camaros can really hold their value! - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

brandonrr · 04-26-2012, 07:07 PM

i just bought a 2012 camaro LS base-model last month for $24k. today, i just checked to see how much 2010 and 2011 base model camaros are going for used and i made an odd discovery.

carmax.com has used 2011 v6 camaros for as much, if not more, than the cars cost brand new. for example, there is a completely base model, no upgrades at all, 2011 camaro LS, manual transmission with 26k miles and nearly bald rear tires selling for $24,995 on carmax right now. that car is identical to the brand new camaro i paid 24k for last month and it actually costs more. even the 2010s are selling for only 1-4k less than they were new, depending on the amount of miles.

i have also seen a 2012 base model camaro at my local honda dealership for $26k and it has about 8k miles on it. i was told the owner got $22,500 for it on trade-in.

so i guess our beautiful cars hold their values better than anything else on the market? i have only seen something like this once before and that was when hybrid cars really became popular and people were paying new prices for used hybrids......are the camaros the new hybrids when it comes to holding their value???

AdamZ · 04-26-2012, 07:08 PM

I just traded in my 1ls I bought for 23.5 and got 21.5 on trade in (they are now selling it for 26.5). So yeah they do. It's awesome.

There haven't added pics yet but heres my trade in-
http://www.performancehondastore.com...OH/vd/10095623

=Stephens= · 04-26-2012, 08:43 PM

I noticed that when I got my 2011 LS. I was originally looking at a 2010 but with the GM discounts and GM loyalty discount it was a better deal to get a new 2011. The 2010 was more than the 2011.
Here is what mine is worth according to NADA bone stock with no mods.
http://www.nadaguides.com/Cars/2011/...dard-Equipment
24,350 retail.

solo40oz · 04-26-2012, 10:07 PM

Carmax is not a good reference point, way overpriced

Himmler · 04-26-2012, 10:10 PM

I hope so.

LewiSS · 04-26-2012, 10:13 PM

I just got a card from the local dealership wanting to buy mine for more than I paid at another dealership haha. Some big sale going on. With rebates and everything, I was 8k ahead hahaha if only it really worked like that.

kylenewman · 04-27-2012, 02:43 AM

Your cars worth what an individual or dealer is willing to buy. If you think your going to get kbb or nada pricing you'll be sadly disappointed.

I had my 2010 2ss RS with 5,000 miles listed on here and Craigslist last summer for 29,500 and didn't get a single person interested. I ended trading it in for something I could use in the snow reliably

Revo1 · 04-27-2012, 04:13 AM

Apparently gen 4 can't. Kinda shocked I haven't had any serious offers on it yet...

Quackersacker · 04-27-2012, 07:16 AM

First year desirable cars tend to hold their value because people that didnt or couldnt buy new have created a demand for them. It wont last.

1954 Belair-man · 04-27-2012, 08:01 AM

Camaro's will always be a popular car and there will always be a buyer if your price is what someone is willing to pay, thats the short of it.

Ricky11SS · 04-27-2012, 11:13 AM

I went to my dealer yesterday to trade in my 2011 camaro 2ss for the new buick gs.
i still owe 38,000 and the dealer told that they would give me 26,000 for the trade in. :(

themoneypit · 04-27-2012, 11:20 AM

Quote:

Originally Posted by Ricky11SS

I went to my dealer yesterday to trade in my 2011 camaro 2ss for the new buick gs.
i still owe 38,000 and the dealer told that they would give me 26,000 for the trade in. :(

go to a new dealer... i got 29k for my 2010 2ss/rs as trade on tuesday. how much was it new?? my 2010 2ss/rs was only 37,600 new, how do you owe 38?

unkillsam · 04-27-2012, 11:27 AM

Quote:

Originally Posted by themoneypit

go to a new dealer... i got 29k for my 2010 2ss/rs as trade on tuesday. how much was it new?? my 2010 2ss/rs was only 37,600 new, how do you owe 38?

Just a guess, he probably owed on another car before the Camaro and the dealer rolled what he owed into the Loan for the Camaro. NEVER DO THAT!!!!

B@tman · 04-27-2012, 11:42 AM

I paid 26k for my 2ss/RS so that means it depreciated 4-3k per year and added 1k per 10k miles (20k miles). As long as you sell it in 3 more months you won't have to worry about losing out, after the 2013's expect 2ss 2010's to sell for the price of a used high mileage LT model.

The lack of a spare tire option makes me wary to the true value since fix-a-flat= dead tire. When 2013's roll out tack on another 4-3k of depreciation IMHO.

04-26-2012, 07:07 PM	#1
brandonrr LFX is not the average V6 Drives: 2011 Mustang GT 5.0 Join Date: Mar 2012 Location: Las Vegas, NV Posts: 314	camaros can really hold their value! i just bought a 2012 camaro LS base-model last month for $24k. today, i just checked to see how much 2010 and 2011 base model camaros are going for used and i made an odd discovery. carmax.com has used 2011 v6 camaros for as much, if not more, than the cars cost brand new. for example, there is a completely base model, no upgrades at all, 2011 camaro LS, manual transmission with 26k miles and nearly bald rear tires selling for $24,995 on carmax right now. that car is identical to the brand new camaro i paid 24k for last month and it actually costs more. even the 2010s are selling for only 1-4k less than they were new, depending on the amount of miles. i have also seen a 2012 base model camaro at my local honda dealership for $26k and it has about 8k miles on it. i was told the owner got $22,500 for it on trade-in. so i guess our beautiful cars hold their values better than anything else on the market? i have only seen something like this once before and that was when hybrid cars really became popular and people were paying new prices for used hybrids......are the camaros the new hybrids when it comes to holding their value???

