ZL1 Trade in Value

[joes407]

Simply put the new c7 vettes have killed the resale value of the zl1 for now at least. Who wants to buy a $58k msrp camaro with a gas guzzler tax added on when the newest vette starts $54k msrp gettin 30mpg with no gas guzzler tax? If the new vette came out in 12 the zl1 wouldve flopped in my opinion.

[boondocksaint]

The C7 has a lot to do with it, and that may be our saving grace in the long term. If the 2014 sales are miserable, I imagine GM will kill it, making it a three-year car. Which would be good for resale.

But getting mad at dealers for poor trade-in value? And thinking that "banding together" was somehow going to squeeze more money out of them? I fail to see the logic in any of it. Perhaps I'm just dense.

[Tyler H]

Originally Posted by 1sweet11SS

What you don't seem to understand is when you attempt to sell an item (whether it be a car or gold chain) to a BUSINESS who is in the BUSINESS of making money, you will always be low balled. At times you can counter their offer, but do realize you will NEVER get retail value.

Remember there are additional costs after they purchase your car. Inspection, advertisement, and commission to the sales person to name a few. All of these eat into any potential profit. This is BUSINESS......not a "Chevy not standing behind their product" issue....

Private party sales don't have these issues. When you sell to a private party, they have no intention of reselling, therefore they will always pay more.


To call people "sheep" was a big

+1 . A business can't survive on doing things for nothing. They need to make a profit. As you stated there are many costs involved. Lots of people dont't get that! My thought is that if you don't like the number given to you then sell it yourself and deal with all the hassles involved. And there are a few! I personally don't have the time or energy to deal with the BS. Got much better things to do.

[1sweet11SS]

Originally Posted by Emvici

nice write up V8. I truly am not all that interested in selling my car. I was just appaulled at the dealers practices. I agree with you completely about what and who the dealers are and what they are trying to do. MY hopes is just that owners would band together causing the dealers to treat us better. Its like owning a stock, if you are willing to just dump it then the stock will bring nothing. Dealers know that if we trust them, they will hit a home run off us.

If you understand what dealers are about, you should not be appalled. This is not something new. Band together and what? Hold onto your "stock" until you (we) get a better resale price? You do realize Chevy and dealerships control the value of your "stock" because they produce it and dealers sell them?

By offering discounts (my local dealer is offer $3500 off a 2014 ZL1) and making them easily available, this is what determines the trade in value of you car. Not how long YOU or (we) hold out and "band together". This is why you NEVER pay more than MSRP and wait a year or two after a new model debuts to get the best price possible. After they hype is gone, dealers start dropping mark ups and start giving discounts. This is what caused your car to drop, not sheep following each other.

[1sweet11SS]

Originally Posted by Emvici

making a profit, and mugging the customers are the issues.

Making a profit is an issue? Yep......you don't get it.

[ZED SLED]

Originally Posted by 1sweet11SS

Making a profit is an issue?

There was a guy on TV last night who feels the same way. He doesn't get it either.

[1sweet11SS]

Originally Posted by mclark10

There was a guy on TV last night who feels the same way. He doesn't get it either.

LMAO! I think I know who you're talking about. Nice one....

[irocnroll]

Originally Posted by Emvici

making a profit, and mugging the customers are the issues.

And this is why the economy is in the toilet. People that have thoughts just like this.

[Emvici]

No problem with making a profit, infact I willing paid mrsp on my Zl1, but there is a huge difference between making a profit and gouging the customers. Some people just cant get what I am talking about either.

[justa25thTA]

If someone enters into a contract willingly and knowingly, they aren't being gouged.

[Emvici]

lol

[Front Runner]

Originally Posted by joes407

Simply put the new c7 vettes have killed the resale value of the zl1 for now at least.

I believe that will change when the market is flooded with C7's.

Originally Posted by boondocksaint

The C7 has a lot to do with it, and that may be our saving grace in the long term. If the 2014 sales are miserable, I imagine GM will kill it, making it a three-year car. Which would be good for resale.

I agree......

[1sweet11SS]

Originally Posted by justa25thTA

If someone enters into a contract willingly and knowingly, they aren't being gouged.

Bingo. It's really that simple.

Did you accept their offer? Were you forced into a decision against your will? Gun to your head?

No? Then don't take their offer so personally. They are in business to maximize profits with minimal risk. The best way to handle this if you are not happy is to go elsewhere (likely will get a similar offer +/- 1K) or sell it privately.

Whenever you trade in a car to a dealership (especially within the first two years of ownership) you will be lowballed. If you change your mind soon after purchasing a vehicle or have thoughts of selling it, you might leasing for 2-3 years.....may be a better option.

There will be no "banding together".....for a "used car resale value revolt vs the evil dealerships!"

[ZED SLED]

Anytime a dealer agrees to a sale, they made a good deal. Whether you did or not is up to you.