How much of a loss did V6 owners took for a SS trade? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Krozzbow · 03-19-2010, 03:29 PM

Today I decided to let my Camaro stretch it’s tires from a long hibernating winter. The weather was beautiful and last week showers really did more than just clean off the salt.

(Sorry for those people who lost property due to down trees and power)

So I drove it to work and parked it next to my boss’s spot. He wasn’t to thrilled with me for he owns a Mitsubishi gallant. Anyway, on my way back home I saw a loaded summit white 2SS M6 displayed on the sidewalk at a dealership for $38K. I pulled over to view it better when a lady approaches me to say that she was waiting for a Rally Yellow/ Blk Stripes camaro like mine to purchase at that dealership. Suddenly a sales personal approaches me right after she left and ask if I would like to trade my camaro for the white summit. Curious to see what appraisal the rep. may come up with the sales manager comes out with a sheet and tells me how well I kept the car and the low miles of 3200 were a plus for a 9 month old camaro. He gives me a figure of $26K and I could switch the plates and take it home today. That’s too much of a loss for a trade. He had 3 trade-ins; an ABM LS, a Blk RS 1LT and a SIM RS 1LT from $22K - $24K and says that that’s a good offer for a trade. I drove off. Do you think that was a good offer?

P.S. I’m not selling my 2LT M6. It’s going to be a gift for my son when he reaches his academic goals and responsibilities.

I was just wondering how much of a loss did V6 owners took for an SS trade or any model upgrades.

Mr_Draco · 03-19-2010, 03:32 PM

Other members here on the forums who traded up took between a $4-$6k loss.

irocnroll · 03-19-2010, 03:43 PM

Quote:

Originally Posted by Krozzbow

Today I decided to let my Camaro stretch it’s tires from a long hibernating winter. The weather was beautiful and last week showers really did more than just clean off the salt.

(Sorry for those people who lost property due to down trees and power)

So I drove it to work and parked it next to my boss’s spot. He wasn’t to thrilled with me for he owns a Mitsubishi gallant. Anyway, on my way back home I saw a loaded summit white 2SS M6 displayed on the sidewalk at a dealership for $38K. I pulled over to view it better when a lady approaches me to say that she was waiting for a Rally Yellow/ Blk Stripes camaro like mine to purchase at that dealership. Suddenly a sales personal approaches me right after she left and ask if I would like to trade my camaro for the white summit. Curious to see what appraisal the rep. may come up with the sales manager comes out with a sheet and tells me how well I kept the car and the low miles of 3200 were a plus for a 9 month old camaro. He gives me a figure of $26K and I could switch the plates and take it home today. That’s too much of a loss for a trade. He had 3 trade-ins; an ABM LS, a Blk RS 1LT and a SIM RS 1LT from $22K - $24K and says that that’s a good offer for a trade. I drove off. Do you think that was a good offer?

P.S. I’m not selling my 2LT M6. It’s going to be a gift for my son when he reaches his academic goals and responsibilities.

I was just wondering how much of a loss did V6 owners took for an SS trade or any model upgrades.

No dealer is going to give you what you paid on it. You have to expect some sort of a loss especially on a brand new vehicle. The dealer cant justify trading the car unless he can make some sort of a profit on it.

ViperTomcat · 03-19-2010, 03:45 PM

Figure even if you signed papers, walked out to the car, turned back around and walked back in without ever putting your foot on the pedal...$2000 loss.

Them moment you sign papers and take title..it becomes a used car even if you only put 500 feet on the car (not even a mile).

Krozzbow · 03-19-2010, 04:00 PM

I understand the loss you take once you take possession over it at the dealership. But 10K and above is a bit too much for just a trade-in. I was just curious about what appraisal #s they would come up with. I have no scratches, dings or chipped paint. The interior is in showroom condition with no step-in scratches or kid abuse. Insects slide off by the wax coating as a protected barrier. The vin # is A9100242 so does that count for anything? Just curious.

ViperTomcat · 03-19-2010, 04:02 PM

Dealers are epically nit-picky when it comes to "condition". They view "Great" condition as being able to simply take the plates off, do minor cleaning and checks and stick it on the lot.

