Is this a ripoff or normal? 2002 SS at dealership.
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Is this a ripoff or normal? 2002 SS at dealership.
A blue 2002 SS 6-speed with every SLP option is at a local dealer. It has 18K miles. They want 24,900. I am thinking of making them a offer for around 19 or 20. Is that a fair offer? Are they really worth 25K?
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Here are some links to help you out:
http://www.edmunds.com/?mktcat=edmun...mktid=ga335398
http://www.nada.com/
http://www.kbb.com/kbb/default.aspx?...FRNyZQodUnQ20g
http://www.edmunds.com/?mktcat=edmun...mktid=ga335398
http://www.nada.com/
http://www.kbb.com/kbb/default.aspx?...FRNyZQodUnQ20g
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I was asking on here as most people don't follow blue book or NADA for sports cars. Example: Most books say a mint WS6 is worth 16K. No one here or at a dealer would sell a mint WS6 for 16K.
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I bought my mint 2001 Z28 with 34,000 miles on it for $16,000 back in 2004. I recently looked at a yellow CETA that wasn't in very good shape and a dealer was asking 24,000. I told him politely, good luck. It's easier to find a good deal with a private seller.
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Originally Posted by ZeroFear
I was asking on here as most people don't follow blue book or NADA for sports cars.
I didn't look at the car, but for a dealer, $25K for such a desirable 18K-miles SS isn't at all unreasonable.
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Seems that the low mileage cars haven't lost much value in the last few years. I often see super clean LS1 cars with less than 20k miles selling for the same prices they did in '04-'05.
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+1 on what Sharpe said, banks and credit unions go by those values... so if you plan to finance it, you will not get that for it. So I guess if you pay cash its all good but dealers make their money on used cars... you probably wouldn't want to know what they paid for that car. And if someone traded that car in... there is no way a dealer gave over trade in value for it.
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Trading a car in at a dealer is very much like slamming your finger in the driver's door of a '76 Eldorado. It hurts. A LOT.
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^^^ Correct on that... Look up the average trade in value for that vehicle in excellent condition... thats the MOST the dealer gave for it... so they are probably asking a good 6-7K over what they paid for it.
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Originally Posted by Sharpe
Oh, they don't? Banks and credit unions sure do, so unless you're paying out of pocket, you better know what these cars book. In the world of an LS1 F-Body, it's certainly a buyer's market. Many think, "If I can get a good-running LS1 F-Body for $5,000, why spend 3-5 times that?"
I didn't look at the car, but for a dealer, $25K for such a desirable 18K-miles SS isn't at all unreasonable.
I didn't look at the car, but for a dealer, $25K for such a desirable 18K-miles SS isn't at all unreasonable.
+1, sounds like a reasonable price, Low mileage SS's or WS6's will go for top dollar, especially from the stealerships, good luck offering them 19k, I guarantee that wont fly....best you will get is maybe 23k.....
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On average stealerships sell used cars at 20-25% more then they paid in trade. I would start haggling at $20K and work myself up to $22-22.5 if I really wanted it. Low mileage SS's are always in demand. Good luck.
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I know we all like to bash dealerships, but the fact of the matter is...that's their business, they do need to turn a profit. So its only common sense that they won't give you book value for their car, because then someone will come in and try to buy it at book value.... giving customer A $20,000 for his Trans Am and then selling it to customer B for $20,000 doesn't do jack **** for the dealership. They always have wiggle room in their prices.
You probably do the same thing when selling items...you wouldn't start with your absolute lowest price you will take for something, that's just plain retarded.
Bottom line is, asking others what they think is a fair deal really doesn't help you. If the car is what you want and in your price range, go for it. I could browse the net all day and find cars that you can buy for "a great deal" but if if doesn't interest you, why buy it?
You probably do the same thing when selling items...you wouldn't start with your absolute lowest price you will take for something, that's just plain retarded.
Bottom line is, asking others what they think is a fair deal really doesn't help you. If the car is what you want and in your price range, go for it. I could browse the net all day and find cars that you can buy for "a great deal" but if if doesn't interest you, why buy it?
#19
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Originally Posted by RPM WS6
Seems that the low mileage cars haven't lost much value in the last few years. I often see super clean LS1 cars with less than 20k miles selling for the same prices they did in '04-'05.