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Camaro Price | Ordering | Tracking | Dealers Discussions Discuss pricing and ordering experiences.

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Old 01-27-2010, 05:49 PM   #1
Dowgg123
 
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The ordering Process/Trad-in

Hello,
I was wondering if anyone on here know/went through trading in your previous car and ordering your camaro.
I will be trading in my jeep when The time comes for ordering my camaro. I work and need my car during the summer, and was wondering if I can just order the car (is there a deposit before the full down payment) before I trade in my jeep and trade it once the camaro comes in.

If anyone can maybe make it a little more clear for me that'd be great.
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Old 01-27-2010, 06:00 PM   #2
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I bought my car off the lot, but investigated ordering before I did that. Most dealers won't give you a trade in value until your car shows up. They might give you an idea, but they will want to wait until you are ready to hand it over before they give you a final value.

As for a down payment, all the dealers I talked to wanted $500-1000 down payment at the time of ordering.
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Old 01-27-2010, 06:08 PM   #3
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Quote:
Originally Posted by Dowgg123 View Post
Hello,
I was wondering if anyone on here know/went through trading in your previous car and ordering your camaro.
I will be trading in my jeep when The time comes for ordering my camaro. I work and need my car during the summer, and was wondering if I can just order the car (is there a deposit before the full down payment) before I trade in my jeep and trade it once the camaro comes in.

If anyone can maybe make it a little more clear for me that'd be great.
Deposits vary by dealer. Some require one, some don't. I ask for $500/$1,000 and a credit check regardless if you finance w/ me or not. Deposits are refunded, should the customer back out of the deal, when the ordered car sells.

I also appraise the car at the time of the order and honor it, suject to a re-evaluation based upon miles, and any damage.
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Old 01-27-2010, 06:11 PM   #4
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Originally Posted by Rockmont View Post
Deposits vary by dealer. Some require one, some don't. I ask for $500/$1,000 and a credit check regardless if you finance w/ me or not. Deposits are refunded, should the customer back out of the deal, when the ordered car sells.

I also appraise the car at the time of the order and honor it, suject to a re-evaluation based upon miles, and any damage.
Thanks for the help.
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Old 01-27-2010, 06:14 PM   #5
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I would NEVER trade in a car. Dealerships want to make money on reselling that car so they offer you the least amount they think you'll take. I personally am a talented amateur Craigslist salesperson and have sold 3 or 4 cars for my fam. and myself for WAYY more than trade in value! If you can wheel and deal, I'd recommend trying to sell the car yourself first and only as a last resort trade it in!
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Old 01-27-2010, 06:25 PM   #6
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Well, I can tell you my experience with doing this. I placed an order for my car back in August, and specifically told the dealer I would be doing a trade in. He informed me that there are two ways you can do it. First, you can trade it in at the time they take the deposit, guarantee the amount of money you get for your trade in. Or, you trade it in when you pick up your car.

I opted for the trade in at time of pick up. The dealer did warn me that you will lose a bit off the top end due to fluctuations in black book value. And, since my car was a non GM for the trade in, the dealer said they would have to auction my car. All in all, I lost about $1,400 off the trade in by waiting the additional 2 months from when they appraised it the first time, to the time of turn in. Why? Milage was the killer. I needed to keep my car until the Camaro came in as it was my daily vehicle.

So, I ended up putting a deposit of $500 down, and traded in once the car arrived. Just be up front with your dealer that you plan on trading in, and be aware that you will lose money most likely from the initial appraisal if you plan on driving your trade in while you wait for your new car.
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Old 01-27-2010, 06:56 PM   #7
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Originally Posted by Becka1988 View Post
I would NEVER trade in a car. Dealerships want to make money on reselling that car so they offer you the least amount they think you'll take. I personally am a talented amateur Craigslist salesperson and have sold 3 or 4 cars for my fam. and myself for WAYY more than trade in value! If you can wheel and deal, I'd recommend trying to sell the car yourself first and only as a last resort trade it in!
In this case

I don't think their gonna make much from a 1999 Jeep Wrangler.

