Horrible resale value?
02-10-2008, 08:37 PM
#1
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Horrible resale value?
Did anyone notice the huge depreciation these cars have been hit with in the past 6 months? Many are asking in the mid teens for 03-05 models and even then they are not selling that easily.
Has nissan produced way too many of these cars or have people just lost interest in them?
Comparing similar year and mileage to honda s2000 and its clear that they hold their value way better than our cars yet were almost the same price brand new.
rant over...
Has nissan produced way too many of these cars or have people just lost interest in them?
Comparing similar year and mileage to honda s2000 and its clear that they hold their value way better than our cars yet were almost the same price brand new.
rant over...
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02-11-2008, 05:46 AM
#11
Really MrZ31
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Originally Posted by davidv
Can you show me a quote from a credible source stating that 350Z depreciation is horrible? Thanks.
Problems I am blaming this on:
1. Auto
2. Economy
3. Wintertime
But, I can't afford to wait, so it has to go now.
02-11-2008, 06:29 AM
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Quick sale on any vehicle you will have to price below book. What I see is that the resale value of the 350Z did take a hit with the coming of another year and rumour of totally new vehicle of 370Z. The prices did drop my 05 Touring cost me $23k 12k miles on it, now a year later near 28k I'm seeing $19k-$18K. What I've notice is that high mileage 350Zs are still priced in $16-$14k with 67k - 80k miles on them.
To make things clear a 07 Chevy Cobalt prices $13950, 07 Chrysler 300 v6 $18,999, 06 RX-8 $17,950, 05 Corvette is $38,540, 04 350ZR auto **$24,650 40k miles**, 05 350z GT $25,599 auto 24K, 06 350Z 8K 6sp $23,999, 98 Porsche Boxster $15,900, 99 911 cabriolet $29,000, 04 Mustang 49k $9,995, 06 Mustang Gt $17,999. I found no listing for the Honda S2000 in the entire paper.
So being somewhere between a use 05 Corvette Z06 and 1 year old Chrysler Luxury car is not bad for a 4-5 year old car. Thank God you're not driving a 1-2 year Rx-8 $33k now costing $17-$16k, thats almost half.
Of course it would be good to hold value like a Porsche.
High Gas, winter time and tax season maybe some of the reason for depreciation. A 05 GT maxed out 350Z auto for $25k lost $9k in 3 years not bad.
To make things clear a 07 Chevy Cobalt prices $13950, 07 Chrysler 300 v6 $18,999, 06 RX-8 $17,950, 05 Corvette is $38,540, 04 350ZR auto **$24,650 40k miles**, 05 350z GT $25,599 auto 24K, 06 350Z 8K 6sp $23,999, 98 Porsche Boxster $15,900, 99 911 cabriolet $29,000, 04 Mustang 49k $9,995, 06 Mustang Gt $17,999. I found no listing for the Honda S2000 in the entire paper.
So being somewhere between a use 05 Corvette Z06 and 1 year old Chrysler Luxury car is not bad for a 4-5 year old car. Thank God you're not driving a 1-2 year Rx-8 $33k now costing $17-$16k, thats almost half.
Of course it would be good to hold value like a Porsche.
High Gas, winter time and tax season maybe some of the reason for depreciation. A 05 GT maxed out 350Z auto for $25k lost $9k in 3 years not bad.
Last edited by Donsred350Z; 02-11-2008 at 09:03 AM.
02-11-2008, 06:33 AM
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When I bought my Z, I made sure my intentions were not to sell it again since I knew I would never get back what I paid for it. I am sure I wouldn't be able to get anything close to what I paid for.
02-11-2008, 09:52 AM
#20
S2K vehicle prices aren't that good either.
considering what they MSRP for it is sad to see them available for low 20's.
the Z got hit harder because the 07 got an upgraded engine and is not much more than the older one, while the S2k has remained unchanged and hasn't sold as many units.
I see the G35 hit the hardest... they held thier value really well until recently. G37c I guess?
considering what they MSRP for it is sad to see them available for low 20's.
the Z got hit harder because the 07 got an upgraded engine and is not much more than the older one, while the S2k has remained unchanged and hasn't sold as many units.
I see the G35 hit the hardest... they held thier value really well until recently. G37c I guess?