Homepage Garage Wiki Register Social Groups Calendar Search Today's Posts Mark Forums Read
Go Back   CAMARO6 > CAMARO6.com General Forums > 2016+ Camaro: 6th Gen Camaro general forum

BeckyD @ James Martin Chevy

Post Reply
Thread Tools
Old 04-10-2022, 03:18 PM   #1
ex-boxing champ
Drives: 2016 chevy camaro
Join Date: Dec 2021
Location: Florida
Posts: 30
Is it true that a car loses some value once it hits 100K miles?

Recently a transmission shop owner and then 2 weeks later a car salesman both told me that once a car hits 100K miles then it loses a good amount of resale value. Is there any truth to this or is this a myth? They told me to sell my car before it hits that mark.
ex-boxing champ is offline   Reply With Quote
Old 04-10-2022, 05:57 PM   #2
Account Suspended
Drives: 2022 ZL1 M6/Nissan Leaf
Join Date: May 2016
Location: Dallas
Posts: 1,140
Cars lose value for just about everything. You can have a MY22 and as soon as the MY23 comes out, loss in value. It's mostly shopper perception. My SS Sedan lost a little bit of value when I passed 36K miles even though it happened well after the 3 years. I think 36K miles makes some people think that the warranty is over, so that milestone panics some people.

What you have to ask yourself is are you going to keep it well into the 200K range? Do you want to upgrade? If you want to upgrade, I'd keep the miles low for now as trading a vehicle in under 100K vs one over 100K will make a little difference (won't break the bank, but it could mean a couple of thousand).
TXCSSU is offline   Reply With Quote
Old 04-10-2022, 06:26 PM   #3

LT4Greg's Avatar
Drives: 2017 Camaro ZL1 Coupe
Join Date: May 2016
Location: Georgia
Posts: 5,020
A car or truck loses value as soon as you drive it off the lot and usually equals out the longer you own the vehicle. It’s only worth so much anyway at 100,000 miles or more.
ZL1 Coupe, PDR, Exposed carbon fiber hood insert, My Link with Nav, M6 6 speed and Silver Ice Metallic. Mods done: ceramic window tint, GM Accessories Camaro floor mats and Roto-Fab CAI.

Last edited by LT4Greg; 04-11-2022 at 11:41 AM.
LT4Greg is offline   Reply With Quote
Old 04-11-2022, 06:19 AM   #4
Drives: 2016 1LT 'Vert
Join Date: Feb 2022
Location: SEMI
Posts: 61
Reference your original post:


Don't take their word for it: keep the car beyond 100,000 miles and see if they're right for yourself.
GXP08jrf is offline   Reply With Quote
Old 04-11-2022, 06:49 AM   #5

SSDan's Avatar
Drives: 2016 1SS 6MT NPP
Join Date: Feb 2010
Location: Lake Murray, SC
Posts: 2,088
I have never bought a used car with more than 75 K miles and I don't think I ever will.

To your question: Every mile counts when it comes to resale. As the miles pile on the buyer market shrinks. Is 100K a bigger drop point than some other point? I think so. That number brings to mind a car that is ready to start having the need for expensive repairs whether that is true or not.

However, if the car suits you and you like it and it has been well maintained up to that point then don't worry about resale value. Just keep on driving and smiling. Your high mileage car will always be worth more to you than someone else. You know the car - they do not.
2016 Camaro 1SS Hyper Blue 6MT NPP

2010 Camaro 2SS Cam/Headers/CAI/3.91 gears
476 rwhp/440 rwtq (sold)
SSDan is offline   Reply With Quote
Old 04-11-2022, 07:00 AM   #6
Crushin_LT1's Avatar
Drives: 2021 LT1 6spd
Join Date: Nov 2020
Location: Arlington, VA
Posts: 684
I understand 100k to be more of a stability in price point. The vehicle likely won't get much cheaper. If your car is still running fine, drive the wheels off it, keep up the maintenance - you know the issues your car has, you don't know the issues the next one has.
Current: 2021 LT1 Camaro, 6spd, Crush, Corsa NPP, GMPP CAI, Soler Performance Throttle controller
Previous: 1997 V6 Camaro, 5spd, Black
Crushin_LT1 is offline   Reply With Quote
Old 04-11-2022, 11:20 AM   #7

