The resale value of this car is SHI !, my car is a year old soon to be a year and a month, my car is MINT and practically BRAND NEW!! I went to the dealer to hopefully trade my lease in to pick up a 6spd coupe or maybe sedan, they appraised my car after saying how beautifull and nice it is for $22k after a year and my car was $39k brand new when i got it, WTF?!?!?! 17k dollar loss, then i would need to sell my car for a new lease to be 7300 down payment 400$ a month on a new coupe, or the same if they buy my car out and i have tto pay the diff. of my buyout of 29k which is 7k$ get the hell out of here. I am so pissed right now, i pay 430 a month on a car i LOVE but not i want, i want a manual so badly, i cant imagine what a regular G35sedan with no aeropackage would have been and especailly in worse condition then mine, my car looks almost brand new. Man ims orry guys, im just so mad!


Martin
2003.5 BS G35
Nismo Aero/Sport Package
0-60 5.4 - 1/4 Mile 14.16 *GTech* and on 19's!!
<P ID="edit"><FONT class="small"><EM>Edited by dyenboy on 09/30/04 02:15 PM.</EM></FONT></P>

 

I lucked out when I traded my leased Maxima for my G35. The dealer who "owned" my lease was not willing to deal and like you I was insulted by the deal they offered. I ended up tranferring my lease to another dealer who did everything possible to make me happy. The lease termination penalty was about $2400 -- to compensate they gave me the "fleet cost" on the G35 which was about $2000 below MRSP. So my net cost was about $400.

Best thing to do is find out what the buy-out is and compare to market value. The buyout will probably still be high but it may still be worth buying it and then selling..... or find a dealer who is willing to DEAL to get your business.

Instead of leasing, we can get a "Buy-back" loan, which is better because you own the car and the bank either takes it from you at the end of the term or you can refinance then to buy it right out.




2003.5 Sedan 6MT, Brilliant Silver

 

shop around i'm sure you can get a deal on a 04.

 

I feel for you. That's why I did not add too many options to my G, other than sunroof and leather. I paid $28.8k, and I am sure it's worth a lot less than yours. Infiniti is a nice brand of cars, but they just don't hold their value compared to the German makes or Lexus. I had a 90 Q45 and the value was sh*t compared to the Lexus of that year.

03.5 G35S 5AT - Desert Platinum/Graphite/Clear corners/HG kit/20% Tint

 

I feel for you too. I bought my G35 at a time when it was going to be our only car and it had to have 4 doors and an auto so the wife could drive it. Last May we bought a minivan and I don't need 4 doors and automatics suck... my wife said it's okay trade it in for a S2000 but I just don't know if I can bear the *** reaming I am going to get subjected to trading this car in.

But one thing I went onto kelly blue book and checked the trade in "good" condition with 20K miles on my 03 and it came out to around 21K. How many miles do you have on your car?

2003.5 5AT Sedan Black/Black Premium/Winter Packages

 

iLLG35,

Calm down. here's the deal, the dealer offered you their trade-in value which has absolutley no bearing on what the car's retail is. Also bear in mind, that with a lease you'll almost always be upside down until your final payment. Your car is probably worth in the low to mid 30's too a private buyer, so if you would like too change up, simply sell the car yourself, get the buy out figure from your finance company and viola' you my friend are set. You might loose a couple of grand, maybe not..but it's not the 17K you think it is.

 

Part of it might be that you paid 39k in the first place. I got my car loaded (e v e r y t h i n g) for under 34... 5k difference would surely soften the blow. What's the bluebook value? You might want to try P2P sales.

G

2003.5 Black w/ Willow G35s
Premium / Sport / Aero / Winter / Navi / XM / Tint
Z-tube, Pop-charger, Borla True-Dual Exhaust, Eibach Pro Kit, GroundingGear

<font color=red>B.A.S.T.A.R.D Squad</font color=red>

 

First of all, how much of the $39K you paid for your car was purchase price and how much were sunk costs (i.e. tax, title, doc prep, etc)?

