Prices on Z's
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Does anyone think that the prices, with the economy and auto sales slumping, will go down even further for the Z. Or can make a good deal for it.
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Originally posted by fanatic6711
Does anyone think that the prices, with the economy and auto sales slumping, will go down even further for the Z. Or can make a good deal for it.
Does anyone think that the prices, with the economy and auto sales slumping, will go down even further for the Z. Or can make a good deal for it.
I really doubt it. If I understand correctly, they are not making much of a profit on these cars due to the economy, let alone giving them for a lost.
I think they are at a decent price. Wait until you see the price for the TT model.
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You should be able to find them at MSRP still. Just do some checking on the Nissan website to see what MSRP for what you want, that way the dealer can't screw you.
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what kind of deals you think you'd be able to make in mid-03? my car won't be here until around then(at the latest). are you saying you might get one below msrp? or what about a good deal on a used one when the 04's come out. wonder how much the real 'value' will have dropped off by next october.
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Car and home sales are not down that much. Really, the only thing in bad shape is the market. Unemployment is in the 5's, which, back when I was a finance major in college just a few years ago was considered "full" employment (that thought has now changed, just interesting from a historical perspective).
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Originally posted by MannishBoy
Car and home sales are not down that much. Really, the only thing in bad shape is the market. Unemployment is in the 5's, which, back when I was a finance major in college just a few years ago was considered "full" employment (that thought has now changed, just interesting from a historical perspective).
Car and home sales are not down that much. Really, the only thing in bad shape is the market. Unemployment is in the 5's, which, back when I was a finance major in college just a few years ago was considered "full" employment (that thought has now changed, just interesting from a historical perspective).
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Bommarito Nissan has (had) a black Touring at MSRP on Monday - that's when I picked up my Silverstone Enthusiast.
PM me and I'll give you details on the Touring.
PM me and I'll give you details on the Touring.
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Actually, car sales are way down, incentives or not. Just in the last month sales of cars are down 1.2 %. That may or may not include used cars which would hurt the sample. Home sales are up, but definately not car sales. And for the unemployment rate history, being in the 5's is bad, but too bad we've been in the 6's for sometime now.
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It used to be taught that full employment was 6% due to job changes, etc. Of course, this was 10 years ago
The recent history has proven that to be a bit high, but historically, that was pretty good. Just remember Jimmy Carter! ![Smilie](https://my350z.com/forum/images/smilies/smile.gif)
Actually, the unemployment rate in September was below 6. It was <a href="http://www.bls.gov/news.release/empsit.nr0.htm">5.6%</a> to be exact.
I'm not sure if I'm wrong on sales being up, either. I know the domestics are up for most of the year (due to the incentives and rates). I just picked <a href="http://www.thedenverchannel.com/sh/automotive/stories/automotive-164724620020904-080958.html">this</a> off my first Google hit, although it is only on August numbers.
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Actually, the unemployment rate in September was below 6. It was <a href="http://www.bls.gov/news.release/empsit.nr0.htm">5.6%</a> to be exact.
I'm not sure if I'm wrong on sales being up, either. I know the domestics are up for most of the year (due to the incentives and rates). I just picked <a href="http://www.thedenverchannel.com/sh/automotive/stories/automotive-164724620020904-080958.html">this</a> off my first Google hit, although it is only on August numbers.
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Good things don't last forever, so these damn dealers better get it while they can.
In Cinci I have been to 5 dealers in the past 4 days. Only one was quoted me at MSRP and then they wanted $2500 non-refundable deposit. The rest wanted $3000 over sticker. One came down to $1200 over sticker, wow. I can tell you for sure if Nissan bring as many into the US as they plan these prices will not last. These dealers are just riding the first "gotta" have one now wave. And I am looking to order one for delivery in late Jan 03, I really don't "gotta" have one right now.
In Cinci I have been to 5 dealers in the past 4 days. Only one was quoted me at MSRP and then they wanted $2500 non-refundable deposit. The rest wanted $3000 over sticker. One came down to $1200 over sticker, wow. I can tell you for sure if Nissan bring as many into the US as they plan these prices will not last. These dealers are just riding the first "gotta" have one now wave. And I am looking to order one for delivery in late Jan 03, I really don't "gotta" have one right now.
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Classic story related to this discussion:
I purchased a new 99 Trooper Luxury Edition for 31k after haggling with the dealer from 35k. I was all proud of my great negotiation skills and was loving life.
I decided to trade that same vehicle in two months ago for a number of reasons which I won't waste your time with. How much did I get?? 11k. That's right, lube me up. Part of the problem was the blue and black books do not break out the different models when they give you the vehicle's value, unlike every other car they list. Very strange. The economy was rocking in 99, not anymore. I also noticed an ad for a brand new 2003 Trooper the other day for something like 14k, stripped down, but still, come on Isuzu. I will never own another one of those tird buckets again.
I purchased a new 99 Trooper Luxury Edition for 31k after haggling with the dealer from 35k. I was all proud of my great negotiation skills and was loving life.
I decided to trade that same vehicle in two months ago for a number of reasons which I won't waste your time with. How much did I get?? 11k. That's right, lube me up. Part of the problem was the blue and black books do not break out the different models when they give you the vehicle's value, unlike every other car they list. Very strange. The economy was rocking in 99, not anymore. I also noticed an ad for a brand new 2003 Trooper the other day for something like 14k, stripped down, but still, come on Isuzu. I will never own another one of those tird buckets again.
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I read somewhere that the Isuzu Trooper is THE WORST with respect to depreciation and resale value.
The Z craze that's going on now won't last, and within a year or two nobody will be asking for more than MSRP.
The same sort of thing was happening when I bought my Mitsu Eclipse Spyder in 2000, one of the first ones to hit the showroom. I paid $500 over MSRP, and 2yrs later they are everywhere with sweet incentives.
One good thing I did was got the convertible, it seems like they hold their value a lot better - and Mitsu doesn't offer any incentives on the Spyder, which helps my resale value.
I think for the most part the Z will be spared from this fate - it is less practical than the Eclipse, and the starting price is a lot higher. I paid close to $29k for mine, but somebody could buy the base for ~$16k. So everybody and their grandmother (literally) has one.
As far as the Z goes, I'm still holding out for the convertible and all the hype to die down. BTW, anybody have any pricing info on the Z convertible?
Joe
The Z craze that's going on now won't last, and within a year or two nobody will be asking for more than MSRP.
The same sort of thing was happening when I bought my Mitsu Eclipse Spyder in 2000, one of the first ones to hit the showroom. I paid $500 over MSRP, and 2yrs later they are everywhere with sweet incentives.
One good thing I did was got the convertible, it seems like they hold their value a lot better - and Mitsu doesn't offer any incentives on the Spyder, which helps my resale value.
I think for the most part the Z will be spared from this fate - it is less practical than the Eclipse, and the starting price is a lot higher. I paid close to $29k for mine, but somebody could buy the base for ~$16k. So everybody and their grandmother (literally) has one.
As far as the Z goes, I'm still holding out for the convertible and all the hype to die down. BTW, anybody have any pricing info on the Z convertible?
Joe
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