New Car Buying 101. Please Read Before Buying Your Nissan 370Z

lacarnut · 10-18-2012, 03:51 AM

I have bought many new cars. The last three have been over the internet from out of state dealers and one of them was delivered. The other two, I picked up. The most memorable purchase was a 1989 Toyota SC. I negot. for 6 hours and finally got them down to my price. It was raining cats and dogs and I was their only customer for the day. They bought me lunch and a pack of cigs.

Slikshoes · 10-18-2012, 11:19 AM

Here's how I would buy a 370z.

Go in the Auto Dealership knowing the following. 1. Your credit 2. Your down payment 3. Cost of the car on Invoice value.

Go and offer them a deal. Don't negotiate one. Say, here is what i would like to offer you. I have such and such credit, and here's my downpayment and here's my offer price.

DO NOT DISCUSS MONTHLY PAYMENTS!!

It's that simple, but yet it took me 2 hours to go through. I just didn't go into discussion or negotiaton about anything else. I just said, here's my offer. I went to three other dealerships already and just looking to see who accepts. If they don't agree, you leave. But it's about offering the right amount price.

I Live in California, and purchased the 370z in 2011. It's stick shift, sports package. no leather. No GPS. and If I remember correctly, offered 31K for the car. Anyway, the tax came close to 3grand I think, plus a few hundred for other stuff. OUT THE DOOR I PAYED 35,200 for it I belive. Which is not over priced, but also not the greatest bargain either. But was just right for me to accept. I prob. could have gotten it for 34,200, if I really tried hard enough. But it's stressfull process and wanted to take it home already.

Downpayment: $16,000
Credit rating: Excellent
APR qualified for: 3.4%
Monthly TERM: 48 Months
OTD 35,200
2011 370z Sports Backage/Silver/Stick Shift

kfull · 10-22-2012, 04:17 PM

I got 0% financing on my z but I still put 9k down. It was just personal preference. I just wanted to take a little chunk out of what I owed. I had the money saved at the time so I just did it

HamZ · 10-23-2012, 05:48 AM

Quote:

Originally Posted by kfull

I got 0% financing on my z but I still put 9k down. It was just personal preference. I just wanted to take a little chunk out of what I owed. I had the money saved at the time so I just did it

What month did you get the 0%? Thats what I'm looking for..

kfull · 10-23-2012, 09:06 AM

Quote:

Originally Posted by HamZ

What month did you get the 0%? Thats what I'm looking for..

It was back in march of this year. I don't know if they do it every year... It might have been a one time promotion type of thing. Others might know better.

Haboob · 10-22-2012, 06:14 PM

Yeah, I had to walk out yesterday. They want to give me like 2100 for my SRT, so he went and said that they were going to put all of these add-ons on the Z (first price he told me was 37,150 mind you) and it totaled 38,800, then he said he'd bump it down to 37,784... I was like, wait a minute...

There's no way I'm paying sticker for a car, nor am I going to let them put 1500+ in adds that I don't want, nor do I need.

I had one dealership refuse to even ask for a picture of the car that they were going to get, on top of them wanting me to sign before ever seeing the car - then he told me that I should have just ordered it a long time ago then (being that if I ordered now I wouldn't get it until mid-Jan). Sometimes these salesmen are just ********.

LakeShow · 10-23-2012, 09:09 AM

Usually there are never any incentives or offers on the Z, but surprisingly for a few months 0% was offered which has never been done before.

HamZ · 10-23-2012, 11:55 AM

Quote:

Originally Posted by LakeShow

Usually there are never any incentives or offers on the Z, but surprisingly for a few months 0% was offered which has never been done before.

Yikes.. not liking my chances then.

Haboob · 10-23-2012, 06:09 PM

Quote:

Originally Posted by LakeShow

Usually there are never any incentives or offers on the Z, but surprisingly for a few months 0% was offered which has never been done before.

They were offering $500 off this past weekend.

Yet, they'll put $200 in floor mats or more expensive adds on to counter that.

C4talyst · 09-15-2013, 12:28 AM

I read this thread years ago and thought about it while buying a new car for my wife today...glad to come back and see it's still pinned!

(Wife's care was nothing too special, 2014 Honda CR-V; number 1 choice among soccer moms.)

InnerDragon10 · 04-08-2014, 08:30 AM

About to take the plunge... I'm going into a dealership tomorrow to try to walk away with the internet price (just over $40K) for a new '14 black Nismo! Of course, I haven't revealed that I'll be financing with my credit union (1.74% APR, um yes please) and dropping a wad of cash as well (somewhere between 10 and 20...).

