Depreciated value on My Camaro LS - Page 3 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Berean · 11-06-2012, 09:40 PM

Quote:

Originally Posted by Dtrimpi87

Welcome to the world of buying cars. New cars today don't hold value. They lose value as soon as you drive it off the lot. I think of cars as a commodity not an investment. Now of course there are big differences between a collector's car and your normal mass produced modern car.

rickyrocket · 11-06-2012, 09:54 PM

Add FI to your LS

cjcamaro10 · 02-15-2013, 07:12 AM

I just bought my 2010 ls with 20k only real option is the factory stripes for 17,000 in mint condition.

cjcamaro10 · 02-15-2013, 07:18 AM

Quote:

Originally Posted by MBS

Hey you want a SS then buy a used one with what you would of spent on the extra cost on a new one, The guys that own a SS is going to lose there as@ also. You had to know going in that your car lost value as soon as it hit the street. $14,000 aint that bad and i am sure you can find a Used SS for $20K.

I searched and a used 2010 ss in the Midwest is still holding in the 25,000 range if not more with nicer options. 1lt's were like 20-22,000. The ones I looked at they wouldn't budge on price. A black ls the same as I got with over 40k the dealer wouldn't go below 19,000. I couldnt believe it in the middle of winter but I'm happy with the one I got as well as the price.

xkloid · 02-15-2013, 08:47 AM

Just traded in a 2012 1LT with 3300 miles on it for 22,000, MSRP of 29,875. I traded it for a 2012 2SS/RS for 31,261 with 4500 miles on it. I think an offer of 14 for 2010 model with 40k on it is fair. With enough of these cars on the market, not many people looking for a camaro with 40k miles on it. It is too easy to find one with low mileage. Don't trade in and go new, trade in for a nice used one.

2010SLVRBULIT · 02-15-2013, 08:55 AM

yup, mileage driving your asking price down. As mentioned, consider trading it in for a used v8. Alot easier to trade it in vs private seller, imo(time = $)..

..should just fix the car to your liking, you'd be surprised how it turns out.

Fraxum · 02-15-2013, 09:01 AM

If you want to know what your car is worth, look here:

http://www.galves.com/

This is what (many) dealers use as well as their own experience.

KBB is just a guess and is almost always based on what you want to hear rather than what a used car is truly worth. Sell it yourself and be happy with $16,000.

Or just be happy with it. It is still a very cool car. This is the smartest option.

LBreezie · 02-15-2013, 09:05 AM

Nothing wrong with keeping the car and dropping a LS7 into it after after 5-7 years of saving money up. Especially if the car is not a special edition.

myold88 · 02-15-2013, 09:07 AM

Quote:

Originally Posted by United_727

I'd like to get a new 1LT vert in the spring,but I don't wanna take a bath on my trade. As I only have 1,450 miles on my will-be 2 year old car (it's stored for ther winter,now).

Two years and 1450 miles ! Thats crazy from a dollar and cents standpoint.
Did you ever figure out how much depreciation is costing you per mile and/or
per year to keep your car mint for someone else ?
Sorry, but drive and enjoy imo.

ZED SLED · 02-15-2013, 09:15 AM

Quote:

Originally Posted by cjcamaro10

I searched and a used 2010 ss in the Midwest is still holding in the 25,000 range if not more with nicer options. 1lt's were like 20-22,000. The ones I looked at they wouldn't budge on price. A black ls the same as I got with over 40k the dealer wouldn't go below 19,000. I couldnt believe it in the middle of winter but I'm happy with the one I got as well as the price.

I got $25k trade in for my 2010 2SS with 17k miles mid Dec. I also ate $10k in mods, which I expected. It's sitting in their showroom with a price tag of $29,999 on it.

mikester0612 · 02-15-2013, 09:21 AM

The dealers are always going to screw you on a trade in. They are going to give you the lowest possible price so they can turn around and sell it what it normally costs so they can make a profit. Trade in is a last resort. If you cant find anyone to buy it off of you privately, then you trade in.

cjcamaro10 · 02-15-2013, 09:35 AM

Quote:

Originally Posted by mclark10

I got $25k trade in for my 2010 2SS with 17k miles mid Dec. I also ate $10k in mods, which I expected. It's sitting in their showroom with a price tag of $29,999 on it.

