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Old 10-23-2009, 07:58 PM   #1
nikeair042
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Thinking of Selling G8 for a Camaro...Opinions?

Well, I know it's going to be pretty biased but right now I have a 2008 G8 GT. Probably put close to $4K into it. I love the car. Rides amazing, handles awesome, and has 4 doors.

I am 24, single, no gf or anything so 4 doors isnt the most important thing. When Transformers came out in 2007 I wanted one so bad (Camaro) but they werent coming out till 2009. Then G8 came out and I bought that. Now I have seen a couple on the road and everytime I see a Camaro I almost crash from drooling over it.

I had a 1998 Camaro about 5 years ago and I loved it. Seeing the new one and seeing the Transformers 2 over and over makes me want one now lol. Basically it would be the 2SS Camaro with the RS package, sun roof, and ground effects, in Silver.

I still owe about $16,000 on my G8 and payments are $405 a month. Priced out with the options I want, Camaro is about $38K.

My question is, would it be stupid to trade in my G8? KBB says it's worth $25K to dealer, $27K private. I love my G8 to death but the Camaro is so bad ass. Just want some opinions on if you think it would be smart and I guess what would happen since I still owe on the G8.

All feedback is welcome, thanks guys!

Darren
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Old 10-23-2009, 10:26 PM   #2
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keep the G8 its a good car and it would make more economic sense.
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Old 10-23-2009, 10:38 PM   #3
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Good luck getting 25k on trade for the G8. You have to look up auction price for that.

I plan to buy a Camaro when I have my G8 paid off, but that won't be for a few years. Having a 2010 would be nice, but a 2013 or 2014 won't be the end of the world. Keep the G8, not many of them sold, ever. And when you have that paid off you'll own a pretty rare car outright, then buy a camaro - and you'll own two of the baddest cars on the road.
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Old 10-24-2009, 08:31 AM   #4
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I had both at the same time. '09 G8 GT and the '10 SS. Honestly, I enjoyed the G8 just as much in terms of driving experience. That GT impressed me every time I drove it. The only reason I sold it was so that we could upgrade the wife's car.

But, yourself being 24 and single. I don't see the need for a 4-door family hauler. Get yourself a 2-door and enjoy them while you can. You can probably sell the G8 for $23-25K
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Old 10-24-2009, 08:50 AM   #5
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I'd check Galves http://www.galves.com/ for a more realistic view of the value - you can get a one day pass for $4.95 or 7 day pass for $8.95 (good if you want to look up other car values for your family & don't have their cars model info - otherwise 1 day is sufficient).

To maximize the return on the G8 I assume you'll seek a private sale (and the potential hassles that goes with it before/during/after the sale) so KBB may help you negotiate from what consumers may check but galves is what most Dealers use to determine what the trade value is and what they can sell at auction or on their lot.

I agree with the comments that as you're 24 & single live the dream now only if you can afford it & before you're in a relationship where a more "practical" car like a sedan might make more sense.
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Old 10-24-2009, 09:00 AM   #6
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I say keep the g8. The camaro offers a similar driving experience and although it's hot you'll loose a lot giving up the G8. In two years the camaro will be better maybe you'll get a convertible. Lets face it 4-door v8 rear drive cars are dead the G8 IS a classic. In 40 years It's the new GTO.
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Old 10-24-2009, 09:06 AM   #7
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Quote:
Originally Posted by nikeair042 View Post
KBB says it's worth $25K to dealer, $27K private.
25k

I would suggest renting an SS for a few days and see how it compares to the G8 in terms of you daily needs................

Life is short, who the hell knows what is going to happen with the current destruction of our country as we know it now going on. If you want it, can swing it, I would get it.
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Old 10-24-2009, 10:04 AM   #8
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you always take a bath on the price of a newer car. Better to keep it.
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Old 10-24-2009, 11:45 AM   #9
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Keep the G8 GT it's going to be a rare car. The Camaro will not.
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Old 10-24-2009, 03:13 PM   #10
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Things I disliked about my 2009 G8 GT:
-wheel to adjust the drivers seat
-all control; radio, a/c, heat and defrost-for left hand driver never switch to right hand
-gas milage on 10% ethanol
-no I-pod adaptor
-19k tradin value

Things I dislike about my Camaro:
-Trunk opening
-paint quality, thin paint
-head room w/ sun roof

Make a list, then decide.
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Old 10-24-2009, 04:00 PM   #11
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keep the G* rare and beautiful
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Old 10-24-2009, 04:39 PM   #12
nikeair042
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thanks for all the input so far. realistically and economically would be pretty stupid to trade in the G8 and take a loss, especially when I am planning on buying a Condo in Florida in a couple months. Maybe in a few years after it's paid off I'd buy a Camaro and like couple have said, have best of both worlds.

I may still go and test drive one and find out some pricing and see what I could get, but yea, thinking about it, $25K trade is not likely, more close to $20K probably. And selling privately I would get a little back on all the money I've put into it.

Appreciate the help guys!
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Old 10-24-2009, 06:57 PM   #13
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Quote:
Originally Posted by nikeair042 View Post
My question is, would it be stupid to trade in my G8? KBB says it's worth $25K to dealer, $27K private. I love my G8 to death but the Camaro is so bad ass. Just want some opinions on if you think it would be smart and I guess what would happen since I still owe on the G8.
Smart? Well, buying a new car is rarely about being smart. Cars in general lose so much value in the first year that in my opinion it is never the smart financial decision. In your situation, let's say you get $25K for your car, which is not guaranteed by the way. That minus the $16K you still owe on it leaves you with $9K toward your new Camaro. That means you need to come up with $29K for the Camaro. So in the end, you will have a nice new and hot car, and nearly double the amount of debt. It's up to you to decide if that's worth it, and if you can afford the higher payments.

The other problem is, after a year or two this won't be the hot car anymore...maybe there will be a new Z28, or something else entirely catches your eye. That's when you might really regret spending so much now.

My advice to you is, only do this if you really can afford it, and if you are sure you won't be lusting after the next hot car in a year or two.
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Old 10-24-2009, 07:07 PM   #14
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Go for it...........if you can afford it ,you only live once!
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