Need some advice on selling my 1LE - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

BATMOB1LE · 10-26-2016, 12:23 PM

so, i'm 30, just got married, moved out of my parents home and built a house. I stayed home longer to save money to build my house, which worked great. my 1LE is a 2013 with 9000 km on it. It's my toy. Not a DD in the least.

Priorities are shifting and life is changing and I'm thinking about selling it to buy something I can drive year round and put some money in my pocket. Right now it goes away from November to May.

Thing is, I owe nothing on it and I have a buyer for it for $40,000. I could get another car and bank some money, which would come in handy in the spring when I have to finish my driveway and do my landscaping...

What's getting to me is the idea of selling it is tough! I love my car. It turns a lot of heads and it's a lot of fun. But it just doesn't make sense, at this point in my life.

I'm basically looking for any wisdom from people that have been in the same predicament... how to ease this process???

Thanks in advance!

maddoggyusa · 10-26-2016, 12:26 PM

for $40k, I'd let her go. get the family going... enjoy the family... in time I think you'll make your way back.

14Black1LESS · 10-26-2016, 12:37 PM

Im assuming that is $40k in Canadian dollars. If its American dollars then Id sell it in a heartbeat.

arkentect · 10-26-2016, 01:00 PM

So I haven't been in this situation before, However, I'm only a few years younger than you and might come across this question as well.

Since you owe nothing on the vehicle its only costing you insurance, gas, and maintenance. Unless you're tight for money I would keep the camaro, because once you sell a toy it takes a lot to get it back. There will always be something else that the money needs to go to. Kids, House, Vacation, appliances, the list goes on and on.

BATMOB1LE · 10-26-2016, 01:07 PM

Quote:

Originally Posted by maddoggyusa

for $40k, I'd let her go. get the family going... enjoy the family... in time I think you'll make your way back.

Tough call. But that is what I'm thinking...

Quote:

Originally Posted by 14Black1LESS

Im assuming that is $40k in Canadian dollars. If its American dollars then Id sell it in a heartbeat.

Definitely Canadian.

Quote:

Originally Posted by arkentect

So I haven't been in this situation before, However, I'm only a few years younger than you and might come across this question as well.

Since you owe nothing on the vehicle its only costing you insurance, gas, and maintenance. Unless you're tight for money I would keep the camaro, because once you sell a toy it takes a lot to get it back. There will always be something else that the money needs to go to. Kids, House, Vacation, appliances, the list goes on and on.

Thing is, it's a toy. I'm not strapped for cash... but I'd have to go out an finance another car. All the while, I'm new to this home owner/married thing, and there will definitely be expenses next spring finishing the build. I just don't know if tying up all that money is a good idea. If I sold it, I could buy a car cash and use the left over for stuff without having to go into my bank accounts.

BATMOB1LE · 10-26-2016, 01:11 PM

p.s. I was so busy in 2016, building the house etc that I put 200km on it... all year.

qcman · 10-26-2016, 01:13 PM

Quote:

Originally Posted by arkentect

So I haven't been in this situation before, However, I'm only a few years younger than you and might come across this question as well.

Since you owe nothing on the vehicle its only costing you insurance, gas, and maintenance. Unless you're tight for money I would keep the camaro, because once you sell a toy it takes a lot to get it back. There will always be something else that the money needs to go to. Kids, House, Vacation, appliances, the list goes on and on.

I agree with this. Don't forget too that when you buy your next car if it is in any way decent you will pay another 13% sales tax at that time too. So assuming you would spend 30k on a decent car it wouldn't leave that much after taxes. Mind you 40k Canadian for a 2013 is a pretty good price at this stage too for you.

So I feel your pain and understand your dilemma. Mine is also a paid for 2013 toy with 45k km on it and I really don't think I could part with it. I bought it just after turning 50 and it was a car I had admired for a long time before that. Mine is parked from end of November til late March usually.

MrChrisLS3 · 10-26-2016, 01:28 PM

Quote:

Originally Posted by BATMOB1LE

Tough call. But that is what I'm thinking...

Definitely Canadian.

Thing is, it's a toy. I'm not strapped for cash... but I'd have to go out an finance another car. All the while, I'm new to this home owner/married thing, and there will definitely be expenses next spring finishing the build. I just don't know if tying up all that money is a good idea. If I sold it, I could buy a car cash and use the left over for stuff without having to go into my bank accounts.

I guess it really boils down to what the car means to you and what having it does for you.

