To sell or not to sell.. - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Patten · 07-08-2014, 02:39 PM

Just got orders to Korea for a year and my follow on assignment to Germany. I can not take my car to Korea, and we are only allowed to ship one vehicle to Germany (4 years). The one vehicle will be our Flex for my family. I am paying on my Camaro and owe just under $30,000 but I have 0% financing. The car just passed 10,000 miles yesterday.

So do hold on to the Camaro or do I sell it before I leave? What are the potential pitfalls of storing a Camaro for 5 years? Thanks!

01pewterz28 · 07-08-2014, 02:43 PM

Sell it your downside is you will not get $30k for it you might get $23k-$24k.

Good luck overseas

goinggone14 · 07-08-2014, 02:43 PM

Tough decision. Holding onto the car for that long will reduce it's value (based on age rather than miles) and could potentially expose it to all the things that dormant vehicles might endure. Think dead battery, possible corrosion, etc.

On the other hand, it seems like your car is new enough that you probably haven't recouped the cost of financing it brand new compared to the initial depreciation.

I would see what it's worth; if the value of the car can wipe out the remainder of your loan than I can't imagine why you wouldn't sell it and buy again when you have the opportunity. If you have to take a loss then you'll be facing the hard decision.

goinggone14 · 07-08-2014, 02:47 PM

Quote:

Originally Posted by 01pewterz28

Sell it your downside is you will not get $30k for it you might get $23k-$24k.

Good luck overseas

A 2012 SS/RS should sell for more than $23-24k in the private market. The 3 year dealer residual value for Camaros is generally in the 65% range on a lease, so that's what you might expect for a good price.

PalmerGA · 07-08-2014, 02:53 PM

One thing's for sure... I would not make payments on a car that I couldn't drive for 5 years. Otherwise, it's up to you - would the Camaro fit your "family needs" in Korea and Germany?

On a side note... you're going to Korea for a year and then directly to Germany for 4 years? Don't know your specific military status (I assume Air Force enlisted), but it sounds like you're getting screwed.

invaderzim · 07-08-2014, 03:16 PM

Quote:

Originally Posted by 01pewterz28

Sell it your downside is you will not get $30k for it you might get $23k-$24k.

Good luck overseas

He'll get close to thirty. A friend just traded in a 12 2ss with 7k miles for a truck and she got 29k for it in trade in. For a 1ss if he sold it outright he should get close. Maybe 27k minimum and just take a small-ish $2k+ hit or so

ChrisBlair · 07-08-2014, 03:22 PM

One thing I have learned about selling cars I own is that anyone might be 100% correct that a car you're selling privately is "worth" X amount of dollars. Perfectly accurate to say and know it's worth that much.

The problem is how much can you get a buyer to buy it for. I've bought used cars for less than they are worth. Seller didn't want it to go down that way. You need a 'motivated buyer' to agree with your 100% accurate and correct determination of value. Sometimes it happens.

pickwithaustin · 07-08-2014, 03:46 PM

Consider in what your cost will be for storing it AND keeping it on insurance (because as long as it's financed, you have to keep full insurance on the beast).

01pewterz28 · 07-08-2014, 03:49 PM

Quote:

Originally Posted by invaderzim

He'll get close to thirty. A friend just traded in a 12 2ss with 7k miles for a truck and she got 29k for it in trade in. For a 1ss if he sold it outright he should get close. Maybe 27k minimum and just take a small-ish $2k+ hit or so

I would not be so sure about that have you seen the classified ads on C5? In reality if he sells it to a dealership they will offer him $19-$21k if he can sell privately he might be able to pull $24k-$25k. The issue is he has a 3 Year old car (2015 model year is happening now) plus it's a 1SS vs. the more desirable 2SS because of the extra options.

- 2013 1LE 12k miles $33k
- 2013 1LE 2SS/RS 9k, $36k
- 2013 1LE 400 miles $36k
- 2014 1LE 2400 miles, $36k
- 2014 1LE 8k miles $32.5k
- 2013 2SS/RS 13.3k miles $30,800

If I was in the market I would not pay anymore than $25k.

PoorMansCamaro · 07-08-2014, 03:51 PM

i'd part it out, and then sell it as close as stock as you can, and then just eat the loss, if there is any.

