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Trade-in for a Cayman S. :)

Well, I think I am approved by Porsche at 2.9%. Now I just need to take one day and decide if I should pull the trigger. decisions..decisions....decisions. Grrrrrrr! I have

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Old 12-11-2010, 03:04 PM   #1 (permalink)
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Default Trade-in for a Cayman S. :)

Well, I think I am approved by Porsche at 2.9%. Now I just need to take one day and decide if I should pull the trigger.

decisions..decisions....decisions. Grrrrrrr!

I have a base, black, manual, 25k miles, Rays wheels, non dings/scratches, garages, and was offered $22.5k by the Nissan dealer.

Do you guys think 22.5k is reasonable? Nissan wants to keep the Rays.

I am pulling out my stereo, front BIg brakes, sways, coilovers, and Nismo Exhaust (if I can find someone quickly who wants to upgrade).




UPDATE:

As I anticipated, this thread has turned into a Porsche-Nissan comparo.
It is all good and healthy. In the end, we all love cars. Enjoy the reading

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Old 12-11-2010, 03:15 PM   #2 (permalink)
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Do what makes you happy? In the end you're paying for it.
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Old 12-11-2010, 03:29 PM   #3 (permalink)
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Do what makes you happy? In the end you're paying for it.
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Old 12-18-2010, 09:33 AM   #4 (permalink)
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Do what makes you happy? In the end you're paying for it.
That will be abundantly clear on his first mechanical issue.
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Old 12-18-2010, 12:49 PM   #5 (permalink)
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That will be abundantly clear on his first mechanical issue.
Well, hopefully this will not be an issue due to:

1. Factory warranty.
2. I have worked on Porsches for decades.

Still, I and every current and future owners should be aware of P-car ownership. I have a coworker who makes Almost triple what I make and he had to get rid of his car due to mtce.
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Old 12-11-2010, 03:35 PM   #6 (permalink)
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We all pay one way or another.

I just need to know if $22.5k is reasonable. I can go to CarMax obviously but If someone already knows that appraisals are standard, that would be one less variable for me.

Thx.
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Old 12-11-2010, 03:45 PM   #7 (permalink)
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$22.5 is very low. Very low. My 2009 PG 6MT touring/sport 15k miles was just valued at $33k. I think that's high, but you see my point.
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Old 12-11-2010, 04:20 PM   #8 (permalink)
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$22.5 is very low. Very low. My 2009 PG 6MT touring/sport 15k miles was just valued at $33k. I think that's high, but you see my point.
Yes but brand new the touring/sport model lists for $8000 more, so the pricing isn't necessarily that far out of line. If I were him I would be looking for $23.5 in trade.
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Old 12-16-2010, 09:31 PM   #9 (permalink)
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$22.5 is very low. Very low. My 2009 PG 6MT touring/sport 15k miles was just valued at $33k. I think that's high, but you see my point.
I just refinanced my loan to take advantage of lower rates, and my '09 base with sport came in at $30,800 retail. Now you won't get that in trade, but I think $22.5 is a little too low.
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Old 12-16-2010, 10:39 PM   #10 (permalink)
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I just refinanced my loan to take advantage of lower rates, and my '09 base with sport came in at $30,800 retail. Now you won't get that in trade, but I think $22.5 is a little too low.
In all honesty and full disclosure, I paid $29K, cash, before taxes. The car is just a base with aero-package ($600.00) The only thing that the car needs at the present time would be new tires. I figured that if I get $23K (+ $1,000 in tires), my actual trade in is $24K.

Might be bad mathematics as I am excluding taxes, but I figure that my actual selling price is $25,000.00 (self-justification )
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Old 12-16-2010, 11:04 PM   #11 (permalink)
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In all honesty and full disclosure, I paid $29K, cash, before taxes. The car is just a base with aero-package ($600.00) The only thing that the car needs at the present time would be new tires. I figured that if I get $23K (+ $1,000 in tires), my actual trade in is $24K.

Might be bad mathematics as I am excluding taxes, but I figure that my actual selling price is $25,000.00 (self-justification )
Yea, the good news is the cars are holding their own so far as used book values go, but the reality is if you negotiate well, you can get a new one for the same price as retail used. If you are happy with the deal I'd go for it. You could always ask for a little more and back down if they won't budge.

Oh, and I happen to love the Caymen S. A good friend of mine had one, before the recession caused a downturn in his business. They are great cars. I think the 370 is a better bang for the buck, and he agreed as well. I think the way to go is a mint low mileage used Caymen S, let someone else take the depreciation and get a good deal.
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Old 12-11-2010, 04:25 PM   #12 (permalink)
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What I do to estimate the value is check Edmunds TMV, KBB then surf around Auto Trader to see what comperable ones are really going for. Obviously lean on the high side as a seller if you can and have a nice car. Selling private you'll get more money, just depends on how long you want to wait.
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Old 12-11-2010, 05:33 PM   #13 (permalink)
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sorry... i just do not approve of your move. no comment from me...
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Old 12-11-2010, 05:59 PM   #14 (permalink)
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sorry... i just do not approve of your move. no comment from me...

Actually, this is somewhat contradictory as you already made your comment by stating your disapproval. . I am cool with it.

It looks like karma here: Nissan just called and they said that they couldn't finish the oil chg service, etc and they are keeping the car til Monday.

And I was planning on pulling out my mods tonight.
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Old 12-11-2010, 07:38 PM   #15 (permalink)
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Actually, this is somewhat contradictory as you already made your comment by stating your disapproval. . I am cool with it.

It looks like karma here: Nissan just called and they said that they couldn't finish the oil chg service, etc and they are keeping the car til Monday.

And I was planning on pulling out my mods tonight.
well said!

2.9 is cool though. get TechArt upgrades....
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