Buy-Back/Trade-Back

Nick911sc · 06-01-2010, 04:04 PM

Actually, I think Kannibul should schedule a US tour in order to inform high school students about the effects of these decisions. Might help pay off some of those impulse purchases.

Modshack · 06-01-2010, 04:04 PM

Quote:

Originally Posted by kannibul

The price I am paying for the car is $43999, plus $2K for TT&L. plus $2600 for an 84mo warranty, plus what I owe for the Z when compared to the buy-bid.

You have an unbelievable ability to rationalize this decision (and the numbers). Face it, they sold you the vette at $3000 more than you could have bought it elsewhere, and gave you $26,500 (wholesale, actual cash value for your Z). Doesn't matter how you play with the numbers, those are the facts. Your upsidedownness is what got you in trouble. Compounding that with another purchase is a fools game........

The dealer's profit on that deal (including the warranty) was around $5,000+, Plus his finance kickbacks, Plus another $3500 if he sells your Z for $30K (about what it's worth retail). In the car Biz, they call that a "Home Run"....right Lou?

In the realm of psychology, there's a word for all this... http://en.wikipedia.org/wiki/Cognitive_dissonance You are a classic example ...

FuszNissan · 06-01-2010, 04:06 PM

21 people viewing this thread...lol

IDZRVIT · 06-01-2010, 04:11 PM

This beats watching "The Young and the Restless"!

m4a1mustang · 06-01-2010, 04:11 PM

If you are going to finance a vehicle it's important to research resale values over time so you know the minimum amount of cash you need to put down so you're never underwater on the loan. I think most of us did this.

Sibze · 06-01-2010, 04:13 PM

This is the best thread ever!

Modshack · 06-01-2010, 04:17 PM

Quote:

Originally Posted by Sibze

This is the best thread ever!

.....

m4a1mustang · 06-01-2010, 04:18 PM

Quote:

Originally Posted by Modshack

.....

fairladyZ34 · 06-01-2010, 04:28 PM

if someone can briefly summarize what happened, i seem to have missed an epic thread

Jeffblue · 06-01-2010, 04:33 PM

The only way i can think that selling your car for another car for financial reasons is if you downsized. I think most would agree with me, that unless you were selling your Z and buying a much LESS expensive car, you are making a bad choice. You would have been best off just keeping the Z and enjoying it. At this point it'd have been a financial wash between keeping the Z and enjoying it or buying a camry and not enjoying it.

FuszNissan · 06-01-2010, 04:36 PM

I say go buy gap Insurance and run it into a tree.

Modshack · 06-01-2010, 04:36 PM

Quote:

Originally Posted by fairladyZ34

if someone can briefly summarize what happened, i seem to have missed an epic thread

Went to a chevy dealership today...

fullmonty · 06-01-2010, 04:36 PM

Quote:

Originally Posted by FuszNissan

I say go buy gap Insurance and run it into a tree.

VDC on or off?

shadoquad · 06-01-2010, 04:38 PM

Quote:

Originally Posted by fullmonty

VDC on or off?

Better take it off, just to be sure...

fairladyZ34 · 06-01-2010, 04:40 PM

Quote:

Originally Posted by Modshack

Went to a chevy dealership today...

ooh this thread hahaha, i was there at the start then saw it got locked and didnt bother reading thru it

06-01-2010, 04:06 PM	#48 (permalink)
FuszNissan A True Z Fanatic Join Date: May 2009 Location: St. Louis Posts: 14,275 Drives: Pure Sex Rep Power: 542	21 people viewing this thread...lol __________________ Mods: Too Many to list! LouFuszNissan ZDAYZ 2012

06-01-2010, 04:11 PM	#49 (permalink)
IDZRVIT A True Z Fanatic Join Date: May 2009 Location: Halifax Posts: 1,659 Drives: '13 CTS-V, '76 Vette Rep Power: 27	This beats watching "The Young and the Restless"! __________________ "America.... still builds rockets!" Vette: 355 cid, 400 rwhp '13 CTS-V Coupe: 6.2L LSA, 556HP

06-01-2010, 04:11 PM	#50 (permalink)
m4a1mustang A True Z Fanatic Join Date: Feb 2009 Location: Northern VA Posts: 55,385 Drives: on two wheels Rep Power: 6962	If you are going to finance a vehicle it's important to research resale values over time so you know the minimum amount of cash you need to put down so you're never underwater on the loan. I think most of us did this. __________________ - Steve Zs & Coffee - Saturdays at 10AM in Fairfax, VA and Columbia, MD (Click the banner!) LIKE us on Facebook!

06-01-2010, 04:28 PM	#54 (permalink)
fairladyZ34 A True Z Fanatic Join Date: Aug 2009 Location: Central NJ Posts: 1,577 Drives: 08 G37S Black M6 Rep Power: 19	if someone can briefly summarize what happened, i seem to have missed an epic thread __________________ From Z to G to BMW and back to a G! Nismo for life

06-01-2010, 04:36 PM	#56 (permalink)
FuszNissan A True Z Fanatic Join Date: May 2009 Location: St. Louis Posts: 14,275 Drives: Pure Sex Rep Power: 542	I say go buy gap Insurance and run it into a tree. __________________ Mods: Too Many to list! LouFuszNissan ZDAYZ 2012

06-01-2010, 04:04 PM	#46 (permalink)
Nick911sc A True Z Fanatic Join Date: Feb 2009 Location: Long Island, New York Posts: 1,698 Drives: 2010 Nissan GT-R Rep Power: 20	Actually, I think Kannibul should schedule a US tour in order to inform high school students about the effects of these decisions. Might help pay off some of those impulse purchases.

06-01-2010, 04:13 PM	#51 (permalink)
Sibze A True Z Fanatic Join Date: May 2009 Location: Ontario, Canada Posts: 16,202 Drives: In your way Rep Power: 63	This is the best thread ever!

06-01-2010, 04:33 PM	#55 (permalink)
Jeffblue A True Z Fanatic Join Date: Dec 2009 Location: NY Age: 36 Posts: 9,192 Drives: Z32TT & 335xi Coupe Rep Power: 37	The only way i can think that selling your car for another car for financial reasons is if you downsized. I think most would agree with me, that unless you were selling your Z and buying a much LESS expensive car, you are making a bad choice. You would have been best off just keeping the Z and enjoying it. At this point it'd have been a financial wash between keeping the Z and enjoying it or buying a camry and not enjoying it.

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