KBB and dealers - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

bmorecam · 05-11-2011, 11:29 PM

Does dealers usually honor or go by kelly blue book value? KBB is giving me $25k dealer trade in value for my 2011 1 LT/RS with 4500 miles.
If this is true than I will trade my car in yesterday

irocnroll · 05-12-2011, 08:56 AM

Not usually. I am getting about 30% less on mine. Taking it to Carmax today to see if they will offer me any more.

cruznls · 05-12-2011, 10:17 AM

We printed out the "Trade-in" and the "Retail Value" .....
There was a $4000 difference...
While making the deal, we pulled these out.
*** We got $1700 over Trade-in value for our car...
Print out the KBB values... Wait & see what the dealer offers.
If the offer is lower.. Then show the dealer the KBB...
If they don't honor that, then move on to another dealer.
Used car values are up 20%...
There is a shortage of Pre-Owned vehicles right now........

Moriartii · 05-12-2011, 10:44 AM

I recommend Carmax. I did that for my Sporttrac and I only lost $400 compared to all the publications I compared to.

Cheers
K

bmorecam · 05-15-2011, 07:17 PM

Quote:

Originally Posted by irocnroll

Not usually. I am getting about 30% less on mine. Taking it to Carmax today to see if they will offer me any more.

30% less from 25k!? so a dealer only offered you about $18k for a 2011 1LT/RS?? Thats ridiculous!

Any update on what they offered you at carmax?

mike25 · 05-16-2011, 09:28 AM

Update for Carmax quote? I had a local dealer quote me 19k here.

irocnroll · 05-16-2011, 09:41 AM

Quote:

Originally Posted by bmorecam

30% less from 25k!? so a dealer only offered you about $18k for a 2011 1LT/RS?? Thats ridiculous!

Any update on what they offered you at carmax?

No....on my Mazda

bmorecam · 05-21-2011, 12:18 PM

Quote:

Originally Posted by mike25

Update for Carmax quote? I had a local dealer quote me 19k here.

and thats for your 2010 right? I wonder what the dealers will offer me for my 2011 with only 5000 miles. KBB states $25k so even if I can get 24k for trade in than I will most likely go for it but I am not sure if another camaro is on my mind. I might just go back to STi but M1 is looking really tasty. I contacted becky but she never got back to me.. hmmmm.

mike25 · 05-21-2011, 05:02 PM

Quote:

Originally Posted by bmorecam

and thats for your 2010 right? I wonder what the dealers will offer me for my 2011 with only 5000 miles. KBB states $25k so even if I can get 24k for trade in than I will most likely go for it but I am not sure if another camaro is on my mind. I might just go back to STi but M1 is looking really tasty. I contacted becky but she never got back to me.. hmmmm.

yea my 2010. Had about 25k ish miles at the time.

StangKiller-SS · 05-23-2011, 06:20 PM

High mileage compared to model year depreciation.

67 Convertible · 05-23-2011, 06:33 PM

Dealers usually don't pay alot of attention to KBB, NADA, and the like anymore.
Most times they price your trade according to what a similar car/ similar mileage will fetch at auction in your area.

cerino2000 · 05-24-2011, 11:34 PM

Typically a dealer is nowhere near what KBB says. They have their own little trade in value book. They will typically give you less than what they show to be going for at wholesale auctions. However, it is evident that camaros are a hot commodity and the value on those even at wholesale auctions is pretty close to what KBB has told you. This is amazing. Still a high demand for these cars with so many out there. Carmax is your best bet but if the dealer wants to make a deal ono what you are buying they will put more into your car.

20Camaro11 · 05-24-2011, 11:38 PM

Use the NADA guide. Many banks and dealers use that as their reference.

yotaman96 · 05-25-2011, 12:27 AM

Carmax used to make good offers. Now, they really lowball. I stopped going there all together.

