Time to sell?
 

I know no one can really answer this question but myself but I’m going to ask anyway....

Bought Daizy from CarMax in 2017 with 2000 miles on her for just over $31,000 She just turned over 35,000 and I own her outright.

They called me out of the blue and offered me $36,000 if I could send pictures and document all service records, which I did and I can.

So now the question... do I sell my 5 year old love for a “PROFIT” and buy myself a beater while waiting this crazy market out?

I’m aware that nobody knows when this bubble is going to pop, but it IS going to pop. All bubbles do.

I’m drooling at the thought of selling her and “upgrading” to new Z if the rumors are true about a $40,000 sticker.

What say youse guys?

hell no

I'm thinking about it aswell. I have a 2016 with 29k. Already removed my bp tt kit.

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I appreciate you’re opinion! I’m leaning toward “hell no” too. But if there’s one thing I’ve learned about the stock market and bubbles, is bulls and bears make money. Pigs get slaughtered.

What’s your reasoning. I really want to know.

LOL, common sales tactic. I got the same thing about my 2017 Corvette Grandsport convertible. I just laughed at the guy.

I say keep your Z and stay out of debt. I know a new car sounds tempting but you will get bored out it just like any other car. Whatever your payments were take that each month and put it in your savings. Plus, with the increase of everything right now and I don't see an end to that you will have extra money for things you NEED rather than spending it on wants.

I just paid off my Z 5 months ago and it looks better than ever lol and I also have no debt and I sleep a lot better. Also a thing to remember, your registration will go up, your insurance may as well.

Well I would assume you'd need another car. At an inflated price. Which you wouldn't be able to get rid of until the market drops. so you'd sell for a loss.

In canada at least you pay taxes on any purchase of a car. so that's taxes x2 to the government.

Not to mention you're sitting for a year or two with a **** car you hate driving.

Only to what, get the new Z at a dealer markup?

If you can swap you z for a bicycle until the market drops maybe.

5k - taxes isn't enough of a profit for me to warrant driving a **** car for over a year tho. But again, everyones situation is different.

I'd rather have the car for that time, enjoy driving and building it.

The new Z looks great but I'd much rather have my 370z.

Also we're heading into a recession so, a payed off car sounds like a great idea.

I think we’re at the same stage in life where we agree if something is too good to be true, it probably is...

But let’s just say the offer is legit? I’ve never been offered more for a car that I’ve owned that I payed less for. I’m intrigued...

Yes, we’re on the same page. I’m seriously thinking about buying a bike. More specific, one of the 1000’s of Harleys that Dentists and Accountants own and freeze my arse off for a year or two until this market gets sorted out.

The problem is my wife doesn’t want me on a bike anymore...

I have a 2011 Kia with 25,000 miles on it that my wife uses as a grocery getter. So i have options.

IMO the market is definitely about to pop. Carvana just reported that sales are slowing down a lot. Interest rates are about to skyrocket and houses are sitting a lot longer than they use to a few months ago.

I just sold my 2011 sport for 23k to Carvana, my 2019 Nismo to a FB buyer, and bought a 370z from the auction for $6k delivered with a blown engine(140k on the car). Swapped a motor in and did all the modifications I like on these cars for track duty and I'm still under 10k. Also got a 2010 GTR with the difference between the 2 sales lol

Carvana lost their backside as they lost $500 MILLION, not exactly a small chunk of money, but they have enough investors that will unfortunately keep that crap business going, and Vroom…. Their stocks are down 99% after the Texas Attorney General all but sued them out of existence…

I also have a few backups. 2014 BMW 535gt, 08 c63, 2018 subi Sti. And I really want the new z. My dealer offered $25k. Problem is that I have $15k in parts I have to sell. I'm sure there is gonna be a mark up on the New Z. I'm guessing $48k

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I'd sell if you can get 36k. No other time in my lifetime has it been possible to sell your 5 yr old used car and make a profit. This will pass
Truly strange days! I too have been looking at that new Z!!

