Anyone worried about the value drop? - Page 3 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

v6sonoma · 08-14-2013, 12:08 PM

If it helps the 5th gen Camaro has typically held its value quite well. Low mileage, well kept 2010's still command decent prices. So I doubt it will make much more of a difference then the changes between the other years.

motorhead · 08-14-2013, 12:12 PM

Not to knock the OP's car, but just the fact that it's an LS won't help with resale value. The 2014 won't have any influence on the future cost of your car. It will drop quite nicely on it's own.

FenwickHockey65 · 08-14-2013, 12:18 PM

Quote:

Originally Posted by RonnieG

No worries here. I plan on keeping her forever.

I'll be Clint and she will be the Gran Torino.

Are you going to give it to a young Hmong boy you mentor?

JR 1 · 08-14-2013, 12:22 PM

I agree it kind of sucks to see a new version of the car you just bought on the street, but I could care less about resale value because I have no intention of getting rid of mine any time soon. Even if I was worried I don't see the "new" '14s affecting the value of older models any more than if it was unchanged from 13. As much as some here like to carry on about the changes, it was just a very mild mid cycle enhancement. There are no powertrain changes, basically no interior changes, and the sheetmetal is the same except for the hood and trunk.

Gen 6 will be a whole different animal. New powertrains, new totally unrelated architecture, smaller size, whole new interior. As much as some people here carry on about minor grille and fascia changes, I can't imagine how much they will even handle the gen 6. We may need to pass out some Xanax.

v6sonoma · 08-14-2013, 12:22 PM

Quote:

Originally Posted by motorhead

Not to knock the OP's car, but just the fact that it's an LS won't help with resale value. The 2014 won't have any influence on the future cost of your car. It will drop quite nicely on it's own.

I would disagree. Just because it's not a top of the line model doesn't mean there isn't demand for it. For the same reasons someone would buy a new LS they would also buy a nice used one. The differences between an LS and LT are few ( granted there are bigger differences with later model LS's ) and with the aftermarket there's little that can't be added ( like so many have already done ) .

sanjosebmx · 08-14-2013, 12:24 PM

I worry about it every time I stomp on the gas..and when I'm washing / waxing it.. and when I look at it I just think...

WHY WHY are you dropping in value????

lol

SuperSport2011 · 08-14-2013, 12:29 PM

I bought my camaro cus I just love the car and plan on keeping it forever. the 5th gen has only been around for a few years but you can already tell it's gonna be a classic. GM did an amazing job designing it. Seeing as how I'm keeping it for a long time I don't care if it turns out to be 100,000 or 5 dollars in 20-30 years it's always gonna be treasured cus it means a lot to me.

Gigachip · 08-14-2013, 12:41 PM

not worried one bit. If I was I wouldn't have done the mods I did to my car.

RonnieG · 08-14-2013, 01:05 PM

Quote:

Originally Posted by FenwickHockey65

Are you going to give it to a young Hmong boy you mentor?

heh.. if I was nearing my time, and my offspring were undeserving... i'd probably interpret a hmong boy needing mentorship to be a sign that he was destined to own my Camaro.

I'd think by that time, value dropping wouldn't be an issue...

i'd also think by then it's damn near mandatory to wave

don't focus on the near future, the distant future looks very promising!

nfl46 · 08-14-2013, 01:50 PM

I am planning to keep my car until its paid off...I wasn't worried about the value dropping...its parked now, and dropping by the second.

upflying · 08-14-2013, 02:38 PM

So this means cheapskates, skinflints and thrifty people will be able to buy a 10 year old 2010 Camaro for next to nothing?

myold88 · 08-14-2013, 03:15 PM

Quote:

Originally Posted by v6sonoma

If it helps the 5th gen Camaro has typically held its value quite well. Low mileage, well kept 2010's still command decent prices. So I doubt it will make much more of a difference then the changes between the other years.

