[pdiddy972]

Originally Posted by MovieGuy

That is the strategy I use when I DO buy a car. I NEVER buy it the day I drive it. I always say "not good enough" and go home. I wait until at least the third call before I go back. It is amazing the deals you can get when they think you might go shop around.

Are you doing numbers with them the day you drive it, and saying not good enough to those numbers? Or simply test driving, saying not good enough (presumably to the car itself)? In the latter case I'd wonder why they'd even be calling you...

[gringo]

Man, I don't know how you guys do it. Trading in a car so early, you are taking a beating on the depreciation no matter what spin the dealer likes to tell you.

At a minimum, I would keep a car for at least 3-4 years before deciding to get rid of it. However, every car I have owned I have kept for at least 7-10 years, one of which I've had since '96.

[MovieGuy]

Originally Posted by pdiddy972

Are you doing numbers with them the day put drive it, and saying not hood enough to those numbers? Or simply test driving, saying not good enough (presumably to the car itself)? In the latter case I'd wonder why they'd even be calling you...

Day one I drove the car. We talked numbers. I said no deal. Day two they started calling me offering me better deals.

[stella16]

The trade in would be for the 10 speed ZL1. Just daydreaming really. I understand the hit that I would take. It's company owned, so that eases the pain a little. I have considered just keeping it and waiting until 2019 or 2020 to buy a Z.
thanks for the responses
again, just daydreaming

[gosutag]

Originally Posted by gringo

Man, I don't know how you guys do it. Trading in a car so early, you are taking a beating on the depreciation no matter what spin the dealer likes to tell you.

At a minimum, I would keep a car for at least 3-4 years before deciding to get rid of it. However, every car I have owned I have kept for at least 7-10 years, one of which I've had since '96.

It only makes sense to sell a car at least a year after buying it. More sense after two years of buying it and then up to the owner after that.

[raptor5244]

Originally Posted by gosutag

It only makes sense to sell a car at least a year after buying it. More sense after two years of buying it and then up to the owner after that.

Are we talking financial sense? If so, it really never makes sense to buy a new car with the plan to sell it in a year or two. Ideally, someone would buy that one or two year old car from you while still in good condition and under warranty. They will only have to deal with 5-15% depreciation over years 3-5 vs the 30-40% hit the first owner incurs in the first two years.

[Captain Obvious]

Here's another opinion...

My understanding is that KBB and NADA are both antiquated. Black Book value is the most common one used by dealers now, as it's updated weekly and based on real time auction prices. Last two cars I traded came in much closer to Black Book than Blue or NADA.

Black Book is usually not available to private parties, but if your Google Fu is strong, you can usually find it on the internet, on some Credit Union sites usually.

[Glen e]

Originally Posted by Captain Obvious

Here's another opinion...

My understanding is that KBB and NADA are both antiquated. Black Book value is the most common one used by dealers now, as it's updated weekly and based on real time auction prices. Last two cars I traded came in much closer to Black Book than Blue or NADA.

Black Book is usually not available to private parties, but if your Google Fu is strong, you can usually find it on the internet, on some Credit Union sites usually.

It's changed again .....Manheim auto auction and the other big auction player around the country are online now, and dealers just go straight to their screen see what the exact car sold for going down the lane, last week…