Thinking of downgrading and trading in my 2018 1SS 1LE
Bought my HBM 2018 1SS 1LE this year as CPO. Traded in a BRZ that I had for a few years. I am not super attached to this car as I thought I would be. I enjoy it, but frankly I wouldn't be sad if it goes away. And I am wanting to start a family in the next 2 years. It has almost 12,000 miles.
I have been toying with the idea of trading it in for a car in the $15k-20k range. Like a cruz or something. Then before the Camaro model gets postponed for abit possibly; buy a 2023 ZL1 1LE, if I am still well off. It just doesn't seem like the market is that great for this car right now. I drive this car everyday and it is financed for the next 4 years. What kind of hit can be expected should I trade in? Any advice? I am curious if someone has done something similar. |
People on the facebook page report great deals happening on ZL1 1LEs right now. Might want to just trade in for one and hold it. Also, have you used it for autocross or track yet? My love for the car grew exponentially after the first autocross.
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More so I want a more friendly daily driver and I am not as into this car as I thought I would be. |
Well, it's winter in most of the country so the market for any RWD sports car isn't the best.
If the car just isn't doing it for you anymore I'd say trade it in, assuming the dealer will give you a fair price. |
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The car is great and it is fun. That being said I'm completely fine with the idea of it going away. |
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It sounds like maybe it is more of an expense then you want long term.
As amazing as the SS 1LE is in performance, it is the opposite in resale value. These cars at certain times of the year were almost $8K to 10K off MSRP when new, this destroys the resale value. GM performance cars (including the Corvette's) are great bargains for the consumer, but you have to know that unless you put A LOT down, you are going to be upside down for quite a long time. |
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FWIW I put 13.5 down on mine used 2017 with 5k miles (paid 32.5 out the door), I expect to have some equity in the car as it sits. Think I owe around 20k with interest still. The lady and I are expecting to buy a house this coming year, but I had been saving for a Camaro for a few years. Good luck on the future, maybe you'll pick up a C8 instead :happy0180: |
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Yeah, if you're not into autox, track driving, have curvy rural or mountain roads to drive on, the car would never see it's potential so why bother? I wouldn't want to commute in it, that's for sure.
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I would try selling it private party first. You should see a couple grand more that way.
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judging by the for sale forum here, the 1LE needs its own section.
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