I've never been able to trade in a car and get a "great" condition.

sen10l · 03-19-2010, 04:08 PM

You all are forgetting that people are charging MSRP on the new SSs - that's how they make money on the trade-in.

2010SLVRBULIT · 03-19-2010, 04:12 PM

..sounds like the salesperson can sell yours for $29K, as well as not lower the price SW(to you)?

Not worth the loss IMO..

Krozzbow · 03-19-2010, 04:23 PM

I work for fedex and customers always ask me how can I afford the Camaro. They wonder why it's so expensive in the dealerships. I also wondered why the gauging still continues even with used Camaros no matter what models.

CamaroCowboy · 03-19-2010, 04:29 PM

They continue to do it because no one is holding them accountable. People need to stop going to the dealerships to shop for cars. Shop online and call dealerships to confirm pricing and availability before ever walking into a dealership...in laymans terms...DO YOUR HOMEWORK before going to the car lot.

Hint: Know what your trade is worth....Retail, Trade and private seller ammount it will give you amunition during negotiations...

Krozzbow · 03-19-2010, 04:40 PM

Thanks for your feedback and again I will thank you all for making the Camaro the true #1 leading Sports car of the year.

SlingShot · 03-19-2010, 05:00 PM

I started off getting just the 2LT and got tired of both the wife and I not wanting to drive the other cars. So we just decided screw it, and bought a second one ... Now we have a 2LT / RS and a 2SS / RS ... You only live once and why leave all the money to the kids ... LOL ...

Thrillz · 03-19-2010, 05:05 PM

No matter how you cut it its ugly. U lose the tax money plus its value right off the hop. Dealerships aka stealerships are the last place i trade my car. For the life of me i dont understand why people dont take a few moments of there time and sell it privately and save thousands. Imo i would wait till superchargers come out and add power that way then trading up. Just my 2 cents

trudawg660 · 03-19-2010, 05:09 PM

i paid 30 and they gave me 27

03-19-2010, 04:00 PM	#5
Krozzbow Drives: 2LT/BB 3.6 V6 6-M Jun'09 #A9100242 Join Date: Jul 2009 Location: New York Posts: 543 View My Garage	I understand the loss you take once you take possession over it at the dealership. But 10K and above is a bit too much for just a trade-in. I was just curious about what appraisal #s they would come up with. I have no scratches, dings or chipped paint. The interior is in showroom condition with no step-in scratches or kid abuse. Insects slide off by the wax coating as a protected barrier. The vin # is A9100242 so does that count for anything? Just curious. __________________

03-19-2010, 04:08 PM	#7
sen10l Drives: In Transit Join Date: Nov 2009 Location: North Pole Posts: 334	You all are forgetting that people are charging MSRP on the new SSs - that's how they make money on the trade-in. __________________

03-19-2010, 04:23 PM	#9
Krozzbow Drives: 2LT/BB 3.6 V6 6-M Jun'09 #A9100242 Join Date: Jul 2009 Location: New York Posts: 543 View My Garage	I work for fedex and customers always ask me how can I afford the Camaro. They wonder why it's so expensive in the dealerships. I also wondered why the gauging still continues even with used Camaros no matter what models. __________________

03-19-2010, 04:40 PM	#11
Krozzbow Drives: 2LT/BB 3.6 V6 6-M Jun'09 #A9100242 Join Date: Jul 2009 Location: New York Posts: 543 View My Garage	Thanks for your feedback and again I will thank you all for making the Camaro the true #1 leading Sports car of the year. __________________

03-19-2010, 05:00 PM	#12
SlingShot Drives: 2012 ZL1 - #670 Join Date: Jun 2009 Location: Seminole, Fl. Posts: 8,009	I started off getting just the 2LT and got tired of both the wife and I not wanting to drive the other cars. So we just decided screw it, and bought a second one ... Now we have a 2LT / RS and a 2SS / RS ... You only live once and why leave all the money to the kids ... LOL ... __________________

