Camaro depreciation - Page 3

TRZ06 · 10-21-2018, 01:57 PM

What you need to realize, is that you SHOULD NOT use MSRP as your baseline. Unless you are dumb enough to actually have paid MSRP.

Your true depreciation is based on what you ACTUALLY paid for the car, that is your base line. GM typically discounts their cars by 10% to 15% off MSRP (unless it it a new model and there is hype).

JCunningham · 10-21-2018, 02:24 PM

Quote:

Originally Posted by cbr1100xx

Don’t know what anyone is starting at MSRP as the baseline for depreciation. You shouldn’t be buying any Camaro for less than $5k off MSRP anyway. Anyone who paid close to MSRP bc they had to have it now, you’re going to take a bigger bath. Just keep your car.

you have to start somewhere. MSRP is the easiest place to count it from. it takes into account all options. everyone's purchase price was different so you cant start there. $5k off. thats not going to happen unless the car has been sitting on the lot over a year in the north east. $3k is the norm around here. Not many if any discounts on performance cars here.

Gunkk · 10-21-2018, 03:04 PM

Most cars drop 50% at the three year mark.

cbr1100xx · 10-21-2018, 03:31 PM

Quote:

Originally Posted by JCunningham

you have to start somewhere. MSRP is the easiest place to count it from. it takes into account all options. everyone's purchase price was different so you cant start there. $5k off. thats not going to happen unless the car has been sitting on the lot over a year in the north east. $3k is the norm around here. Not many if any discounts on performance cars here.

You’re kidding right? Majority on this forum got over $5k off new. Many more than that.

TRZ06 · 10-21-2018, 03:43 PM

Quote:

Originally Posted by cbr1100xx

You’re kidding right? Majority on this forum got over $5k off new. Many more than that.

THIS!!!

I got $7K off MSRP my 2SS 1LE, wasn't even hard. Only took about 45 min. of playing 3 dealers against each other.

Mr Carrots · 10-21-2018, 03:49 PM

Sadly I'm not seeing any kind of deals on pre owned ZL1's, even 10k+ 2017's

Most places want close to the new price I negotiated, making them terrible deals

If they were high 40's maybe, but I'd rather pay an extra 2k and get a brand new car configured the way I want it TBH

enzia35 · 10-21-2018, 03:51 PM

Paid invoice on mine and my car is valued at 23k according to KBB/Carvana. I owe 18k on it.

Artos · 10-21-2018, 05:04 PM

Quote:

Originally Posted by Mr Carrots

Sadly I'm not seeing any kind of deals on pre owned ZL1's, even 10k+ 2017's

Most places want close to the new price I negotiated, making them terrible deals

If they were high 40's maybe, but I'd rather pay an extra 2k and get a brand new car configured the way I want it TBH

That is exactly what I did & special ordered...this was when they first launched & was grateful my dealer honored the two GM discounts that were available at the time of arrival. Got $3k off sticker.

Surprised to hear there aren't better deals out there on the used ZL1 by now...what part of TX??

dpevans · 10-21-2018, 05:17 PM

I think you figured it wrong. Dealer trade in is not what you can sell it for. Dealer low balls everything. My 16 RS is worth 20-22k with all the bells and whistles. First year is going to hit about 8k not 18k. But it has been said it's not an investment drive and enjoy. I also notice KBB low balls what you can really get through a private sell.

Chazzz · 10-21-2018, 08:02 PM

Quote:

Originally Posted by Gunkk

Most cars drop 50% at the three year mark.

It seems however that Camaro’s sadly have one of the highest depreciation rates of ALL cars. Dropping approximetely 40% in it's first year.....

Mr Carrots · 10-21-2018, 09:34 PM

Quote:

Originally Posted by Artos

That is exactly what I did & special ordered...this was when they first launched & was grateful my dealer honored the two GM discounts that were available at the time of arrival. Got $3k off sticker.

Surprised to hear there aren't better deals out there on the used ZL1 by now...what part of TX??

Dallas area

I had a 58.5k A10 plus taxes lined up at grapevine couple of months ago but had to postpone, incentives are bad currently so I'm waiting for it to drop to that level again

I see used 2 owners going for more and 1 owner for 60k asking price and wonder who the hell is buying them. The problem with used car markets is the idiots who overpay and ruin it for the rest of us, almost every car I buy new and stack incentives and it works out the same, or cheaper!

