[WhyUMad1LE]

For the most part, buying and selling a new car in 1 year of ownership is not a good financial strategy..

[c4racer]

Originally Posted by WhyUMad1LE

For the most part, buying and selling a new car in 1 year of ownership is not a good financial strategy..

Absolutely not. But it's all about buying them right.
I have sold cars in a year several times for various reasons including a few lease cars. The only car I got hurt on was a bmw M5. Everything else I didn't do that bad. Drove a 2004 Z06 for a year and sold it for $1K less than I paid for it.

But I don't pay sticker for new cars either

[Dustya]

If you are not looking to keep the car always make sure you are buying at the right time. Spend time researching and planning. In April 2016 I purchased my 2lt RS optioned out to 40k retail for 31,800. A pretty unheard of discount at the time. I have put 21k miles on the car and trade in is right around 26 and should hold 24-26k for quite a while.

Past cars I bought 2013 mazdaspeed 3 purchased for 24k traded in for 18,800 3 years later

2010 maxda cx-7 purchased for 18k traded in for 15k 4 years later for my 14' silverado

That silverado is still damn near worth what i paid for it trucks hold value always.

I knew both mazda's would hold value when I purchased them, I knew the camaro would not. Cars will always be a bad investment but you can make the best out of it with smart buying.

[Factorypilot]

Originally Posted by camaro5

Just read this:

The Top 12 Cars to Buy Used, Not New

Rank Model % Price Difference Between New and 1-Year-Old Used $ Price Difference Between New and 1-Year-Old Used
1 FIAT 500L -34.6% -$8,096
2 Lincoln MKS -34.5% -$16,039
3 Volvo S60 -34.4% -$14,204
4 Kia Cadenza -34.3% -$12,940
5 Mercedes C250 -34.3% -$15,247
6 Nissan Maxima -34.0% -$12,469
7 Lincoln MKZ + MKZ Hybrid -33.8% -$14,177
8 Jaguar XF -32.3% -$19,966
9 FIAT 500 -31.9% -$6,099
10 Cadillac CTS -31.8% -$13,351
11 Chrysler 300 -31.7% -$11,525
12 Buick Regal -31.2% -$10,117

The cars that experienced the greatest changes in price tended to be those that are less popular, especially luxury brands.

The presence of six luxury brands on the list is not surprising – luxury models often lose value initially faster than non-luxury cars.

http://blog.iseecars.com/2016/10/04/...-used-not-new/

Wow look at that Lincoln MKS. 16K?!? what a beating!

[LesBaer]

Year 1 and year 2 are the biggest hits for depreciation on any car. After 5 years the car is fully depreciated.

Also, don't use Edmunds to determine your trade in value as it's not always accurate. A car's only worth what someone is willing to pay for it. If the market is flooded with excess supply or there are excessive discounts on unsold new inventory holdovers on dealer lots, that's going to impact demand - and ultimately the value. The best way to figure out what it's worth is what the same car is selling for at dealer auctions.

In my region (the northeast) Galves is probably the most common dealer auction service. It used to be closed to the public but now you can sign up on their site for a few bucks for a day to search their database to see what the last Camaro optioned like yours sold for.

[Capricio]

Originally Posted by Factorypilot

I paid about 43K out the door and I was curious about trade in / resale value, so I looked into what it might sell for (5600 miles). I'm getting anything from *maybe* 30,000 (told that dude to pound sand), to a high quote of 33 (which is high KBB value). Granted these are dealer quotes but sheesh..

Well, using that OTD number, you're including probably about $3500 in sales tax on the front end, and if you traded into a dealer for $30+ you're leaving roughly out $2500 in sales tax you won't pay on the trade in value on your new car. Throwing in that $6k (approximately, depending on your sales tax rate) makes it a bit more palatable.

[guitarman8373]

I never buy a car thinking of it as any sort of investment. I buy what I want, the way I want it. All the while knowing it's going to be worthless at some point. But that's ok because I love it and it's what I want, in every way.

You want a car with great resale or that could even appreciate over time? Then get the 6 figure and up cars that have limited production and limited buyers. For example. The Ford GT (yes the supercar) actually gained value over time from it's original retail price. Of course, limited production and limited market.

