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  #21  
Old 01-25-2020, 11:03 AM
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The Champ The Champ is offline
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Originally Posted by red1975pacer View Post
Picked up a 2012 Camaro 2ss convert with 13500 miles, black wuth orange stripes, for 21750. Original sticker was 48500. I cant believe how much these cars depreciate so quickly.
Retaining nearly 45% of the original sticker price is actually depreciating very slowly.

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Your car’s value decreases around 20% to 30% by the end of the first year. From years two to six, depreciation ranges from 15% to 18% per year, according to recent data from Black Book, which tracks used-car pricing. As a rule of thumb, in five years, cars lose 60% or more of their initial value.
It's an 8 year old car.

Not saying it's a bad deal, just that at 8 years old, most cars would be worth closer to 25% or less of the original sticker price.

Enjoy your new addition to your fleet....

  #22  
Old 01-25-2020, 01:28 PM
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Originally Posted by The Champ View Post
Retaining nearly 45% of the original sticker price is actually depreciating very slowly.



It's an 8 year old car.

Not saying it's a bad deal, just that at 8 years old, most cars would be worth closer to 25% or less of the original sticker price.

Enjoy your new addition to your fleet....
Your math doesn't apply so much in this case. Striped black vert. SS. Extreme low mileage. Look on the bay at prices. In line for this type car, but they typically have higher miles. No 12K ones, sorry. So IMO, Good Deal!!

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  #23  
Old 01-25-2020, 05:15 PM
red1975pacer red1975pacer is offline
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The car I bought has a perfect car fax, and a orange seat treatment with black accents. Perfect interior, 99 percent perfect paint, some kind of passport built in rader detector.. Its a great looking color combo on a relatively cheap car.Plus I bought it on a cold January Cleveland day. Im sure it would be more in the spring. Now granted, I always believed cars hit rock bottom price wise in about 10-12 years old, but to find a dirt cheap 13k mile one in a good color wouldn't be easy. This car also has a "RS" package with full gages, and what they call an "Orange " package with bright orange brake calipers and orange "valve covers-"


Last edited by red1975pacer; 01-25-2020 at 05:43 PM.
  #24  
Old 01-25-2020, 07:25 PM
1965gp 1965gp is offline
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All that really matters is that you like it

  #25  
Old 01-25-2020, 07:45 PM
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From a fellow LT1 car owner, congrats on scoring a rare and unique car.

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  #26  
Old 01-26-2020, 11:27 AM
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Originally Posted by bird72 View Post
Your math doesn't apply so much in this case. Striped black vert. SS. Extreme low mileage. Look on the bay at prices. In line for this type car, but they typically have higher miles. No 12K ones, sorry. So IMO, Good Deal!!
I didn't say it was a bad deal. I said "most cars" would be worth 25% or less of sticker price after 8 years.

Due to the low mileage and condition, this Camaro probably had a 20 - 25% premium on it.

Per KBB.com - the fair market value range for a black 2SS Convertible with 13,500 mile is $19,477 - 21,814.

So, it was a decent deal per the "experts".

  #27  
Old 01-26-2020, 11:59 AM
red1975pacer red1975pacer is offline
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Personally I liked the car enough to buy it , Going in to negotiations I knew the low value was 19400,{My cousin is a Mazda dealership owner}. They were asking 23000. I paid up for condidtion and color rarity. Ad in the RS and orange rotor and "valve" color package and your right there. Needless to say, this will be an upgrade from my AMC Pacer


Last edited by red1975pacer; 01-26-2020 at 12:21 PM.
  #28  
Old 01-26-2020, 01:40 PM
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I used to drive all over town to new car dealers negotiating to save $200, which I surely spent in gas and food- and made a $5 difference on the note. Now I decide what I will pay and as long as I get to that point I’m happy.

Here lately I have been buying cars 2-5 years old, and waiting for the colors/options I want to come up. I’m now willing to pay a little more to get what I want.

For the first time ever, I paid asking price from a dealer last year. They had just gotten in a Hellcat in a color other than white, black or purple. Car was clean and I felt like I got a pretty fair deal.

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  #29  
Old 01-26-2020, 04:03 PM
red1975pacer red1975pacer is offline
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Quote:
Originally Posted by 1965gp View Post
I used to drive all over town to new car dealers negotiating to save $200, which I surely spent in gas and food- and made a $5 difference on the note. Now I decide what I will pay and as long as I get to that point I’m happy.