My fully loaded '10 SS cost me MSRP ($38,500.00) exactly 4 years and 29,000 miles ago.
Today, even in it's near perfect condition, if I were to trade it in, I might get $20-22,000 for it.
Poor codition or modded out, even less.
Drive and enjoy... Depreciation, just a fact of life in the auto world.

08-14-2013, 12:08 PM	#29
v6sonoma Drives: 2010 SS RS Join Date: Jun 2009 Location: Providence, RI Posts: 8,108 View My Garage	If it helps the 5th gen Camaro has typically held its value quite well. Low mileage, well kept 2010's still command decent prices. So I doubt it will make much more of a difference then the changes between the other years. __________________ Mods: BBK Intake, BBK LT's and High Flow Cats, Corsa Cat-back exhaust, Hurst short throw shifter, SLP skip-shift eliminator. 7/1/09 Placed order for IOM/IO int/ SS/RS 6M 9/26/09 Took delivery!

08-14-2013, 12:24 PM	#34
sanjosebmx Drives: 2011 2SS Synergy Green Join Date: Feb 2013 Location: Ripon, CA Posts: 383	I worry about it every time I stomp on the gas..and when I'm washing / waxing it.. and when I look at it I just think... WHY WHY are you dropping in value???? lol __________________

08-14-2013, 12:29 PM	#35
SuperSport2011 Drives: 2011 camaro 2ss/rs rally yellow L99 Join Date: Nov 2011 Location: Toronto Posts: 956 View My Garage	I bought my camaro cus I just love the car and plan on keeping it forever. the 5th gen has only been around for a few years but you can already tell it's gonna be a classic. GM did an amazing job designing it. Seeing as how I'm keeping it for a long time I don't care if it turns out to be 100,000 or 5 dollars in 20-30 years it's always gonna be treasured cus it means a lot to me. __________________ - Airaid cold air intake - Kooks 1 7/8 long tube headers - Kooks high flow cats - Borla atak 2.5" cat back exhaust - Dyno tune - AFM delete - 94 octane tune - Vitesse paddle shifters - Blacked out rims - Costum painted engine cover - T3 stripes - GM locking gas cap

08-14-2013, 12:41 PM	#36
Gigachip Runs on Starbucks Drives: 2012 SVT Raptor Join Date: May 2010 Location: New Mexico Posts: 10,343 View My Garage	not worried one bit. If I was I wouldn't have done the mods I did to my car. __________________

08-14-2013, 12:12 PM	#30
motorhead Drives: Love the one you're with Join Date: Sep 2009 Location: Downtown Charlie Brown Posts: 11,850	Not to knock the OP's car, but just the fact that it's an LS won't help with resale value. The 2014 won't have any influence on the future cost of your car. It will drop quite nicely on it's own.

08-14-2013, 12:22 PM	#32
JR 1 Drives: 2014 2SS/RS Convertible Join Date: Jun 2013 Location: Lake Orion, MI Posts: 1,247	I agree it kind of sucks to see a new version of the car you just bought on the street, but I could care less about resale value because I have no intention of getting rid of mine any time soon. Even if I was worried I don't see the "new" '14s affecting the value of older models any more than if it was unchanged from 13. As much as some here like to carry on about the changes, it was just a very mild mid cycle enhancement. There are no powertrain changes, basically no interior changes, and the sheetmetal is the same except for the hood and trunk. Gen 6 will be a whole different animal. New powertrains, new totally unrelated architecture, smaller size, whole new interior. As much as some people here carry on about minor grille and fascia changes, I can't imagine how much they will even handle the gen 6. We may need to pass out some Xanax.

08-14-2013, 01:50 PM	#38
nfl46 Drives: 2013 Camaro 2LS Join Date: Jul 2013 Location: Florida Posts: 185	I am planning to keep my car until its paid off...I wasn't worried about the value dropping...its parked now, and dropping by the second.

08-14-2013, 02:38 PM	#39
upflying Drives: '86 Monte Carlo SS Join Date: Nov 2010 Location: Reno, NV Posts: 3,119	So this means cheapskates, skinflints and thrifty people will be able to buy a 10 year old 2010 Camaro for next to nothing?