Hey guys

The wife and I are considering buying a house (great deal) and one of the problems when I was looking at our monthly expenses is the G35....

I love the car, but I have been really thinking it might be time to pass it on and go back to my Honda for a bit since we are first time home buyers and I want to make sure we don't have to give up our lifestyle (except the car of course)

Here is what I am wondering, what do you guys, the experts think I can get for my car??

It is a 2008 G35 with the Premium Package, and the wheels and tire package (if I didn't get this package it would have been a deal breaker for me since those wheels for me made the car look amazing)
Car has 64000 miles (mainly highway since I live far from work) adult driven, never abused .... I have hand washed and waxed the car, and it still shines like new. VERY well take care of, dealer serviced with Mobil ONE only at every 3750 miles.

NO MAJOR BODY work, never a major repair on any body panels. I have had the following repairs done:

1. Car was broken into, they broke the window, it was repaired at the dealer body shop, window and interior panels replaced... so none of my panels have any markings on them.
2. Someone hit the front bumper with the hitch, only damage to the bumper very professionally repaired.
3. Someone hit the rear bumper at 5 mph, that was repaired as well.

The body work on this are basically superficial so there is no frame damage, no frame rebuild, etc.

What do you think realistically I could get for this thing?

Thanks in advance. I am really looking forward to the house, not selling the car, but I can always wait a year and when things settle get the new body style ...

 

I'm thinking around $12,000. When can I come pick it up?

 

I think you could get somewhere between $21,000 and $22,000. Although you have taken great care of it, the mileage is your killer, even if they are highway miles.
Where are you located?

Selling a car to help purchase your first home is something you will never regret.

 

LOL

I think this is a noble thing to do... Making your life more simple to buy a house is a great idea. Infact your a better person than I...

I agree with rpm&my_G35.. Depending on if you trade it in or sell it on your own it will be somewhere between $18-25k with the dealer buy back being on the lower end.

The real question is what do you owe on the car? That can also change your mind with trading it in...

I mean if you plan on selling the car to pick up a 2011 accord, you may not really change your expenses. But if you plan on picking up a 2002 accord then we are talking different apples.

Either way good luck with your house...

 

I agree with the above estimates. Mileage is a bit high, but that can sometimes be overlooked if the condition of the car is good (which it sounds like it is). I would shop it around at a few dealerships and take a look at online ads to see what they are going for to get a good idea on what you should expect.

Good luck with the house purchase!

 

One key factor here that i see that is missing is whether or not you still owe money on the G35...if you do then that changes anything...if you dont then you can sell it for cold hard cash and be worry free. But seriously you can jump in an Accord, Camry, Maxima/Altima, all very reliable cars that wont break the bank, that can hold you down until you can afford the luxury vehicles once again.

Dont feel ashamed or worried because you can also buy another, better, G35 (or possibly 37) in the future once you have your stability back. Think of it like this your getting rid of a 4 door to trade it in for a 10+ door (house obviously) that can hold 40-50 people...its corny I know lol but GL anyways and enjoy the new house!

 

I live in Dallas tx. I was going to get a 2003 or 2004 accord for about 8000 and I have been pretty good about paying down my car so I am down to mid 8000's

This will also cut my gas bill down quite a bit since the accord can get a lot better mileage (my other car is a 2003 accord)

I would like to sell it to a person since we all know how dealers can be when trying to sell something to them.

 

I just did the math, I drive about 1600 miles a month, and get about 20.5 to the gallon (which we all know is great for this car...)

I use about 78.04 gallons of gas a month at premium of 4.019 = 313 dollars
Honda gets about 28 to the gallon which is 57.14 gallons at 3.719 = 212.51

That will save me another 101 dollars a month (cover the extra electricity bill on a three story)

 

Sounds like the right move to me. Plus depending on how you finance the car, you may be able to lower your monthly payments as well.

 

If money isn't an issue, don't sell it. If it is, get rid of it. In the long run, will the monthly change in $$ make or break your lifestyle?

 

Wish you would keep your G! I guessing your still making payments on you G? Have you figured out the payments on the house? Add an extra $100 for the utilities. If you have enough, at least you will have an awesome car to go w/ your house. Open up another savings account and pretend to be making payments on that house. idk, just an idea.

 

another option: try refinancing the car to lower your payments so you can keep it.

 

^^ Guys, that hundred bucks is just the fuel savings. There's going to be $100's per month saved not having a car payment or even just in the difference in car payments.
My own example...my wife just got rid of her '07 Odyssey for an '11 Civic. (the kids are older now and don't go anywhere with us any more ).
She drives 100km/day for work. The difference in her car payment, fuel and insurance, is netting us >$500/month. It all adds up.
Nice cars are nice to have but they are just money sucking, depreciating expenses. Even with our economic 'crisis' our house has increased in value by ~$175,000 since I bought it 6 years ago.

Da_KiiD_cT - no payments are better than low payments

 

That is true. you know! If you have a good friend that is in the military. you can have him get the loan for you. But everything would be under contract so no one gets screwed. Military loans are the best for buying new homes. Depending on what he gets no down payment on the house. Just the closing cost. I am not sure about the interest rate but that would be still good as well.

 

I ran into this same situation about 4 years ago. I had a 2005 G35 and was purchasing a house. I determined that the G35 was not in the game plan going forward, so I sold it.

I ended up leasing a cheap car, and pocketing the difference. 3 years later, I have a better car (08 G35) and I haven't looked back. Saving every penny you can while first purchasing your house is your fiscal responsibility. Trust me, its hard, but those sacrifices mean that you are ready for a home purchase.