Buying New or Buying Used

[O.F.]

Originally Posted by redcoats1976

bought my 2015 RS a few months ago as a certified used car.it only had 8,000 miles on it when i picked it up,remainder of 3 year bumper to bumper warrantee is in effect and the 2010-2013s were not that much cheaper with 50-60,000 miles on them.a certified 2015-2016 would be a good deal right about now too,and give you the choice of which gen you prefer.

I did pretty much the same thing a few months ago. I have been watching for a while and could have bought the same car new at the end of the model year for the same price that I paid used. These days, I think it pays to wait it out if you're thinking new. Otherwise, grab one if you find what you're looking for used. If dealers don't sell them quickly, they go to auction around here.

[nighttowl]

The absolute cheapest 2017 ZL1 Ive seen for sale was 63k + tax, title, registration and whatever BS charges the stealership hits you up for. most of them for sale right now are in the 66 - 70k range based on options.

if your thinking new zl1, I'd wait a year, buy one with a few thousand miles for 15k less; unless money is no object then just go buy it.

It will spank a stock 5th gen.

[Rottypiper]

I bought my ZL1 new in 2015. This year I put it up for sale. Nothing wrong with it and I love it but at the end of the day its just a car. It scratched the itch I had and now I would like something else. It wasnt my intent to get rid of the car this soon but life goes on.

[Viczl1]

My advice is buy what you can COMFORTABLY afford. Not a payment that is every last cent in a perfect world with no what ifs come into play. Because they always do. I bought a 2013 one owner ZL1 that is certified pre owned at the Chevy dealer with 1,200 miles on it for $39,000. Basically a new car at a huge discount. And got a great deal on my trade to boot! Do what your comfortable doing is my point.

[revo1059]

Bought my 12 in 13 with 1800 miles on it. Original owner put headers on it, did some tasteful cosmetic changes, and then way afraid of the power. Traded it in for an Audi. I picked it up for a good price. It has 24K now.

[Russm]

Great thoughts, I do not like to give stealer ships their 20%, bought a new 96 Ram Air firebird, had a small blemish in the clear coat, by the time they were done it was painted twice, replaced the front and rear windshield,(They steal wooled the over spray off the windshield), so much for a new car. Sounds like a used ZL1 one with the right first owner should be a good pick then. I was also thinking it might be a good idea to wait for a few 17 to pop up used and see what that does for the cost. I do like the new blue. From what I can see, except for a few new coolers the 15 with $2-3K of work done will be able to keep up with the 17 and I can always paint one blue!

[maraging]

Originally Posted by Snoman

New '17 ZL1s will be under $50k in 10 months with low mileage used in the $44-48k range.

The '13-'15 ZL1s are proven vehicles, both in reliability and longevity able to produce 10s 1/4mi times with little to no effort. Your current target price is $33k and if you perform your due diligence and are patient, you can find a slightly modified one owner for under $36k.

Paying a $20k+ premium to own your own color choices and have the newest vehicle on the market is a personal choice, but know up front you're burning cash.

You think they will drop that much in 10 months?

[Snoman]

Originally Posted by maraging

You think they will drop that much in 10 months?

No, it's based on historical fact.

GM runs 25% off inventory between October 1 and December 31.

$63,000 x 75% = $47,250

1 owner private sale will be 10% below this. $47,250 x 90% = $42,525.

Many dealers will hold back 5% for themselves and not pass it on to buyers;
$63,000 x 80% = $50,400
Pushing 1 owner private sales slightly higher; $50,400 x 90% = $45,360

Purchasing new allows other combined incentives and most of the '17s will book in the $65k range.

[Can'tHave2MuchHP]

Originally Posted by Snoman

No, it's based on historical fact.

GM runs 25% off inventory between October 1 and December 31.

$63,000 x 75% = $47,250

1 owner private sale will be 10% below this. $47,250 x 90% = $42,525.

Many dealers will hold back 5% for themselves and not pass it on to buyers;
$63,000 x 80% = $50,400
Pushing 1 owner private sales slightly higher; $50,400 x 90% = $45,360

Purchasing new allows other combined incentives and most of the '17s will book in the $65k range.

Well damn.

[Z/28Dan]

Originally Posted by Snoman

No, it's based on historical fact.

GM runs 25% off inventory between October 1 and December 31.

$63,000 x 75% = $47,250

1 owner private sale will be 10% below this. $47,250 x 90% = $42,525.

Many dealers will hold back 5% for themselves and not pass it on to buyers;
$63,000 x 80% = $50,400
Pushing 1 owner private sales slightly higher; $50,400 x 90% = $45,360

Purchasing new allows other combined incentives and most of the '17s will book in the $65k range.

WTH?

[markmsf3]

After watching that Nurburgring video on the chevy site, I'd almost wait 10 months if I knew I could get a '17 for 45ish.

[zeeb]

Originally Posted by markmsf3

After watching that Nurburgring video on the chevy site, I'd almost wait 10 months if I knew I could get a '17 for 45ish.

Don't count on it.

[markmsf3]

Originally Posted by zeeb

Don't count on it.

That's what I was thinking. My search continues for a '13 IOM, black 10 spoke with less than 20k. Hopefully, some well to do Z owners will have to have a Gen6 and be getting rid of my dream car.

[bobby35ny]

My thoughts on this....
The 20% off new ones does a number on the used ones.

This is where it gets dicey, I came from a 2010 SS/RS, Thinking OMFG this ZL1 is going to be a rocket ship, That's not the case, I describe it as the ZL1 has "longer legs" over my stock 2010. Sure the ZL1 does EVERYTHING better but its really not that fast stock. I go to many parking lot meet ups and talk to people and I spoke to quite a few guys that have owned ZL1's and they same the thing, "great car but I got bored, wish it was faster" Easy to say just spend a few bucks and MOD it but people don't want the hassles and lose the warranty.
-Bobby