11-03-2016, 10:13 AM | #1 |
Drives: C6 Corvette Join Date: Sep 2013
Location: Tampa, FL
Posts: 1,264
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Depreciating value already?
Randomly found this on CL today when I typed in Camaro SS. It is a 2016 SS for 31k.
http://tampa.craigslist.org/pnl/cto/5858734938.html This is what gets me...if there really is nothing wrong with this car, why the heck is it so low already? I couldn't open the Carfax on it but it does say 5 reports have been made on it. If this is legit, does it mean that dealers are already screwing Gen6 owners on their value? Im pretty sure the Gen5 had a couple years before dealers were selling them below value.
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2008 C6 m6. Carbon creations front/rear carbon fiber wodebody fenders. Carbon fiber hood carbon fiber roof hoop carbon fiber zr1 extreme spoiler. NW 102mm tb. Ported intake manifold. Cometic .040 head gaskets. LG motorsports G6x3 cam. DSX flex fuel sensor. AEM methanol kit. Z06 brakes. Ebiach sway bars. ZR1 rep wheels and Nitto Invo tires. Monster stage 3 twin disc clutch. MGW short shifter. Corbeau race seats. Gforce race harnesses. SLP loudmouth 2 mufflers. Carbon fiber exhaust tips. RPM stage 4 transmission and Stage 3 rear diff. 3.73 gears. Vararam cai. Kooks 1 7/8 headers and x-pipe.
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11-03-2016, 10:19 AM | #2 |
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The second you drive these cars off the lot they lose 25 to 30% of their value.
After that they hold it pretty well. Best bet, be the second owner. |
11-03-2016, 10:32 AM | #3 |
Drives: LT W/2LT,blue metallic Join Date: Jul 2016
Location: central florida
Posts: 4,916
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yes,get a certified used one from chevy and get the bumper to bumper warrantee.when i bought mine the dealer had 15 gen 5 camaros on the lot.you didnt save a whole lot by getting an earlier one with more miles so i went for a barely used 2015 with 8,000 miles on it and was still under warrantee.
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11-03-2016, 10:37 AM | #4 |
Drives: C6 Corvette Join Date: Sep 2013
Location: Tampa, FL
Posts: 1,264
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25-30% seems high but this is even more reason to not buy a new Camaro if 31k really is going to be a normal price for resale already. Take your 40k and buy a used C7 or C6z and you wont lose out for a long time.
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2008 C6 m6. Carbon creations front/rear carbon fiber wodebody fenders. Carbon fiber hood carbon fiber roof hoop carbon fiber zr1 extreme spoiler. NW 102mm tb. Ported intake manifold. Cometic .040 head gaskets. LG motorsports G6x3 cam. DSX flex fuel sensor. AEM methanol kit. Z06 brakes. Ebiach sway bars. ZR1 rep wheels and Nitto Invo tires. Monster stage 3 twin disc clutch. MGW short shifter. Corbeau race seats. Gforce race harnesses. SLP loudmouth 2 mufflers. Carbon fiber exhaust tips. RPM stage 4 transmission and Stage 3 rear diff. 3.73 gears. Vararam cai. Kooks 1 7/8 headers and x-pipe.
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11-03-2016, 11:15 AM | #5 |
Just an average Dude
Drives: 2015 1LT Grey w/Orange Rally Stripe Join Date: Mar 2016
Location: Hickory, NC
Posts: 391
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Hardly any one wanted a 2016 when it was new so they will depreciate even faster than most cars used. Why do you think the 2017's have been out for months already and the 2015's ran production until Dec 2015?
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So far I like my car the way it came from the factory.
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11-03-2016, 11:16 AM | #6 |
Drives: Used to be 2012 Camaro 2SS/RS L99 Join Date: Jan 2012
Location: Northern VA
Posts: 636
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Some members on Gen6 forum got their brand new 2016 1SS for $29,xxx so for a used one this is not a low price. In fact is a bit higher LOL. Some of the 2016 gets 20% off MSRP and a few even more as the dealers try to move the huge stock left as a result of much lower sales than expected. Great deals can be done if one can find a discounted Gen6 with the options he/she can live with.
