rikhek

Black Book Trade-In Value for My CarI don't have access to Black Book trade values. I have access to Blue Book, Edmunds, NADA, etc but not Black Book.

Would someone with access look it up for me. Working a deal as I type and need to know the number to negotiate. Car:

2015 1LZ C7 Z06
Velocity Yellow
Black Wheels
Nav/PDA
15,900 miles
Very Good to Good Condition.

TIA

Rick

Katech_Zach

My Nextgear Capital wholesale value lookup has it at $70925 (AVG)
MMR $69,000
KBB Auction $68,124-$70,712 Good-Excellent

rikhek

Jason/Katech Crew,

GREATLY appreciated! Thanks for taking the time. BTW, I'm a good friend with Mike/TPC. I'm the guy who races the black Porsche 911T with the DSC controller and full shock package. You guys will sell a bunch of them once the fast/track guys get them and spread the word. I can't wait!

Rick

Thomasmoto

m7 or a8?

rikhek

Damn, I knew I forgot something. It's a M7.

Arctic Blastoff

Holy crap that seems low,I paid around 90k for one of the first models with comp seats.Is this if you were to sell it to a dealer or private party?I guess thats not including a stage 3 setup either.

Train66

Using the Appraise my Car section on the Edmunds website --- the results show the following:

Edmunds True Market Value®

Dealer Trade-in: $61,983
Private Party: $64,486
Dealer Retail: $66,373

find your vinMyAppraise
Skip the Hassle, Sell Smarter
Dealers compete for your vehicle by sending offers by e-mail or text
Easier and safer than selling your car to private buyers
Absolutely no obligation to sell or buy
Enter Your VIN

e.g. 2FMDK3KCXBBB11477
Get Started
Where can I find my VIN?


The numbers shown may be a bit lower than expected, but usually Black Book numbers are low depending on current auction results in your area.

z51vett

km
My dealer offered me 75000 on trade 16 Z06 2LZ torch red, black interior
Pdr auto nickel wheels 2000 miles.
z51vett
Doug

Katech_Zach

That's what a dealer should expect to pay for it in trade in or auction. They don't take into account many options. KBB was the only one that had provisions for trim levels.

Bill Dearborn

I used to attend dealer auctions with a small time dealer in upstate NY. He never considered the options when bidding. He took the base car value and the number of miles on the car as his guide.

Bill

2019 ZR1

I'm a used car dealer in Pittsburgh Pa. and I use NADA to price my vehicles.

Average auction $68,764

Average Trade In $69,575

Clean Retail $77,200

Most dealers try to stay as close as they can to auction value on a trade in value. You have to take into account how much mark up there is between invoice and sticker price and dealer hold back. They can show you more for your trade by using some of the profit and hold back. Good luck buddy!!

Arctic Blastoff

I cant remember for the life of me but on a 1lz what other options bring the price up besides comp seats?Carbon roof/nav?

2019 ZR1

Navigation. Z07 package. Roof. That's the only adds With NADA for a his model

Train66

The values of these cars is also determined by the local market. As of today buyers can purchase a brand new 1Lz 2016 Z06s for GM Employee prices ($72K approx.) via forum dealers (please see Les Stanford thread under the Dealer Inventory Forum as one example). Furthermore current Corvette owners are eligible for further rebate incentives.

One idea to test the market price for any car is to put the car up for sale on ebay with a given reserve and see what the market says.

Also check the C7 for sale forum to determine what prices bring interest and sales versus those cars that are not priced properly, given the available brand new inventory and low prices of used C7s at dealers.

Batman 357

If the dealer can't make a good chunk of change they aren't going to do it. Try to sell it yourself at a little above trade in.

Train66

Take a look at this deal that was just completed on a brand new 2016 Z06 with the A8 --- with the loyalty rebates these cars are available for incredible prices if a buyer is willing to be patient and shop carefully - start with the Forum dealers.

The used C7 Z06 market prices are impacted by the sale prices offered on the brand new 2016 inventory, but prices can vary based on location.

https://www.corvetteforum.com/forums...-z06-1ltz.html

rikhek

Typical Corvette Forum response having NOTHING to do with the question asked by a Master of the Obvious. What a revelation. I never knew dealers wanted to make money. I thought they existed to give stuff away to people, sort of like the government....

LPE385

Here's a screen shot of the past few 1LZ 15 Z's going through Manheim.

06/30/16 Manheim Detroit $71,200 4,293 Miles Avg BLUE A8

06/23/16 Manheim Palm Beach Regular $68,000 13,064 Avg YELLOW 8G M7

06/22/16 Manheim Dallas Regular $71,500 9,250 Avg BLACK 8G A

02/24/16 Manheim Palm Beach Regular $69,700 12,285 Avg YELLOW 8G M7

10/19/15 Manheim Orlando $72,200 431 Above RED 8G A

10/07/15 Manheim Palm Beach Regular $78,500 6,211 Above WHITE 8G M7

ZR1Bob

As a couple of posts have noted, lots of variables go into valuing a trade in. The trade in price reflects what the dealer can get for the car at auction as well as what is happening in the new car market. Lots of discounts on new cars lower the wholesale value on used ones. In my first retirement job I spent 8 years selling BMWs and MINIs and evaluating trades. The advice I always offer is to get a true current trade in value, you need to get a real price from a real buyer, not a book. If there is a Car Max near you, go there. They will value it and give you a piece of paper stating the value that they will pay for the next seven days. Come back on day seven with the car and title and you get the money. That is a true current trade in value. Often higher than what a dealer might offer. If you want to trade to a specific dealer, make sure you bring the current Car Max offer. If their offer is lower, show it to them. I know that we would always match CarMax to earn a deal. And also depending on what state you are in, the trade in can lower the taxable sale amount; at least it does in Illinois. So where we were, a buyer would reduce his sales tax by 7% of the trade in value, which needs to be taken into consideration when evaluating your transaction --Bob

Boba Fett