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Old 05-06-2021, 01:49 AM   #29
CamaroSSStlfan

 
Drives: 2016 Camaro 2SS
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Originally Posted by Mrbobcat View Post
I haven't tried Vroom yet, but KBB is saying my 16 Mustang GT premium with 51k miles is worth just over 30K now. When I last checked a little over a week ago, it said something like 24.5K. When I was about to trade it in almost 2 years ago, it was worth around 22k so this is crazy. One of the reasons I hadn't traded it in for a Challenger Scat Pack yet was I wanted better trade in equity. Now I have it, but the problem is I can't find a car on the lot exactly like I want. There are some that are close, but the discounts are not as good now. I had thought about ordering one, but they are saying 10-12 weeks or so. I'm also kind of thinking of waiting for the new Nissan Z, but it sounds like I would have to wait at least a year to get one without a markup. Plus I'm not sure about the front end look and they would not be as good of a daily driver. Still not bad for a single guy, but the Challenger would have more trunk space and room for passengers if ever needed. I'm still vaguely thinking of getting an SS, but really doubt it (for much of the same reasons I may be reluctant with the Z) unless a super deal emerged.

I think KBB might be factoring in a lot of regional stuff too. That's an awfully big job.


Chevy dealer just up the street has a 2017 Mustang GT premium convertible, auto 41k miles listed for $31,990


Carvana (always overpriced) has a 2019 Mustang GT premium convertible, auto, only 18k miles listed for $34,995
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Old 05-06-2021, 07:31 AM   #30
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Originally Posted by CamaroSSStlfan View Post
Damn! You would NEVER see that in Southwest FL. Never. They usually go for around 52k on up new around here. AND they usually sit on the lots for ages too. Same with the loaded up 2SSs down here. They get them pushing 50k and they don't move for months.

Pre 2019 you could get 1SS 1LE's for 39-40k all day. When the option came available to get a 2SS 1LE, the prices on those jumped up a lot.
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Old 05-06-2021, 08:16 AM   #31
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Originally Posted by KingLT1 View Post
Pre 2019 you could get 1SS 1LE's for 39-40k all day. When the option came available to get a 2SS 1LE, the prices on those jumped up a lot.
When it's pushing 55k you should just spend the extra and go for the zl1 then.
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Old 05-06-2021, 08:22 AM   #32
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Originally Posted by CamaroSSStlfan View Post
When it's pushing 55k you should just spend the extra and go for the zl1 then.
I love this saying...

So how much is a ZL1 in this instance? At 0% interest for 72 months you are looking at $13.88 for each additional 1000 you spend.

This is assuming you can get 0 for 72 and you most of the time lose some discounts going 0 for 72.

Well unless you give me just use cash argument, because I am sure 99% of the people on her have $70K just sitting in the bank waiting to be spent on a car.
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Old 05-06-2021, 09:00 AM   #33
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Originally Posted by FarmerFran View Post
I love this saying...

So how much is a ZL1 in this instance? At 0% interest for 72 months you are looking at $13.88 for each additional 1000 you spend.

This is assuming you can get 0 for 72 and you most of the time lose some discounts going 0 for 72.

Well unless you give me just use cash argument, because I am sure 99% of the people on her have $70K just sitting in the bank waiting to be spent on a car.
You could get them under 70. Right now don't see many new zl1 on the lots and used are 63 to 73 right now
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Old 05-06-2021, 12:25 PM   #34
ember1205
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Originally Posted by Petrol Head View Post
And thatís what a dealer will give you. Theyíll need to turn a profit on it, so they will put it up for north of $50k.

That tells you that you can put it up for sale privately and get $50k for it.
Don't count on it.

I was talking to a dealer about trading my car towards a 2021 and they wanted to give me $35k trade and sell the new one at Supplier Pricing plus let me take the rebate. In other words, my car plus $15k.

If I were to sell my car right now to Vroom for $40k, I could still by the 2021 at the same price and it would net out to my car plus $10k.

Dealers generally won't come anywhere near the amount you can get by selling your car outright and selling it via private sale won't typically net you a lot more AND it's usually a hassle.
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Old 05-06-2021, 01:21 PM   #35
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Hmm.. vroom gave me an offer of 39.8 for mine. I ticked the 'aftermarket exhaust' box but I'm curious what they would think of no secondary cats..
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Old 05-06-2021, 01:24 PM   #36
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Originally Posted by ember1205 View Post
Don't count on it.

