Offer from local dealership - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Jester06 · 11-17-2014, 02:20 PM

Last night I recieved an off from the dealership I bought my 2013 SS from, saying that they would offer me just over $29k for my car. But I still owe about 38k overall before I would trade it in. I need some advise on if I should take this offer and the remaining $9k would just add to the price of the new car. I don't think I should/will take the offer. I would be upgrading from a 2013 1SS to a 2014 2SS. Thanks guys

LStick · 11-17-2014, 03:47 PM

Adding $9k upside down for basically a new version of the same car? Ouch.

When you add that much to the basic loan, there's usually a premium attached to the new loan balance interest rate on top of that.

I went '13 to '14. But on the cheap model . Basically the 13 traded above payoff and the 14 started a new loan. Whole different scenario.

*The_Blur* · 11-17-2014, 03:56 PM

Did you ask to trade, or did they initiate the offer?

Jester06 · 11-17-2014, 03:59 PM

They initiated the offer

*The_Blur* · 11-17-2014, 04:00 PM

Don't take it.

They use this as a means of making money. They hit you low, sell it high to the next guy, and sell you a new car in the process. It gives them 2 highly profitable deals if you take the offer, and it catches you off guard without you being on the market, which means no price shopping.

jamesfg49 · 11-17-2014, 04:32 PM

I'm with Blur......Don't do it. Your going to bury $9k of negative equity into a newer car that depreciates the same amount when you drive it off the lot? No way.

pickwithaustin · 11-17-2014, 04:34 PM

Why would anyone even consider getting rid of a 2013 for a 2014... financially, this is like taking a wad of your savings and throwing it into a fire place to watch it burning. What is wrong with the 2013 (which is still on warranty)?

DBHWT · 11-17-2014, 04:47 PM

Don't do it.....digging yourself a bigger hole

rozay · 11-17-2014, 04:48 PM

Hell no be thankful for what you have

Jester06 · 11-17-2014, 04:51 PM

yea i was leaning more towards no, but just needed reassurance thanks guys

sbubbaklein · 11-17-2014, 06:57 PM

keep what you got, consider the next gen when it comes out but start paying this one down. Do some double payments or just some extra cash. Then you can consider trading up.

baum · 11-18-2014, 07:08 AM

NOOOOO 9K of roll ever is almost an extra 180-200 a month on a new payment

11-17-2014, 02:20 PM	#1
Jester06 Drives: 2013 White L99 SS Join Date: Dec 2013 Location: Great Falls, VA Posts: 225	Offer from local dealership Last night I recieved an off from the dealership I bought my 2013 SS from, saying that they would offer me just over $29k for my car. But I still owe about 38k overall before I would trade it in. I need some advise on if I should take this offer and the remaining $9k would just add to the price of the new car. I don't think I should/will take the offer. I would be upgrading from a 2013 1SS to a 2014 2SS. Thanks guys __________________ Current HP/Torque: 413HP/413 Torque Current mods: Pfadt Tri-y Headers with Hi-Flow Cats, VMAX CNC Ported Throttle body, CAI intake by Cold Air Inductions, Apex Air Scoop/Washer relocation set, RX Catch Can, Stainless Works 3" retro Chambered cat back exhaust, Flex Fuel sensor, 3.91 gear ratio, BMR rear trailing arms, BMR Rear Toe rods Future Mods: GPI's SS3 VVT cam, 3600 stall triple disc torque converter, Fast LSX 102mm throttle body

11-17-2014, 03:56 PM	#3
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,768	Did you ask to trade, or did they initiate the offer? __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

11-17-2014, 03:59 PM	#4
Jester06 Drives: 2013 White L99 SS Join Date: Dec 2013 Location: Great Falls, VA Posts: 225	They initiated the offer __________________ Current HP/Torque: 413HP/413 Torque Current mods: Pfadt Tri-y Headers with Hi-Flow Cats, VMAX CNC Ported Throttle body, CAI intake by Cold Air Inductions, Apex Air Scoop/Washer relocation set, RX Catch Can, Stainless Works 3" retro Chambered cat back exhaust, Flex Fuel sensor, 3.91 gear ratio, BMR rear trailing arms, BMR Rear Toe rods Future Mods: GPI's SS3 VVT cam, 3600 stall triple disc torque converter, Fast LSX 102mm throttle body

