Why the depreciation concerns?

[zforce]

Originally Posted by garagelogic

...........As for you folks who say it doesn't matter because they will never get rid of it; never say never. I am willing and able to part with any possession I have if it means a choice between putting a roof over my family's head or food on the table. If it were to ever come to that choice, I would certainly be looking to make as much as I could on the re-sale, so that aspect most certainly matters.

Respect your statement 100%. Family always first over worldly possessions.

[MerlinZero]

I feel for this whole discussion.... too bad we're getting this awesome car during a damn recession... My trade would be worth another 6k if the market didnt suck so bad.

[trm0002]

Originally Posted by Speedy1975

All cars depreciate. That's just the way it is. A car that was $40K two years ago is worth half that today, so it's best to get the best deal you can when buying a new vehicle to lessen the loss over time.

Optimally, it has always been best to buy a two year old vehicle. At that point you're beyond the initial accelerated depreciation and just as important, still in warranty. Mind you I have never done that but it is the way to do it and take the least "hit" and risk possible.

Two years from now (or from when we actually get our Camaros) you can easily buy a used 36k MSRP Camaro for 25-26k. IMO, generally speaking, year 1 costs you 20-25% (on your normally discounted price, not MSRP), year 2-> 12-15%, year 3-5-> 8-10% per year... and even less after that. The value never goes to zero. The only difference here is most of us are going to take a slightly larger hit because we decided to agree to pay MSRP. Normally on a 36k MSRP I would fully expect to pay no more than 34k in the beginning of a model year and/or roughly 32k at the end (a leftover). So yes, in the case of this car, absolutely it has to be held onto for at least 5 years to not take a bath in the end. Won't be a problem for me. I held my last Camaro for 8 years.

[TheCaptain]

The other thing is, after someone rides/drives the new Camaro, how would they even think of selling it? lol

[garagelogic]

Originally Posted by Kyle2k

Most people rolling in GT500's don't need to worry about stuff like that. (as in it being a collector car), however I still think its ridiculous the markups dealers put on it.

I agree, which is why I refused to pay the markup. The will be dealers marking up their Camaro's, too.

[trm0002]

Originally Posted by garagelogic

I agree, which is why I refused to pay the markup. The will be dealers marking up their Camaro's, too.

There will be dealers marking them up just like the Dodge boys did with the Challenger. Difference being, this car will be mass produced. By the end of summer, around August, any ADM will be long gone IMO. MSRP may still be in effect at most dealerships but even that will disappear during winter. IMO, by March 2010 anyone will be able to go in and get what would be a "normal" deal on a Camaro- say 2000-2500 off MSRP. As long as you can wait until a year from now... Just my .02

[tjbusa]

I don't care about depreciation, I look at getting a CAMARO. And just look how much bang for the buck we are getting for MSRP. So many other performance car brands are way higher than what I'm paying...

[RT21]

Originally Posted by GothamCamaro

Amen brother, I could care less on the depreciation, I'm driving it until the engine falls out or I die.

I'm in this crowd. As a matter of fact, my GF in Orlando, when we went to see it at Epcot said, "that's the last car you will ever buy". I thought that was real perceptive of her.

As for depreciation... I have a Nissan Frontier 4x4 the I'm trading in. It will get me 5k lowest book value. I paid 18k new in 2004. I don't have 30k miles on it. I owe 6k on it now and the book is 9-11k fair market value. 12-13k if Excellent Market value.

Until the big 3 get the little things down pat (paint for one), steep depreciation will be the norm. At least GM is trying. V6 that outperforms the Ford V8 in HP and gas milage...ugh...how embarrassing.

[Speedy1975]

Sorry to say this, but all you guys saying you're not looking at depreciation at all aren't the best financial advisors. Kinda goes with the territory when buying a vehicle no matter what it is.

There is something to be said for the enjoyment of the vehicle. I call this "fun tax" but I'm not so blind to think this is the end all be all of cars to come in the future. That's quite short sighted.

[RT21]

Originally Posted by Speedy1975

Sorry to say this, but all you guys saying you're not looking at depreciation at all aren't the best financial advisors. Kinda goes with the territory when buying a vehicle no matter what it is.

There is something to be said for the enjoyment of the vehicle. I call this "fun tax" but I'm not so blind to think this is the end all be all of cars to come in the future. That's quite short sighted.

So.? Who cares. A car is not a financial investment. It should be something that helps you wake up and feel good about going to work because you are driving it there.
Why would a financial advisor even mention a "car" as an investment. The Camaro is an instant classic. This is the best Camaro since 69, so duh. Wake up. Its not about the money. It's about the Camaro. The new one that ROCKS. Who cares if it's not your "is the end all be all of cars to come in the future". That's not the point and you don't get it...so take a nap and get your BMW.

[Jinx]

Im looking forward to the depreciation. I like the idea of being able to afford one a year from now and having even more time to save up for one. Let the "me firsts" pay the markup and i will buy off of the soul who paid it.

I was looking on a G8 forum the other day, and I was amazed to see a G8 GT being for sale at 24K. So I hope to see a 1SS available in one year at a price close to that.

[zzz28zzz]

Originally Posted by RT21

So.? Who cares. A car is not a financial investment. It should be something that helps you wake up and feel good about going to work because you are driving it there.
Why would a financial advisor even mention a "car" as an investment. The Camaro is an instant classic. This is the best Camaro since 69, so duh. Wake up. Its not about the money. It's about the Camaro. The new one that ROCKS. Who cares if it's not your "is the end all be all of cars to come in the future". That's not the point and you don't get it...so take a nap and get your BMW.

Tell that to the guys at the B/J Auction last week

[Kyle2k]

Originally Posted by zzz28zzz

Tell that to the guys at the B/J Auction last week

Unfortunately that's all they are in it for... shame shame.

[PQ]

Bought my wives IS350 September 2007. Just made the 16th payment of $1500.00 and I'm just now finally getting out in front really good. I know all about depreciation and it's worth it to me. You could certainly wait and be the second owner and get a really good deal and not have basicaly 'rented' a car until you owe less than it's worth but each to his own. If it's worth it to me then it's worth it. Some people spend money on things that baffle me and I spend money on things that may baffle some. It's not like I don't still have a plan for the future. So no it's not irresponsible to ignore the lack of apreciation monetarily.