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01-28-2016, 06:16 AM
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#1 |
 
Drives: 2018 ZL1 1LE / Nightfall Grey Join Date: Apr 2013
Location: Montana
Posts: 114
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Have our cars dropped in value this bad?
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01-28-2016, 06:27 AM
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#2 |
  
Drives: 2018 ZL1 2015 1SS 1LE Join Date: May 2013
Location: North Eastern Michigan
Posts: 772
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Yes they have dropped in value, there are very few new automobiles that increase in value. Retail on a used 14 1LE is somewhere in the 27-30 range. The starting bid is 15 on this one with a reserve.
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2018 ZL1 2015 1SS 1LE Stock...ish |
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01-28-2016, 07:04 AM
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#3 |
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Drives: 2004 Ford Mustang Cobra Join Date: Aug 2015
Location: Quebec, CA
Posts: 107
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15k lol. Fortunately they haven't dropped that bad. However, when a new model is released the previous gen usually drops. Sometimes they bounce back like the 03 Cobra's did.
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01-28-2016, 07:45 AM
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#4 |
Drives: 2014 Camaro SS/RS 1LE 1967 Camaro Join Date: Oct 2013
Location: Fort Wayne, IN
Posts: 874
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I have a "14" 2SS RS and a month ago checked KBB, Price range for a perfect vehicle with 3000 miles was 30,000 to i believe high 32,000.
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01-28-2016, 07:50 AM
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#5 |
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Resident nomad
Drives: 2014 Summit White 1SS/1LE Join Date: Nov 2015
Location: Gilbert, AZ
Posts: 1,765
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It's an opening bid, certainly not anywhere near where the seller (a dealer at that) is willing to part with the vehicle. For what it's worth, this 1LE has been for sale there for quite a while, and I checked it out on eBay prior to buying mine back in October. Paid $31.5K then.
IMHO, it's a buyer's market for all Camaro's right now, and for most cars of that niche. They are not collector cars, aren't particulary rare (argument could be made that 1LE's are), and aren't very unique. Don't get me wrong, I love mine, can't wait to track it more often, and plan on racking up the miles. It's a fun car to drive, has great performance for the dollar, but it will never retain it's value in the manner many seem to want......
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Sold:
2007 Z06 2002 Viper GTS/ACR 2003 Z06 1965 FFR Cobra 2012 Nissan 370Z ADM LSA Stage II, Roto-Fab CAI, Kooks LTH/HFC's, Phastek CC, ported TB, Mishimoto radiator and oil cooler, BC Racing ER Series CO's, JPSS 32mm Black Magic rear bar, JPSS front inserts, R1 Concepts Premier slotted rotors/Goodrich SS lines, Schroth ASM harness, MGW flatstick, Brey-Krause HB, Tuned by NicD, at Cordes Performance Racing. |
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01-28-2016, 08:46 AM
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#6 |
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American Gold Whisperer
Drives: 2014 White 1LE 2SS/RS/NPP/Rec/Nav Join Date: May 2014
Location: Northern Utah
Posts: 838
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Reserve not met.
Bet reserve gets release at 30k+.
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01-28-2016, 08:58 AM
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#7 |
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Drives: 2015 Camaro SS 1LE, 2001 Camaro SS Join Date: Jun 2015
Location: Miami
Posts: 836
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Dealers were selling the last of the '15s as low as $35k in some places for 2SS models. People see that and it hurts private party sale value... On top of the fact that a used car will lose value no matter what. Private party sale value ranges anywhere from 25-35k depending on options and mileage and just finding the right buyer who will pay what it's worth.
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2017 GMC Canyon All Terrain- daily driver/dirt bike hauler
2015 Camaro SS 1LE- sold 2001 Camaro SS SOM M6- sold 1999 Firebird Formula A4- sold |
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01-28-2016, 08:24 PM
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#8 |
Drives: 2014 Camaro Red Hot 1LE NPP Recaro Join Date: Jun 2014
Location: Indiana
Posts: 639
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I have an excel file update twice each month to watch the market. For a 14 1LE recaro 1SS December 2015 was the lowest at $30k , It came up 700 dollars beginning of year and just today is up to $31,400. I have a feeling that dealers are starting to see the benefit of a 1LE package. I have a friend who is a buyer for CarMax and he said 6 months ago he was picking up 1LE for bottom dollar prices just like a normal SS. But he said lately they been selling higher at auction and more competition.
I think if C&D or Road and Track would do a head to head '15 1LE vs '16 SS it would show that the '15 is still an awesome buy. You can see it in the g force ratings. I think if the 6th gen 1LE comes out and its is a Model like ZL1. It will make our cars even more valuable. It takes educating the public and then industry people see the less then 3000 produced a year from '13 to '15 people will be hunting for them. |
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01-28-2016, 10:09 PM
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#9 |
       
