07-15-2018, 06:44 PM | #1 |
Drives: Zl1 Join Date: May 2016
Location: Ftw Texas
Posts: 204
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Sold my car.....WOW did these things depreciate
Sold it....Listed for 2k LESS than bluebook across 5 sites including autotrader only caught nibbles over a few weeks. Dropped to 31k caught another few nibbles......Dropped AGAIN and finally got a bite. Ended up selling to the first person to actually NOT stand me up on a showing for 30k. I never expected in a million years to have to essentially give 3k away under LOW KBB to sell this car. I LOVED it, it was PRISTINE, but this will be the last chevy I ever buy. The re-sale is an absolute joke guys, lets be honest with eachother. Im seeing dealers listing ZL1s for less than bluebook. That just sucks. I traded in my Toyota tundra for this car taking a hit of 3k less than I paid 3 years prior....on a trade in.
Was it worth it to lose 31k over 4yr ownership?? ...........Unfortunately for my wallet and married ear....YES! But, I will not not buy another one. Its was a BLAST I will tell you that. So....in short.....a ZL1 is a boat essentially. It looks cool as hell, Fast, Fun and an adrenaline rush. But pucker up when youre over it because all that fun was NOT free...and I bought mine used I REALLY feel for the guys that paid the initial markup. OUCH!
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Rotofab CAI, 2.4 upper, 100mm metco idler, BMR ice box, fast85 inj, se headers, catless, moroso cc, mamo ls7 ported tb, ported snout, qtp cutouts, JL W7 12", JL 1k amp.
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07-15-2018, 06:50 PM | #2 |
Drives: 2013 ZL1 and 2019 Ram Laramie Join Date: May 2017
Location: Milwaukee
Posts: 1,259
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So it goes with a new car that is sold used 4 years later...doubly so with a regen. Not really newsworthy.
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07-15-2018, 07:11 PM | #3 | |
Drives: Zl1 Join Date: May 2016
Location: Ftw Texas
Posts: 204
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Quote:
No, Im 35yo. Ive bought, sold and traded in half a dozen vehicles in my life. My point was that not a SINGLE one of those vehicles took this much of a hit 1, and 2 NONE of them were such a struggle to sell especially asking below low bluebook. I was offered 25k,27k and 24k for trade-in on this car in the meantime. Its cool, enjoy your ZL1. I know I did. I just did NOT enjoy selling it, thats all. Im not bashing your car.
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Rotofab CAI, 2.4 upper, 100mm metco idler, BMR ice box, fast85 inj, se headers, catless, moroso cc, mamo ls7 ported tb, ported snout, qtp cutouts, JL W7 12", JL 1k amp.
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07-15-2018, 07:30 PM | #4 | |
Drives: 13ZL1 Join Date: Dec 2017
Location: OBX
Posts: 67
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Quote:
Oh well. Maybe you should have kept it. Most cars are not an investment financially as you should know. I took a huge hit butt no regrets as the fun factor was worth every penny.... |
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07-15-2018, 07:42 PM | #5 |
Drives: Love the one you're with Join Date: Sep 2009
Location: Downtown Charlie Brown
Posts: 11,850
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Well, the Hellcat and other Challengers have dropped like a stone too. My GT500 was the only modern hot rod I owned in the last 10 years to not lose me money. I sold it for more than I paid for it.
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07-15-2018, 08:12 PM | #6 |
Drives: 2013 Triple Black ZL1 / 2006 TB SS Join Date: Feb 2011
Location: MN
Posts: 2,250
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Wow, you gave it away. I don't know any ZL1 owner who paid over msrp. I got my 13 brand new in 2012 for way less than msrp so I can't complain. As mentioned above the Hellcats have taken a bath in depreciation, I think more so than any performance car.
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07-15-2018, 08:13 PM | #7 |
Drives: 2013 ZL1 and 2019 Ram Laramie Join Date: May 2017
Location: Milwaukee
Posts: 1,259
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How did you lose $31k if you bought it used? If you're including the mods, that sounds like a chunk of it. One generally loses their shirt on mods...excepting the fun factor. Which is why we buy these cars.