I already know its going to be an all out war to maintain that 'internet price' since fine print reads that you can't get that without financing through Nissan (you lose $2,000 in rebates). But I've been in conversation with this guy for 2 weeks now and visited/test drove once already. Couple things in my favor:
-He's invested time in talking with me and now feels that I'm ready to buy - if I walk, it'll be a huge waste of his time. And I have NO problem walking and telling him I have an appt. with a different dealership this Saturday.
-He's offered to 'make an amazing deal' since the one he's trying to sell does not have the backup camera that I expressed over and over again was the ONLY feature I cared about. So, I'm buying a car that does not have the features I wanted? Better make it worth it for me...
-I'm doing HIM a favor by potentially purchasing a car that is already on the lot (i.e. he gets to drop his inventory count instead of special ordering one)
-He happened to mention that the 370Z Nismo we test drove in was sitting in the show room and now has been used as the test drive model for a couple months now... So, you're telling me that they're not selling very well, huh? :grin:
-I'm going to Carmax to get my current car valued - I researched and stumbled across some info that said Carmax gives pretty good buy back values on cars, so I can use it to compete with whatever trade offer Nissan tries to give me.

I've been through a dealership experience once before and got run over by the salesman and manager... Not going to happen again. And uh, dont tell the Nissan rep, but I AM driving away with that Nismo at the price I want; its just a matter of whether he wants to make a sale or not :-)

If successful, I'll be sure to post what I paid for everything and how I got away with it.

Fingers crossed.

Spoiler · 07-02-2015, 11:35 AM

As a professional procurement manager all of my working career, and one who has bought over 30 new cars, I find this a fun thread. Very educational and very true in most things stated.

Can't add much to it, but here's a take away....

-Don't ever be reluctant to ask for a better price or for something at no additional charge
-All things are negotiable
-Don't be afraid to walk away
-A purchase has to work out for both the buyer and the seller...

10-23-2012, 09:09 AM	#7 (permalink)
LakeShow A True Z Fanatic Join Date: Dec 2010 Location: L.I., NY Posts: 5,307 Drives: Everything Rep Power: 26	Usually there are never any incentives or offers on the Z, but surprisingly for a few months 0% was offered which has never been done before. __________________ \|2013 Audi S4\|Ibis White/Black\|S-Tronic P+\| \|2013 370z\|PearlWhite/Persimmon\|Touring/Sport/Nav\|F.I. CBE 18" CF\| \|Sold\|2011 370z\|Gun Metallic\|Touring/Sport/Nav\|

04-08-2014, 08:30 AM	#11 (permalink)
InnerDragon10 Base Member Join Date: Mar 2014 Location: USA Posts: 90 Drives: '14 Black 370Z Nismo Rep Power: 12	About to take the plunge... I'm going into a dealership tomorrow to try to walk away with the internet price (just over $40K) for a new '14 black Nismo! Of course, I haven't revealed that I'll be financing with my credit union (1.74% APR, um yes please) and dropping a wad of cash as well (somewhere between 10 and 20...). I already know its going to be an all out war to maintain that 'internet price' since fine print reads that you can't get that without financing through Nissan (you lose $2,000 in rebates). But I've been in conversation with this guy for 2 weeks now and visited/test drove once already. Couple things in my favor: -He's invested time in talking with me and now feels that I'm ready to buy - if I walk, it'll be a huge waste of his time. And I have NO problem walking and telling him I have an appt. with a different dealership this Saturday. -He's offered to 'make an amazing deal' since the one he's trying to sell does not have the backup camera that I expressed over and over again was the ONLY feature I cared about. So, I'm buying a car that does not have the features I wanted? Better make it worth it for me... -I'm doing HIM a favor by potentially purchasing a car that is already on the lot (i.e. he gets to drop his inventory count instead of special ordering one) -He happened to mention that the 370Z Nismo we test drove in was sitting in the show room and now has been used as the test drive model for a couple months now... So, you're telling me that they're not selling very well, huh? :grin: -I'm going to Carmax to get my current car valued - I researched and stumbled across some info that said Carmax gives pretty good buy back values on cars, so I can use it to compete with whatever trade offer Nissan tries to give me. I've been through a dealership experience once before and got run over by the salesman and manager... Not going to happen again. And uh, dont tell the Nissan rep, but I AM driving away with that Nismo at the price I want; its just a matter of whether he wants to make a sale or not :-) If successful, I'll be sure to post what I paid for everything and how I got away with it. Fingers crossed. 370zseth likes this. Last edited by InnerDragon10; 04-08-2014 at 08:39 AM.

