11-04-2009, 04:47 AM
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#1 (permalink)
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Track Member
Join Date: May 2009
Location: s. cali, los angeles
Posts: 627
Drives: 09 370z plat 6 speed
Rep Power: 268
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Quote:
Originally Posted by shabarivas
So you are saying edeezee that if i got a brand new nismo off the dealer lot... put one mile on it... it would fetch pretty much what I paid to the dealer?
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Yes. What happens is that despite the Nismo with 1 mile on the odometer (BTW, this is unrealistic), the dealer buys it back for maybe 85 cents on the dollar. Remember, you're the one who got in over your head and bought something you couldn't afford. When a roach customer (a person with borderline credit) steps into Nissan dealer x,y,z...he/she salivates at 2010 Nismo. But bank denies credit to this person on $40K car. But the TECHNICALITY lies in the fact that the Nismo you "pawned" over to Nissan store X,Y,Z has some room for profit, the bank sees it as a "used" car despite it "having 1 mile" like you described, and there is a chance roach customer can acquire it as a "used" car and make some money off tier 2,3 credit.
Ask Fusz or "meet joe Asian" if what I'm saying makes sense.
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