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Time to sell?

Originally Posted by VHRpurr Carvana lost their backside as they lost $500 MILLION, not exactly a small chunk of money, but they have enough investors that will unfortunately keep that

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Old 05-04-2022, 09:04 AM   #1 (permalink)
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Originally Posted by VHRpurr View Post
Carvana lost their backside as they lost $500 MILLION, not exactly a small chunk of money, but they have enough investors that will unfortunately keep that crap business going, and Vroom…. Their stocks are down 99% after the Texas Attorney General all but sued them out of existence…
I'm being lazy...do you mind giving me the quick summary of exactly what happened with Carvana and Vroom? Thanks!
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Old 05-04-2022, 09:10 AM   #2 (permalink)
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I'm being lazy...do you mind giving me the quick summary of exactly what happened with Carvana and Vroom? Thanks!
This maybe?
https://www.cbtnews.com/carvana-bett...on-investment/
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Old 05-03-2022, 08:33 PM   #3 (permalink)
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I'd sell if you can get 36k. No other time in my lifetime has it been possible to sell your 5 yr old used car and make a profit. This will pass
Truly strange days! I too have been looking at that new Z!!
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Old 05-04-2022, 05:49 AM   #4 (permalink)
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I’m in the same boat as you. I could sell my Z Nismo for more than what I paid in 2016. But it’s all relative. What do I get? The new Z looks nice but it WILL be marked up considerably and I refuse to pay dealer markups just to be the first on the block to have one. Other sports cars that I like have also gone through the roof. Soooo………….no, I will not sell my Z.
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Old 05-04-2022, 07:36 AM   #5 (permalink)
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If your Z is an extra car that you can live without for a few years then yeah it's a sellers market. But if your going to sell then buy right away then it's just "a" market.
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Old 05-04-2022, 03:57 PM   #6 (permalink)
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Originally Posted by 2011 Nismo#91 View Post
If your Z is an extra car that you can live without for a few years then yeah it's a sellers market. But if your going to sell then buy right away then it's just "a" market.
This resonates with me.
If you aren't attached to the car and you can be without a car until the market settles down and prices go back to normal, then yes, sell it for profit. If however, you plan on upgrading immediately - you're not gaining anything, you'll be spending MORE money than you're spending now, just to upgrade your car. If you're happy with your car now, then that makes no sense.
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Old 05-10-2022, 11:41 AM   #7 (permalink)
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If your Z is an extra car that you can live without for a few years then yeah it's a sellers market. But if your going to sell then buy right away then it's just "a" market.
I struggle with this every day.... do I sell and make $$$ and just sit on the cash and wait for the economy to stabilize in say 3-5 years, or spend the $$$ for an FI stage Seb (2.5) TT kit + supporting mods....
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Old 05-04-2022, 07:49 AM   #8 (permalink)
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I’m drooling at the thought of selling her and “upgrading” to new Z if the rumors are true about a $40,000 sticker.
Good luck finding one at MSRP when they finally release. Take into account the current state of the "new cars" market, and you have a recipe for inflated dealer prices. Manufacturers across the board are starting to crack the whip on dealers too, threatening future allocations if they don't shape up and stop taking advantage of folks. I think I read somewhere that the market isn't gonna return back to "normal" until sometime around the latter half of 2023. What that new normal will be though is anyone's guess given the past couple of years with this market.
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Old 05-04-2022, 08:53 AM   #9 (permalink)
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I actually like this thread a lot. Lots of good perspective and no bull ****. Like OP said, it's completely situational and personal. One common theme I see in this thread is the upgrade to the new Z - just keep in mind, although it's still a Z at heart, it's a different power plant. Do you want FI over NA? Will you enjoy it? No matter what anyone says, the 370z is an OG. Also, at the end of the day, it's a gamble to do something right now and expect things to fall into place in the future. Just some things to think about before pulling the trigger on whatever it is that you decide

If you actually want the new Z (or whatever new car for that matter) and have the luxury of utilizing another car to get by in the mean time, I'd say definitely go for it if the deal is legit! As long as you can avoid any mark-up, I think you'll be fine. Saving money and being conservative over wants and needs is absolutely sound advice, but if you can afford your wants, then...YOLO.

