Chevrolet Corvette Stingray C7 Forum - View Single Post - GM executive demo CTS-V w/rebuilt title: deal or no deal

terry_b · 05-01-2015, 08:03 PM

My friend really has his heart set on a CTS-V. He's on the market for a performance sedan that seats 5 comfortably (3 kids) and he has set his price range at $550/month.

I've been trying to steer him towards new (especially since it will be financed), but he found a 2011 CTS-V with 21,000 miles on it, non modified engine, single owner ( kind of ). The asking price is $30,000 with the catch being that it is a rebuilt title. Supposedly it's a GM executive demo car and as such it gets a salvage title when it is done being a demo car. This was at 3,000 miles, and the guy who bought it at GM auction performed all the requisite steps to get it titled for him to drive it. So it went from salvage title to rebuilt title.

The car should value around $45,000, so my friend is convinced it's a great deal and he has always bought used, never new, so he at least acknowledges the risk involved. Is this a great deal or what? I'm ever the skeptic, and add to it the fact that he's distance buying so he can't even lay eyes on it himself for the better part of a month.

Anyone have any insight to this scenario?

I'm trying to talk him into a new 2014 Chevy SS that is listed for $40,900 right now... Thoughts on that?

05-01-2015, 08:03 PM	#1
terry_b Drives: 2014 2SS/RS 1LE Join Date: Apr 2010 Location: Hudson, MA Posts: 1,402 View My Garage	GM executive demo CTS-V w/rebuilt title: deal or no deal My friend really has his heart set on a CTS-V. He's on the market for a performance sedan that seats 5 comfortably (3 kids) and he has set his price range at $550/month. I've been trying to steer him towards new (especially since it will be financed), but he found a 2011 CTS-V with 21,000 miles on it, non modified engine, single owner ( kind of ). The asking price is $30,000 with the catch being that it is a rebuilt title. Supposedly it's a GM executive demo car and as such it gets a salvage title when it is done being a demo car. This was at 3,000 miles, and the guy who bought it at GM auction performed all the requisite steps to get it titled for him to drive it. So it went from salvage title to rebuilt title. The car should value around $45,000, so my friend is convinced it's a great deal and he has always bought used, never new, so he at least acknowledges the risk involved. Is this a great deal or what? I'm ever the skeptic, and add to it the fact that he's distance buying so he can't even lay eyes on it himself for the better part of a month. Anyone have any insight to this scenario? I'm trying to talk him into a new 2014 Chevy SS that is listed for $40,900 right now... Thoughts on that? __________________ 2014 2SS/RS 1LE