ZL1 Resale Value? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

whistle pig · 01-17-2012, 01:04 PM

I know this is premature, but so are most of the topics here...

the 5th gen camaros have enjoyed an outstanding resale value up to this point, but it appears the market is starting to adjust...as its bound to sooner or later.

How much will that 1-2 year old ZL1 with less than 10,000 miles be worth?

Im guessing it could be a rather steep decline.....

BURNT ORANGE SS · 01-17-2012, 02:30 PM

Guess 45-50k!

htg39 · 01-17-2012, 02:32 PM

I have been buying new cars since 1965------to many to count-----don't EVER BUY A CAR and try to figure out Resale Value----ITS A LOSING PROPOSIION in 99% of the Cases.... I can count on my hand the cars I made money on......
Believe it or not the one that sticks out in my Mind is the Smart Car--that I had for 30 Days and made $2000.00 on a $20,000 Sales Price...10% isn't bad......
Just enjoy the car---and if you have to worry about Redale re think what you are doing......Its a Losing Proposition... Harvey

ffrcobra_65 · 01-17-2012, 02:34 PM

it will be worth what someone is willing to pay for it. Ask for the moon.

Blue Menace · 01-17-2012, 02:57 PM

I recently read an article stating the GT500 is enjoying a 70% resale value. Who knows, this might be comparable to future ZL1's.

hightower · 01-17-2012, 05:46 PM

It'll have a really good resale value... in 50 years maybe?

Ryanbabz71 · 01-17-2012, 08:07 PM

Quote:

Originally Posted by htg39

I have been buying new cars since 1965------to many to count-----don't EVER BUY A CAR and try to figure out Resale Value----ITS A LOSING PROPOSIION in 99% of the Cases.... I can count on my hand the cars I made money on......
Believe it or not the one that sticks out in my Mind is the Smart Car--that I had for 30 Days and made $2000.00 on a $20,000 Sales Price...10% isn't bad......
Just enjoy the car---and if you have to worry about Redale re think what you are doing......Its a Losing Proposition... Harvey

So trying to use the excuse that it is an investment wont fly (dont tell my wife hehe)

htron50 · 01-17-2012, 08:28 PM

Someone was trying to convince me just how unrealistic this car is. Then I suggested they switch their Rolls Royce out for a Mercedes. Of course NOT! (Or did I ask them to switch out their Accord for a Civic?) LOL. Just enjoy and respect what you have. Take care of it. I think, for some, the ZL1 will be an extension of their being, for others it will be chattel. That's what makes the world go round and round!

Jer4251 · 01-17-2012, 10:48 PM

i would also like to know because i may save money and buy a used one in a year to save a bunch of money. some people are going to get in over their head and need to sell. i hope to score one used

whistle pig · 01-18-2012, 09:49 AM

Quote:

Originally Posted by Jer4251

i would also like to know because i may save money and buy a used one in a year to save a bunch of money. some people are going to get in over their head and need to sell. i hope to score one used

Thats where I was coming from.....The used SLP's dont seem to be commanding top resale. It appears if you really want to sell your SS the asking price better start with a 2.

LOWDOWN · 01-18-2012, 12:34 PM

How much in a year or two? Depends how many are sold, to whom, and how many languish in Inventory, then... If New ones have rebate$, expect Used ones to plummet...

"Heresy"? There's incentives on ZR1 Vettes...who'da thunk?!

htron50 · 01-18-2012, 12:35 PM

I'd consider an SLP as modified vs being factory original. Despite their mfr agreement. Thus, if it ain't original from factory, it just won't have the "intrinsic value" a factory produced car will. IMHO

Grimelock2009 · 01-18-2012, 02:00 PM

If we compare the competition, you can get a 2011 GT500 with PP and Nav for about 43k.

motorhead · 01-18-2012, 02:14 PM

When gas goes to $5.00 gallon, I bet you'll be able to get just about any performance car for a good price.

01-17-2012, 01:04 PM	#1
whistle pig Drives: whatever Join Date: Mar 2011 Location: mn Posts: 122	ZL1 Resale Value? I know this is premature, but so are most of the topics here... the 5th gen camaros have enjoyed an outstanding resale value up to this point, but it appears the market is starting to adjust...as its bound to sooner or later. How much will that 1-2 year old ZL1 with less than 10,000 miles be worth? Im guessing it could be a rather steep decline.....