JLSuperfly · 10-26-2016, 01:28 PM

I don't know how it works in Canada but in California, there is this thing called "community property". Any property I owned (car and a condo that is now a rental) before I got married is mine and mine only. In other words, I have no plans of ever selling these.

Just a thought.

ytown87 · 10-26-2016, 01:31 PM

sell for 40k. go find a used CTS-V for 40k

nikon2003 · 10-26-2016, 03:05 PM

I have a corvette that just sits in the garage and collects dust, I've contemplated selling it but it's paid for and costs minimal to keep.

The reason I keep it is that if I change my mind 5-10years down the road and I want another, it'll cost me significantly more MSRP, EXCISE tax etc to get into that car again.

14Black1LESS · 10-26-2016, 03:12 PM

Quote:

Originally Posted by nikon2003

I have a corvette that just sits in the garage and collects dust, I've contemplated selling it but it's paid for and costs minimal to keep.

The reason I keep it is that if I change my mind 5-10years down the road and I want another, it'll cost me significantly more MSRP, EXCISE tax etc to get into that car again.

That is true but the value of a Camaro depreciates more than a Corvette so it wouldn't be all that difficult to get back into another Camaro.

To the OP, I would keep it unless you are needing to sell it for the money.

DRKS1D3 · 10-26-2016, 03:24 PM

(I'm 35) It's only a car. If you need money for other priorities, sell it and be smart. Never sell yourself short...especially over a vehicle. You want to retire sooner than later; therefore, banking extra money every month should be your highest priority. You can always buy another car at a later time. They make them everyday. Good luck.

JLSuperfly · 10-26-2016, 03:47 PM

Back in 2002, I had a Toyota AE86 (for those not familiar or do not know Initial D, it was a mid 80's RWD Corolla with a 4AGE engine). I sold it because my wife wanted new flooring in the house we just bought. It didn't need new flooring, she just wanted one. We moved to a new house since. I regret selling that car to this day because there is nothing out there for sale in the condition this car was in.

10-26-2016, 12:23 PM	#1
BATMOB1LE • HT • Drives: 2013 2SS/RS 1LE Join Date: Nov 2012 Location: Canada Posts: 907	Need some advice on selling my 1LE so, i'm 30, just got married, moved out of my parents home and built a house. I stayed home longer to save money to build my house, which worked great. my 1LE is a 2013 with 9000 km on it. It's my toy. Not a DD in the least. Priorities are shifting and life is changing and I'm thinking about selling it to buy something I can drive year round and put some money in my pocket. Right now it goes away from November to May. Thing is, I owe nothing on it and I have a buyer for it for $40,000. I could get another car and bank some money, which would come in handy in the spring when I have to finish my driveway and do my landscaping... What's getting to me is the idea of selling it is tough! I love my car. It turns a lot of heads and it's a lot of fun. But it just doesn't make sense, at this point in my life. I'm basically looking for any wisdom from people that have been in the same predicament... how to ease this process??? Thanks in advance! __________________ 2013 Camaro 2SS/RS/1LE - 402 of 451 "BATMOB1LE" - Xpel Stealth Wrap - ZL1 Rockers - 18% Tint - Custom Badges - Heritage Grille - BMR 1.4" Springs - Solo Performance Axel-Back Exhaust - Recaro Sport Seats

10-26-2016, 12:37 PM	#3
14Black1LESS Drives: 2014 2SS/RS/1LE Join Date: Mar 2015 Location: Hurricane Alley Posts: 695	Im assuming that is $40k in Canadian dollars. If its American dollars then Id sell it in a heartbeat. __________________

10-26-2016, 01:00 PM	#4
arkentect Drives: 2010 Camaro SGM 1LT M6 Join Date: Jan 2015 Location: Rochester, NY Posts: 1,630	So I haven't been in this situation before, However, I'm only a few years younger than you and might come across this question as well. Since you owe nothing on the vehicle its only costing you insurance, gas, and maintenance. Unless you're tight for money I would keep the camaro, because once you sell a toy it takes a lot to get it back. There will always be something else that the money needs to go to. Kids, House, Vacation, appliances, the list goes on and on. __________________ Arkentect's Build Thread!! - UPSTATE C5 MEMBER 2010 SGM M6 1LT - SOLD Current - 2009 C6 Corvette Z51

