Trade in Value?

[sneakypete]

Has anyone recently traded in their 1LE?

I have a 2014 2SS 1LE that is in show room condition with under 9,000 miles and i feel like i keep getting the run around in terms of what the dealerships are willing to give me on trade in. I understand trade in value is always lower than what a vehicle is worth but they are only offering me 22,000 for trade in. Does the 1LE just lose its value quickly or is it that no one knows the difference between the 1LE and a regular SS?

[sherob]

KBB, ~$24,500... w/ some assumptions on my part on what your options are.

You have to realize, w/ 2016/2017's out there, and GM incentives... you are just out of luck.

[sneakypete]

Originally Posted by sherob

KBB, ~$24,500... w/ some assumptions on my part on what your options are.

You have to realize, w/ 2016/2017's out there, and GM incentives... you are just out of luck.

KBB isnt the most reliable, Blackbook has is at 29,000 but I understand your point of view. Its just crap that i have a car that has 11 grand in negative equity at this point. AWESOME!!!

[locktyght]

Originally Posted by sneakypete

Has anyone recently traded in their 1LE?

I have a 2014 2SS 1LE that is in show room condition with under 9,000 miles and i feel like i keep getting the run around in terms of what the dealerships are willing to give me on trade in. I understand trade in value is always lower than what a vehicle is worth but they are only offering me 22,000 for trade in. Does the 1LE just lose its value quickly or is it that no one knows the difference between the 1LE and a regular SS?

Originally Posted by sherob

KBB, ~$24,500... w/ some assumptions on my part on what your options are.

You have to realize, w/ 2016/2017's out there, and GM incentives... you are just out of luck.

The '16 incentives is killing the 5th gen trades right now, I got lucky that the 16 I ended up buying had sat on the lot for a long time. Like you, i felt the dealer was low-balling my trade at 24.5k for a 15 1LE with 10k miles, it took a week of beating them up before they finally agreed to come up to 28.5 to move the 16 which had a sticker of 53k, but I got it on the 20% deal for 42. Id say work on em some more, but getting close to 30k will be like pulling teeth.

[Midnight Rat]

I was offered 27000 for a 2013 1le 6500 miles with recaros. I would say yours is low.

[paul84043]

These cars lose roughly 30% the second you drive them off the lot.
Best bet, be the second owner or score one at the 20% off sale.

[sneakypete]

Originally Posted by Midnight Rat

I was offered 27000 for a 2013 1le 6500 miles with recaros. I would say yours is low.

This is what i was thinking, granted I am in Wisconsin and winter is about here so i guess i'll just try to sell it out right.

[paul84043]

Book value is what a bank or credit union will loan on it and a dealer is not desperate to grab a vehicle he can't sell in the winter.
They're low-balling the crap out of you.

I book yours, not knowing all of your accessories at between 30K and 33K.
My credit union uses NADA.

[Freddy G]

I took mine to dealer asking about trading a 17 1LE a month ago. They offered me 34k Canadian, so like 25k US..There is NO way I'm giving her up for that.

[Elihu Smails]

Originally Posted by sneakypete

This is what i was thinking, granted I am in Wisconsin and winter is about here so i guess i'll just try to sell it out right.

Recaros? NPP?

[Jayjellyfish212]

It gets expensive to keep up with the neighbors leading you to being upside down with your check book. Don't take the bait. Keep that bad ass car and mod her up!

[gajagfan]

We were offered a minimum of $23K for our '13 with 45K on it far from showroom condition (daily driven 1LE so missing some paint in gill area, few scratches, etc). I think your number seems low, but who is to say.

[Thor142]

If you want to drive the latest greatest car every few years lease it.

[lbls1]

The dealers are going to really undercut you on trade-in amounts. You have to be careful with the dealers and trade ins, because they balance the trade in values and their offers in order to make a profit. So if by chance you get a good trade in offer, I'd double check your deal price, as you might not be getting as good of a bargain as you could.

Trading a car is beneficial if you can't get rid of a car (or if you don't have time to), but get ready to get insulted if you decide to trade in your mint and babied car for the latest version of it.