Quote:
Originally Posted by bolteon593
say what you guys want, but my hands were tied last year and i had to drive from orange county to LA on a daily basis... 100 miles per day and 22k miles in a single year takes a toll on the car.
in supermans position, he lost 1k on his trade in with 6200 miles and the car being in near perfect condition.
mine was far from that, she had 22k hard miles put on her with dents dings and scratchs from here to the end of the world.
imo, the $1,500 loss was the best possible situation that could have happened.
i can see your point, paying markup on a car that is in a 120k per year production cycle (like the camaro) is a bit silly.
the gt500 was annouced that day limited to 5500 units for 2011.
in the end, i paid 3k markup on a car that cost 55k sticker, ie 6% of the cost of the car. per month on my financing, that comes out to less then 50 bucks; and for the year i plan on keeping it i'm willing to pay the additional cost.
each to his/her own though...
and if there was any official word of a Z28 and it's release date, i would have held on... but at this point, all we have is a paper stuck to the dash of a car covered in some camo gear with new tires and rims on it.
i think we all know that it's coming but i didn't want to keep living/driving/waiting for something that there is next to nothing to hold on to officially.
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Your 2SS had dings and scratches galore and 15K miles more than mine.. You got a steal with the trade in, definitely a no brainer when it got to that point. However the dealer took a loss on it to be able to tell a story in your case where the dealer in mine actually will break even at the worst and make a small profit at an auction since mine was a 1SS and is in excellent condition. You have though a monster of a muscle car and all the interior amenities are just a bonus. I'm still giving myself some time of driving my 5.0 in order to make a fair comparison between it and the Camaro. When I hit 800 miles or so I will write up the review.
Quote:
Originally Posted by 13lade
Just an FYI... the 2010 Camaro SS in "Below avg" condition with 23k miles wholesales at $28,700 according to Manheim. This is the 'stock market' for cars and gives you a daily value on what the dealers use. This is where the REAL wholesale value is determined and what they use to determine the offers they make on trades.
Just curious, did you get $500 cashback as listed on the Ford site for Mustangs? Also, anytime the OEM is offering cashback, that means you can ALWAYS get a deal well below MSRP. On cars.com, there are 2010 GT500s with asking prices around $43k and less than 5k miles.... so the depreciation is a real biznatch on these... another clue that you can get less than MSRP on a new one.
I am not trying to rain on your parade... just hopefully giving some good advice on what data to collect before your next trade 
Ultimately, all that matters is that you are happy with your new car. Money comes and goes.... memories are forever (or at least until the Alzheimers sets in.) Enjoy your time with the Cobra |
I did pay below invoice (x-plan) and on top of that did get the $500 cashback as well for the 5.0 and I didn't even ask for it or knew there was that incentive. I did get a good dealer