I got my wifes 2017 BMW brand new for 20% off which was way less than 3 year CPOs the dealer was selling, and every used car in the area is still selling for more than I paid

I also blame these new carvana/non haggle dealerships for helping screw up the price because people dont like to do a little legwork to get a deal

wildchevy · 10-21-2018, 10:06 PM

Don't feel bad my 18 2SS vert msrp was 55000 paid 45000 and now with 6 months and 7k on it KBB says trade in is 28200,

Dsm2cobra · 10-21-2018, 10:10 PM

I purchased an 03 Cobra in '09 for 30k and sold it this year for 32k. I was all about getting a 6G but the resale absolutely sucks on these cars...what's the deal?

cbr1100xx · 10-21-2018, 11:44 PM

Quote:

Originally Posted by Mr Carrots

Sadly I'm not seeing any kind of deals on pre owned ZL1's, even 10k+ 2017's

Most places want close to the new price I negotiated, making them terrible deals

If they were high 40's maybe, but I'd rather pay an extra 2k and get a brand new car configured the way I want it TBH

I’m seeing same thing here in SoCal. There’s one ‘17 ZL1 M6 2400 mi-$53,xxx. Not CPO. At used high end dealer. But even that deal isn’t spectacular. A10 new have seen for $61k down from $68k. 3hr drive.

10-21-2018, 01:57 PM	#29
TRZ06 Drives: 22' Porsche PDK GT4 Join Date: Mar 2018 Location: Bay Area Posts: 2,027	What you need to realize, is that you SHOULD NOT use MSRP as your baseline. Unless you are dumb enough to actually have paid MSRP. Your true depreciation is based on what you ACTUALLY paid for the car, that is your base line. GM typically discounts their cars by 10% to 15% off MSRP (unless it it a new model and there is hype). __________________ Current: 22' Porsche PDK GT4 (MCS 2-way remote dampers) Previous: 18' NFG 2SS *1LE* (ZL1 1LE solid rear cradle bushings & Corsa Exhaust) 16' F80 M3 (Ohlin R/T Coilovers) 13' Audi TTRS (APR Stage 1, MSS Springs) 09' C6 Z06 08' E90 M3 06' 335i (KW V2 Coilovers) 03' C5 Z06

10-21-2018, 03:04 PM	#31
Gunkk Thank you Al Oppenheiser! Drives: Red Hot A10 ZL1 Convertible Join Date: Jun 2017 Location: Sarasota, FL Posts: 5,172 View My Garage	Most cars drop 50% at the three year mark. Last edited by Gunkk; 10-21-2018 at 06:54 PM. Reason: spelling

10-21-2018, 03:51 PM	#35
enzia35 Drives: '16 Garnet Red 1SS Join Date: Mar 2014 Location: College Station, TX Posts: 3,449	Paid invoice on mine and my car is valued at 23k according to KBB/Carvana. I owe 18k on it. __________________ '16 Camaro 1SS '18 Miata GT Gone: '01 Camaro, '14 Camaro, '90 Miata

10-21-2018, 10:06 PM	#40
wildchevy Drives: 2018 Hyper Blue 2SS convertible Join Date: Aug 2017 Location: S.E.Wisconsin Posts: 182	Don't feel bad my 18 2SS vert msrp was 55000 paid 45000 and now with 6 months and 7k on it KBB says trade in is 28200, __________________ 2018 HBM 2SS CONVERTIBLE A8

10-21-2018, 03:49 PM	#34
Mr Carrots Drives: Bmw for now Join Date: May 2018 Location: Texas Posts: 35	Sadly I'm not seeing any kind of deals on pre owned ZL1's, even 10k+ 2017's Most places want close to the new price I negotiated, making them terrible deals If they were high 40's maybe, but I'd rather pay an extra 2k and get a brand new car configured the way I want it TBH

10-21-2018, 05:17 PM	#37
dpevans Drives: 2024 Riverside Blue 2SS 1LE Join Date: Mar 2016 Location: Fort Wayne, IN Posts: 1,366	I think you figured it wrong. Dealer trade in is not what you can sell it for. Dealer low balls everything. My 16 RS is worth 20-22k with all the bells and whistles. First year is going to hit about 8k not 18k. But it has been said it's not an investment drive and enjoy. I also notice KBB low balls what you can really get through a private sell.

10-21-2018, 10:10 PM	#41
Dsm2cobra Drives: 2018 Tundra 2007 Lincoln Town Car Join Date: Aug 2018 Location: Upstate NY Trump Country Posts: 4	I purchased an 03 Cobra in '09 for 30k and sold it this year for 32k. I was all about getting a 6G but the resale absolutely sucks on these cars...what's the deal?

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