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selling privately is always better, well most times it is
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#2 (permalink) |
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Base Member
Join Date: Dec 2008
Location: united states
Posts: 199
Drives: Nissan 370z
Rep Power: 259 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
I am noob at selling cars. Can one of you wise guys help me out?
I want to sell my Acura TSX, but it isnt fully paid yet. I think i paid about half the car price through monthly financing, and have two years left to pay out of four year payments. What happends when I do trade-ins? Would i be left with no money because I havent fully paid off my loan payments? Thanks... |
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#3 (permalink) | |
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A True Z Fanatic
Join Date: Nov 2008
Location: nowhere
Posts: 5,478
Drives: 06' Nismo Frontier
Rep Power: 30 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Quote:
talk to your bank that you finance through first, if you currently have a high rate then tell them that you are looking for a lower rate on a new car. If they don't budge, then shop around at credit unions for loan options. Banks are looking for business, but their rates have gotten very conservative and they are only lending to people with experienced credit. Then go talk to the dealer. Tell him/her what kind of options you've been offered after you talk him/her down on the car price, it might swing more leverage towards you, if he can't do better or atleast match the financing. Just a thought.
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#4 (permalink) |
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Base Member
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don't understand why a lot of you put down leasing... if you have the car for a few years or less -- it is usually CHEAPER and involves less hassle.
someone else wanted to know why you would "mod" a leased car.. i modified my 2004 G35 and my 2008 G37... you just take the parts off and sell them or keep them on. what's the difference when you own the car anyway?? i'm still surprised so many people buy new cars... just old school thinking i guess. most people don't keep the car long enough to get the full value of purchasing. then again... it all depends on how the leasing numbers work out with this car. i'm assuming they should be good tho. |
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#5 (permalink) | |
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Base Member
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#6 (permalink) |
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Base Member
Join Date: Dec 2008
Location: NJ
Posts: 111
Drives: 08 Altima Coupe 3.5
Rep Power: 301 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
leasing has its pros and cons, as does financing. but the Z has never been a good car to lease. It has the worst residual value of any nissan model ( not sure bout the GTR). so you really have to sit down and play numbers to see if it finacially makes sense.
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#7 (permalink) | |
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Base Member
Join Date: Jan 2009
Location: Chicago
Posts: 132
Drives: 370z?
Rep Power: 18 ![]() |
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does that mean the z does not hold its value well compared to other nissans? |
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#8 (permalink) |
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A True Z Fanatic
Join Date: Nov 2008
Location: Eugene, OR
Posts: 2,875
Drives: E63 AMG
Rep Power: 229 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Leasing can be good, if you payment is low enough all your doing is paying off most of the depreciation, money that would be long gone whether you bought or leased.
I leased a Lexus IS350 for 3 years, but I got tired of it after only a year and ended up finding somebody to swap with. If I lease again it will be for 24 months, but those are harder to find. |
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#9 (permalink) | |
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Base Member
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i leased my G37 for 24 months... but the money factor was really good for that term so the monthly ended up being very close to the 36/39/ month with the right negotiation... you should be able to lease almost any car for 24 months.. it's just whether or not it makes financial sense. |
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#10 (permalink) | |
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Base Member
Join Date: Feb 2009
Location: Alexandria, VA
Posts: 30
Drives: Black 09 Lexus IS350
Rep Power: 18 ![]() |
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sub |
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#11 (permalink) | |
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Base Member
Join Date: Feb 2009
Location: Alexandria, VA
Posts: 30
Drives: Black 09 Lexus IS350
Rep Power: 18 ![]() |
Quote:
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