Was I lowballed?

[ThatMaro]

Ok so I’ve been looking to trade my 14’ 2LS for a 2018 2LT with the RS pkg. So after week of searching for the perfect car I finally found it. So I set up an appointment to test drive the car etc..So I get to the dealership (stealership) and test drive the car and go over all the features (I was super interested in this car). So the salesman did an appraisal on my 2014 2LS w/63k that is actually in pretty good condition. So after about 15 minuets of him checking out/driving the car we go back in to talk about my cars value....Now mind you I was using KBB and other various websites to see how much my car should be worth. And is we walk back inside sit down and as soon as he said this my heart dropped and I was a little pissed off. So the trade in value he gave me for my car was $5,500 and first thing I said was well what about at least 9-10k (I’m fully aware to the fact that’s my car isn’t an SS or LT). And he goes “Let me ask my manager” and then he comes back and says “Bad News and Good News” Im like well what’s the good news? He goes “We can do $6,000 even” and I’m like well I already know the bad news that he can’t give me $9,000 or $10,000 for my car. And so I told l him no thanks.. I’m happy enough with my car... and I leave the dealership...So I’m asking you guys this question “Do you think that offer was complete BS or was it a “fair” offer?” I’ve never seen a any 2014-2015 Camaro go for less than about 10-11k no matter what trim level.

[JLSuperfly]

Have you tried getting an offer from CarMax?

[ThatMaro]

Originally Posted by JLSuperfly

Have you tried getting an offer from CarMax?

No. I tried to avoid them figuring that they were going to lowball me. Now I’m thinking they should have been the first dealer I visited.

[greyscale]

my 2SS is worth about 12k right now according to KBB. I dont think he wasn't BSing you too much however I think the best way to go about it if you're trying to get more is through private sale a dealer is always going to low ball.

[Vec]

nope, thats about right. dealers dont pay KBB value.

[ThatMaro]

Originally Posted by Vec

nope, thats about right. dealers dont pay KBB value.

If that’s the case I might as well trade it ASAP. I’ll go to a few other local dealerships near by to see what offers they give.

[hammdo]

Dealers will usually accept a car max bid if you bring it — and you know it’s higher than what they offer. Have that in your pocket when you deal...

-Don

[ron123]

Before going to car dealer get appraisal at Carmax, Auction Direct, and a couple more that friends recommend in your area. Many will give you a written offer good for a certain number of days from date of estimate. If your dealer will not match the offer keep in mind you can check with any other dealer in the country and ask if they will match the offer. I've done that over the phone and they gave me assurance they would match if they agreed with previous appraisal condition. And did my purchase in another city because found a better bargain at a remote dealer via internet search.

[chargerfan2]

Carmax will give you a written offer good for 7 days. They will probably come up 1-2 thousand over what the dealership offered you. My wife works for a major auto group and even she wouldn't trade in one of our cars at one of their dealerships. If they offered you 6 they're going to put that on the lot the next week for 10-11 thousand. I went to carmax the last two times I sold cars just to get a ball park figure then ended up selling the cars private party for $2500 over what their offer was.

[DagoCountyGee]

You should consider trading it in for a SS ☺

[Welker2]

Keep in mind, when a dealer appraises your vehicle they are assessing what they think they can resell it for. From that point, they will knock off a few thousand to ensure a decent profit on resale or at auction. They will also often try to recoup some of the money from that 'great deal' they offered you on the new purchase by knocking even more off the actual appraised value. So the 'appraisal' they present you will always be lower then the actual value and why, if you want to maximize what you get, you should sell your car yourself. This is the advice I was given many years ago by relatives & friends that worked at dealerships at the time & I've followed since.

[Tyestick]

Definitely a lowball. I did a quick search for 2014 2ls’s with your mileage in my area, and the average sale price was around 15k.

I’m not sure what your location is, so pricing may vary.

Although, if that’s the price you were given, that’ll be the ballpark that most dealerships give you. Might be a difference of $500-$1000, but I’m pretty sure that’s what you’re looking at.

Is your car paid off, or do you still owe? If it’s paid off, try selling it yourself.

If you still owe on the car, being ‘upside down’ aka negative equity, you’d be better off shopping around at a dealership that has the car you want, and negotiating the trade value, while rolling your negative equity into your next trade.

[The camaro show]

the camaro holds the value the best out of any muscle car ik its a ls but around here they want 12-14k for a 2011 with similar mileage because theres one for sale i say keep your car or do a private sale

[snarky]

YES