Thoughts on upgrading to a 2SS

[tritus]

24k is a very good offer for your trade in considering the tax benefits you can't do any better.

[zogster]

Go big or go home, get a ZL1!

I had a V6 (now ZL1). There's absolutely nothing wrong with the V6, but if it doesn't compromise your other finances, then go for the bigger engine. For instance, in my case I already have maxed out my Roth IRA for 2015 and am maxing out my 401k ($1500/month out of my paycheck), so I figure I can reward myself with a completely unnecessary toy for putting so much money away that i won't see for the next 40 years (I'm 26).

I also agree with the others that have said $24k is a great deal on your trade in. If you can get the 2SS for invoice, that's a smoking deal in my opinion because they are giving you so much for the trade.

[CamaroCracka]

Originally Posted by xinfamousxi

I told the dealer I was still checking other means of selling the car. I had mentioned going to Car Max and thats what he mentioned about the taxes.

My sister was selling her company's fleet trucks to CarMax since they stopped doing company trucks. She told me what they were giving her on the last one and it was so cheap I bought the truck and sold it myself on CL in one day and made 5k. CarMax is about the same as the dealer IMO.

Originally Posted by xinfamousxi

Maybe I need to sit down and rethink it because it is true I should maybe save up some more money although my savings contribution will increase I could probably use the extra to pay of the wife's Equinox.

How you use money is always a personal decision and people have different levels of comfort with risk. I understand the common sense logic of having money in the bank, but also realize that the cost of borrowing is at historic lows and will definitely not remain this way forever. With that said, I hate paying interest myself and generally only use credit cards when I get a new one that has 0% for the first year. Then I pay it off before the year is up. I did finance my Camaro and have had a couple of opportunities to pay it off but used the money for other things given the low rate on the loan.

[stoopid]

Originally Posted by eblanchette

For cruising around town, there is no need for a 400 + hp v8, I had a real blast going from coast to coast in that 2011 [V6] convertible.

^^^truth

I would REALLY look at your needs. If you're not racing or feel that you're constantly mashing the pedal wanting more, then stick with the V6.

That said, you are being offered some good numbers from the dealer. The only issue is when gas prices eventually shoot back up, the V6 will still have resale and depending on market conditions, the V8 might actually be a harder resale (not to mention the increased monthly payments and higher gas costs).

Bottom line should be simple - can you afford it and do you really need it?

[CamaroCracka]

Originally Posted by eblanchette

For cruising around town, there is no need for a 400 + hp v8, I had a real blast going from coast to coast in that 2011 convertible.

And big girls can probably do a better job raising your kids than hot skinny ones, but which ones is everybody chasing.

You don't even need a car to get around town. Just drive a scooter and put the big girl on the back.

There are plenty of times I wish my car had a little more HP just driving around town.

[xinfamousxi]

Originally Posted by stoopid

^^^truth

I would REALLY look at your needs. If you're not racing or feel that you're constantly mashing the pedal wanting more, then stick with the V6.

That said, you are being offered some good numbers from the dealer. The only issue is when gas prices eventually shoot back up, the V6 will still have resale and depending on market conditions, the V8 might actually be a harder resale (not to mention the increased monthly payments and higher gas costs).

Bottom line should be simple - can you afford it and do you really need it?

I get what your saying and yes I can afford it do I really need it? No....but there are lots of things I really don't need that I have. I really do get what you are saying though.

I was under the impression gas prices were staying down for the forseeabele future.

[xinfamousxi]

Originally Posted by CamaroCracka

And big girls can probably do a better job raising your kids than hot skinny ones, but which ones is everybody chasing.

You don't even need a car to get around town. Just drive a scooter and put the big girl on the back.

There are plenty of times I wish my car had a little more HP just driving around town.

good point too

[xinfamousxi]

I was hoping to qualify for the zero percent apr Chevy offers sometimes.

[RGRCamaro]

OP you need to get what you want! Just know that everyone saying that there is no need for 400+ HP on the streets, is just an OPINION.

I am 640RWHP + and I DD mine, absolutley love it. I find times to use every bit of horsepower on my commutes and wouldn't trade it for anything. Love the power, and want more. Everyone has different tastes and wants.

In my opinion, if you think you want the extra power, and you'd enjoy it more and have the means, then do it! Life is simply too short to do anything else.

As far as 5th gen vs 6th gen, depends on the situation, I would rather have a model with all the kinks worked out than be a test rat on a new gen, but if you could save for a larger down payment, reduced payments and interest. That is the better finanical decision.

As far as the drop in Gas prices, my company predicts these low prices of under $60 a barrel of oil, to continue through 2015, but I guess we will see what happens.


Good Luck!

[CamaroCracka]

Originally Posted by xinfamousxi

I was under the impression gas prices were staying down for the forseeabele future.

The oil minister of Saudi Arabia said oil will not be at $100 a barrel for the foreseeable future.

[stoopid]

All the "experts" had oil at record HIGHS at this time when asked 12 months ago.

Oil is a limited commodity, it will eventually run out and the control over the biggest and easiest to access quantities are not on American soil. Once OPEC has squeezed the competition out of the market they'll get back to their usual (higher) price fixing ways.

[CamaroCracka]

Originally Posted by stoopid

All the "experts" had oil at record HIGHS at this time when asked 12 months ago.

Oil is a limited commodity, it will eventually run out and the control over the biggest and easiest to access quantities are not on American soil. Once OPEC has squeezed the competition out of the market they'll get back to their usual (higher) price fixing ways.

Uh, that's probably not going to work since the all the fracked wells that go offline when oil goes below a certain price would just be brought back online. They don't control enough of the market any longer.

We should also continue to expand our horizons granting exploration rights and building pipelines and refineries, but that is another forum. The fracking revolution proved we don't have to be slaves OPEC, we just have to be proactive.

[stoopid]

Originally Posted by CamaroCracka

Uh, that's probably not going to work since the all the fracked wells that go offline when oil goes below a certain price would just be brought back online. They don't control enough of the market any longer.

We should also continue to expand our horizons granting exploration rights and building pipelines and refineries, but that is another forum. The fracking revolution proved we don't have to be slaves OPEC, we just have to be proactive.

You're assuming we don't mind pooping where we sleep. Fracking is bad, m'kay?

But yes, it's only a warning shot from the Saudis. They know once the price rises to being profitable again the competition will be firing things back up. It's a strategy, just not a great one.

Ultimately none of this should matter in a few decades. New fuel types are in the works that will make using oil obsolete and still run our combustion vehicles (in addition to battery operated and solar powered cars).

http://en.wikipedia.org/wiki/Algae_fuel

[CamaroCracka]

Originally Posted by stoopid

You're assuming we don't mind pooping where we sleep. Fracking is bad, m'kay?

But yes, it's only a warning shot from the Saudis. They know once the price rises to being profitable again the competition will be firing things back up. It's a strategy, just not a great one.

Ultimately none of this should matter in a few decades. New fuel types are in the works that will make using oil obsolete and still run our combustion vehicles (in addition to battery operated and solar powered cars).

http://en.wikipedia.org/wiki/Algae_fuel