Anyone In GA Want A Nismo 370?

edeeZee

Arbitrary on you.

If a Nismo is say $40K MSRP, invoice is $37K, a dealer might get away with buying it off your hands for $32K.

Private party or on the street, there's no way you can buy this for even $33.5K with 1,900 miles. I used to be a car salesman, and what I often did was "curb trades." What this is when the customer had a "hot" car to trade, or a car I knew was easy to "flip" on the streets, I'd buy it off their hands instead of letting them trade it in to the dealer; e.g. Honda Civic hatchback EG (1992-95) I'd buy for like $1,000-1500 whereas the dealer would buy for $500, then I'd turn around and sell i for $3,000. A $1,500-2,000 arbitrage. The point, I bought and sold lots of cars on the street as well as retail at a new car dealerships, and you're, politely put--a wishful thinker--who has no grasp nor experience.

If we work on invoice price for a Nismo, starting point $37K, and this Nismo has 2000 miles; 2000 miles of 15,000 is like 13.3% of total depreciation. Thus, I'd REALISTICALLY imagine from historical Blue-Book and Nada depreciation, that this Nismo will lose 20% of value after 1 year or 15,000 miles of use. 13.3% of 20% = 2.6%. 1- 0.026 =97.34%, thus this Nismo is worth about $37K x 0.9734 =$36,000 (based on invoice price).

mattkim85

hmm from what i have heard, once you sign all the paperwork
the car depreciates in value 20%. That is the main reason experts recommend putting down at least 20% for the car just so that if you run into financial instability, you would not be hurt by it as much.

20% of $40k is $8000

so IMHO $32,000 - $33,000 sounds about right.

__________________
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edeeZee

Ask Fusz if my reasoning is correct.

And nooooo, you heard wrong. Cars don't deppreciate 20% "once you sign all the paperwork." "That is the main reason experts recommend putting down at least 20% for the car just so that if you run into financial instability, you would not be hurt by it as much."-if you're gold-balls credit, make lots of money, have a high 'revolving availability'--you can roll outta the Porsche dealer with just drive-off's i.e. ~10.5% in state of CA.

JoeD

Sure.