All I'll say is there's nothing like NOT having a car note!

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Old 05-04-2022, 04:04 PM   #10 (permalink)
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well if the new Z is about 40K and you sell your Z for 36K and the two of you can get by on 1 car... Put the money in savings and call it the new Z fund, and then add to it...

Other wise I would just keep the Z and enjoy it....
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Old 05-05-2022, 06:53 AM   #11 (permalink)
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well if the new Z is about 40K and you sell your Z for 36K and the two of you can get by on 1 car... Put the money in savings and call it the new Z fund, and then add to it...

Other wise I would just keep the Z and enjoy it....
Yea, this is pretty much where I’m at. I won’t mind a $7,000 note for the new Z fits going to be $42,000 ish. The only way I’d sell is if the new Z is really going to be $40,000 as the rumors state.

To add to my story, my wife and myself both work at the same Golf Course which is 15 minutes from home. We can always drive in together and one of us could take the car home and come back on the days we’re not working the same hours, or I’m considering getting a beater bike to ride back and forth while I wait.
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Old 05-05-2022, 07:14 AM   #12 (permalink)
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Yea, this is pretty much where I’m at. I won’t mind a $7,000 note for the new Z fits going to be $42,000 ish. The only way I’d sell is if the new Z is really going to be $40,000 as the rumors state.

To add to my story, my wife and myself both work at the same Golf Course which is 15 minutes from home. We can always drive in together and one of us could take the car home and come back on the days we’re not working the same hours, or I’m considering getting a beater bike to ride back and forth while I wait.


I'd go ahead and sell your Z if you can get near 36k for it. Worse case scenario, the new Z drops for 50k (probably won't), so you take that $$$ and just buy a newer 370z. I like the new Z!
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Old 05-05-2022, 07:51 AM   #13 (permalink)
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Yea, this is pretty much where I’m at. I won’t mind a $7,000 note for the new Z fits going to be $42,000 ish. The only way I’d sell is if the new Z is really going to be $40,000 as the rumors state.

To add to my story, my wife and myself both work at the same Golf Course which is 15 minutes from home. We can always drive in together and one of us could take the car home and come back on the days we’re not working the same hours, or I’m considering getting a beater bike to ride back and forth while I wait.

Another thing to think about is that the BASE z will maybe start around $40k. Not sure what you have now but if you’re selling for $36k I’d think it’s a sport touring package. I imagine the new fully loaded Z will go for over $50k, with a dealer markup close to $60k at least.


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Old 05-05-2022, 08:20 AM   #14 (permalink)
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Another thing to think about is that the BASE z will maybe start around $40k. Not sure what you have now but if you’re selling for $36k I’d think it’s a sport touring package. I imagine the new fully loaded Z will go for over $50k, with a dealer markup close to $60k at least.


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Yes, sport touring. Again, from what the rumors are, the “base” looks like it’s going to be the old sport touring model. The “performance” looks to be the NISMO.

It’s all a guessing game right now until I think Nissan has stated that all specs and pricing are coming out this month.

As far as dealer mark up, I’m sure they’ll try, but it didn’t work for the Supra, and I doubt it will work for the Z.
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Old 05-05-2022, 09:13 AM   #15 (permalink)
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Yes, sport touring. Again, from what the rumors are, the “base” looks like it’s going to be the old sport touring model. The “performance” looks to be the NISMO.

It’s all a guessing game right now until I think Nissan has stated that all specs and pricing are coming out this month.

As far as dealer mark up, I’m sure they’ll try, but it didn’t work for the Supra, and I doubt it will work for the Z.
So far it's Sport, Performance, and a proto spec edition. NISMO is usually released later.

What do you mean the mark-up didn't work for the Supra?
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