Used 2014 1LE Prices

[honor first]

Curious to if anyone has seen any used 2014 1LEs sell yet?

Plan on keeping mine, but always like to keep tabs on my financials, and where I would be if I had-to-sell-but-could-wait-for-a-decent-sale-price situation. That and if I could get a reasonable amount, I'd be after a C7 or used ZL1. Or what I really should do, which is a <10K vehicle with no payments

I've seen 2013s, but not the new 2014s used yet.

Mine is a 2SS RS 1LE +sunroof if anyone cares to speculate!

[CrystalRedTintcoat]

Kbb.com?


Sent from my iPad using Tapatalk HD

[honor first]

Originally Posted by CrystalRedTintcoat

Kbb.com?


Sent from my iPad using Tapatalk HD

too new 2014 doesnt show up yet, or on edmunds or any of those. i think the only answers will be if someone has somehow seen one sell already

[The_Blur]

It's not 2014 yet. Any used models are complete flukes.

[Msmall143]

I think if you look at the 2013's now you'll know what you'll be looking at in 8-12 months.

Off the lot your gonna loose 3-4k, then they seem to be holding well. So I'd say you'd take a 3-4 k hit just because it's used

Kbb is a joke.

[Camaronutt]

GM has been selling 2014's for months!

[The_Blur]

Originally Posted by Msmall143

I think if you look at the 2013's now you'll know what you'll be looking at in 8-12 months.

Off the lot your gonna loose 3-4k, then they seem to be holding well. So I'd say you'd take a 3-4 k hit just because it's used

Kbb is a joke.

The $3-4k people are losing is generally taxes, not the value of a new car. I don't know where this myth started.

Think about what you paid for a car. Now take out the taxes, title, license (TTL), doc fee, and accessories, GAP coverage, and other finance options. There's your few grand in lost value.

[Dropspeed]

Originally Posted by The_Blur

The $3-4k people are losing is generally taxes, not the value of a new car. I don't know where this myth started.

Think about what you paid for a car. Now take out the taxes, title, license (TTL), doc fee, and accessories, GAP coverage, and other finance options. There's your few grand in lost value.

Value is determined by supply and demand. And new vs used value was started by consumer perception....which then because pricing reality

Put two identical cars side by side on a lot....One is used with 77 miles and the other is brand new with 87 on the odo. If the price is the same the customer will look a the new (never titled car).....The only way to sway the customer to the "used" vehicle is by offering a lower price. Exclusivity does not play a role in a new Camaro because the SS/1LE is still an option that anyone can order.

[Msmall143]

Originally Posted by The_Blur

The $3-4k people are losing is generally taxes, not the value of a new car. I don't know where this myth started.

Think about what you paid for a car. Now take out the taxes, title, license (TTL), doc fee, and accessories, GAP coverage, and other finance options. There's your few grand in lost value.

I was talking about the price paid for the vehicle only. It's assumed you are eating the taxes, registration etc. He next owner will have to pay taxes registration and what not anyways.

Drop speed had a good example

I would expect a 5-15% hit just by regestering the car and then classifying it as used. Because that's what people are going to want to save to buy used over new. typically the reason people but used is to save money.

It's not a myth, new cars loose value the minute they become used and continue to do so for the life of the vehicle, unless one day the demand picks back up for said car. They are depreciating assets.

I bought mine for 33,900, the guy paid 41k(not including taxes, registration etc) I know that because he paid value was on the title. He owned it a year and put 6k miles on it.

The depreciation curve is going to be the steepest decline for the first owner and the first thousand miles or so.

[raptor5244]

I am leasing my 2013 1LE and can give a rough idea of the residual value after 36 months and assuming 12k miles per year. My 1le has all options except the RS package. 2ss, Nav, sunroof, NPP, and the residual is set at $27,200. This is also consistent with current 3 year old camaros selling prices at the auto auctions. Hey, who knows maybe if I keep the miles low it will be worth 29k and then I will sell it rather than turn it in. The residuals are pretty strong. If you can negotiate the purchase price down with a strong residual you should be able to drive a loaded 1le for less than $400 per month with about 3k down.

Also, like mentioned, once a car has been titled you lose that first $3-4k immediately. Maybe even more if it is not a desirable car. I think if you buy one of those Volkswagen minivans it drops like $10k when you drive off the lot.

[honor first]

http://www.ebay.com/itm/Chevrolet-Ca...US_Cars_Trucks theres one, first ive seen. not bad if he actually got 40.8

[Msmall143]

Originally Posted by honor first

http://www.ebay.com/itm/Chevrolet-Ca...US_Cars_Trucks theres one, first ive seen. not bad if he actually got 40.8

It ended at $34,200

[SSTG]

Originally Posted by Msmall143

It ended at $34,200

That was just the highest bid for that auction right?

$34,200 is crazy low for that car with it's options.

[honor first]

Originally Posted by SSTG

That was just the highest bid for that auction right?

$34,200 is crazy low for that car with it's options.

did it sell, or was there an un-met reserve? i cant tell. if it sold for that i am going to wish i never saw that, and hate my life for spending 43k on mine new