Trade in Value - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Jshadow · 06-10-2011, 08:28 PM

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.

dragon2368 · 06-10-2011, 08:34 PM

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.

woodj · 06-10-2011, 08:35 PM

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.

Trade-In/Sell Values

Trade-In
Private Party

Excellent $25,775
Good $24,375 Change condition
Fair $21,975

Get a CARFAX
Record Check go No VIN? No Problem!

Get your
New Car Price price your next car

sasquash1984 · 06-10-2011, 11:30 PM

I just sold my LT1 with 27,000 miles and got $20,000 trade

TOMS1SS · 06-10-2011, 11:54 PM

Probably 23k to 24k. Camaros are holding value really well.

upflying · 06-11-2011, 08:23 AM

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?

Buick1959 · 06-11-2011, 08:40 AM

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.

upflying · 06-11-2011, 08:44 AM

Quote:

Originally Posted by Buick1959

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.

PETRA · 06-11-2011, 08:50 AM

Quote:

Originally Posted by Buick1959

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..........

DCEPTCN · 06-11-2011, 08:54 AM

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.

upflying · 06-11-2011, 08:58 AM

Quote:

Originally Posted by TangerineDream

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.

Jshadow · 06-11-2011, 09:39 AM

Thanks for the awesome info guys!

Jshadow · 06-11-2011, 10:07 AM

Quote:

Originally Posted by upflying

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?

sasquash1984 · 06-11-2011, 10:57 AM

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

06-10-2011, 08:28 PM	#1
Jshadow 31B MP Drives: 2010 1SS CGM Camaro Join Date: Jun 2010 Location: Virginia Beach Posts: 597	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. __________________ 2016 Red Hot 2SS soon....

06-10-2011, 08:35 PM	#3
woodj Drives: 2SS/RS RJT Vert Join Date: Mar 2011 Location: Madison, AL Posts: 658 View My Garage	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. Trade-In/Sell Values Trade-In Private Party Excellent $25,775 Good $24,375 Change condition Fair $21,975 Get a CARFAX Record Check go No VIN? No Problem! Get your New Car Price price your next car __________________ K&N Typhoon CAI, Flowmaster Outlaw axle backs, Vertini 20" Wheels, Sparks Restorations SS Emblems, GM Wind Restrictor, Splash Guards

06-10-2011, 11:30 PM	#4
sasquash1984 502 RWHP N/A Drives: The yeti Join Date: May 2009 Location: Saginaw/ Ft Worth TX Posts: 3,085 View My Garage	I just sold my LT1 with 27,000 miles and got $20,000 trade __________________ factory motor factory trans, Gpi ss4 cam stock heads ported and milled, full exhaust, circle d 5c 4000 triple disk, 3:91 rear end with posi mod, cai, bmr derlin rear diff bushins, bmr derlin cradle bushins, bmr trailing arms, toe rods with bushings, and bmr anti extreme sway bar. Weld rt-s 17x5 fronts and 17X10 rears on mickey thompson et street r's

06-10-2011, 11:54 PM	#5
TOMS1SS Drives: NA Join Date: Aug 2010 Location: NA Posts: 12,126 View My Garage	Probably 23k to 24k. Camaros are holding value really well. __________________ El funcionario señor de los desiertos de Mojave y Sonora.

06-11-2011, 08:23 AM	#6
upflying Drives: '86 Monte Carlo SS Join Date: Nov 2010 Location: Reno, NV Posts: 3,119	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.

06-10-2011, 08:34 PM	#2
dragon2368 Dragon2368 Drives: 2010 Camaro 2SS IOM Join Date: Sep 2010 Location: Ewing Ky Posts: 113	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.

06-11-2011, 08:40 AM	#7
Buick1959 Drives: '11 SS RS LS3 IOM conv Join Date: Mar 2011 Location: Long Island, New York Posts: 23	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.

06-11-2011, 08:54 AM	#10
DCEPTCN Smasher Devourer Drives: 2010 1SS, 1983 T Type Limited Join Date: May 2011 Location: Edgewood, New Mexico Posts: 39	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. __________________ 2010 1SS, VR 1983 T-Type Limited...Under construction 1987 Grand National, stock...sold 1987 Grand National, modded...sold

06-11-2011, 09:39 AM	#12
Jshadow 31B MP Drives: 2010 1SS CGM Camaro Join Date: Jun 2010 Location: Virginia Beach Posts: 597	Thanks for the awesome info guys! __________________ 2016 Red Hot 2SS soon....

06-11-2011, 10:57 AM	#14
sasquash1984 502 RWHP N/A Drives: The yeti Join Date: May 2009 Location: Saginaw/ Ft Worth TX Posts: 3,085 View My Garage	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 __________________ factory motor factory trans, Gpi ss4 cam stock heads ported and milled, full exhaust, circle d 5c 4000 triple disk, 3:91 rear end with posi mod, cai, bmr derlin rear diff bushins, bmr derlin cradle bushins, bmr trailing arms, toe rods with bushings, and bmr anti extreme sway bar. Weld rt-s 17x5 fronts and 17X10 rears on mickey thompson et street r's

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