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07-15-2018, 08:57 PM | #8 |
Drives: 1967 Camaro BBC, 2014 Camaro ZL1 Join Date: Nov 2013
Location: Tiverton, Ontario, Canada
Posts: 114
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I just traded mine it on a new truck Friday. Had it for sale and never really had any interest, not even the usual low ballers. With the tax savings it didn't hurt quite as much but still thought it would sell stronger.
I think the main issue we are dealing with is the price range, still higher then the average guy can swing but the disposable money guys are going for the biggest and the best so are buying the new gen vehicles. |
07-15-2018, 09:36 PM | #9 |
Drives: 2002 SOM SS Join Date: Apr 2017
Location: USA
Posts: 213
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Im selling my ZL1. Haven't had much interest. I don't plan on moving much off my price. I will continue to hammer out the payments until it sells. If it doesn't, Ill have a extremely low mile ZL1 that is paid off and Ill just buy myself a 4th gen. Crazy thing is that I see people with 50K plus miles asking 35k and up.
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2002 SOM SS - All Stock
90 Camaro - 3.1 V6 SOLD 83 Camaro - H/C/I 355 SBC SOLD 92 Camaro - Paxton supercharged 355 5 speed - SOLD 02 SOM Camaro-H/C/I, Moser 9, Stage 2 T56 - SOLD 1969 Camaro 6.0 LQ9 4L60E- SOLD 2014 ZL1-SOLD |
07-15-2018, 09:52 PM | #10 | |
fo'shizZL1
Drives: 2017 ZL1 Join Date: Aug 2017
Location: ATL
Posts: 1,281
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Quote:
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2017 ZL1 M6 Black | Maggie 2650 // 103TB // Big Gulp
Past Rides- 2014 ZL1 M6 Red Hot | Tons of mods 2004 CTS-V M6 Silver | Many mods 1995 Corvette M6 Torch Red | A few more mods 1992 Camaro M5 White | A few mods |
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07-16-2018, 06:30 AM | #11 | |
Drives: 2013 ZL1 Join Date: Dec 2012
Location: Illinois
Posts: 807
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Quote:
I have the same thought. Doesn't make sense.
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'13 ZL1
'06 TBSS '98 TJ '87 GN |
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07-16-2018, 06:56 AM | #12 |
Drives: 2013 ZL1 Join Date: Dec 2012
Location: Illinois
Posts: 807
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KBB is a joke anyway. Plus with the mods you have it will lower the value to most buyers. I'd be pleased at $30k with 38k miles. I think you did fine.
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'13 ZL1
'06 TBSS '98 TJ '87 GN |
07-16-2018, 08:09 AM | #13 |
Drives: 2002 Camaro SS SOM; 2015 Malibu LTZ Join Date: Dec 2010
Location: Queens, NY
Posts: 4,021
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No surprise, as this is how depreciation works. It actually isn't that bad; I've seen 95k cars go for 35k with only 4 years and not quite so many miles. Its the nature of the beast. Do not expect to make money on your purchase, and if you want to mitigate depreciation then sell soon or buy other model(s) with less depreciation.
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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 |
07-16-2018, 08:29 AM | #14 |
Drives: 14 Silverado LTZ 4wd 5.3 Join Date: Jul 2012
Location: Indianapolis
Posts: 143
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I think the 6th gens are atleast partially responsible for this. I’ve been cross shopping vette, gen 5, gen 6. Vette proly out cuz back seat. Hard to justify 25-30k for 1le or 30k plus for zl1. When used 6th gens are popping up in low to mid 30s with a better chassis and similar performance. ZL1 still one of the quickest ways to 6-700hp though.
Personally I’m of the opinion they will keep going down. 6ths will drive 5ths down. I think I could see zl1 having a plateau 20-25k like 03-04 cobras had back in the day for rarity and crazy hp potential.
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2014 Silverado LTZ 5.3
Sold: 95 Taurus SE 00 Z28 A4 06 TBSS 06 GTO M6 02 F150 01 B4C A4 05 GTO M6 02 Z28 M6 |
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