Honda dealersip offered

Swift · 08-08-2012, 12:12 PM

Right now (in my area), dealers are selling used 2011 sports base 370z's < 3k miles for about $30k. You figure they make ~$1k profit, so an offer to buy at $29k is about what'd you'd expect trading it into a dealer.

Of course, you'll make a lot more money if you sell privately so I'd go that route.

gsxr750 · 08-08-2012, 02:59 PM

I paid $33k for my new 2012 pearl, manual sport package in January 2012. The 2011 model would be a better deal at around $25k-$26K, this is the real amount the dealer paid for the car.

Kelly Blue Book shows the current value of the car to be $35K retail , $30K trade in. Subtract the $35k - $30k = $5k price spread. Now subtract the $5k - $30K trade in vaule = $25k dealer wholesale price. This is the best way to calculate the dealer whole price or cost they paid for the car.

Also take into account you will be able to buy a new 2013 Z with the same package for around $33-$34k shortly and the 2011 model is going to be almost 2 yrs. old shortly and value on a 2010 model equiped the same is only $28k trade in.

Cmike2780 · 08-08-2012, 03:06 PM

The Z is holding it's value surprisingly well. OP, it's a fair value if you sell it at the dealer, but I would def sell it on your own if you have the time. You'll get a lot more for it and the person who buys it from you will get a better deal than buying from the dealership. Go to Edmunds or Kelly Blue Book and see what it's worth to buy, sell or trade.

Telephone · 08-08-2012, 04:15 PM

How soon can you find a private buyer that will pay 30k+ for your car?

No disrespect, but I rather buy a brand new 2012 OTD for 36k than buy your 2011 for 30k + tax/title/fees.

Just saying.

Cmike2780 · 08-08-2012, 04:31 PM

Quote:

Originally Posted by Telephone

How soon can you find a private buyer that will pay 30k+ for your car?

No disrespect, but I rather buy a brand new 2012 OTD for 36k than buy your 2011 for 30k + tax/title/fees.

Just saying.

If it's equipped the same, you may have a point, but if it's fully load Touring/Sport for $30k, it's still a great deal. 36k OTD sounds really low for a Touring/Sport. You're talking about getting a nearly $40k car for around $32k.

Edit: If it's a Base/Sport. $30k with TTL comes out to around $32,500 (($30k+$600+$500)+8%tax). Still significantly cheaper than $36k OTD.

Telephone · 08-08-2012, 06:08 PM

Quote:

Originally Posted by Cmike2780

If it's equipped the same, you may have a point, but if it's fully load Touring/Sport for $30k, it's still a great deal. 36k OTD sounds really low for a Touring/Sport. You're talking about getting a nearly $40k car for around $32k.

Edit: If it's a Base/Sport. $30k with TTL comes out to around $32,500 (($30k+$600+$500)+8%tax). Still significantly cheaper than $36k OTD.

Check your math. 8% of 30k is $2400 alone. My sales tax is 8.75%. I was in the buyer's situation in Feb when I bought my 12. Plenty of used Zs in the area, but I chose new considering it's a 370z with no history and all the fixes that the 2012 model has.

The dealer is giving a fair price and making this easy. I see this as an open door for him. In 4-5 months the car will be 2 years old and they won't give 29k. He'll take a loss either way.

I know he'd rather hear..."list it privately, someone will pay 34k". Maybe so...one born every minute.

SS66 · 08-08-2012, 04:32 PM

Quote:

Originally Posted by Telephone

How soon can you find a private buyer that will pay 30k+ for your car?

No disrespect, but I rather buy a brand new 2012 OTD for 36k than buy your 2011 for 30k + tax/title/fees.

Just saying.

Their is always a buyer. Always. If I don't get a price I still own the car. It is no biggie. I would just like that extra space in the garage.

SS66 · 08-09-2012, 09:11 AM

Quote:

Originally Posted by Telephone

How soon can you find a private buyer that will pay 30k+ for your car?

No disrespect, but I rather buy a brand new 2012 OTD for 36k than buy your 2011 for 30k + tax/title/fees.

Just saying.

I understand your point. But If someone paid cash I am sure I can ease the tax pain for them with out putting up any red flags. Lets say I got lucky and sold it with the Gold Preferred warranty for 31000. I would walk away with less than a G in monetary loses. Since I have owned the car since April of 2011 I think I can live with that loss. Again, and free up some garage space.

ERZperformance · 08-08-2012, 04:18 PM

If you don't mind me asking... why are you trading or selling your Z to the dealership? It seem to have really less mileage.

SS66 · 08-08-2012, 04:27 PM

Quote:

Originally Posted by ERZperformance

If you don't mind me asking... why are you trading or selling your Z to the dealership? It seem to have really less mileage.

I saw they had 2011 red sport with 3500 miles on the lot for 32000. I would have sold them mine if they offer was better. I know I will sell it privately. Again if the easy dollars were there I would have had no problem with them cutting me a check. But in my heart I knew they were a dealership business to make money.

Cmike2780 · 08-08-2012, 06:40 PM

Sorry. Typo. I meant 30k with ttl included already. Around the number the dealer was offering.

