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Old 12-10-2015, 10:39 AM   #1
Zack46


 
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How Much Value Will It Lose?

How much value will the 2016 Camaro lose When You Drive it Off the Dealership Lot?

For example, If you have a car that's $20,000 and you buy it brand new, once you drive it off the lot, does it automatically lose 11% in value, so right away its only worth $17,800? ($20,000 - 11% ($2,200) = $17,800

How much value (in %) will the 2LT V6 RS lose after you drive it off the lot?

What about the 1SS and 2SS?
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Old 12-10-2015, 10:51 AM   #2
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I don't know how much this will help, but I bought paid about $38k for my 2010 SS, and 5 years later it drowned in a flooded parking lot (after a very unusual amount of rain)... Then my insurance company sent me a check for about $25k, which was slightly better than the KBB value at the time.

I was kind of impressed that it didn't lose as much value as I expected.
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Old 12-10-2015, 10:54 AM   #3
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The car is worthless. Don't buy it at all. Jk. I'm just bored today.
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Old 12-10-2015, 11:04 AM   #4
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I had a similar question about trading in a 16 SS for a 17 ZL1 and how much of a beating one would take. Surely folks have had some experiences with that on the 13-15's trading in a year old SS for a zl1 from the same dealer.
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Old 12-10-2015, 11:05 AM   #5
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This is why I will not pay MSRP for this or any car. If you don't get a nice discount off MSRP, you loose even more when you drive off the lot...these aren't Ferraris.
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Old 12-10-2015, 11:14 AM   #6
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Well I got my 16SS with the help of my GM card for $1739 off sticker and I will lose money ....but less then a V/6. Take a look @ cars like the Audi RS5 they lose a TON. Sticker $86K and a 13 is selling for $52K. Or how about a 09 Shelby GT500KR sticker $89K now going for $42K with low miles.
I did buy a used 13 Boss 302 drove it for two years and lost $3500 and the trade in saves you taxes in GA . So I saved $2475 in taxes on the 16 SS.
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Old 12-10-2015, 11:14 AM   #7
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This question could have been asked in 1965, 1984, 2000, and 2015. You get the SAME exact answer.

It depends.

You can't use the 11% rule, or any other rule. It varies by region, and also market saturation. Case-by-case. I'm thinking by next year, there will be enough 2016s rolling around that you'll take a bath financially. And not in a good way.

Just know that you will eat a bigger chunk out of your value if you paid MSRP or higher.

Buying a 2016 should have been an all-in affair. You either buy and hold, or hold off until you know what you'll be getting in '17. But if you buy now, you will lose next year on trade-in. Because if they even offer a Z-edition, whatever it is, you will likely pay big to be first, and since you've probably already forked out some $$ already...if your wallet can take the hit, then go for it. Mine probably can, but that's just not a smart move financially.

My advice to those that can't wait- Should have leased, you financial dimwit.
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Old 12-10-2015, 11:21 AM   #8
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Lots of variables, unfortunately it's hard to say with a brand new model year. I'm not concerned because this is a car I'll be keeping for a long time. I saved $4,000 when I bought my car 1 year old with 12,000 miles which wasn't bad at the time. 1 year later there were a lot of nice low mile used SS's showing up for not much more than I paid for my 2LT.
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Old 12-10-2015, 11:29 AM   #9
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Quote:
Originally Posted by Zack46 View Post
How much value will the 2016 Camaro lose When You Drive it Off the Dealership Lot?

For example, If you have a car that's $20,000 and you buy it brand new, once you drive it off the lot, does it automatically lose 11% in value, so right away its only worth $17,800? ($20,000 - 11% ($2,200) = $17,800

How much value (in %) will the 2LT V6 RS lose after you drive it off the lot?

What about the 1SS and 2SS?
Loaded 2LT's will take a big depreciation hit. All the expensive options won't be taken into consideration 3+ years down the road. Bet a loaded 2LT will sell used for roughly the same price as a used 2LT with no options.

In addition since it is a turbo4 or V6 and not the LT1 I anticipate that the value will drop at a more rapid pace than the SS's.
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Old 12-10-2015, 11:54 AM   #10
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In year 1 and 2 you get hit hard and then depreciation tends to slow a bit in year 3 and beyond depending on condition and market conditions for the particular vehicle. To give you an example, I am driving a 2013 2SS 1LE with all the options. It had an MSRP of 43k. I paid $39k around 28 months ago. Wholesale on the car with about 15k miles on it is probably in the $25-27k range. So, yeah you will get destroyed on depreciation on a new car. If you plan to keep it forever then so be it, if you like to get in an out of new cars every few years then it is cheaper to lease them. If you can find a 2-3 year car that has been well maintained then that is the way to go to save a boat load. The person who get my car next year will buy a cream puff, garage kept driven less than 7500 miles per year for mid 20s. Don't get me wrong, buying new is awesome but only worth it if you hang on to cars to build some equity or lease them.
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Old 12-10-2015, 12:10 PM   #11
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Quote:
Originally Posted by SUMMIT WHITE SS View Post
This is why I will not pay MSRP for this or any car. If you don't get a nice discount off MSRP, you loose even more when you drive off the lot...these aren't Ferraris.
Even Ferraris take a hit initially. First 5 years are not very good to Ferrari values. But after the initial 5 years, you have your own high yield CD in the garage.
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Old 12-10-2015, 12:20 PM   #12
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I have been thinking about this also. I'm trading in a car that doesn't depreciate near as fast as the Camaro. I will probably only keep the car two or three years so I'll lose on it.
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Old 12-10-2015, 12:35 PM   #13
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Quote:
Originally Posted by GTIanZ28 View Post
Loaded 2LT's will take a big depreciation hit. All the expensive options won't be taken into consideration 3+ years down the road. Bet a loaded 2LT will sell used for roughly the same price as a used 2LT with no options.

In addition since it is a turbo4 or V6 and not the LT1 I anticipate that the value will drop at a more rapid pace than the SS's.
I totally agree with you on this.. Most often.. cars that are fully loaded tend to take a bigger depreciation hit than their minimal options loaded counterpart.. and yes a full loaded 2LT V6 which costs as much as a 1SS will take a bigger depreciation hit.. maybe by a thousand or so I imagine..

But there is one more thing to take note of.. in a few years features like blind spot monitoring, cross traffic alert and all will be available even on standard trims.. at that time a 3 yo camaro already equipped with these features will tend to be favored than the one not having that... so this might help it shave off some depreciation... thats my guess... but even then a V6/I4 will depreciate more than V8..

here are a couple of articles explaining this:
http://jalopnik.com/here-s-why-you-s...ypography%3Don

http://thegarage.jalopnik.com/here-a...y-a-1673044072
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Old 12-10-2015, 12:35 PM   #14
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Originally Posted by moonrider View Post
I have been thinking about this also. I'm trading in a car that doesn't depreciate near as fast as the Camaro. I will probably only keep the car two or three years so I'll lose on it.
See, this is where I'm at a disadvantage. The V6 (LT) will lose value quicker than the V8 (1SS & 2SS).
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