To the V6 owners switching to V8....

[ga0358]

Guess I'm lucky to have found THE car FOR ME! She fits everything I've enjoyed about cars and driving, I don't NEED or WANT the V8, because I don't RACE or need the power in Atlanta traffic, but if I do, she MORE than provides what I need...She'll bark tires from a dead stop WITH grannies on, she's absolutely trouble-free, and has been for over 2 years, not like a LOT of threads I've seen on here about V-8s and manual trannys.....I continue to get compliments on her just about EVERY SINGLE DAY...Like my dealer told me once: "Few people find the car that fits THEM, you've found the one for YOU!" So I have NO desire to ever trade up OR trade PERIOD!! I'm keeping ol' Blue forever!

[Bonanza7]

Originally Posted by motorhead

You picked the wrong year hemi. In 64 they made one that ran mid 11's. The one in my sig would dust you also. I don't really know why it matters anyway. Comparing your Camaro to a forty something car doesn't make sense. I believe V6 guys do this because comparing to current cars only proves that they have average performance. Not that there's anything wrong with that ,but the facts are the facts.

I don't believe they made a street hemi in '64, but I may be wrong. However, V6 guys don't need to make up for our physical shortcomings by having a V8. 6 seconds 0-60 is plenty good for street use..unless you have other issues.

[BowtieBelle]

Originally Posted by Bonanza7

I don't believe they made a street hemi in '64, but I may be wrong. However, V6 guys don't need to make up for our physical shortcomings by having a V8. 6 seconds 0-60 is plenty good for street use..unless you have other issues.

Get your flame suit ready, you brave soul you

[2010SLVRBULIT]

Originally Posted by tonyfred

.
I am a member of a local car club. The first question at every show is...."Did you get the V6 or the V8"? It doesnt matter when I start explaining about the power of the V6. They just smile and walk away. I feel like the V6 just doesnt cut it at the hot rod shows. It really gets embarrassing. I feel like a poser. I know that wont set well for the other V6 owners, but I cant help it.
I dont want to do any more mods on my V6 because I know I wont be truly satisfied until I am in an SS.
I love the 2LT, but will NEVER be truly happy until I hear the rumble of the V8. I think that is my main complaint...in my opinion, a V6 will NEVER EVER sound like anything other than a ricer. I cant stand it!
I should still get a decent price for my 2LT, it is a very nice car and just like new. I will then rob enough from my retirement account to finally get the exact car I want.

..get what makes you happy, period. (end of story).

[powerslave]

Originally Posted by BowtieBelle

let the haters hate in their Hyundai Sonatas.

Mine is a V6 LT, I ordered it because the dealers didn't have exactly what I wanted. I couldn't be happier I haven't found a use for half my car's potential yet... I'd need to rent a track to use this car to it's potential. A V8 would basically be a massive 'cosmetic' upgrade because I'd get nothing out of it except I could 'talk it up':

"Oh is that a V8?"
"Why, yes it is"
"Is it supercharged?"
"Oh no sorry..." ...let me get the next 10 grand out of my pocket now to make you happy haha

EDIT: The only thing I am jealous of are BowtieBell's 'hash' stripe things and anyone that has molded splash guards, I cant get them in my color yet from Chev... and black spoked wheels... and whoever is going out with Emma Stone.... off topic.


.

[Baba]

Originally Posted by jamesdburton

2011 2LT A6 bought in aug 2010. Paid 29k for it as there were no rebates and the camaro was still kind of new then. Put 5k down to lower my payments. 18 months later, traded it in on a 2012 2SS/RS A6 Tranformers 3 edition. Msrp on it was 41k but with USAA discount and haggling, got it for 37.5k. They gave me 24k for the 2LT. I applied the 6k in positive equity to bring it to 31.5k and then put another 6.5k down to bring it down to 25k. Financed the rest at the same apr of 3.9% to keep the payments like the v6.

Originally Posted by jamesdburton

So the cost to me was like adding another 18 months to my old loan since I had 42 months left and putting down 6500 bucks. 18 x 459 = 8262. So the final cost for the upgrade was 14762 in real dollars over what I had left in the original loan. Was it worth it? I guess it depends on who you ask. I think it is.

