Depreciation Thoughts - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

GaryTucker · 07-09-2010, 09:38 AM

Go look at what a 2002 Camaro is selling for today...that's a good guesstimate.

2010SLVRBULIT · 07-09-2010, 09:47 AM

you take a loss once you drive it off the lot. 1/2 it's MSRP w/ say 50k miles(5yrs from now) for the v8, less for the v6, would be my guess..

John Shields · 07-09-2010, 09:51 AM

Quote:

Originally Posted by Days75

According to KBB its keeping value to pretty good so far.

Cracks me up that the 20"+ wheels actually take the value down some.

I don't know what to think of the Blue Book... someone looked up a 1SS stock, and 1SS with 5,000 miles on it... the used car had more of a value than the new one is what he said. That sounds silly to me, and makes me question the book.

ga0358 · 07-09-2010, 09:51 AM

Quote:

Originally Posted by mhood

Depreciation is only a concern if you sell and that is something I do not plan to do...

Same here. I've sold or traded in every car I've ever owned, but THIS one's MINE forever!

VTXrider · 07-09-2010, 09:53 AM

Most cars loose about 50% of their value over 4 years and half again over the next 4 years then the depreciation slows. This would suggest that in 8 years it would be worth 25% of MSRP. So far Camaro has depreciated slower and indications are it will be on the good side of the range for depreciation. I still would not expect more than 35% of MSRP after 8 years. So a 2SS that was $36 new will be worth around $12-13

*The_Blur* · 07-09-2010, 09:56 AM

You car will be completely worthless. You should sell it to me for a nickel today before it loses any more value and I offer three pennies.

Seriously, all cars are mechanical creations that wear and break over time. This inherent fact makes them lose value as their parts deteriorate. More miles and more time both wear on the vehicle. For most cars, their value never returns to what it was or even close. A good restoration on a classic 30 years later might net its value back only if the vehicle is a high-demand legend of its time. 7 years from now, the Camaro will be worth less than it is now. It will probably be a lot less than it is now, depending on miles and condition.

Eric's Blue · 07-09-2010, 10:00 AM

One thing to consider is we bought these cars new in a relatively bad economy. Lets be honest if this car had been made in the Clinton Era, we would see them everywhere. I would imagine the demand for a new car is down due to the economy and just from listening to car salesman gripe about it. This may temporarily push up the demand and price of a used car for sometime. I just hope we dont flood the roads like Mustangs. If its our daily driver, well we got our 4 or 5 years out of it with some equity. I d like to be able to have 33% of the equity by the time it paid off. I guess we can also consider the possibility that this is will be the new classic. Someone's project car in 2050. I think the future memories of how much we loved this car will be priceless. We can tell some kid why is solar powered electric car is POS.. etc.

On the note, I feel bad for people who pay a monthly car payment who dont love their car...

jagan323 · 07-09-2010, 10:41 AM

Im happy with my car right now. Heck, its WAY better than my FIRST car. a NISSAN VERSA. You think i enjoyed paying monthly for a small car that I didnt like? LOL. I think about depreciation as well.. but then again, I'm one of those people who think about the now and present. I'm gonna enjoy my car while it lasts, and when the time comes for me to "Sell" the car, we'll cross that bridge

shinzon · 07-09-2010, 12:41 PM

I put on 5500 miles in three months at that rate of 22k a year , in 7 years my SS will have 154,000k miles.

What is it worth then ?

SQUAT ~

Jefe's SS · 07-09-2010, 01:13 PM

Rule of thumb. 20% once it leaves the lot. 10% every year there after.

2010 SSRS · 07-09-2010, 01:27 PM

keep the car in mint shape and low mileage will keep the value.

greenrail · 07-09-2010, 01:28 PM

Depreciation, is something you live with no matter what new car you buy. It was not even on my list of concerns when I ordered mine.

I bought it for the sheer enjoyment. Been down that road to many times in my life.

Enjoy the car. To me the fact that it is a gorgeous, drop dead vehicle, is enough!

ssummit camaro · 07-09-2010, 02:41 PM

the 5th gen will take a hit once the 6th gen comes out

LS1owner · 07-09-2010, 02:49 PM

7-8 years is a long time and a lot of miles It will be worth some dollars, but nothing close to new.

