I could live with $10k, not $30k in 6 months. Car is paid off but it still feels like I lost a small fortune.
So you don't think being in an accident has anything to do with the depreciation?
I tried it with and without on CarMax and it was only a couple thousand dollar difference between accident and no accident so I haven't filed the claim yet until I decide whether to take the risk and get it fixed but worried the rattling won't go away and the suspension will never be as tight and keep it or eat $30k on a 6 month old vehicle with another $7k in window tint, ppf, ceramic coat down the drain and get something else. Losing almost$40k is killing me tho, never had a car depreciate by almost half not even 1 year old. Just don't understand why mine depreciated so much when I see others online with less features and more miles selling for $10-20k more
It sounds like you don’t want to be out of the money so keeping it will be your best option. You may need to get a lawyer involved to make sure it gets fixed 100% correctly and you get money back for diminished value after an accident.
Well.......I don't see mustangs, camaro's, chargers or vette's in any of those reports......that's a good thing.
There are people who specialize in that.
Camaro is actually one of the lowest depreciating cars over the last 5 years.
That's what it looks like. I haven't bought new in 10 years so found out the hard way. I was planning to never sell tho until the car first got keyed and now this wreck. Between it needing to be repainted and now repaired, I'm not sure if it's best to cut my losses and move on or attempt to get it back to factory new, if that's even possible now.
sota?
My GT depreciated by $25k in 6 months, don't even know how that is possible. I paid MSRP just under$68k and the CarMax/Carvana is offering me $42k. Stealerships tried to offer me $35-38k. Absolutely ridiculous.
Your GT didn’t depreciate $25K in 6 months. You paid too much to start with by ~4-5 grand, so knock that off your 25K. And you have some milage accumulated to, so deduct that from the $25K. Then there’s the accident and painting incidents that are a part of your cars’s permanent record. All that must be accounted for. Then factor in that you’re trying to sell or trade it to a reseller who will pay you no more than wholesale. Plus, the dealer or potential buyer can sense your frustration and he’s gonna take advantage of it. Factor all that in and you probably lost no more than 10 grand in real money, worst case. If you want to minimize your “loss”, stop whining long enough to sell your car at retail on your own and you may get down to the 6-7K range.
