Thinking about trading in - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

SIM Curly · 12-28-2014, 02:58 AM

Thinking about trading in my 2011 1LT Camaro for a 2011 Camaro 2SS. They both have around the same miles and based on my research and what I owe on my car currently I would have around 12000 down on the SS and the payments would be around $140 cheaper if I financed it for the same amount of time as I did my 1LT. What I would do is keep paying the same payment that I am currently on the SS and pay it off around the same time I would be paying off the 1LT if not sooner. What do you think? I think that its a decent idea and in the long run the SS will be worth more then my 1LT whenever the time comes that I want another car down the road. The only thing that I would lose is all my mods which is a lot but they're mostly performance parts.

guerrillakilla13 · 12-28-2014, 04:21 AM

You can never go wrong with an LS V8. You'd have my full backing.

Red2014SS · 12-28-2014, 05:11 AM

Sounds like an excellent idea. If you have the stock parts, you can pull the performance stuff and sell it. Then you'll have some cash to mod your new v8.

NYCamOwner · 12-28-2014, 07:03 AM

Quote:

Originally Posted by SIM Curly

Thinking about trading in my 2011 1LT Camaro for a 2011 Camaro 2SS. They both have around the same miles and based on my research and what I owe on my car currently I would have around 12000 down on the SS and the payments would be around $140 cheaper if I financed it for the same amount of time as I did my 1LT. What I would do is keep paying the same payment that I am currently on the SS and pay it off around the same time I would be paying off the 1LT if not sooner. What do you think? I think that its a decent idea and in the long run the SS will be worth more then my 1LT whenever the time comes that I want another car down the road. The only thing that I would lose is all my mods which is a lot but they're mostly performance parts.

Are you saying that you would have to put $12k down in addition to your trade in? How much are you going to get for your 1LT in comparison to what you owe on it?

PalmerGA · 12-28-2014, 07:32 AM

It sounds like you will be paying $12k to upgrade to the same car with V8. Same payments. Same duration. 4 year old car. I think you can get a newer SS for that if you shop around.

CamaroJim56 · 12-28-2014, 08:04 AM

Just check closely, used car loans don't usually go for as long as new car loans, and/or the interest rate is frequently higher.

DBHWT · 12-28-2014, 08:10 AM

Shop around for the 20 % discount for end of year

c-57d · 12-28-2014, 09:01 AM

Ok, I'll chime in a bit...
Keep the 1LT. In a few years get a newer SS, maybe a ZL1. Use the 1LT as a DD (daily driver). Or wait to see the 2016's and then decide. Oh yea, start saving now.

my 2¢
-s

Bowtie-Bri · 12-28-2014, 09:09 AM

If it's the color and options you want, go for it!

It would be nice if you could transfer some of the mods to the SS from your car that would be compatible so you don't have to buy them all over again.

This would offset some of your cost in the mod department. Either way, I'm sure you'll be happy with an SS. Good luck in your decision!

kevinw · 12-28-2014, 09:13 AM

i dont understand the logic here really. trading for same car basically but a different engine. seems silly. yeah, i know the difference between a v6 and v8, but to me, if a person is going to make a move, why not a newer car with features, etc like Mylink, and warranty, etc. like one post said above, keep the 1 LT, wait for the 16s at this point and see if yiou like. if you dont, go for a 15 SS then.

SCREAMING EAGLE · 12-28-2014, 11:02 AM

You dont have to get everything you want ,but make sure you want everything you get.

No matter how you look at this it is not going to make sense financially. Try to limit the financial hit. Sell your present car privately. If not paying cash,seek financing from a Credit union. One presently with very good rate is the Pentagon F.C.U. In spite what you may hear,anyone can join for a small fee regardless of whether you are military or not. Just read the eligibility requirements on how to join on their website.

Shop private owners for the new vehicle but dont overrlook dealers. Private owners are often emotionally attached to their cars. Just review auto trader and you will see that. Most private owners want a fortune for ZL1 CARS AND MANY DEALERS ARE 3-5K lower tha private owners and now of course you have the 20% deal to consider. Good luck. Keep in mind that buying this car as with most is a looser. Just try to limit the damage.

