01-03-2017, 12:00 PM | #1 |
Drives: 2016 CAMARO RS BLACK Join Date: Jan 2017
Location: Lake Elsinore
Posts: 3
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Trading in RS for SS?
Alright guys so long story short, I want to trade in my 2016 RS for a 2017 2SS. I've been thinking about it so much because it's a huge payment difference and I don't know how much I would be upside down on my Camaro. Is it worth it? I'm not fully satisfied with my RS. I want to be fully happy with my car and that would be an SS. My bestfriend has a 2016 2SS and i only want it more and more because we mob in his SS a lot. What should I do? How much money will I be upside down? 5k? 10k? And also I currently pay $250 for insurance since I'm only 19 years old. Will my insurance boost up a lot if I got the SS? It's the same year and still a sports car.. thanks!
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01-03-2017, 12:11 PM | #2 |
I need Teepee!
Drives: 2019 Camaro SS 1LE Join Date: Oct 2016
Location: Highland, TX
Posts: 181
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Unfortunately you are going to get taken to the bank on both. It would be easy to find out both questions you ask. Call your insurance company for a quote and go to a dealer to get a trade in value.
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01-03-2017, 12:11 PM | #3 |
Drives: 1968 SS/RS, 2006 H2 2016 2SS White Join Date: Sep 2015
Location: Texas ( Southern Moron)
Posts: 770
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Call your insurance company and ask for a quote, a lot of variables in the other part of the question.
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2016 2SS White fully loaded
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01-03-2017, 12:21 PM | #4 |
Drives: 2016 2SS Camaro Join Date: Jan 2016
Location: Dallas
Posts: 11
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I did this last year. I bought a v6 in January and traded it in in July.
I was 10,000 upside down, but they were offering 0%, which they were not before. It offset the negative equity and my payment only went up 50.00. As for the insurance, give them a call. Mine did go up. |
01-03-2017, 12:24 PM | #5 |
Drives: 2018 Hyperblue Camaro 1SS/1LE Join Date: Feb 2015
Location: Virginia is For Lovers
Posts: 489
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Figure out what your car is worth first. Then decide if you can even take that kind of hit financially. The best I can offer to help there is that I traded in my 2014 LS for $12,500 and financed $22,000 on my 1SS.
In terms of you insurance rate I'll let you know what I pay. I'm 20 year old Male with 3 speeding tickets and a reckless driving(speeding) ticket sitting on my record. I pay $295 a month for my insurance, full coverage. |
01-03-2017, 12:27 PM | #6 |
Drives: 2017 SS 1LE Join Date: Mar 2016
Location: Monterey, CA
Posts: 2,474
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If you didn't put at least $5-7k down payment on your RS you will be upside down on it, probably a lot more than you expect. As for insurance it's going to go up for sure. But on the insurance front $250 is a lot even for a 19 yo (assuming you have a clean driving record). I bought my 2012 SS Camaro when I was 20 and my insurance was only $135 a month, so consider shopping around for a different insurance company, Geico is usually cheaper than most.
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IG: @NC_M1SS1LE
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01-03-2017, 12:52 PM | #7 | |
Account Suspended
Drives: '14 Jetta 1.8, '19 1SS Join Date: Mar 2010
Location: San Diego
Posts: 886
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Quote:
Yes the V8 sounds better and has better thrust but the 6 is no slouch. And the 8 will drink more gas. If you have the $$, go for the V8. If it's going to cause significant financial damage, I'd just enjoy my RS. |
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01-03-2017, 03:45 PM | #8 |
Drives: 2016 F150 Join Date: May 2014
Location: Iowa
Posts: 2,196
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Buy a Cruze.
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01-03-2017, 04:15 PM | #9 |
Drives: ^^^This Join Date: Nov 2015
Location: Virginia Beach, VA
Posts: 747
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This peer pressure lesson is going to cost you. Totally not worth it from a financial aspect. The RS is probably worth $20k at trade in right now, even if you get a 2SS for $30k youre going to take a hit and thats not even counting your certain insurance hike.
Last edited by vet757; 01-03-2017 at 04:26 PM. |
01-03-2017, 05:02 PM | #10 |
Drives: Nightfall, 2SS, A8, MRC, NPP,RE-71R Join Date: Jul 2016
Location: United States
Posts: 250
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No matter how you slice it, the math doesn't work out in your favor. Like me, you are basically stuck in your existing car for now unless you want to take a big financial hit and pay more for insurance. I'm in the same boat, I want a 1LE, but I would take too much of a financial hit if I trade in my 2SS for it to be worth it. And for me, I really wouldn't feel the difference in normal day to day driving unless I was on a track. But I still want one. It just wouldn't be a smart financial move. I agree with cbr1100xx, even if you get an SS, it will be fun for a few months but once you get used to the power, you'll realize that its just a car and the difference between a v6 and the v8 for everyday driving isn't that big of a deal. There's a big difference in performance, don't get me wrong, but for everyday driving its not enough of a difference to take a big financial hit over. The v6 is pretty fast as is. Just enjoy the v6 for a year or two, or wait till the end of the year when 20% off deals come around again.
Last edited by NCSD; 01-03-2017 at 05:13 PM. |
01-03-2017, 05:05 PM | #11 |
Drives: 2016 2SS Hyper Blue Join Date: Oct 2015
Location: Kansas, soon!
Posts: 995
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Yep... true
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01-03-2017, 06:54 PM | #12 |
Drives: 2020 SHOCK SS 1LE Join Date: Sep 2016
Location: Southern California
Posts: 384
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Enjoy having a good time hanging out with your best buddy and his SS, but let him enjoy the costs he incurs with owning one. Then just set a goal of having one down the road.
Go enjoy your Camaro and knowing you don't need to put yourself under and in debt because you enjoy something someone else has that you don't. |
01-03-2017, 07:21 PM | #13 | |
Quote:
The "wrong math" is exactly the reason my SS is staying and I'm forgetting about a ZL1. No way am I going to take that depreciation hit for basically no reason for power that I can't use. There is nothing wrong with that 335hp V6 in your RS. I would have loved to have had a 13-second car as a 19yo. To say nothing of having all the great modern amenities you currently enjoy. |
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01-03-2017, 07:26 PM | #14 |
I need Teepee!
Drives: 2019 Camaro SS 1LE Join Date: Oct 2016
Location: Highland, TX
Posts: 181
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^^ couldn't have said it better 10-7
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