As a fellow USAA member, I hope you won't take my comments out of context or what I'm trying to accomplish. I'm strictly trying to point out the to others the real numbers involved if interested in trading up from the V6 to a NEW 2SS.

However, your numbers are actually closer to $20k+ just to get into the 2SS at the rate you were comfortable with - that's before you start making payments over 60 months on your new 2SS. I'll try to break the numbers down:

Step 1: You purchased a new Camaro 2LT for $29k and used $5k cash out of your own pocket as a down payment.
Cash money spent = $5k

Step 2: You made payments on your new Camaro 2LT for 18 months at approx. $440.00 per month.
Cash money spent over 18 months x $440.00 = $7,920k (we'll call it an even $8k to keep the numbers round.

Total money spent thus far: $13k over 18 months.

Step 3: You go to trade your Camaro 2LT

Let’s Review:

Original price: $29k
minus (-) your down payment: $5k
__________________
equals (=) $24k you owe the bank

minus (-) $8k in payments you made over 18 months
______________________________________________
equal (=) $16k (+ some interest?) still owed the bank on the Camaro 2LT you're trading in.


$24k received in trade-in value
minus (-) $16k you still owe the bank
_______________________________
equals (=) $8k in equity received (cash, net worth) (we'll call it $6k to match the number you used, assuming you paid "X" interest on the loan and maybe put some of your trade-in money into your bank account for a rainy day).

Basically, you came out ahead $1k in real equity over the course of making 18 monthly payments.


Was the $5k REAL EQUITY? No. You had $5k, you spent $5k (now you have $0). After 18 months, you get your $5k back (which only helped to lower your monthly payments) AND you made $1k by trading in.


Your REAL EQUITY = $1k as money you’ve spent and then received the same amount back is not a “profit”. It’s also not a loss – strictly break-even.

Step 4: You purchase a new Camaro 2SS for $37,5k and put down $6k allowed for your trade-in, plus another $6,5k cash money out of your own pocket.
Cash money spent thus far on your NEW Camaro 2SS = $13,500k

$37,5k purchase price of your new 2SS
minus (-) $13,5k down payment
__________________________________
equals (=) $24k owed on your new Camaro 2SS

$24k owed on your new 2SS Camaro.
$24k financed over 60 months (5 years) at 3.99%
= $460 per month in payments.


Money Spent (past, current, future) on New Camaro 2SS:

$8k in payments over 18 months on Camaro 2LT
$13,5k down payment on new Camaro 2SS
60 monthly payments at approx. $460 = $27,6k
________________________________________
= approx. total of $48,6k spent over the course of 78 months (18+60) towards owning a 2SS, the sale price of which = $37,5k (assumed out the door).

I’m just looking at the numbers presented and analyzing them and point out that it is far more expensive to trade up than what many people are led to believe.

There is absolutely NO value statement attached or inferred. Everyone does what they’re comfortable with. As I mentioned previously, I'm considering trading up as well, ergo, my interest in the numbers.

Is it worth it? Depends on what one's values are, what one values and whether they're able and / or willing to afford.

I test drove a 2SS again on Saturday - it certainly has a much different "feel" and sound - out of the box - than the V6 and the acceleration and breaking are absolutely phenomenal.

The bottom line is: It's less expensive to buy the more expensive vehicle right from the start.

If the OP desires for me delete this post, I'll gladly delete this post.

[90503]

Baba...nice work...but I'm a little confused...At first you said he paid 20K "extra"...then at the end it looks more like you came up with @11K "difference"...dunno.

[tow]

I purchased the LS base V6 with the intent of keeping it until I either die or unable to drive. Mine is paid for and I intend to eventually put a big block GM crate motor in the car after modifying the brakes and suspension.
Want to have a sleeper that is unique to my taste. It will still be a first year generation 5 no matter what mods are done. No regrets still get a lot of compliments and attention every time I drive it!

