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Old 10-17-2011, 02:45 PM   #1
Brian52682
 
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2011 1 SS Convertible Trade In Value

Anyone know roughly what the trade in is for a 1 SS convertible with the RS package, hurst, stripes, connectivity pack, boston accoustics premium sound, etc.? I am really thinking about trading in my SS and getting a pick-up and ordering a ZL1. Oh I have 3200 miles on it btw.
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Old 10-17-2011, 02:47 PM   #2
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Start here maybe!

http://www.nadaguides.com/
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Old 10-17-2011, 02:51 PM   #3
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I would suspect you will take a beating. Changing your mind on new cars in a matter of months is a very costly decision. Sell to an individual to limit your losses.
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Old 10-17-2011, 02:54 PM   #4
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GO TO kbb.com used car values.
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Old 10-17-2011, 02:55 PM   #5
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Quote:
Originally Posted by Kwik View Post
I would suspect you will take a beating. Changing your mind on new cars in a matter of months is a very costly decision. Sell to an individual to limit your losses.
+1
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Old 10-17-2011, 03:00 PM   #6
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Well I wasn't sure if I could afford a ZL1 but some things changed in my life and now I know I will be able to so I may hold onto the SS for a little while and get a pick-up then maybe get a ZL1 in about a year. Any suggestion on the best time to sell a car? 1 year? 2 years? etc... I don't want to lose a LOT of money but I know new cars depreciate quickly.
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Old 10-17-2011, 03:09 PM   #7
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Typically as soon as you drive that car off of the lot new you will lose 20% if you go to trade it in within that first year. The value of the car if sold outright may be a little higher depending on the car itself, if the car is a real rarity which most of the new 5th gen cars are not, then it all comes down to what the market is willing to pay, but as others have said you are going to take a beating trying to trade it in within the first year. You also have the fact that winter and the holiday season are coming up which is about the worst time to try and sell a car.

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Old 10-17-2011, 03:11 PM   #8
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Keep it AT LEAST until it is worth more than you owe on it.
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Old 10-17-2011, 03:12 PM   #9
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Keep it AT LEAST until it is worth more than you owe on it.
Well already is, lol. But I have no savings now
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Old 10-17-2011, 03:25 PM   #10
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Well already is, lol. But I have no savings now
Speaking as a former banker...Do you really want to buy a new car with no savings to fall back on? I saw so many people do that, lose a job and poof..car is repoed.
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Old 10-17-2011, 03:29 PM   #11
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Take what ever you paid, minus tax title and license. Then subtract about 4 grand. That about is your trade value. Unless you are going to buy a new big diesel pickup ($50,000), there is a lot of room on those so the dealer may work with you
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Old 10-17-2011, 03:29 PM   #12
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And don't worry about what anybody else thinks. If you want to get rid of it, then send it down the road.
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Old 10-17-2011, 03:44 PM   #13
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Speaking as a former banker...Do you really want to buy a new car with no savings to fall back on? I saw so many people do that, lose a job and poof..car is repoed.
If I lose my job I have this little stuff called stock that I could live on for a year or two.
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