04-26-2012, 10:13 PM	#6
LewiSS Drives: 2010 2SS/RS Camaro IOM/White Stripe Join Date: Jul 2011 Location: Lexington, KY Posts: 137	I just got a card from the local dealership wanting to buy mine for more than I paid at another dealership haha. Some big sale going on. With rebates and everything, I was 8k ahead hahaha if only it really worked like that. __________________ ARH 1-7/8" Longtubes w/cats, Borla ATAK catback, CAI Inc intake, RX inferno orange ported throttle body, RX inferno orange catch can, Hurst Shifter, JDP Motorsports heater hoses and fuel line, PFadt strut tower brace, PFadt lowering springs, PFadt Tie Rods, PFadt Trailing Arms, PFadt end links, Custom Painted interior pieces.

04-27-2012, 02:43 AM	#7
kylenewman Drives: 2010 Camaro 2SS Join Date: Jun 2010 Location: N.E Posts: 231	Your cars worth what an individual or dealer is willing to buy. If you think your going to get kbb or nada pricing you'll be sadly disappointed. I had my 2010 2ss RS with 5,000 miles listed on here and Craigslist last summer for 29,500 and didn't get a single person interested. I ended trading it in for something I could use in the snow reliably Last edited by kylenewman; 04-27-2012 at 02:54 AM.

04-27-2012, 04:13 AM	#8
Revo1 Don't Like it? Suggit. Drives: 2010 2SS/RS Join Date: Aug 2008 Location: Fresno, CA Posts: 14,832 View My Garage	Apparently gen 4 can't. Kinda shocked I haven't had any serious offers on it yet... __________________ "Tops off, tach up baby- loud and proud!" A Camaro lover from day one- 1996 3.8 V6 Camaro, to 1996 5.7 LT1 Camaro Z28, to the sold 2002 5.7 LS1 Camaro SS, and NOW, a [I]6.2 L99 VR 2SS/RS: XS Power stainless full exhaust, Airaid CAI, BMR drop springs and sways, custom tune by Cal Speed- 411rwhp

04-27-2012, 07:16 AM	#9
Quackersacker Drives: 2011 Camaro Convertible SS Join Date: Jan 2012 Location: Iowa Posts: 608 View My Garage	First year desirable cars tend to hold their value because people that didnt or couldnt buy new have created a demand for them. It wont last. __________________

04-26-2012, 07:08 PM	#2
AdamZ Account Suspended Drives: Eve - 2011 Camaro 2SS/RS Join Date: Apr 2012 Location: Fairfield, OH Posts: 11,814	I just traded in my 1ls I bought for 23.5 and got 21.5 on trade in (they are now selling it for 26.5). So yeah they do. It's awesome. There haven't added pics yet but heres my trade in- http://www.performancehondastore.com...OH/vd/10095623

04-26-2012, 08:43 PM	#3
=Stephens= Drives: 2011 LS Join Date: Feb 2011 Location: Kearney, Nebraska Posts: 3,544 View My Garage	I noticed that when I got my 2011 LS. I was originally looking at a 2010 but with the GM discounts and GM loyalty discount it was a better deal to get a new 2011. The 2010 was more than the 2011. Here is what mine is worth according to NADA bone stock with no mods. http://www.nadaguides.com/Cars/2011/...dard-Equipment 24,350 retail.

04-26-2012, 10:07 PM	#4
solo40oz Drives: My wife crazy Join Date: May 2009 Location: Austin Posts: 736 View My Garage	Carmax is not a good reference point, way overpriced

04-26-2012, 10:10 PM	#5
Himmler Drives: 2010 Victory Red SS Join Date: Apr 2012 Location: Nashua NH Posts: 45	I hope so.

04-27-2012, 08:01 AM	#10
1954 Belair-man Drives: 2010 Camaro IOM 1SS M6 Join Date: Aug 2010 Location: Michigan Posts: 889	Camaro's will always be a popular car and there will always be a buyer if your price is what someone is willing to pay, thats the short of it.

04-27-2012, 11:13 AM	#11
Ricky11SS Drives: 2011 Camaro SS L99 Join Date: Dec 2011 Location: Hidalgo Tx Posts: 249	I went to my dealer yesterday to trade in my 2011 camaro 2ss for the new buick gs. i still owe 38,000 and the dealer told that they would give me 26,000 for the trade in. :( __________________

04-27-2012, 11:42 AM	#14
B@tman Drives: Black 2010 2SS/RS M6 Join Date: Apr 2012 Location: Texas Posts: 139	I paid 26k for my 2ss/RS so that means it depreciated 4-3k per year and added 1k per 10k miles (20k miles). As long as you sell it in 3 more months you won't have to worry about losing out, after the 2013's expect 2ss 2010's to sell for the price of a used high mileage LT model. The lack of a spare tire option makes me wary to the true value since fix-a-flat= dead tire. When 2013's roll out tack on another 4-3k of depreciation IMHO.