I’m in the same boat as you. I could sell my Z Nismo for more than what I paid in 2016. But it’s all relative. What do I get? The new Z looks nice but it WILL be marked up considerably and I refuse to pay dealer markups just to be the first on the block to have one. Other sports cars that I like have also gone through the roof. Soooo………….no, I will not sell my Z.

If your Z is an extra car that you can live without for a few years then yeah it's a sellers market. But if your going to sell then buy right away then it's just "a" market.

Good luck finding one at MSRP when they finally release. Take into account the current state of the "new cars" market, and you have a recipe for inflated dealer prices. Manufacturers across the board are starting to crack the whip on dealers too, threatening future allocations if they don't shape up and stop taking advantage of folks. I think I read somewhere that the market isn't gonna return back to "normal" until sometime around the latter half of 2023. What that new normal will be though is anyone's guess given the past couple of years with this market.

I actually like this thread a lot. Lots of good perspective and no bull ****. Like OP said, it's completely situational and personal. One common theme I see in this thread is the upgrade to the new Z - just keep in mind, although it's still a Z at heart, it's a different power plant. Do you want FI over NA? Will you enjoy it? No matter what anyone says, the 370z is an OG. Also, at the end of the day, it's a gamble to do something right now and expect things to fall into place in the future. Just some things to think about before pulling the trigger on whatever it is that you decide :)

If you actually want the new Z (or whatever new car for that matter) and have the luxury of utilizing another car to get by in the mean time, I'd say definitely go for it if the deal is legit! As long as you can avoid any mark-up, I think you'll be fine. Saving money and being conservative over wants and needs is absolutely sound advice, but if you can afford your wants, then...YOLO.

All I'll say is there's nothing like NOT having a car note!

I'm being lazy...do you mind giving me the quick summary of exactly what happened with Carvana and Vroom? Thanks!

This maybe?
https://www.cbtnews.com/carvana-bett...on-investment/

Not SeeThruHead, but here is my reasoning:

My philosophy in the stock market is to keep shoveling money into index funds while you're earning it and to keep transaction costs to a minimum. The number of investors who can beat average returns after transaction costs reliably in incredibly small. Chasing highs and lows is futile for almost everyone.

The bubble may pop or we may be approaching a new permanent baseline. Currently projected prices for new models when things get back to normal may be significant underestimates.

I'm going to keep driving mine as I don't have the patience (or life expectancy) to waste a year or two driving something I don't enjoy driving. Despite my wife starting to hint that I should trade for something with a grab handle for the passenger ;)

Do you have your eye on any other vehicles? Or is it new Z or nothing. You definitely could sell now and get something new to you or if you don't mind a car note put a significant down-payment on something extraordinary. Personally I'd wait and see how the new is before I ultimately commit to one but it's a damn solid choice. Good luck!!

This resonates with me.
If you aren't attached to the car and you can be without a car until the market settles down and prices go back to normal, then yes, sell it for profit. If however, you plan on upgrading immediately - you're not gaining anything, you'll be spending MORE money than you're spending now, just to upgrade your car. If you're happy with your car now, then that makes no sense.

well if the new Z is about 40K and you sell your Z for 36K and the two of you can get by on 1 car... Put the money in savings and call it the new Z fund, and then add to it...

Other wise I would just keep the Z and enjoy it....

Yea, it’s the new Z or nothing. But only if it’s $40,000 ish.

Yea, this is pretty much where I’m at. I won’t mind a $7,000 note for the new Z fits going to be $42,000 ish. The only way I’d sell is if the new Z is really going to be $40,000 as the rumors state.

To add to my story, my wife and myself both work at the same Golf Course which is 15 minutes from home. We can always drive in together and one of us could take the car home and come back on the days we’re not working the same hours, or I’m considering getting a beater bike to ride back and forth while I wait.

I'd go ahead and sell your Z if you can get near 36k for it. Worse case scenario, the new Z drops for 50k (probably won't), so you take that $$$ and just buy a newer 370z. I like the new Z!

