MikeERWNC

I paid 35K OTD for a 2015 in November with 42K miles with exhaust option and PO had just installed new Michelin PSS.

This was at a Lexus dealer in ATL.

35K was my number to buy a C7. I was happy to pay.
So if I gave 33K before Title, Tax & Tags, I am sure the dealer did not give the PO more than 30K for trade in value. Probably much less because of 42K miles.

cheapthrills

Yep traded my 15 Z51 in the end of October for a 17 Z06, the price was a bit shy of what I was hoping for but the Z had a huge discount. In the fall all the C7's are so discounted they have to take that into account when offering you a trade in. Fortunately I bought the Z51 at a pretty good discount as well. The trade in price really stings for anyone who pays anywhere near MSRP on these cars, then they are like

direct007

You did well and I can almost hear the conversation that they had with the previous owner. "Well sir, you realize that most vette owners only drive 2000 miles per year at most. Your car has an average of 14,000 miles per year on it and it is now out of warranty. We can only offer you $28,000. As we will never be able to sell your car otherwise." Previous owner: "If you go $30,000, we have a deal"

thill444

Yes so many people overlook this or don't factor it in. Really depends on your tax rate and also the deal your dealer is offering on trade-in. There are a number of dealers that will acccept KBB book value (you just pring off the paper and they confirm your car matches the data). I have done that several times and KBB almost is always higher than other trade-in offers from what I have seen.

thrilled

People need to remember that the dealer needs to make money.They have high overhead.
You can always sell it on your own.Many people don’t want that problem so they get less.

Phanni

That is a point that many folks don't understand.

thill444

Many private sellers also don't have realisitc expectations either. It works both ways. The other comlplications with private sales is that mant owners selling the car still owe money and don't have the title in hand which makes things more complicated and can really limit your buying pool.

OVR60

All the incentives and discounts are deducted from trade in value when it comes time to sell. The 2017's are a 2 year old car.

Bavaria

FWIW I had taken my 4 year old BMW (with 19k miles - perfect condition) in for its final free service, and was subsequently called by the dealer asking if I was willing to sell or trade it to them. I did research on its worth, and contacted them advising that for the right price I would sell it. End of story - they offered me approx. $2000 below what I was willing to accept. Out of curiosity, I took it to CARMAX (never been there before) and was offered exactly what I wanted. BTW, theirs is a no haggle deal - take it or leave it.
I took it and shortly thereafter ordered my C7.

orca1946

With tax savings at the dealer trade in --- you would have been almost even with the more $$ at carmax. IMHO

Bavaria

However I wanted to sell it, not trade it.

z06inVB

obxchartercaptain

Actually, Dealers use AUCTION PRICES for trades....If they can't sell a trade in 30 to 50 days they are pretty sure they can get their money back at the auction....

cuspid

Buy'em right get out of them right. Bought my base 13 new for 33,900 traded it 5 years later for 29,000.Lost 4900 in 5 years