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12-29-2014, 04:18 PM
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#1 |
 Drives: 2014 ZL1 Join Date: Sep 2012
Location: West Virginia
Posts: 591
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20% off killing trade value?
I have a 2013 ZL1. It has a sunroof, polished wheels new tires all fluids changed, and supercharger recall completed. My car has about 19700 miles on it. I found a 2015 that I liked with recaros and optional wheels. MSRP of the car was a little over 65k and with the 20% off they were going to let it go for about 53k. I have looked at NADA and KBB for the book value and stuff on my car, but the dealership only offered me 30k for my car.
I think this is pretty low, as I paid quite a bit more for my car in the middle of 2013, but is this going to be the trend now, or do you think that trade in will go up when this sale is off? I know it is all about the difference in price as opposed to just sale price and trade in value, but still 30k.... |
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12-29-2014, 04:20 PM
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#2 |
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KaBoom1701
Drives: 13' ZL1 Red M6 Join Date: Dec 2012
Location: I.E. SoCal (Yucaipa)
Posts: 8,631
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Most dealers can buy a 13' ZL1 for around 35k at dealer auctions right now.....
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Mods:
Roto-Fab Intake, WW Res. kit & Big Gulp Air Scoop, Elite Catch Can, ATI Super Damper & 18% OD Pulley, LF Idler pulley bracket, Metco CC breather, ID850 Injectors, Stainless Power Headers w/ ceramic coating, TR71X Spark Plugs, JMS Fuel Pump Booster, Bo White TB, Tuned by Ted @ Jannetty Racing, Ron Davis HX, D3 Reservoir, Pfadt 1" Springs, Moreno Camber Plates, ZL1 Addons Splitter guard washers, Tow Hook kit & rock guards, Hurst Shifter Billet Plus 6 Speed Short Shifter, ZL1 DRL lighting harness, ZL1 Recaro Seats. |
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12-29-2014, 04:22 PM
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#3 |
         
Drives: 2002 Camaro SS SOM; 2015 Malibu LTZ Join Date: Dec 2010
Location: Queens, NY
Posts: 4,071
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Wow what an eye opener. I've seen this before where the new cars were selling for less than the used cars (2008). This is a buyer's market with the huge discounts. If it were me I'd hang on to the car for awhile or try to find a sympathetic trade with a kind dealer. IMO you'd be better off waiting until the discounts are over.
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'02 CAMARO SS SOM; 5.7L LS1/FLS6B
'08 TBSS AWD Black Granite Metallic '15 Malibu LTZ 2LZ Turbo '14 CAMARO ZL1 Blue Ray Metallic '25 Silverado 1500 High Country 6.2L |
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12-29-2014, 04:30 PM
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#4 |
 Drives: 2011ShelbyGT500 Join Date: Jan 2014
Location: Louisiana
Posts: 293
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I questioned this before, sad to see it's true.
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12-29-2014, 04:32 PM
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#5 |
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Drives: 2014 ZL1 Join Date: Sep 2012
Location: West Virginia
Posts: 591
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Yeah, I am def going to wait before I would trade. I figured trade would be low, but I never thought it would be that low.
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12-29-2014, 04:56 PM
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#6 |
Drives: 2012 45th Anniversary 2SS LS3 Join Date: Feb 2012
Location: Charlotte, NC
Posts: 2,812
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WOW! Did they at least offer to take you to dinner first?
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12-29-2014, 05:04 PM
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#7 |
Drives: 2013 ZL1 Join Date: Oct 2011
Location: tangent or
Posts: 2,985
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30k is redicualously low but dealers love to do that. Just sell it on ebay. cars very rarely sell for lower than 40k there.
the lowest sold car in the last 30day is 39,700 and one with more miles than yours for 43k. dealers and trade is always a slippery slope. I had a dealer offer me $3500 trade on a car I sold outright for 11k. (2001 mustang GT in 2008) bottom line is the 20% hurting resale right now absolutly. it is only around until jan 2nd though. anytime the price of something new drops by that much it will always impact resale. trading a car like this into a dealer is always finacially stupid.
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2016 2SS
2020 super duty on 37's |
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12-29-2014, 05:06 PM
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#8 |
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I agree with you it is all about the trade difference. While 30k isn't great. Would 45k and MSRP make you feel any better if the difference are the same?
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12-29-2014, 05:56 PM
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#9 |
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Drives: 2014 ZL1 Join Date: Sep 2012
Location: West Virginia
Posts: 591
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Nope, that wouldn't make me feel any better. I just figured if I could get a decent trade in and go to a MY 15 for 20% off it wouldn't be bad. I am going to keep her for a while. Just got my janetty 75rwhp kit in the mail today. Just thought I would post my experience. I only talked to one dealer, but I would assume that is the trend right now.
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12-29-2014, 06:29 PM
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#10 |
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11.91 ET Bone stock
Drives: 2015 Camaro ZL1 Join Date: Nov 2014
Location: Canada
Posts: 353
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Personally I think you should buy the wheels and a custom set of Recaros for your car. No need to take a bath for what is basically the same platform. (Minus rear end redesign)
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12-29-2014, 06:47 PM
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#11 |
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Drives: 2014 ZL1 Join Date: Sep 2012
Location: West Virginia
Posts: 591
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I would love to get a set of recaros for it. I have a set of race star wheels for it for track days.
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12-29-2014, 06:58 PM
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#12 |
Drives: 2023 1SS 1LE Vivid Orange Join Date: Mar 2011
Location: Fredericksburg, VA
Posts: 2,680
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Recaros will set you back 4500.00 plus tax. (Check with Maureen at Rodgers) I know because I just installed them in my '12. Love them and money well spent. They are plug and play with a little software update (free) for the seat heaters.
As has been said, get the Recaros and wheels and keep driving it. No reason to take a bath when it's a ZL1 you still want!
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There are only so many days in your lifetime. So get out and drive your Camaro...
Dan |
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12-29-2014, 07:05 PM
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#13 |
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Drives: 2014 ZL1 White Convertible Join Date: Aug 2013
Location: St Pete Fl
Posts: 682
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I bought mine last year 68K out the door. only 1 month later I thougth I wanted the C7 corvette instead, The dealer offered me 50K for my car!. I could still hear his words when I first bought the car, Eric this Zl1 will holds its value. Dude car salesman are Not your buddy's, they are there for one reason only and that's to turn and burn. They are not out to help anyone except themselves. If you decide to get the 2015, the moment you do, it is worth 20K less. So keep that in mind when you make your deal with them.
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12-29-2014, 07:34 PM
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#14 |
 
Drives: '13 Inferno Orange ZL1 Convertible Join Date: Jul 2013
Location: The 313
Posts: 437
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Yeah, it's gotten even worse. I looked seriously at Z/28's a couple months ago but I'd need to sell the ZL1. I have 6000 miles and was looking at about $4.25 a mile in depreciation. And, I saw 2 IOM covertible ZL1's on Autotrader priced lower than I wanted to get for mine so, no sale.
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