01-17-2012, 02:32 PM	#3
htg39 Drives: Corvette ZR1 2012 Centennial. Join Date: Jun 2011 Location: oceanside Posts: 155	ZL1 RESALE VALUE I have been buying new cars since 1965------to many to count-----don't EVER BUY A CAR and try to figure out Resale Value----ITS A LOSING PROPOSIION in 99% of the Cases.... I can count on my hand the cars I made money on...... Believe it or not the one that sticks out in my Mind is the Smart Car--that I had for 30 Days and made $2000.00 on a $20,000 Sales Price...10% isn't bad...... Just enjoy the car---and if you have to worry about Redale re think what you are doing......Its a Losing Proposition... Harvey

01-17-2012, 05:46 PM	#6
hightower LS3 Black Widow Drives: 2012 45th 2SS LS3 and 1968 Mustang Join Date: Nov 2011 Location: Madison, GA Posts: 4,557	It'll have a really good resale value... in 50 years maybe? __________________ My Camaro Story

01-17-2012, 10:48 PM	#9
Jer4251 Camaro Addict Drives: too many Join Date: Sep 2009 Location: 912 Posts: 1,274	i would also like to know because i may save money and buy a used one in a year to save a bunch of money. some people are going to get in over their head and need to sell. i hope to score one used __________________ 1990 IROC-Z Vert LS 1996 SS Vert LT4 1992 Z28 Z03 T5 1992 Z28 Z03 L98 2018 Sierra Denali 6.2 1997 Z28 Z4C 1995 Z28

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01-17-2012, 02:30 PM	#2
BURNT ORANGE SS Drives: 2011 IOM Camaro 2SS LS3 Join Date: Jan 2012 Location: Ventura, CA Posts: 169	Guess 45-50k!

01-17-2012, 02:34 PM	#4
ffrcobra_65 Account Suspended Drives: SuperCharged 2SS/RS IOM MN6 Join Date: May 2009 Location: CA Posts: 5,094	it will be worth what someone is willing to pay for it. Ask for the moon.

01-17-2012, 02:57 PM	#5
Blue Menace Drives: 2013 WRX Sedan Join Date: Aug 2009 Location: Austin, TX Posts: 705	I recently read an article stating the GT500 is enjoying a 70% resale value. Who knows, this might be comparable to future ZL1's.

01-17-2012, 08:28 PM	#8
htron50 Drives: 2017 ZL1 Status "Thank You!" Join Date: Feb 2009 Location: SC Posts: 2,498	Someone was trying to convince me just how unrealistic this car is. Then I suggested they switch their Rolls Royce out for a Mercedes. Of course NOT! (Or did I ask them to switch out their Accord for a Civic?) LOL. Just enjoy and respect what you have. Take care of it. I think, for some, the ZL1 will be an extension of their being, for others it will be chattel. That's what makes the world go round and round!

01-18-2012, 12:34 PM	#11
LOWDOWN Downright Upright Drives: Daily Join Date: Apr 2009 Location: Cruisin'... Posts: 4,145	How much in a year or two? Depends how many are sold, to whom, and how many languish in Inventory, then... If New ones have rebate$, expect Used ones to plummet... "Heresy"? There's incentives on ZR1 Vettes...who'da thunk?!

01-18-2012, 12:35 PM	#12
htron50 Drives: 2017 ZL1 Status "Thank You!" Join Date: Feb 2009 Location: SC Posts: 2,498	I'd consider an SLP as modified vs being factory original. Despite their mfr agreement. Thus, if it ain't original from factory, it just won't have the "intrinsic value" a factory produced car will. IMHO

01-18-2012, 02:00 PM	#13
Grimelock2009 Drives: 2010 Camaro Join Date: Mar 2009 Location: Goodyear AZ Posts: 255	If we compare the competition, you can get a 2011 GT500 with PP and Nav for about 43k.

01-18-2012, 02:14 PM	#14
motorhead Drives: Love the one you're with Join Date: Sep 2009 Location: Downtown Charlie Brown Posts: 11,850	When gas goes to $5.00 gallon, I bet you'll be able to get just about any performance car for a good price.