Used g35c market
#16
Just to give you an idea here in the Midwest, downtown Chicago to be exact I bought my 2003 auto with 18's, bose, and spoiler with 18 thousand miles for 28,900. Not a scratch on it and it looks brand new. I bought it at Fletcher Jones. I shopped around for about 6 months since I was in no hurry and waitng for winter to end since I was trading in my Dodge QC Hemi.
#17
Originally Posted by Grok42
This is a common problem not limited to the G, but it seem particularly bad with them. Just look at eBay. My informal monitoring shows 1 in 50 G35 listings sell. BMW, Acura, etc average more like 1 in 3. I know eBay is a horrible to draw statistics from, but I can't think of a better resource.
#18
Originally Posted by Grok42
Just look at eBay. My informal monitoring shows 1 in 50 G35 listings sell. BMW, Acura, etc average more like 1 in 3. I know eBay is a horrible to draw statistics from, but I can't think of a better resource.
#19
#21
It all depends on the area of the country you are in, but...
You should start to see prices dropping a bit this summer.
I am starting to see more rolling thru the dealer auctions.
Due to several factors:
The novelty of the NEW G35 Coupe has worn off...
Cars will be comming off lease as they reach 2-3 yrs old....
Some cars will be nearing warranty mileage limits and get traded in....
You should be able to find a clean 03 for under $26K
You should start to see prices dropping a bit this summer.
I am starting to see more rolling thru the dealer auctions.
Due to several factors:
The novelty of the NEW G35 Coupe has worn off...
Cars will be comming off lease as they reach 2-3 yrs old....
Some cars will be nearing warranty mileage limits and get traded in....
You should be able to find a clean 03 for under $26K
#22
Interesting,
There were two 2003 G35 Coupes up here in MI, both for around 29K. The dealer postings were a bit vague, but one was a TB Coupe AT with Prem / Performance Tire & Wheel Package (I think, dealer did not state tranny), with about 20k miles on it.
The other was a 2003 DG coupe AT with prem (& navi, I think), at around the same mileage.
Again, both were arund $28-29k each. Since there is only one Infiniti dealership in the area, and this is BIG3 country, Infinitis are rare. The coupes especially so. A lot of people change cars every 2-3 years, because like half of Detroit gets a discount on one maker or another (if not multiple).
There in cars.com, if you're interested.
Also, that whole 60% of car value after 2-3 years is not entirely true. If varies wildly based on the maker and car. A general rule is that the more fleet sales and incentives a car has, the faster its residual value will drop.
This is one of the many reasons the big3 are in rough shape. They have ruined their brand image with all of their rental car sales, along with all of their heavy incentives.
As well, this is one of the reason that Hondas are worth so much. They almost NEVER do fleet sales. I used to work with Honda, and a "big" fleet sale to them was 200 Odysseys for a taxi cab company. Even then, they maybe only do something like this once a year. Also, incentives on Hondas are almost unheard of. Combine that with a greatly built vehicle and a good public perception of quality, and you get a high residual value.
There were two 2003 G35 Coupes up here in MI, both for around 29K. The dealer postings were a bit vague, but one was a TB Coupe AT with Prem / Performance Tire & Wheel Package (I think, dealer did not state tranny), with about 20k miles on it.
The other was a 2003 DG coupe AT with prem (& navi, I think), at around the same mileage.
Again, both were arund $28-29k each. Since there is only one Infiniti dealership in the area, and this is BIG3 country, Infinitis are rare. The coupes especially so. A lot of people change cars every 2-3 years, because like half of Detroit gets a discount on one maker or another (if not multiple).
There in cars.com, if you're interested.
Also, that whole 60% of car value after 2-3 years is not entirely true. If varies wildly based on the maker and car. A general rule is that the more fleet sales and incentives a car has, the faster its residual value will drop.
This is one of the many reasons the big3 are in rough shape. They have ruined their brand image with all of their rental car sales, along with all of their heavy incentives.
As well, this is one of the reason that Hondas are worth so much. They almost NEVER do fleet sales. I used to work with Honda, and a "big" fleet sale to them was 200 Odysseys for a taxi cab company. Even then, they maybe only do something like this once a year. Also, incentives on Hondas are almost unheard of. Combine that with a greatly built vehicle and a good public perception of quality, and you get a high residual value.
#24
Don't blame you
I hope whatever part of the country your in the prices stay high.
But here in Mississippi I hope they drop like a rock. I don't switch cars very often so resale is of no concern for me, only quality. Good resale is an excelent indicator of quality but most people get nervous when the odometer hits 80K or so no matter how good the car is.
I've been driving for 15 years and I've only owned two cars. Sorta never owned anything other than a Nissan if you count Datsun as Nissan.
But here in Mississippi I hope they drop like a rock. I don't switch cars very often so resale is of no concern for me, only quality. Good resale is an excelent indicator of quality but most people get nervous when the odometer hits 80K or so no matter how good the car is.
I've been driving for 15 years and I've only owned two cars. Sorta never owned anything other than a Nissan if you count Datsun as Nissan.
#25
Originally Posted by Grok42
Cars typically loose 60% of their value in 3-4 years. That should put a 2003 G Sedan even with good resale at ~$16K (28K - 40%). In reality, its hard to find a 2003 with normal miles for less than 23K. Basically the used G market is very constrained and people are buying new instead because the gap isn't large enough.
Resale Value
G35 4 dr 3 years-59% 5 years-42%
G35 AWD 4 dr 3 years-58% 5 years-41%
G35 2 dr 3 years-60% 5 years-43%
They drew their numbers from Automotive Lease Guide, a Santa Barbara Pub., supposedly a respected one. www.alg.com
The coupe's numbers are better with a 330 Ci's numbers 55/39.
#26
Originally Posted by CT_Texas
Just some figures from a Kiplinger Magazine where they had a car buying guide. According to their research:
Resale Value
G35 4 dr 3 years-59% 5 years-42%
G35 AWD 4 dr 3 years-58% 5 years-41%
G35 2 dr 3 years-60% 5 years-43%
Resale Value
G35 4 dr 3 years-59% 5 years-42%
G35 AWD 4 dr 3 years-58% 5 years-41%
G35 2 dr 3 years-60% 5 years-43%
Of course, as someone pointed out, all those 3 year lease cars will get dumped on the market sometime in 2006 which I would imagine should bring the actual asking prices more in line with the numbers above. I bet there weren't that many two year leases so the impact didn't make much of a dent.
I wonder if this cycle happens with all new car model releases? The lack of a realistic used market until the three year mark when enough used volume is avaliable.
#27
#28
I looked at used ones before I got mine. Wanted the 04 version with Brembo, but the used prices were ridiculously high. Ended up with a brand new 05 Model for the same price as the used one. 34k.
Yeah, I would wait till the new 06 G comes out in June, and see if the prices drop for 04/05 models.
Yeah, I would wait till the new 06 G comes out in June, and see if the prices drop for 04/05 models.
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