nissan and poor resale value
05-04-2007, 01:52 PM
#27
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My neighbor purchased a 2004 MT Enthusiast fully loaded in 2004. Actually, one month after I purchased my Enthusiast. He traded in his 2004 MT Enth. with 35k miles a few weeks ago and got only $16500 for it. The car looked like new and had no damage with descent tire tread remaining. The dealer sold it for $20900 about a week later.
Yes, considering the real actual received trade in value I have to agree - the resell value isn’t very promising. I gotta keep mine.
Yes, considering the real actual received trade in value I have to agree - the resell value isn’t very promising. I gotta keep mine.
05-04-2007, 02:05 PM
#28
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I am actually surprised how well they have kept their value.
I'll keep mine for another 10-15 years at least.
It will probably be worth what I paid for it by then.
I'll keep mine for another 10-15 years at least.
It will probably be worth what I paid for it by then.
05-04-2007, 03:59 PM
#30
Your comparing the Z to Acura & Lexus....the two best lines of cars made for resale value.
Everyone knows Acura/Lexus are at top of heap for resale value. Don't blame Nissan for you not doing your homework if resale value is/was an important consideration for you.
Go look in the mirror if your unhappy.
Everyone knows Acura/Lexus are at top of heap for resale value. Don't blame Nissan for you not doing your homework if resale value is/was an important consideration for you.
Go look in the mirror if your unhappy.
Last edited by The Brickyard Rat; 05-04-2007 at 04:12 PM.
05-04-2007, 04:28 PM
#31
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If you were worrying about resale value, why didn't you either lease it or buy it used?
I bought my Z without thinking about getting rid of it any time soon. I'll probably keep it till I have kids, tell them that one day it will be there's, and end up buying them a Kia as my Z becomes a classic
I bought my Z without thinking about getting rid of it any time soon. I'll probably keep it till I have kids, tell them that one day it will be there's, and end up buying them a Kia as my Z becomes a classic
05-04-2007, 09:18 PM
#33
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i know someone who bought one of the first 2003 burnt orange leather Tourings back in early 03... paid 34k$ plus tax and license.... sold it to carmax six months later with less than 3k miles for 27k.
05-04-2007, 09:20 PM
#34
Originally Posted by Ztalker
i know someone who bought one of the first 2003 burnt orange leather Tourings back in early 03... paid 34k$ plus tax and license.... sold it to carmax six months later with less than 3k miles for 27k.
05-05-2007, 03:02 AM
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I have my 2006 350Z on autotrader. The car has under 13K miles, $29K window sticker. I have it listed for $22,500. The car is only 5 months old. I hope it sells.
05-05-2007, 04:11 AM
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Originally Posted by freddymoo
why does nissan/infiniti have poor resale value...is it because of their quality?
whereas lexus/acura holds their value much higher??
any comments?
i bought my 2004 in jan. 2005 for $28k, now with 32.6k miles on it, it dropped 9k.....that's 9k in little more than 2yrs.
trying to sell it for $19k and no buyers.
looks like this will be my last nissan.
whereas lexus/acura holds their value much higher??
any comments?
i bought my 2004 in jan. 2005 for $28k, now with 32.6k miles on it, it dropped 9k.....that's 9k in little more than 2yrs.
trying to sell it for $19k and no buyers.
looks like this will be my last nissan.
Well since you brought Infiniti into this, I have a 03 FX 45 I paid 38k for it new. If I was to trade or sell it now I could get between 27k - 30k not to bad for a nissan. My Z will rust away before I sell it.
05-05-2007, 07:34 AM
#38
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Strange that you claim resale value to be low. Consumers Reports lists resale value of the Z as above average. Maybe it has a lot to do with part of the country, model, and time of the year.
05-05-2007, 07:48 AM
#39
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When a New Car Becomes a Used Car...
In my storied carreer as a car salesman,I learned a lot about the depreciated value of a two-three year old car.For years,I counseled friends to skip buying new and find a similar 2 or 3 year old.
The main reason an owner loses big if he trades his new car in the first couple years is because he negotiated a lousy deal to begin with.
New cars (in the $30-35K range) have about $3000 (or more)markup on them.This means that if you paid thirty,you bought something worth 27.
If there were incentives,like cash back at signing or rebates,these monies will be subtracted from the car's overall value.
If you loaded up on expensive options,like glitzy wheels or overpriced sound systems,you will recover a very small percent of their initial cost.Mods recover practically nothing,and may actually lose money for you at trade-in.
Any taxes paid at purchase are lost forever in the monetary equation.
Then,normal depreciation sets in.By the third year,this loss in value levels off.
I traded a three year old,2000 Maxima SE,44,000 miles and in perfect shape--except it needed tires--for my Z.I had originally paid $27,000 for it.The dealer offered $12,500 as a trade.He would not budge from the Z's sticker.I cursed myself for not following my own advice about buying new,then I began to negotiate.I finally got 15K for the Max,not great,but better than the initial offer.
I was amazed--in a little over two years(I bought the Max new in Spring of 2001) I had lost almost 50% on the car.I monitored the prices asked for used Maximas after that.About a year later,I began to notice that 2000 Maxima prices had leveled off,hovering in the mid-teens.
I liked the car and needed more space than the Z could provide,so in '05 I bought another,almost identical to the original one,for $11,000.When I got it,there were 62,000 miles on it.Now there are 88,000.It's been a fault-free daily driver,and is up for sale for $12,000.I'll take $11,000.
If I hadn't wanted a Z so badly,I never would have bought a new one.
I don't know what current values for an '03 Z are right now,and I don't care.I'm keeping my Z until I wear off ALL it's depreciation,and look forward to the day it becomes a pricey classic.
The main reason an owner loses big if he trades his new car in the first couple years is because he negotiated a lousy deal to begin with.
New cars (in the $30-35K range) have about $3000 (or more)markup on them.This means that if you paid thirty,you bought something worth 27.
If there were incentives,like cash back at signing or rebates,these monies will be subtracted from the car's overall value.
If you loaded up on expensive options,like glitzy wheels or overpriced sound systems,you will recover a very small percent of their initial cost.Mods recover practically nothing,and may actually lose money for you at trade-in.
Any taxes paid at purchase are lost forever in the monetary equation.
Then,normal depreciation sets in.By the third year,this loss in value levels off.
I traded a three year old,2000 Maxima SE,44,000 miles and in perfect shape--except it needed tires--for my Z.I had originally paid $27,000 for it.The dealer offered $12,500 as a trade.He would not budge from the Z's sticker.I cursed myself for not following my own advice about buying new,then I began to negotiate.I finally got 15K for the Max,not great,but better than the initial offer.
I was amazed--in a little over two years(I bought the Max new in Spring of 2001) I had lost almost 50% on the car.I monitored the prices asked for used Maximas after that.About a year later,I began to notice that 2000 Maxima prices had leveled off,hovering in the mid-teens.
I liked the car and needed more space than the Z could provide,so in '05 I bought another,almost identical to the original one,for $11,000.When I got it,there were 62,000 miles on it.Now there are 88,000.It's been a fault-free daily driver,and is up for sale for $12,000.I'll take $11,000.
If I hadn't wanted a Z so badly,I never would have bought a new one.
I don't know what current values for an '03 Z are right now,and I don't care.I'm keeping my Z until I wear off ALL it's depreciation,and look forward to the day it becomes a pricey classic.
05-05-2007, 07:53 AM
#40
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Cars are the worst investments you can do ever and its not only nissan its every car the only cars who hold up to the resale value i would say are bmw mercedese maybe porches but not sure about that one