What Car Max Offered Me on a 2017 GS Collectors Edition?

I wanted to take the Corvette GS collectors Edition down to not only car max but also to a dealer to see what the trade in value was vs cash value. Now you could definitely get more doing a private sale but you open yourself up to allot of possible issues. Hope you enjoy the video.
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[@RodneyThomas]

PAID FOR THE GS WITH CASH!!!! Man - what a blessing! I want to be like you brother! lol

[@superprettyko]

Chuck, thanks for doing the video. Yes any time one buys a new car - just sign your name makes it a used car. You can't sell back even with out driving a mile, it's used. I ( WE ) bought the LAST G S Collector Conv. Being that it will only get me a few K more. Yes I have had it out in rain, on vacation. Only around 7000 miles. I have a lot with mine, extended coverage for 6 yrs, tire wheel, which saved me from buying a rear tire. Those are almost $600. We have Xpel all over, and even more with the Vet. Have extra set of G S wheels, winter tires, original will crack from cold. Great Vet, 140 and you don't feel it, more peddle to go. They fly. Thanks again Chuck

[@bdeale3314]

The difference between sticker or what you actually paid for the car....and what it's worth.....the depreciation in less than a year is CRAZY!!!SO.....the car is a keeper. You've taken the huge depreciation hit....might as well keep the car and spread the depreciation out over the next few years. Like you've always said....GET OUT AND DRIVE YOUR CARS.

[@philrhodes1553]

I thought about having my 14 Coupe evaluated by CarMax. Looks like a smooth process. Thanks for the video!

[@nickwang5208]

A year later now this car can sell at 66k Crazy how things turned out.

[@bluevette2230]

Nice video Chuck, it shows the difference between selling a vehicle as a private seller, and selling or trading a vehicle to a dealership; a decision that many members of the Corvette family, will be making, once the C8 becomes available; may all of you have a Blessed day; Corvettes # 1 !

[@Jimmerca]

Car Max is the best apparently And have had lots of happy buyers from what I have heard. Thanks for sharing and as always ❤️ your Corvette VLOGs

[@gunsforfunn9401]

Hey that’s me at 3:45! This guy is super nice! Nice to meet you Chuck.

[@Corvettes918]

Nice to meet you as well. Thank you for the hospitality 👍🏻

[@KingKevin2323]

I’ve been watching you for a while. And I gotta say seeing how nice you are to others is awesome. Lots of Vette owners I ran into were very arrogant but your a good dude 👍

[@seminole715]

Great video and great info, thanks Chuck!

[@CARTERCUSTOMS1]

LOVE THE VIDEO CHUCK, I HOPE YOU AND CARRIE HAVE A BLESSED WEEK

[@verygerry3719]

My experience with CarMax was just the opposite of your visit. CarMax offered me $3000 less than the dealer. Thanks for the video.

[@etdcorvettes]

Hey Chuck! It looks like nationally CarMax has three 2017 Grand Sports with 3,000 miles listed at their no-haggle price between $59,000 and $63,000. That's some pretty good margin.

[@jbroyles5227]

Chuck thanks for taking the time to do this....great job of putting together your video.

[@19pony97]

Wow! I knew depreciation was a factor on buying new but I bit the bullet anyway (Corvette Fever set in fast last Fall) I felt I got a good deal and will be keeping mine for a long time. C7 stole my heart and I have no interest in C8 at this time. Drive while I can, winter’s comin’. 👍👍👌👌

[@demmolitionman9244]

Great video chuck, now I have a good Idea as to what offers I can make on a couple of special editions I have found...

[@Siggyfreudski]

Nice vid thanks for the info. Carmax in Portland offered me 63k for my 2017 Z06 3LZ with 3700 miles, I thought that was a bit low but if someone needed cash right away that was the number. Anyway thought I'd add my 2 cents.

