04-14-2014, 08:32 PM | #1 |
Drives: 2013 BRM 2SS/RS/1LE/NPP/NAV Join Date: Jun 2013
Location: Tonawanda, NY
Posts: 237
|
Trade in value (so says the dealer) on my 1LE
I was thinking about buying a new Silverado in the name of practicality and trading in my 1LE as a down payment. The sticker price of the 1LE was $43,575 obviously I paid less than that and am aware that any new car depreciates the moment you take it off the lot, however when the dealer told me they wouldn't be able to do better than $27,500 I laughed and walked out. Am I crazy to think that is very low?
|
04-14-2014, 08:33 PM | #2 |
Drives: 2013 2LT RS Blue Ray Metallic Join Date: Feb 2014
Location: USA
Posts: 128
|
No that is extremely low. I got an offer for 21,000 on my 2013 2lt when I was looking to trade. You're a full 3 steps higher and only 6k more? No way
|
04-14-2014, 08:34 PM | #3 |
Montani Semper Liberi
Drives: 2011 Black 2SS/RS w/ IOM stripes Join Date: Feb 2010
Location: Masontown, WV
Posts: 4,841
|
not only no but hell no. they would have that thing on there lot for high 30's the day you traded it in. I got 20 out of a 31/2 year old 1LT back in november and the 2011 2ss I got was 31700. that is major low balling!
__________________
Stainless Works 1 7/8 Long Tude Headers, Stainless Works High Flow Cats, Stainless Works Retro Chambered Catback, Z/28 Air Intake, RDP Tuned, FR41 Chrome Rims, 1100W stereo, 35% Tint |
04-14-2014, 08:48 PM | #4 |
618 RWHP
|
Its bull """" No one wants to do a fair honest deal anymore.
|
04-14-2014, 08:52 PM | #5 | |
Drives: 2014 camaro ss ,1967 chevelle ss, Join Date: Sep 2013
Location: loganville
Posts: 1,209
|
Quote:
__________________
|
|
04-14-2014, 09:05 PM | #6 |
36.58625, -121.7568
|
Wow that's insulting to his own brand.
|
04-14-2014, 09:10 PM | #7 |
Drives: 2014 Z51 Corvette Join Date: Apr 2011
Location: Ofallon, Mo.
Posts: 5,822
|
That's insulting! Glad you walked away.
|
04-14-2014, 09:20 PM | #8 |
Drives: 2014 Camaro 1LE Summit White Join Date: Oct 2013
Location: port saint lucie, fl
Posts: 176
|
Try Carmax if there is one close by. I got more than trade in on my last car from them. Good move walking out.
__________________
2014 Camaro 1LE Summit White
Ordered 10-1-13 TPW- 10-28-13 Delivered 11-12-13 |
04-14-2014, 09:24 PM | #9 |
Drives: 2012 Camaro 2SS/RS Join Date: Jul 2010
Location: Cleveland, OH
Posts: 3,267
|
It's low, but it's not surprising. They usually rape you when trading in a car. Is it fair? Hell no, but that's why they call them stealerships.
__________________
|
04-14-2014, 09:30 PM | #10 |
Ed
Drives: 2013 AGM Camaro 2SS/RS/1LE Join Date: Dec 2012
Location: Seattle, WA
Posts: 951
|
You don't mention your mileage but assuming 10k miles, - Kelly blue book lists that you would expect to pay 38k for your car at a dealer. And a good price to get from a dealer would be 32k to 33,500. So yes they lowballed you by about 5000.
This is assuming your car is in near perfect shape and has around 10k miles on it. Even in fair condition (be really bad for a year old car) it would be worth 28.5. Sounds like they started low, did they come up at all? Or did they start at 27,500? Kbb link: http://www.kbb.com/chevrolet/camaro/...tion=excellent Good news is you could expect to get around 36k with a private party sale |
04-14-2014, 09:30 PM | #11 |
Drives: 2013 Black ZL1 Join Date: Mar 2014
Location: Pendelton, NY
Posts: 31
|
Did you do any mods or is it bone stock? Did you drive it in the winter?
__________________
Rob
2010 Camaro 2SS (sold) 2013 BMW 328xi (winter car \ daily driver) 2013 Camaro ZL1 (summer car) |
04-14-2014, 09:35 PM | #12 |
Account Suspended
|
This kind of crap is the #1 reason I usually lease. I have a guaranteed value at the end and won't touch a car/truck if the opportunity sucks up front.
Around here they run Ram 1500 lease deals for very little down and about $159/mo. I went from a loaded F150 crew to a 1500 Express quad with a Hemi and love it. In a roundabout way I'm suggesting that you keep the Camaro and lease the truck. When I got mine I had competitive lease for $1000, USAA $1000, competitive truck $1000 and something else on top of the other offers. Its amazing how many incentives manufacturers throw at pickups but the darn things seem to start at $40,000 and go up these days. There is some healthy markup there, huh? |
04-14-2014, 09:36 PM | #13 | |
|
Quote:
You should have take his offer for your LE , then make him an offer for ( his truck) for about 15k below what he wanted Then just wait and see if he even blinked , but again , those people do that all day every day But at some point everyone will have to blink , you never know when , but they do blink ! |
|
04-14-2014, 09:39 PM | #14 |
Drives: 2013 1Lt Conv, Blue Join Date: Jun 2013
Location: Rockville, MD
Posts: 86
|
Dealers use a Black Book and auction prices. $27,500 is pretty close. Maybe you could find another dealer and get a few bucks more. I would be surprised if someone offered you more than 30K.
The car business has changed. Not much money in sales anymore. They loose money on one deal, then have to make it back on the next. Just make sure you are the one they loose money! |
|
|
|
|