[90503]

Originally Posted by Monchy36

I'm just want to know why makes people change the V6 to V8 (i know about the power) after put sow much time and money moding it! Making it your work of art to then just give it away??? And most important i like to know the ones who already did it, How you make a deal to get the V8 on a good price? What happend with the V6 loan? It got pay off in the trade? I want to know the secret! I like to have a SS power if doesn't hurt my pocket!

Originally Posted by Baba

However, your numbers are actually closer to $20k+

Money Spent (past, current, future) on New Camaro 2SS:

$8k in payments over 18 months on Camaro 2LT
$13,5k down payment on new Camaro 2SS
60 monthly payments at approx. $460 = $27,6k
________________________________________
= approx. total of $48,6 spent over the course of 78 months (18+60) towards owning a 2SS, the sale price of which = $37,5k (assumed out the door).

Thanks again...sorry if I'm being a pain...saw the highlights...still trying to see 20K, when 48.6K (spent) minus 37.5K (new car) = 11.1K..???

[motorhead]

Originally Posted by Bonanza7

I don't believe they made a street hemi in '64, but I may be wrong. However, V6 guys don't need to make up for our physical shortcomings by having a V8. 6 seconds 0-60 is plenty good for street use..unless you have other issues.

When then how come we have so many V-6 defectors?

And the mere fact that you have to make a point that you can beat a forty some year old hemi (because you know they are held to a high standard) shows that it does bother you at least a little.

Just be happy with the decisions that you make and don't worry about what other people think.

Oh and you are right about the 64 in a way. They never sold them to the public for street use ,but there were plenty running on the street. 66 was the first "street Hemi". But like I said, it makes no sense to compare the two vehicles. If you want to compare to those days compare apples to apples. How well did a 6 cylinder run in those days?

[Monchy36]

Originally Posted by Baba

As a fellow USAA member, I hope you won't take my comments out of context or what I'm trying to accomplish. I'm strictly trying to point out the to others the real numbers involved if interested in trading up from the V6 to a NEW 2SS.

However, your numbers are actually closer to $20k+ just to get into the 2SS at the rate you were comfortable with - that's before you start making payments over 60 months on your new 2SS. I'll try to break the numbers down:

Step 1: You purchased a new Camaro 2LT for $29k and used $5k cash out of your own pocket as a down payment.
Cash money spent = $5k

Step 2: You made payments on your new Camaro 2LT for 18 months at approx. $440.00 per month.
Cash money spent over 18 months x $440.00 = $7,920k (we'll call it an even $8k to keep the numbers round.

Total money spent thus far: $13k over 18 months.

Step 3: You go to trade your Camaro 2LT

Let’s Review:

Original price: $29k
minus (-) your down payment: $5k
__________________
equals (=) $24k you owe the bank

minus (-) $8k in payments you made over 18 months
______________________________________________
equal (=) $16k (+ some interest?) still owed the bank on the Camaro 2LT you're trading in.


$24k received in trade-in value
minus (-) $16k you still owe the bank
_______________________________
equals (=) $8k in equity received (cash, net worth) (we'll call it $6k to match the number you used, assuming you paid "X" interest on the loan and maybe put some of your trade-in money into your bank account for a rainy day).

Basically, you came out ahead $1k in real equity over the course of making 18 monthly payments.


Was the $5k REAL EQUITY? No. You had $5k, you spent $5k (now you have $0). After 18 months, you get your $5k back (which only helped to lower your monthly payments) AND you made $1k by trading in.


Your REAL EQUITY = $1k as money you’ve spent and then received the same amount back is not a “profit”. It’s also not a loss – strictly break-even.

Step 4: You purchase a new Camaro 2SS for $37,5k and put down $6k allowed for your trade-in, plus another $6,5k cash money out of your own pocket.
Cash money spent thus far on your NEW Camaro 2SS = $13,500k

$37,5k purchase price of your new 2SS
minus (-) $13,5k down payment
__________________________________
equals (=) $24k owed on your new Camaro 2SS

$24k owed on your new 2SS Camaro.
$24k financed over 60 months (5 years) at 3.99%
= $460 per month in payments.


