for an evo. but how does trade in works? i still owe $28.400 left on the car. and the evo is about $27.000. Please help thanks.
|
|
LinkBack | Thread Tools | Display Modes |
12-21-2012, 01:10 PM | #2 (permalink) |
Administrator
Join Date: May 2009
Location: Disneyland, Ca
Posts: 8,730
Drives: 🔰
Rep Power: 10 |
The dealer will pay what it feels it could get for the Z and if its worth less than the new car? The difference will added to the new car putting in you in the Negative.
|
12-21-2012, 01:15 PM | #3 (permalink) |
Base Member
Join Date: Jan 2012
Location: Charlotte
Posts: 63
Drives: '11 Nissan 370Z M6
Rep Power: 13 |
You're generally better selling your Z on your own. The dealer will nearly always offer less than what you could get from a private party. People do trade-ins for the convenience, but there is a cost in doing so.
Use autotrader to price your car, then offer for sale. If the going price for your car is higher than what you owe, then you payoff your bank, and pocket the difference. If the going price is lower than what you owe, then you'd need to pay the bank the difference in cash. |
12-21-2012, 01:23 PM | #6 (permalink) |
Base Member
Join Date: Jan 2012
Location: Charlotte
Posts: 63
Drives: '11 Nissan 370Z M6
Rep Power: 13 |
Also, you may be thinking you're "saving money" because you still owe $28K, and you'd be getting a $27K car. Saves $1K right? But you really have to compare what your Z will actually sell for, not what you owe. If you trade-in or sell you car for any amount LESS than $27K, then this transaction will cost you. You need to sell/tradein for $27K to break even on the Evo, and preferably sell for more to save you money.
|
12-21-2012, 01:34 PM | #8 (permalink) |
A True Z Fanatic
Join Date: May 2009
Location: Maryland
Posts: 1,397
Drives: 09 Sports 6 Speed
Rep Power: 427 |
Simple math just like the guys above mentioned. Does the X has more miles than the Z?
__________________
Evo-R CF fang | CF Mirror covers | 20/25 H&R spacers | RE-11 | TopSpeed exhaust + y-pipe | Stillen HFC | Carbon Fiber Amuse rear bumper + Amuse Spoiler | PWJDM |
12-21-2012, 02:01 PM | #11 (permalink) | |
A True Z Fanatic
Join Date: Apr 2011
Location: NYC
Posts: 6,365
Drives: '12 G41 B/S M6
Rep Power: 3716 |
Quote:
Yes, there's differences between periods and commas.
__________________
...need boost... |
|
12-21-2012, 03:27 PM | #14 (permalink) | |
Enthusiast Member
Join Date: Mar 2009
Location: Dallas, Tx
Posts: 361
Drives: 2015 370z Sport Tech
Rep Power: 16 |
Not to be the bearer of bad news...but you need to consider all of these:
1. what is owed on your current car 2. what you will get for your current car 3. difference between the two - plus or minus 4. actual sales price of the new car - not just the sticker 5. new car purchase sales tax, title and license fees locally - usually around 3k+ 6. interest rate at time of purchase 7. down payment Take that check list - put numbers to it...and then you can see the "real" costs involved in changing. Quote:
|
|
Bookmarks |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Thinking of trading the Z for a GT-R | xgrudgex | Other Vehicles | 38 | 02-05-2012 10:52 AM |
Thinking a bout trading in 09 maxima for 370z | tha_alabama | Nissan 370Z General Discussions | 33 | 07-02-2011 10:32 AM |
Thinking about trading my Z for an Evo X | Z-WHIZ | Nissan 370Z General Discussions | 61 | 02-06-2011 07:01 PM |
Trading in GTR for a 370z | Nitrouz | Nissan 370Z General Discussions | 359 | 12-31-2010 02:30 PM |
Thinking of trading 09 stg 2 STI for 370... | kotik | Nissan 370Z General Discussions | 31 | 10-19-2010 01:00 AM |