I don't actually own a 350Z, yet. In a few months our company is being sold, and all of the employees get a cut in the deal, since it is employee owned. I want to purchase an 07 Base 350Z, with all the available Nismo parts included. I will be paying cash, and was curious if any of you knew a decent price they might drop it down to, since it will be all cash on the spot. I was also curious as to the Engine/Drivetrain warrantee that Nissan offers, and if extensive modification would void the said warrantee. Thanks in advance for your help!

 

warranty is 3/36k...any modification will void whatever you modified...if you're looking to keep the warranty I'd suggest you don't do big mods or buy nismo only and have it dealer installed...however that will be quite expensive...as far as price goes, i'm guessing the 07 will remain the same price as 06, not sure though since nothing has really been released...best thing to do is to study the price of the cars, check invoices and find a reasonable offer for you and the dealer...good luck

 

I've checked out the prices through Nissan, I am just curious how much a dealer gives of a discount when you pay all cash. I had a friend buy a new Chevy all cash and they dropped it down like five grand. Car was around the 30's range, so I am curious if a Nissan dealer would likely do the same.
-Thanks for the warrantee info-

 

Nissan's new vehicle warranty is 3 years/36,000 miles. The powertrain warranty is 5 years/60,000 miles.

As someone mentioned, research pricing and make a fair offer. The Chevy could have had more markup in it or some incentive to discount it to that price. That discount likely wasn't done because it was a cash deal, because a dealer makes less money when a customer pays cash for a vehicle (they may have said it was though). Granted, it's a sure sale, but so is a committed buyer that has a solid credit history, finances are in order, and employment history/salary to be able to sustain the payments. In that situation, that's a better buyer for a dealer as they make money on the back end if it's financed through them.

Good luck when you get closer to purchasing your vehicle.

 

What happens if the company is sold at a loss?

 

As was said, you won't get a discount for paying cash. You might get a discount if you're a good negotiator, and especially if you're the sale that pushes the dealer over quota for the day/week/month.

Look at www.edmunds.com for the TMV, and shoot for a price lower than that (because the TMV is an average, and of course you want to do better than average!)

Also, just in case, you might want to check out loan rates at your credit union and/or bank. I have paid cash for my last three cars, but for this one, my C.U. was giving rates of 4.49%. My investments were making more than that, plus I would have had to pay capital gains taxes if I had cashed in a mutual fund. So turned out to be better for me to take out a loan for half the cost. If you have the discipline to invest your money, you might do better that way than using the cash for a car.

YMMV, of course, but something to think about.

 

I beg to differ in terms of paying whole in cash. Dealerships LOVE to get paid cash for their car because it saves them time and effort (transaction costs, etc) which translates into money. Cash is a lot more liquid than a lease/financing and can be used immediately to cover any expenses.

As for how much off you can get w/ paying cash is hard to determine because it really depends on how much the dealership's operating costs etc are. But to be safe, I would go 1.5k under invoice just to get an idea of how far that suitcase of greenbacks can go.

I don't know why you would want to pay in cash because economically speaking it's not a wise decision because if you can drop 30k in cash, why not put 10k down while financing the rest and using that extra 20k for some solid short-term mutual funds, bonds, or investments to earn some interest? That would stretch your dollar a lot further w/o sacraficing any money making opportunities that might come up

 

No you don't.

 

Beg to differ all you want. With over 4 years experience in the dealership industry, I can say with complete confidence, a dealership would rather see a financed deal then a cash deal. An individual with great credit is auto approved by many lenders if things are in line. It's a mere formality and makes the dealership more money. I am not saying dealerships don't like cash deals. That's not the case at all, however; given the choice between a cash deal and an approved loan on the same vehicle sold at the same price, a dealership would rather see the car get financed.

 

Of course a dealer wants to see buyers wanting to finance; they make money on every deal they finance.

 

That may be true, but only to an extent. Dealerships and their affliated financer obviously get a cut on the apr approaved to the buyer, and the longer the financing the more cash they'll net. But if during those financing years the national interest rate starts to rise, the dealership and financing associates could cut into their profits. Then again, i'm sure the apr they charge has some elbow room for them to work with if the nat'l interests do see a substantial increase.

But nontheless imo financing is a better choice than paying all in cash in most cases cuz i'm sure you have some sort of plan for your cash?