Why the depreciation concerns? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

kalel · 01-26-2009, 01:35 PM

I am not one of these guys who thinks this car is going to turn into a collectors item, but I don't get the depreciation thing!

Why would this car depreciate any more than any other car? If electric vehicles take over, than gas demand will go down. If demand is low and supply is high, than gas prices will remain somewhat reasonable.

It seems like some people think that this car is going to be worth less than the value of the scrap metal itself in a few years.

TheCaptain · 01-26-2009, 01:36 PM

heh. I don't care about depreciation. I will own the car till either it or i die!

Plus people can't be all happy all the time. They have to be doombringers to every party.

Speedy1975 · 01-26-2009, 01:36 PM

Quote:

Originally Posted by kalel

I am not one of these guys who thinks this car is going to turn into a collectors item, but I don't get the depreciation thing!

Why would this car depreciate any more than any other car? If electric vehicles take over, than gas demand will go down. If demand is low and supply is high, than gas prices will remain somewhat reasonable.

It seems like some people think that this car is going to be worth less than the value of the scrap metal itself in a few years.

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.

GothamCamaro · 01-26-2009, 01:39 PM

Quote:

Originally Posted by TheCaptain

heh. I don't care about depreciation. I will own the car till either it or i die!

Plus people can't be all happy all the time. They have to be doombringers to every party.

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

2010 SS · 01-26-2009, 02:19 PM

Quote:

Originally Posted by TheCaptain

I will own the car till either it or i die.

Let's just hope those two happenings are un-related.

*GTAHVIT* · 01-26-2009, 02:26 PM

I'm gonna have this car for a very long time.... Not sweating it.

*radz28* · 01-26-2009, 02:36 PM

Quote:

Originally Posted by TheCaptain

heh. I don't care about depreciation. I will own the car till either it or i die!

Plus people can't be all happy all the time. They have to be doombringers to every party.

Quote:

Originally Posted by gtahvit

I'm gonna have this car for a very long time.... Not sweating it.

I don't plan on selling the car. Unless, for some reason, I'm not happy with the car (very unlikely), or a better model comes out, I'm not planning on getting rid of it. I have to always have at least one Camaro in my garage

kalel · 01-26-2009, 02:36 PM

I am expecting the usual car depreciation. There are some recent posts though that have stated that the car will be worthless in a few years. I tried to respond in one of them but the thread was locked.

I plan on having mine for many years.

Redwolf20 · 01-26-2009, 03:37 PM

Cars depreciate...fact of life. For all these doomsayers making these predictions, can I have lottery numbers for the next drawing please?

camaro5 · 01-26-2009, 04:33 PM

I understand and accept the depreciation.

For reference, you can get a Pontiac G8 GT for $22,000 with low miles after only 10 months on the market. About a 33% drop in 10 months.

paulv7260 · 01-26-2009, 04:52 PM

Quote:

Originally Posted by TheCaptain

doombringers

Awesome name for a heavy metal band.

garagelogic · 01-26-2009, 05:09 PM

Quote:

Originally Posted by kalel

I am not one of these guys who thinks this car is going to turn into a collectors item, but I don't get the depreciation thing!

Why would this car depreciate any more than any other car? If electric vehicles take over, than gas demand will go down. If demand is low and supply is high, than gas prices will remain somewhat reasonable.

It seems like some people think that this car is going to be worth less than the value of the scrap metal itself in a few years.

The car is made by Chevrolet. Until the mindset of the average American consumer changes towards domestic-built cars, their re-sale is going to suffer more than it would for a equally-priced foreign competitor.

It won't matter how nice, how powerful or how trendy the car is, it will decline dramatically in value once you drive it home. Sucks, but that's just the way it is.

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.

