What's a typical hit to a man's wallet when he buys a new car then trades 500 miles
 

Okay, just throwing this out. I bought a CRT ZL1 a few weeks ago for roughly $58K. Now my heart has me wanting another rally yellow car. I found a few yellow ZL1 cars in my area.

Dare I ask how much of a hit this will cost? Obviously my CRT ZL1 is in brand new condition but is already technically used.

What do you guys and gals think?

On paper a "good" dealer/salesman should be able to make you think it's barely costing you anything. In reality, probably several grand.

prepare to lost several grand in the trade. trading a car after less than a year is never pretty, but the sooner it is, the worse money/time depreciation tends to be.

As stated its going to be a few grand. Not really a smart move but if you want it and the loss doesn't bother you, why not?

going to loose several grand on the car, plus whatever you paid for taxes, title, tags, etc.

Why you don't paint your yellow? :yikes:

If the ZL1 was new when you bought it, it will now have to be sold as "used" since it was titled. This alone will bring the value down by a few thousand. I'm sure the dealership would love to do a deal though, as they will be making thousands off you on both sides of the deal.

Seems like a mistake.

the sooner you trade the better deal you'll get, it's easier for a dealership to sale a $58k car with 500 miles and say the first owner changed minds on the color, that's believable, once a car gets 10k miles on it, people tend to not believe those stories and think it might be a lemon car. although I like the red,its a good color.

The day you drove it off the lot I would hazard to guess you lost closer to $5k on a $58k vehicle. Pull up NADA or KBB and enter in your info and look at clean trade-in, if you are lucky you will pull that amount. If looking at NADA I would guess you would get between average and clean trade-in. JMO.

Dean. :popcorn:

You don't loose the money you paid in taxes.

Wow, not a fan of the the yellow. Be prepared to bend over for thr dealer. Couple of grand youll be losing, why not just paint if its a color issue. Everthing else is the same.

It looks like I'd take a pretty good beating if I do the deal. Guess I will miss having a yellow car.

I traded my 10 for an 11 after a year and with the $1,500 from GM I only lost $1,000.

It probably would cost less to just have it painted, and you would most likely end up with better paint job that way.