13umble13ee · 07-08-2014, 04:40 PM

when I went to a dealer I got them to quote me 19k on my 2012 1LS m6 with 12k miles. is it possible to entrust a reliable friend to sell it while you are gone? family members? that way you don't have to deal with all the tire kickers and joy riders. then offer the person selling it the ability to drive it until it sells as incentive?

Rock-It Man · 07-08-2014, 04:49 PM

I don't see a problem with storing 5 years it if you put it in a professional car storage facility. That is, climate controlled, gas tank drained, cylinders oil fogged, and battery tender connected. Write off the tires. You will need to replace them when you get back.

But that's gonna cost around $3,000 per year.

So selling sounds good unless you have a totally trustworthy buddy to leave the car with who will pamper it in exchange for the occasional joy ride.

rebelyell22 · 07-08-2014, 04:53 PM

Try this. I think it's your best option. https://www.adkos.com/

13umble13ee · 07-08-2014, 04:56 PM

Quote:

Originally Posted by 01pewterz28

I would not be so sure about that have you seen the classified ads on C5? In reality if he sells it to a dealership they will offer him $19-$21k if he can sell privately he might be able to pull $24k-$25k. The issue is he has a 3 Year old car (2015 model year is happening now) plus it's a 1SS vs. the more desirable 2SS because of the extra options.

- 2013 1LE 12k miles $33k
- 2013 1LE 2SS/RS 9k, $36k
- 2013 1LE 400 miles $36k
- 2014 1LE 2400 miles, $36k
- 2014 1LE 8k miles $32.5k
- 2013 2SS/RS 13.3k miles $30,800

If I was in the market I would not pay anymore than $25k.

I so wish you were right. I still see 2011 1 ss rs for 30k I am in GA and this is a quick search on auto trader, both private and dealer for my area gave me this.

http://www.autotrader.com/cars-for-s...CAM%7CSS&Log=0

If they were actually around 25k I would be in a lightly driven 1SS RS 2 months ago

07-08-2014, 02:39 PM	#1
Patten Drives: 2012 Camaro 1SS RS Inferno Orange Join Date: Apr 2013 Location: Ogden Utah Posts: 41	To sell or not to sell.. Just got orders to Korea for a year and my follow on assignment to Germany. I can not take my car to Korea, and we are only allowed to ship one vehicle to Germany (4 years). The one vehicle will be our Flex for my family. I am paying on my Camaro and owe just under $30,000 but I have 0% financing. The car just passed 10,000 miles yesterday. So do hold on to the Camaro or do I sell it before I leave? What are the potential pitfalls of storing a Camaro for 5 years? Thanks! __________________ 2012 Camaro 1SS/RS, Hurst Short Throw, Inferno Orange. Mods: Billy Boat Full 3" exhaust, Billy Boat 1 3/4 Long Tube Headers, Cold Air Inductions Pipeline CAI, Vmax Throttle Body, Tune by JRE

07-08-2014, 02:43 PM	#2
01pewterz28 #TeamBeckyD Drives: 2017 HBM 2SS Convertible A8 Join Date: Aug 2008 Location: Apopka, FL Posts: 10,496 View My Garage	Sell it your downside is you will not get $30k for it you might get $23k-$24k. Good luck overseas __________________ #TeamBeckyD FIFTY HBM 2SS VERT

07-08-2014, 02:53 PM	#5
PalmerGA Drives: 2013 SIM 1SS/RS L99 Join Date: May 2012 Location: Southwest GA Posts: 8,755 View My Garage	One thing's for sure... I would not make payments on a car that I couldn't drive for 5 years. Otherwise, it's up to you - would the Camaro fit your "family needs" in Korea and Germany? On a side note... you're going to Korea for a year and then directly to Germany for 4 years? Don't know your specific military status (I assume Air Force enlisted), but it sounds like you're getting screwed. __________________ 2013 1SS/RS Coupe L99, Stainless Power Works LT Headers, SCT X4 Custom Tune from RDP, CAI Inc. Air Intake w/ Apex Scoop, VMAX CNC Ported Throttle Body, Solo Axle-Back Exhaust w/ J-pipes, Apex Catch Can, Husky Splash Guards, Heritage Grille, 3D Carbon Rear Spoiler, Oracle Chrome Turn Signal Bulbs, GM Reverse Light Trim Billets, Gorilla Black Locking Lugs, Emblem Pros Retro SS Badges/Custom Retro SS Kickplates/Under-hood Bowtie, 35% window Tint, Nitto Motivo Tires (6-8-18)

