05-22-2024, 11:11 AM | #15 |
Drives: 2022 SS 1LE Join Date: Aug 2023
Location: Dallas, TX
Posts: 117
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I think it's helpful to simply run the numbers on some scenarios. For example, let's assume the following:
Price of New BMW = $75,000 Potential Trade Value of ZL1 = $62,000 Potential Sale Price of ZL1 = $70,000 My State Vehicle Tax Rate = 6.25% Trade Scenario - You've got a $13,000 price difference. You pay tax on that amount only. Your out of pocket cost is $13,812. Sell Scenario - You pay the $5k price difference between new and old car and pay tax on the full price of new car. Your out of pocket cost is $9,687. That's a $4,125 difference. Not saying that's good or bad. Just something to weigh out. If you don't want to wait for a sale or deal with the hassle of a sale, it might be worth it. If you're only looking at the bottom dollar, a sale is the clear winner. |
05-22-2024, 11:19 AM | #16 | |
Drives: 23 ZL1 M6 Join Date: Mar 2023
Location: Atlanta
Posts: 110
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Quote:
Not taking to Carmax ever, they suck from previous experience I am quite surprised to see the unreal values quoted by forum members, these cars are in demand since production stopped and should fetch high values, i trade in cars always and never had a bad experience
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23 ZL1 Coupe /M6/Rapid Blue
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05-22-2024, 11:35 AM | #17 |
jfkheat
Drives: 2023 Rapid Blue ZL1 Join Date: Nov 2023
Location: South Carolina
Posts: 220
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Out of curiosity, I contacted Texas Auto Value to see what they would offer for my Rapid Blue 2023 ZL1 A10 with 3100 miles. Their offer was $68k which is more than I expected.
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05-22-2024, 11:50 AM | #18 | |
Drives: 2023 Chevrolet Camaro 2SS 1LE Join Date: Jan 2020
Location: Pennsylvania
Posts: 1,219
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Quote:
Prepandemic zl1’s held their values just as terribly as the SS. You could legit get a 2 year old zl1 from a dealer in 2019 for mid 40’s. Now that same 2017 zl1 retails 55k. The 2021+ still retails for mid 60’s -70’s depending on year. 19 and 20’s are finally dropping to high 50’s-low 60’s. I’ve been shopping for a s197 gt500 but can’t quite come to grips with how much value my 23 2ss 1le has lost. If I could go back I would have ordered a zl1. I’m honestly surprised at how well the top trims have been holding value the past couple years compared to how much they would lose value pre2020.
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Current: 2023 2SS 1LE
Prior: 2016 Camaro 1SS 2007 Mustang GT 2008 Civic Si |
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05-22-2024, 07:23 PM | #19 |
Drives: 2018 ZL-1 Join Date: Jan 2018
Location: Albuquerque
Posts: 965
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05-22-2024, 08:47 PM | #20 | |
jfkheat
Drives: 2023 Rapid Blue ZL1 Join Date: Nov 2023
Location: South Carolina
Posts: 220
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Quote:
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05-22-2024, 09:28 PM | #21 | |
Drives: 23 ZL1 M6 Join Date: Mar 2023
Location: Atlanta
Posts: 110
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Quote:
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23 ZL1 Coupe /M6/Rapid Blue
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05-22-2024, 10:34 PM | #22 |
Drives: 2022 SS 1LE Join Date: Aug 2023
Location: Dallas, TX
Posts: 117
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I wasn't suggesting you sell to Carmax, just get an offer. My point is that I'd get as many offers as possible to help your negotiations with the BMW dealer. I've found it extremely helpful to have offers in hand when negotiating trade-in value.
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05-22-2024, 11:01 PM | #23 | |
2020 Shadow Gray 2SS
Drives: 2020 2SS - A10, NPP, MRC, CAI Join Date: Dec 2019
Location: SoCal
Posts: 3,191
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Quote:
Not sure what your "tax situation" is that you need to sell your car and buy a BMW, but I honestly think you'll lose more on the trade/sale than you will save in "tax savings"...
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2020 SGM 2SS - A10, NPP, MRC, Red Calipers, Black Fender Badge, Footwell Lighting
After delivery: - GMP CAI, GMP Black Strut Tower Brace, MRR017 1LE Wheels, SS Armrest, Black Fuel Door, Stainless Pedals, SS Wheel Caps, Black Lugs/Locks, GM Splash Guards, DD Smoked LED Markers, Smoked Rear Reflectors, Mishimoto Catch Can, Xpel PPF - Full Front, SunTek 35% Tint, CeramicPro coating, RST Stainless Brake Lines, Castrol SRF, MSD Super Conductor Wires Left: My "fun" ride. Right: My "work" ride: a Gulfstream G600. One's top speed is 180 Mph, the other, 620 Mph... BOTH are a lot of fun to operate... |
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05-23-2024, 05:50 AM | #24 |
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My guess is you'll get an offer for around 60k for a 1 year old car.
Used car values have dropped. My guess is everyone's broke right now with the rampant inflation. Take it to the dealership to get thier trade in offer and report back. I'm not selling, but I'd like to know what they offer you.
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"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 |
05-23-2024, 09:51 AM | #25 | |
Drives: 23 ZL1 M6 Join Date: Mar 2023
Location: Atlanta
Posts: 110
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Quote:
Already have 68K and 69K offer as of today from dealers good enough to negotiate with BMW , interested to see how much they offer trade in price.
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23 ZL1 Coupe /M6/Rapid Blue
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05-23-2024, 10:44 AM | #26 | |
Drives: 23 ZL1 M6 Join Date: Mar 2023
Location: Atlanta
Posts: 110
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Quote:
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23 ZL1 Coupe /M6/Rapid Blue
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05-25-2024, 01:07 PM | #27 |
Drives: 23 ZL1 M6 Join Date: Mar 2023
Location: Atlanta
Posts: 110
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Anyone knows how to get window sticker online?
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23 ZL1 Coupe /M6/Rapid Blue
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05-25-2024, 01:35 PM | #28 |
Drives: 2020 Chevy Camaro ZL1 Join Date: Apr 2023
Location: Calgary Canada
Posts: 1,629
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