[@paulwilliams6417]

Great content as usual. Good to know what to look forward to spending on a Corvette

[@randyrhodes7526]

It's crazy how fast corvettes loose value but I think it is the same with almost any car, thumbs up at the start as always,,,!

[@Corvettes918]

They all definitely loose value but sports cars and especially Corvettes drop 15-20k pretty fast. GM and dealers get the big profits and you enjoy the car from there.

[@bigdogone916]

Lose

[@user-df5hr9uy4w]

Hi Chuck, It's true a lot of upgrades on any car they will give you a fraction of what was originally paid for. Some things they won't even give you any value as they say that most buyers don't value it. The funny thing is had someone traded in a GS exactly like yours. Car max would resale it on their lot for every little thing that the GS is equipped with including what they did not give any value on your trade, will be on their window sticker from the blue book under retail value. Obviously, when you have a special edition or a Fully loaded car, it is in your best interest to sell it private party. Most buyers may be looking for that exact car and are well-educated and will pay you that premium. In my opinion. Car Max is good for a base equipped car that your in a hurry to sell or trade into another dealership.

[@pablodiaz2792]

Ahhh there’s my Venom! Thanks for the pictures, Chuck! Also, I was waaaaay off the guess on the estimate haha

[@willspoint88]

I wish they were still that price! That same car right now would go for $68-$70k easy. (Ask me how I know) lol I’m in the market. Beautiful car, can’t wait to get my hands on one.

[@nelsonavila8414]

Like always. Thanks for a great video. Looking forward to sending you my pics. When I purchase my vette.

[@tonysmotors1551]

Chuck, Once again you’ve produced a great video that a common man can relate to. Looking forward to your next video.

[@Nemo0610]

Well, Chuck looks like I overshot the price, I guessed 63k-65k. I'm glad they were able to let you film, I've watched other Car Max appraisal videos and they made them cut the cameras off. As always love the content.

[@polarbear111000]

Great video Chuck........as always :)

[@joemessman1]

Chuck! Say it ain't so! My favorite you tube channel. I'll miss you. Until you return, God speed and good fortune!

[@brodylechman1195]

"Are you recording right now???" Chuck... "Haha..... Maybe.!!" Lol!!!!!!😂😎

[@bapakbob3897]

Thank You! And the Electric Blue interior is mesmerizing. That said, and as you mentioned the dealer/max stated, every box you tic on an order form, or option listed on the window sticker of an off the rack vette, is just throwaway money, not taken into account by the dealer at trade-in. car max explained to me, as they offered me 39% of original value on a 10 year old garage queen with 2300 miles, is that the estimators go by up to the minute auction results, if a number is listed in Kelly, NADA, Black Book etc, even the online versions, it is probably stale old news. dealerships and car max are tied into subscription networks reporting real time car auction results. lessons learned, my new C7 is averaging a thousand miles a month, and that is even with stay at home time on rainy days!

[@FrontSeatDriver]

I paid cash for mine too. I got an offer from Lamborghini for about the same. I won't be getting rid of mine when I get another car.

[@Brad_James]

Yup I'm still keeping mine!!! 😎😎😎👍🏻👍🏻👍🏻

[@kirkendicott5521]

Over a $20,000 dollar lose on a car you bought only 5 months ago tdisgusting.

[@kirkendicott5521]

That’s disgusting.

[@Corvettes918]

Yea, there is a steep drop off when you take ownership of a corvette. Unfortunately it’s a car that the majority of people only get to drive for a few months a year because of weather. He said the value would be a little higher in the spring but we are going into fall and those values go down.

[@vividpsychosis8222]

I’ve had my car for 2 months and lost 30k on my vette according to appraisal. Lol

[@Theclassiccarnut]

don't forget to add sales tax. I would never purch a new vette.

[@endirrwiggins2494]

In my Diamond Jim's voice: I like the finer things in life but, don't want to pay full price"

[@latauruswilliams4065]

That’s about right! I just purchased a 2017 grand sport 3LT with Z07 package for $50000. with 22,000 miles.

