So I was looking at a new Stingray Z51 and asked the dealership what they would offer for my 05 Turbo S Cab. It took them 2 days to work out a number. Hendrick Porsche in Charlotte would be the buyer through Hendrich Chevy in Atlanta. I received an email from the used car manager at Hendrick Chevrolet Atlanta and he said he is willing to offer $43000 for my car. Is this a realistic number? My car has warranty for 4 more years, 27000 miles, and is in near perfect condition. They want me to pay full retail for their Corvette of course. It is so hard to pinpoint a realistic number for my car. Every black book, blue book, book value website has a totally different price range. I have it listed online for $59900. Do I need to lower the asking price?

 

Don't forget about the tax savings with the trade in, you're looking at almost $50k for your car. I paid $47k for my 03' 911 Turbo with 26k miles in February so they don't seem to be too far off with they're offer.

 

Jay, if I were you, I would consider consignment through Sloan cars or somewhere similar. In addition to listing online. A Turbo S with decent mileage should bring at least mid 50's IMHO. Just need to find the right buyer.

 

If they offered $47k I might've pressed on with the deal but to think that they would take my car and put it on a lot somewhere and ask $59-61k after giving me $43k turns my stomach.

 

Everyone has an opinion mine is keep what you have and at the very least hold out for three to four thousand more= they will pay it.

 

What "tax savings'?

 

He will only pay sales tax on the difference amount between the two cars. That will save him $5k or so.

 

Generally when you trade in, they will take the trade in value (taxes already paid) against the purchase price of the new car and charge taxes only on the difference. So 100k - 50k trade = 50k + tax for new car not 100k + tax - 50k for trade.

 

i just paid 43k for an 01 with 30,000 miles on it and after tax was close to 47k.

 

They will.

 

Just keep it. You have a low millage car.

 

As a new member with a o4 996 tt this my first post. However,I have a friend looking for a similiar car. Where can I find a listing of your car?

 

43k sounds more like the price of an 03 turbo...you have an 05 with warranty, the x50 package and the ceramic breaks...I'm not a cab guy, but I'm sure that adds value as well. I'd say 50k at the very least.

 

You might as give it away at 43! That's not even in the same ballpark as what they're worth. The trouble is... finding a buyer that really wants to spend that kind of money on a 996TT. There will definitely be one, but they might not be in the market at the moment.

In the mean time, continue to enjoy your car... the vettes will lose value faster (even untitled cars, as supply catches up and demand fades off) IMO

 

Depends on the state you live in. In Michigan it we didn't get any trade in benefit until last fall when a new law was enacted, but they still only give you up to the tax value on a $2000 trade in. I.e. maximum tax saving is $120. Now sure what the law is in GA where the OP is from.

-C