[Ace01]

This is why you never purchase new cars in this day and age. You work the best deal off of MSRP and then negotiate the best money factor for a 36 or 48-month lease. You will always be ahead. I leased a 2013 Volt for 36 months and at the end of the lease the buyout was $25 grand and the car was worth $16 grand. Guess what I just handed in the car at the end of the 36 months and lease company eats the loss, not me.

[CAM-FIFTY]

I just bought mine with the tag sale. I keep all my cars for 10+ years and this one is definitely staying with me for even longer not worried about depreciation at all.

[Lurkertill03/10/2016]

Originally Posted by Giri

Hey Guys,

I got to thinking today and I'm kind of POed about the depreciation on our cars. Sure, cars are not an investment... I didn't buy the car for anything but the fact that it's amazing to drive. That being said it bugs me that you can buy my exact car for $21k now.

I don't want to sell my car but it annoys me.

What's the expected depreciation on the cars? Will it rebound once the 20% off deals stop? What do we expect the value to be at 1 year / 3 years / 6 years (when some of our cars are paid off)

How does this compare to other cars?

Man, where the hell do you live? I'd love to come and grab a $21k Camaro

Here in Canada land where the beavers play ice hockey with a puck made of frozen maple syrup, the base 2016 1LT 2.0T no options prices out at $34k CDN

[Giri]

Well a lease can be tough at times. I've driven 10k miles since may and certainly couldn't do that with a lease.

[SCullen]

Originally Posted by Ace01

This is why you never purchase new cars in this day and age. You work the best deal off of MSRP and then negotiate the best money factor for a 36 or 48-month lease. You will always be ahead. I leased a 2013 Volt for 36 months and at the end of the lease the buyout was $25 grand and the car was worth $16 grand. Guess what I just handed in the car at the end of the 36 months and lease company eats the loss, not me.

If you like the car at the end of the lease, you can make them an offer before it goes to auction.

[Bassment]

Originally Posted by Lurkertill03/10/2016

Man, where the hell do you live? I'd love to come and grab a $21k Camaro

Here in Canada land where the beavers play ice hockey with a puck made of frozen maple syrup, the base 2016 1LT 2.0T no options prices out at $34k CDN

You can't even find that though. All you find are 40k loaded 2LT's and 50k loaded 2ss's.

[Lurkertill03/10/2016]

Originally Posted by Bassment

You can't even find that though. All you find are 40k loaded 2LT's and 50k loaded 2ss's.

Preach brother

I'd love to see the numbers on Canadian sales vs American sales before and after the plant from Oshawa was moved to the U.S.

I feel like the CDN dollar taking a beating caused a pretty noticeable dip in Camaro sales as a whole since nobody here wants to pay the crazy high USD rate for labour and parts put into the vehicle

[16Panther]

I suspect the 20% off sales have been having an impact on perceived resale but not actual. If I'd have bought high I'd be upset but I strive to never do that.

A few things worth knowing.

Not every Camaro is 20% off, just select inventory. If a dealership didn't sell one in October they lost their 20% off incentive for Camaro's in November so the numbers of dealerships with deep discounts is diminishing. Of course, they'll probably start the whole thing up again on '17's at some point.

They pick during the first few days of the month which vehicles get the 20% incentive so try working with a dealership on the car you want during that period.

Mine was 35% off MSRP after additional dealer discounts and that was right where the KBB value of the car would be had it been used. An identical car with standard rebates will still require someone to eat a lot of depreciation.

Dealerships aren't completely on board with the program. They have to guess which vehicles they place the discount on. My local Chevy dealership sold a 20% off Silverado to the son then lost a second sale to the father because he didn't have a 20% tag on the color he wanted. The dealership 10 miles up the road did.

You can shop smart. In July I bought a '16 Spark 1LT with auto for $10995 with the 20% sale. I traded it in for $12500 on my 35% off Camaro last month. Remember, its use it or lose it for dealerships so they'll push the 20% vehicles hard.

You'll never be able to match GM's incentive machine with your used car value. Its the end of the model year and winter is just around the corner. Try to wait until Spring if you're looking to sell.

[CAM-FIFTY]

Originally Posted by 16Panther

Mine was 35% off MSRP after additional dealer discounts

That's a record, no one here reported getting that much off. You sure your math is right?

[16Panther]

Originally Posted by CAM-FIFTY

That's a record, no one here reported getting that much off. You sure your math is right?

Yes, I got an incredible deal. I had a Ford and Chevy dealership competing with each other on Halloween. Ford dropped a $5000 dealer incentive on Mustangs the last week of October (they've since carried it into November). The Ford dealership gave it their best but the Chevy dealer went all in and then some on a much nicer car.

It might be even sweeter if the $700 Costco offer comes through. There was some confusion as to whether it worked with the 20% offer. I'll know soon enough.

[Drew66]

Originally Posted by SCullen

If you like the car at the end of the lease, you can make them an offer before it goes to auction.

If you are going to lease you can't get emotionally attached. There is always another car with your name on it somewhere. It doesn't pay to buy a car at the end of the lease unless you are way over the mileage.

[raptor5244]

Originally Posted by formoutofchaos

How do you think the 1le will hold over three years ? The deprecation makes me want to go back to a C7

It won't hold any better than a regular SS. The target audience for the 1LE is even smaller than the regular SS. A track rat would love to pick up a lightly used 1LE after 2-3 years but most buyers won't even know what then 1LE package even is. Heck most dealers don't even know, they will just think it has cool wheels and wrapped hood.

The Corvettes hold their value a bit better, even in this weak sports car market.

[raptor5244]

Originally Posted by Drew66

If you are going to lease you can't get emotionally attached. There is always another car with your name on it somewhere. It doesn't pay to buy a car at the end of the lease unless you are way over the mileage.

Agreed. If you plan to buy the car then don't lease it. It will cost you more than to finance it from the start.

[c4racer]

Originally Posted by 16Panther

I suspect the 20% off sales have been having an impact on perceived resale but not actual. If I'd have bought high I'd be upset but I strive to never do that.

You'll never be able to match GM's incentive machine with your used car value. Its the end of the model year and winter is just around the corner. Try to wait until Spring if you're looking to sell.

Not applied just to camaros. The BMW vert that I replaced with my SS is proving difficult to sell this time of year. Decided it makes more sense to wait until spring. Don't need the cash right now and only will cost $300 to insure for 6 months. No doubt I'll get more for a vert in march / April. Willing to wait.