OK, so I took my 08 Touring to the dealership to contemplate getting the 370... I know like I said I was just contemplating it...

It's in really good shape, I've had it for 14 months and there are 15k miles on it..

They offered me 22k for it... WTF? I double checked edmunds and KBB and they both valued the car at 21.5...

Seriously? I paid 31.5 for it a little over a year ago..

Suggestions? Autotrader? I figured it would be worth at least 25 and realistically 27k...

 

life sucks, i think your lucky they are giving you more than kbb in this economy, but im sure your going to pay well over msrp for the 370z

 

I think it’s a conspiracy. Hope Obama straightens this out!

 

+1

 

the funny thing is 22k is actually good

 

http://en.wikipedia.org/wiki/Depreciation
http://dictionary.reference.com/search?q=depreciation

 

You should be smiling that they offered you 22k for it...I am very surprised. You can buy a brand new one for 23k now through AMEX or USAA

 

Ouch. I'm keeping my Z until it falls apart and dies.

 

LOL - I read that and was like wow - they offered you something in the 20s!

you should be relieved. you won't be able to sell it for too much more privately.

keep it if you don't want to feel like you're kicked in the nuts. the depreciation is crazy atm.

 

got offered 12k for my 2005 by the stealership

 

lol 22k is pretty good, I used to sell cars and the LESS I pay for your trade, the MORE I make. So I would always low ball and offer usually a few thousand under wholesale, the more educated buyers would work it back up to a fair price for their trades, and the not so educated ones would take the bait. Thats life man. Your best bet is to go to a dealership that isn't paid on commission, and see what they can offer you. Or check out the internet/fleet department because most are payed on volume.

 

I got offered 13K for mine a couple weeks ago.

 

thats why you don't buy new

 

Thats why i dont buy new cars let someone else take that hit

 

I have very strong understanding of depreciation.. the point was to lose 33% in 14 months is higher than expected... but thanks for the education.

 

That's par for the course. The biggest depreciation is when you drive it off the lot. At least it'll depreciate less from here on!

 

I'm sure you didn't depreciate 33%...they just low balled you. Was that their initial offer or their final offer?

 

Yeah so in 32 more months when it's paid for (originally financed for 48, refied it to get a lower rate kept payment the same thus reduced the term) it will be worth 10... oh the joy...

I agree thats the price you pay for buying new, but there is just something about buying a used sports car... but whatever.. I'm going to but my vag back inside now.

 

Looks like it's time for a reality check. Welcome to Economics 101.

When you drove the car off the lot 14 months ago, it went from 31.5K to being worth about 24K almost instantly. A new model year release, 15K miles, poor auto sales and a recession have all conspired to eat another 3 or 4K away.

I saw a new Enthusiast this morning for $26K. The best thing you can do is hold on to the car for a few years. If you absolutely have to have a 370Z, then be prepared to take it up the a$$. You have to pay to play (with the latest toys).

 

And not to mention you will still be on the same margin if the economy was good

Good economy trade 25 new car 35 margin 10k
Bad economy trade 22 new car 32 margin 10k

It all how you look at it, If you want a 370 be patiant and try to sell yours private party