[@Scotty_in_Ohio]

Thought it would be just under $60k - as you said CarMax is in business to do business. The one thing to keep in mind is that they would cut you a check rather than at some dealers who would "offer more" in a "trade situation" is because they'll make up the difference in the deal... I've done well at CarMax selling and not so well selling to them - all depends on what they are looking for at the time. A similar priced (purchased new) SUV would likely do better at CarMax because of it's ability to be sold quickly. Great video Chuck - keep up the great content!

[@tausha46]

thanks chuck very good video

[@petercarey6883]

Now this was interesting Chuck. Glad you also got a number from the dealer. At $55k, less another $2k for tires, I'd be tempted to purchase it, even though it's an automatic. LOL When you take into account today's reality, it's not a bad price. Remember, technically it's a two year old Vette. I'm guessing, as you've previously stated, the ZR1 is going nowhere other than on the highway and back in your garage. But with this exercise, are we lead to believe you're considering selling/trading it in for a C8, or in preparation of a purchase? Now THAT would be interesting. I think we also need to hear from Kary on this one. LOL Save the Wave.

[@petercarey6883]

Correction to above second paragraph in above comment. Didn't mean to infer Chuck may be considering trading the ZR1. Replace " . . . selling/trading IT . . ." with " . . C7 GS."

[@petercarey6883]

No, no. I din't mean selling/trading his ZR1, I meant trading/selling the GS. Sorry for the confusion.

[@user-xp8qz1cc8z]

There are tax benefits to trading it in versus selling it outright. Ex. $100,000.00 new car minus $55,000 trade-in means you'll pay sales tax on only $45K. In NJ (7%), you'd pay $3150 with the trade vs. $7000 if you sell and then buy without the trade.

[@ridesbyrod61]

Thats plum crazy!!!

[@jimsollmi3600]

Enjoy the ride and forget the cost. It is a gorgeous car and lots of folks cant ever get one at any price.

[@leafywatson249]

Me&wifey took our 16 z06 to carmax last year&they told us it's worth 56k&summer it will be worth more stage1package brought new 2miles for 77k auto

[@amoslyaround]

That was very interesting! Something to think about as I ponder buying a new Vette. BUT, it's not an investment. It's purely for the fun and joy of owning and driving the car. At least it is for me. Just got back from paying our friend Rick Conti a visit and hopefully I'll have a new one down the road a piece. BTW, he's a great guy to visit and knows his Vettes!

[@75yellowstingray]

I work for a used car dealership and here are what 2017 GS's 3LT are bringing at auction 15,000 miles purple in Texas $56,400, 2,000 miles blue in New York $55,800, 7,000 miles Collector Edition in Ft Lauderdale $58,800, 10,600 miles red in Louisville $56,600 all were sold in the last 30 days at Manheim Auctions

[@Theclassiccarnut]

seems like carmax is covering there ass if they need to send to auction.

[@robertjakicic5878]

Out of all the American cars that are made the Chevrolet Corvette holds its value the best. And like you said Chuck, they don't look at things or take into account the add ons or personal touches that are added onto the car. But your wife's Corvette is very impressive and I think you can get over $60,000 if you sold it privately.

[@jonmack2437]

I cant wait to get a corvette and drive the hell out of it. I'm not the type to keep the miles low. I've had some of the best/worst times mashing through winters in my challenger

[@DC5Angelo]

I love the outside color just something with the blue interior though doesn’t do it for me ... went to my local dealer and they at a grand sport 1lt for 58k. Same color as yours. Wish I had the money

[@dwilson2126]

Crazy! That would be a massive hit to your pocket.

[@chrisvise4939]

I was thinking 58-61k, so I was off. Like you always say, these cars a supposed to be driven and no one should be expecting to make a profit Off of them. Thanks for sharing. Look forward to the videos each week.