SIM Curly · 12-28-2014, 07:00 PM

Quote:

Originally Posted by Comrando

That depends on how many miles you have. If not many it could be good.

$12,000 is the list price difference between a 1LT and a 2SS in 2011. You should be looking for ~8K.

34k miles

Evergreen6 · 12-28-2014, 08:09 PM

Quote:

Originally Posted by PalmerGA

It sounds like you will be paying $12k to upgrade to the same car with V8. Same payments. Same duration. 4 year old car. I think you can get a newer SS for that if you shop around.

This. Owing money on a car that's already 3-4 years old and has 34k miles. I wouldn't do it.

Q'smuscle · 12-28-2014, 08:48 PM

Quote:

Originally Posted by kevinw

i dont understand the logic here really. trading for same car basically but a different engine. seems silly. yeah, i know the difference between a v6 and v8, but to me, if a person is going to make a move, why not a newer car with features, etc like Mylink, and warranty, etc. like one post said above, keep the 1 LT, wait for the 16s at this point and see if yiou like. if you dont, go for a 15 SS then.

I traded my 13 BRM 1LT/RS with only 3k miles in a year and a half for my SS! Specifically wanted a 11 2SS/RS and I don't like the refresh taillights nor the front! The 2011 is the only year that had the retro Speedo numbers and HUD together! When I was looking in Decemberof 2012 I couldn'tfind a 11 2SS/RS And I didn't like the mylink in my 13! I made the dealer put a CD player in because I didn't want the car! Hahaha...

Quote:

Originally Posted by PalmerGA

It sounds like you will be paying $12k to upgrade to the same car with V8. Same payments. Same duration. 4 year old car. I think you can get a newer SS for that if you shop around.

Two different looking cars though!

Quote:

Originally Posted by Evergreen6

This. Owing money on a car that's already 3-4 years old and has 34k miles. I wouldn't do it.

lol... I did it with more mileage ! Why not? Because these cars are built solid and if you want certain things than you might have to get a older one!

12-28-2014, 02:58 AM	#1
SIM Curly Drives: Silver 1LT 2011 camaro Join Date: Jul 2011 Location: Decatur, Alabama and Troy, Alabama Posts: 1,846	Thinking about trading in Thinking about trading in my 2011 1LT Camaro for a 2011 Camaro 2SS. They both have around the same miles and based on my research and what I owe on my car currently I would have around 12000 down on the SS and the payments would be around $140 cheaper if I financed it for the same amount of time as I did my 1LT. What I would do is keep paying the same payment that I am currently on the SS and pay it off around the same time I would be paying off the 1LT if not sooner. What do you think? I think that its a decent idea and in the long run the SS will be worth more then my 1LT whenever the time comes that I want another car down the road. The only thing that I would lose is all my mods which is a lot but they're mostly performance parts. __________________

12-28-2014, 05:11 AM	#3
Red2014SS Drives: 2014 2SS/RS Camaro Join Date: Dec 2014 Location: Kentucky Posts: 2,421	Sounds like an excellent idea. If you have the stock parts, you can pull the performance stuff and sell it. Then you'll have some cash to mod your new v8. __________________ 2014 2SS/RS, L99, SW LTH w/HF Cats, GMPP Ex. Z/28 CAI, FR41s in PVD Black Chrome, Recaros, Pfadt Sway 377hp, 383tq 12.739@110.44 MPH

12-28-2014, 07:32 AM	#5
PalmerGA Drives: 2013 SIM 1SS/RS L99 Join Date: May 2012 Location: Southwest GA Posts: 8,755 View My Garage	It sounds like you will be paying $12k to upgrade to the same car with V8. Same payments. Same duration. 4 year old car. I think you can get a newer SS for that if you shop around. __________________ 2013 1SS/RS Coupe L99, Stainless Power Works LT Headers, SCT X4 Custom Tune from RDP, CAI Inc. Air Intake w/ Apex Scoop, VMAX CNC Ported Throttle Body, Solo Axle-Back Exhaust w/ J-pipes, Apex Catch Can, Husky Splash Guards, Heritage Grille, 3D Carbon Rear Spoiler, Oracle Chrome Turn Signal Bulbs, GM Reverse Light Trim Billets, Gorilla Black Locking Lugs, Emblem Pros Retro SS Badges/Custom Retro SS Kickplates/Under-hood Bowtie, 35% window Tint, Nitto Motivo Tires (6-8-18)

