1stwhaler

What can I expect a trade in value for my14 Z51 manual, AW/Red, 2LT, 4800 miles, black wheels, Nav. On a new Z06 ?

rmorin1249

Get the latest auction values and that is about what you can expect. Using KBB or NADA will get you in the ballpark but most dealers use the most recent auction prices to quote actual cash trade in value. Unfortunately this is just about the worst time to trade a late model Corvette. Plenty of supply and winter weather do not bode well for trade in values for the next several months.

rcooper

This.

HogwildC7

Take to Carmax

bob guzzy

http://www.nadaguides.com/Cars/2014/...-2LT-V8/Values

This NADA value is on my zip code in NE Pa yours may be higher or lower????

traderfjp

The mileage is good. I'm seeing 3lts with 8k being listed from 50 to 52k on the realistic side and then some really crazy numbers. They may not discount the Z06 and make it look like they are giving you more for the trade. I'm thinking right now about 39 to 42 but I could be way off. Just my semi educated opinion.

Jbryant910

I have a 14 2lt z51 m7 black wheels, black interior with 13k miles. Tesla offered to buy mine for $48k for a trade in on a tesla model s. Easiest way to to get a real quote is to take it to carmax, only takes about an hour, that will give you a good idea. Hope this helps.

Jesse

Vetteman Jack

I agree with the Carmax route if there is one near you.

tunaman

Or contact Mike Furman, Criswell Chevrolet. Mike has major inventory, has allocations if you prefer to order, and has handled many trades remotely via phone/email.

Charlie27

yes, CarMax is much better than dealer trade in

Hopper12

Here is why I like to use CarMax: they give you a very fair offer and are not as hampered by bad weather because they can ship the right vehicles to southern outlets and move them. You then have their offer as leverage for a dealer trade-in if that's what you're thinking about doing (don't forget to take the sales tax implications into account if you consider trade-in vs. outright selling it).

CarMax is easy to work with. I've sold 4 cars to them over the past 10 years. I could have done a bit better on a 'private' sale, but I don't want to bother with it or deal with tire kickers who just want to drive a hot car. And CarMax is honest in their dealings - I was actually on the initial strategic team that founded them and set up the systems, operations, financing, etc. - - was originally part of Circuit City, which many people don't know.

Good luck.

SeaIsleZ06

Sales Tax implications should be no different. There will be a time window, but the sale of one vehicle and the purchase of another should not have to happen simultaneously for the tax offset. Of course, it you sell your old car after buying the new one, you will need to apply for a refund. You'll need to check the rules and get the right forms with the state office. Carmax or the selling dealer might help or at least point you in the right direction.

J_Vette_Manuel

1 - CarMax uses their own auction. I've NEVER sold a car to CarMax as you can ALWAYS get a better deal from the dealership you're buying from. You can use the offer as leverage however.
2 - Trade in value depends on YOU. How strong of a negotiator YOU are. I almost bought a used 15' Z06 for $80.7K and was being offered $55.8k for my 14 3LT w. 5.6k miles.
3 - At the auction 14 Stingrays are getting low to mid 50s... depends on condition and mileage. Some going into the 40s if rough and higher mileage.

Hopper12

A little clarification may help. In most states that I'm aware of, here is how it works: if you purchase a car and trade one in on the purchase as part of the deal, you get a tax offset. For example: If you're purchasing a car that costs $70,000 and you trade in a $40,000 car as part of the same deal, you pay sales tax on $30,000 (because you already paid sales tax on the trade in vehicle). In many states, if you don't do this in the same transaction - such as selling the 'trade' vehicle outright and not part of the same deal - you pay sales tax on the entire $70,000. If you use an example of 6% sales tax, this is a difference of $2400 in sales tax.

You could well be correct - that in some states there may be a window of opportunity to demonstrate your entire transaction and get a refund of the $2400 in this example. However, none of the 6 states I've lived in have had such an arrangement so the seller would need to check and be certain in his/her state.

Cheers!

Hopper12

[QUOTE=J_Vette_Manuel;1591085543]1 - CarMax uses their own auction. I've NEVER sold a car to CarMax as you can ALWAYS get a better deal from the dealership you're buying from. You can use the offer as leverage however.

Not trying to be a PITA at all, but this statement needs just a bit of clarification. I will always state when I know something, and when I merely think something. What I'm about to state is known to me - I helped found CarMax and know the algorithms they still follow.

When CarMax makes an offer on a vehicle (and they will make an offer on most any vehicle), they already know whether they want to sell the vehicle themselves or send it straight to auction. The ones that go straight to auction generally fit one or more of the following: high mileage, older than X years (X will depend on the type of vehicle, the mileage, and the demand for that model), poor selling colors/option packages, poor CarFax report (prior major damage is the primary), etc. Most C7s will not fit those categories, so CarMax will want to sell most C7s themselves - and are very willing to ship them to the right CarMax locations if they have to so they can get max $ and short turn time.

If a vehicle that is intended to be sold directly by them does not sell within a reasonable time (they have time window that 'forces' certain actions), they may reduce the price, ship to a different location, or - as a last resort on a car they would have preferred to sell themselves - send it to auction and be done with it.

The reason I share this is because CarMax can be a great way for some of us to sell a high performance cars (CarMax likes many of the high performance cars to sell, but not all - and they generally stay away from 'exotics') for a number of reasons: it's convenient (and many of us put a value on that), they almost always make reasonable offers, we don't have to hassle with tire kickers, and more. And you're right - if nothing else, it's a base to use as leverage. I've sold 4 high performance cars to CarMax in the last 10 years. When I traded my wife's '10 Denali in on a new '15, CarMax made a reasonable offer but I didn't sell it to them because the offer caused the dealer to come up on their trade offer and I got the sales tax benefits as well.

Hope this helps.

rkhegler

If you take your own jar of Vaseline with you to the Stealership, it won't hurt so bad. My advice is to try to sell it outright. :lo l:

droideka

I traded a car similar to your config (2LT, Z51, 7MT, Comp Seats) with the addition of MSRC and perf exhaust back in August and got $55K for it. Glad I got out when I did!

craigcurry

I just traded in my 2014 TR/Red 2LT with chrome wheels and Nav and 4600 miles on a 2016 Z06. They gave me 50K on my trade in. I got the Z06 from the same dealer that I got the 2014 from which may have help my case.

zcobra1

Twice to Carmax, waste of time for me. Lowball offers, Vette and Cad.
Sold both within days, Cad on Craigslist-one day........

Got $3400 more on Vette, and $4K on Cad. Not bad for a couple of
hours of effort.

phileaglesfan

Carmax is a great idea to at least get a ballpark figure. You are not going to get a real big difference more selling it by yourself.

Tax laws vary by state. Some make you pay all the sales tax over again, some only if you buy from a dealer, some it doesn't matter who you sell it to and buy the next car from. Some have no sales tax. Research is your friend on that.

It looks like yours is a Z51 so I would say about $50k, but someone can order a 16 for about invoice so you need to figure out that price for a 16 with similar options. If your car is only a few $k difference then most people would go for the 16, new car, new warranty is worth a few $k more in most cases.

Winter can be a real pain to sell a Vette if you live up north. Christmas time is bad anyway since people are looking to buy other things.

Good luck with what you decide to do. But I agree with trade in you won't get the trade in figure quoted on various states. They'll give you the auction price, because they want to make sure they can dump it.