Camaro Commercial!!!! - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

hftech · 10-20-2007, 03:10 AM

Quote:

Originally Posted by acscamarochick06

I hope $40,000 isn't base price... if it is I will seriously have to rethink my financing options lol...

lol price won't be an option...I should be saving my money for investments or the sort...but I'm willing to just pay cash for it, I hate car loans....or I may do a loan for it...pay it for 6 months and then pay it off....improve my credit score a bit :P

Jak · 10-20-2007, 08:16 AM

I wouldn't worry about it. You have to take into account that the special paint job probably accounts for a huge part of that price tag, then figure in that this is also a very limited edition (3 cars) model and that it'll probably have every option possible. So actually 40k isn't really that bad a price.

Quote:

Originally Posted by acscamarochick06

I hope $40,000 isn't base price... if it is I will seriously have to rethink my financing options lol...

stovt001 · 10-20-2007, 08:23 AM

Quote:

Originally Posted by acscamarochick06

I hope $40,000 isn't base price... if it is I will seriously have to rethink my financing options lol...

I'm surprised you would still consider buying one if the base model started at $40K. Also, if you have to adjust financing options to afford the car, you can't afford the car. Good advice I've heard is if you can't finance a new car on a 3 year loan, you can't afford it, and you end up paying extravagant amounts of interest in the end. (This rule doesn't apply for a true 6 year 0% financing special of course. Just make sure it is really 0% for the full term and you don't get hit with a major interest hit on the last payment.) I'm capping the price of my Camaro at $35K (adjustable only in the case that I am paid dramatically more than I'm expecting within the next few years) and won't buy until I can put at least $15-$20K down.

acscamarochick06 · 10-20-2007, 08:46 AM

Yeah, pretty much if it's $40,000 base price, no Camaro for me. :( But I seriously don't think that is right. GM isn't crazy enough to make the prices so drastically out of reach for so many people that REALLY want the car. Espeecially since that's how they "killed off" the Camaro in '02!

hftech · 10-20-2007, 11:11 AM

As much as I'd hate to say it....if the BASE price is 40k which I highly doubt it would be....but if they decide to make the Camaro all highly expensive and stuff...I'll first cry, then maybe just buy a slightly used Vette or Caddy XLR until they decide to bring the price down a bit.....if I'm paying over 40K on ANYTHING it better have at least 450+ HP.

With that being said, if they decide to make a special edition, mean mamma jamma Camaro and it's over 40K, I'd reconsider. I'd pay the extra dough for a 450+ HP Camaro.

stevenm357 · 10-20-2007, 02:54 PM

Seriously that's probably a $5000 paint job plus the custom features. No way chevy would put the price point that close the corvette... hell i'd buy a corvette!

besides this has already been discussed. It will be COMPARABLE to a MUSTANG!

hftech · 10-20-2007, 04:01 PM

Quote:

Originally Posted by stevenm357

Seriously that's probably a $5000 paint job plus the custom features. No way chevy would put the price point that close the corvette... hell i'd buy a corvette!

besides this has already been discussed. It will be COMPARABLE to a MUSTANG!

Extra features??? Wonder if it transforms to Bumblebee??? :p

stovt001 · 10-20-2007, 04:32 PM

Yeah, this is just speculation, rough conjecture off the cuff, but I'd say that if a very limited custom Bumblebee edition is valued at $40,000 then I'd imagine a decently equipped V8 model (maybe not the top V8 though) could be had for around $30,000 or so, before dealer markups. Very encouraging indeed!

EllwynX · 10-20-2007, 09:49 PM

Quote:

Originally Posted by stovt001

Good advice I've heard is if you can't finance a new car on a 3 year loan, you can't afford it, and you end up paying extravagant amounts of interest in the end.

I have ever only known 2 people that could afford a car payment with a 3 year loan. Even $25,000 for 3 years is $694 before interest!!!

5 years is the average length of a car loan, and the best guage of affordability imo.

6 is pretty common, but a little too long really. 7 and even 8 year loans are gaining popularity. I'd NEVER do 7 or 8. That's nuts.

The_Stache · 10-21-2007, 01:00 AM

Quote:

Originally Posted by stevenm357

Seriously that's probably a $5000 paint job plus the custom features. No way chevy would put the price point that close the corvette... hell i'd buy a corvette!

besides this has already been discussed. It will be COMPARABLE to a MUSTANG!

Uhh have you priced custom paint jobs? 2 layer jobs can range up to the 8-10k range.. and its been stated that the "Bumblebee" paint is a 3 layer 2 color job.. your looking at a minimum of 10k in paint alone.

But I agree with you it will be comparable to the mustang in price at equivalent trim levels.

stovt001 · 10-21-2007, 03:41 AM

Quote:

Originally Posted by EllwynX

I have ever only known 2 people that could afford a car payment with a 3 year loan. Even $25,000 for 3 years is $694 before interest!!!

5 years is the average length of a car loan, and the best guage of affordability imo.

6 is pretty common, but a little too long really. 7 and even 8 year loans are gaining popularity. I'd NEVER do 7 or 8. That's nuts.

