Anyone using a trade in when getting your camaro?

[GM4LIFE]

Hi, I went to three different dealerships in central nebraska and the dealers all gave me about the same amount for my trade in.

Dealer 1- $10,000 for trade in -pay $3,000 above sticker
Dealer 2- $8500 for trade in- pay sticker on camaro
Dealer 3- $9500 for trade in- $1250 above sticker

My trade in was going to be a 2008 black pontiac g5 gt 2dr..fully loaded, w/20k miles on it... i told the dealers it would have 36k when i go to trade so they put that in consideration... this car was worth 23k a year ago...

what do you guys think of this? i thought my car would be worth more than that.

Is the camaro going to have this fast of depreciation? i think this is really disappointing...
i decided to wait until i begin to see the camaro at dealerships. I would like to test drive one b4 i order. i can also put more money down that way.

i plan on someday getting a fully loaded 2LT RS

[Milk 1027]

That's lot of miles on a car that is barley a year old. That might be your problem.

[RallyFever]

Never trade in a vehicle if you can help it.
Sell your vehicle privately prior to the arrival of your Camaro.
You'll get more for your card; MSRP or less on the Camaro.

You need to remove the cards from the dealer's hands.....

[GM4LIFE]

Originally Posted by Milk 1027

That's lot of miles on a car that is barley a year old. That might be your problem.

im on the road 7 days a week and have a 40 mile commute each way

[headpunter]

dealer 1 =$7000

dealer 2 = $8500

dealer 3 = $8250



go with dealer 2 its a better net gain and they are selling for sticker, dont give your business to some one who wants more.

[GM4LIFE]

Originally Posted by headpunter

dealer 1 =$7000

dealer 2 = $8500

dealer 3 = $8250



go with dealer 2 its a better net gain and they are selling for sticker, dont give your business to some one who wants more.

headpunter, i did decide on going with dealer 2 when i do go to order my car... what do you think these new camaros are going to have for resale value? i hope they are better than my G5 lol

[Evotion]

I'm either selling or trading... depends on what the dealer offers. It will have less than 13k miles on it. But I'm leaning towards selling, there is always gonna be a demand for the car with the young crowd.

Have to wait and see.

[headpunter]

Originally Posted by GM4LIFE

headpunter, i did decide on going with dealer 2 when i do go to order my car... what do you think these new camaros are going to have for resale value? i hope they are better than my G5 lol

should be better depending on miles.

[camaro5]

The auto market has collapsed. Values of most if not all cars have dropped dramatically, recently. Even a Mazda6 with a 4cyl high mpg engine has dropped. Check Ebay. Most cars are NOT selling. Reserve Not Met - over and over. IT HAS hit the fan.

They wanna get you three ways.

1. New car price

2. Trade in

3. Financing from hell (The higher the apr, the more they make)

Plus, the market and trade-in/resale values have collapsed - for many reasons. Let's be careful out there.

[GM4LIFE]

i checked kelly blue book and nada and both dont have a 08 g5 gt in their systems yet anyone know what i could even sell my car for i was thinkin maybe $15,500 is that not enough or to much. the car looks like it did when i took it off the lot, i even kept some stuff in plastic.

[camaro5]

They should be adding 08's soon. When they do, check Intelliprice, their low number is what a dealer may offer - depending how hard they get you on the new car and financing.

[nickspohn]

selling my current camaro and using it as a down payment for a new camaro.

[Ry4nVan]

I currently have a Toyota Tacoma. I have a lease for the truck, but the bank said that I either have to trade in the car and take on the remaining amount, or try to sell it. I got this information from calling the bank that owns the vehicle. This doesn't make sense to me. This was the point of me leasing it. I wanted to be able to trade it back in whenever and pay a small fee. Not worry about trying to sell it, especially when I didn't get a loan. wtf.

anyone have any good ideas?

[camaro5]

The only hope is a service like swap a lease where people assume your lease. Unfortunately, leases are for the full term only, and must be paid off. You might as well keep it. Or swap a lease or similar, if your leasing co allows assumption.

[littlecammi]

Originally Posted by Ry4nVan

I currently have a Toyota Tacoma. I have a lease for the truck, but the bank said that I either have to trade in the car and take on the remaining amount, or try to sell it. I got this information from calling the bank that owns the vehicle. This doesn't make sense to me. This was the point of me leasing it. I wanted to be able to trade it back in whenever and pay a small fee. Not worry about trying to sell it, especially when I didn't get a loan.

How long do you have to go on the lease? My understanding is you have to keep it the full length of the lease in order to turn it in without obligations (other than charges for excessive mileage or any damage to the vehicle). The only (rare) exception I have seen to this is a dealer allowing early lease termination if the customer takes on a new lease of another model of that same brand of car. But even that is only available during special lease offers.

[bigwil96786]

i will be trading in a 2007 jeep wrangler unlimited x with between 8000 and 9000 miles on it. i'm stuck in iraq until may of 2009 so hopefully dealers in my area are done trying to rape the public on prices by then.

[dvnt88]

Originally Posted by nickspohn

selling my current camaro and using it as a down payment for a new camaro.

+1. ")

[Mr_Draco]

Originally Posted by GM4LIFE

i checked kelly blue book and nada and both dont have a 08 g5 gt in their systems yet anyone know what i could even sell my car for i was thinkin maybe $15,500 is that not enough or to much. the car looks like it did when i took it off the lot, i even kept some stuff in plastic.

I looked around online and seen similar cars like yours going for $14-$15k but all have a lot less miles on them then yours (under 10k miles). With you car being classified as a high mileage car I can see $10k being about right.

[erasedgod]

Sig

[Crowley]

I'll be selling the car I have now .. If I can't then I will trade it in .. however, it will never be as good of a deal as selling it ..

Crowley

[fastfret7]

Start saving now for a big down payment, because unless you have God's credit your going to be denied....Well, that's what I've heard anyway.

[EllwynX]

'05 Aveo LT Sedan w/less than 30,000 miles will most likely be traded in.

I'm guessing I'll only get enough to pay it off though. It won't be a down payment. I should have at least $15,000 in cash for that.

[Tantalizer43]

I'm going to keep the current ride as my "daily driver". That will basically equate to winter and rain only. I'm gonna drive the shit out of my Camaro, but no rain, or snow. Ever...

[GM4LIFE]

Originally Posted by Mr_Draco

I looked around online and seen similar cars like yours going for $14-$15k but all have a lot less miles on them then yours (under 10k miles). With you car being classified as a high mileage car I can see $10k being about right.

ok cool thanks for checking that out for me

[69 Hugger]

Just for kicks my buddy said I should take my 69 up and ask what they give me on a trade in. never have traded one in.

cars and trucks Ive owned/own
1976 Chevy Luv Pickup
1978 Chevy Z=28
1984 Chevy S-10
1986 Chevy Z-28
1989 Chevy S-10
1994 Chevy Impala
1998 Chevy Siverado-Still own
1969 Chevy Camaro Convertible-Still own