[SSShark]

Originally Posted by arpad_m

This is just too crazy to be blamed on inflation alone, even though it's real. I could buy one for $43K right now, with a few options.

Don't forget the $5k market adjustment adder. It will be added to the MSRP.

[79 TransAm that never was]

Originally Posted by 1supersport

After much anticipation, and after leasing an LT1 from 2021, I finally got to finance a brand new 1SS. With interest rates being so high, does anyone think I’m completely insane for financing at 94k over 7 years on a car that’s $62k? I need feedback from other owners. It’s my dream car.

Should I also get the AFM disabled right off the bat?

Of course hindsight is 20/20, but personally I would never have agreed to those terms. Everyone has differing financial circumstances, not knowing your circumstances I can only offer you what I would have done...in my case I would have looked into a home improvement loan that is deductible. Or a 401k loan where you pay yourself back w/interest.
Being older than 62 1/2 I would consider taking out the full purchase costs of my new car. Before I did so I would first have to compare the interest rate on a loan vs. what interest rate my 401k was generating. If I were paying 5.9% on a loan, then in my case it makes more sense to take the loan then removing money from my 401k that is making 10%.

As you can see all of us have different financial circumstances that makes it almost impossible for us give you advice on your financial circumstances.
As others have said I think 62k for a 1SS seems pretty steep.

At this point I would consider it water under the bridge. Enjoy your new car, talk to others about other options to refinance it, and refinance it ASAP.
Just my thoughts...

[NYTMARE23]

Man, sorry you had to pay so much for yours but like others have said everyone's situation is different. Here's what currently listed on my dealerships website in Omaha, Nebraska for Camaros(all A10's):

2023 Rapid Blue ZL1 convertible--78k
2023 White 1SS coupe--49k
2023 Black 2SS coupe--51k
2023 Rapid Blue 2SS convertible--55k

[79 TransAm that never was]

Originally Posted by arpad_m

Hey 1supersport, you have indeed got yourself an amazing sports car that you'll thoroughly enjoy

On the finance side, though, it seems you got ****ed real bad, both on price and interest (although, truth to be told, the rate may unfortunately be legit if your credit isn't excellent).

What options does your car have to be priced at $62k vs the MSRP of $41-42k with zero options? You mentioned a "carbon fiber high wing spoiler", now is this as in the big boy ZL1 1LE wing that costs $4500? I don't even see an option with this name either on the website or in the 2023 order book, I wonder what the dealer will install for you.



He never said 72 months, and these numbers do work if he financed for 60 months.

He said "7 years" = 84 months.

[SS_Don]

Congratulations on the car.

If you belong to a credit union check out their rates. They usually have better rates.


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[MadeInHB]

You got screwed. I got a 2SS for $53k out the door. The dealer is dancing for sure.


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[Invertalon]

I'd say you got hosed.

I was at just 50K out the door for my 21' 2SS with MRC/NPP and some other odds/end options. My loan was 40K (rest was down payment) and over 5 years at 1.99%, my total cost is $42,056 for the loan, just $2,056 in interest, and the $10,000 down payment.

So all in, $52,056... You are in for nearly double with a 1SS.

I know interest rates and even dealer markups are up, but I personally would never drop that kind of coin on a car. My 2SS is about the limit for what I would ever pay OTD for a car.

Hope you can refinance later on, at least.

[Red Chief]

Interest rates are horrible right now. Doesn't matter what your credit score is. I can't believe housing construction hasn't completely collapsed.

Apparently the only way to get inflation down is to give our money to bankers.

[NYTMARE23]

Speaking of getting hosed(mostly by GM), here's my story:(SORRY, tried to abbreviate as much as I could).
2022 ZL1 scheduled to be delivered May 23rd, 2022 at $68,815 with interest rate at 4.75 then. My 2022 got stolen and wrecked FROM THE LANSING PLANT May 2nd, 2022. Had to reorder same car as 2023, with the higher MSRP of $72,665.. 2023 got delivered September 6th, 2022. Was told the interest rate would now be at 6.99. GM gave me Employee discount on the 2023 for my first one being stolen/wrecked. Price of 2023 with discount was now $67,595. Dealership "helped" me out with the bank and bought a lower interest rate for me. Thet were able to get me at 5.49 from the 6.99. Which everything considered is not bad for price of car and interest. MY issue along with SEVERAL others have said is that GM SHOULD have price locked my 2023 at the 2022 price of $68,815 AND kept me at the initial 4.75 interest. Then I would have gotten my 2023 ZL1 for $63,998 with Employee discount and the 4.75 interest. Of course i knew that was never going to happen with the money hungry GM brass. I still overall feel like I got a good deal($67,595 @ 5.49%) considering the interest issues and MSRP increase from 22 to 23, but I do BELIEVE it could have and should have been better.

[1supersport]

It’s true I could have went with a 2SS for even less, but this car had a lot of upgrades. The ground effects body kit and carbon spoiler still haven’t arrived at the dealership but they told me they would install it for free once it gets there. The ground effects package alone was $2k. They also tinted the windows.

Additional options:
Ground effects package
Magnetic ride control
Recaro performance bucket seats
Interior spectrum lighting
Dual mode performance exhausts
Carbon flash metallic wing
Strut tower brace
Red brake calipers
Suede steering wheel
Suede embroidered center console
Red seat belts
Red interior trim
Red kneepads
and a few more things

It priced it up from $39.9k to $55k, totaling about $15.3k added options. After destination fee and “market adjustment” it ended up totaling $59.7k. Contract showed it at just under $62k after taxes. With all the additional contract fees and gap insurance, total financed was $69k.

I was thinking a 1SS that’s heavily upgraded could be better than a 2SS with minimal upgrades.

I appreciate all the responses here. I’ll post more pics sometime in May once the ground effects kit and spoiler are added.

[Invertalon]

I guess my question would be, with those upgrades, why not just go for a ZL1?

[1supersport]

Originally Posted by Invertalon

I guess my question would be, with those upgrades, why not just go for a ZL1?

From what I could find locally, they were going for $68k minimum. After all the fees, it would probably leave me at $80k and with a hefty finance charge. My car was $56.5k before market adjustment, $59k after, but total financed after all the fees, gap, registration, etc, was $69k. I would of needed to find a used ZL1 and I really wanted to own a new car if I was financing long-term.

[len125]

who cares? you got your dream car.....i have a 2021 2LT camaro financed at 84 months for 6.47 percent apr.....love it enjoy it!

[keep_hope_alive]

My 2023 1SS was $42k with options. APR is 7% but I'll be paying it off early (likely end of this year). No markup from dealer.

Unless every possible option was added, including 1LE, i'm not sure how a 1SS gets to $57k. Did you share options that I missed?