[SD1]

Originally Posted by JamesNoBrakes

No, it's a higher-level tune all-around.

I think that suspension alone is a pretty huge part if not THE part, I mean think if you wanted to add that to a car, I could see that package costing 5k for the struts alone, maybe more??? If the wing is real CF, thats $$$ and actually has real function, as do the splitter and dive planes. Its a pretty bad ass car.

[bomariam1]

Originally Posted by lawdogg149

I went to trade my new ZL1 1LE car in and got several $53,000 to $55,000 offers. I then listed it on auto trader with no bites at $65,000. Man I hope these cars don't continue to sink in pricing or all us early buyers are screwed. The car is amazing and fast. But with my new ZR1 coming it has to go to get more room in the barn.

Anyone else have the same experience?

If u want to feel good, just think of the resale value of Italian supercars.

[mlee]

Originally Posted by bomariam1

If u want to feel good, just think of the resale value of Italian supercars.

No kidding there. My salesman showed me some figures of cars they took on trade. It was amazing how little those cars got. Made me want to start looking for a used one.

[JB'sZL1]

Originally Posted by BlaqWhole

I'm not sure I see the reasoning in this. These cars do not have to be pushed to their limit nor do they require extreme driving skills to be enjoyed. You don't ever have to push it anywhere near it's limit to feel the cornering abilities of it. You don't have to go WOT out of a corner to enjoy the power and acceleration of it. You could drive both cars in a parking lot and tell the ZL1 has way more power.

I'm simply playing devil's advocate. You have to read the previous posts to understand the context.

[hashtag]

Originally Posted by lawdogg149

I went to trade my new ZL1 1LE car in and got several $53,000 to $55,000 offers. I then listed it on auto trader with no bites at $65,000. Man I hope these cars don't continue to sink in pricing or all us early buyers are screwed. The car is amazing and fast. But with my new ZR1 coming it has to go to get more room in the barn.

Anyone else have the same experience?

OCT 2017 I traded in my 2018 ZL1 1LE “1100” Miles. Trade-in was $63K and the car sold a few days later for $71K. That is crazy that trade-in is in the 55K range. Have you tried CarMax?

[detltu]

In my opinion the only cars that can hold value are those that have limited production. As long as you can go to 10 dealerships and buy the car new with discounts, there is no reason to buy a used one without a significant discount.

Why spend 60-65K on a well kept used Camaro that you don't know how the owner used it, when you can go to the dealership and get a new one for 68-70K and get better financing. There is just no good reason to buy the used one unless there is a 10-15K discount. To me that was the biggest mistake of the Z28. If they had limited production to 602 per year they would have produced almost the same number, but people would have a completely different opinion of them. Same thing for the ZL1 1LE.

Tell people you are only going to make 500 per year and all of a sudden people will be clamoring for them as not only great performance/ track cars, but potential collectors items as well.

I think we(the enthusiast community) are usually a little to quick to poop on the collector/ speculators because they drive prices up, but I think they serve a valuable purpose.

[Can'tHave2MuchHP]

Originally Posted by detltu

I think we(the enthusiast community) are usually a little to quick to poop on the collector/ speculators because they drive prices up, but I think they serve a valuable purpose.

I agree here. I'm kind of one of those collector guys I guess, most of my cars rarely see over 2000 miles in my ownership, I keep them mint and stock, etc. and when I first got around on forums and started talking about what I do with cars I usually get hammered pretty quick and have even been told "Why buy the car if you're not going to drive it? You should give it to someone who should." Well my car will be one of the few hundred that are mint, low mileage and keep the market a few grand higher than it would for yours.

[TRZ06]

Originally Posted by detltu

In my opinion the only cars that can hold value are those that have limited production. As long as you can go to 10 dealerships and buy the car new with discounts, there is no reason to buy a used one without a significant discount.

Why spend 60-65K on a well kept used Camaro that you don't know how the owner used it, when you can go to the dealership and get a new one for 68-70K and get better financing. There is just no good reason to buy the used one unless there is a 10-15K discount. To me that was the biggest mistake of the Z28. If they had limited production to 602 per year they would have produced almost the same number, but people would have a completely different opinion of them. Same thing for the ZL1 1LE.

Tell people you are only going to make 500 per year and all of a sudden people will be clamoring for them as not only great performance/ track cars, but potential collectors items as well.

I think we(the enthusiast community) are usually a little to quick to poop on the collector/ speculators because they drive prices up, but I think they serve a valuable purpose.