Unless it has extremely low miles and is in mint condition.
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Old 01-27-2010, 07:12 PM   #8
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I also had the same issue. I placed my order in May. My trade was a 2007 Corvette. In may there was still the problem with allocation. My Camaro would be in (best guess from the inventory manager) in September. Now, everyone knows selling a Corvette in May/June is MUCH easier than Sept/Oct. We appraised the car and they told me they would stand by that price until Sept. Well about a month after ordering my salesman sends me an email that someone was in looking for a 07 or newer black 6 speed manual Corvette so he referred him to me. Ended up selling outright for far more than the dealer offered me. Try the outright sale, if that doesnt fly, just trade.
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Old 01-27-2010, 07:13 PM   #9
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Originally Posted by Becka1988 View Post
I would NEVER trade in a car. Dealerships want to make money on reselling that car so they offer you the least amount they think you'll take. I personally am a talented amateur Craigslist salesperson and have sold 3 or 4 cars for my fam. and myself for WAYY more than trade in value! If you can wheel and deal, I'd recommend trying to sell the car yourself first and only as a last resort trade it in!
The thing is this. I weighed the pros/cons of selling private party. Since you've dealt with Craigslisters, I found this out in my brief experience. I had a couple of people that wanted a test drive that lacked license or proof of insurance. They tend to get bent out of shape when you ask for this before stepping into your vehicle, and I got the impression that it was an attempt to joy ride my car. I gave up and took the loss. Really wasn't worth the time and effort in my opinion. Glad it worked in your situation, but I wanted to avoid that headache.
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Old 01-27-2010, 07:19 PM   #10
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In this case

I don't think their gonna make much from a 1999 Jeep Wrangler.

Unless it has extremely low miles and is in mint condition.
you would be amazed how well jeeps retain their value. I just sold my 1992 4.0L with 150,000 miles for $4,800.

it was is so/so shape.
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Old 01-27-2010, 07:20 PM   #11
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In this case

I don't think their gonna make much from a 1999 Jeep Wrangler.

Unless it has extremely low miles and is in mint condition.

87k miles.... 4k trade in value

After searching ebay and craigslist for the past couple of weeks, most are getting about 6k with 100k+ miles... so idk exactly what Im gonna do
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Old 01-27-2010, 07:29 PM   #12
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At least try to sell it yourself. if you can't then trade it.
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Old 01-27-2010, 08:56 PM   #13
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A big question to ask yourself is how long can you go without a car. My car (new and old) is my daily driver and only car I own so being without a car was out of the question. My dealer appraised my cars trade in value with a guestimate of how many km's I would have in the approximate time I would get the Camaro. That is the amount I got for it when I picked up my car. Now if I could live without the car (or had a place to keep it while trying to get rid of it) I would have tried to do a sale myself and maybe get more than the trade in.
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Old 01-27-2010, 09:16 PM   #14
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Originally Posted by Dowgg123 View Post
Hello,
I was wondering if anyone on here know/went through trading in your previous car and ordering your camaro.
I will be trading in my jeep when The time comes for ordering my camaro. I work and need my car during the summer, and was wondering if I can just order the car (is there a deposit before the full down payment) before I trade in my jeep and trade it once the camaro comes in.

If anyone can maybe make it a little more clear for me that'd be great.
You can surely order the car and trade in when you go to pick up your car. But keep in keep in mind you will get the price attached to the car at THAT time, not anything quoted to you when you order the car (unless the dealer tells you that they will honor that price when you take delivery of the camaro; and in that case I'd get it in writing). As been said, deposits vary dealer to dealer. The dealer I ordered mine from had me put a $1,000 deposit. I doubt you will find any dealer that requires to put more then that down.

Quote:
Deposits are refunded, should the customer back out of the deal, when the ordered car sells.
Dowgg123, don't let any dealer tell you that. By law they have to refund your deposit should you opt out of the order. It is your money, and you are entitled to it when you want; whether it is the same minute you cancel the order or not - not no when this ordered car sells crap
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Old 01-27-2010, 09:44 PM   #15
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Deposits vary by dealer. Some require one, some don't. I ask for $500/$1,000 and a credit check regardless if you finance w/ me or not. Deposits are refunded, should the customer back out of the deal, when the ordered car sells.
Why do you run a credit check if they do not finance with you? Personally I get preapproved through my credit union before shopping for a car. A dealer can verify financing by calling the credit union. No way would I want an extra inquiry on my credit report.

Not knocking the way you do business, just curious.
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Old 01-28-2010, 01:35 AM   #16
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Don't you also get the trade-in value of the car deducated before taxes when buying a new car?? If thats the case then you can save on some tax money by trading in instead of having a bigger down payment.
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Old 01-28-2010, 05:24 AM   #17
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Well here's a typical example ... I have a 2009 awd trailblazer ss ... trade in should be absolute minimum worse day $29,000 ... blue book, edmunds and others have good trade in value at the low thirties

Excellent
$34,075
Good
$32,475
Fair
$29,575

that's kelly blue book trade in values ... i was offered $25,000 - $26,000 (at more than one dealership) ... now wait a sec, the dealer would take that and turn around and ceritfy and sell it for AT LEAST $35,000 so that means I would take a $10,000 loss while they're laughing all the way to the bank with my cheddar ... and that's the bottom line ...

don't be hasty, just play the game ... you sell it for even $5000 more you saved yourself $5000

say they offer me $30,000 ... they still turn around and make at leastt$5,000. Certified price right now is $37,000 ...

only trade in if you got the money, def don't care that the dealer is molesting you, and it's just a pain in the butt and hard to sell on your own ... but consider your neighbors, someone better than the dealer could use that money. A friend, a family member ... shoot go get yourself a new samsung led tv ... otherwise the dealer is goign to be watching his new samsung tv capish?