Trust me I searched, I have a friend at a ford dealer who said real money on the car i bought was 15,500-16,000 in black book. I couldn't find a single ss under 25,000. The nice ones were around 30k like yours. But who walks in and pays asking price anyways.

TooCool5 · 02-15-2013, 09:55 AM

Quote:

Originally Posted by SSOOCH

A. It's a massed produced car
B. It's an LS
C. You'll always get raped on a trade in.

Try to sell it out right.

What does kbb.com say it should be worth?

^ This ^

plus1zero · 02-15-2013, 10:11 AM

I was offerend only 19,000 at one dealership for my '12 last year, 2LT.

14,5 for a 2010 LS is not a bad trade in with 40k miles at all.

11-06-2012, 09:54 PM	#30
rickyrocket Drives: 2015 blk 1 SS Join Date: May 2012 Location: Coventry RI Posts: 1,309	Add FI to your LS __________________ 15 1 SS

02-15-2013, 08:47 AM	#33
xkloid ITZ COOL Drives: 2012 IBM 2SS/RS Join Date: Jul 2012 Location: Milwaukee, USA Posts: 314 View My Garage	Just traded in a 2012 1LT with 3300 miles on it for 22,000, MSRP of 29,875. I traded it for a 2012 2SS/RS for 31,261 with 4500 miles on it. I think an offer of 14 for 2010 model with 40k on it is fair. With enough of these cars on the market, not many people looking for a camaro with 40k miles on it. It is too easy to find one with low mileage. Don't trade in and go new, trade in for a nice used one. __________________

02-15-2013, 08:55 AM	#34
2010SLVRBULIT Drives: G5(LLT) & C6(LS3) Join Date: Apr 2009 Location: MARS Posts: 7,527 View My Garage	yup, mileage driving your asking price down. As mentioned, consider trading it in for a used v8. Alot easier to trade it in vs private seller, imo(time = $).. ..should just fix the car to your liking, you'd be surprised how it turns out. Last edited by 2010SLVRBULIT; 02-15-2013 at 09:09 AM.

02-15-2013, 09:01 AM	#35
Fraxum Drives: a M6 LT1 ordered From Becky!!! Join Date: Jan 2010 Location: NJ Posts: 7,520	If you want to know what your car is worth, look here: http://www.galves.com/ This is what (many) dealers use as well as their own experience. KBB is just a guess and is almost always based on what you want to hear rather than what a used car is truly worth. Sell it yourself and be happy with $16,000. Or just be happy with it. It is still a very cool car. This is the smartest option. __________________ "Democracy Dies in Darkness" My LT1 Keeper ..... ..... My Car Blog CarPlayList, a free App to build USB and Android Music drives.

02-15-2013, 09:21 AM	#39
mikester0612 Camaro 5 Muscle Drives: 2010 CGM 2SS/RS L99 Join Date: Mar 2011 Location: Miami, FL Posts: 703 View My Garage	The dealers are always going to screw you on a trade in. They are going to give you the lowest possible price so they can turn around and sell it what it normally costs so they can make a profit. Trade in is a last resort. If you cant find anyone to buy it off of you privately, then you trade in. __________________ TSW Donington 22" Matte Black / Corsa Cat-Back Exhaust / Kooks Signature Stepped Headers 1 3/4" - 1 7/8" / High Flow Cats / Custom Tune / CAI Cold Air Intake / BMR 1" Lowering Springs / VMax Ported Throttle Body / Heritage Grill / Havoc Rear Diffuser

02-15-2013, 07:12 AM	#31
cjcamaro10 Drives: 2010 LS 6M Join Date: Jan 2013 Location: Lombard Posts: 184	I just bought my 2010 ls with 20k only real option is the factory stripes for 17,000 in mint condition.

02-15-2013, 09:05 AM	#36
LBreezie Drives: 2012 Camaro 45th anniversary Join Date: Sep 2012 Location: PA Posts: 1,027 View My Garage	Nothing wrong with keeping the car and dropping a LS7 into it after after 5-7 years of saving money up. Especially if the car is not a special edition.

02-15-2013, 10:11 AM	#42
plus1zero Don't tread on me Drives: 23 Sierra X31, Past 2017 Fifty 2SS Join Date: Nov 2012 Location: United States Posts: 849	I was offerend only 19,000 at one dealership for my '12 last year, 2LT. 14,5 for a 2010 LS is not a bad trade in with 40k miles at all.