Have to sell to buy 2nd home . - Page 2

2020ZL1MIKE · 08-14-2020, 10:09 AM

Quote:

Originally Posted by Staves

Where in CA are you?

City of Beaumont

nighttowl · 08-14-2020, 10:05 PM

you're going to lose a bunch of money on this car...
that really blows.

glws.

1993kramer · 08-15-2020, 07:31 AM

Quote:

Originally Posted by JLM1956

Depends how fast you need to move it. I have been watching ZL1 prices closely for to long hopping to pull the trigger soon. The prices were drifting down into last fall. GM discounts dried up last winter into this summer. I thought between the new Corvette and covid there would be deals out there. NOPE they are asking mid fifties for 2017 cars that were high forties last summer. Dealers are still asking close to list for new 2019's. You just might get 60K for your car.

I got no bites on my 17 listed here at 46k...

Snowwolfe · 08-15-2020, 09:17 AM

Another obstacle the owner is up against is financing. New cars almost always qualify for a lower rate. This has to be taken into consideration when pricing.
Selling a high value used car is like ripping off a band aid. You might as well rip it off all at once at get the pain over and done with. Lose more than you planned but the insurance, tags, maintenance, depreciation and taking up storage space is gone as well.

pauly1119 · 08-15-2020, 12:00 PM

Quote:

Originally Posted by Snowwolfe

Another obstacle the owner is up against is financing. New cars almost always qualify for a lower rate. This has to be taken into consideration when pricing.
Selling a high value used car is like ripping off a band aid. You might as well rip it off all at once at get the pain over and done with. Lose more than you planned but the insurance, tags, maintenance, depreciation and taking up storage space is gone as well.

I would think a lot of people buying a ZL1 as a toy are paying cash or can well afford the payment and don't want to use the cash and will qualify pretty easily for a loan.

ZL1naples · 08-16-2020, 11:10 AM

$60K is not going to happen. $55-56k is likely best case. The longer you hold it, the lower it goes.

ZRacerLE · 08-16-2020, 11:57 AM

Bought a brand new ZLE A10 for $61K last December. End of year prices will drop significantly from current.

zain · 08-16-2020, 12:23 PM

56k maybe! that stone chip can be fixed

travislambert · 08-16-2020, 12:26 PM

If you get an offer for 55K (or higher), take it. That's what it's worth.

ZX-10R · 08-16-2020, 12:40 PM

Keep it - finance what you owe (plenty of good deals) and buy the other house, too - you can afford it.

Is the other house an investment property?

ZRacerLE · 08-16-2020, 02:01 PM

Quote:

Originally Posted by ZX-10R

Keep it - finance what you owe (plenty of good deals) and buy the other house, too - you can afford it.

Is the other house an investment property?

+1

Staves · 08-16-2020, 06:31 PM

Quote:

Originally Posted by ZX-10R

Keep it - finance what you owe (plenty of good deals) and buy the other house, too - you can afford it.

Is the other house an investment property?

Exactly. Why throw away $10K for 850 miles on something you just bought?

SS 376 · 08-17-2020, 10:58 AM

Quote:

Originally Posted by ZX-10R

Keep it - finance what you owe (plenty of good deals) and buy the other house, too - you can afford it.

Is the other house an investment property?

OP may be stretched too thin financially, is my guess. You wouldn't otherwise take a $10,000 bath on what's essentially a brand-new car.

TheElementalCashew · 08-17-2020, 12:45 PM

Quote:

Originally Posted by 1993kramer

I got no bites on my 17 listed here at 46k...

I just sold mine for $51.5K, so the buyers are out there. I'd recommend using Craigslist and Autotrader/similar to expand your audience.

08-14-2020, 10:05 PM	#16
nighttowl Sarcasm loading -------- Drives: 2018 ZL1 1LE Join Date: Dec 2011 Location: TX Posts: 1,907 View My Garage	you're going to lose a bunch of money on this car... that really blows. glws. __________________ "The salesman actually told me to stop getting it sideways during the test drive" 2018 MBM ZL1 1LE - 652 rwhp, 588 rwtq SAE 2014 CRT ZL1 574 rwhp, 537 rwtq - SOLD 2010 IBM SS Camaro VVT L99 w/ TR6060 swap, 489 rwhp, 444 rwtq - SOLD

08-15-2020, 09:17 AM	#18
Snowwolfe Drives: CTV5 V Blackwing on order Join Date: Feb 2020 Location: East TN Posts: 431	Another obstacle the owner is up against is financing. New cars almost always qualify for a lower rate. This has to be taken into consideration when pricing. Selling a high value used car is like ripping off a band aid. You might as well rip it off all at once at get the pain over and done with. Lose more than you planned but the insurance, tags, maintenance, depreciation and taking up storage space is gone as well. __________________ 2022 CT5 V Blackwing with A10 2021 GMC Denali pickup with 6.2 and A10 2017 Ford Expedition

08-16-2020, 11:10 AM	#20
ZL1naples Drives: 2019 ZL1 Join Date: Mar 2019 Location: florida Posts: 41	$60K is not going to happen. $55-56k is likely best case. The longer you hold it, the lower it goes.

08-16-2020, 11:57 AM	#21
ZRacerLE Drives: The DSSV Twins: ZR2 and ZLE A10 Join Date: Oct 2019 Location: TX Posts: 889	Bought a brand new ZLE A10 for $61K last December. End of year prices will drop significantly from current.

08-16-2020, 12:23 PM	#22
zain Drives: ZL1 Join Date: Jan 2019 Location: Abu Dhabi Posts: 213	56k maybe! that stone chip can be fixed

08-16-2020, 12:26 PM	#23
travislambert Drives: '17 ZL1 Join Date: Jul 2016 Location: Fairmont, WV Posts: 1,567	If you get an offer for 55K (or higher), take it. That's what it's worth.

08-16-2020, 12:40 PM	#24
ZX-10R Drives: 2019 ZL1 Riverside Join Date: Apr 2020 Location: Charlotte, NC Posts: 1,139	Keep it - finance what you owe (plenty of good deals) and buy the other house, too - you can afford it. Is the other house an investment property?

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