Now on older cars the #'s get smaller and closer so the older your car the more viable an option to "trade it in" exists. If they offer you something respectable go for it ... the newer the vehicle the more careful you must be. And also to consider is how well this trade in reflects into the deal. If it works out fantastically for you, than do it. Just remember "yes" i'm getting a camaro and having the right payments or overall cost is another thing. I just tell you from my experience, these guys used to see me coming a mile away so i've learned over the years. With the way the government and society is, it's not acceptable to let any snakes slither anymore. Not even for our own convenience. If it's not accurate, it's wrong, it should be adjusted ... just my 2 cents. You play your cards right you go home with the new wheels and money in YOUR pocket not theirs .. you give yourself the money ... treat your camaro to an intake and some features ... have a pizza party, whatever ... I'm not goign to trade my truck in, i'll wait, make that other $5000-$10,000 and speand it on stuff that everyone else only looks at.

Patience is a virtue and that goes to anyone reading this thread. Take it from a guy that's been there and done that ... these dealers speand your kids college funds, your girlfriends and wives xmas and holiday preasents ... your new movado, your new surround sound, your ps3 ... BECAUSE WE LET THEM. Take it from me, treat yourself to that trade in money, treat your girl, treat your kid. We're so dumb we see that there's two different prices for tade in and private party .. we see dealer certified prices that the cars will be turned around and sold for and we still go and trade in ... what the #&$^% ?

We actually accept the $5000 difference in price, or whatever the difference is. We're like "oh i get it, cause it's going back to the dealer we have to give it to them for less that's why that have "trade in" prices .. i get it" ... yeah that's what we do ... bunch of idiots.

Don't be a fool, I'm not anymore ... have some respect for yourself, community, etc. Don't get so hot in the pants for any new comodity, even a camaro that we let ourselves, family, and community get ripped off. You don't owe a dealership anything, they should be happy you even walked in the door ... I can respect an honest living ... and again this applies moreso to newer vehicles. The older they are the more accurate the numbers become but at anytime the trade in is always less cause we allow it basically ... we all go look up trade in values at websites dedicated to doing so. Why do we go there? Because that's where you get the value for your trade in ... a value that we have allowed dealerships to bestow upon our property rather than applying the real "private" which is our own and proper value to the vehicle. We go to kelly blue book like it's the thing to do ... lol.

Granted dealers need to make a return and profit on their investment but that's where the gray area occurs and most of us just accept "trade in" as honest practice. Maybe there's a few dealers out there that are honest operations, I don't mean to offend any owners/dealers who pride themselves in just that, praise them if they do exist and give me your # i'll travel to you if you're not near NY and we'll deal right now and every two years. ... i've always been one to call a spade a spade though and so far I haven't been overtly impressed by any dealership.

Last edited by Contemporary485; 01-28-2010 at 06:03 AM.
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Old 01-28-2010, 05:57 AM   #18
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You negotiate the down payment and the trade in when you order your new car along with the car's price. You keep driving the trade in until your car comes in. The negotiated price is contingent on the fact that the trade in will be in the same condition as it was on the day that you negotiated the price.For example, if you bring it in with a smashed nose or a blown tranny, do not expect to get the price that you had worked out. I ordered my SS on 10/13/2008 and didn't get it until 5/20/2009. I continued to drive my 2002 SS until my 2010 SS came in. For a trade in value go to KBB.com and put in your information.
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Old 01-28-2010, 04:02 PM   #19
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Couple things I would suggest as I am almost done with the Camaro process (picking up mine tomorrow). I would one use a dealer listed on this site hands down. May cost you a little extra in time and arranging things via phone calls but USE the dealers on this site. Secondly, look into Carmax. I was given an offer and Carmax was able to give me closer to the value of my vehicle. You need to remember that dealerships make their money on used vehicles so if they can get you on a low offer that is where the profit is. Carmax on the other hand deals in volume so look into that. YMMV but I had good luck with Carmax.

Cheers and good luck.
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