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Old 08-11-2012, 01:25 AM   #3
Ozzie RS
 
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Drives: '11 Camaro RS 2LT
Join Date: Jun 2011
Location: Kingwood,TX
Posts: 666
As soon as you drive the new car off the car lot you have immediately lost at the very minimum $5000 if not more. When it is titled ( when you purchase the vehicle) it is officially a used car even if it only has 10 miles on it. By the way in the state of Texas (I'm sure different states have different rules or laws) a Dealer can drive a car up to 5000 miles and still sell it as new but they usually list it as a demo car. That is almost 15% of your mileage on the Factory Warranty!

That is why I have a hard time believing the posts on here that "I traded in my 2010 V6 for a 2011 or 2012 V8 and made out without losing money. I don't think it happens. Maybe someone gets lucky but the odds are you will lose your butt on a trade in no matter what year you are trading in. Cars depreciate, fast.
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