5th gen devalue - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

JHart · 08-03-2010, 01:31 AM

What do you guys think the 5th gen 2010's will devalue by year??? just an interesting subject to talk about, as i will prob. buy a used one in a couple years, because after owning one, i regret getting rid of it. just state what you think the car will devalue to. especially the SS's.

jmaryt · 08-03-2010, 02:47 AM

Quote:

Originally Posted by JHart

What do you guys think the 5th gen 2010's will devalue by year??? just an interesting subject to talk about, as i will prob. buy a used one in a couple years, because after owning one, i regret getting rid of it. just state what you think the car will devalue to. especially the SS's.

like ALL cars it is a depreciating asset!..who knows?..in my view,values SHOULD stay high!..one concern is the car fits a particular market,and as such, will only appeal to a certain buyer...another concern is if the car starts to 'break" after two,or three years!..this will also be a determining factor,because the car is a new design,and no one really knows right now,IF the car will hold up over the long term!..on the other hand,being a camaro definately helps it,whether it is "junk" or not!

myold88 · 08-03-2010, 07:30 AM

Camaros will depreciate just like any other new car as more and more new and used ones hit the streets and dealer lots. It's a matter of quantity and demand. We just sold a 7 year old very popular SUV we paid $40,000 for new, for $12,000.00 and we were glad to get it.
Depreciation is part of the cost of owning any new car.

bolteon593 · 08-03-2010, 07:42 AM

Quote:

Originally Posted by JHart

What do you guys think the 5th gen 2010's will devalue by year??? just an interesting subject to talk about, as i will prob. buy a used one in a couple years, because after owning one, i regret getting rid of it. just state what you think the car will devalue to. especially the SS's.

traded in my 2SS for 33,100.

paid 35,835 (sticker) one year prior. 23k hard miles (rim damage, body damage, need for new tires, etc).

your milage will vary though.

Roddd 1SS · 08-03-2010, 07:44 AM

It will also depend on how many camaros are out on the road. The more there are, the less resale value they'll have. Hopefully this gen will only be produced until 2012. That'll be good for the guys who plan on selling.

myold88 · 08-03-2010, 08:09 AM

Quote:

Originally Posted by Roddd 1SS

It will also depend on how many camaros are out on the road. The more there are, the less resale value they'll have. Hopefully this gen will only be produced until 2012. That'll be good for the guys who plan on selling.

I bet that's not going to happen. GM will have to keep this 5th generation Camaro at least 5 years to be profitable. Many changes and styling updates but the basic body will not change through 2014 is my guess.

JHart · 08-03-2010, 12:40 PM

well i had one, and it was 32,460(base 1ss) and when we traded it in, in excellent condition, we only got 25 for it. which leads me to believe in a couple of years of hard part time work in college that i could perhaps put a big down payment on a used one.

ViperTomcat · 08-03-2010, 12:43 PM

As more are produced and miles increase..the resale will go down, just part of car ownership :(

If you're wanting out of your 2010..do it now. If you wait until the next generation are about to hit, have 55,000 miles on the car and the roads have a half million 5th gen's on the road..you'll take a bath.

08-03-2010, 01:31 AM	#1
JHart I haz camaro again :) Drives: 2010 Chevrolet Camaro 1SS Join Date: Mar 2009 Location: Union, South Carolina Posts: 660	5th gen devalue What do you guys think the 5th gen 2010's will devalue by year??? just an interesting subject to talk about, as i will prob. buy a used one in a couple years, because after owning one, i regret getting rid of it. just state what you think the car will devalue to. especially the SS's. __________________ 2010 Camaro 1SS(back in a camaro again, yessssss!) 2010 silverado z71 ccsb(sold, old dd) 2010 camaro1ss(sold, missed, will have another someday)

08-03-2010, 07:30 AM	#3
myold88 Drives: SUMMIT WHITE 2SS/RS CAMARO Join Date: Feb 2008 Location: 2018: Lakewood Ranch, Fl. Posts: 8,164 View My Garage	Camaros will depreciate just like any other new car as more and more new and used ones hit the streets and dealer lots. It's a matter of quantity and demand. We just sold a 7 year old very popular SUV we paid $40,000 for new, for $12,000.00 and we were glad to get it. Depreciation is part of the cost of owning any new car. __________________

08-03-2010, 12:40 PM	#7
JHart I haz camaro again :) Drives: 2010 Chevrolet Camaro 1SS Join Date: Mar 2009 Location: Union, South Carolina Posts: 660	well i had one, and it was 32,460(base 1ss) and when we traded it in, in excellent condition, we only got 25 for it. which leads me to believe in a couple of years of hard part time work in college that i could perhaps put a big down payment on a used one. __________________ 2010 Camaro 1SS(back in a camaro again, yessssss!) 2010 silverado z71 ccsb(sold, old dd) 2010 camaro1ss(sold, missed, will have another someday)

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08-03-2010, 07:44 AM	#5
Roddd 1SS Drives: 2010 Camaro 1SS Join Date: Jun 2010 Location: San Diego Posts: 177	It will also depend on how many camaros are out on the road. The more there are, the less resale value they'll have. Hopefully this gen will only be produced until 2012. That'll be good for the guys who plan on selling.

08-03-2010, 12:43 PM	#8
ViperTomcat Banned Drives: 2011 Avenger Heat Join Date: Nov 2009 Location: Oregon Posts: 1,697	As more are produced and miles increase..the resale will go down, just part of car ownership :( If you're wanting out of your 2010..do it now. If you wait until the next generation are about to hit, have 55,000 miles on the car and the roads have a half million 5th gen's on the road..you'll take a bath.