Drives: LT W/2LT,blue metallic
Join Date: Jul 2016
Location: central florida
Posts: 4,537
this is only the 2nd car ive owned with less than 100,000 miles on it.bought it with 7k on it,now at 75k.as long as youre maintaining it and not doing neutral drops 100,000 is just a number.change your trans fluid and filter,check or replace your serpentine belt and flush brake system and antifreeze every 5 years.keep it clean and waxed...you should be good to go.
redcoats1976 is offline   Reply With Quote
Old 04-11-2022, 11:41 AM   #8

Drives: 2017 2SS, 50th pkg, M6, MRC, NPP
Join Date: Jan 2016
Location: Ocean City, NJ
Posts: 2,255
I think the only time there is such a "magic number" for a car is when that number is linked to a major maintenance milestone. And not sure how much this applies to a niche vehicle like the camaro.
My example: years ago Honda recommended timing belt change at 90,000 miles. Anytime you traded an Accord or Civic with more than 90k miles they asked if you had that work done. I had a few of these cars, and always lied when I traded them.
ctrlz is offline   Reply With Quote
Old 04-11-2022, 04:05 PM   #9
Daily1LE's Avatar
Drives: 2018 Camaro 1SS 1LE
Join Date: Sep 2019
Location: IL
Posts: 71
If you ever plan to sell your car, then of course less miles is better than more miles. It's not like something instantly blows up on the car when you hit 100,000 miles. It is more so that the general public think's of cars as high mileage once that 6th digit appears. You will certainly be able to sell a 75k mile Camaro for more than say a 100k one, even though they might be in identical condition. However the difference won't be that much, so I wouldn't stress too much keeping the mileage under 100k. You have to keep the miles extremely low if you actually want mileage to make a big difference in the sale price later. And I am talking like sub 25k miles or something before it really adds significant value.
2018 1SS 1LE - DSX E85 Kit | Full ARH Exhaust | RotoFab CAI | Tuned - 462HP/469TQ
Daily1LE is offline   Reply With Quote
Old 04-11-2022, 05:22 PM   #10
Iron fist, lead foot
crysalis_01's Avatar
Drives: 2003 Mustang Cobra
Join Date: Jul 2013
Location: Wyoming
Posts: 1,093
Yeah, but if you can hit 1,000,000 miles, I think it gets some of that value back ��.
'03 SVT Cobra-SC4.6L V8 || modded with mods'n'stuff
crysalis_01 is offline   Reply With Quote
Old 04-11-2022, 05:39 PM   #11
LT1gen6's Avatar
Drives: '22 LT1 Coupe
Join Date: Nov 2021
Location: Motor City Metro
Posts: 82
400,000 times down the 1/4 mile dragstrip = 100,000 miles. Play your cards right and make a bunch of money. .
LT1gen6 is offline   Reply With Quote
Old 04-11-2022, 08:45 PM   #12
Drives: 2022 1SS Team Joe and Becky
Join Date: Apr 2021
Location: Georgia
Posts: 161
I think it depends on the make and platform type. My last daily driver 5.3 liter Tahoe, I bought at 116k and sold last week at 267k. Daily driving a 2022 1SS now. I am not expecting the same out of it, as I don't think they are designed for that sort of lifespan. Sure is more fun though. Got 140k miles out of a 4th gen Z28 without too much drama, so I have good hopes.

I think in warranty and out of warranty would be the biggest price modifiers. From my time working in shops many years ago, I did learn that a bad owner can hurt a car a lot more in 25k miles than a good owner usually does in 100k, though.
cthulhucaller is offline   Reply With Quote
Old 04-27-2022, 02:33 PM   #13
Drives: 2017 Camaro ZL1
Join Date: Nov 2014
Location: United States
Posts: 12
Totalled my 2016 2ss a couple months ago. Insurance valued me at 28k.. I had 130,000 miles on it.
130,000 smiles ��
mattstone is offline   Reply With Quote
Old 04-27-2022, 02:50 PM   #14
Account Suspended
Drives: 2022 ZL1 M6/Nissan Leaf
Join Date: May 2016
Location: Dallas
Posts: 1,140
The simple way to look at it is you have 2 identical Camaros, one has 80K miles, another has 120k miles. Which one is the more attractive buy if they're both the same price?
TXCSSU is offline   Reply With Quote
Post Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -5. The time now is 01:47 AM.

Powered by vBulletin® Version 3.8.9 Beta 4
Copyright ©2000 - 2022, vBulletin Solutions, Inc.