Trade in value (so says the dealer) on my 1LE - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Mmar88 · 04-14-2014, 08:32 PM

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?

NewbieDIYer · 04-14-2014, 08:33 PM

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

jshaf · 04-14-2014, 08:34 PM

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!

kinpin · 04-14-2014, 08:48 PM

Its bull """" No one wants to do a fair honest deal anymore.

wayne watson · 04-14-2014, 08:52 PM

Quote:

Originally Posted by Mmar88

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?

thats weird cause i traded a 06 dually that i loved and ordered, get this 8.1 with 6 spd stick crew cab.... now the paper showed that trade value was 12k but on a car that would have been around 38k out the door, i borrowed 20k...your car didnt lose that much

*Camaro_Corvette* · 04-14-2014, 09:05 PM

Wow that's insulting to his own brand.

SSTG · 04-14-2014, 09:10 PM

That's insulting! Glad you walked away.

wessolbuf1 · 04-14-2014, 09:20 PM

Try Carmax if there is one close by. I got more than trade in on my last car from them. Good move walking out.

E.T. · 04-14-2014, 09:24 PM

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.

BigBlock69RS · 04-14-2014, 09:30 PM

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

LOBZL1 · 04-14-2014, 09:30 PM

Did you do any mods or is it bone stock? Did you drive it in the winter?

Outlander · 04-14-2014, 09:35 PM

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?

oldfriend · 04-14-2014, 09:36 PM

Quote:

Originally Posted by Mmar88

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?

Yep , you are crazy
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 !

fsrtwo · 04-14-2014, 09:39 PM

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!

04-14-2014, 08:34 PM	#3
jshaf 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, 09:05 PM	#6
Camaro_Corvette 36.58625, -121.7568 Drives: Team 1LE Join Date: Mar 2008 Location: Earth Posts: 23,709 View My Garage	Wow that's insulting to his own brand. __________________ I am seriously never serious vv V vv Next order of business

04-14-2014, 09:20 PM	#8
wessolbuf1 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
E.T. 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
BigBlock69RS 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, 08:32 PM	#1
Mmar88 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
NewbieDIYer 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, 08:48 PM	#4
kinpin 618 RWHP Drives: 2014 ZL1 Join Date: Mar 2014 Location: Albany New York Posts: 772 View My Garage	Its bull """" No one wants to do a fair honest deal anymore.

04-14-2014, 09:10 PM	#7
SSTG Drives: 2014 Z51 Corvette Join Date: Apr 2011 Location: Ofallon, Mo. Posts: 5,822	That's insulting! Glad you walked away.

04-14-2014, 09:30 PM	#11
LOBZL1 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
Outlander Account Suspended Drives: 2014 Camaro LS Join Date: Jan 2014 Location: MN Posts: 131 View My Garage	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, 09:39 PM	#14
fsrtwo 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!