KBB Value dropping drasticly

Red__Zed

shopping for a vacation?

Jordo!

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Enjoy it. Destroy it.

DLSTR

You drink wayyyyyyyyyyyy too much tea.

Justice97

This is not a political forum, keep your politics to yourself sir.

These kind of comments only start flame wars.

damian_mb

uh oh.....someone is a....

Jordo!

The only values that hold any real water are the ones listed in the Black Book -- those are auction prices, and they are referenced by government agencies in determining the "real" value of things.

Likewise on insurance claims.

Also, note that trade-in values are always awful relative to private party sales. Unless there's no way to do the deal without a trade-in (e.g., not enough cash on hand for a down payment), you are always better off selling the car privately.

__________________
Enjoy it. Destroy it.

Red__Zed

KBB fair trade-in is generally (more or less) black book price. It is pulled from the same data set.

Part of their bad rep comes from user error--everyone puts their car as "excellent," when it generally is not, nevermind it's hard to find someone that cares.




The other consideration with trade-in is tax benefits (which vary by state). I saved $4k or so trading my mustang instead of selling--otherwise I'd have never traded it in.

shawnski

4k tax saving?? What kind of state tax you all have? Or must be 40- 50k mustang as a trade!!

Red__Zed

county alone is 8.5% here

Footloose301

Also, another thing to consider heavily is mileage. Some banks won't even finance a vehicle thats more than 5 years old or has more than 60k on it. So your Z may be worth considerably less once you pass 60k because it'll be harder for the dealer to find a buyer.

For example: I recently bought a Titan for work using Capital One Blank Check and it specifically states that it cannot have more than 60k miles, must be 2007 or newer, and must be from a major dealer such as Chevy, Ford, Dodge, Nissan, Toyota, etc.... not the Uncle Sam's Buy Here Pay Here.

Soooo, luckily my Z has been a garage queen for the past year or so since I've gotten the truck and I'm at 52,7XX miles. Obviously, depreciation is inevitable but staying bellow 60k should help.

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2010 40th Anniversary 370Z

edk370

Weell, the 370 is getting long in the tooth you know?. Time for the Z35 to come out. I know know, that's another thread. I already looked through them. The next Z is still tentative. It may not even be. So hey, the Z34 will be a classic like the FD3S or MKIV...

2011 Nismo#91

My car is priceless, according to KBB. "Vehicle is a low volume model so we cannot set a Trade-in or Private Party value"

edk370

^when it comes to buying a car new, I don't think any manufacturer is "firm" on MSRP. I think that's a myth. Maybe in the beginning of the new, refresh model, they'll be firm. But wait at least 6 months and try to buy it then. I bet you can get the new C7 at a slight discount by the end of this year, mark my word. I looked into getting one, and the Chevy salesman told me something like, "GM will intentionally produce a low volume of this Corvette because it wants to keep the Corvette 'exclusive'..." I was like, "yeah sure" to myself. In 2 to 3 years, the C7 will become ubiquitous and Chevy dealers will discount them a good bit. Even Porsche 911 turbos (997), $150,000 cars, were being sold at or near invoice. Car dealers are not in love with their inventory. If a car dealer is firm on price, then it means that dealer is allocated a very small amount of that model, or they just don't want your business enough.

iamgus_gus

I always purchase my cars a few years used after they are out of the largest depreciation phase. As a very general rule of thumb cars depreciate around 50% in 4 years.

Just a note, 3 weeks ago I bought my 09 370z base (aftermarket 20 inch wheels and stillen intakes) for $17,800 private party no tax in AZ with 44K miles on it.

koeppelnissan

The drop is also regional - with all the snow in the Northeast, Z transactions have been slow, and this will ramp up in the next few months. Also keep in mind that Nissan lowered the price of a new Z last year by $3000. That affects the value of used ones!