Is the new car worth almost twice as much?
The new 2017 Chevrolet Camaro ZL1 is a badass car. It packs a 6.2-liter supercharged V8 with 640 hp and 640 lb-ft of torque. That may be 10 less hp and lb-ft than the Corvette Z06, but it's way more than the outgoing ZL1's 580 hp and 556 lb-ft of torque. The new ZL1 also lost 200 pounds thanks to the new lightweight Alpha platform that also underpins the Cadillac ATS. Obviously the new ZL1 is the superior car, but has depreciation turned the old car into the better value ride?
Pricing for the 2017 ZL1 has not been announced. However, we expect a starting price of over $60,000. Back in 2012, a new ZL1 would set you back $54,995. If these numbers are compared, the new car seems like a no brainer. However, thanks to depreciation, 2012 and 2013 ZL1s can be had for almost half that. Do some searching, and you can find a 2012 or 2013 ZL1 for just $30,000. That's pretty darn low, and most examples that we could find were around the $35,000 range with less than 35,000 miles. If you decide to go wild with the options sheet, a new ZL1 may set you back as much as $70,000, so the old models are reasonably half the price.
With the previous generation ZL1, you will be getting 60 less hp and more than 80 lb-ft less toque. However, a 3.9-second 0-60 time and 12 second quarter-mile time is not exactly what we would call slow. Inside the new Camaro you will be treated to vastly upgraded materials that give a more premium trim. The last generation Camaro felt like much more of a bargain bin on the inside. If you can live without the much-improved infotainment system and interior layout, you may be able to keep as much as $30,000 in your bank account. Your opinion may differ, but $30,000 seems like a lot to pay for 60 hp and a nicer interior. We will leave the opinions on the exterior styling to you, but we think that the new car does look more premium than the outgoing car.
Tell us in the comments section wether you think you would buy the new ZL1 or the old one. If it was your money, would you dish out close to $30,000 to get the extra power and interior refinement? Or would you save the money, tune the old car at Hennessey, and blow the doors of the guy who wasted his money at the dealership? Let us know!