Seriously considering trading in for a manual...... - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

JoshBobGuptaMarley · 10-19-2011, 03:43 PM

Maybe a couple thousand. It shouldn't be hard. My dealer told me that the auto is way easier to sell so I think they should be more than happy to trade you.

Supermaro585HP · 10-19-2011, 03:44 PM

SELL IT YOURSELF. Then do all the paper work at the dealer you buy the new one at and have them do a courtesy trade to save you on the taxes. I own a used car dealership and do it all the time. Good luck...

Raptor626 · 10-19-2011, 04:03 PM

What exactly is a courtesy trade?

justa25thTA · 10-19-2011, 04:23 PM

why not take it to a dealer and find out

DITCHDIGGER · 10-19-2011, 05:16 PM

Quote:

Originally Posted by RJT RS

I can only offer advice about the $$ side of it. In Texas the sales tax is ~6%. It's also only paid on the Difference of the selling price minus the trade-in value. using the numbers of what you paid before 35,000 is $2100 tax, IF you got 30k trade & bought at the same price you'd save $1800 more in taxes since you would only pay tax on $5K ($300). Just something to keep in mind.

This is good advice. My thoughts exactly!

zogster · 10-19-2011, 05:28 PM

Decide how much you are willing to spend to upgrade to the manual.

Find the LS3 that you want at a price that is reasonable (similarly equipped to your L99), and tell the dealer you want to trade for the LS3 but only if you can do it for $XXXX. See what they say and go from there.

Make it sound like you're willing to trade but aren't dying to trade. Tell them you got it thinking it was your DD, but now that it isn't going to be, you're open to the manual because you think it fits the car better (or whatever reason). If you make it obvious you really really really want to trade, they won't make you as good of a deal.

I think $3k would be a good figure to shoot for, I would offer them $2500 plus your car for a similarly equipped LS3 and expect that they would be willing to settle around $3000. If they sell you the car for invoice, they can still make money on your current car plus get the holdback on the LS3.

weenie25banini · 10-19-2011, 05:43 PM

I want to do the same thing. I want manual so bad,I am going insane.

Raptor626 · 10-19-2011, 05:52 PM

Really good stuff from everyone, thanks guys. I have another question though.

Is there a difference in insurance between auto and manual cars?

az2009se · 10-19-2011, 06:15 PM

Quote:

Originally Posted by Raptor626

What exactly is a courtesy trade?

A courtesy trade for a car exists when you arrange to sell your vehicle but trade it to a dealership for a tax deduction and arrange for the buyer to purchase from the dealer instead. This process is often frowned upon by dealers and buyers because of risks associated with the transaction.

Dealer Concerns
Dealerships must follow state regulations and requirements to sell a vehicle. Before selling a vehicle, a dealer usually has to complete a vehicle inspection to ensure the car is in safe, running condition to avoid liability for repairs after the purchase. The dealer will likely charge for this inspection or any repairs it needs to make, which can alter your original selling price. The dealer also charges the buyer all applicable state and motor vehicle fees. Because the dealer must apply for and receive the title before transferring it, the process may take longer than you expected. The dealer also risks owning the vehicle for too much money if your buyer backs out of the deal.

Buyer Concerns
Some people just don't want to do business with a dealership. Also, the dealership purchase process is different than the private sale process. If you intend to pursue a courtesy trade, let your buyer know immediately. Dealers must charge all state applicable fees and taxes, which can prove unfavorable to a buyer who did not intend to register the vehicle immediately after purchase. If your buyer is paying cash, the dealer also needs the customer's Social Security number for tax reporting reasons; your buyer may not want to supply her personal information.

Domic · 10-19-2011, 06:27 PM

You guys actually pay sales tax? Crazy.

aet08 · 10-19-2011, 06:31 PM

do it

Raptor626 · 10-19-2011, 06:48 PM

WTF are you running ^? That's insane.

marticus24 · 10-19-2011, 07:21 PM

Id urge you to checkout some of the issues people have been having with the 6060 trans and bad synchros and notchy shifting. I think if you go with a 2012 though, they used a whole new trans.

