Should I pursue this deal?

chrisray21 · 02-04-2011, 11:37 PM

So I currently own a 2004/AT DB 350z with 70,000 miles on it. Its a touring edition with nav and I was looking into to trading it in for a 2009/AT 370z I just spotted for sale.

The price on the 370z is 31,999. Its a PW with everything on it. Sport Pkg, Touring, and Nav with only 4,100 miles on it.

I currently owe 13,000 on my 04 with a monthly payment of 425.00 would this be a dumb trade?

Is there a ball park figure anyone can give me on how much my monthly payment would be?

Thanks guys

Ray

NCSUPACK09 · 02-04-2011, 11:42 PM

Not smart IMO. Trade-in value on KBB is ~$12,000 with all options selected. That means you would still owe $1k on the 350 loan + $32k for the 370 + TTL which would be somewhere around $35k total. Even getting 2.99% on a 5yr loan your payment would be $625/mo.

frost · 02-04-2011, 11:46 PM

If you weren't going to lose ~$3,500 on your trade, maybe.

chrisray21 · 02-04-2011, 11:47 PM

Ok thanks for you're opinion yea haven't made up my mind yet but I am thinking about it just wanted others opinions. Mainly if anyone has done this and had any regrets?

Lemers · 02-04-2011, 11:48 PM

Try to sell the car outright

frost · 02-04-2011, 11:49 PM

Quote:

Originally Posted by NCSUPACK09

Not smart IMO. Trade-in value on KBB is ~$12,000 with all options selected. That means you would still owe $1k on the 350 loan + $32k for the 370 + TTL which would be somewhere around $35k total. Even getting 2.99% on the loan your payment would be $625/mo.

The problem with this statement is that it implies dealers actually give kbb trade in value.

frost · 02-04-2011, 11:50 PM

Quote:

Originally Posted by Lemers

Try to sell the car outright

He can, but by the time he does, that 370 will likely be gone. So don't sell it just for that car.

NCSUPACK09 · 02-04-2011, 11:50 PM

Quote:

Originally Posted by frost

The problem with this statement is that it implies dealers actually give kbb trade in value.

Haha...I was giving a best case scenario.

frost · 02-04-2011, 11:51 PM

Quote:

Originally Posted by NCSUPACK09

Haha...I was giving a best case scenario.

chrisray21 · 02-04-2011, 11:55 PM

Ok thanks for the replies guys. Tomorrow im gonna head out and test drive the car to see if its worth the trade. Also to see if I can bring the price of the 09 down a little bit.

Lemers · 02-04-2011, 11:56 PM

It's a 350 sell it anyways

frost · 02-04-2011, 11:57 PM

Quote:

Originally Posted by chrisray21

Ok thanks for the replies guys. Tomorrow im gonna head out and test drive the car to see if its worth the trade. Also to see if I can bring the price of the 09 down a little bit.

Sure they will lower the price of the 09 ... by lowering what they give you for your 350

I've purchased 19 cars, so I'm a bit cynical to their games.

Also, I still like the way my 350 handles when compared to my 370

chrisray21 · 02-05-2011, 12:01 AM

Quote:

Originally Posted by frost

Sure they will lower the price of the 09 ... by lowering what they give you for your 350

I've purchased 19 cars, so I'm a bit cynical to their games.

Also, I still like the way my 350 handles when compared to my 370

Yea I love my 350 just have a lot of dings/dents everywhere and I just want something new. Every time I see a 370z it makes me want one more and more, just worried about the monthly payment.

dal1307 · 02-05-2011, 12:02 AM

Quote:

Originally Posted by Lemers

Try to sell the car outright

+1 If you can find the right buyer then you can get more than any dealer will give you for trade.

toner123 · 02-05-2011, 12:02 AM

if you want man i can give you a detailed break out of your going to be paying. best thing to do is go nagotiate on the 370 and if they ask if you have a trade tell them no. Then after you get a price they wont move on then be like me and my wife discused it and i think we will trade in the 350.
I advise you not to go into negative equity which means they add the remaining amount owed on the 350 to the 370 bill.
I worked at a dealership for 6 years so i know how to **** block all there fun little games

02-04-2011, 11:37 PM	#1 (permalink)
chrisray21 Base Member Join Date: Dec 2008 Location: San Antonio, Tx Posts: 63 Drives: 04 Nissan 350z Auto Rep Power: 17	Should I pursue this deal? So I currently own a 2004/AT DB 350z with 70,000 miles on it. Its a touring edition with nav and I was looking into to trading it in for a 2009/AT 370z I just spotted for sale. The price on the 370z is 31,999. Its a PW with everything on it. Sport Pkg, Touring, and Nav with only 4,100 miles on it. I currently owe 13,000 on my 04 with a monthly payment of 425.00 would this be a dumb trade? Is there a ball park figure anyone can give me on how much my monthly payment would be? Thanks guys Ray

02-04-2011, 11:42 PM	#2 (permalink)
NCSUPACK09 Enthusiast Member Join Date: Jan 2010 Location: Somewhere Posts: 407 Drives: '10 370Z MB 6MT SP Rep Power: 15	Not smart IMO. Trade-in value on KBB is ~$12,000 with all options selected. That means you would still owe $1k on the 350 loan + $32k for the 370 + TTL which would be somewhere around $35k total. Even getting 2.99% on a 5yr loan your payment would be $625/mo. __________________ 2010 Base 370z Magnetic Black 6MT SP Mods: Bone Stock Last edited by NCSUPACK09; 02-04-2011 at 11:49 PM.

02-04-2011, 11:48 PM	#5 (permalink)
Lemers A True Z Fanatic Join Date: Mar 2010 Location: Izmir, Turkey Posts: 15,371 Drives: 2012 Traverse LTZ Rep Power: 52	Try to sell the car outright __________________ 2010 Black Cherry Touring/Sport/Nav Now - 2012 Travese LTZ until I leave for Turkey

02-04-2011, 11:56 PM	#11 (permalink)
Lemers A True Z Fanatic Join Date: Mar 2010 Location: Izmir, Turkey Posts: 15,371 Drives: 2012 Traverse LTZ Rep Power: 52	It's a 350 sell it anyways __________________ 2010 Black Cherry Touring/Sport/Nav Now - 2012 Travese LTZ until I leave for Turkey

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02-04-2011, 11:47 PM	#4 (permalink)
chrisray21 Base Member Join Date: Dec 2008 Location: San Antonio, Tx Posts: 63 Drives: 04 Nissan 350z Auto Rep Power: 17	Ok thanks for you're opinion yea haven't made up my mind yet but I am thinking about it just wanted others opinions. Mainly if anyone has done this and had any regrets?

02-04-2011, 11:55 PM	#10 (permalink)
chrisray21 Base Member Join Date: Dec 2008 Location: San Antonio, Tx Posts: 63 Drives: 04 Nissan 350z Auto Rep Power: 17	Ok thanks for the replies guys. Tomorrow im gonna head out and test drive the car to see if its worth the trade. Also to see if I can bring the price of the 09 down a little bit.

02-05-2011, 12:02 AM	#15 (permalink)
toner123 Track Member Join Date: May 2010 Location: chesapeake va Age: 39 Posts: 823 Drives: TT 370z Touring/SP Rep Power: 16	if you want man i can give you a detailed break out of your going to be paying. best thing to do is go nagotiate on the 370 and if they ask if you have a trade tell them no. Then after you get a price they wont move on then be like me and my wife discused it and i think we will trade in the 350. I advise you not to go into negative equity which means they add the remaining amount owed on the 350 to the 370 bill. I worked at a dealership for 6 years so i know how to **** block all there fun little games