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BEE used to have MyLink with NAV Black 10 spoke FR41 wheels (ZL1 Replica) Roto-fab CF CAI / Scoop and Washer Bottle Relocation KIT Vmax yellow painted ported TB Solo HF Cats with Kooks 2.5" catback SLP Replica Spliter, CF Stripes and CF bowties Hawk ceramic brake pads OEM Strut Tower Brace - Yellow Plastidip Range device - AFM Delete Halo/DRL Harness (Halo/DRL on day and night while driving) Engine Cover/Air Compressor Delete |
11-03-2016, 11:55 AM | #7 |
Drives: C6 Corvette Join Date: Sep 2013
Location: Tampa, FL
Posts: 1,264
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okay so knowing the Gen6 SS are already going for low 30s and possibly high 20s with a good deal worked out...how many people are keeping their Gen5? For 30k you really get a lot of performance but lose in the looks. hmmmmmm
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2008 C6 m6. Carbon creations front/rear carbon fiber wodebody fenders. Carbon fiber hood carbon fiber roof hoop carbon fiber zr1 extreme spoiler. NW 102mm tb. Ported intake manifold. Cometic .040 head gaskets. LG motorsports G6x3 cam. DSX flex fuel sensor. AEM methanol kit. Z06 brakes. Ebiach sway bars. ZR1 rep wheels and Nitto Invo tires. Monster stage 3 twin disc clutch. MGW short shifter. Corbeau race seats. Gforce race harnesses. SLP loudmouth 2 mufflers. Carbon fiber exhaust tips. RPM stage 4 transmission and Stage 3 rear diff. 3.73 gears. Vararam cai. Kooks 1 7/8 headers and x-pipe.
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11-03-2016, 12:20 PM | #8 |
Drives: LT W/2LT,blue metallic Join Date: Jul 2016
Location: central florida
Posts: 4,916
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bought my gen 5 in august .i like the looks better,and it somehow feels more solid to me.got to drive a gen 6 for 5 days while the dealer fixed my TPMS,and while it was fun to drive i wouldnt be willing to swap my gen 5 for one.
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11-03-2016, 12:56 PM | #9 | |
Drives: 2015 BLK 1SS LS3 M6 NPP Join Date: Aug 2015
Location: Atlanta
Posts: 212
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Quote:
Not knocking the gen 6 at all. It's a nice car. So is the 5th gen. The interior is nicer, but much smaller and less practical. I need the room with kids. The technology is cool but I bought mine because of its throwback, retro design. I also got it because of its looks which to me are just far cleaner and more timeless. Outside of the front end, I could not warm up to the looks. I also think once a gen 5 adds wheels and aero, it's about the meanest looking sob on the road. The performance of the 6 gen is good. I feel I will be flamed but it honestly didn't feel world's faster than the ls3. FBO and geared ls3 SS felt slightly faster. Cammed gen 5 feels significantly faster. Easy to mod an lsx if that's your concern. Smaller and lighter yes, the small steering wheel helps with the handling feel some. I enjoyed the manual far more than the a8 as well. Almost felt like an MGW short shifter, good feel and rev match would be cool for traffic. Clutch very light. I'm biased to manuals, not drinking the a8 koolaid. These cars are not world's apart as some on the other forum would have you to believe. The stock gen 6 is slow just like the stock gen 5 or any other stock dd type cars. Their fun, sound good, look good but not fast IMHO. Quick on the street yes but anybody that's been on a bike or raced competitively would have a different perspective. I wouldn't trade the car solely for performance. But I'm also a Technician so I could care less about voiding my warranty when is time. Sorry for the long response.
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2015 BLK/BLK 1SS LS3 M6, NPP, NAV, Tint
2017 GMC Acadia 1983 Monte Carlo 5.3 LS Swap |
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11-03-2016, 02:30 PM | #10 |
Drives: SUMMIT WHITE 2SS/RS CAMARO Join Date: Feb 2008
Location: 2018: Lakewood Ranch, Fl.
Posts: 8,113
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If you don't want to take a huge hit you have to keep these cars for a few years.
I paid $38,000 MSRP for my fully loaded 2SS back in June of '09. It's still worth about $18,000. $20,000 depreciation in 7 years = about $3,000 a year. Not bad IMO.
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11-03-2016, 03:43 PM | #11 | |
Drives: 20’ Chevrolet Camaro 2SS 1LE Join Date: Jan 2009
Location: San Diego
Posts: 1,577
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Quote:
All cars depreciate! See KellyBluebook.com
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11-03-2016, 04:57 PM | #12 |
H-Town Camaro Club
Drives: 2013 Dusk Edition 2SS/M6/Sun/NPP Join Date: May 2014
Location: Houston
Posts: 2,234
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Way way way too high, worth maybe $27k.
I had beads on both '16 and '17 loaded untitled 1SS/2SS's for $31k/$35k as of last week.
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11-03-2016, 05:22 PM | #13 |
El Duderino
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I see new 2SS advertised as low as 32k. Far more desirable IMHO.
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I bowl. Drive around. The occasional acid flashback.
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11-03-2016, 05:34 PM | #14 |
slower than you
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Keeping mine. I've got too much happily sunk into it at this point (and more plans in the future) to bail out now for a 2017 1LE or anything.
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