Quote:
Originally Posted by Number 3
Yes, but not because they came out with a 1LE.
It depreciated because like so many GM cars and more specifically the Camaro, they offer 20% and more off sticker to move the cars on the lot. THAT is why GM cars aren't holding residual value.
The only hope you had is if you, like the folks on the other thread, are able to report a 20 plus (yes even MORE than TAG pricing according to some) off sticker. That type of pricing automatically devalues your Camaro SS.
My Audi SS that I traded for my SS held value well enough to at least get 100% of my DP back for trade. My SS right now is nowhere near that because primarily because people can go get a brand new one for almost $10k less than I paid and that was with employee pricing.
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Chevy got me on this one because I believed the early press about protecting the value of the new models. Lesson learned... never buy GM until the deals come.
I did wait on my 13 ZL1
Edit: I acted to buy a new SS as soon as I saw it was on par with my ZL1's performance with a better interior. I wasn't looking for a deal as much as wanting to move away from the gen5 before it depreciated further