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Old 01-19-2011, 07:20 PM   #1
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Went to GM today

Hey everyone

Just wanted to say what happened today and express my unhappiness.

I went to GM to look at upgrading my 2LT to a 2SS and I asked for what I could get trade in value wise. To try and paint the shitty news i got a bit better, My LT was fully equipped with GFX, sunroof, RS Package and only had 5000km on it.

In 6 months the value of my car went from 44,000 to 25,000 even though its in beautiful condition. Maybe I'm being a bit naive about this but it felt like an honest to god kick in the nuts.

Just thought I'd share this experience with you guys. Still love GM, just a bad day with next to no hope in upgrading... lol
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Old 01-19-2011, 07:22 PM   #2
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Your dealer was just trying to screw you. Use www.nada.com to find out what your car is worth.
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Old 01-19-2011, 07:29 PM   #3
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I totally agree that your dealer was low balling the price to you..Go elsewhere and good luck.

It does look like the 2lt does not hold its value as well as the SS though.
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Old 01-19-2011, 07:56 PM   #4
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Ditto......Move on.
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Old 01-19-2011, 08:04 PM   #5
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find another dealer
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Old 01-20-2011, 08:58 AM   #6
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NADA

Quote:
Originally Posted by BackinBlackSS/RS View Post
Your dealer was just trying to screw you. Use www.nada.com to find out what your car is worth.

Yeah try to tell a dealer what NADA says you car is worth...In my experience, you'll get laughed out of the dealership and it will be like they never heard of NADA. Around here they use the "Black Book" which is available online for a fee. Those values are MUCH less than NADA, KBB or Edmunds. That will give you a more realistic idea of what you could expect on a trade. Try to sell it on your own...Good Luck!
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Old 01-20-2011, 09:06 AM   #7
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If you paid $44k for a 2LT with those options, you got screwed from the start!
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Old 01-20-2011, 09:08 AM   #8
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If you paid 44,000 for a 2LT with those options, you paid too much. He is alittle low on the offer though.
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Old 01-20-2011, 10:56 AM   #9
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He lives in Canada. I'm sure that is why he paid that much. But his situation in American dollars is like if I paid $30k for a 2LT and 5000 miles later only being offered $17k for it.
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Old 01-20-2011, 11:16 AM   #10
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Originally Posted by 2010 SS RS View Post
I totally agree that your dealer was low balling the price to you..Go elsewhere and good luck.

It does look like the 2lt does not hold its value as well as the SS though.
I think the V6 is more common now that most enthusiasts have theirs.
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Old 01-20-2011, 11:23 AM   #11
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conversion as of 1/20/11

44,000.00 CAD = 44,048.39 USD



1 CAD = 1.00110 USD 1 USD = 0.998901 CAD
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Old 01-20-2011, 12:12 PM   #12
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Camaros will litter the landscape in a year or so for $15-20K when gas hits 5 bucks a gallon. Better hang on to it and just drive it!
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Old 01-20-2011, 12:12 PM   #13
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Yea the dealers try to use "Black Book", which is whole sale prices on the car... it basically is what they could get out of it if they took it to an auction. It's the easiest way for them to screw you and make a huge profit on the car... now that you know what one dealer is going to give you go to kbb.com or nada.com and come up with a fair price in between those two prices.
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Old 01-20-2011, 12:34 PM   #14
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Most dealers don't even go by Black Book or NADA anymore. The more realistic standard to them is the Manheim Auctions. If a car is selling at auction for $20k, that's usually the most you're gonna get for it unless they already have a buyer for the car, or it's just something extraordinary. They have to be able to get out of it at what they put into it.
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Old 01-20-2011, 12:41 PM   #15
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Old 01-20-2011, 12:47 PM   #16
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Quote:
Originally Posted by JCL-2SS View Post
44,000.00 CAD = 44,048.39 USD



1 CAD = 1.00110 USD 1 USD = 0.998901 CAD
Just saying, camaros in canada are more expensive for whatever reason
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Old 01-20-2011, 12:52 PM   #17
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they are using the prices we pay in the US.canada pricing should be much higher.
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Old 01-20-2011, 01:49 PM   #18
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Quote:
Originally Posted by JCL-2SS View Post
44,000.00 CAD = 44,048.39 USD



1 CAD = 1.00110 USD 1 USD = 0.998901 CAD
Quote:
Originally Posted by skraemer View Post
Just saying, camaros in canada are more expensive for whatever reason
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Originally Posted by ron10 View Post
they are using the prices we pay in the US.canada pricing should be much higher.
GM of Canada sets it's own MSRP based on what they think Canadians would be willing to pay. The fact that the US/CDN dollars are basically at par makes no difference.
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Old 01-20-2011, 02:12 PM   #19
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Hey everyone, yeah I'm probably going to try and sell it myself seeing as the prices I've been seeing for an LT, without all the features and in worse condition then my car sells for about the same.

If the dealer doesn't give a better offer i'll probably stick with my V6 or sell myself.
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Old 01-20-2011, 02:19 PM   #20
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just went on both GM sites to price out exact same car, heres what i got.

On GM Canada MSRP on a 2LT, GFX, sunroof, RS , Automatic for $40,335.
according to VMRCanada.com wholesale $25,550

On GM US MSRP on a 2LT, GFX, sunroof, RS, Automatic for $34,025.
NADA site clean trade in $24,800

Got my car in Feb 2010 , 3 months and 2000 miles later i tried to trade in , didnt like automatic and wanted manual, i paid $36,900 they wanted to give me $31,000 , it was 2SS with auto, sunroof and RS. i didnt want to take the loss so i kept it.
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Old 01-20-2011, 02:24 PM   #21
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Quote:
Originally Posted by Mellish50 View Post
Hey everyone, yeah I'm probably going to try and sell it myself seeing as the prices I've been seeing for an LT, without all the features and in worse condition then my car sells for about the same.

If the dealer doesn't give a better offer i'll probably stick with my V6 or sell myself.

Oh my, don't sell yourself! J/K LOL
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Old 01-20-2011, 02:26 PM   #22
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GM of Canada sets it's own MSRP based on what they think Canadians would be willing to pay. The fact that the US/CDN dollars are basically at par makes no difference.

Pretty smart Canadians!
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Old 01-20-2011, 02:34 PM   #23
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If you paid $44k for a 2LT with those options, you got screwed from the start!
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Old 01-20-2011, 02:41 PM   #24
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Quote:
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He lives in Canada. I'm sure that is why he paid that much. But his situation in American dollars is like if I paid $30k for a 2LT and 5000 miles later only being offered $17k for it.
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Old 01-22-2011, 11:31 AM   #25
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you paid to much to start with i paid 42k for a 2ss/rs with sunroof in canada. you are always bett. er to sell it yourself, then go buy it cash from the dealer
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