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Corvette
General Corvette Discussion
C7 GS to C8
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<blockquote data-quote="DavidWG" data-source="post: 296193" data-attributes="member: 3145"><p>I was given $75k trade in value for my 2019 well equipped GS about 18 months ago. Traded in on a 2022 loaded 2LT, HTC which I purchased at MSRP - around $110k. Dealer took possession of my 2019 GS when I placed my order for the C8 as it was August and good selling time. New C8 arrived the following May of 2022. Deal involved a bit of paperwork as they gave me a check for the $75k when I delivered my car to them in August. Then when the new car arrived following May I gave them $75k back plus the difference for the new C8 and they wrote it up as a trade in thus saving considerable tax. One hitch i discovered is that the new car must be delivered within 12 months of the trade in being given to the dealer in order to qualify for the sales tax credit. What most dealers will do is place your car on the online wholesale auction site for dealers and see what the bids are and give you a trade in value based on what the bids are. Know of another person who traded another 2019 GS in on a C8 about the same time and he got very similar $$.</p></blockquote><p></p>
[QUOTE="DavidWG, post: 296193, member: 3145"] I was given $75k trade in value for my 2019 well equipped GS about 18 months ago. Traded in on a 2022 loaded 2LT, HTC which I purchased at MSRP - around $110k. Dealer took possession of my 2019 GS when I placed my order for the C8 as it was August and good selling time. New C8 arrived the following May of 2022. Deal involved a bit of paperwork as they gave me a check for the $75k when I delivered my car to them in August. Then when the new car arrived following May I gave them $75k back plus the difference for the new C8 and they wrote it up as a trade in thus saving considerable tax. One hitch i discovered is that the new car must be delivered within 12 months of the trade in being given to the dealer in order to qualify for the sales tax credit. What most dealers will do is place your car on the online wholesale auction site for dealers and see what the bids are and give you a trade in value based on what the bids are. Know of another person who traded another 2019 GS in on a C8 about the same time and he got very similar $$. [/QUOTE]
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Corvette
General Corvette Discussion
C7 GS to C8
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