08-17-2015, 06:48 PM | #1 |
Drives: 2017 Camaro 1LT/RS (V6) Join Date: Dec 2008
Location: Long Island, NY
Posts: 911
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Is this a good deal on a 2010 2LT ABM?
I had to trade in my ABM back in 2009 due to financial issues as I was only 19 at the time.
I've been dying to get it back ever since. However, I'm currently stuck in a lease with a 2014 Mazda3. I found a 2010 2LT ABM automatic (no RS package though :-/) that is about $25K with 22,000+ miles on it. The dealer said they're having a special and I can get it for $20K. They will take my lease from me (it would cost me $4100 to get out of it on my own) and let me finance the car for $399 a month for 72 months with no money down after taxes and fees. My car payments now are only $248 a month, but I've already gone over my miles on my lease so I'm afraid I'll get screwed at the end. The Camaro payments would be more per month, but at least I'd own the car. |
08-17-2015, 07:39 PM | #3 |
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Disagree... you'll be paying $28,728 for an (almost) six year old car, over the life of the loan. By the time you pay it off in 5 years, it will be worth practically nothing and should you decide to trade it in before then you will owe much more than it's worth. I suppose it may be worth $20K now (maybe), but you will be financing $8,728 more than that and still be driving a 5-6 year old car. I think you can get a 2015 LS for about $20K.
DON'T DO IT! Sounds like you already made a bad deal on your lease car... don't make another one on top of it.
__________________
2013 1SS/RS Coupe L99, Stainless Power Works LT Headers, SCT X4 Custom Tune from RDP, CAI Inc. Air Intake w/ Apex Scoop, VMAX CNC Ported Throttle Body, Solo Axle-Back Exhaust w/ J-pipes, Apex Catch Can, Husky Splash Guards, Heritage Grille, 3D Carbon Rear Spoiler, Oracle Chrome Turn Signal Bulbs, GM Reverse Light Trim Billets, Gorilla Black Locking Lugs, Emblem Pros Retro SS Badges/Custom Retro SS Kickplates/Under-hood Bowtie, 35% window Tint, Nitto Motivo Tires (6-8-18)
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08-17-2015, 07:49 PM | #4 | |
Quote:
Get clear of your lease first.
__________________
-Cameron Lashley
Albany, GA 2011 Camaro 2LT/RS 3.6L M6 Summit White w/silver rally stripes CAI intake, VTC, VMax PTB, VMax Iceolator, Apex intake scoop, Roto-Fab washer bottle relocate Build Journal: http://www.camaro5.com/forums/showthread.php?t=419992 . |
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08-17-2015, 07:51 PM | #5 |
Drives: ‘16 1SS & ‘19 1LT Join Date: Aug 2012
Location: Windermere, FL
Posts: 2,086
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I would wait for the deals on the 2015's once the 2016's come in. $20k for a 2010 with no RS package is way too much!!
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08-17-2015, 08:36 PM | #6 | |
Drives: 2017 Camaro 1LT/RS (V6) Join Date: Dec 2008
Location: Long Island, NY
Posts: 911
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Quote:
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08-17-2015, 08:38 PM | #7 |
$399 x 72 = $28,728
__________________
-Cameron Lashley
Albany, GA 2011 Camaro 2LT/RS 3.6L M6 Summit White w/silver rally stripes CAI intake, VTC, VMax PTB, VMax Iceolator, Apex intake scoop, Roto-Fab washer bottle relocate Build Journal: http://www.camaro5.com/forums/showthread.php?t=419992 . |
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08-17-2015, 08:49 PM | #8 |
Drives: 2014 Red Hot LS3 Join Date: Oct 2014
Location: SF Bay Area, CA
Posts: 4,267
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08-17-2015, 08:51 PM | #9 |
Drives: 2017 Camaro 1LT/RS (V6) Join Date: Dec 2008
Location: Long Island, NY
Posts: 911
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I'm just so in love with the ABM color and this is the closest I've gotten to finding one within my budget. :(
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08-17-2015, 08:51 PM | #10 |
BigShow
Drives: 2017 1 Camaro + Chevy Avalanche Join Date: Oct 2014
Location: Tucson
Posts: 335
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What is ABM and why is it worth so much?
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08-17-2015, 08:56 PM | #11 |
Drives: 2017 Camaro 1LT/RS (V6) Join Date: Dec 2008
Location: Long Island, NY
Posts: 911
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08-17-2015, 09:12 PM | #12 | |
Quote:
Sent from my SM-N900V using Tapatalk
__________________
-Cameron Lashley
Albany, GA 2011 Camaro 2LT/RS 3.6L M6 Summit White w/silver rally stripes CAI intake, VTC, VMax PTB, VMax Iceolator, Apex intake scoop, Roto-Fab washer bottle relocate Build Journal: http://www.camaro5.com/forums/showthread.php?t=419992 . |
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08-17-2015, 09:35 PM | #13 |
Green Manalishi
Drives: 2010 Synergy Green Camaro LT Join Date: Sep 2014
Location: Southern Indiana
Posts: 217
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Not sure what an ABM is but I bought my 2010 one owner Synergy Green Camaro 1LT w/ 14,000 miles for $23K and that was a little over N.A.D.A. at the time, but I wanted the color and the mileage so I drove 5 hours to buy it. I only got a 4 year loan and didn't do any horse trading to get it. No way I'd go 72 mo. on a used vehicle myself. I'm not sure I'd go 72 mo. on a new Silverado.
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08-17-2015, 09:52 PM | #14 |
Drives: 2015 2LT/RS Vert Join Date: Mar 2015
Location: Dallas Area
Posts: 300
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If you have to go a 6 year note on a used car, you simply can't afford that car!
Just my opinion.
__________________
Mel
2015 2LT/RS 'Vert, RRM/Blk Designated Airworthiness Inspector; specializing in Amateur-Built and Light-Sport Aircraft. USAF Vet. <n168tx(at)flytx.net> |
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