02-26-2010, 02:27 AM | #1 |
(In Z/28 Therapy)
|
OK, I need Z/28 Therapy PLEASE HELP!!!
:(OK.
I've been out of the picture for a while now. Most of the tenured members on here know me as a huge Z/28 honk. But I've been getting this horrible fever, an insatiable desire to own a Camaro. I don't think I can wait any longer. Sure, I not ready to buy a Z/28 now, but I may be by early 2012. I only say that because I have a feeling the Z is going run in the 50k's, I can easily trade in my RX-8 and get my SS with $2000 down and get at least $8000 or more for my RX-8. I only buy the best but I don't like too many bells and whistles so I'm eyeballing a Manual 2SS RS, no sunroof, no 22's, maybe some stripes. $37,000 new or about $31,000 used. However, I still intend to get a Z/28. I'm sure I'll be able to do this in a couple of years. But, I just can't wait any longer. I figure this much, I'm Finance guy so this is what I'm looking at: First Case: New 2SS/RS $37,000 -$2000, - $8000 in trade = Present Value of $27000 PV= $27,000 Interest= 7% APR or .5833 APY (car Loans really go by this monthly compound) Future value= $0 Period = 60 months Payment = $534.63 Second case: USED 2SS/RS $31,000 -$2000, - $8000 in trade = Present Value of $21000 PV= $21,000 Interest= 7% APR or .5833 APY (car Loans really go by this monthly compound) Future value= $0 Period = 60 months Payment = $415.82 So, after 24 monthly payments if I buy the car by the end of the year will leave me in Dec of 2011 or Jan 2012, leaves me with a balance of $17000 on the NEW Camaro or about $13,000 on the USED. Do you think it will have enough equity to trade in for a Z/28? Or should I just wait for the Z/28 to come out? If I wait, I'll lose a lot of trade in value on the RX-8. I really am killing myself over this. I have a fever, and only thing that can cure it is more Camaro. What should I do?? Should I drop the whole Z/28 thing? Should I just go buy an SS and the Hell with the Z? Should I wait? Will my plan work? Does Charlie Daniels play a mean fiddle? Help me! I need therapy from any one! Owners, prospective buyers, fellow Z/28 honks. Please guide me. I am at your whim. :(
__________________
Jesus said to her, “I am the resurrection and the life. He who believes in me will live, even though he dies; and whoever lives and believes in me will never die.”
|
02-26-2010, 08:13 AM | #2 |
Okie doke
|
If you really want the Z/28 I say wait, save, and get what you want!! If you get the SS now and then can't swing the Z/28 later because of it, you may regret it. If you save and either the Z/28 doesn't come out or something else happens, you can always get SS and then begin mods to make your own Z/28
Crowley
__________________
|
02-26-2010, 08:14 AM | #3 |
Drives: RSSS Join Date: Dec 2009
Location: DFW
Posts: 2,492
|
If you buy the new, probably not. You might have a chance with the used. Sure, you'll still be able to trade either in for the Z, but will you have the equity/debt that they'll be looking for to get you a fair price on the Z? Plus, you're assuming this is when the car is coming out, could be later or sooner. If you wait, your cars value will depreciate even more so you wont get as much for it... BUT you could have a bigger chunk for a down payment. Personally if I were THAT much into the Z/28 I'd wait.
I'm not though, so I didn't. |
02-26-2010, 10:06 AM | #4 |
The magic smoke genie....
Drives: Jewels (2010 RJT 1SS) Join Date: Dec 2009
Location: Escondido, CA
Posts: 2,294
|
Yes, Charlie Daniels plays a mean fiddle.
Hope that helps. |
02-26-2010, 10:16 AM | #5 |
Drives: RSSS Join Date: Dec 2009
Location: DFW
Posts: 2,492
|
|
02-26-2010, 10:22 AM | #6 |
Moderator
|
Regardless of your trade, you will have lost a lot of money in the process. Along the way, you will have been driving a Camaro. Is a Camaro worth a massive loss of savings in between buying the first Camaro and buying another Camaro as soon as 2 years from now?
Another question I like to pose—is an emblem that says "Z28" worth thousands of dollars more than it would cost to build an aftermarket powertrain with similar power? Assuming that a Z28 does exist in the next couple of years, would it be worth buying for you? Is it really worth the wait when you could have the same power now? Of course, GM will design a crushing entry to the high-end pony car market, but does it fit your needs? You could do the same thing with an engine swap when your warranty expires, a superior aftermarket suspension, and a built drivetrain, all for less with stronger parts. How badly do you want a name, the Z28, on your car? How badly do you want to be fast? How much do you want to spend? Which of these is most imporant?
__________________
RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet//
Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban |
02-26-2010, 10:23 AM | #7 |
Camaro SL,UTs
Drives: 2010 Camaro SS/RS #16429 Join Date: Sep 2006
Location: South Jordan, UT
Posts: 7,358
|
Buy a SS, Supercharge it. Upgrade the suspension with some sways and drop springs.
Move on..life's too short.
