Evo X or 370Z???

Red__Zed · 10-28-2012, 03:04 PM

Quote:

Originally Posted by SS_Firehawk

Your spreadsheet needs a starting price. Cars at a higher price losing the same % in residual value in comparison to another vehicle that is more inexpensive. Considering most Z's are averaging about $37,000 new (I'm not factoring what anyone paid just MSRP), it paints a different picture.

KBB estimates my vehicle at $31,200 (around 10k mi) in excellent condition on private resale and $29,300 on trade in. Sticker, my vehicle was around $36.5k. With VPP pricing, I got it for $32,400 (irrelevent to the arguement, but only losing $1300 and owing $28k, I'm winning this battle of depreciation and only owned it for a total of one year.)

I ran the same thing with a 2011 Ford Mustang GT Premium with leather, HID headlights and same mileage, $26,650 and the stealership will only pay $24,395.

I'm not sure what reputable source your using, but these are prices in the States using KBB, a source most dealerships and private buyers use to estimate the value of a vehicle.

Irrelevant to the argument, but only losing $1300 and owing $28k, I'm winning this battle of depreciation and only owned it for a total of one year. I am already out from being underwater and my loan was for $34k.

I'm going to bed (Afghanistan), so you have roughly 7 hours to formulate an argument to prove I am incorrect.

Using KBB prices is enough argument against your point.

Try looking at auction prices vs actual price paid, rather than comparing Msrp to KBB excellent.

The number of cars sold for KBB's excellent price can probably be counted on one hand.

Try actually selling the car, then re-evaluate

EDIT, for fun, here is depreciation as a percentage of MSRP and average purchase price.

MSRP ||5 year depreciation (per NADA) ||residual (vs MSRP) ||average purchase price new ||TC residual

2011 370z
$31,450 || $18,302|| 0.418060413 || $31,296 || 0.4200
GSR
$34,095 || $19,204|| 0.436750257 || $33,080 || 0.4497
MR
$38,090 ||$21,302 || 0.440745603 || $35,380 || 0.4686

All based on NADA to keep things fair