11-05-2013, 08:59 PM | #43 |
Drives: FOR SALE! Bumblebee 1 of 1 Join Date: May 2010
Location: Geneva IL
Posts: 530
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I stopped to look at a new C7 and people were looking at my Bumblebee! I told the dealer that I get 4X more looks than a C7 at half the price! :-)
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11-05-2013, 09:03 PM | #44 | |
Drives: 2012 Triple Black ZL1 M6 Join Date: Jun 2010
Location: San Antonio, TX
Posts: 584
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Quote:
Yup. and I know someone who also had a ZL1 and traded for the C7... I only have the SS and that option has been in my thoughts. That C7 is so hot
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CenterForce DYAD Dual Disc Clutch, JDP stage 2 Clutch Reservoir, Rotofab CF CAI with Big Gulp and WW Reservoir Relocate, Stainess Works LT Headers and Retro Cat-Back with Cat Delete, MGW ST Shifter with custom Knob, CF Tail light Bezels, more to come...
Build Thread for my Z is in the works..... |
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11-05-2013, 09:15 PM | #45 |
Drives: Getaway Special Join Date: Jan 2013
Location: Globe Trotter - CIU
Posts: 398
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90% of GM Auto Loans to Subprime borrowers….
Not casting any stones here, but some of the talk of so many cars being available and loan stress a possible issue may be true… and it may be across the entire line, not just ZL1……. So, it's not a ZL1 issue (if it is the issue, not saying it is, but if so, get some tissue)
Read for yourself… we may be in a Car Bubble according to GM. Like houses, may see a lot come back on the market. Is is true? Another CASH for CLUNKERS? http://freebeacon.com/general-motors...g-auto-bubble/ http://jalopnik.com/5804969/gm-selli...rime-car-loans
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Sip:
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11-06-2013, 08:00 AM | #46 |
Drives: Slow Join Date: Apr 2010
Location: Metro Chicago,Illinois
Posts: 560
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I had no idea their lending arm, GM Financial, was going down this slippery slope. You'd think they would learn from the past, but apparently not.
This snippet from the article linked above says it all: "GMF has the riskiest lending portfolio of any major car company: 96 percent of its customers have credit scores below 660. GM’s lending habits parallel those in the housing market leading up to the 2008 crash…GM finished the year with 8.5 percent of loans in delinquency, the highest rate since 2010 and larger than the delinquency rates at Ford, Toyota, and Honda combined" It may move cars off the lots today, but doesn't bode well for the future. |
11-06-2013, 08:38 AM | #47 |
Drives: 14 SS/ 1LE Join Date: Jun 2013
Location: parts unknown
Posts: 922
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some people just want to say they have the latest and greatest car in their garage, even if they barely drive it. so when something new comes out they sell the old one and get the new one
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11-06-2013, 09:53 AM | #48 |
Drives: SW 2017 ZL1, M6, Carbon, Nav, MR, Join Date: Dec 2012
Location: Prosper, TX
Posts: 801
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I think the ZL1 like the Corvettes will remain rather expensive used cars and hold their value in the used car market. The dealer may low ball us on these cars on a trade in, but they will go for significantly higher than a used low mileage SS and like the Corvette ZR1 I have never seen a used ZL1 for sale on a dealer lot. You just don't see them very often. History will be very kind to these cars (Z06, ZL1 and ZR1) when it's all said and done.
There has to be some value to the greatest, most powerful Camaro ever built. The ZR1 is also one for the history books. The ZL1 is 2 to 3 times the car it replaced in the 4th generation Camaro. I will go out on a limb and say it will not soon be eclipsed by a similar outrageous growth spurt in the 6th generation car. Last edited by snackbar64; 11-06-2013 at 10:05 AM. |
11-06-2013, 10:03 AM | #49 |
Drives: 2006 Z06 Join Date: Oct 2010
Location: Gilbert, AZ
Posts: 5,712
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ZR1 values are tanking. You can get one for mid 60s or less now. Corvettes don't' hold value at all. Give them 4-5 years and they are 50-60% of original price.
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Nick
Corvette Z06 -1200ish rwhp |
11-06-2013, 10:12 AM | #50 |
Drives: SW 2017 ZL1, M6, Carbon, Nav, MR, Join Date: Dec 2012
Location: Prosper, TX
Posts: 801
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That is because the cost of the car new is so high. 50% of the value new is still an expensive used car, that the average Joe just cannot usually swing. Therefore they will remain exclusive. I am seeing 2007 Corvettes going in the mid 30s on used car lots. That is pretty expensive even at half the price of new.
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11-06-2013, 10:22 AM | #51 |
Drives: 2002 Camaro SS SOM; 2015 Malibu LTZ Join Date: Dec 2010
Location: Queens, NY
Posts: 4,022
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^That and realize that there are a lot of vettes on the road. Once the "new model" magic potion wears off, no one will care about the first year vette. Do you hear any reverence or buzz talk about an '84 vette, or a '97 or an '05? All of these first year vettes have slipped into the valley of used car obscurity. Don't get me wrong, as corvettes are amazing. Its just the fact that the corvette is no longer the lone brainchild in terms of performance. The corvette has plenty of competition from domestic and foreign makes; Some of those cars can at least perform as well as the corvette and possibly hold a better resale value. Its just the cold hard facts of the resale market.
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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 |
11-06-2013, 11:22 AM | #52 |
I agree with this analysis, too. However, special high-end model Vettes like the Z06, ZR1 will hold their value relative to the base model. This can be said of the Camaro with the ZL1 and Z/28. This makes your point: buy the special model ZL1 as opposed to the base model Vette.
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2013 Camaro ZL1, Crystal Red, Auto, Exposed Carbon Fiber, Navigation.
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11-06-2013, 12:20 PM | #53 | |
Drives: 2002 Camaro SS SOM; 2015 Malibu LTZ Join Date: Dec 2010
Location: Queens, NY
Posts: 4,022
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Quote:
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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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11-06-2013, 01:40 PM | #54 |
Drives: SW 2017 ZL1, M6, Carbon, Nav, MR, Join Date: Dec 2012
Location: Prosper, TX
Posts: 801
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The problem with the 04 ZO6 was Chevy gave the newly designed, base 2005 model C6 even more horsepower than it had.
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11-06-2013, 02:33 PM | #55 | |
Drives: '87 Pontiac Fiero GT Join Date: Aug 2008
Location: Illinois
Posts: 614
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Quote:
(I'm basing this observation on what I see and read, as I own two Mustang Cobras, a GT500 and my '13 ZL1 and I participate on one Mustang forum and this Camaro forum.) |
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11-06-2013, 02:35 PM | #56 |
Account Suspended
Drives: nothing Join Date: Nov 2010
Location: a hole
Posts: 17,906
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Gov't shutdowns and other career effecting incidents.
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