2002 SOM Camaro SS Worth? - LS1TECH - Camaro and Firebird Forum Discussion



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2002 SOM Camaro SS Worth?

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Old 02-24-2016, 01:25 PM   #1
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Default 2002 SOM Camaro SS Worth?

I'm considering selling my '02 Camaro SS this Spring. It has 52k miles on it, auto. trans, dark gray leather, t-tops, power everything. The mods are GMMG catback, SLP lid, smooth bellow, K&N air filter and a Frost tune. It is in excellent condition, no damage inside or out. Never wrecked, 1 owner car. I can see what the books say, just looking for opinions on the "real" value. Located in Michigan. Thanks.



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Old 02-24-2016, 03:00 PM   #2
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I have always liked this color. May I ask, where in Michigan are you located?
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Old 02-24-2016, 03:37 PM   #3
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I have always liked this color. May I ask, where in Michigan are you located?
Corunna. I just tell people between Flint and Lansing. Ha! Easier that way.
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Old 02-24-2016, 05:56 PM   #4
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Just as a point of reference, the first SS I ever considered (in 2011) was a 2001 SS SOM A4 in upstate NY with 44K miles. Owner was asking $10,500. Price was right but I wasn't up for the 6 hour trip. I think they're worth more today though.

If your car wasn't SOM I'd figure it around $11K. That's right around what NADA lists for "clean" retail. KBB out to lunch at $8,088. I could see a weak A4 car being $9K-$10K and a strong one $11K-$12K. I'd personally pay a min of a 10% premium for SOM....up to 20% for a particularly strong example. Guess that means I'd figure your car in the $12K-$13K range for what we know about it so far. A clean and well taken care of SOM SS/WS6 is not hard to sell.

Another reference point is the 1 owner, silver 1999 SS A4 with 9,500 miles in NY (autotrader.com). Listed price is $13,500 and it's been for sale since mid-2015. Figure $13K on that one. (Trade off SOM + 3 model years for 43K less miles).
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Old 02-24-2016, 09:56 PM   #5
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Just as a point of reference, the first SS I ever considered (in 2011) was a 2001 SS SOM A4 in upstate NY with 44K miles. Owner was asking $10,500. Price was right but I wasn't up for the 6 hour trip. I think they're worth more today though.

If your car wasn't SOM I'd figure it around $11K. That's right around what NADA lists for "clean" retail. KBB out to lunch at $8,088. I could see a weak A4 car being $9K-$10K and a strong one $11K-$12K. I'd personally pay a min of a 10% premium for SOM....up to 20% for a particularly strong example. Guess that means I'd figure your car in the $12K-$13K range for what we know about it so far. A clean and well taken care of SOM SS/WS6 is not hard to sell.

Another reference point is the 1 owner, silver 1999 SS A4 with 9,500 miles in NY (autotrader.com). Listed price is $13,500 and it's been for sale since mid-2015. Figure $13K on that one. (Trade off SOM + 3 model years for 43K less miles).
Appreciate that. Some good info there to help give me some direction.
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Old 02-25-2016, 07:25 AM   #6
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I also would personally pay a slight premium for a one owner garage kept car with decent mileage. The color is a bonus and also commands a premium. Whatever the 'books' state in your zip code, I would ask $3,000 higher in an ad (for the reasons I stated) and settle for $2,000 over after negotiations. If you get no calls, then come down a little. The car will sell in the warmer months. No doubt about it. One owner SOM F-bodies with decent mileage are not that common.

**Just want to add. If the car needs tires (age, wear, etc..) and maintenance is lagging (fluids), you have to allow for more room in negotiations. I' wouldn't pay top dollar for any car that needs $1,000 right off the bat.
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Old 02-25-2016, 08:44 AM   #7
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I also would personally pay a slight premium for a one owner garage kept car with decent mileage. The color is a bonus and also commands a premium. Whatever the 'books' state in your zip code, I would ask $3,000 higher in an ad (for the reasons I stated) and settle for $2,000 over after negotiations. If you get no calls, then come down a little. The car will sell in the warmer months. No doubt about it. One owner SOM F-bodies with decent mileage are not that common.

**Just want to add. If the car needs tires (age, wear, etc..) and maintenance is lagging (fluids), you have to allow for more room in negotiations. I' wouldn't pay top dollar for any car that needs $1,000 right off the bat.
Ok, thanks. The tires on the car are good. About 50% tread. Maintenance is all current. I'm really picky when it comes to my vehicles. As far as I know, it needs nothing. Once it's back on the road this Spring, it will go to my friends garage, put on the hoist and checked over. Along with fresh oil and filter. I kind of had a number in mind, but what you said about 2-3 over book price helps. Thanks for the input.
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Old 12-16-2016, 04:44 AM   #8
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Originally Posted by CGT77 View Post
I'm considering selling my '02 Camaro SS this Spring. It has 52k miles on it, auto. trans, dark gray leather, t-tops, power everything. The mods are GMMG catback, SLP lid, smooth bellow, K&N air filter and a Frost tune. It is in excellent condition, no damage inside or out. Never wrecked, 1 owner car. I can see what the books say, just looking for opinions on the "real" value. Located in Michigan. Thanks.


How Much Did u end up getting for your car? I'm in the market of 1 and I found 1 with 55k miles 6 speed and it's a hard top I just want to know what is a fair deal. I've been waiting on a 02 som to pop up and it finally did. I don't want it to slip thru mymy hands
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Old 12-16-2016, 09:37 AM   #9
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You ought to start your own WIW thread. We don't even know if the OP sold their car. I'd bet they didn't. And there's no way to compare their car against yours for exact condition.

In any case, much of what was discussed above applies to your car. Same general price range. While I'd normally toss in an extra $1K for the M6 I think prices on these cars dropped $500-$1,000 in since the OP posted back in February. At least some of the sale prices on these cars in summer/fall of 2016 are significantly less than what they brought in 2015. Something changed in the used car market. Could be more examples of the later model year performance cars (2004-2009) coming down in price, that only pushes the '98-'02 F bodies a bit further down as well.

And if you have any SLP added options like CME/perf exhaust, Auburn, Bilstein suspension, chrome wheels, etc. that adds extra value. I'd figure a clean, 1/2 owner 55K 2002 SOM M6 in the $12K-$13K range. And if the car is really nice for the mileage, and you don't want to let it slip away, you might want to go as high as $13,500. Ensure that whatever you do pay, that it covers expected maintenance items coming due in the next year (brakes, tires, suspension, major fluid changes, etc.).

Last edited by Firebrian; 12-16-2016 at 09:44 AM.
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