11-17-2014, 04:00 PM	#5
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,768	Don't take it. They use this as a means of making money. They hit you low, sell it high to the next guy, and sell you a new car in the process. It gives them 2 highly profitable deals if you take the offer, and it catches you off guard without you being on the market, which means no price shopping. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

11-17-2014, 04:34 PM	#7
pickwithaustin Drives: 2011 Camaro 2SS/RS Convertible and: Join Date: May 2014 Location: Central Texas Posts: 1,863	Why would anyone even consider getting rid of a 2013 for a 2014... financially, this is like taking a wad of your savings and throwing it into a fire place to watch it burning. What is wrong with the 2013 (which is still on warranty)? __________________ --------------------------- Currently in my Garage: 2011 Camaro 2SS/RS Convertible \| 1980 Corvette Stingray \| 1981 Firebird \| 1968 El Camino \| 2007 Crown Vic Police Interceptor \| 2001 Silverado \| 2001 Blazer \| 1965 Chevy C-10 \| 2007 Harley Softail Custom \| 2013 MX-5 in Copper Red Mica \| 2000 Corvette Convertible \| 2010 Corvette Grand Sport \| 2006 Audi A3 Turbo \| 2008 BMW 328i

11-17-2014, 03:47 PM	#2
LStick Drives: 2021 Shadow Gray 1LS Join Date: Oct 2011 Location: Streetsboro Ohio Posts: 1,370	Adding $9k upside down for basically a new version of the same car? Ouch. When you add that much to the basic loan, there's usually a premium attached to the new loan balance interest rate on top of that. I went '13 to '14. But on the cheap model . Basically the 13 traded above payoff and the 14 started a new loan. Whole different scenario.

11-17-2014, 04:32 PM	#6
jamesfg49 Drives: 2011 2SS Join Date: Sep 2014 Location: Phoenix Posts: 131 View My Garage	I'm with Blur......Don't do it. Your going to bury $9k of negative equity into a newer car that depreciates the same amount when you drive it off the lot? No way.

11-17-2014, 04:47 PM	#8
DBHWT Drives: 2013 SS 1LE Join Date: Nov 2011 Location: Cincinnati / N KY area Posts: 560	Don't do it.....digging yourself a bigger hole

11-17-2014, 04:48 PM	#9
rozay Drives: camaro 2LS LFX A6 Join Date: Jun 2013 Location: South Florida Posts: 614	Hell no be thankful for what you have

11-17-2014, 04:51 PM	#10
Jester06 Drives: 2013 White L99 SS Join Date: Dec 2013 Location: Great Falls, VA Posts: 225	yea i was leaning more towards no, but just needed reassurance thanks guys __________________ Current HP/Torque: 413HP/413 Torque Current mods: Pfadt Tri-y Headers with Hi-Flow Cats, VMAX CNC Ported Throttle body, CAI intake by Cold Air Inductions, Apex Air Scoop/Washer relocation set, RX Catch Can, Stainless Works 3" retro Chambered cat back exhaust, Flex Fuel sensor, 3.91 gear ratio, BMR rear trailing arms, BMR Rear Toe rods Future Mods: GPI's SS3 VVT cam, 3600 stall triple disc torque converter, Fast LSX 102mm throttle body

11-17-2014, 06:57 PM	#11
sbubbaklein Drives: early 2011 Camaro convertible Join Date: Jul 2014 Location: House Springs, Mo Posts: 2,001 View My Garage	keep what you got, consider the next gen when it comes out but start paying this one down. Do some double payments or just some extra cash. Then you can consider trading up. __________________ Early 2011 LT Convertible, ZL1 bumper, hood, side skirts, belly pan and wheels, Truecarbon ECF hood extractor, K&N CAI, Elite catch can, Big Worm Bow Tie emblems, Jacfab bracket, Vitesse TC, BMR strut brace, BMR tunnel brace, NPP exhaust

11-18-2014, 07:08 AM	#12
baum Drives: 2013 1LS, 2013 Ram 1500 Join Date: Mar 2013 Location: Minneapolis, mn Posts: 645	NOOOOO 9K of roll ever is almost an extra 180-200 a month on a new payment