Looked at trading in my Z today. Depreciation is a *****!
03-19-2003, 01:18 PM
#1
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Looked at trading in my Z today. Depreciation is a *****!
Was going to trade for a Silverstone Track in Austin if I could keep the payments roughly the same via better interest rates and not paying MSRP. Dealer offered $28K for my immaculate 6MT Touring with 10K miles. I almost threw up when I heard the bid, but felt a little better when they showed me they paid $28.5K for another 6MT Touring with only 2K miles. I could have pursued the negotiation process and asked why they needed to f**k me on the price again when they just made MSRP off of me six months ago, but wasn't in the mood. It's really not worth that kind of hit to avoid upgrading the brakes out of pocket.
So, the standard, instant depreciation on all Zs hovers around $8K. Man, that's harsh.
So, the standard, instant depreciation on all Zs hovers around $8K. Man, that's harsh.
03-19-2003, 01:29 PM
#2
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You'll do so much better if you sell your Z privately- but seriously, why not a set of Stop Tech's for the front? That will run you about $2K... Are you looking to do some track events?
-Ethan
-Ethan
03-19-2003, 01:39 PM
#3
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Originally posted by ethan84ae
You'll do so much better if you sell your Z privately- but seriously, why not a set of Stop Tech's for the front? That will run you about $2K... Are you looking to do some track events?
-Ethan
You'll do so much better if you sell your Z privately- but seriously, why not a set of Stop Tech's for the front? That will run you about $2K... Are you looking to do some track events?
-Ethan
"Didn't your car come with brakes? Why do you need new ones? I want to do the five grand in landscaping this year!"
03-19-2003, 02:07 PM
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Re: Looked at trading in my Z today. Depreciation is a *****!
Originally posted by droidekaus
Was going to trade for a Silverstone Track in Austin if I could keep the payments roughly the same via better interest rates and not paying MSRP. Dealer offered $28K for my immaculate 6MT Touring with 10K miles. I almost threw up when I heard the bid, but felt a little better when they showed me they paid $28.5K for another 6MT Touring with only 2K miles. I could have pursued the negotiation process and asked why they needed to f**k me on the price again when they just made MSRP off of me six months ago, but wasn't in the mood. It's really not worth that kind of hit to avoid upgrading the brakes out of pocket.
So, the standard, instant depreciation on all Zs hovers around $8K. Man, that's harsh.
Was going to trade for a Silverstone Track in Austin if I could keep the payments roughly the same via better interest rates and not paying MSRP. Dealer offered $28K for my immaculate 6MT Touring with 10K miles. I almost threw up when I heard the bid, but felt a little better when they showed me they paid $28.5K for another 6MT Touring with only 2K miles. I could have pursued the negotiation process and asked why they needed to f**k me on the price again when they just made MSRP off of me six months ago, but wasn't in the mood. It's really not worth that kind of hit to avoid upgrading the brakes out of pocket.
So, the standard, instant depreciation on all Zs hovers around $8K. Man, that's harsh.
03-19-2003, 04:35 PM
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Re: Looked at trading in my Z today. Depreciation is a *****!
Originally posted by droidekaus
So, the standard, instant depreciation on all Zs hovers around $8K. Man, that's harsh.
So, the standard, instant depreciation on all Zs hovers around $8K. Man, that's harsh.
03-19-2003, 06:59 PM
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you will feel not only the hit of depreciation but you will feel the double twang of having to pay the taxes again!
Ouch, put on the stoptechs's!
Ouch, put on the stoptechs's!
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03-19-2003, 08:38 PM
#8
Re: Looked at trading in my Z today. Depreciation is a *****!
Originally posted by droidekaus
Was going to trade for a Silverstone Track in Austin if I could keep the payments roughly the same via better interest rates and not paying MSRP. Dealer offered $28K for my immaculate 6MT Touring with 10K miles. I almost threw up when I heard the bid, but felt a little better when they showed me they paid $28.5K for another 6MT Touring with only 2K miles. I could have pursued the negotiation process and asked why they needed to f**k me on the price again when they just made MSRP off of me six months ago, but wasn't in the mood. It's really not worth that kind of hit to avoid upgrading the brakes out of pocket.