10-26-2016, 01:11 PM	#6
BATMOB1LE • HT • Drives: 2013 2SS/RS 1LE Join Date: Nov 2012 Location: Canada Posts: 907	p.s. I was so busy in 2016, building the house etc that I put 200km on it... all year. __________________ 2013 Camaro 2SS/RS/1LE - 402 of 451 "BATMOB1LE" - Xpel Stealth Wrap - ZL1 Rockers - 18% Tint - Custom Badges - Heritage Grille - BMR 1.4" Springs - Solo Performance Axel-Back Exhaust - Recaro Sport Seats

10-26-2016, 01:31 PM	#10
ytown87 Drives: C6 Corvette Join Date: Sep 2013 Location: Tampa, FL Posts: 1,264	sell for 40k. go find a used CTS-V for 40k __________________ 2008 C6 m6. Carbon creations front/rear carbon fiber wodebody fenders. Carbon fiber hood carbon fiber roof hoop carbon fiber zr1 extreme spoiler. NW 102mm tb. Ported intake manifold. Cometic .040 head gaskets. LG motorsports G6x3 cam. DSX flex fuel sensor. AEM methanol kit. Z06 brakes. Ebiach sway bars. ZR1 rep wheels and Nitto Invo tires. Monster stage 3 twin disc clutch. MGW short shifter. Corbeau race seats. Gforce race harnesses. SLP loudmouth 2 mufflers. Carbon fiber exhaust tips. RPM stage 4 transmission and Stage 3 rear diff. 3.73 gears. Vararam cai. Kooks 1 7/8 headers and x-pipe.

10-26-2016, 12:26 PM	#2
maddoggyusa Drives: 2013 Camaro Dusk 2SS/6 Join Date: Sep 2013 Location: New Jersey Posts: 1,586	for $40k, I'd let her go. get the family going... enjoy the family... in time I think you'll make your way back.

10-26-2016, 01:28 PM	#9
JLSuperfly Drives: 2014 Red Hot LS3 Join Date: Oct 2014 Location: SF Bay Area, CA Posts: 4,266	I don't know how it works in Canada but in California, there is this thing called "community property". Any property I owned (car and a condo that is now a rental) before I got married is mine and mine only. In other words, I have no plans of ever selling these. Just a thought.

10-26-2016, 03:05 PM	#11
nikon2003 Drives: 2010 Chevrolet Camaro 2SS/RS Join Date: Dec 2015 Location: Massachusetts Posts: 229	I have a corvette that just sits in the garage and collects dust, I've contemplated selling it but it's paid for and costs minimal to keep. The reason I keep it is that if I change my mind 5-10years down the road and I want another, it'll cost me significantly more MSRP, EXCISE tax etc to get into that car again. __________________ 2014 Sierra Denali 6.2 ... Daily Driver 2012 Camaro ZL1... m6 stock toy 1999 Trans Am... Waiting for a new heart

10-26-2016, 03:24 PM	#13
DRKS1D3 Drives: '17 Corvette Grand Sport M7 Join Date: May 2012 Location: Pennsylvania Posts: 3,748	(I'm 35) It's only a car. If you need money for other priorities, sell it and be smart. Never sell yourself short...especially over a vehicle. You want to retire sooner than later; therefore, banking extra money every month should be your highest priority. You can always buy another car at a later time. They make them everyday. Good luck. __________________ MY RIDE: 2017 CORVETTE GRAND SPORT--TRIPLE BLACK, 7 SPEED MANUAL, VARARAM TCR-7 INTAKE, BORLA CATLESS X-PIPE, CARBON FIBER STAGE 2 AERO, MGW SHORT-THROW SHIFTER SOLD2011 TRIPLE BLACK SS CONVERTIBLE--6 SPEED MANUAL, MANY MODS, 455 RWHP/435 RWTQ DAD'S RIDE: 2012 ZL1 #1866--BLACK, 6 SPEED MANUAL, EXPOSED CF HOOD, POLISHED WHEELS, SUNROOF, ROTO-FAB INTAKE "Silly Americans, taking from the rich and giving to the poor only works in fairy tales. Success is earned here!".

10-26-2016, 03:47 PM	#14
JLSuperfly Drives: 2014 Red Hot LS3 Join Date: Oct 2014 Location: SF Bay Area, CA Posts: 4,266	Back in 2002, I had a Toyota AE86 (for those not familiar or do not know Initial D, it was a mid 80's RWD Corolla with a 4AGE engine). I sold it because my wife wanted new flooring in the house we just bought. It didn't need new flooring, she just wanted one. We moved to a new house since. I regret selling that car to this day because there is nothing out there for sale in the condition this car was in.