SS66 · 08-09-2012, 09:22 AM

Quote:

Originally Posted by Cmike2780

Sorry. Typo. I meant 30k with ttl included already. Around the number the dealer was offering.

Another thought would be try and push the dealer to 29500 and cash in my Gold Preferred Warranty.

SS66 · 08-09-2012, 09:27 AM

Thanks all for your input. I think it is time to either fish or continue to cut bait.

SS66 · 09-19-2012, 10:52 PM

The car sold today and I was paid 31250. In the end I wwas happy and the buyer was happy. Win Win.

Mt Tam I am · 09-19-2012, 11:05 PM

Good job. It did not take all that long to net an extra $2250.

08-08-2012, 03:06 PM	#3 (permalink)
Cmike2780 A True Z Fanatic Join Date: Jun 2010 Location: Long Island Posts: 5,059 Drives: slowwww Rep Power: 31	The Z is holding it's value surprisingly well. OP, it's a fair value if you sell it at the dealer, but I would def sell it on your own if you have the time. You'll get a lot more for it and the person who buys it from you will get a better deal than buying from the dealership. Go to Edmunds or Kelly Blue Book and see what it's worth to buy, sell or trade. __________________ [09][MB][6-Spd MT][Touring][Stillen Gen III][K&N][Borla CBE][Evo-R] [ArchitTEK Photography]

08-08-2012, 04:18 PM	#9 (permalink)
ERZperformance A True Z Fanatic Join Date: May 2009 Location: Hayward Posts: 3,015 Drives: Nissan GTR Rep Power: 24	If you don't mind me asking... why are you trading or selling your Z to the dealership? It seem to have really less mileage. __________________ http://www.cntracing.com http://www.ERZperformance.com 800-363-8599

08-08-2012, 06:40 PM	#11 (permalink)
Cmike2780 A True Z Fanatic Join Date: Jun 2010 Location: Long Island Posts: 5,059 Drives: slowwww Rep Power: 31	Sorry. Typo. I meant 30k with ttl included already. Around the number the dealer was offering. __________________ [09][MB][6-Spd MT][Touring][Stillen Gen III][K&N][Borla CBE][Evo-R] [ArchitTEK Photography]

09-19-2012, 11:05 PM	#15 (permalink)
Mt Tam I am A True Z Fanatic Join Date: Jun 2010 Location: California Posts: 10,709 Drives: 370Z T/S/N 6MT & XKE Rep Power: 3845	Good job. It did not take all that long to net an extra $2250. __________________ "Does the carpet match the drapes? NO!!! I don't date bald women." Nissan Motorsports 34R Oil Cooler. Stillen CBE. Hotchkis Sport Sway Bars. KW Variant 3 Coilover System. Stillen Gen3 CAI. Michelin Pilot Super Sport. Stillen Brake Ducts. Carbotech™ XP10/XP8 Pads. Z1 Front Rotors. Z1 Stainless Brake Lines. Two degrees of camber

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08-08-2012, 12:12 PM	#1 (permalink)
Swift Base Member Join Date: Jan 2009 Location: DC Posts: 5 Drives: 11 GTI Rep Power: 18	Right now (in my area), dealers are selling used 2011 sports base 370z's < 3k miles for about $30k. You figure they make ~$1k profit, so an offer to buy at $29k is about what'd you'd expect trading it into a dealer. Of course, you'll make a lot more money if you sell privately so I'd go that route.

08-08-2012, 02:59 PM	#2 (permalink)
gsxr750 Enthusiast Member Join Date: Jan 2012 Location: west Posts: 443 Drives: 2012 370z man. sport Rep Power: 15	I paid $33k for my new 2012 pearl, manual sport package in January 2012. The 2011 model would be a better deal at around $25k-$26K, this is the real amount the dealer paid for the car. Kelly Blue Book shows the current value of the car to be $35K retail , $30K trade in. Subtract the $35k - $30k = $5k price spread. Now subtract the $5k - $30K trade in vaule = $25k dealer wholesale price. This is the best way to calculate the dealer whole price or cost they paid for the car. Also take into account you will be able to buy a new 2013 Z with the same package for around $33-$34k shortly and the 2011 model is going to be almost 2 yrs. old shortly and value on a 2010 model equiped the same is only $28k trade in.

08-08-2012, 04:15 PM	#4 (permalink)
Telephone Enthusiast Member Join Date: Dec 2011 Location: San Diego, CA Posts: 297 Drives: 2012 Sport M6 Rep Power: 15	How soon can you find a private buyer that will pay 30k+ for your car? No disrespect, but I rather buy a brand new 2012 OTD for 36k than buy your 2011 for 30k + tax/title/fees. Just saying.

08-09-2012, 09:27 AM	#13 (permalink)
SS66 Base Member Join Date: Apr 2011 Location: Overland Park, Kansas Posts: 165 Drives: 2011 370Z SP m6 Rep Power: 16	Thanks all for your input. I think it is time to either fish or continue to cut bait.

09-19-2012, 10:52 PM	#14 (permalink)
SS66 Base Member Join Date: Apr 2011 Location: Overland Park, Kansas Posts: 165 Drives: 2011 370Z SP m6 Rep Power: 16	The car sold today and I was paid 31250. In the end I wwas happy and the buyer was happy. Win Win.