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5th Gen Camaro SS LS LT General Discussions General 5th generation Camaro topics not covered by other subforums.

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Old 06-10-2011, 08:28 PM   #1
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Trade in Value

Hey guys i'm thinking about trading my 2011 1LT Camaro for a SS soon. Quick question. How much is a good price for my trade? My car has a little over 12,000 miles. I know mods don't increase value at all either but i'm just looking for insight on how much i should be looking for. Kelly's Blue book doesn't seem right at 26,000 lol. They are telling me 20-22k is that right? Seems kinda low. Thanks.
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Old 06-10-2011, 08:34 PM   #2
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I would say 20,000 to 23,000 would be about right. I got 21,500 for mine with 20,000 miles on it with a rear spoiler and non RS.
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Old 06-10-2011, 08:35 PM   #3
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First off you always go with Good not Excellent. You never get Excellent when you trade, I don't care how good the car looks. That takes you down to around $24375. Used car values are up across the board and are as good as they'll ever be right now. So there you go, you shouldn't have any trouble getting Blue Book on a trade.

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Old 06-10-2011, 11:30 PM   #4
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I just sold my LT1 with 27,000 miles and got $20,000 trade
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Old 06-10-2011, 11:54 PM   #5
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Probably 23k to 24k. Camaros are holding value really well.
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Old 06-11-2011, 08:23 AM   #6
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Your trade is worth what you paid (do not include tax and license) less 10 to 20% for first year depreciation.
The value of your trade also depends on what you pay for the SS. If you pay MSRP for the new car, the trade is worth more. If you pay invoice for the new SS, your trade is worth less. Either way, the first year of car ownership is the most expensive due to the depreciation.
How about trading your '11 for a used 2010 SS?

Last edited by upflying; 06-11-2011 at 08:41 AM.
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Old 06-11-2011, 08:40 AM   #7
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Assuming your state has sales tax you will get a sales tax benefit. You will only have to pay sales tax on the difference between the new and the old car prices, which is a benefit to factor in.
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Old 06-11-2011, 08:44 AM   #8
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Assuming your state has sales tax you will get a sales tax benefit. You will only have to pay sales tax on the difference between the new and the old car prices, which is a benefit to factor in.
Interesting, never heard of that. Certainly not the case in Ca.
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Old 06-11-2011, 08:50 AM   #9
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Assuming your state has sales tax you will get a sales tax benefit. You will only have to pay sales tax on the difference between the new and the old car prices, which is a benefit to factor in.
Something cool about SC is that they cap the sales tax on cars at $300 - so no matter what vehicle you buy, $300 in sales tax is all you will pay.

Now property tax is a completely different story..........
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Old 06-11-2011, 08:54 AM   #10
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I'm impressed with how well they're holding value thus far, but I suspect this wont last long. They are new and everybody wants one but they are also flooding the hell out of the roads and will likely start declining before long. Trade in soon if you're gonna. Just my guess, if anyone disagrees I'll be out back ready for a flogging.
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Old 06-11-2011, 08:58 AM   #11
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Something cool about SC is that they cap the sales tax on cars at $300 - so no matter what vehicle you buy, $300 in sales tax is all you will pay.

Now property tax is a completely different story..........
Yea, figure roughly 11% for tax and license in Ca.
Fork over $3700 for a $35,000 car.
I am sure it is much worse for our Canadian members.
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Old 06-11-2011, 09:39 AM   #12
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Thanks for the awesome info guys!
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Old 06-11-2011, 10:07 AM   #13
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Quote:
Originally Posted by upflying View Post
Your trade is worth what you paid (do not include tax and license) less 10 to 20% for first year depreciation.
The value of your trade also depends on what you pay for the SS. If you pay MSRP for the new car, the trade is worth more. If you pay invoice for the new SS, your trade is worth less. Either way, the first year of car ownership is the most expensive due to the depreciation.
How about trading your '11 for a used 2010 SS?
That's actually exactly what I want to do. Hopefully using the military discount and everything Im trying to get a used 2011 1SS for 30k out the door or less hopefully. Should be possible right?
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Old 06-11-2011, 10:57 AM   #14
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keep in mind some used camaro's are going for the same price as new ones, hence why I got my 2ss new because used was the same price with 10,000 miles on it
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Old 06-11-2011, 11:01 AM   #15
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Make sure you negotiate the trade and vehicle purchase as two separate transactions. Start by negotiating the price of the SS you want. Once you are happy with the price, then bring up the trade. Dealers play games with the numbers if you combine the trade and purchase into the same discussion.
Unless you paid cash for the V6 car or put 1/3 down, you are most likely upside down on the loan. That means you have to pay money to sell the '11. You can roll over the amount you owe into the new SS loan but your APR will increase due to the higher risk.
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Old 06-11-2011, 11:17 AM   #16
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Remember that when forum and regular dealers give new Camaro's away for no money, that will conversely affect the used Camaro market. A dealer will not pay up for a used Camaro when a new one isn't that much more to start with. There has to be a price advantage for a dealer to trade and then retail out of it and still be much less than a new one.
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Old 06-11-2011, 11:25 AM   #17
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They are only offering men 22,500 for my trade
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Old 06-11-2011, 11:26 AM   #18
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Quote:
Originally Posted by upflying View Post
Make sure you negotiate the trade and vehicle purchase as two separate transactions. Start by negotiating the price of the SS you want. Once you are happy with the price, then bring up the trade. Dealers play games with the numbers if you combine the trade and purchase into the same discussion.
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