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
FAQ: Please read this before asking a 370Z related question	invazn	Nissan 370Z General Discussions	24	10-04-2011 07:05 AM
Who's buying an Auto w/Paddle Shifters?	Nissan370z	Nissan 370Z General Discussions	51	09-07-2010 02:34 AM
Unhappy people watch TV, happy people read/socialize, says study	AK370Z	The Lounge (Off Topic)	4	11-16-2008 05:56 AM

10-18-2012, 03:51 AM	#1 (permalink)
lacarnut Base Member Join Date: Jul 2012 Location: Baton Rouge, LA Posts: 30 Drives: 2011 Infiniti G37- Rep Power: 13	I have bought many new cars. The last three have been over the internet from out of state dealers and one of them was delivered. The other two, I picked up. The most memorable purchase was a 1989 Toyota SC. I negot. for 6 hours and finally got them down to my price. It was raining cats and dogs and I was their only customer for the day. They bought me lunch and a pack of cigs.

10-18-2012, 11:19 AM	#2 (permalink)
Slikshoes Base Member Join Date: Dec 2011 Location: City of Industry Posts: 26 Drives: 2011 370z Rep Power: 14	Here's how I would buy a 370z. Go in the Auto Dealership knowing the following. 1. Your credit 2. Your down payment 3. Cost of the car on Invoice value. Go and offer them a deal. Don't negotiate one. Say, here is what i would like to offer you. I have such and such credit, and here's my downpayment and here's my offer price. DO NOT DISCUSS MONTHLY PAYMENTS!! It's that simple, but yet it took me 2 hours to go through. I just didn't go into discussion or negotiaton about anything else. I just said, here's my offer. I went to three other dealerships already and just looking to see who accepts. If they don't agree, you leave. But it's about offering the right amount price. I Live in California, and purchased the 370z in 2011. It's stick shift, sports package. no leather. No GPS. and If I remember correctly, offered 31K for the car. Anyway, the tax came close to 3grand I think, plus a few hundred for other stuff. OUT THE DOOR I PAYED 35,200 for it I belive. Which is not over priced, but also not the greatest bargain either. But was just right for me to accept. I prob. could have gotten it for 34,200, if I really tried hard enough. But it's stressfull process and wanted to take it home already. Downpayment: $16,000 Credit rating: Excellent APR qualified for: 3.4% Monthly TERM: 48 Months OTD 35,200 2011 370z Sports Backage/Silver/Stick Shift

10-22-2012, 04:17 PM	#3 (permalink)
kfull Track Member Join Date: Mar 2012 Location: Massachusetts Posts: 909 Drives: A lot Rep Power: 15	I got 0% financing on my z but I still put 9k down. It was just personal preference. I just wanted to take a little chunk out of what I owed. I had the money saved at the time so I just did it

10-22-2012, 06:14 PM	#6 (permalink)
Haboob A True Z Fanatic Join Date: Aug 2012 Location: Surface of the sun. Posts: 13,159 Drives: '18 GTI Autobahn DSG Rep Power: 1387	Yeah, I had to walk out yesterday. They want to give me like 2100 for my SRT, so he went and said that they were going to put all of these add-ons on the Z (first price he told me was 37,150 mind you) and it totaled 38,800, then he said he'd bump it down to 37,784... I was like, wait a minute... There's no way I'm paying sticker for a car, nor am I going to let them put 1500+ in adds that I don't want, nor do I need. I had one dealership refuse to even ask for a picture of the car that they were going to get, on top of them wanting me to sign before ever seeing the car - then he told me that I should have just ordered it a long time ago then (being that if I ordered now I wouldn't get it until mid-Jan). Sometimes these salesmen are just ********.

09-15-2013, 12:28 AM	#10 (permalink)
C4talyst Base Member Join Date: May 2010 Location: Virginia Posts: 45 Drives: 2008 Ford Escape Rep Power: 16	I read this thread years ago and thought about it while buying a new car for my wife today...glad to come back and see it's still pinned! (Wife's care was nothing too special, 2014 Honda CR-V; number 1 choice among soccer moms.)

07-02-2015, 11:35 AM	#12 (permalink)
Spoiler A True Z Fanatic Join Date: Jun 2015 Location: Central Florida Age: 65 Posts: 8,409 Drives: 21 Supra -Blk/Red Rep Power: 2684381	As a professional procurement manager all of my working career, and one who has bought over 30 new cars, I find this a fun thread. Very educational and very true in most things stated. Can't add much to it, but here's a take away.... -Don't ever be reluctant to ask for a better price or for something at no additional charge -All things are negotiable -Don't be afraid to walk away -A purchase has to work out for both the buyer and the seller...