05-26-2016, 05:18 PM | #29 | |
Drives: 1969 Mustang MaCh1 Join Date: Nov 2015
Location: SJ
Posts: 835
|
Quote:
Really wishful thinking actually. A car drops about 10% off the lot, and then about 10% a year afterwards. A 4 year old car only has about 50% of it's value. A 5% drop in depreciation doesn't happen until year 7 or 8.
__________________
1969 Pro-Touring MaCh 1 - CHP 427w 10.8 comp - 3140 lbs. - 460 rwhp / 490 rwtqT56 Magnum || 14" 6 piston front / 13" 4 piston rear Wilwood brakes || Hydraulic clutch || 9" Detroit Locker || TCP Coilovers || Forgeline Wheels 18x10 275/35 front, 19x12 325/30 rear |
|
06-11-2016, 02:41 AM | #30 |
Drives: '16 2SS GD1 MX0 NPP F55 IO6 Join Date: Jun 2013
Location: Florida
Posts: 1,298
|
GM will only be selling cars during 20% off MSRP events soon enough. They have played too many pricing games and over-inflated their positions repeatedly each year.
The Mustang is back on the throne for sales and we're look at 2000-2002 for the Camaro again already. At the current trends the Challenge will overtake the Camaro in late 2017. Yes, that POS sardine can is trending to outsell the 2+2 performance champ. If that doesn't tell you GM has screwed the pooch on pricing, I don't know what does. If you want a loaded 2SS, wait until Sep-Oct of this year. If you want a ZL1, wait until that same time next year. If you get the 20% off, and put 10% down, you're ahead on day one and will never owe more than your trade-in. And yes, the 10% off the lot & 10% of original price for years 1-5 is pretty accurate. On year 6-8, you'll see 10% of residual price. After that you've hit rock bottom as long as you maintain the vehicle. Push it another 17 years past that and you'll start to appreciate as the number remaining in the wild go into the low thousands or hundreds (but only on the top models -- my 2013 2LT will not appreciate like a 2013 2SS or ZL1 will). |
06-18-2016, 08:31 AM | #31 |
Drives: Acura MDX Join Date: Dec 2015
Location: Washington, DC
Posts: 69
|
Did GM run 20% on last gens ZL1s? As someone mentioned buying a GT350 at MSRP is impossible. The R was marked up $100k at my dealer and the non-R about $20k. I'm going to be buying another car around this time next year so really interested to hear what pricing to expect on the ZL1 after the initial rush.
__________________
Previous - 2006 350z 6M, 2008 335i Coupe 6M
Current - 2015 RC F, 2016 MDX Future - ? |
06-18-2016, 09:00 AM | #32 |
Account Suspended
Drives: '69 RS Pro Street Join Date: Feb 2016
Location: East Coast
Posts: 939
|
Buy it. Drive it. Enjoy it. Stop thinking about it.
|
06-18-2016, 01:04 PM | #33 |
Drives: 2016 camaro 1ss Join Date: Mar 2016
Location: Bath, Nc
Posts: 251
|
I kno I had a 2010 BMW 528i and hardly drove it to save miles and value. Boy what was I thinking! Dealership really tried to screw me!!
__________________
2016 Camaro 1SS
M6, NPP, MRC, sunroof, black hashmarks, black bowties, Low gloss black 20" wheels |
06-21-2016, 03:22 AM | #34 |
Drives: 2014 Z/28; 2014 Ram 2500 CTD Join Date: Jan 2014
Location: DFW-Fairview
Posts: 498
|
55k at 3 years?!?!?!?!?! No way, unless they are msrp at 100k.......
__________________
2015 Silverado 2500
2014 Z/28 |
06-21-2016, 11:29 AM | #35 |
Brewmaster
Drives: 2013 ZL1, 2015 Tundra 1794 Join Date: Jan 2011
Location: Cary, Illinois
Posts: 256
|
__________________
"Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting "...
holy sh*t...what a ride!" |
06-22-2016, 04:05 PM | #36 |
Drives: 99 Z28 M6 / 15 Silverado LTZ Z71 CC Join Date: May 2016
Location: New Hampshire
Posts: 20
|
"The house is the asset, the car is the loss."
|
06-22-2016, 09:24 PM | #37 |
Drives: 2014 Z/28; 2014 Ram 2500 CTD Join Date: Jan 2014
Location: DFW-Fairview
Posts: 498
|
nah, homes are becoming like used cars too.....
__________________
2015 Silverado 2500
2014 Z/28 |
06-23-2016, 07:51 AM | #38 |
Drives: 2015 ZL1 Black #100 Join Date: Oct 2014
Location: The Colony, TX
Posts: 102
|
I don't know what part of DFW you live in, but we are making a nice profit on the sale of our house. Every used car I have sold has been for a loss.
Every investment (purchasing a house) is a risk, but normally this is an appreciating asset. The purchase of a car is a depreciating asset. As soon as you drive it off the lot, you have lost money. |
06-23-2016, 08:23 AM | #39 |
Drives: 2001 Audi TT, 2016 Camaro Join Date: May 2016
Location: Eastern Washington
Posts: 833
|
And just an FYI, there is a '15 ZL1 on the lot one town over from me listed for $48K with 20k miles on it. I seriously thought about it, but the new 2SS won me over.
|
07-01-2016, 02:41 PM | #40 |
Drives: 2017 ZL1 10 Speed Hyper Blue Join Date: Jul 2016
Location: Canada
Posts: 1,349
|
Don't forget the 2017 ZL1 is a "FIFTY" car. Could be a collector some day...
|
07-08-2016, 02:07 PM | #41 |
Sounds like it holds around 55 percent of sticker after 3 years and around 10k per year?
Usually leasing depreciates around 55 percent over three years...so it costs about ten percent more? Does that sound about right?
__________________
2008 Blk C6 Z51 NPP M6/2008 Silver CTS AWD FE2 304hp
|
|
07-10-2016, 02:16 PM | #42 |
Drives: 2016 Z06/7. Join Date: Aug 2014
Location: Katy
Posts: 309
|
It's all relative. I lost $8k on my 14 Zl1. Bought new, traded in with 8000 miles. I figured, eh, not bad. I took a $30k hit on my 15 GTR. Bought new at $105k, got $75k in trade with 8000 miles.
I have a 16 Z06/7 right now. Bought new for $110k, would prob get $80k on trade so. I think the Zl1 holds value pretty damn well. It's a car. You are going to lose money if you buy new.
__________________
There's only 2 people I trust. One of them is me, the others not you.
|
|
|
Post Reply
|
|
|