05-22-2020, 05:52 PM | #15 | |
Drives: 2019 Camaro 2SS Vert Join Date: Apr 2020
Location: BC, Canada
Posts: 174
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05-23-2020, 10:40 PM | #16 |
Drives: 2021 Camaro LT1 Conv Join Date: Oct 2016
Location: Texas
Posts: 197
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I’ve been looking for a manual, V8, Shock, convertible. Brand new, preferably LT1 (prefer LT1 look, not money related) but open to SS.
I’m buying new and there’s 20 V8 M6 convertibles available in the entire country. And that won’t change anytime soon. It’s a rare combination for a reason. What is available, dealers are willing to negotiate. Even though, the 20 that are available aren’t exactly what I want so I’ll be ordering mine in the next 1-2 weeks. If looking used, the only way you’re going to find what you want, is going to be hundreds if not thousands of miles away. My current car, I drove 8 hours away to buy and I’d do it again in a heartbeat if the right opportunity presented itself. Everyone is different though. |
05-23-2020, 10:48 PM | #17 |
Drives: 2021 Camaro LT1 Conv Join Date: Oct 2016
Location: Texas
Posts: 197
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If you were looking for a used auto 2SS convertible, the market is about to be flooded by the rental car companies, especially Hertz. In a lot of cases, 2020s with fairly low miles and at fire sale prices.
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05-24-2020, 07:16 AM | #18 | ||
Hot Camaro
Drives: '20 2SS Convertible 6MT Join Date: May 2020
Location: CT
Posts: 3,534
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I've basically determined that MagRide isn't going to happen on a used model unless I forego NPP. I see NPP as more preferable to MagRide, though, so that's probably how it will shake out. Quote:
Even though I would personally never buy a car from a rental company, I looked at their inventory when article first started appearing about them selling the Camaros and the 'Vettes and they don't have anything at all that appeals to me. |
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05-24-2020, 07:38 AM | #19 |
Drives: 2017 HBM 2LT RS Convertible V6 A8 Join Date: Jan 2018
Location: NJ
Posts: 654
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So this situation may help you even if you're wouldn't consider buying a used rental. It creates more supply, more availability, and lower pricing in the resale market. But since things seem to be on economic hold right now, in my uneducated opinion, we are not quite there yet.
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05-24-2020, 07:51 AM | #20 | |
Hot Camaro
Drives: '20 2SS Convertible 6MT Join Date: May 2020
Location: CT
Posts: 3,534
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If there were a bunch of them being offered that were very similar to what the dealers had, and they were selling at competitive prices, it would be easy to simply show a dealership that their pricing is out of line and get a much better deal from the dealers. But, I don't see much in terms of actual inventory from Hertz right now that would compete in the convertible line nor do I expect any ability to sell at reasonable prices. Those cars are assets for them, not inventory. And, they can't just sell them off at whatever price simply to ease their financial burden. If they continue to spiral down, and the stakeholders approve selling assets to raise cash to pay liabilities, then we might see some changes in the market for a while as they pare their stock levels. On the flip side, if the economy stays down for an extended period, the makers and government may well start throwing out heavy incentives to get people to buy new (especially when there's hope of starting a recovery). THAT is likely to have a better impact on the prices of used inventory. In other words, if I don't find something in the next few weeks, I'll likely just sit on it until next spring rolls around and see what's out there then. |
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05-24-2020, 05:29 PM | #21 |
Drives: ‘23 SS1LE Join Date: Jan 2007
Location: Oregon
Posts: 290
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I dont think there will be many great deals in the short term. Existing inventory is already low because of the shutdown. The only reason to discount existing is to make room for new but there isn’t any coming yet. Everything is out of whack.
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05-24-2020, 07:04 PM | #22 | |
Drives: 2017 HBM 2LT RS Convertible V6 A8 Join Date: Jan 2018
Location: NJ
Posts: 654
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With little income the past few months because of Covid 19, there must be some incentive to drop prices to generate sales to avoid default on the loans, even it means selling at no profit for the short term. Losing credit rating means the source of loans dries up, or at least results in higher interest rates on borrowed money. That could hurt a business a lot more in the long run. |
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05-24-2020, 08:10 PM | #23 | |
Hot Camaro
Drives: '20 2SS Convertible 6MT Join Date: May 2020
Location: CT
Posts: 3,534
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05-25-2020, 02:32 PM | #24 |
Drives: 2SS, CT-R, LC500 Join Date: Jan 2018
Location: FLorida
Posts: 534
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Fed is going to buy Camaros, that's why there's a shortage , convertible or otherwise. Dealerships in hoarding mode.
Logic? Neighbor wanted to sell his house for 300K for the past year. A bit overpriced, so it sat. Covid strikes, his house is now for sale for 368K. Thats logic lol. "Inflation" is driving all prices up and causing shortages and hoarding. /s |
05-25-2020, 05:20 PM | #25 | |
Hot Camaro
Drives: '20 2SS Convertible 6MT Join Date: May 2020
Location: CT
Posts: 3,534
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05-25-2020, 07:47 PM | #26 |
Drives: 2SS, CT-R, LC500 Join Date: Jan 2018
Location: FLorida
Posts: 534
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05-26-2020, 10:59 AM | #27 |
Hot Camaro
Drives: '20 2SS Convertible 6MT Join Date: May 2020
Location: CT
Posts: 3,534
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I just learned today that the allocations to dealers for 2020 cars is done. Nothing in transit to any lots and new builds coming from GM will all be for MY 2021. The selection of cars that I'd be interested in that are still on lots from MY20 is very low (less than two dozen) - maybe that's part of why the used selection is also low... No one is trading in for a newer version of what they've had. :(
I'm going to reach out to someone that will buy for me from an auction and see what his thoughts are and may end up just trying to close a great deal on a new one. |
05-26-2020, 11:37 AM | #28 |
Drives: 2SS, CT-R, LC500 Join Date: Jan 2018
Location: FLorida
Posts: 534
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If there are good deals on new ones, might as well spend the extra few thousand. Its only money
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