Can You Afford the 6th Gen Camaro? A True Cost Breakdown

The 6th generation Chevrolet Camaro carved its name into American muscle car history with aggressive styling, track-worthy power, and a surprisingly refined ride. But beneath that rumbling V8 and aerodynamic silhouette lies a critical question—can you actually afford the true cost of ownership? This comprehensive guide covers everything: purchase price, insurance, fuel, depreciation, maintenance, repairs, and even resale value. If you're shopping for a used Camaro or eyeing one of the last new 2024 models, this is the breakdown you need.

The End of an Era: 2024 Is the Final Camaro

Chevrolet confirmed that Camaro production ended in December 2023, officially making the 2024 model year the last Camaro—at least in its current form. The 6th gen Camaro went out with a bang, including special trims like the Collector’s Edition, celebrating the car’s legacy from 1967 to 2024.

Rumors of a future electric Camaro remain unconfirmed, so whether you're shopping for a 2.0T turbo or a ZL1 1LE monster, you're also buying a piece of American performance history. And with that comes a new urgency for shoppers and collectors alike: understanding what it really costs to own.

6th Gen Camaro Overview: 2016–2024

Powertrain & Trim Options

Built on GM’s Alpha platform, the 6th gen Camaro debuted in 2016, offering a lighter, more agile ride than the 5th gen. Available in coupe and convertible body styles, it evolved through subtle updates, powertrain enhancements, and limited-run editions before bowing out in 2024.

What’s the True Cost of Owning a 6th Gen Camaro?

Purchase Price

• New (2023–2024): From ~$27,795 (base LT) to ~$72,000+ (ZL1 1LE)
• Used (2016–2022): From ~$17,000 to ~$40,000 depending on trim and mileage

Search terms like “used 6th gen Camaro ownership cost” show strong demand for clean, low-mileage SS and 1LE trims that balance price with performance.

Depreciation

• First-year drop: 20%–25%
• Five-year loss: 55%–60%
• ZL1 trims: Tend to depreciate faster than base models

According to CarEdge, Camaro depreciation is steep in early years but slows over time, making 2017–2019 models sweet spots for used buyers.

Insurance Costs

Trim level and location significantly impact Camaro insurance cost:

• 2.0T / V6: $1,600–$2,000/year
• SS: $2,000–$2,600/year
• ZL1: Up to $3,000/year

The cheapest 6th gen Camaro to insure is typically the base 2.0T, while high-performance ZL1 and SS trims raise rates due to increased risk and repair costs.

Fuel Costs & Economy

*Assuming premium gas and 15k miles/year at $3.80/gal.

If you're wondering “Is a 6th gen Camaro expensive to own?”, fuel cost is a major factor—especially with premium fuel required for most trims.

Maintenance & Repair Costs

Per RepairPal:

• Average annual maintenance cost: ~$585
• Common costs:
  • Oil change (SS): $100–$120
  • Brake pad replacement: $250–$500
  • Transmission service (10-speed auto): $250+
  • Camaro tire replacement cost: $800–$1,200

SS and ZL1 owners should expect tire wear and premium part replacement more frequently.

Financing & Loan Costs

• Used 2017 Camaro SS: ~$470/month @ 7% APR
• New 2024 Camaro LT1: ~$660/month @ 6.5% APR
• ZL1: ~$1,200/month+ with average financing

Trim level significantly affects 6th gen Camaro financing cost, especially as interest rates rise.

Year-by-Year Comparison: 6th Gen Camaro (2016–2024)

Used buyers looking for value should target 2017–2019 models. Performance collectors? Focus on ZL1 1LEs from 2018+ or 2024 Collector’s Editions.

Common Issues That Add Cost

The most frequent 6th gen Camaro problems (with costs) include:

• 10-speed automatic transmission shudder: $1,200+ repair
• Infotainment screen issues: $500–$700
• Rear differential failures: $1,800–$2,500
• Timing chain issues (V6): $1,500+

For those concerned about Camaro repair costs, an extended vehicle service contract is worth serious consideration.

👉 Explore warranty options at Noble Quote's Learning Center

Special Editions & Collector Trims

Unique trims add flair but also impact cost and maintenance:

• 1LE Packages (V6/SS/ZL1): Performance upgrades, stiffer suspension, higher tire wear
• ZL1 1LE: Track-ready, carbon aero, magnetic ride
• Collector's Edition (2024): Final-run, limited production

Many of these trims retain better resale value but increase long-term ownership costs.

Realistic Annual Cost of Ownership

Average total per year: $6,000–$10,000+ depending on trim and driving habits.

Final Verdict: Can You Afford the 6th Gen Camaro?

Owning a Camaro isn't just about horsepower and weekend cruises. It's about budgeting for fuel, insurance, depreciation, and repairs. If you're going for a 2.0T or V6, ownership costs are manageable. But if you're chasing an SS or ZL1, expect premium-level expenses.

Still interested? Noble Quote helps you protect your ride and your wallet with extended coverage options made for muscle car lovers.

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