Second, it sounds like you paid pretty much full MSRP. For example, I bought my 2004 6MT sedan w/ premium package for $31,600 + tax & title. Since you paid what appears to be full price, you can't expect to recoup that "extra" money compared to what I paid for my car.

Third, cars with all of the options have lower resale value (as a percentage of total cost) compared to those with simple options. The Aero package cost about $2000 new, right? Well there's no way the dealership is going to add more than a couple hundred bucks to their offer for that package.

Fourth, dealerships can afford to lowball you. They would rather sell a new car because they get dealer incentives, dealer holdback, loaner cars, etc. all based on the number of NEW cars they sell.

My recommendations: (1) find out the original DEALER COST for your car and use it as the point of reference when considering depreciation percentages and (2) go to CARMAX and ask for a quote. Lastly, remember that what your car is worth to someone in the market for a used car is NOT THE SAME as what a used car reseller will be willing to pay you.

Think of it like this. When you buy a house it is *IMMEDIATELY* worth effectively 6% less than when you bought it because you'll have to pay real estate commission when you sell it.

--Steve

 

Zimbo, the real estate comparison is not accurate. Properties appreciate, cars depreciate. The commission is irrelevant because for the most part the commission structure, whatever it might be, is built into the house when you sell it. Also, in pre-construction purchase the earlier buyers will see instant equity as more and more homes are sold and builder prices/costs rise.
Homes, do not depreciate by any amount when you buy them for fair market price.

 

Your point about appreciation versus depreciation is obviously true, however I think the comparison is valid. The commission structure of your car is built into the price and you cannot sell a house on the same day you buy it without taking a loss.

--Steve

 

Zimbo,
of course you can sell a house the same day you buy it without taking a loss. Just the same day a dealership can buy a trade in at "trade-in" value and sell it at a profit the same day with their resale value.
The important part of the equation is what you paid for it. That's why I said "fair market value" not over infalated price.


Andrew.

 

Go to www.edmunds.com and use the appraisel wizard to get an idea what you can expect for a realistic trade in value. Without any options, it looks like the 2003 sedan is ~$22k trade-in. As a comparison, a 2003 coupe is ~$25k trade-in. As someone else said, you should only consider the cost of the vehicle and not include tax, title, etc... to determine depreciation.

 

Zimbo, Bloke is right. The house comparo is not a good one. You can definitely buy and sell a house on the same day and make a profit. Unlike cars, there are no hard values set on homes. If someone really wants a home, they will definitely pay as much as they can afford to get it. You don't do that with cars, since they depreciate as soon as you take ownership.

03.5 G35S 5AT - Desert Platinum/Graphite/Clear corners/HG kit/20% Tint

 

just took my $26k, 4year old old minivan in.... it's worth 5500 to the deal, 10k private

Sell it private party


'03.5 Sedan 5a: BS/G, Prem, Aero/Body, Sport, Nav
Click for MODS - www.teamtransport.org

 

Hey, IllG. I think the biggest problem is that they don't count the value of all the mods you did to the car. They look at your rims as "aluminum wheels" when evaluating it and don't care at all about the engine or anything else. It sucks though it's even worse with other cars. They still sell them much higher - a huge racket. You're may be better off selling private party if you can, but maybe not. If you sell to a private party, you'll end up paying an additional $1,500 or so in taxes because when you trade in you only pay tax on the difference between the two cars.

I had bought my '03 G for $28K used and traded it in on the 6MT 6 months later. I only got $21,500 for it! $6,500 out the window, but at least I got a great deal on the other car. The only way you really stay ahead is to keep the car for a long time and expect it to be a somewhat decent down-payment on the next one. Good news is that the depreciation slows down a bit after 2 or 3 years. You get killed on the first 2 years, which is why I refuse to buy a brand new car and I will NEVER lease because they always fvck you in the end.

Maybe you just want to keep the automatic for awhile. It's still an extremely nice car and you'd kill me in a race. Hey, but if you do sell, take all the mods off that you can and put them on the next one!

04 Sedan 6MT | Diamond Graphite/Graphite | Premium