Is anyone else trading in their camaro ss for the zl1?

[1BADZL1]

Originally Posted by Drake Heminger

guys this doesnt help... how can i bargain my car? i dont wanna get ripped off ):

Ok. All we can do is give you advice right? You are the one that has to make the final decision.
Not knowing all the details I will make this as simple as I know how or we can make it complicated.
Again, anything we offer you here is pure opinion fair nuff?

What are the details on your car?
year, mileage, auto or standard, and which trim package?
What is your bottom dollar asking price to anyone?
Your best bet is to sell it outright and you have indicated you can't do that so we already know dealer will not give you your asking price. So that is the first hurdle that you really don't have a choice over but it is fact and you will need to finance or pay the difference between what the dealer says they are giving you vs the price your paying for the ZL1.

[1BADZL1]

ok your saying 27k for your car is bottom dollar..
How many miles on it and is it auto or standard?

[Drake Heminger]

its a 2011 auto 13k miles

[Drake Heminger]

well see i only owe 17k on my car... but im using my equity to pay the difference in the value of the car to how much i got on my loan which is only 43k

[Drake Heminger]

i plan on trading in my car at 15k in hopes to get 10k-12k in equaity to help pay the difference... i also have money saved up just incase...

[Blue17CamaroZL1]

Originally Posted by Drake Heminger

i plan on trading in my car at 15k in hopes to get 10k-12k in equaity to help pay the difference... i also have money saved up just incase...

Granted you've calculated all of that through, but have you calculated the fact that the MSRP of the ZL1 is $54,095 (base) + the $2600 gas guzzler tax, then you have to add all of your regular taxes, title and licensing on top of that.

If getting a trade in amount under $27K is gonna put you in a hole, then I would suggest holding off on the ZL1 and wait till you can accept whatever deal the dealer is going to give you, and still be able to buy the car on your own terms.

[Drake Heminger]

yea i will just have to see but i expect since i also put a depost of 4k down and a mark up of 1k 3k will go to the msrp so i think it will be 63k out the door

[1BADZL1]

Originally Posted by Drake Heminger

but i got offered 28k early this month...

That offer is dead on the money...
If you are trading in, you should have took it and ran...
Keep in mind these prices change up and down, up and down..
same as the dealers....

I have your trade in between NADA and KBB to be right about $28,680
and retail to be $31,181.
So you are taking at least 3 grand or more up the keester for trading in.

[1BADZL1]

Originally Posted by Drake Heminger

yea i will just have to see but i expect since i also put a depost of 4k down and a mark up of 1k 3k will go to the msrp so i think it will be 63k out the door

How much is your markup? 1k or 3K?

[Drake Heminger]

1k mark-up sorry but i put 4k down (because of my age) and thats where i say they owe me 3k

[Blue17CamaroZL1]

Let's put your numbers together and see if this could work for you. These are approximates based upon what you've described, base ZL1 with $3k mark up, $27k trade in and $4k deposit. You can find this calculator on edmunds.com:

[Drake Heminger]

that seem preety accurate... but sorry it is 1k mark up with a 4k deposit... but this helped give me an idea thx! (:

[1BADZL1]

I am not sure where else where you want to go with this?
Looks like you will have about $9k to $10k equity...MAYBE..
but taxes, gas guzzler, are going to mop up that equity pretty quick...
So your pretty much starting over pal.. Sorry.. it is what it is...
Anything left over will be tacked on to your note...
By the time you trade in these numbers will do down, the zl1 numbers will go up...
Your better off finding a buyer for your SS on here than trading it towards the ZL1 IMHO. Good luck maybe the other c5 members math will work out better for ya.
Good luck

[Drake Heminger]

appreciate it guys... ill figure something out... ill prolly stop paying my car down and just put the money in savings until i get an appraisel sometime in feb...then once i get that number ill drop 8k or so on my ss to help with the approval of my new loan... (less debt)