Should I pursue this deal?

chrisray21 · 02-04-2011, 10:37 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, 10:42 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.

chrisray21 · 02-04-2011, 10:47 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?

frost · 02-04-2011, 10:49 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.

NCSUPACK09 · 02-04-2011, 10:50 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, 10:51 PM

Quote:

Originally Posted by NCSUPACK09

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

chrisray21 · 02-04-2011, 10:55 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.

PapoZalsa · 02-05-2011, 09:02 PM

Quote:

Originally Posted by frost

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

Which they don't, they will make all type of excuses. They go by a Black Book that the prices are for cars that are bought at an auction.

frost · 02-04-2011, 10:46 PM

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

Lemers · 02-04-2011, 10:48 PM

Try to sell the car outright

frost · 02-04-2011, 10:50 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.

dal1307 · 02-04-2011, 11:02 PM

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.

Lemers · 02-04-2011, 10:56 PM

It's a 350 sell it anyways

EL Diablo · 02-04-2011, 11:09 PM

You are going to take a hit for a couple of grand if you do the Trade.
If you can afford it then go for it.

chrisray21 · 02-04-2011, 11:15 PM

Quote:

Originally Posted by EL Diablo

You are going to take a hit for a couple of grand if you do the Trade.
If you can afford it then go for it.

Yea thats what I am worried about not necessarily the hit but the monthly payment. I just graduated from college and my student loans are gonna have to be paid back shortly.

I just wanted to get something nice for myself!!

02-04-2011, 10:37 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, 10:42 PM	#2 (permalink)
NCSUPACK09 Enthusiast Member Join Date: Jan 2010 Location: Somewhere Posts: 407 Drives: '10 370Z MB 6MT SP Rep Power: 16	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 10:49 PM.

02-04-2011, 10:48 PM	#10 (permalink)
Lemers A True Z Fanatic Join Date: Mar 2010 Location: Izmir, Turkey Posts: 15,371 Drives: 2012 Traverse LTZ Rep Power: 53	Try to sell the car outright __________________ 2010 Black Cherry Touring/Sport/Nav Now - 2012 Travese LTZ until I leave for Turkey

02-04-2011, 10:56 PM	#13 (permalink)
Lemers A True Z Fanatic Join Date: Mar 2010 Location: Izmir, Turkey Posts: 15,371 Drives: 2012 Traverse LTZ Rep Power: 53	It's a 350 sell it anyways __________________ 2010 Black Cherry Touring/Sport/Nav Now - 2012 Travese LTZ until I leave for Turkey

02-04-2011, 11:09 PM	#14 (permalink)
EL Diablo Base Member Join Date: Dec 2010 Location: USA Posts: 91 Drives: Not a 370Z Rep Power: 15	You are going to take a hit for a couple of grand if you do the Trade. If you can afford it then go for it. __________________ The Z Has Left The Building. Thank You & Good Night!

02-04-2011, 10:47 PM	#3 (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, 10:55 PM	#7 (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.

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