03-03-2015, 12:42 PM | #15 | |
Drives: 2013 1SS 1LE Black - Std Exhaust Join Date: Mar 2013
Location: Brunswick, GA
Posts: 3,622
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There are times trading in makes sense, and times it does not. It all depends on the person and their situation at that time. |
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03-03-2015, 02:45 PM | #16 | |
Drives: 2014 Red Camaro 1SS 1LE Join Date: Aug 2014
Location: Virginia
Posts: 284
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Bottom line, you lose money on trades to avoid the hassle and time to sell, including the hassle of paperwork, title transfers, etc. |
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03-03-2015, 02:50 PM | #17 | |
Drives: 2015 Camaro 1SS Join Date: Dec 2011
Location: Houston, TX
Posts: 835
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If it's a big enough value, that tax break could very well pay the difference between dealer trade-in offer and private party selling. But yeah, this is a state-by-state case. |
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03-03-2015, 03:17 PM | #18 | |
Drives: 2013 1SS 1LE Black - Std Exhaust Join Date: Mar 2013
Location: Brunswick, GA
Posts: 3,622
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Quote:
I agree you give up money because they handle some of the work for you (selling the traded car, handling the title, just as you mentioned), but where we differ is what you value your time to be worth and what I value mine to be worth. That does not make either of us right or wrong, just different. For what its worth, the last vehicle we got rid of I sold out right. Was paid in cash long before the 1LE was here, and the guy buying our WS6 let me use the car until a few weeks before the car 1LE was here (at which point the dealer gave me a car to use at no charge - GM had them on hold - long story). The point is each situation is different in my opinion. |
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03-03-2015, 03:37 PM | #19 |
Moderator
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Stop going to Carmax expecting a good deal!
They are a dealer that only deals in used cars. Used cars have higher markup than new cars across the board. If you think a dealer that only works in high-profit deals is going to give you a great trade-in value on your car, then you need to reevaluate your understanding of the automotive industry. New cars have low markup today because prices are closely controlled by the factory with invoice and MSRP being relatively public. You can ask for an invoice on a new car to confirm the value of your car at sale. With an invoice, you know what the new car dealer pays for a new car. Without an invoice, a used car can be bought at any price and then sold at any price. If I go find a Chevrolet Malibu at Billy Bob's Chevrolet, it's the same price as one with similar equipment at Big City Chevrolet because they want to compete with one another. Both prices will end up on AutoTrader, Cars.com, and every other car resource out there. You'll buy the cheaper one, and if they're the same price, you'll buy the closer one or the one in the color you want. It doesn't matter how many cars you've bought in your lifetime. A car salesman has probably sold that many last month. Regardless of your skill level at negotiating, you aren't as good at beating the system as salespeople are at making suckers out of most people who walk through the door. You have two options: learn the process and use the process or sell outright and buy new, knowing that you're less likely to get screwed on both sides of the deal by a fellow amateur—an outright buyer—and a new car.
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RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet//
Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban |
03-03-2015, 03:54 PM | #20 |
Institutionally Insane
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I don't know how far you are...try Eric Hall at Classic Chevy in Grapevine Tx...he may be able to help.
But....IMO it's best to sell your car yourself...private party on Auto Trader..Ebay or Craigslist...
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It's got a cop motor, a 440 cubic inch plant, it's got cop tires, cop suspension, cop shocks. It's a model made before catalytic converters so it'll run good on regular gas. What do you say, is it the new Bluesmobile or what?
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03-03-2015, 03:54 PM | #21 |
Nightmare
Drives: Your mom crazy in bed Join Date: Mar 2011
Location: Naptown
Posts: 2,438
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You couldn't get me to buy ANYTHING from CarMax.... the only reason they stay in business is because people "believe" they are so good...
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03-03-2015, 03:59 PM | #22 |
Moderator
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__________________
RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet//
Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban |
03-03-2015, 04:34 PM | #23 |
Drives: 2015 SW 1LE BA NPP Recaros Join Date: Jan 2013
Location: lake mary FL
Posts: 904
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03-03-2015, 04:36 PM | #24 |
American Gold Whisperer
Drives: 2014 White 1LE 2SS/RS/NPP/Rec/Nav Join Date: May 2014
Location: Northern Utah
Posts: 838
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Just another reason that Tesla will succeed in destroying the 100yr old method of selling cars.
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03-03-2015, 04:54 PM | #25 |
Drives: 2014 Camaro 2SS/RS 1LE AGM Join Date: Jul 2012
Location: West Palm Beach
Posts: 228
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Well. I took my 14' 2SS/RS 1LE to trade for a stingray.
Went to about 6 dealerships over the weekend. Not one cared for the 1LE option. All they see is an SS camaro. Everyone of them said. It's an option. Who cares. It's still an SS. So the highest offer I was given was 28,750. My car has EVERY feature. Including RECAROS. They don't care. So. The resale value of a camaro is CRAP! I have 0% financing. Paid almost 45k. 0 down. 650 a month. I want out of this car! But unfortunately I'm stuck with it until hopefully it's stolen. Bummer for me cause I also have LoJack installed. So I have an 14' AGM for sale. New goodyears G2s all around, NAV, Recaros, always babied, never raced. Make me an serious offer. I'm in. I want my stingray! |
03-03-2015, 05:00 PM | #26 |
Drives: 2006 Z06 Join Date: Oct 2010
Location: Gilbert, AZ
Posts: 5,712
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Had my 2013 Honda CRV for sale for 2 months for $19500, blue book was $20k. Finally took it CarMax because I wanted it gone before I moved. They offered $18k, not bad at all. Then took that offer to another local used car dealer that said they would beat anyones offer by $500, so they bought it for $18500. That is all I wanted for that car, so it worked out for me.
They just go off auction prices, and low ball you, but in some cases it isn't that bad and worth the easy quick sell.
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Nick
Corvette Z06 -1200ish rwhp |
03-03-2015, 05:19 PM | #27 | |
Drives: 2013 1SS 1LE Black - Std Exhaust Join Date: Mar 2013
Location: Brunswick, GA
Posts: 3,622
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03-03-2015, 07:06 PM | #28 | |
Account Suspended
Drives: 2011 Camaro VR 2SS/RS & Impala Join Date: Apr 2013
Location: Riverside,ca
Posts: 5,342
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Quote:
What? Are you sure that the 1LE won't be worth any later because I think it will be highly sought after! Most dealers can't keep a 1LE on the lot and the 1LE has become the Camaro to get! Ppl are still learning how great the 1LE is! Look at the GT8 and GTO that had little demand and now prices are high and steady! Even though I don't like the 2000's GT0 and don't really care for the G8 ! |
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