I was talking to a dealer about trading my car towards a 2021 and they wanted to give me $35k trade and sell the new one at Supplier Pricing plus let me take the rebate. In other words, my car plus $15k.

If I were to sell my car right now to Vroom for $40k, I could still by the 2021 at the same price and it would net out to my car plus $10k.

Dealers generally won't come anywhere near the amount you can get by selling your car outright and selling it via private sale won't typically net you a lot more AND it's usually a hassle.
Iíve never had a problem selling my cars. Since 1996 Iíve sold every car Iíve owned by myself and gotten more than I would have trading it, never traded one in.

A lot of it is knowing where and how to advertise it. Know the type of people whoíd be interested in it to begin with and cater it to them.
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Old 05-06-2021, 01:40 PM   #37
ember1205
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Originally Posted by Petrol Head View Post
Iíve never had a problem selling my cars. Since 1996 Iíve sold every car Iíve owned by myself and gotten more than I would have trading it, never traded one in.

A lot of it is knowing where and how to advertise it. Know the type of people whoíd be interested in it to begin with and cater it to them.
I've done it and understand that you have to know how to position yourself and the car to sell it. Yes, you can get more money. But, you have to know how to handle the actual transfer of ownership, taking payment, waiting for checks to clear, etc.

On top of that, it's imperative to be able to get "enough" of a higher price for it than trading because of how sales tax works on purchase versus trade around here (you're taxed only on the difference).

Trading a car is simpler and dealerships bank on that. Vroom will offer more because they will sell for a higher price and/or quicker because their prospective buying audience is the country while dealerships have only their local area...
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Old 05-06-2021, 02:08 PM   #38
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I sold mine two weeks ago. 2016 Camaro SS w/43000 miles for $30,000. Bought it w/6000 miles 2.5 years ago for $31,000 haha
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Old 05-06-2021, 02:22 PM   #39
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I was pretty curious to see what they would give me so I tried my 2021. $40k. Not quite what everyone else was being offered. AND, it took them 2 days to email me back on it. Maybe it just depends on the person whos computer your car ends up on for the appraisal.
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Old 05-06-2021, 02:39 PM   #40
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Drives: 2016 Hyper Blue Metallic 1SS
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Traded mine in two weeks ago for $31500, 2016 1ss with 32k miles, only options NPP and moon roof, bought it two years ago for $26000 at 16k miles, so basically 83% value retention rate (31500/38000 msrp) after 5 years and 32k miles......
While muscle car prices especially Camaros' are way up, I found German mid range performance car prices like c43 and s5 are basically not going up at all, so jumped on a 2018 s5 at vroom, 32k miles fully loaded with almost $9000 in options, $39k, very competitive price even comparing to pre pandemic.
After test driving both the s5 and c43, they are actually very fast and pulls strong, really didn't expect that and I don't know if I'm tripping but they don't feel any slower than the SS, so I would recommend those who don't know what car to replace the Camaro to take a look at these cars, to take advantage of the insane pricing of Camaros right now and not inflated German sports car prices.
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Old 05-06-2021, 03:47 PM   #41
CamaroSSStlfan

 
Drives: 2016 Camaro 2SS
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Originally Posted by nosugarboba View Post
I sold mine two weeks ago. 2016 Camaro SS w/43000 miles for $30,000. Bought it w/6000 miles 2.5 years ago for $31,000 haha

Not bad. I bought my 2016 2SS, auto, NPP, 16k miles for $31,200 last sept. at the time the kbb was 35,500 but dealer had it on sale and I got decent trade in.


Minus having a warrant and A10, if buying used you should go with the 2016,2017. basically the same car and they go cheaper than the 2018 and newer.
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Old 05-06-2021, 03:58 PM   #42
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Originally Posted by ember1205 View Post
I've done it and understand that you have to know how to position yourself and the car to sell it. Yes, you can get more money. But, you have to know how to handle the actual transfer of ownership, taking payment, waiting for checks to clear, etc.
Checks? Huh?

This is a strictly cash operation here my friend. Dead Presidents donít talk

I make that crystal clear when advertising. Transfer of ownership??? You go to your bank to have the title notarized and itís done.
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