Question: Should My friend purchase the Nismo Z w/ no payments till Jan, then sell?
09-19-2007, 08:01 PM
#22
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I told him the same thing but it some work aquaintance that we became friends. He trades like every year he told me. He doesn't seem to get it because dealers are asking money over. But I've done all I can to tell him, I'll let you know if he does it 
09-19-2007, 09:37 PM
#23
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had a friend of mine came in to trade her SUV...apparently, she and her husband did an 18 month payment deferment on a Mitsubishi Montero and after 4 years, she brought it in and tried to trade it in and was $18k tanked...her trade in appraised at $7,000 and she owed $25,000...
09-20-2007, 03:51 AM
#24
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Originally Posted by RANDY350Z
My friend wants to get the Nismo Z and can get payments waived till Jan and then wants to turn around and sell it for MSRP. I told him unless he got it for less than that he may take a hit. Any thoughts?
Dealerships can't even sell NEW Zs for MSRP. Why would he think he could sell a used one for MSRP.
My guess is his little scheme will cost him $3-5000.
TANSTAAFL!*
bill
*There ain't no such thing as a free lunch.
09-25-2007, 07:30 AM
#26
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Originally Posted by PETERPIT
He could go rent a Z from Hertz or somewhere for less than his proposed "SUPER GENIUS" plan. I hope he is not serious.
I am Gold at Hertz and all i get are Kia's
Guess I am missing out big time!!
09-25-2007, 01:41 PM
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hahahaah. Who's going to buy a used car in MARYLAND out of all places in January for sticker? The Nismo Z is sitting in lots right with little to no miles. If someone wanted a nismo Z in January, they could find a new one for the same price, if not better.
09-25-2007, 03:27 PM
#29
Originally Posted by MeetJoeAsian
had a friend of mine came in to trade her SUV...apparently, she and her husband did an 18 month payment deferment on a Mitsubishi Montero and after 4 years, she brought it in and tried to trade it in and was $18k tanked...her trade in appraised at $7,000 and she owed $25,000...
09-25-2007, 03:32 PM
#30
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Originally Posted by MeetJoeAsian
had a friend of mine came in to trade her SUV...apparently, she and her husband did an 18 month payment deferment on a Mitsubishi Montero and after 4 years, she brought it in and tried to trade it in and was $18k tanked...her trade in appraised at $7,000 and she owed $25,000...
09-25-2007, 09:23 PM
#31
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Originally Posted by 350Zenophile
Pretty clear he doesn't understand the concept of depreciation, but my God, he has to know what sales tax is right?
This is why they need to teach money management in school.
This is why they need to teach money management in school.
in highschool now in days money, clasess
consist of.
1. getting to your seat.
2. taking advantage of the schools new computers
3. kids going to myspace.com and other websites the whole period
trust me
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