Hence why the middle class is drowning in debt. I'm not getting my Camaro until I can put at least 50% down and finance the rest in 3 years or less.

Jak · 10-21-2007, 08:19 AM

I agree with you. Who ever thought up the idea to go for a 6-8 year car loan
must've got a real nice bonus for that scam. I've always went four years and either paid'em off on time or a few months to a year early. If you need longer then that, then you shouldn't be going for a new car at this time, work your way up to it. On my Camaro, I plan to pay atleast half or more down, then just go for a three year loan just to keep credit rating high.

Quote:

Originally Posted by EllwynX

I have ever only known 2 people that could afford a car payment with a 3 year loan. Even $25,000 for 3 years is $694 before interest!!!

5 years is the average length of a car loan, and the best guage of affordability imo.

6 is pretty common, but a little too long really. 7 and even 8 year loans are gaining popularity. I'd NEVER do 7 or 8. That's nuts.

camarobuddy · 10-22-2007, 01:18 AM

you guys are funny, I know I'm new here but this is the NEW camaro you are talking about. If all that stands between me and a new camaro is one more year of payments then I've got 4 words for you "Where do I sign?"

stovt001 · 10-22-2007, 06:29 AM

I'm as much a Camaro fan as anybody, but I'm also a realist. That Camaro will be much more fun if I wait an extra year and pay less than if I buy it right away and spend the next few years staying up at night freaking out about how I'm going to pay the bills. Of course, credit companies love people like you ^ because they make a killing off of all the extra interest you're willing to pay. Me, I'd rather see more of my payment going to pay off the principle, and have the thing paid off very soon after I get it, so I can enjoy it for many years without worrying about payments or interest. Plus by waiting I might be able to avoid the worst of the dealer price-gouging.

10-20-2007, 08:46 AM	#18
acscamarochick06 Chevrolet Enthusiast Drives: 2011 Camaro SS ;) Join Date: Jun 2006 Location: Bowling Green, Kentucky Posts: 807 View My Garage	Yeah, pretty much if it's $40,000 base price, no Camaro for me. :( But I seriously don't think that is right. GM isn't crazy enough to make the prices so drastically out of reach for so many people that REALLY want the car. Espeecially since that's how they "killed off" the Camaro in '02! __________________

10-20-2007, 11:11 AM	#19
hftech Drives: 2000 Chevy Camaro Z28! Join Date: Oct 2007 Location: Hampton VA Posts: 122	well... As much as I'd hate to say it....if the BASE price is 40k which I highly doubt it would be....but if they decide to make the Camaro all highly expensive and stuff...I'll first cry, then maybe just buy a slightly used Vette or Caddy XLR until they decide to bring the price down a bit.....if I'm paying over 40K on ANYTHING it better have at least 450+ HP. With that being said, if they decide to make a special edition, mean mamma jamma Camaro and it's over 40K, I'd reconsider. I'd pay the extra dough for a 450+ HP Camaro.

10-20-2007, 02:54 PM	#20
stevenm357 Drives: 98 Trans am 00 Trans am 01 corvette Join Date: Mar 2007 Location: West Virginia Posts: 381	Seriously that's probably a $5000 paint job plus the custom features. No way chevy would put the price point that close the corvette... hell i'd buy a corvette! besides this has already been discussed. It will be COMPARABLE to a MUSTANG! __________________ 2001 Corvette Heads,Big cam, 4:11, Custom Exhaust, MGW Shifter Baer Eradispeed +2 2 pieces rotors, Hotchkiss swaybars. and a few other little things. 1998 Trans Am A4 ( was STS turbo until the turbo and oil pump died) 2000 WS6 Trans AM under the knife ( sadly turned into long term project.

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10-20-2007, 04:32 PM	#22
stovt001 Drives: 2006 Cobalt, 2004 Taurus wagon Join Date: Oct 2007 Location: California Posts: 3,810	Yeah, this is just speculation, rough conjecture off the cuff, but I'd say that if a very limited custom Bumblebee edition is valued at $40,000 then I'd imagine a decently equipped V8 model (maybe not the top V8 though) could be had for around $30,000 or so, before dealer markups. Very encouraging indeed!

10-22-2007, 01:18 AM	#27
camarobuddy Drives: 1970 Camaro in pieces Join Date: Oct 2007 Location: Rio Rancho NM Posts: 5	you guys are funny, I know I'm new here but this is the NEW camaro you are talking about. If all that stands between me and a new camaro is one more year of payments then I've got 4 words for you "Where do I sign?"

10-22-2007, 06:29 AM	#28
stovt001 Drives: 2006 Cobalt, 2004 Taurus wagon Join Date: Oct 2007 Location: California Posts: 3,810	I'm as much a Camaro fan as anybody, but I'm also a realist. That Camaro will be much more fun if I wait an extra year and pay less than if I buy it right away and spend the next few years staying up at night freaking out about how I'm going to pay the bills. Of course, credit companies love people like you ^ because they make a killing off of all the extra interest you're willing to pay. Me, I'd rather see more of my payment going to pay off the principle, and have the thing paid off very soon after I get it, so I can enjoy it for many years without worrying about payments or interest. Plus by waiting I might be able to avoid the worst of the dealer price-gouging.