Think this is a fair price?
 

2014 coupe, auto, 3LT, laguna Blue, Z51, 9,800 miles, Dealer is asking $64,000. I offered $59,000 both sides standing pat. What do you think?

The 59 k is a good price. That's what I paid for my Z51 about 8 months ago.

its now 3 model years old...stand pat or walk away. everyday its on his lot its costing him $$$s

Uhhhh no

I think you mean 2 model years old.

No way.

It's really what its worth to you.

For a datapoint, I just paid $62K for a 2016 z51, 1LT, mag shocks, A8, black wheels, and a 5-year wheel and tire warranty.

Difference, this car has A8 with additional cooler, mag shocks, 290 miles, and 2 more years of warranty... but no 3LT.

Its your call.

2014s are 2 year old models, not 3.
MSRP for an equivalent 2016 is $71k +depending on other options.
This 2014 is worth mid to upper $50s, after deducting 2 YEARS of depreciation.

As a reference point, you could negotiate an identical new 2016 for high $60's - low $70's.

I say walk if they are stuck on price of the 2014.

From an auction standpoint the 2014 Covette C7 Z51 Coupes that have sold at auctions between 1/01/2015 and 8/5/2015 all with lower miles and in the range from 3000 to 6000 miles have crossed the auction block with a selling range of $51,000 to a high of $63,000.

The average is in the $54,000 to $58,000 range, and some of these are the 2014 Z51 Convertibles. So if these auction cars end up being sold on a dealers lot, it is most likely marked up $3000 to $4000 at most.

So your $59,000 from a dealer is fair, and the dealers price of $64,000 is a bit high.

From my research, without knowing the exact VIN I would suggest $59,000 is a fair price point to bargain down to.

Good luck in your negotiations.

I would offer them $55k. $62k seems like too much for a 2014 with almost 10,000 miles on it.

Pretty much what he said...^^^^^^


I'm thinking there have been more than a few 14's that are loaded up 2's and even a couple 3lts that were offered in your price range right here on the forum...




Good luck you gonna love it.

Another way to analyze it:

In 2017 and and beyond identical 2014 and 2016 C7s will be valued at about $10k apart.

So, if you plan to keep the 2014 a couple years or more, you want to compare the purchase price on the used 2014 to what you can get a new 2016 for.

Again, an identical 2016 MSRP is $71-$76k, depending on options. You can buy one from a forum dealer for about 7% off, so $66k - $71k.

To cover for the fact that in the future the 2014 will always be 2 years older and about $10k less in value than the 2016, you don't want to pay anymore than $56-$61k (depending on exact options) right now for the 2014.

I would agree but with one consideration...

In the used market, options depreciate at a much higher rate than the base car, so the 3LT option may cost $8K more new, but may only add $1-2K in value used...

Unless the Z51 and 3LT options are non-negotiable requirements, frankly, you can buy a brand new 2016 base C7 for less than $59K... and the base car is a really, really great, well equipped car.

Again, if this is exactly the car you would order new, then its a good deal, if not, maybe it isn't.

umm. you can have a 2016 Z51 LT2 for 59. Find yourself a better deal.

Maybe one with no other options and a 7 speed, and not for long if at all. Dealer cost went up, that means higher selling prices on 2016s.
OP just needs to know if the car is good deal. What he can get a new one for with half the options may not matter to OP.

$59,000 is the best price. If not go find a 2015 new at that price. I woul prefer you look for a new one first.

The last time I was in a standoff, I went up $25 and got it. it seems they just wanted to see if I would budge.

ok. it's a **** deal.

We have brand new 2016 3LTs with Z51, Mag Ride, and more for $71,000. $64,000 sounds way to high but $59k is not bad if he will come

Dave

I always wonder about those "model years," too Let's see: first model year was '14; second was '15;we are now in '16. So, is the first model year compared to the third model year, 3 model years old? This IS the third model year, right?