price for a test drive model
#1
06-16-2004, 03:03 PM
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price for a test drive model
How much should I offer for a 04 G35 coupe 6 speed that was a demo/test drive model with 1000 miles on it? It has the premium package, rear spoiler, splash guards, and side moldings
<P ID="edit"><FONT class="small"><EM>Edited by lazybum550 on 06/16/04 12:04 PM.</EM></FONT></P>
<P ID="edit"><FONT class="small"><EM>Edited by lazybum550 on 06/16/04 12:04 PM.</EM></FONT></P>
#2
06-16-2004, 03:23 PM
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Re: price for a test drive model
If you want to be objective, at least $2000 under what you would pay for the same car new. That accounts for the risk of abuse (very high on a demo G!!!), and for the depreciation already incurred. $3000 would be better, but it's surprisingly easy for salesmen to switch a customer into a demo just by offering a $1k to $2k discount.
Happy Hunting!
03 G35C DG/G - Houston
Happy Hunting!
03 G35C DG/G - Houston
#3
06-16-2004, 03:36 PM
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Re: price for a test drive model
Here's a variety of thoughts, hopefully one or two will help you make the right decision for YOU, provided you've outlined a mission for yourself up front. If you haven't, start with defining your mission (buy cheap?, buy now?, buy with the exact options you want?, etc, etc....what are your priorities?.) Prioritize what your mission is and the more likely your decision will become glaringingly obvious:
It hasn't been titled, so technically it's still a new car.
Remember, there is an *** for every seat and the car will sell to someone for market value.
Market value is what someone will pay for it. Ask yourself what it's worth to you but I'd venture to guess that it should sell for somewhere between new and used.
I'd probably pay $1000 under invoice for it, assuming you can get a "non demo" for $500 OVER invoice. This is $1500 cheaper. A used one with 1000 miles on it would probably go for $2000-$3000 under a comparable new one, so I might set my limit at $1000 under invoice.
Remember, if there are no 2004s left, you have to compare it to the cost of:
1) A new 2005 or
2) A used comparable 2004.
I wouldn't worry about the abuse, and in fact, I'd relish it. A car is abused when it's not maintained properly, not when it's revved. If it is ding and smell free, I'd say go for it. If you feel it's abused, you shouldn't be buying it at any price, right? Otherwise you may as well just look at used ones. There are plenty out there.
Depreciation applies to a titled vehicle, not a new one. The definition of a new car is "one that hasn't been titled". Don't get too greedy or someone that pinches pennies more than you will come along and buy it. Then, in theory, you will be back to deciding between a new 2005 at possibly close to sticker, or a 2004 that you either didn't want or will be a couple grand more. If you're not pinching pennies, then be patient and you can have a brand new 2005 in 3-4 months.
Just buy it for what it's worth to you. Whether you're the first owner or the 14th owner, after you title it it will be depreciated the same. 1000 miles does not make a difference 2 years from now, or even 6 months from now in what you'll be able to sell it for.
2004.5 Coupe/5AT/Ivory/Everything but front spoiler/Nismo CAI/Crawford V5
It hasn't been titled, so technically it's still a new car.
Remember, there is an *** for every seat and the car will sell to someone for market value.
Market value is what someone will pay for it. Ask yourself what it's worth to you but I'd venture to guess that it should sell for somewhere between new and used.
I'd probably pay $1000 under invoice for it, assuming you can get a "non demo" for $500 OVER invoice. This is $1500 cheaper. A used one with 1000 miles on it would probably go for $2000-$3000 under a comparable new one, so I might set my limit at $1000 under invoice.
Remember, if there are no 2004s left, you have to compare it to the cost of:
1) A new 2005 or
2) A used comparable 2004.
I wouldn't worry about the abuse, and in fact, I'd relish it. A car is abused when it's not maintained properly, not when it's revved. If it is ding and smell free, I'd say go for it. If you feel it's abused, you shouldn't be buying it at any price, right? Otherwise you may as well just look at used ones. There are plenty out there.
Depreciation applies to a titled vehicle, not a new one. The definition of a new car is "one that hasn't been titled". Don't get too greedy or someone that pinches pennies more than you will come along and buy it. Then, in theory, you will be back to deciding between a new 2005 at possibly close to sticker, or a 2004 that you either didn't want or will be a couple grand more. If you're not pinching pennies, then be patient and you can have a brand new 2005 in 3-4 months.
Just buy it for what it's worth to you. Whether you're the first owner or the 14th owner, after you title it it will be depreciated the same. 1000 miles does not make a difference 2 years from now, or even 6 months from now in what you'll be able to sell it for.
2004.5 Coupe/5AT/Ivory/Everything but front spoiler/Nismo CAI/Crawford V5
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