So, the standard, instant depreciation on all Zs hovers around $8K. Man, that's harsh.
Was going to trade for a Silverstone Track in Austin if I could keep the payments roughly the same via better interest rates and not paying MSRP. Dealer offered $28K for my immaculate 6MT Touring with 10K miles. I almost threw up when I heard the bid, but felt a little better when they showed me they paid $28.5K for another 6MT Touring with only 2K miles. I could have pursued the negotiation process and asked why they needed to f**k me on the price again when they just made MSRP off of me six months ago, but wasn't in the mood. It's really not worth that kind of hit to avoid upgrading the brakes out of pocket.
So, the standard, instant depreciation on all Zs hovers around $8K. Man, that's harsh.
03-20-2003, 05:56 AM
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The one big advantage of selling to a dealer besides the time required to find someone to buy it, is that you only pay taxes on the difference in prices. When you sell to an individual, then go buy the track model, then you have to pay full taxes again, not just on the difference.
03-20-2003, 07:23 AM
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The one big advantage of selling to a dealer besides the time required to find someone to buy it, is that you only pay taxes on the difference in prices. When you sell to an individual, then go buy the track model, then you have to pay full taxes again, not just on the difference.
03-20-2003, 08:33 AM
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Originally posted by MallocFailure
Is this always true of trade-ins? So if I get $7500 for my trade in, for tax purposes, it's like I paid $7500 less? Man I hope you're right!!
Is this always true of trade-ins? So if I get $7500 for my trade in, for tax purposes, it's like I paid $7500 less? Man I hope you're right!!
03-20-2003, 09:28 AM
#13
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Originally posted by SunsetZ
So you should be saying that IS how it is in Texas. That is how it is in all states I believe. You only pay taxes on the difference.
So you should be saying that IS how it is in Texas. That is how it is in all states I believe. You only pay taxes on the difference.
That's what happens when you don't give your full attention to f**king off and posting on auto forums. I was actually doing my job at the same time.
03-20-2003, 04:41 PM
#14
Originally posted by droidekaus
I know. WTF was I trying to say?
That's what happens when you don't give your full attention to f**king off and posting on auto forums. I was actually doing my job at the same time.
I know. WTF was I trying to say?
That's what happens when you don't give your full attention to f**king off and posting on auto forums. I was actually doing my job at the same time.
03-20-2003, 05:49 PM
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Yep, in Texas you gotta take the trade-in amount they offer you and multiply it by 1.065 to get what a private sale would take to let you break even.
Edit: And another thing to consider. You bought the newest return of the lonnnnng awaited Z car. You paid premium price to be one of the first on the block. You should have planned on keeping it longer than a few months. You were a little naive if you thought that you wouldn't get screwed. Think about all the people who paid $3-5k over MSRP. That's an instant additional depreciation for them after it was dropped. You should NEVER buy a new car unless you know you want it bad and plan to keep it for years.
I'd go for the aftermarket brakes cause that will be a lot less painful it seems.
Edit: And another thing to consider. You bought the newest return of the lonnnnng awaited Z car. You paid premium price to be one of the first on the block. You should have planned on keeping it longer than a few months. You were a little naive if you thought that you wouldn't get screwed. Think about all the people who paid $3-5k over MSRP. That's an instant additional depreciation for them after it was dropped. You should NEVER buy a new car unless you know you want it bad and plan to keep it for years.
I'd go for the aftermarket brakes cause that will be a lot less painful it seems.
Last edited by retrodog; 03-20-2003 at 05:58 PM.
03-20-2003, 05:54 PM
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droidekaus:
Just get the brakes! Why a whole new car??
Anyway, the higher the value of the car, the worse the trade-in. Private party sales would probably get you a few thousand more, at least.
-- Mark
Just get the brakes! Why a whole new car??
Anyway, the higher the value of the car, the worse the trade-in. Private party sales would probably get you a few thousand more, at least.
-- Mark
03-21-2003, 08:31 PM
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Originally posted by droidekaus
"Didn't your car come with brakes? Why do you need new ones? I want to do the five grand in landscaping this year!"
"Didn't your car come with brakes? Why do you need new ones? I want to do the five grand in landscaping this year!"
Michael.
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