Kyle2k · 01-26-2009, 05:12 PM

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.

zforce · 01-26-2009, 05:16 PM

My intention is to keep it and pass it on to one of my children hoping that they too have an appreciation for what it takes to create a fine peace of machinery like this Camaro. In my eyes it will be worth every penny I pay for it on the first day and it same will be true 20 years from now. Don't sweat the small stuff. Why worry about the loss before you get it? How can you put a price on the good times you are going to have in it? if you are looking for an investment, than I don't know what to say to you but if you are looking for machine that you can look over day in and day out and each time say "wow how did they think of that to get the extra performance?" Than I believe this is the car for you. Just look at the spec sheets and everything the GM people are saying about this car. From the designer in Australia to the production line in Canada, this car is world class.

01-26-2009, 01:35 PM	#1
kalel Drives: 2018 2SS 1LE Join Date: Oct 2008 Location: Utah Posts: 128	Why the depreciation concerns? I am not one of these guys who thinks this car is going to turn into a collectors item, but I don't get the depreciation thing! Why would this car depreciate any more than any other car? If electric vehicles take over, than gas demand will go down. If demand is low and supply is high, than gas prices will remain somewhat reasonable. It seems like some people think that this car is going to be worth less than the value of the scrap metal itself in a few years.

01-26-2009, 01:36 PM	#2
TheCaptain N7 Spectre Drives: 14 ATS Performance 3.6L AWD Join Date: Jul 2008 Location: Moosomin, Saskatchewan, Canada Posts: 2,734 View My Garage	heh. I don't care about depreciation. I will own the car till either it or i die! Plus people can't be all happy all the time. They have to be doombringers to every party. __________________

01-26-2009, 02:26 PM	#6
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,444 View My Garage	I'm gonna have this car for a very long time.... Not sweating it. __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

01-26-2009, 04:33 PM	#10
camaro5 Drives: X-15 Velocipede Join Date: Mar 2008 Location: SW Florida Posts: 4,637	I understand and accept the depreciation. For reference, you can get a Pontiac G8 GT for $22,000 with low miles after only 10 months on the market. About a 33% drop in 10 months. __________________ Go from the presence of a foolish man, when thou perceivest not in him the lips of knowledge General Motors ASEP, A.S. Automotive Technology, Telecommunications Specialist, CISCO Network Engineer STANDARD DISCLAIMER camaro5 is furnishing this information "as is". camaro5 does not provide any warranty of the information whatsoever, whether express, implied, or statutory, including, but not limited to, any warranty of merchantability or fitness for a particular purpose or any warranty that the contents of the information will be error-free.

01-26-2009, 05:12 PM	#13
Kyle2k LVL 50 Troll Stomper Drives: 2010 Camaro Join Date: Feb 2008 Location: Indianapolis Posts: 3,463	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. __________________ Last edited by Kyle2k; 01-26-2009 at 05:33 PM. Reason: clarification

01-26-2009, 02:36 PM	#8
kalel Drives: 2018 2SS 1LE Join Date: Oct 2008 Location: Utah Posts: 128	I am expecting the usual car depreciation. There are some recent posts though that have stated that the car will be worthless in a few years. I tried to respond in one of them but the thread was locked. I plan on having mine for many years.

01-26-2009, 03:37 PM	#9
Redwolf20 Drives: 2010 Camaro SS/RS Join Date: Jan 2009 Location: Lemoore, CA Posts: 364	Cars depreciate...fact of life. For all these doomsayers making these predictions, can I have lottery numbers for the next drawing please?

01-26-2009, 05:16 PM	#14
zforce Drives: 2010 2SS RS Inferno Matelic Orange Join Date: Sep 2008 Location: Chicago, IL. Posts: 137	My intention is to keep it and pass it on to one of my children hoping that they too have an appreciation for what it takes to create a fine peace of machinery like this Camaro. In my eyes it will be worth every penny I pay for it on the first day and it same will be true 20 years from now. Don't sweat the small stuff. Why worry about the loss before you get it? How can you put a price on the good times you are going to have in it? if you are looking for an investment, than I don't know what to say to you but if you are looking for machine that you can look over day in and day out and each time say "wow how did they think of that to get the extra performance?" Than I believe this is the car for you. Just look at the spec sheets and everything the GM people are saying about this car. From the designer in Australia to the production line in Canada, this car is world class. __________________ I've only been brave enough to hit 115 mph in my Camaro.

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