Run4two · 10-19-2011, 07:21 PM

Quote:

Originally Posted by Raptor626

WTF are you running ^? That's insane.

+1

Jim

10-19-2011, 03:43 PM	#15
JoshBobGuptaMarley Emerald Coast Camaros Drives: '12 2SS/RS LS3 GBA Join Date: Sep 2011 Location: PanamaCityBeach,Florida Posts: 1,375 View My Garage	Maybe a couple thousand. It shouldn't be hard. My dealer told me that the auto is way easier to sell so I think they should be more than happy to trade you. __________________ Muffler Delete, Cold Air Inductions intake, Technostalgia Sequential LED Tail Lights, Vmax CNC Ported TB, RX Catch Can, AAC LED Interior Lights (Aqua)

10-19-2011, 04:23 PM	#18
justa25thTA Drives: 2011 Camaro SS/RS LS3 Join Date: Aug 2010 Location: Texas Posts: 1,630	why not take it to a dealer and find out __________________ Yeah, I'll get around to it...

10-19-2011, 05:43 PM	#21
weenie25banini Drives: 2011 2LT/RS Join Date: Sep 2010 Location: Laguna hills/Bakersfield Posts: 245 View My Garage	I want to do the same thing. I want manual so bad,I am going insane. __________________ WeeniePoopie 2011 summit white 2LT/RS automatic with sun roof. Painted matte black taillight bezel. Black out tail light&revers lights. Paint to match engine cover and fuse box.

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10-19-2011, 03:44 PM	#16
Supermaro585HP Account Suspended Drives: 2011 Camaro SS RS Join Date: Aug 2011 Location: Pittsburgh, PA Posts: 1,186 View My Garage	SELL IT YOURSELF. Then do all the paper work at the dealer you buy the new one at and have them do a courtesy trade to save you on the taxes. I own a used car dealership and do it all the time. Good luck...

10-19-2011, 04:03 PM	#17
Raptor626 Account Suspended Drives: 2011 Camaro SS Summit White Join Date: Apr 2010 Location: Astoria, New York Posts: 796	What exactly is a courtesy trade?

10-19-2011, 05:28 PM	#20
zogster Drives: 2014 RRM ZL1 M6 Join Date: Jul 2011 Location: IL Posts: 659	Decide how much you are willing to spend to upgrade to the manual. Find the LS3 that you want at a price that is reasonable (similarly equipped to your L99), and tell the dealer you want to trade for the LS3 but only if you can do it for $XXXX. See what they say and go from there. Make it sound like you're willing to trade but aren't dying to trade. Tell them you got it thinking it was your DD, but now that it isn't going to be, you're open to the manual because you think it fits the car better (or whatever reason). If you make it obvious you really really really want to trade, they won't make you as good of a deal. I think $3k would be a good figure to shoot for, I would offer them $2500 plus your car for a similarly equipped LS3 and expect that they would be willing to settle around $3000. If they sell you the car for invoice, they can still make money on your current car plus get the holdback on the LS3.

10-19-2011, 05:52 PM	#22
Raptor626 Account Suspended Drives: 2011 Camaro SS Summit White Join Date: Apr 2010 Location: Astoria, New York Posts: 796	Really good stuff from everyone, thanks guys. I have another question though. Is there a difference in insurance between auto and manual cars?

10-19-2011, 06:27 PM	#24
Domic Drives: '11 Chevy crew cab. '14 black 1LE Join Date: Dec 2009 Location: Missoula MT Posts: 147	You guys actually pay sales tax? Crazy.

10-19-2011, 06:31 PM	#25
aet08 Drives: c Join Date: Feb 2010 Location: c Posts: 627	do it

10-19-2011, 06:48 PM	#26
Raptor626 Account Suspended Drives: 2011 Camaro SS Summit White Join Date: Apr 2010 Location: Astoria, New York Posts: 796	WTF are you running ^? That's insane.

10-19-2011, 07:21 PM	#27
marticus24 Drives: 2012 ZL1 Join Date: Jun 2008 Location: Metro Detroit, MI Posts: 604	Id urge you to checkout some of the issues people have been having with the 6060 trans and bad synchros and notchy shifting. I think if you go with a 2012 though, they used a whole new trans.