I, along with most people here, can guarantee the new Z will not be had for anywhere near 40k - at least for the first year. Just like the corolla gr. If the supply chain is still the way it is, dealerships are going to continue to ride that wave and just go with allocations/orders. Honestly it works for them. Cars are sold before they get to the lot. Nothing has to sit around so they don't need to negotiate. Guaranteed business with maximum profit. Mark-up is icing on top. Furthermore, I swear they are installing all these dumb a$$ accessories like pin stripes, ceramic coating, door edge guards, etc. that you have no other option but to purchase with the car.

Also, I'd go as far to say that out of all the cars that have been introduced recently, the new Z probably has the most anticipation.

My point is, how long can you actually wait? I'd say tack on another year on top of the new Z's actual release date (and I mean when they are hitting the docks) for a "decent" deal.

This! I'm all for people picking one up and being excited that we got a "new" Z coming, but let's temper our expectations and be more realistic with how it is likely going to unfold.....at least in the first year (or until the market returns back to "normal").

Another thing to think about is that the BASE z will maybe start around $40k. Not sure what you have now but if you’re selling for $36k I’d think it’s a sport touring package. I imagine the new fully loaded Z will go for over $50k, with a dealer markup close to $60k at least.


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No. My answer is slightly different from the money aspect. 370z has way lower production than the 350z. Every day on FB I see Z cars getting totaled. I think we're coming up on critical mass where 370z is just starting to get a bit harder to find.

370z is the last of the mechanical based components. The new Z has a lot more electronics. I think there will be a time where people wish they had all the analog gauges sitting in front of them. The cockpit really exemplifies driver oriented feel while being a minimalist.

Styling - This is subjective... but the rear quarters of this car is iconic. Nissan basically made a mini tub from the factory.

I agree with your assumption. For the most part...

I don’t see much demand for a new Z at $60,000. For a couple of more bucks, you’re talking Corvette money.

Like I said, for $40,000 new and $36,000 down on mine, it’s a no brainer.

I don’t see them selling many at $60,000. Just my opinion. It’s a wacky market.

Yes, sport touring. Again, from what the rumors are, the “base” looks like it’s going to be the old sport touring model. The “performance” looks to be the NISMO.

It’s all a guessing game right now until I think Nissan has stated that all specs and pricing are coming out this month.

As far as dealer mark up, I’m sure they’ll try, but it didn’t work for the Supra, and I doubt it will work for the Z.

Exactly. Nissan has this in the bag. It's up to us as consumers to control this $hit, but people will do what they want.

Great point. I forgot to mention this, but I made a post about this in the 400z thread. Nissan is slightly misleading/ falsely advertising the new Z. As far as I know there are two trims CURRENTLY. Sport and Performance. There are differences with brakes, suspension, interior options, wheels, LSD, etc.

So far it's Sport, Performance, and a proto spec edition. NISMO is usually released later.

What do you mean the mark-up didn't work for the Supra?

[QUOTE=gbrettin;4024685]

The new Z has a lot more electronics. I think there will be a time where people wish they had all the analog gauges sitting in front of them.




Yeah, now if I could just get that digital clock switched over to analog! :ugh2: LOL
(Love my Z, but that's my least favorite feature)

[QUOTE=Zingston;4024691]Especially when there’s another clock 3 inches below it on the Nav screen. :shakes head:

There were a few fools that payed the $20,000 - $100,000 markup to be the first in line. I don’t need a new car that bad....

Hah. you d1cks know what I mean. lmao

Having only 1 car for the household let alone a 2 seater sports car, is a bad idea imo. There will most definitely be times where you're going to be kicking yourself for not having 2 cars.

Plus I would hate to DD my sports car. They are meant for weekends, nights, pleasure cruising and the track. Maybe take it into work on a Friday, but that's it. The idea of me putting DD amount of miles on a car meant for pleasure makes me cringe personally. Buy a beater for the daily duties.

As new as it may be, sports cars still need to go in the shop from time to time and then you're SOL until you get it back if you have only 1 car.

Just my :twocents: