01-17-2018, 08:30 PM
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#86
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Drives: Love the one you're with
Join Date: Sep 2009
Location: Downtown Charlie Brown
Posts: 11,849
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Quote:
Originally Posted by Hot2016Red
My two cents worth on this depreciation topic. First of all, as has been mentioned, buy as low as possible. You be the one who buys the one year old Camaro as if you are buying a stock (buy low sell high theory). I bought a one year old 2016 2SS A8 for $33,500 which had a sticker of $45,000. The car had 1990 miles on it. Depreciated $11,500. I was patient and kept checking on line for the best pricing. I wasn’t in a hurry. Took my time price shopping and I knew what I wanted. So, if it continues to depreciate, I don’t care because it’s a keeper in my mind. It ain’t going anywhere. It stays in my garage. Also, today car sales in general are declining. Pick-up trucks and SUVs are the hot items right now. Check any car one year old and see how much they depreciate. People don’t want them. They wants trucks. Those vehicles are holding their value. That’s the market folks. Simple as that. So your CAR (Camaro) just isn’t in demand. Car sales in 2017 we’re down. Pick-up trucks were up over 10% versus the previous year. So, knowing this, buy smart and don’t think it’s a collectors item after the first few years. It’s not. But to me, a car enthusiast, it’s a damn bargain. Where the heck can you find the kind of value, if you buy smart, for the price of a one year old Gen6 Camaro.
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All good advice. There is large used car dealer around here that has a very good slogan.
"Everyone drives a used car" Oh how true do people find that out that try and get out from under a car that is less than 1 year or two old.
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