Drives: ‘13 1LE Join Date: Jul 2013
Location: Earth
Posts: 3,904
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...also keep in mind, the world economy is somewhat hanging from a thin thread, basically on life support, USA government debt is at science fiction levels, lol, private debt is super high in ours, and the barrel of crude is hitting rock bottom due to economic wars...
Yes boys and girls, this will keep prices of cars low, most likely interest rates at historic lows, and yes, the price of a used car, low!  The irony is, even more will soon rush out and buy more, what an irony. Keeping my '13 1LE, couldn't care less if its value drops to $3 bucks tomorrow. |
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01-28-2016, 11:34 PM
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#10 | |
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Institutionally Insane
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Quote:
A little off the beaten topic path...but.. Rates went up at the beginning of the year...Feds. All credit cards got hit first with auto and mortgages soon to follow. I would check your statements... I have 3 Amex cards all at 9.9% 2 Citibank Visa's (12.9%), Chase Sapphire, Chase Diamond Preferred (12.24%) 5 Visa cards (13.99%). APR went up anywhere from 1 to 4% per card. My Macys, Lowes, Home Depot, Sears, Nordstroms, BP, Best Buy card interest rates went up 4 to 10%. My BP was at 14.99% on December statement and went up to 24.99% in January Home mortgage rates increased roughly .5 to 1.40% New auto rates increased anywhere from .50 to 2.5% All with 819 to 834 FICO scores.
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It's got a cop motor, a 440 cubic inch plant, it's got cop tires, cop suspension, cop shocks. It's a model made before catalytic converters so it'll run good on regular gas. What do you say, is it the new Bluesmobile or what?
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01-29-2016, 12:20 AM
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#11 | |
Drives: Never just fly under the radar Join Date: Jul 2015
Location: Kansas
Posts: 1,531
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Quote:
 It was the first hike in several years with more predicted to come very shortly.
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1-8-4-3-6-5-7-2
Old Skool |
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01-29-2016, 12:34 AM
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#12 |
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American Gold Whisperer
Drives: 2014 White 1LE 2SS/RS/NPP/Rec/Nav Join Date: May 2014
Location: Northern Utah
Posts: 838
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I dont think the average 1le buyer is put off by a 1 percent or so increase in interest.
The 1le is still an enigma to the average camaro buyer. They still dont understand the concept at all.
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01-29-2016, 06:54 AM
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#13 | |
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Geoff
Drives: 2020 ZL1 Green Join Date: May 2013
Location: Houston
Posts: 1,720
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Quote:
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01-29-2016, 12:18 PM
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#14 | |
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Drives: ‘13 1LE Join Date: Jul 2013
Location: Earth
Posts: 3,904
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Quote:
I'm renegotiating my Mortgage next few weeks, 2 points lower! . Mortgage rates dropped, prime rate is purported to drop later on (again), and if oil continues to show no gain, like I said before. Touch base with me in one year regarding my "statements", because everything is intertwined. I was talking future tense for you guys, I should have been more clear. Not Off Topic at all, it will affect 1LE used prices The irony is, hopefully my "statements" are wrong. I truly hope I am... |
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