05-03-2017, 03:50 PM | #1 |
Drives: Two legs. Join Date: May 2017
Location: SoCal
Posts: 2
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Buying Camaro As First Car
So I'm looking at a Camaro as my first car and I have a few questions regarding price and insurance. I'm looking to buy it used with the model being no less than 2010.
- How much insurance is a 24 year old expected to pay for having a Camaro? - What is a reasonable price for a used Camaro with about 50k or less miles on it? My budget right now is 14,000. I'm not paying the full price as I'm planning to finance it (I have good credit so it's not a problem). Is that a reasonable expectation for what I'd want? - I see a lot of Camaros that are cheaper but have 100k+ miles on it. I'm trying to avoid that since I'm not sure how reliable that will be. Thank you. |
05-03-2017, 04:00 PM | #2 |
Drives: 2015 Camaro 1SS L99 Join Date: Apr 2016
Location: Quad Cities, Iowa
Posts: 623
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Let me help you out since Im a 24 year old Camaro owner
FWIW - My car is a 2015 Camaro SS Insurance - will vary greatly depending on what you elect to have for your coverage options. For example - I have 250,000/500,000 with a $1000 deductible and 1 minor speeding ticket on record and my insurance is roughly $165/month. I am turning 25 and insurance will drop to roughly $110/month. Price expectation: I would assume youre looking into the v6 options - since I doubt an SS has depreciated that low just yet. I would be willing to bet you could find a fairly clean 2010-2013 V6 in the $15,000 range. Reasonable loan at 3% over 60 months puts you at roughly $270/month before a down payment. |
05-03-2017, 04:01 PM | #3 |
Drives: 2015 Camaro 1SS L99 Join Date: Apr 2016
Location: Quad Cities, Iowa
Posts: 623
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Quick look at Kelly Blue Book shows fair purchase price for a base LS V6 around $11,500-$14,000 for a 10-13 Camaro
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05-03-2017, 05:45 PM | #4 |
Drives: 1979 Camaro z28 Join Date: Sep 2016
Location: Ocala, Florida
Posts: 43
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I just bought a 2011 for my son with 71k for $12,500. Don't forget taxes and registration fees. They are out there for under $14k in a v6. Finding a clean in for that kind of money took us 6mo. Go get insurance quotes before you buy.
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1979 Camrin red z28
2010 Camaro red 2lt |
05-04-2017, 12:16 AM | #5 |
"BEASTM*DE"
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Best advise for insurance...
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Vengeance Racing Stage 1 Kit 575rwhp, 569 rwtq...
Rims powder coated gloss black...BFG'S Comp 2 A/S... Dual 10" Kicker Comp S Subs 1200w... |
05-04-2017, 05:37 AM | #6 |
Drives: 2013 1LS, 2013 Ram 1500 Join Date: Mar 2013
Location: Minneapolis, mn
Posts: 645
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Insurance has too many factors ex location, driving history, credit score
what someone pays else where you may double even with the same record, type of car. |
05-04-2017, 10:22 AM | #7 |
Drives: Two legs. Join Date: May 2017
Location: SoCal
Posts: 2
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Thanks for the info guys. Very helpful .
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05-04-2017, 02:01 PM | #8 |
Drives: 2015 Camaro 1SS L99 Join Date: Apr 2016
Location: Quad Cities, Iowa
Posts: 623
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Absolutely! Good luck finding a Camaro. Best advise I could give you - make sure you know insurance cost going in because it might be a deal breaker. That and don't settle for the first car you could afford. Do some looking and make sure you find a perfect match or you will regret settling at some point.
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10-10-2017, 11:14 PM | #9 |
Drives: 2021 Shadow Gray 1LS Join Date: Oct 2011
Location: Streetsboro Ohio
Posts: 1,370
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$17000 bought me a certified used 2015 2LS with 5100 miles on it a year ago.
Keep looking till you find the right one. |
10-11-2017, 07:50 AM | #10 |
Drives: 2002 Camaro SS SOM; 2015 Malibu LTZ Join Date: Dec 2010
Location: Queens, NY
Posts: 4,050
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I'm surprised that I missed this post. My honest opinion is two pronged: I think that it would be fun for a responsible adult to pick up a Camaro as a first car, but I tend to discourage a young beginning driver from purchasing a Camaro, especially a v8 Camaro.
Realize that regardless of age, there is a learning curve in owning and driving a fast and nimble car. You just don't "point and shoot" with Camaros or any fast car. You have to be attentive to the road and use the car responsibly. It also would not hurt if one could get some seat time behind a performance car before picking up a Camaro. This is my honest opinion before owning a Camaro for the first time. Insurance will vary depending on your location and that area's driving statistics. Younger drivers tend to have higher premiums than mature drivers over 30. Shop around with insurance carriers and go with a company that has a proven history of support with claims and customer service.
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'02 CAMARO SS SOM; 5.7L LS1/FLS6B
'08 TBSS AWD Black Granite Metallic '15 Malibu LTZ 2LZ Turbo '14 CAMARO ZL1 Blue Ray Metallic |
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