: Was going to trade the V but.....



05cts-v
10-17-07, 10:27 PM
No one will give over $26,000. I thought the depreciation on the GTO's was bad but it looks like these may be worse. Most told me they would have a hard time getting rid of it while some said they didn't even know what it was. Why is the market so hard on these cars? CarMax, who normally, gives close to KBB trade in would only do $26000, surprising since I've seen 05's on their site for $32,000. Maybe its the area I'm in. BTW, there is only 30,000 miles on the car and its an 05.

StealthV
10-17-07, 10:30 PM
:crying:

theloanman219
10-17-07, 10:40 PM
its all marketing. If you have the time to sell it out right, maybe advertise it over on the vette forum. Im sure there are plenty of older owners that are having a hard time getting in and out of the vette. The would appricate what it is and maybe pay you more for it than a trade will get you.

lunarx
10-18-07, 04:08 AM
You will never get a fair return from a stealer. :nono:
Surprizingly, their offers are not that bad.
Selling on your own will only get you an extra $2K.
Unfortunately, 30K miles is considered high for a V.

Pegasus04
10-18-07, 08:24 AM
I agree with everyone else. You really should try to sell it yourself if you have the time and you can wait for the money. There might be only 10 to 20 people in the whole US that want to buy a V today. So, you have to get the word out there, in forums like this, Auto Trader or Ebay.

After I bought my V, I put my Mustang up for sale on Auto Trader. Only four people responded to the ad in the first two days, but the second person that contacted me was the one who bought the car. The buyer lived 300 miles away but the entire transaction was complete in a week. It made me think that I should have asked more for the car.

Good luck!

your maker
10-18-07, 08:41 AM
this is a specialty car and only for those whom are looking for one. If you expect a dealer to trade you fair for your car how do you expect them to make money on a car that they paid top dollar for!!!!!!!!
post it somewhere you will be surprised on how many people don't deal with car lots

good luck

CIWS
10-18-07, 09:02 AM
Trade in is very RARELY in the interest of the person trading in the car, no matter what it is. and this "These cars depreciate worse than...." Doesn't really hold a lot of water. Sticker on an 05 was about 52-53K depending upon paint, mine was 53,300. You're saying the dealership is selling them for around 32K (I've seen as much as 35K). So that's a depreciation of approx 10K a year in two years time. Well here's a listing from a local dealer on a 05 Lexus SC430.


2005 Lexus SC 430b $46,991 Sewell Saab Hummer of Plano (http://www.sldallas.com/VehicleDetail.aspx?make=Lexus&model=SC%20430&fromYear=2005&toYear=2005&fromMileage=0&toMileage=0&fromPrice=&toPrice=&ZipCode=75235&UnitSearch=&rbtnView=False&view=10&page=1&VehID=168593&VehType=U&SortOrder=ASC&Sort=Location&ExtColor=&IntColor=&Transmission=&Engine=&BodyStyle=)Phone: (888) 536-8811 13.22 miles from 75235 Mileage: 20,760 Color: White Gold Crystal Web Stock #: P16859

That's a two year old car that retailed for 66,000. The dealership is asking 20K less for it as well, approx a 10K per year depreciation and it only has 20k miles on it. What do you think they paid the person who traded it in ? It wasn't 46K.

rand49er
10-18-07, 09:25 AM
Keep it till it starts going back up ... in 2035?





(Geez, will I ever be old. :helpless:)

Silver Dollar
10-18-07, 10:40 AM
KBB says your car in fair condition has a wholesale trade in value of $27,000 so what they offered is in the ball park.

If you want more you'll have to sell it yourself but you probably knew that.

trukk
10-18-07, 10:45 AM
I'm actually helping a friend right now look for one. To me it seems as if the prices have stabilized. The average price I've been seeing seems to be high 20's to low 30's depending on year/millege etc.

