You are browsing camaro6 
05-17-2017, 12:39 PM
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#1 |
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Banned
Drives: Camaro Join Date: Feb 2017
Location: NW IL
Posts: 114
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1LE trade in value... ;(
Its not good. Im in the midwest. Looking to possibly trade mine in for something else. Im getting values of $33k-$35k. Seems very low. I know for a fact they are comparing it to standard 1SS manuals that have ran across the auction block.
I have pointed this out every time I get these dumb values. My car is HBM with the HBM door inserts and PDR. Had a $46,600 sticker. Should be very valuable still I would think? What does the group say? Should I keep it and enjoy it this summer, then try again to trade out in spring? |
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05-17-2017, 12:47 PM
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#2 |
 Drives: Sold - Krypton Green 1LE Join Date: Sep 2016
Location: Illinois
Posts: 78
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I am on a market now in your area and I would probably think hard before spending $35k for a used one. And dealers need to make a profit as well. I do not think it's that unreasonable.
I would say drive it and have fun, it's never good to flip a car that quick as you always lose a lot. |
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05-17-2017, 12:51 PM
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#3 | |
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Banned
Drives: Camaro Join Date: Feb 2017
Location: NW IL
Posts: 114
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Quote:
 You will be lucky to buy one for invoice still. |
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05-17-2017, 12:52 PM
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#4 |
  Drives: Sold Join Date: Mar 2017
Location: Somewhere
Posts: 775
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It's used in the same year made/bought, you're going to take a screwing sir.. Unless you find a private seller or a very generous dealer that will immediately flip it to someone for more, thus padding your trade-in value.
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05-17-2017, 01:00 PM
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#5 |
      
Drives: 2017 SS 1LE Join Date: Mar 2016
Location: Monterey, CA
Posts: 2,475
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The problem is there are many new 1LEs going in the $39-41k range right now, that's NEW! So if you think about it when you trade yours in they need a little margin for some profit ($2-3k is usually their hopeful profit not taking financing into account) and it will have to be priced lower than new ones. So say they want to resale it for $38k, $35 is a good offer. Honestly I wouldn't expect to find anything better than that, that's why you don't trade a car after a month of ownership and expect not to lose a bunch of money. And $38k may be a high estimate for a sale price.
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IG: @NC_M1SS1LE
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05-17-2017, 01:06 PM
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#6 | |
Drives: 2019 Shock ZL1 Join Date: Jan 2007
Location: here
Posts: 800
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D.E.P.R.E.C.I.A.T.I.O.N.
If you want more $$$ sell it outright. What was your purchase MSRP? You say the sticker was 46k.
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From Super Chevy mag, April 2002: "Most of the weekend Settlemeire was meeting and greeting and quickly became known as simply "The Camaro Dude" (note, even his initials are SS)."
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05-17-2017, 01:06 PM
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#7 |
  
Drives: E92 BMW M3 Join Date: Oct 2012
Location: Houston
Posts: 4,496
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Damn, $35K is a GREAT trade in value. You better take that before they change their minds!
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SOLD - 2013 1LE - Pat G Spec'd Cam, NPP with 1 7/8" Long Tube Headers with High Flow Cats, Intake w/scoop, Ported Throttle Body, and Apex 1.25" Lowering Springs.
J-Rod Built and Matt@FSP Tuned  |
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05-17-2017, 01:06 PM
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#8 | |
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Banned
Drives: Camaro Join Date: Feb 2017
Location: NW IL
Posts: 114
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Quote:
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05-17-2017, 01:09 PM
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#9 |
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Drives: 2010 CobaltSSTC Join Date: Sep 2015
Location: Ontario
Posts: 515
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Welcome to GM. If you buy one plan to keep it for a loooong time, or take a big hit.
My GF's low mileage 2015 Sonic RS(all option, diamond white paint) is worth HALF of what she paid for it 18 months ago. Thats 18 months for $15k in deprecition on a $30k car. When the loan is paid off, 0% for 60 mnths, we expect it to be worth around $5,000 in good condition, lol. |
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05-17-2017, 01:20 PM
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#10 | |
Drives: 23 LT1/22 Colorado TB/69 Chevelle Join Date: Jun 2006
Location: Greenville, Tx
Posts: 4,970
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Quote:
Remember, new cars don't appreciate and are terrible investments 99.9% of the time. |
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05-17-2017, 01:32 PM
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#11 |
 Drives: SUMMIT WHITE 2016 1SS NPP 6MT MRC Join Date: Jan 2016
Location: Parker
Posts: 206
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Consignment is always an option.
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05-17-2017, 01:56 PM
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#12 |
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"M1SS1LE"
Drives: 2017 SS 1LE Join Date: Dec 2015
Location: Upstate SC
Posts: 2,906
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05-17-2017, 02:14 PM
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#13 |
Drives: 2024 SS 1LE Join Date: Jul 2016
Location: Bolivar, MO
Posts: 227
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I was offered $12k under book 4 months later when I tried to trade my 1ss for 1le. I've seen new 1le down to $39k and will probably drop a few more thousand with 2018's coming. If I found a used one in the color I like it would have to be $36k or less to consider it.
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05-17-2017, 02:21 PM
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#14 |
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Drives: 2017 Camaro 1LE Join Date: May 2017
Location: NJ
Posts: 59
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A car is not an investment, unless its classic or sits in a garage with zero miles. It will depreciate you will never get back what you paid for it. When you sell it your are selling at market value, you will never get cash value. Only way to get cash value is have your car totaled and have insurance payout. If you do it on purpose it is insurance fraud, unless someone hits you lol. Market value is about half msrp in 3-4 years. Luxury cars are even worst. If you want a new car every couple years, just lease.
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