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I wish I can,but they are a toyota dealership Wilsonp
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#2 (permalink) |
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Enthusiast Member
Join Date: Jan 2012
Location: west
Posts: 443
Drives: 2012 370z man. sport
Rep Power: 15 ![]() |
$29800 is way too much for the car that is full retail, if you are smart you never pay more than the trade in value for a used car, because it is a well known fact that dealers never really ever pay more than THE WHOLESALE PRICE for a used car when it is traded, unless it is a very low mileage car or a collector item etc.
These are the values for this 370Z 2009 touring Retail $29,800 Private party - $27,000 trade in -$24,300 wholesale -$21,300 They key thing to remember here is that kellybluebook and edmunds used to list the actual dealer wholesale cost of a used car, but they dropped that figure and replaced it with a private party sale price. The factor for determining the actual whole cost of what a dealer paid for the car is to look at the range between all for prices, the example above shows a $3000 price spread between each of the upper figures. Now take $3000 spread and subtract it for the Trade in price of $24,300 - $3000 = $21,300 actual dealer cost. The true cost of what you should pay for this car is between the wholesale and trade in price, $22,300 would actually be a good deal on this car. Dealer makes a $1000 profit which is more than enough. The important thing to remember is that if for some reason you had to sell the car the very next day on a used car or a left over is that no dealer is going to give you more than the wholesale value to take it off your hands. This is some of the dirty little secrets dealers don't want consumers to know. Last edited by gsxr750; 01-22-2012 at 07:47 PM. |
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#3 (permalink) |
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A True Z Fanatic
Join Date: Jul 2010
Location: Virginia
Posts: 1,134
Drives: 2009 Touring Sp Nav
Rep Power: 18 ![]() |
That means they can't give you a Nissan extended warranty, but my Nissan dealer was going to give me a third party warranty to start with. As long as its a company that covers any dealer/garage you would be good.
__________________
2014 Cayman S PDK Sport Chrono White/Black Was 2009 370Z Touring Sport+Nav 7AT Metallic Black/Persimmon Was 1991 NSX Auto Black/Black |
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#4 (permalink) |
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Enthusiast Member
Join Date: Jan 2012
Location: west
Posts: 443
Drives: 2012 370z man. sport
Rep Power: 15 ![]() |
The price you paid isn't to bad if you really wanted the car and it was in perfect condition. As most of the dealers here in Las Vegas are scumbags to deal with, I'm originally from NY and there is no end to the scams dealers try here out west. The nissan dealer up here tried to charge me an extra $1000 for set up and destination and adverstising which is already built into the MSRP already and $450 for documents fee. I had to pay the $450 doc fee but had the price of the car reduced by $450 and I didn't pay the additional $1000 dealer BS charge. Basically at the dealers money talks and BS walks, if you got the funds, you can name your own price as long as the dealer walks way with $500-$1000.
Basically the dealer made about $4000 off you for a used car and my dealer only made $960 on my new 12 370z with sport package manual, $36800 OTD price. In this example you can see that its always better to buy new than used, specially from a dealer. only buy used if its from family, friends or someone you trust privately. Last edited by gsxr750; 01-23-2012 at 12:54 AM. |
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