03-19-2010, 03:29 PM	#1
Krozzbow Drives: 2LT/BB 3.6 V6 6-M Jun'09 #A9100242 Join Date: Jul 2009 Location: New York Posts: 543 View My Garage	How much of a loss did V6 owners took for a SS trade? Today I decided to let my Camaro stretch it’s tires from a long hibernating winter. The weather was beautiful and last week showers really did more than just clean off the salt. (Sorry for those people who lost property due to down trees and power) So I drove it to work and parked it next to my boss’s spot. He wasn’t to thrilled with me for he owns a Mitsubishi gallant. Anyway, on my way back home I saw a loaded summit white 2SS M6 displayed on the sidewalk at a dealership for $38K. I pulled over to view it better when a lady approaches me to say that she was waiting for a Rally Yellow/ Blk Stripes camaro like mine to purchase at that dealership. Suddenly a sales personal approaches me right after she left and ask if I would like to trade my camaro for the white summit. Curious to see what appraisal the rep. may come up with the sales manager comes out with a sheet and tells me how well I kept the car and the low miles of 3200 were a plus for a 9 month old camaro. He gives me a figure of $26K and I could switch the plates and take it home today. That’s too much of a loss for a trade. He had 3 trade-ins; an ABM LS, a Blk RS 1LT and a SIM RS 1LT from $22K - $24K and says that that’s a good offer for a trade. I drove off. Do you think that was a good offer? P.S. I’m not selling my 2LT M6. It’s going to be a gift for my son when he reaches his academic goals and responsibilities. I was just wondering how much of a loss did V6 owners took for an SS trade or any model upgrades. __________________

03-19-2010, 03:32 PM	#2
Mr_Draco Drives: 2SS/RS Join Date: Sep 2008 Location: Western North Carolina Posts: 7,182	Other members here on the forums who traded up took between a $4-$6k loss.

03-19-2010, 03:45 PM	#4
ViperTomcat Banned Drives: 2011 Avenger Heat Join Date: Nov 2009 Location: Oregon Posts: 1,697	Figure even if you signed papers, walked out to the car, turned back around and walked back in without ever putting your foot on the pedal...$2000 loss. Them moment you sign papers and take title..it becomes a used car even if you only put 500 feet on the car (not even a mile).

03-19-2010, 04:02 PM	#6
ViperTomcat Banned Drives: 2011 Avenger Heat Join Date: Nov 2009 Location: Oregon Posts: 1,697	Dealers are epically nit-picky when it comes to "condition". They view "Great" condition as being able to simply take the plates off, do minor cleaning and checks and stick it on the lot. I've never been able to trade in a car and get a "great" condition.

03-19-2010, 04:12 PM	#8
2010SLVRBULIT Drives: G5(LLT) & C6(LS3) Join Date: Apr 2009 Location: MARS Posts: 7,527 View My Garage	..sounds like the salesperson can sell yours for $29K, as well as not lower the price SW(to you)? Not worth the loss IMO..

03-19-2010, 04:29 PM	#10
CamaroCowboy Drives: 2013 Chevy Truck Join Date: Mar 2010 Location: Copperas Cove, Texas Posts: 1,782 View My Garage	They continue to do it because no one is holding them accountable. People need to stop going to the dealerships to shop for cars. Shop online and call dealerships to confirm pricing and availability before ever walking into a dealership...in laymans terms...DO YOUR HOMEWORK before going to the car lot. Hint: Know what your trade is worth....Retail, Trade and private seller ammount it will give you amunition during negotiations...

03-19-2010, 05:05 PM	#13
Thrillz Drives: 2019 Dodge Daytona R/T Join Date: Feb 2009 Location: Ontario Posts: 2,572	No matter how you cut it its ugly. U lose the tax money plus its value right off the hop. Dealerships aka stealerships are the last place i trade my car. For the life of me i dont understand why people dont take a few moments of there time and sell it privately and save thousands. Imo i would wait till superchargers come out and add power that way then trading up. Just my 2 cents __________________ Quote of the year, from 6.1hemi: "I just wanted to type some junk cause I am having some beers and I really like cars."

03-19-2010, 05:09 PM	#14
trudawg660 Drives: 2006 Dodge Charger / 2SS IOM Join Date: Dec 2008 Location: United Kingdom Posts: 1,640	i paid 30 and they gave me 27

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