[@dinonoce]

That sucks for you to lose that much in depreciation, but it’s great news for people looking to buy a used C7. I would think that prices will drop even more once details of the C8 are released.

[@geezerguy6410]

Lol "ouch" Chuck. Hard to believe they only offered 15k more than I got for the 16 base Stingray.

[@richardh418]

Have a blessed week to bro🙂

[@michaelanderson5975]

Hi Chuck maybe it's me but I think that kind of low-balling your GS that's a beautiful car inside and out when you said estimate what they would price it at I said about 70,000 it's close but are you going to keep the car or trade it in or you're not sure good luck with it thank you for your information you're very good at this LOL God bless you and your family by the way I notice everyone that you show with there Corvette they're always smiling it must be great therapy to own one😀👍

[@Sunnytkd1]

Hey chuck how do I save the life of my Grand sport tires? Should i get an alignment?

[@larrylentz2592]

Speechless

[@willneverrememberit1]

It's crazy how all the options mean nothing to value in the long run. I'd be happy to get 65 out of my Z06.

[@aarongentile7232]

Great video Chuck! Thank you very much for doing that, that's very useful information. I find it very interesting that CarMax is willing to pay more than the dealership. Of course the dealership will probably hit you for 4 new tires like you mentioned, which may have something to do with the price differences. If I may ask --what did you pay for the Z51 package? & How much extra did u pay for the Aero package? edit- I just received something in the mail today from the dealership where I purchased my 2012 GS a few years back. The flyer I received gave me a number and said text them and they would respond immediately with an amount they were willing to pay me for my car.. it's a very basic Grand Sport and only has about 23,000 miles on it (I'm 2nd owner & it's always been kept in a heated garage and never driven in the snow) Their response was " we need your Corvette and are willing to pay up to $23,085. Visit our dealership now" ..... geeze, I'd paid $23 grand for my car in a heartbeat!!

[@applejacks971]

Just started the vid... if carmax offers you anything within $5k under wholesale I'll be impressed. Auction value minus $3500-5k is what's its gonna be hit at with them.

[@anthonymuntz2121]

They are crazy!! I wish I could find one around that price.

[@macpulperable]

Look at Kerbeck Corvettes and check out their prices.

[@xjones2087]

2200 miles. You've hardly driven the car. My vette was $80,000 for the original owner, i got it for $51,000 with 5500 miles and drive it daily. Depreciation is horrible for the original owner, but for me it was an awesome deal. I just can't imagine why people put so few miles on them. These cars are meant to be driven. The C7 is an amazing driving machine.

[@Corvettes918]

First of all you must not watch my channel. It’s not my corvette so you are right I haven’t driven it. 🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

[@xjones2087]

It doesn't really matter who's driving, it's sad that it is rarely driven. These are awesome driving machines. Thanks for this great corvette channel :)

[@bobsmith4292]

Called it in the first video. Z06 adds 10k to trade which is still low. Gotta keep these cars for at least 5 years to not get beat down hard. They level out.

[@DominusEstOK]

Uhhhh Chuck, I know the road you are on at 1:07 and that speed is not the speed limit! :) Though it is the best road in the area for feeling some Gs! :)

[@barynovacek5982]

I am going to go the record for about $53k. I been dealing with them on other cars lately so taking into account my recent dealings.

[@mosesleo2362]

Quick question do you only post c7 at the end or do you put c6s to but I have a 2010 c6 gs and would love to for you to put it up or you Channel also new on your Channel and loving it

[@Corvettes918]

I post what people send in

[@rinaldocatria4386]

Chuck.. there has never been a car with as much expectation on it than the C8. There is a good chance initially it will disappoint IMO. I think its highly unlikely the early ones will NOT have reliability issues. Everyone on the back of a tilt-bed will initially be plastered on the pages of a car mag. If the C7 is discontinued completely, people might be shocked with a value increase on them.

