Ungodly decrease in value

[RedjewledRS]

Has anyone had a issue when trading their Camaro in for something and it not be worth half of what you paid for it? Recently I visited Gillman chevrolet in Harlingen Tx where they explained to me that a 2013 1ss 1LE was worth in trade $21000. After a short laugh by me the raised their offer by $3000. 14 months ago I paid with TT&L $36000 for it. So the past year it has literally dropped a $1000 a month. I have not gone to another dealer yet but I am already scared of what they might say. This dealer has lost three sales by low balling 4 Camaro owners in our group this last month. Just trying to get an idea as to what everyone else has seen a comparable model go for in trade.

[CamaroTom]

They are idiots, depending on options/miles/condition it's worth $30k+

[ChrisBlair]

Trade ins usually aren't so hot a deal anyway.

Example- I traded in a car that had a 32.6K sticker for my Camaro. The car was 5 model years old but I kept it looking new and it worked and drove like new. I got "maximum" trade in- 14K.

[christianchevell]

I traded a 2011 vert for my coupe both ss, got 33 for the vert with 5 thousand miles on it, net depreciation was about 7.5 grand for a year...... If you go to a dealer always be armed with the KBB fair market value trade in price for the car in excellent condition and do not budge, tell them thats it or I walk and..... then the manager usually o.k.'s it..... they lowballed you of course.

[chvyman]

I took my '12 in to kenny ross chev. local here. 11 months old, under 2k miles to trade in on an equnox. paid 40k, they offered me 29k on trade. I also had a good laugh!

[Mongo RS]

Remember, dealers exist to make a profit.

[jshaf]

when I buy I make them hit my number, if they really want to sell me a car they will make it work, have walked away more than once. I'm patient, never rush, stick to your guns. used to buy new but I let the new car drivers take the hit, I find lightly used and wait out til they get the price and terms in the ball park of how I want the deal to look. Do your home work and have approved financing in place before I walk in the dealership. when they finance in house they usually get a couple percentage points for bringing the business to the particular bank. having pre-approved is a nice bargaining chip!

[wayne watson]

see my post on the other thread

[2013 ZL1 #7860]

Buy low, sell high... They are trying to buy your car low and sell you another high.

Go to another dealer or sell privately.

Your car is only worth what someone is willing to pay for it and not $1 more.

[i007spectre]

Bought my 2010 new for just under $29,000, back in October of '09. Traded it in last week for a 2014 and got $15,500. So that's $2700 a year.

[JacekPSUr1]

My Camaro was my first brand new car and after seeing how much it depreciated, I will never ever buy another brand spanking new car again. It's a 2013 1SS with a little over 9K miles.
MSRP was around $39K. I got it for $36K minus my Infiniti G35 trade in ($5,200), so I financed about $33K. I just checked a KBB and excellent condition is about $26-27K, so I'm at about even now. I still owe just under $26K. I'm not sure if it's just Chevy not holding its value. I pretty much threw away $10-11K out into the wind in only 1.5 yrs I've had it. I got rear-ended over the weekend and I wanted to see what a dealer would offer me. I almost fell off my chair when they said $20K!!! I'll get it fixed and I'll be keeping it for a long time as it's not worth selling it. Retail would go for about $30K - which is what I was hoping for as a trade in value.

Dealer actually had a black 2013 2SS with NPP exhaust, moonroof, RS package for $29K at the lot. It made me sick!

[ChrisBlair]

Originally Posted by Mongo RS

Remember, dealers exist to make a profit.

Oh come on. The next thing you'll try to get me to believe is that they aren't really my friends.

[TXLS3]

It's a business. They have to make money. They're not gonna give you 30k on a trade in a sell it for 30k.there gonna give you trade in value and sell it at resale value and dealer resale is higher then individual resale. Also you can't attach personal value to a car.

I individually sold my last car a 350z for 14k and I looked at all the other 350z's for individual sale. Some were asking 18,000 and my car was in better condition it was crazy how much some people think there car is worth when thry attach personal value. I've never traded in a car I will stick it out 5-6 months and sell it myself and get top $ over in trade in.

And they can't be that far off I got a used 11' 2ss/rs ls3 with 23,000 miles in 2013 for 22,000$ I really wanted a c6 but they wanted 27,000$ for a 2006 c6 ls2.. So I said I'll take the 2011 ls3 camaro for 22,000.

[IH8OPEC]

Originally Posted by wayne watson

see my post on the other thread

Damn it Wayne! I can't believe I fell for that!