05-11-2011, 11:29 PM	#1
bmorecam Account Suspended Drives: jealous vendors mad!! HAHA!! Join Date: Jan 2011 Location: CYBERGMONSTER@GMAIL.COM Posts: 3,658 View My Garage	KBB and dealers Does dealers usually honor or go by kelly blue book value? KBB is giving me $25k dealer trade in value for my 2011 1 LT/RS with 4500 miles. If this is true than I will trade my car in yesterday

05-16-2011, 09:28 AM	#6
mike25 Drives: 2012 Camaro 2SS/RS Join Date: Jul 2009 Location: Dubba V Posts: 2,869	Update for Carmax quote? I had a local dealer quote me 19k here. __________________ 2LT/RS M6 CGM VIN#53104 SOLD 2012 Black 2SS/RS w/ Hurst- Mods: Corsa catback, SSE, Vararam

05-23-2011, 06:33 PM	#11
67 Convertible Drives: 67 Camaro Convertible Join Date: Jun 2009 Location: MA Posts: 1,718	Dealers usually don't pay alot of attention to KBB, NADA, and the like anymore. Most times they price your trade according to what a similar car/ similar mileage will fetch at auction in your area. __________________ _____________________________________________ 2LT/RS RJT, Blk Rally Stripes, Beige Interior, Sunroof Placed order at dealer 4/24/09 1100 - 4/28/09 2000 - 5/01/09 2500 - 5/05/09 3000 - 5/05/09 3300 - 5/30/09 3400 - 6/05/09 3800 - 6/18/09 4000 - 6/18/09 4B00 - 6/18/09 4200 - 6/22/09 5000 - 7/01/09 6000 - 7/01/09 It's Home!! 0000 - 7/14/11 Traded in with 24,000 miles. Currently 5th Gen less

05-25-2011, 12:27 AM	#14
yotaman96 Drives: 2017 Camaro SS1LE 2000 Trans Am WS6 Join Date: Jul 2008 Location: Portland, TN Posts: 2,952 View My Garage	Carmax used to make good offers. Now, they really lowball. I stopped going there all together. __________________ 2017 Krypton Green SS 1LE Magnacharged 2000 Trans Am WS6 manual trans 2002 Trans Am 2015 Ram Crew Cab Cummins

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05-12-2011, 08:56 AM	#2
irocnroll Drives: '91 RS Vert, '11 Grand Cherokee Join Date: May 2009 Location: Connecticut Posts: 2,343 View My Garage	Not usually. I am getting about 30% less on mine. Taking it to Carmax today to see if they will offer me any more.

05-12-2011, 10:17 AM	#3
cruznls cruznls Drives: 2010 CAMARO Join Date: Feb 2011 Location: ILLINOIS Posts: 260 View My Garage	We printed out the "Trade-in" and the "Retail Value" ..... There was a $4000 difference... While making the deal, we pulled these out. *** We got $1700 over Trade-in value for our car... Print out the KBB values... Wait & see what the dealer offers. If the offer is lower.. Then show the dealer the KBB... If they don't honor that, then move on to another dealer. Used car values are up 20%... There is a shortage of Pre-Owned vehicles right now........

05-12-2011, 10:44 AM	#4
Moriartii Drives: 11 IOM 2SS/RS M6 w/Hurst Join Date: Nov 2009 Location: Austin Texas Posts: 1,269	I recommend Carmax. I did that for my Sporttrac and I only lost $400 compared to all the publications I compared to. Cheers K

05-23-2011, 06:20 PM	#10
StangKiller-SS Drives: GM products Join Date: Apr 2009 Location: USA Posts: 1,621	High mileage compared to model year depreciation.

05-24-2011, 11:34 PM	#12
cerino2000 Drives: C6 Vette Join Date: Jul 2008 Location: NC Posts: 88	Typically a dealer is nowhere near what KBB says. They have their own little trade in value book. They will typically give you less than what they show to be going for at wholesale auctions. However, it is evident that camaros are a hot commodity and the value on those even at wholesale auctions is pretty close to what KBB has told you. This is amazing. Still a high demand for these cars with so many out there. Carmax is your best bet but if the dealer wants to make a deal ono what you are buying they will put more into your car.

05-24-2011, 11:38 PM	#13
20Camaro11 Drives: SS Join Date: Aug 2010 Location: not here Posts: 655	Use the NADA guide. Many banks and dealers use that as their reference.