The old Gen 5 owners really got hit hard on resale value because I think the only buyers who would be into one at this point would be for the aesthetics and cheap prices, but certainly not the performance. The Gen 6 has trumped the old gen in every way (imo).

And yes, in general, foreign cars just tend to hold their value much better than American.

This of course is just my opinion. But hey, it is a forum after all.

Buy the car YOU want, the way YOU want it, and enjoy the hell out of it. I know I did and I don't regret a single thing. No matter what it may be worth tomorrow or a decade from now.

[camaromatt.s]

Originally Posted by CamaroBody

I anticipate after 5 years to receive at least 30k.

That's a VERY optimistic anticipation.

[SixgenSix]

Originally Posted by guitarman8373

I never buy a car thinking of it as any sort of investment. I buy what I want, the way I want it. All the while knowing it's going to be worthless at some point. But that's ok because I love it and it's what I want, in every way.

You want a car with great resale or that could even appreciate over time? Then get the 6 figure and up cars that have limited production and limited buyers. For example. The Ford GT (yes the supercar) actually gained value over time from it's original retail price. Of course, limited production and limited market.

The old Gen 5 owners really got hit hard on resale value because I think the only buyers who would be into one at this point would be for the aesthetics and cheap prices, but certainly not the performance. The Gen 6 has trumped the old gen in every way (imo).

And yes, in general, foreign cars just tend to hold their value much better than American.

This of course is just my opinion. But hey, it is a forum after all.

Buy the car YOU want, the way YOU want it, and enjoy the hell out of it. I know I did and I don't regret a single thing. No matter what it may be worth tomorrow or a decade from now.

[gdgraph]

You always lose a ton in the first year, when the next year model comes out car manufactures will offer large rebates to get rid of the left over cars in the inventory, when people see how much they can save on a new car it makes used car value drop.

If you bought a new 2016 and keep this car for 3-4 more years you'll see the drop isn't too bad on average per year. When the 7th gen comes out, that will make our cars drop in value yet again.

[thescreensavers]

Originally Posted by gdgraph

You always lose a ton in the first year, when the next year model comes out car manufactures will offer large rebates to get rid of the left over cars in the inventory, when people see how much they can save on a new car it makes used car value drop.

If you bought a new 2016 and keep this car for 3-4 more years you'll see the drop isn't too bad on average per year. When the 7th gen comes out, that will make our cars drop in value yet again.

2015 5th gens depreciated super hard because of the 6th gens haha

[Smashn808]

Originally Posted by guitarman8373

I never buy a car thinking of it as any sort of investment. I buy what I want, the way I want it. All the while knowing it's going to be worthless at some point. But that's ok because I love it and it's what I want, in every way.

You want a car with great resale or that could even appreciate over time? Then get the 6 figure and up cars that have limited production and limited buyers. For example. The Ford GT (yes the supercar) actually gained value over time from it's original retail price. Of course, limited production and limited market.

The old Gen 5 owners really got hit hard on resale value because I think the only buyers who would be into one at this point would be for the aesthetics and cheap prices, but certainly not the performance. The Gen 6 has trumped the old gen in every way (imo).

And yes, in general, foreign cars just tend to hold their value much better than American.

This of course is just my opinion. But hey, it is a forum after all.

Buy the car YOU want, the way YOU want it, and enjoy the hell out of it. I know I did and I don't regret a single thing. No matter what it may be worth tomorrow or a decade from now.

Hell yes!

[COmaro]

Wranglers and pickups are just about the only US vehicles that hold their value.

If you think your Camaro is bad, look at Cadillacs and Lincolns. 50% depreciation in one model year is not unusual.

[cmeJATT]

my subaru WRX held great value ! paid $26k for the car .. after 2 years ( 20k miles ) got $22,300 for trade in ... would have been $23,000 but my rear bumper had a small crack ..

now looking at my Infiniti Q50S... that dropped like no tomorrow.. $50k .. after 6k miles .. trade in was $29,000 ... SMFH .. Good thing was it was a lease and dealer just was able to end the lease .. only had to pay up $700 to end the lease...