Low volume production isn't in GM's business model. That is more a luxury brand's forte, or in the case of Ford a supercar.

The Corvette Z06's, ZR1s, and Camaro Zl1's of the world have the numbers and performance to take on just about anything, but do not have the prestige, level of quality of materials, and low volume to warrant high resale values.

GM is one of the worst at this. They price these types of cars at a certain MSRP, and after the hype is over, there're are $10K discounts on them, so more people can obtain them to make their margins.

They suck in the suckers or thoses who have huge amounts of money to over pay for them, then lower the cost after the hype to mass sale.

It's great for those who can wait for a bit and buy at a discount.

[motorhead]

Originally Posted by detltu

In my opinion the only cars that can hold value are those that have limited production. As long as you can go to 10 dealerships and buy the car new with discounts, there is no reason to buy a used one without a significant discount.

Why spend 60-65K on a well kept used Camaro that you don't know how the owner used it, when you can go to the dealership and get a new one for 68-70K and get better financing. There is just no good reason to buy the used one unless there is a 10-15K discount. To me that was the biggest mistake of the Z28. If they had limited production to 602 per year they would have produced almost the same number, but people would have a completely different opinion of them. Same thing for the ZL1 1LE.

Tell people you are only going to make 500 per year and all of a sudden people will be clamoring for them as not only great performance/ track cars, but potential collectors items as well.

I think we(the enthusiast community) are usually a little to quick to poop on the collector/ speculators because they drive prices up, but I think they serve a valuable purpose.

I agree and have stated above that im not beyond buying new if the money makes sense. What happens is when you get in that second year with no real changes made to the current year and they offer incentives too. That often drives the price of the two year old low mile car down too thus ending up with a better deal. Also, i collect old cars. These new ones to me are just toys that come and go. Im old enough that hanging on to any of them isnt going to yeld much benefit. I can have more fun driving them. My daughter hasnt been excited enough about any of them to hang on to any of them for her. She likes the old ones better too.

[crossroaddemons]

Originally Posted by motorhead

Depreciation always matters no matter how long you keep a car. Seems that most people fail to understand that. If you paid for the depreciation by purchasing new untitled car and I didnt by buying the same car one to two years older for less ,mainly do to depreciation, I then paided less for the same product. Time doesnt erase the fact that you paid more.

I owned the car the moment it became available. That comes at a price. I didn’t wait to see if I could save money to own a 50th Anniversary Krypton ZL1. They made them for 2 months. I could care less about depreciation because the car will never be sold. I didn’t lose anything.

[Fast Dalmation]

Life unfortunately is unpredictable and does not play in this sandbox. I learned many years ago that the world we live in is harsh and unfair where rules or intellect matter.

If you live long enough, you will unfortunately witness tragedy and events that make you question what you hold dear and close to your heart.

Having said that, everyone will cherish what they find IS important and fulfilling for them no matter the outcome.

Time is something none of us can control or plan for as humans. It can end for some of us immediately and for others last decades.

So I ask, who really cares if the ZLE 1LE resale values sunk?

[waterman]

Originally Posted by Fast Dalmation

Life unfortunately is unpredictable and does not play in this sandbox. I learned many years ago that the world we live in is harsh and unfair where rules or intellect matter.

If you live long enough, you will unfortunately witness tragedy and events that make you question what you hold dear and close to your heart.

Having said that, everyone will cherish what they find IS important and fulfilling for them no matter the outcome.

Time is something none of us can control or plan for as humans. It can end for some of us immediately and for others last decades.

So I ask, who really cares if the ZLE 1LE resale values sunk?

Wonderfully and eloquently stated. Thank you.

Precisely the feelings and logic that inevitably led me to the choice of purchasing this car at this stage of my life.

Well... that and what this car is capable of.

[hashtag]

I may be responsible for the drop as I was the first to trade-in a ZL1 1LE. Sorry boys

[motorhead]

Originally Posted by crossroaddemons

I owned the car the moment it became available. That comes at a price. I didn’t wait to see if I could save money to own a 50th Anniversary Krypton ZL1. They made them for 2 months. I could care less about depreciation because the car will never be sold. I didn’t lose anything.

Your's is a different situations. I get that. It's a collectible to you, and there is a time frame on getting one. However, you dont really know what your financial gains or losses are with the car yet. Ive lost on collectible cars and gained. Good luck. As long as the joy it brings out weighs the financial cost then its worth it I guess.