__________________
|
02-26-2010, 10:40 AM | #8 |
Drives: 2010 SS , 1970 Z-28, 2002 Avalanche Join Date: Aug 2009
Location: Michigan
Posts: 2,524
|
OK, the way I see it, I know how you feel about having the need/want to get one now but you really want the Z-28 but, on your first case you said that your monthly payment would be around $535 and that is with $2000 down and your trade. Then you want to trade it in for the Z-28 in 2012 because this is the car you REALLY want. If I were you, and this is just my thought process, I would start banking the $535 each month in your savings along with the $2000 you already have and by this time in 2012 you would have around $14,800 saved for a down payment plus what ever you get for your trade at that time and you would be getting the car you REALLY want. I understand how you feel but I always have said, "If it is worth having, it's worth waiting for!" OR, if you really really want the car that bad, do like SSOOCH said and by the SS, do all the mods and have more than likely a faster car for about the same money. I too wanted the Z-28 but now that I have the SS I have no plans on getting the higher priced Z-28.
__________________
IF IT'S WORTH HAVING, IT'S WORTH WAITING FOR!!!! (AND IT WAS)
434RWHP/403RWTQ Livernois Motorsports 2C Cam kit Kooks 1 7/8 LT Headers/Hi-Flo Cats/Corsa Exhaust Roto-Fab CAI / Port Intake Precission 2400/2800 Converter/3.73 AAM gears Livernois Motorsports Tune Best time: 11.97 @ 117 MPH |
02-26-2010, 11:00 AM | #9 |
Drives: '11 Chevy crew cab. '14 black 1LE Join Date: Dec 2009
Location: Missoula MT
Posts: 147
|
If the rx8 is paid for, I'd continue to save more cash, you can probably save faster than the car depreciates, then buy the z-28 when it comes out. If you have payments on the RX8, I would step up and buy the SS now, then revisit your options when the Z-28 comes out. Maybe you don't buy the z the very first second it's available.
|
02-26-2010, 11:02 AM | #10 | |
Drives: Callaway Rogue Join Date: Jul 2009
Location: W8n 4 Snow, Minnesota
Posts: 4,738
|
Quote:
Why go Camaro less for 2 more years. IF the z/28 gets made, it will be out late 2011. which means delivery in early 2012. Why wait another 2 years not to have the car. You never know what the future holds and you only live once. |
|
02-26-2010, 02:08 PM | #11 |
Account Suspended
|
It still won't be a Z28. You can do heads and cam on a C6 and beat a Z06 but it will never be a Z06. The Z28 should be more than just an engine and suspension. I go with the used SS if you can swing it. I bought new, but I'm hoping to at least break even when I sell (get as much as I owe) in a few years.
|
02-26-2010, 02:14 PM | #12 |
Drives: 2010 2SS IOM L99 Join Date: Jan 2010
Location: LOUISVILLE,KY..
Posts: 7,545
|
life is short.buy now!
|
02-26-2010, 02:26 PM | #13 |
Petro-sexual
|
If it means that much, I'd try to wait. I could've pushed to get an SS last year, but I preferred to hold out until this (hopefully) comes out.
Save that $$$ for a down payment and some mods'
__________________
'20 ZL1 Black "Fury" A10, PDR, Exposed CF Extractor Magnuson Magnum DI TVS2650R // RFBG // Soler 103 // TooHighPSI Port Injection // THPSI Billet Lid // FF // Katech Drop-In // PLM Heat Exchanger // ZLE Cradle bushings // BMR Chassis-Suspension Stuff // aFe Bars // Diode Dynamics LEDs // ACS Composites Guards // CF Dash // Aeroforce // tint // other stuffs |
02-26-2010, 03:54 PM | #14 |
(In Z/28 Therapy)
|
I love the advice. I'm leaning torwards taking a chance on buy an SS but I do want the Z/28. But I love the only live once argument. If the Z gets made and its a hit, then there should be another year of it. But boy I am
Maybe someone can chime in from the big boys, what is the harm in putting out an MSRP a year before production? Why do it 3 months before? I'm going to wait until late 2010. Honestly, money is the biggest issue. My next car will be a Camaro come hell or high water. I don't care if I win the lottery then there won't be an issue I'll buy one for every day of the week. I've been a sound planner for a long time. I've adjusted my lifestyle and attainted degrees so that there would never be an issue in my passion for cars. I deserve to buy the car but my lust for the badge kills me. I stare at a Camaro everytime I get my coffee at Dunkin Donuts. It's sick too. To the Ice Blue SS/RS with Hockey Stripes at the corner of Cross Creek and Moriss Bridge in N. Tampa, I envy you, love you and hate you. But it's all good. However, like I Black5thgen said, if I can break even I'm good and it's A Z/28!
__________________
Jesus said to her, “I am the resurrection and the life. He who believes in me will live, even though he dies; and whoever lives and believes in me will never die.”
|
|
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
PWA "The Lounge" | DGthe3 | Off-topic Discussions | 143773 | 11-06-2010 11:00 AM |
Al Oppenheiser on Z/28..... | ShnOmac | Camaro ZL1 Forum - ZL1 Specific Topics | 126 | 04-29-2010 03:26 AM |
Decision Matrix: SS vs Z/28 | sen10l | 5th Gen Camaro SS LS LT General Discussions | 12 | 02-19-2010 05:45 PM |
My theory about the Z/28 | GM4lyfe | Camaro ZL1 Forum - ZL1 Specific Topics | 36 | 09-30-2009 06:39 PM |
2011 Z/28 Camaro "Reality" | IROCZJEFF | 5th Gen Camaro SS LS LT General Discussions | 55 | 09-16-2008 12:55 AM |