01-27-2010, 05:49 PM | #1 |
Drives: 2010 Camaro 2LT/RS Black Join Date: Dec 2009
Location: Hot Springs, Ar
Posts: 441
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The ordering Process/Trad-in
Hello,
I was wondering if anyone on here know/went through trading in your previous car and ordering your camaro. I will be trading in my jeep when The time comes for ordering my camaro. I work and need my car during the summer, and was wondering if I can just order the car (is there a deposit before the full down payment) before I trade in my jeep and trade it once the camaro comes in. If anyone can maybe make it a little more clear for me that'd be great. |
01-27-2010, 06:00 PM | #2 |
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I bought my car off the lot, but investigated ordering before I did that. Most dealers won't give you a trade in value until your car shows up. They might give you an idea, but they will want to wait until you are ready to hand it over before they give you a final value.
As for a down payment, all the dealers I talked to wanted $500-1000 down payment at the time of ordering.
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01-27-2010, 06:08 PM | #3 | |
Raining Blood
Drives: 2014 SS Performance Sedan Join Date: Oct 2009
Location: facebook
Posts: 2,683
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Quote:
I also appraise the car at the time of the order and honor it, suject to a re-evaluation based upon miles, and any damage.
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Ordered 1/9/12 - Born 2/3/12 - Delivered 2/21/12 - '12 1SS/RS Summit White - TRADED.
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01-27-2010, 06:11 PM | #4 | |
Drives: 2010 Camaro 2LT/RS Black Join Date: Dec 2009
Location: Hot Springs, Ar
Posts: 441
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Quote:
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01-27-2010, 06:14 PM | #5 |
Drives: Dream Girl 2011 1SS Join Date: Oct 2009
Location: Fresno, CA
Posts: 634
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I would NEVER trade in a car. Dealerships want to make money on reselling that car so they offer you the least amount they think you'll take. I personally am a talented amateur Craigslist salesperson and have sold 3 or 4 cars for my fam. and myself for WAYY more than trade in value! If you can wheel and deal, I'd recommend trying to sell the car yourself first and only as a last resort trade it in!
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01-27-2010, 06:25 PM | #6 |
Well, I can tell you my experience with doing this. I placed an order for my car back in August, and specifically told the dealer I would be doing a trade in. He informed me that there are two ways you can do it. First, you can trade it in at the time they take the deposit, guarantee the amount of money you get for your trade in. Or, you trade it in when you pick up your car.
I opted for the trade in at time of pick up. The dealer did warn me that you will lose a bit off the top end due to fluctuations in black book value. And, since my car was a non GM for the trade in, the dealer said they would have to auction my car. All in all, I lost about $1,400 off the trade in by waiting the additional 2 months from when they appraised it the first time, to the time of turn in. Why? Milage was the killer. I needed to keep my car until the Camaro came in as it was my daily vehicle. So, I ended up putting a deposit of $500 down, and traded in once the car arrived. Just be up front with your dealer that you plan on trading in, and be aware that you will lose money most likely from the initial appraisal if you plan on driving your trade in while you wait for your new car.
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2SS RS Black on Black, 6sp Auto, Sunroof
1100 - 9/17/09 *cliff notes* Delivered to customer 11/24/09 - Happy ever since. |
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01-27-2010, 06:56 PM | #7 | |
I Pity The Fool
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Quote:
I don't think their gonna make much from a 1999 Jeep Wrangler. Unless it has extremely low miles and is in mint condition.
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01-27-2010, 07:12 PM | #8 |
Account Suspended
Drives: 89 IROC 350 Join Date: Mar 2009
Location: Back roads, southern Ohio
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I also had the same issue. I placed my order in May. My trade was a 2007 Corvette. In may there was still the problem with allocation. My Camaro would be in (best guess from the inventory manager) in September. Now, everyone knows selling a Corvette in May/June is MUCH easier than Sept/Oct. We appraised the car and they told me they would stand by that price until Sept. Well about a month after ordering my salesman sends me an email that someone was in looking for a 07 or newer black 6 speed manual Corvette so he referred him to me. Ended up selling outright for far more than the dealer offered me. Try the outright sale, if that doesnt fly, just trade.
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01-27-2010, 07:13 PM | #9 | |
Quote:
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2SS RS Black on Black, 6sp Auto, Sunroof
1100 - 9/17/09 *cliff notes* Delivered to customer 11/24/09 - Happy ever since. |
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01-27-2010, 07:19 PM | #10 | |
Account Suspended
Drives: 89 IROC 350 Join Date: Mar 2009
Location: Back roads, southern Ohio
Posts: 12,504
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Quote:
it was is so/so shape. |
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01-27-2010, 07:20 PM | #11 | |
Drives: 2010 Camaro 2LT/RS Black Join Date: Dec 2009
Location: Hot Springs, Ar
Posts: 441
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Quote:
87k miles.... 4k trade in value After searching ebay and craigslist for the past couple of weeks, most are getting about 6k with 100k+ miles... so idk exactly what Im gonna do |
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01-27-2010, 07:29 PM | #12 |
Drives: Callaway Rogue Join Date: Jul 2009
Location: W8n 4 Snow, Minnesota
Posts: 4,738
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At least try to sell it yourself. if you can't then trade it.
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01-27-2010, 08:56 PM | #13 |
Drives: 2016 2SS A8 HB/JB Join Date: Sep 2009
Location: Toronto, Ontario
Posts: 505
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A big question to ask yourself is how long can you go without a car. My car (new and old) is my daily driver and only car I own so being without a car was out of the question. My dealer appraised my cars trade in value with a guestimate of how many km's I would have in the approximate time I would get the Camaro. That is the amount I got for it when I picked up my car. Now if I could live without the car (or had a place to keep it while trying to get rid of it) I would have tried to do a sale myself and maybe get more than the trade in.
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Current: 2016 2SS Hyper Blue/Jet Black
Former: 2010 2LT/RS IOM/IO - Solo Catback w/ J-Pipes |
01-27-2010, 09:16 PM | #14 | ||
Drives: 2010 Camaro 2LT/RS Join Date: Dec 2009
Location: Philadelphia, PA
Posts: 170
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Quote:
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2LT/RS A6 Black IOI, IO Stripes, Sunroof, 20" Polished Wheels
1100 = Preliminary Order Accepted 1/18/10 2000 = Order Accepted by GM 1/25/10 2500 = Order Preferenced 1/26/10 3000 = Order Accepted by Production Control 1/27/10 3100 = Order Sequenced for Production 1/29/10 3300 = Order Scheduled for Production 1/29/10 (TPW 2/8/10) 3400 = Order Broadcast 1/30/10 3800 = Order Produced 2/11/10 #93182 4000 = Vehicle Available to Ship 2/17/10 4200 = Vehicle Shipped 3/1/10 5000 = Vehicle Delivered to Dealer 3/8/10 6000 = Delivered to Customer 3/9/10 |
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