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Old 03-24-2011, 08:04 PM   #15
Grandeos
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Originally Posted by 2010SLVRBULIT View Post
curious, was it paid off in full, or did you still owe on it(meaning you're 'upside down' now on your trade...)? It would suck to start all over again from scratch..plus gotta look @ tax&title, insurance rates, gas $, etc..
Upon trade-in, I'm gonna owe about $15k on my 2LT/RS, so I should have about $6k carrying over to the new 2SS/RS. Plus another $5k cash as a down payment, and with 4.9% APR, I'll be paying around $500-520 a month. It would have been even cheaper, but keep in mind I'm rolling a lot of the cosmetic mods into the financing through the dealer.

When I bought my 2LT/RS back in Sept 2009, I put down $10k, and had about 6.5-6.7% APR. So in essence, yes, I am starting over. But with a much better interest rate, and only $100 more per month.

Insurance is only $17 more per month for the V8 compared to the V6.

And finally..... gas prices........ I DONT CARE!!! Thus why I want a 426hp V8
My personal philosophy about gas is that you are going to need to fill up anyways. So no use getting all worked up over prices. It is what it is. Out of my control. All I care about is enjoying my time behind the wheel!
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Old 03-24-2011, 08:12 PM   #16
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Congratulations future club member!! Becky D @ Rodgers Chevrolet is the best hands down isn't she?!! I'm so happy for you. Can't wait to see your new ride.
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Old 03-24-2011, 08:15 PM   #17
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Congratulations future club member!! Becky D @ Rodgers Chevrolet is the best hands down isn't she?!! I'm so happy for you. Can't wait to see your new ride.
Thanks Dermo! I'll probably attend my first meet as soon as I have the new ride.

Becky is great! She is the only reason why I returned to buy another Camaro after all the headaches with my current one. GM should do something for her.... because she is helping our little enthusiast community in ways they clearly cannot!

BOO CORPORATE !!

YAY BECKY!!!!
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Old 03-24-2011, 08:16 PM   #18
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Well........ I originally purchased the 2LT/RS at about $28k. So I'm gonna eat about $7k in depreciation.

With all the mods I'm having done at the dealership, the total is gonna be around $41-42k for the 2SS/RS.

However, I am getting a MUCH BETTER interest rate for the 2SS, where even with the higher price, I'll only be paying about $100 more per month than the 2LT/RS. So to me, this was a no-brainer. I'm young (24) and I can afford it, so I'm enjoying it while I can!
And is that for the same time length ?????
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Old 03-24-2011, 08:21 PM   #19
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[QUOTE=Grandeos;3006518]Upon trade-in, I'm gonna owe about $15k on my 2LT/RS, so I should have about $6k carrying over to the new 2SS/RS. Plus another $5k cash as a down payment, and with 4.9% APR, I'll be paying around $500-520 a month. It would have been even cheaper, but keep in mind I'm rolling a lot of the cosmetic mods into the financing through the dealer.

When I bought my 2LT/RS back in Sept 2009, I put down $10k, and had about 6.5-6.7% APR. So in essence, yes, I am starting over. But with a much better interest rate, and only $100 more per month.

..you owe $10k + the price of a new SS w/ mods, to be financed @ 4.9% for x# of years..as long as you are happy
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Old 03-24-2011, 08:22 PM   #20
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And is that for the same time length ?????
No. The 2LT/RS was a 60-month loan. The 2SS/RS will be 72 months. I was more focused on lowering the monthly payments, as I am trying to buy a house soon, and need the extra cash each month.

But... GM has some great incentives now. If it works for your budget, 60-months can get 3.9% APR, versus the 4.9% for 72-months.
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Old 03-24-2011, 08:23 PM   #21
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Very Nice...
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Old 03-24-2011, 08:30 PM   #22
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Congrats on the upgrade and I like the look.

So you paid $28k for the 2LT, you put down $10k and still owe $15k? You must've not had it very long. At least you'll have about $11k to take off the $43k but it's a shame you couldn't have privately sold it for more than the 21k you got. Did you shop around for the finance rate? 4.9% for six years seems high but perhaps not for 24yo.
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Old 03-24-2011, 08:31 PM   #23
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..you owe $10k + the price of a new SS w/ mods, to be financed @ 4.9% for x# of years..as long as you are happy

Not quite. $42k - $6k (payoff from $21k trade - $15k I owe) = $38k financed for 6 years @ 4.9% APR. Still a hefty loan, but much better interest than what I was paying on the 2LT/RS.

The way I see it, life is too short to worry about the details. I have a good income, and its still climbing. I'm enjoying my time before it runs out.... cuz you never know!
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Old 03-24-2011, 08:32 PM   #24
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Congrats on the upgrade.

So you paid $28k for the 2LT, you put down $10k and still owe $15k? You must've not had it very long. At least you'll have about $11k to take off the $43k but it's a shame you couldn't have privately sold it for more than the 21k you got.
I've had the 2LT/RS for almost 2 years. I might have been able to sell it for a little bit more, but from what I saw, the used ones have not been moving well in my area, and I had more milage than most of them. So I feel this was a decent deal.

Plus..... patience is not one of my virtues
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Old 03-24-2011, 08:32 PM   #25
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Congrats on the order man. You will not regret the change to the SS. Becky D is the best. I'm waiting for my 2011 that I ordered from her last month. I also agree that Gerry is a responsive guy. He will be installing a Pedders drop kit on mine when it gets there (hopefully next wek).
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Old 03-24-2011, 08:38 PM   #26
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Congrats on the order man. You will not regret the change to the SS. Becky D is the best. I'm waiting for my 2011 that I ordered from her last month. I also agree that Gerry is a responsive guy. He will be installing a Pedders drop kit on mine when it gets there (hopefully next wek).
Thanks! So you are replacing your 2010 with a 2011??? I hope you are keeping those Black Chrome wheels.... cuz they are SICK!!! Did you powdercoat them??? I'm thinking of doing that to my winter set...
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Old 03-24-2011, 08:41 PM   #27
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Plus..... patience is not one of my virtues
I certainly understand and you're not alone. It's only money--ya can't take it with ya. In 30 years it'll be just another story for the grandkids like some of us.
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Old 03-24-2011, 08:42 PM   #28
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I certainly understand and you're not alone. It's only money--ya can't take it with ya. In 30 years it'll be just another story for the grandkids like some of us.
Thanks for the support!
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