Here lately I have been buying cars 2-5 years old, and waiting for the colors/options I want to come up. I’m now willing to pay a little more to get what I want.

For the first time ever, I paid asking price from a dealer last year. They had just gotten in a Hellcat in a color other than white, black or purple. Car was clean and I felt like I got a pretty fair deal.
When I was buying this car they told me they cant keep the newer Mopar products on the lot. They bring them in and their gone the next day

  #30  
Old 01-26-2020, 07:51 PM
1965gp 1965gp is offline
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They gave us so much for our SRT8 as a trade in I was going to buy something that day. I guess more people buying in 30k bracket than 50k bracket in the used car business

  #31  
Old 01-27-2020, 11:01 PM
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Great car great engine, I had that LT-1 engine in my 94 Vette completely stock and lots of fun. The only negative and you probably already know is the Opti-Spark distributor. The 92-94's are not sealed 95 & 96 are sealed do not let it get wet NO PRESSURE WASHING at all. When changing upper radiator hose put something to direct the water away from it, I used roof flashing. Last but not least make sure the radiator hoses are in great shape if they blow water will get on the Opti-Spark and it costs $150-$300 depending where you buy it and 3 hours to change. So enjoy that bad boy and post some auto-cross video's.

  #32  
Old 02-03-2020, 05:34 PM
Sidponcho Sidponcho is offline
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The Camaro preceded the Firebird and was the car to copy. The Firebird ended up being a bit gaudy looking

  #33  
Old 02-09-2020, 11:49 AM
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Congratulations on getting your new car, I also have an LT1.

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  #34  
Old 02-10-2020, 07:00 PM
red1975pacer red1975pacer is offline
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One thing my car doesn't have is the original window sticker. Does anyone have any idea of how long a dealer or zone office would hang on to original paperwork? My car is a 2012. Thanks

  #35  
Old 02-17-2020, 12:06 AM
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Quote:
Originally Posted by Gen2guy View Post
Great car great engine, I had that LT-1 engine in my 94 Vette completely stock and lots of fun. The only negative and you probably already know is the Opti-Spark distributor. The 92-94's are not sealed 95 & 96 are sealed do not let it get wet NO PRESSURE WASHING at all. When changing upper radiator hose put something to direct the water away from it, I used roof flashing. Last but not least make sure the radiator hoses are in great shape if they blow water will get on the Opti-Spark and it costs $150-$300 depending where you buy it and 3 hours to change. So enjoy that bad boy and post some auto-cross video's.
Thanks. I ended up replacing the Opti within months of buying the car. There was an oil leak from the front timing cover, so we ended up replacing all the timing cover seals. That meant Opti and water pump had to come out so I replaced them while I was there - ended up going with one of the rebuilt units from the 'opti-doctor' on eBay that included an MSD cap and rotor so it's now vented like the later LT1's.

Here's a short video of my wife having fun with the car

https://www.youtube.com/watch?v=bLHSxHpMTtg

We have our first track day scheduled for the 1st week of May at PittRace.

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1974 Trans Am, 400 4-speed, 3.42 rear.

  #36  
Old 02-17-2020, 02:31 AM
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The 1LE package was designed for the SCCA racing with upgraded performance features. The 1LE was essentially a factory lightweight race version of a Z/28. The 1LE package was available in the Camaro from 1988-99.
The 1LE package created a no frills, hardcore performance street/track car. Chevrolet produced only 135 1LE cars for the 1994 model year, and all were devoid of any power options, air conditioning, cruise control, T-tops, and fog lamps. This was meant to create the lightest possible car to improve handling.

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  #37  
Old 08-02-2020, 10:38 AM
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We had HPDE track days booked for the start of the year - but they all got cancelled due to COVID. Even Autocross was delayed several months but we've competed in as many events as we can this year. Car is still running strong - only things it's needed is oil changes and tires;


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1974 Trans Am, 400 4-speed, 3.42 rear.

  #38  
Old 08-02-2020, 10:26 PM
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Great to see it doing what it was born to do.
Back in the 90s when I was doing a lot of Autoxing, all the Z's at the big SCCA Regional events were 1LEs.

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  #39  
Old 12-08-2020, 07:28 PM
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This car is for sale if anyone is looking for a fun track day/autocross car;

https://ls1tech.com/forums/market/1944144

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1974 Trans Am, 400 4-speed, 3.42 rear.

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