Money Spent (past, current, future) on New Camaro 2SS:

$8k in payments over 18 months on Camaro 2LT
$13,5k down payment on new Camaro 2SS
60 monthly payments at approx. $460 = $27,6k
________________________________________
= approx. total of $48,6k spent over the course of 78 months (18+60) towards owning a 2SS, the sale price of which = $37,5k (assumed out the door).

I’m just looking at the numbers presented and analyzing them and point out that it is far more expensive to trade up than what many people are led to believe.

There is absolutely NO value statement attached or inferred. Everyone does what they’re comfortable with. As I mentioned previously, I'm considering trading up as well, ergo, my interest in the numbers.

Is it worth it? Depends on what one's values are, what one values and whether they're able and / or willing to afford.

I test drove a 2SS again on Saturday - it certainly has a much different "feel" and sound - out of the box - than the V6 and the acceleration and breaking are absolutely phenomenal.

The bottom line is: It's less expensive to buy the more expensive vehicle right from the start.

If the OP desires for me delete this post, I'll gladly delete this post.

NOOOOOOO!!!!! Leave it!!! This is like Trading 101! Can be more clear than this! Thank You Baba! This help a lot!!!

[Monchy36]

Originally Posted by BowtieBelle

OK I've sat silent for a long while but I gotta say something here.

I have read dozens, and I do mean DOZENS of threads, where you had your six and were so happy with it. You were hating on V8's, calling the mail slot "tacky" and various and sundry other reasons why you LOVED your 6 and would never, ever get an 8.

See here; a few examples: http://www.camaro5.com/forums/showpo...&postcount=219

So the fact that you mention your "upgrade" in almost EVERY post and continue to defend your decision indicates a number of things to me-- a level of insecurity about your decision (like perhaps you aren't giving us the full story), or maybe even a huge desire to keep up with the Joneses. This thread is a prime example: http://www.camaro5.com/forums/showthread.php?t=177520

And whatever the case may be, you have a very nice car. We all know how proud you are of your V8. But after all of your V6 posts, it just seems inordinately hypocritical for you to completely change your position regarding it, and spend ALL Of your time on the forum talking about your upgrade and how much better the SS is. I see you in every trade-in thread; in LOTS of V6 threads; in all of the V6 vs. V8 threads, talking about how happy you are that you upgraded. It is off-putting. I think you probably don't even realize you're doing it. Why do you care so much what people think? You even said after a few V8 comments at a show you decided you just had to have the V8.

I promise, girl, I'm not trying to offend you, honestly; just saying what everyone else has been thinking. If I need to I can go look and find all of your and everyone else's posts on this subject, but I don't think that's necessary, as I'm not trying to start an argument. Just pointing out a fact. Enjoy your SS but sit back and let it ride a little, kwim? Good luck to you.


Now to the OP-- my line of thought is, get what you wanted from the beginning. If someone wants an SS but doesn't have the funds, they should keep saving, not buy a V6.

Me-- I got exactly what I wanted. And for a while I got sick of the haters and had to justify my purchase to everyone dogging the six, but I got over it. Haters gonna hate. A lot of people act like they think those two cylinders equals a bigger weenie.

But that ain't the case. And we all know it.

I don't know why people care so much what other people think. Heckling is definitely a lot of the reason for people trading their V6's in. But who cares what people think?! In the end it's a car, and it's not their car. It's yours. So get what you want, and let the haters hate in their Hyundai Sonatas.

Only i can say... You ROCK Girl!

[E.T.]

The only way to know for sure is to just go to the dealer and crunch some numbers. You might get lucky and get a really sweet deal, or you might end up getting hosed (more likely).

[KrisWithaCamaro]

Originally Posted by Chevrole+

Twin the 6. There is your power and it's still less than the 8. The v8 I was looking at was 32k got the 1lt v6 for 22k and can twin it for 7900. 400+ hp for 2100 less. And better mpg and insurance. While the power is close there is no feeling like forced induction


---
I am here: http://maps.google.com/maps?ll=39.010764,-84.370416
Sidewayz...ALWAYZ

I'm thinking about doing the same. Could you give me any pointers?