07-09-2010, 09:53 AM	#19
VTXrider Drives: 2010 RY 2SS/RS Join Date: Dec 2007 Location: Miami Posts: 817	Most cars loose about 50% of their value over 4 years and half again over the next 4 years then the depreciation slows. This would suggest that in 8 years it would be worth 25% of MSRP. So far Camaro has depreciated slower and indications are it will be on the good side of the range for depreciation. I still would not expect more than 35% of MSRP after 8 years. So a 2SS that was $36 new will be worth around $12-13 __________________

07-09-2010, 09:56 AM	#20
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,769	You car will be completely worthless. You should sell it to me for a nickel today before it loses any more value and I offer three pennies. Seriously, all cars are mechanical creations that wear and break over time. This inherent fact makes them lose value as their parts deteriorate. More miles and more time both wear on the vehicle. For most cars, their value never returns to what it was or even close. A good restoration on a classic 30 years later might net its value back only if the vehicle is a high-demand legend of its time. 7 years from now, the Camaro will be worth less than it is now. It will probably be a lot less than it is now, depending on miles and condition. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

07-09-2010, 10:00 AM	#21
Eric's Blue Drives: Cybergray 1SS Join Date: May 2010 Location: Temple - West GA Posts: 565	One thing to consider is we bought these cars new in a relatively bad economy. Lets be honest if this car had been made in the Clinton Era, we would see them everywhere. I would imagine the demand for a new car is down due to the economy and just from listening to car salesman gripe about it. This may temporarily push up the demand and price of a used car for sometime. I just hope we dont flood the roads like Mustangs. If its our daily driver, well we got our 4 or 5 years out of it with some equity. I d like to be able to have 33% of the equity by the time it paid off. I guess we can also consider the possibility that this is will be the new classic. Someone's project car in 2050. I think the future memories of how much we loved this car will be priceless. We can tell some kid why is solar powered electric car is POS.. etc. On the note, I feel bad for people who pay a monthly car payment who dont love their car... __________________ "Thou shalt not covet thy neighbor's SS"

07-09-2010, 10:41 AM	#22
jagan323 I have no life Drives: 06' Subaru STI, ex-Camaro V6 LLT Join Date: Apr 2010 Location: Top Gear Test Track Posts: 3,189	Im happy with my car right now. Heck, its WAY better than my FIRST car. a NISSAN VERSA. You think i enjoyed paying monthly for a small car that I didnt like? LOL. I think about depreciation as well.. but then again, I'm one of those people who think about the now and present. I'm gonna enjoy my car while it lasts, and when the time comes for me to "Sell" the car, we'll cross that bridge __________________ List of Camaro DIY The Blog

07-09-2010, 12:41 PM	#23
shinzon Night Fury Drives: 2014 ZL1 Join Date: Aug 2008 Location: Isle of Birk Posts: 747	I put on 5500 miles in three months at that rate of 22k a year , in 7 years my SS will have 154,000k miles. What is it worth then ? SQUAT ~ __________________ 2014 Black ZL1 - Toothless - Previous Lovers :2014 1LE , 2010 2SS RS,2004 GTO, 2000 Camaro SS x 2

07-09-2010, 09:38 AM	#15
GaryTucker Drives: 09 Vette GT1, 06 350Z, 82 MSE Join Date: Jul 2009 Location: Oklahoma Posts: 573	Go look at what a 2002 Camaro is selling for today...that's a good guesstimate.

07-09-2010, 09:47 AM	#16
2010SLVRBULIT Drives: G5(LLT) & C6(LS3) Join Date: Apr 2009 Location: MARS Posts: 7,527 View My Garage	you take a loss once you drive it off the lot. 1/2 it's MSRP w/ say 50k miles(5yrs from now) for the v8, less for the v6, would be my guess..

07-09-2010, 01:13 PM	#24
Jefe's SS Drives: 2010 2SS/RS IOM L99 Join Date: Jul 2010 Location: Thornton, CO Posts: 339	Rule of thumb. 20% once it leaves the lot. 10% every year there after.

07-09-2010, 01:27 PM	#25
2010 SSRS Drives: 3 V8 Camaros Join Date: May 2009 Location: The Ocean State Posts: 111,187 View My Garage	keep the car in mint shape and low mileage will keep the value. __________________ Jannetty Racing JRE Street Package

07-09-2010, 01:28 PM	#26
greenrail Comic Curmudgeon Drives: 2010 Camaro 2SS-2010 VW CC Sport Join Date: Mar 2008 Location: Near Chicago, IL Posts: 2,395	Depreciation, is something you live with no matter what new car you buy. It was not even on my list of concerns when I ordered mine. I bought it for the sheer enjoyment. Been down that road to many times in my life. Enjoy the car. To me the fact that it is a gorgeous, drop dead vehicle, is enough! __________________ Member Illinois Camaro Club His Name is Rosie - "Speak Softly and Carry a Big Stick!" - If you know who said that, then you know the genesis of his name.

07-09-2010, 02:41 PM	#27
ssummit camaro Drives: 2013 1LE on order TPW 12/31 Join Date: Jan 2010 Location: El Paso, Texas Posts: 882	the 5th gen will take a hit once the 6th gen comes out __________________

07-09-2010, 02:49 PM	#28
LS1owner Drives: 2000 Camaro SS- SOLD!! Join Date: Jun 2010 Location: USA Posts: 304	7-8 years is a long time and a lot of miles It will be worth some dollars, but nothing close to new.

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