06-17-2018, 01:39 PM | #1 |
Drives: None Join Date: May 2012
Location: RI
Posts: 255
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Used Camaro V6
Why is used pricing for Camaro 1LT V6 seem high compared to say a new one? 2018 used one with 10k miles going for $24,500 whereas a new one same options just a little bit higher. Why is that the case, when just a couple years ago you could have a new one for 28-30 percent off?
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06-17-2018, 04:31 PM | #2 |
Drives: 2024 ZL1 M6, 1969 Cessna Skylane Join Date: Jun 2018
Location: Dallas
Posts: 368
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Supply and demand is the simplest explanation. I got a pretty good price for my used Gen5 V6, so there seems to be considerable demand on the used market. I suspect people are discovering used Camaros tend to hold up better than used Mustangs.
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06-17-2018, 07:51 PM | #3 |
Drives: 2021 LT1 10 speed auto Join Date: May 2013
Location: Connecticut
Posts: 2,343
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And the 6 cyl cars don't get beat on like the V8 cars. The 6 cyl Stangs are not as peppy as the fantastic V6 Camaro.
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06-18-2018, 06:52 AM | #4 |
Drives: Former 2016 Camaro 1LT Join Date: Jan 2017
Location: Naples, FL
Posts: 760
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The V6 Camaros should be very low price used compared to new given the huge depreciation. I paid 36.5 for my 2LT and if I traded it in right now would probably net 20K for it and it would sell retail for 22-24. SS's hold their value better and are much more expensive used so you should be able to find a great deal on V6.
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2006 C6 Corvette Manual, 2019 Silverado, 1997 Jeep Wrangler
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06-18-2018, 11:14 PM | #5 |
Drives: 2021 Shadow Gray 1LS Join Date: Oct 2011
Location: Streetsboro Ohio
Posts: 1,371
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People still fall for the line that the "used ones are cheaper because someone else pays for the depreciation".
If your pricing a used Camaro, you might want to see what a new one runs , less any incentives. Between that, sales tax incentive on a trade in, and less interest rate on a loan, sometimes buying new is actually cheaper. |
06-18-2018, 11:27 PM | #6 | |
Drives: 2024 ZL1 M6, 1969 Cessna Skylane Join Date: Jun 2018
Location: Dallas
Posts: 368
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Quote:
Initially there's going to be a huge depreciation, but there's still a good market for those that are a few years old. I paid $22K for my V6 2LT 5th gen in 2010 and sold it recently for $12K through Carvana. I could have gotten more for it had I marketed it myself as I see some going for $15K on ebay with more miles. I don't think I could have done as well with a SS as the initial price would have been much steeper. |
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