Anyone In GA Want A Nismo 370?

SgtGoldy

Check it out, good price IMO

Its a Magnetic Black Nismo 370 with only 1,809miles.
Just thought I would put that out there for the people who are users of the370z and still haven't bought a Z

2009 Nissan 370Z NISMO, $35,900 - Cars.com

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CrownR426

That's not a good price imo

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JoeD

Of course not...because that is the price where it is listed. One would be foolish to list a car at a price where there is no room for negotiation.

Figure it could be talked down to roughly $32K if you are a buyer.

Smallywood

NAVI

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Matt

2-3k less than what you'll pay at the dealership, with less than 2k miles....while it's not a stellar deal, it's certainly not bad, especially considering the possibility of some negotiating like the OP said.

edeeZee

You really think ~ $32K is realistically what you can buy this car for?

Matt

You should come to expect unrealistic from JoeD by now.

JoeD

I overlooked the fact that is was listed at $35.9K, so merely shaving off $3K puts it at a 32-handle, but of course in the very high 32s.

Regardless of error in semantics...negotiating at least $2,500 off a car listed in the mid-30s is completely within reason. Standing corrected, $33,500 would be the most realistic price for this car, still making the car a good deal for the buyer.

edeeZee

Arbitrary on you.

If a Nismo is say $40K MSRP, invoice is $37K, a dealer might get away with buying it off your hands for $32K.

Private party or on the street, there's no way you can buy this for even $33.5K with 1,900 miles. I used to be a car salesman, and what I often did was "curb trades." What this is when the customer had a "hot" car to trade, or a car I knew was easy to "flip" on the streets, I'd buy it off their hands instead of letting them trade it in to the dealer; e.g. Honda Civic hatchback EG (1992-95) I'd buy for like $1,000-1500 whereas the dealer would buy for $500, then I'd turn around and sell i for $3,000. A $1,500-2,000 arbitrage. The point, I bought and sold lots of cars on the street as well as retail at a new car dealerships, and you're, politely put--a wishful thinker--who has no grasp nor experience.

If we work on invoice price for a Nismo, starting point $37K, and this Nismo has 2000 miles; 2000 miles of 15,000 is like 13.3% of total depreciation. Thus, I'd REALISTICALLY imagine from historical Blue-Book and Nada depreciation, that this Nismo will lose 20% of value after 1 year or 15,000 miles of use. 13.3% of 20% = 2.6%. 1- 0.026 =97.34%, thus this Nismo is worth about $37K x 0.9734 =$36,000 (based on invoice price).

mattkim85

hmm from what i have heard, once you sign all the paperwork
the car depreciates in value 20%. That is the main reason experts recommend putting down at least 20% for the car just so that if you run into financial instability, you would not be hurt by it as much.

20% of $40k is $8000

so IMHO $32,000 - $33,000 sounds about right.

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edeeZee

Ask Fusz if my reasoning is correct.

And nooooo, you heard wrong. Cars don't deppreciate 20% "once you sign all the paperwork." "That is the main reason experts recommend putting down at least 20% for the car just so that if you run into financial instability, you would not be hurt by it as much."-if you're gold-balls credit, make lots of money, have a high 'revolving availability'--you can roll outta the Porsche dealer with just drive-off's i.e. ~10.5% in state of CA.

JoeD

Sure.

shabarivas

So you are saying edeezee that if i got a brand new nismo off the dealer lot... put one mile on it... it would fetch pretty much what I paid to the dealer?

Modshack

So you were basically stealing from your employer??...Nice..

Edeezee will give you $25K for it...Not to worry!....

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370Zsteve

Quote:

Originally Posted by edeeZee I used to be a car salesman, and what I often did was "curb trades." What this is when the customer had a "hot" car to trade, or a car I knew was easy to "flip" on the streets, I'd buy it off their hands instead of letting them trade it in to the dealer; e.g. Honda Civic hatchback EG (1992-95) I'd buy for like $1,000-1500 whereas the dealer would buy for $500, then I'd turn around and sell i for $3,000. .

So you were basically stealing from your employer??...Nice..

Quote:

Originally Posted by shabarivas So you are saying edeezee that if i got a brand new nismo off the dealer lot... put one mile on it... it would fetch pretty much what I paid to the dealer?

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