12-28-2014, 08:04 AM	#6
CamaroJim56 Obsessed Drives: 2016 Hyper Blue 2SS RS Join Date: Jun 2011 Location: Riverview, FL Posts: 2,603	Just check closely, used car loans don't usually go for as long as new car loans, and/or the interest rate is frequently higher. __________________ 2016 Hyper Blue 2SS

12-28-2014, 09:09 AM	#9
Bowtie-Bri Drives: 2013 Camaro 2SS RS Convt. Join Date: Mar 2011 Location: West MI (Home of the Tulips) Posts: 961 View My Garage	If it's the color and options you want, go for it! It would be nice if you could transfer some of the mods to the SS from your car that would be compatible so you don't have to buy them all over again. This would offset some of your cost in the mod department. Either way, I'm sure you'll be happy with an SS. Good luck in your decision! __________________ 2013 Nickey Stage II Camaro SS Convertible #10.Black w/ Red leather interior. No Weeds Elec. Diverters, CNC ported heads, custom grind cam, upgraded fuel injectors, ZL-1 fuel pump, V-Max ported TB, Red Magnuson Super Charger with rear cog drive, upgraded rear axles good for 1400Hp, 3:45 gears, Tremec 6 spd., Pedders adj. coil overs, Phadt ZL-spec swaybars, 800Hp at the crank, 670RWHP, 613ft.lbs. torq. @ 11lbs. boost. SOLD!!!

12-28-2014, 04:21 AM	#2
guerrillakilla13 Drives: 2014 Camaro 2SS RS 1LE Join Date: Jul 2014 Location: Arizona Posts: 711	You can never go wrong with an LS V8. You'd have my full backing.

12-28-2014, 08:10 AM	#7
DBHWT Drives: 2013 SS 1LE Join Date: Nov 2011 Location: Cincinnati / N KY area Posts: 559	Shop around for the 20 % discount for end of year

12-28-2014, 09:01 AM	#8
c-57d Drives: 14 2SS/RS Triple Black Ragtop LS3 Join Date: Mar 2014 Location: California Bay Area 95008 Posts: 305 View My Garage	Ok, I'll chime in a bit... Keep the 1LT. In a few years get a newer SS, maybe a ZL1. Use the 1LT as a DD (daily driver). Or wait to see the 2016's and then decide. Oh yea, start saving now. my 2¢ -s

12-28-2014, 09:13 AM	#10
kevinw Drives: 2013 Black 2 LT vert Join Date: Jul 2013 Location: kansas city Posts: 1,765	i dont understand the logic here really. trading for same car basically but a different engine. seems silly. yeah, i know the difference between a v6 and v8, but to me, if a person is going to make a move, why not a newer car with features, etc like Mylink, and warranty, etc. like one post said above, keep the 1 LT, wait for the 16s at this point and see if yiou like. if you dont, go for a 15 SS then.

12-28-2014, 11:02 AM	#11
SCREAMING EAGLE Drives: 2012 CAMARO 2SS 45TH,L99 Join Date: Oct 2014 Location: ALABAMA Posts: 114	You dont have to get everything you want ,but make sure you want everything you get. No matter how you look at this it is not going to make sense financially. Try to limit the financial hit. Sell your present car privately. If not paying cash,seek financing from a Credit union. One presently with very good rate is the Pentagon F.C.U. In spite what you may hear,anyone can join for a small fee regardless of whether you are military or not. Just read the eligibility requirements on how to join on their website. Shop private owners for the new vehicle but dont overrlook dealers. Private owners are often emotionally attached to their cars. Just review auto trader and you will see that. Most private owners want a fortune for ZL1 CARS AND MANY DEALERS ARE 3-5K lower tha private owners and now of course you have the 20% deal to consider. Good luck. Keep in mind that buying this car as with most is a looser. Just try to limit the damage.