[@Corvettes918]

I think GM made too many C7 Corvettes in my opinion. The market is flooded with them. These are cars that drop not 5-10K when you drive off the lot but 15-20k. If you are keeping the car it’s not going to affect you but if you are keeping for a year or two will be felt. I hope you are right on the C8.

[@morejelloplease]

gotta pay to play, just depends on what you want. i bought a new 2lz for 69k and sold it 2 years later for 64k, sticker was 90k.

[@2O6Team]

more jello please very nice , not bad of a depreciation. How many miles you put on the car during the 2 years ? Was it a stingray,GS,Zo6

[@backyardchevy328]

lol least i got the 2nd offer right:)

[@tonypittman]

Nice. I guessed they would offer $45-50k.

[@candygreenr1596]

Name of song at the end?

[@larrynewberry3500]

Nice job Chuck. A little higher than I thoght. Did the dealer give you a price? I may have missed it. Very nice car.

[@Corvettes918]

Dealer was 53k

[@johnholeman8127]

Thanks chuck. Knowing where we stand is very important. For me mine is forever. Newbie John

[@Gamer255pros]

if i buy brand new corvette grand sport supercharged 2019 model price?

[@michaels3897]

2 year old car--worst depreciation hit. Not surprised at the offer. They'd probably put it on the lot for $63. I think its value will hold up pretty well over the next 2-3 years, though. Is a "special" model.

[@willevans5319]

Man that’s crazy only 55k for that beautiful ride, I was very disappointed couple of months ago when I took in my 2016 ZO6 3LZ Zo7 package convertible with an auto, it only had 5400 miles, garage kept, I really took care of that car where the Chevy manager was surprised to see how mint my car was, but I was only offered $64k on a car that I paid $112k for plus tax in July of 2015

[@willevans5319]

Got the 2019 ZR1 3zr ZTK coupe and manual in Elkhart Lake blue coming in about 3 weeks after it’s built, that was the reason why I sold my Zo6 and I got more than what the dealer offered me

[@O_Gio91]

James with the white 2017 GS 3LT... where’d you get that steering wheel??? 😍

[@jbroyles5227]

Its a Caravaggio steering wheel....its my retirement present!

[@tuomasholo]

You have to pay if you want to play. Some day, I hope to save up enough for a base vette.

[@dmpsix7417]

I dont get why anyone spends that much and ends up getting less than the Z06... I have zero complaints about the car. I'm in love with mine and couldnt be happier.

[@bombvoyage8207]

I would never sell a car as sexy as that even if they buy it more than what i bought it for

[@Autos389]

Just look at C7 Corvette used prices and you'll see why C7s won't be depreciating very quickly after the initial first two year hit.

[@javiica62]

So what should a c7 gs lt1-2 cost? If that’s 55k then I guess the regular gs should be cheaper? I’ve seen some around low to mid 50s with around 10k miles.

[@javiica62]

Even in the 60s

[@Boomboom-ox9hn]

And that's why I never do buy new cars! ...... $$,$$$ hit in less than a year? .... I'd feel suicidal no matter what make of car! Nowadays I only buy used cars from owners like yourself Chuck. Owners that drape their cars with every factory extra. Especially owners like you Chuck that look after them and clean them in the way that you do. Folk has been known to say i'm like a bird of prey for spotting clean low mileage bargains .... Good day to you sir! By the bye .. I prefer this collector Edition Corvette over the ZR1 you have! ....ZR1 still a nice car tho!

[@bangzout2484]

Boomboom pure facts man, completely agree!

[@macpulperable]

After owning a 2018 Stingray for 9 months, I am shocked at how the car value has gone down. If the ratio is the same, the value of mine should now be about $33,000.

[@robertfoley6430]

Chuck what is the number of your car?

[@stevegreer1963]

So, if you would have sold the Corvette to CarMax, how much value would you have lost in just a few short months? How about the loss per mile? That’s exactly why I buy used and never buy a new car.

