Well called dealer sold car.
Going back with a vette
Going back with a vette
Dealership wants to buy car good price or not..
- Thread starter Hungdaknees
- Start date
ok goodbye. Enjoy the vette.
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Hopefully a C6Z, C6ZR1, C7 Stingray, or 15 Z06. Anything else and you have just failed horribly.
Hmm... I'm the new car manager for a dealer...
and from my point of view:
All option car (except glass roof) = MSRP of $68,030
You said you paid $5,000 below MSRP = $63,030
Not sure what tax is in your state and if you traded anything (and if your state gives tax credit on new cars) But lets ASSUME you didnt trade anything and your sales tax is 7% like the state I work in = $4,412.10
And lets just ASSUME the dealer you bought it from has the same dealer fee my dealership does ($199- very low for this area)
$63,030 + $4,412.10 + $199 = $67,641.10
$67,641.10 - $54,000 = $13,641.10
And depending on if you did the install on the mods yourself (which I am again ASSUME you didnt due to you not caring about loosing over $13k in a year) then your mods ran you ~ $4,000
$13,641.10 + $4,000 = $17,641.10....... (or about the price of a new Civic)
Now what would really make you more of a fool is if in fact you did want a new Vette and your state allows tax credit on new... So by selling it outright instead of trading it in to the dealer you are buying your new car from (or if in fact you are buying a used vehicle- every state gives tax credit on used) then by you selling it to a different dealer for $54,000 as apposed to trading it in to the dealer your buying from (and them giving you the same $54,000) then you just tossed away $3,780 (ASSUME 7% sales tax)
Either way, if money is something that is important (and is not for all people) then it was a foolish mistake.
However, if money is no concern then can I please have some? :beer:
and from my point of view:
All option car (except glass roof) = MSRP of $68,030
You said you paid $5,000 below MSRP = $63,030
Not sure what tax is in your state and if you traded anything (and if your state gives tax credit on new cars) But lets ASSUME you didnt trade anything and your sales tax is 7% like the state I work in = $4,412.10
And lets just ASSUME the dealer you bought it from has the same dealer fee my dealership does ($199- very low for this area)
$63,030 + $4,412.10 + $199 = $67,641.10
$67,641.10 - $54,000 = $13,641.10
And depending on if you did the install on the mods yourself (which I am again ASSUME you didnt due to you not caring about loosing over $13k in a year) then your mods ran you ~ $4,000
$13,641.10 + $4,000 = $17,641.10....... (or about the price of a new Civic)
Now what would really make you more of a fool is if in fact you did want a new Vette and your state allows tax credit on new... So by selling it outright instead of trading it in to the dealer you are buying your new car from (or if in fact you are buying a used vehicle- every state gives tax credit on used) then by you selling it to a different dealer for $54,000 as apposed to trading it in to the dealer your buying from (and them giving you the same $54,000) then you just tossed away $3,780 (ASSUME 7% sales tax)
Either way, if money is something that is important (and is not for all people) then it was a foolish mistake.
However, if money is no concern then can I please have some? :beer:
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Damn that was a terrible deal but hope he enjoys his Vette, I would have at least removed the mods first but then again I would never have let myself lose that much money to drive $5,400 dollars. That was the laugh in the sales office when his friend gave him a ride home.
No sales tax in Montana. Did everything up there since have a cabin there waited 30days then transfer everything to Oklahoma and pay 45.00 for new tag.
Agree with all except the Stingray. That thing is not very much car for 70k IMO. They only run mid-low 12s stock. 15 Z06 however would be a nice upgrade.
If you are contemplating it, you are not emotionally attached to her. Let her go so someone else can love her.
Yea if you can get a good trade in value sometimes your better off trading then selling outright. When i was selling my Raptor to buy a GT500 i went to the dealership that had the GT500 and asked them what they would give me for trade and ended up being the same amount i was asking for in private sale. I was pretty happy because it saved me about $2500 in sales tax. I thought for sure they were gonna try and low ball me, i was pleasantly surprised.
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Sold car and day keeps getting better. Went to casino to eat with wife and decide to gamble a tittle and 100k baby
Taking my 2012 Shelby tomorrow to trade. I have already stressed to them I will take no less than $39,000 for mine. 38000 miles. Only 20 others within a 300 mile radius and they are selling for 43000-49000. They seem to be appreciating in value.
:read: corvetteforum.com Good Luck! After owning over 20+ corvettes I will Never sell this Beast! :burnout:
BTW, you dealership guys in this thread... my asking trade price..The NADA average tradein was right at that price. So I assume they will try to lowball me.. or say they don't use NADA? What tricks should I expect them to try to throw at me. I already spoke to the salesman, and told him I don't want to waste his, or my time. So if they lowball me, I am going to get up and walk out. They won't get my business.
NADA is just a guide! Your trade should be based on auction results! Lots of cars can sell for close to the retail at auction depending on what it is. I'm sure that Chris can help you on this. Note that paint work, Miles, Time of year and condition always comes into play also.
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True.. but based on the going retail prices within a 300 mile radius, I believe they will sell the car for that range. I think my asking price is fair. Hardly any recon will be required on the car, and they can make pretty decent profit on it. Plus the profit from the vehicle I get from them. I think it is a fair deal for both parties.
I'm sure there is not a huge amount of auction data out there on the GT500's.
Rare car is rare
Now-a-days man, just being straight forward with you.
Bigger dealerships are going to 3rd party vendors to help with determining values for used vehicle (trade and what to sell them for).
One of the bigger systems (and the one we use) is V-auto.
It does everything we could possibly want it to.
Put it the VIN and miles and it determines, trim, shows carfax and autocheck.
Shows NADA, KBB, MMR and Edmunds (lists all factors- fair, good with trade, retail, private party... etc)
Then it also shows 500 mile radius v-rank (price and value-miles for price, etc) for the exact same vehicle (year, trim)... how long they have had it, how much they are trying to sell it for, miles, certified etc (it searches over 20,000 different websites for these vehicles---- autotrader, cars.com, dealership websites, ebay etc.)
And displays all the info.
Then it lets you plug in your numbers of how much profit you want to make on the vehicle when you go to sell it (front end- all dealers are different, when appaising a vehicle we set ours to $1,700)
PLUS it plugs in. allows you to plug in how much reconditioning to expect (doesn't matter how clean your car is, it will still have to go through dealerships inspection ($200 min) detail (sometimes will skip, but that is like 1 out of every 250 vehicles- $250)
PLUS any packs... all our used get packed $500 (to make sure you are set to make that $1,700 when it first goes online)
It might sound very complicated... and in fact it is... but over 95% of all people buying vehiclels now-a-days go online to shop first... so this allows us to appraise a vehicle in about 10 min doing the kind of research that would take someone 2-3 hours on that ONE vehicle...
Hope that helps...
Using this system also means that the price we put on our used vehicle online, is really not negotiable (since we have already set our parameters to make it a vehicle that someone will come in on--- because with so much online shopping, people wont even look at your vehicle if your not the cheapest or showing the most VALUE... PLUS the online price -and profit- go down every 2 weeks) (and no the price does not go down and stop at what we own it for, absolutely we will loose money and have it listed for far less than what we own it for (in hopes for a trade that we can hold on, or make the money back in finance/ warrantys.... but a no trade, cash buyer who comes in on that vehicle that is online for $2400 below what we own it for... we loose that $2400 on that deal... all about averages
Subsequently, we do actually have a GT500 in our inventory for sale
Neil Huffman Automotive Group - New and Used Acura, Honda, Mazda
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