07-08-2014, 03:22 PM	#7
ChrisBlair Buick 455 Fan Drives: 1970 Buick, 2012 1SS LS3 Join Date: Jun 2010 Location: Boston MA Posts: 5,957	One thing I have learned about selling cars I own is that anyone might be 100% correct that a car you're selling privately is "worth" X amount of dollars. Perfectly accurate to say and know it's worth that much. The problem is how much can you get a buyer to buy it for. I've bought used cars for less than they are worth. Seller didn't want it to go down that way. You need a 'motivated buyer' to agree with your 100% accurate and correct determination of value. Sometimes it happens. __________________

07-08-2014, 03:46 PM	#8
pickwithaustin Drives: 2011 Camaro 2SS/RS Convertible and: Join Date: May 2014 Location: Central Texas Posts: 1,863	Consider in what your cost will be for storing it AND keeping it on insurance (because as long as it's financed, you have to keep full insurance on the beast). __________________ --------------------------- Currently in my Garage: 2011 Camaro 2SS/RS Convertible \| 1980 Corvette Stingray \| 1981 Firebird \| 1968 El Camino \| 2007 Crown Vic Police Interceptor \| 2001 Silverado \| 2001 Blazer \| 1965 Chevy C-10 \| 2007 Harley Softail Custom \| 2013 MX-5 in Copper Red Mica \| 2000 Corvette Convertible \| 2010 Corvette Grand Sport \| 2006 Audi A3 Turbo \| 2008 BMW 328i

07-08-2014, 02:43 PM	#3
goinggone14 Drives: 2014 Camaro 1SS / RS Join Date: May 2014 Location: New Jersey Posts: 394 View My Garage	Tough decision. Holding onto the car for that long will reduce it's value (based on age rather than miles) and could potentially expose it to all the things that dormant vehicles might endure. Think dead battery, possible corrosion, etc. On the other hand, it seems like your car is new enough that you probably haven't recouped the cost of financing it brand new compared to the initial depreciation. I would see what it's worth; if the value of the car can wipe out the remainder of your loan than I can't imagine why you wouldn't sell it and buy again when you have the opportunity. If you have to take a loss then you'll be facing the hard decision.

07-08-2014, 03:51 PM	#10
PoorMansCamaro Drives: Really Slow Join Date: Apr 2010 Location: PA Posts: 56,955	i'd part it out, and then sell it as close as stock as you can, and then just eat the loss, if there is any. __________________

07-08-2014, 04:40 PM	#11
13umble13ee Drives: 2012 1LS V6 LFX Join Date: Jun 2014 Location: Atlanta GA Posts: 134	when I went to a dealer I got them to quote me 19k on my 2012 1LS m6 with 12k miles. is it possible to entrust a reliable friend to sell it while you are gone? family members? that way you don't have to deal with all the tire kickers and joy riders. then offer the person selling it the ability to drive it until it sells as incentive?

07-08-2014, 04:49 PM	#12
Rock-It Man 376 cubic inches of fun Drives: 2023 Camaro ZL1 A10 Join Date: Jul 2010 Location: MA Posts: 4,027 View My Garage	I don't see a problem with storing 5 years it if you put it in a professional car storage facility. That is, climate controlled, gas tank drained, cylinders oil fogged, and battery tender connected. Write off the tires. You will need to replace them when you get back. But that's gonna cost around $3,000 per year. So selling sounds good unless you have a totally trustworthy buddy to leave the car with who will pamper it in exchange for the occasional joy ride.

07-08-2014, 04:53 PM	#13
rebelyell22 Drives: 2011 SIM 2SS/RS LS3 Join Date: Sep 2013 Location: Tupelo, MS Posts: 5,902	Try this. I think it's your best option. https://www.adkos.com/ __________________ 2011 2SS/RS built 8/24/10