[@deanporostovsky9547]

65k! Wow! $10k off on my guess. No way I'd ever do it. That is one high end GS!

[@parhamobriant1970]

You overlooked the Sales Tax value. Tennessee has a high sales tax. 55G off of 85G would mean you would only owe tax on 30G.

[@bingster-223]

Wow i never thought they would go that high. I'd still keep it lol. I never buy a car and then start worrying about resale value. Let the Porsche and Ferrari owners do that.

[@angelobovara317]

Liked!

[@MrCdonjuan1]

Wow and thats a special edition, now go take that ZR1 in

[@anthonymuntz2121]

I would never get rid of it. But that's me. Simply because I always wanted one since the1996.

[@vividpsychosis8222]

I have a 17 Grand Sport 3lt with heritage package, full carbon fiber aero stage 2 kit, full carbon fiber rear end, total car xpel coverage, full ceramic coating, ceramic brake pads, only 10k miles, a eforce supercharger and exhaust and xpipe. They offered me 52k. Lol

[@Corvettes918]

I was told they give zero value to mods. That 52k is just 😂😂😂

[@JayDKB]

Traded mines for 51 to car max but they gave me a 3000 tax credit on buying a car from them so technically it was 54K trade in for my 2017 Corvette Grand Sport 2lt 7k miles.

[@tremellk]

They didn't give you that credit. You would receive anywhere you traded your car in...

[@backyardchevy328]

ill guess 53k

[@byronconley9398]

Do you think that was a fair price boss man Personally I think it’s worth a lot more

[@ozzstars_cars]

Crapmax would put it on the lot for $59K which would be a great deal for someone buying a 2k mile loaded Grand Sport.

[@Crab53]

Carmax doesn't do deals to make only $4000.00. I'd guess Carmax sticker price would be north of $70k for a low-low mileage Collectors Edition GS. JMHO

[@ozzstars_cars]

@@Crab53 your high on your number. I could only wish my '18 Grand Sport was worth more than I paid for it. 😶

[@century21award]

$55 grand? Chuck, you've clearly forgotten to change chrome lug nuts to the black ones LOL

[@ItsABassDammit]

I'm not ready for the C8

[@lylejohnson2360]

15k more than I would get for trading in my 2014 2lt stingray.

[@jerryspinosa4111]

Wow shame on you Chuck I'm gonna tell the Mrs. Lol how did you feel about that appraisal

[@cwet6163]

So are you audi now or what? I saw the good bye video and just wondering what the sit-rep is. Moreover, TY for all the info, YOUR personal valuable time, your attention to detail and dedication to us out here in the trenches. I am I-SPEEED on the forum, send me a friend invite. I am in the same position but have up to and maybe 4 defin, maybe 5 cars to dump (BMW-M, new vettes, old vettes, Excursions, HUMMERS, choppers etc all paid for, while in the interim to get the ME ASAP. Check with Rick and maybe he can fwd you my email for some advice from you too. Still waiting for his email reply, I know he's a busy cat. I am the guy who went to Iraq and I am trying to get rid of everything before the cancer gets too bad. TY MCC

[@1111boone]

Chuck I’ve had numerous Corvettes including the collectors edition 2014 Stingray. The dealers couldn’t care less if it’s a “ special “ edition. All they do care about us what options, how many miles and what the condition of the car is. Sometimes if you trade in soon, there’s not even a baseline number! Believe me, you’ll never get what it’s worth, even if you’re trading!! $55,000 and what did you pay for it?? At least a $15,000 loss for 2000 miles driven. $7.00 per mile. Hey Chuck I put brand new tires before bringing to the dealer for a valuation. Guess what, they aid I needed tires!!! What a joke! Also, they take off about 2 grand for tires. I told them to take off about $1200 if new tires were needed since you can get them from the Tire Rack for a little more than that. As a dealer they can get them for even less.

[@hpickettz34]

Another youtuber had a 2lt 2017 had the same offer of 55k.