tuned? I can't help but wonder if there's more to the story.
Racer
Joined: Nov 2017
Posts: 436
Likes: 204
From: Wentzville MO & Port Charlotte, FL
I looked up what Carvana would give me for my '17 Z51 2LT A8 with 9000 miles and they quoted just a little over 40k. I did the same over early summer and I think the quote was like 45k. And honestly I don't think I can get much more than 40k selling it private party, maybe 2kish more. Mine still has 1 year left in the warranty too but I just don't see being able to get more out of these cars due to how cheap you can get a new one for.
Racer
Joined: Sep 2019
Posts: 469
Likes: 256
From: Gulf Coast AL
The C8 can’t be bought with a manual transmission and won’t likely be available for purchase on a dealership lot for quite some time (since they have enough preorders to account for all C8s being built for quite a while). Even when they start becoming available on dealer lots, there won’t likely be any available anywhere near the $60k base price for a while. In other words, the upcoming C8 has very little if any impact on the pricing of used C7s, especially those with manual transmissions. The 16+ Z51 2LT M7 is the sweet spot for buyers who want a manual transmission without getting into the bendy wheeled Grand Sport. Keep in mind that the Z51 2LT was a $70k+ car when new (the window sticker for mine with mag ride, PDR and several other options had an MSRP of almost $74k, even if nobody paid MSRP) so around $45k for a 16+ that is basically like new with very low mileage is still a good deal. If you want to pinch pennies, look for a 1LT with no extras.
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7th Gear
Joined: Sep 2014
Posts: 7
Likes: 1
The C8 can’t be bought with a manual transmission and won’t likely be available for purchase on a dealership lot for quite some time (since they have enough preorders to account for all C8s being built for quite a while). Even when they start becoming available on dealer lots, there won’t likely be any available anywhere near the $60k base price for a while. In other words, the upcoming C8 has very little if any impact on the pricing of used C7s, especially those with manual transmissions. The 16+ Z51 2LT M7 is the sweet spot for buyers who want a manual transmission without getting into the bendy wheeled Grand Sport. Keep in mind that the Z51 2LT was a $70k+ car when new (the window sticker for mine with mag ride, PDR and several other options had an MSRP of almost $74k, even if nobody paid MSRP) so around $45k for a 16+ that is basically like new with very low mileage is still a good deal. If you want to pinch pennies, look for a 1LT with no extras.
Pro
Joined: Jun 2016
Posts: 607
Likes: 330
From: Fredonia Mountain, TN
And this was in Tennessee, where I have another home.
Last edited by DPC57; Dec 9, 2019 at 07:02 PM.
Drifting
Joined: Nov 2019
Posts: 1,675
Likes: 872
From: Indian land SC
The C8 can’t be bought with a manual transmission and won’t likely be available for purchase on a dealership lot for quite some time (since they have enough preorders to account for all C8s being built for quite a while). Even when they start becoming available on dealer lots, there won’t likely be any available anywhere near the $60k base price for a while. In other words, the upcoming C8 has very little if any impact on the pricing of used C7s, especially those with manual transmissions. The 16+ Z51 2LT M7 is the sweet spot for buyers who want a manual transmission without getting into the bendy wheeled Grand Sport. Keep in mind that the Z51 2LT was a $70k+ car when new (the window sticker for mine with mag ride, PDR and several other options had an MSRP of almost $74k, even if nobody paid MSRP) so around $45k for a 16+ that is basically like new with very low mileage is still a good deal. If you want to pinch pennies, look for a 1LT with no extras.
yup...I just bought a 2017 z51 2lT with 5k miles for 46500....was very happy with the deal and they juiced up my trade in a bit too which was great
Thread Starter
Melting Slicks
Joined: May 2010
Posts: 2,674
Likes: 142
From: Aubrey Texas
Yeah, that's LOW. Your car "looks" to be in good condition from the photo. I've found Carmax to be a decent indicator of value when you consider they do need room to mark it up a little for profit. at least in my area. Clean CarFax? Accidents? Been tuned? I can't help but wonder if there's more to the story.
Thread Starter
Melting Slicks
Joined: May 2010
Posts: 2,674
Likes: 142
From: Aubrey Texas
I looked at two corvettes they had on the lot with 40k miles. They were Z06 LT2 they wanted $65 for both. And neither was as clean as mines. Even the sales person said that.
Pro
Joined: Jun 2016
Posts: 607
Likes: 330
From: Fredonia Mountain, TN
I think that really emphasizes how regional the pricing is. I traded for a 2017 3LZ Z06/Z07 with under 10K miles and an original sticker of $109K (AFAIK), and it was on the lot for under $64K
Safety Car
Joined: Jan 2006
Posts: 3,663
Likes: 361
From: Smyrna/Vinings, Georgia
Car worth 35-37 all things equal in above average but not mint condition. Deduct for worn tires or other obvious deficiencies. Would sell for 37-39 at auction brought up to front line ready.
Safety Car
Joined: Sep 1999
Posts: 4,909
Likes: 698
From: grand rapids, lowell mi. area
well you can bet when the new C8 comes out the C7 will be droping in price ,If I was wanting to sell my C7 ,I sure would want to do it very shortly ,im hoping to pick up a low mileage C7 in the low thirtys around march!!