To buy or not to buy?

ViktorAlkious · 03-02-2012, 10:42 AM

Quote:

Originally Posted by nmjaxx9

Welcome! Let me start off by saying that the Z is definetley a step up from an accord. It def has a larger aftermarket parts scene, and leave it stock and you will still find it very enjoyable for daily driving use. I don't think you will get bored or tired of this car anytime soon. I have had mine for close to 7 moths now, and I love it like the first day I bought it.

Now, the only thing that concerns me is you seem to be paying a very high interest rate, and monthly payment. If you can pay that much a month, and are satisfied with the apr % rate, then I don't see a problem here. However, I think thats kind of high, ,maybe you should shop around to get a better deal? Just my advice, as for your real concern about getting bored of it soon, im sure you won't but I think maybe you need to concentrate on cutting down the price of the vehicle, and possibly the monthly payments/apr.

Roger that we have a few Nissan dealerships in the local area I know they're itching to get rid of this car cause most people coming in that want a Z want the 2012 model. My monthly payment and apr % is main due to the fact that I have little credit so my dad is required to be a cosigner I'm sure if I go back with him we can negotiate they want 36,470 for the car would it be possible to in your eyes to haggle the trade in price or price of the car to possibly lower the monthly payment? I'm not to sure if I would be able to lower the apr % with any other dealer just due to age and credit score.

nmjaxx9 · 03-02-2012, 10:47 AM

Quote:

Originally Posted by ViktorAlkious

Roger that we have a few Nissan dealerships in the local area I know they're itching to get rid of this car cause most people coming in that want a Z want the 2012 model. My monthly payment and apr % is main due to the fact that I have little credit so my dad is required to be a cosigner I'm sure if I go back with him we can negotiate they want 36,470 for the car would it be possible to in your eyes to haggle the trade in price or price of the car to possibly lower the monthly payment? I'm not to sure if I would be able to lower the apr % with any other dealer just due to age and credit score.

Yes! There is def room for negotiation. 36K I think is a little on the high side for a 10' anyways. I got my 2011 base red Z for 36k OTD (out the door) that included taxes, title, registration and fees. If the Z has been sitting on the lot for a while there is a chance the dealer is more willing to negotiate with you on the price. It def helps to have your Dad go in with you. As for the trade in value im pretty sure that will be constant, have you had your accord appraised by them yet? Or they just gave you a rough estimate?

ViktorAlkious · 03-02-2012, 11:49 AM

Quote:

Originally Posted by nmjaxx9

Yes! There is def room for negotiation. 36K I think is a little on the high side for a 10' anyways. I got my 2011 base red Z for 36k OTD (out the door) that included taxes, title, registration and fees. If the Z has been sitting on the lot for a while there is a chance the dealer is more willing to negotiate with you on the price. It def helps to have your Dad go in with you. As for the trade in value im pretty sure that will be constant, have you had your accord appraised by them yet? Or they just gave you a rough estimate?

The dealer wants 36,470 thats with a 6,500 off if I finance with them I understand that its a new car as far as never been owned but I feel like I would be better off buying a 2012 or buying used. The salesman took a brief walk around and looked inside the drivers side of my car then when we were sitting down when he was giving me a quote he told me 10,250 for my trade in and used what I paid on the car as a down payment so I wouldn't have to pay anything out of pocket. I was wondering if I could get the price down to about 30k that said the car has 700 some miles on it he's giving me the car for the weekend today so I'll be able to show my dad and see his opinion of the car.

nmjaxx9 · 03-02-2012, 02:28 PM

Quote:

Originally Posted by ViktorAlkious

The dealer wants 36,470 thats with a 6,500 off if I finance with them I understand that its a new car as far as never been owned but I feel like I would be better off buying a 2012 or buying used. The salesman took a brief walk around and looked inside the drivers side of my car then when we were sitting down when he was giving me a quote he told me 10,250 for my trade in and used what I paid on the car as a down payment so I wouldn't have to pay anything out of pocket. I was wondering if I could get the price down to about 30k that said the car has 700 some miles on it he's giving me the car for the weekend today so I'll be able to show my dad and see his opinion of the car.

What is the trim of the car? Sports? Touring?

So with a trade in im guessing you will be paying around 26,000, or financing that amount correct?

bvl · 03-03-2012, 07:31 AM

Quote:

Originally Posted by ViktorAlkious

The dealer wants 36,470 thats with a 6,500 off if I finance with them I understand that its a new car as far as never been owned but I feel like I would be better off buying a 2012 or buying used. The salesman took a brief walk around and looked inside the drivers side of my car then when we were sitting down when he was giving me a quote he told me 10,250 for my trade in and used what I paid on the car as a down payment so I wouldn't have to pay anything out of pocket. I was wondering if I could get the price down to about 30k that said the car has 700 some miles on it he's giving me the car for the weekend today so I'll be able to show my dad and see his opinion of the car.

Unless its a loaded ZR, I think that price is high. Yes its been untitled but its a 2+ year old car, with 800 miles on it. They sound like they are taking advantage of your age/lower credit if all you can get is 4+% on a loan (I refinanced my used load at 2.49% last year and its gone down .5 points since). If the deal is only in place if you finance with them I would walk, especially if you can get your own financing for less. Have that prepared ahead of time (pre-approved for say 30K at 2.9%).

They make you deal and offer, but they want 4.x%. Say the price (deal) is the same no matter what. If they can get you 2.9% financing then fine. Otherwise you use your own financing and you agree to the price (deal) of the car.

Separate sale price and financing. Always.

For reference I picked up my loaded ZR manual for 37.5 with 2400 miles on it about a year ago. I am surprised they never were able to sell it back when Nissan had 5+K incentives for Roadsters last year.

Now I picked mine up used which means they likely did not give someone more then 35K on trade, and still made money. For a new car, they are likely taking a loss at that number and may not want to move at all. Sucks but its the reality of the business.

Good luck,

- b