-Chris

05cts-v
10-18-07, 07:43 PM
I'm actually helping a friend right now look for one. To me it seems as if the prices have stabilized. The average price I've been seeing seems to be high 20's to low 30's depending on year/millege etc.

-Chris

It was suggested to me that I try Auto Trader. I looked on their site and out west people are trying to get around $37-$38k for these cars with similar mileage. I don't want that much but $29 or $30k would be nice.

05cts-v
10-18-07, 08:04 PM
Trade in is very RARELY in the interest of the person trading in the car, no matter what it is. and this "These cars depreciate worse than...." Doesn't really hold a lot of water. Sticker on an 05 was about 52-53K depending upon paint, mine was 53,300. You're saying the dealership is selling them for around 32K (I've seen as much as 35K). So that's a depreciation of approx 10K a year in two years time. Well here's a listing from a local dealer on a 05 Lexus SC430.


2005 Lexus SC 430b $46,991 Sewell Saab Hummer of Plano (http://www.sldallas.com/VehicleDetail.aspx?make=Lexus&model=SC%20430&fromYear=2005&toYear=2005&fromMileage=0&toMileage=0&fromPrice=&toPrice=&ZipCode=75235&UnitSearch=&rbtnView=False&view=10&page=1&VehID=168593&VehType=U&SortOrder=ASC&Sort=Location&ExtColor=&IntColor=&Transmission=&Engine=&BodyStyle=)Phone: (888) 536-8811 13.22 miles from 75235 Mileage: 20,760 Color: White Gold Crystal Web Stock #: P16859

That's a two year old car that retailed for 66,000. The dealership is asking 20K less for it as well, approx a 10K per year depreciation and it only has 20k miles on it. What do you think they paid the person who traded it in ? It wasn't 46K.

If I paid the MSRP that would be a $10k a year depreciation. There is a $9000 difference between MSRP and Invoice. Anyone who pays invoice( even on this Lexus ) would deserve to take a big hit like that. A $4000 a year depreciation would be more like it.

benelliwang
10-19-07, 04:30 AM
I bought mine 04 for less then $25k last week with 57K miles. It was $3k below KBB but spot on in Edmunds TMV private sale.

CIWS
10-19-07, 08:16 AM
If I paid the MSRP that would be a $10k a year depreciation. There is a $9000 difference between MSRP and Invoice. Anyone who pays invoice( even on this Lexus ) would deserve to take a big hit like that. A $4000 a year depreciation would be more like it.

If they paid invoice on any car, wouldn't they be taking a smaller "hit" no matter how they sold the car ? I paid 46K for mine new, with a sticker of 53,3K. So if it's now worth 33K from a dealership trying to sell it, that's a 6.5K per year depreciation, in my case.

One has to use something for a reference when making a comparison. Since MSRP prices, and used dealership prices were two knowns and could be compared, that what was used. What any individual may have made is generally an unknown.

Nitro-C5
10-19-07, 02:06 PM
I just sent you a PM...I'm currently in the market for a 2005 V and may look to deal with a trade. PM back if interested.

chrisalteregokelley@
10-21-07, 02:25 PM
With Autotrader they don't have an option to select a CTS V, only the CTS; however, you can select an 8 cylinder option to bring up the V's. While finding a specific model under Mercedes is no problem. It goes to show that not a lot of people know about these cars when even Autotrader doesn't have an option to select them directly.

When doing a search for 2004-2007 V's in Orange County CA, the average price is $35k with a range of $26k to $42k.
When I expand it to 500 miles the average price is $40k with a range of $25k to $56k.
Then, expand to any distance, the average is $38k with a range of $21k to $70k.
Advertise Nationally and hold out for the right buyer you might be abe to get something in the low $30k's.

WheelHop
10-21-07, 09:02 PM
You haven't had the car for long, have you?

That's about a fair price for it, though. If you're working out a deal with buying a new car, they might possibly give you a better deal on the new car. Or more for the V.. either way.

ssmike
10-23-07, 12:50 PM
what are the specifics on your car? Where are you located?