Could vehicle appreciate in value?

Asked by Guru9Z312Z Dec 22, 2020 at 01:50 PM about the 2016 Chevrolet Camaro 1SS Convertible RWD

Question type: Car Selling & Trading In

Camaro ss convertible 2016 18,600 miles
close to excellent condition. Garage kept. I
want to pay off $20,000. and keep. Can it
appreciate?

4 Answers

41,240

A 2016 isn't collectible, but could be worth something in maybe another 40 years. But then again maybe not when everything is electric and you can't find gasoline.

1 people found this helpful.

Nope. It will go down in value for years to come. It will probably bottom out in 20 years or so and if it is super clean and low miles it might start to come back up eventually.

1 people found this helpful.

If you want a collectible get the most expensive and rarest model, leave it in climate controlled garage and only put 500 miles a year on it going to car shows.

1 people found this helpful.
157,625

As others have said, probably not right now. But if you can wait 20 or 30 years, maybe. People look back on their youth with sugar coated memories and become nostalgic for cars and things from that time in their lives. We're starting to see prices rise again for Camaros and Firebirds from the 80s and 90s for that reason. Then you have the younger people who have heard their parents stories about that simpler time and think it would be great to have a car like their Parents or an older sibling had. Another draw for the young is that you don't see a 20 or 30 year old vehicle everyday. So that makes it cool to! For example my 94 Fleetwood Limousine draws attention whenever I take it out. It's usually a younger person who has never seen one who approaches me with questions about the car. To me the car isn't that old, but in reality it is. Especially to someone who is in their twenties. So, I would say buy the Camaro, drive it, and enjoy it. Don't look for it to be worth millions anytime soon! Plus if you factor in the storage costs, you'll never get a return on your investment anyhow! Hope that helps! Jim

1 people found this helpful.

Your Answer:

Camaro

Looking for a Used Camaro in your area?

CarGurus has 312 nationwide Camaro listings starting at $9,499.

Postal Code:

CarGurus Experts

  • #1
    C. Thomas
    Reputation
    2,330
  • #2
    dandyoun
    Reputation
    2,210
  • #3
    GuruRZRMY
    Reputation
    1,720
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Ford Mustang
62 Great Deals out of 1,288 listings starting at $4,995
Used Chevrolet Corvette
29 Great Deals out of 1,066 listings starting at $15,871
Used Dodge Challenger
31 Great Deals out of 470 listings starting at $7,999
Used Dodge Charger
36 Great Deals out of 642 listings starting at $4,888
Used Chevrolet Silverado 1500
202 Great Deals out of 5,916 listings starting at $2,975
Used Ford F-150
338 Great Deals out of 15,311 listings starting at $1,712
Used BMW 3 Series
73 Great Deals out of 1,177 listings starting at $1,995
Used GMC Sierra 1500
147 Great Deals out of 7,209 listings starting at $3,950
Used Mercedes-Benz C-Class
95 Great Deals out of 1,461 listings starting at $3,799
Used BMW M3
6 Great Deals out of 87 listings starting at $15,995
Used Chrysler 300
35 Great Deals out of 512 listings starting at $4,999
Used Jeep Grand Cherokee
109 Great Deals out of 3,211 listings starting at $3,570
Used BMW M4
4 Great Deals out of 100 listings starting at $35,995
Used Lexus IS
21 Great Deals out of 310 listings starting at $5,800

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.