2009 370Z Touring Trade In

Redglare · 01-21-2014, 08:41 AM

Quote:

Originally Posted by Despoil0405

I currently own a 2009 370Z Touring with 33,000 miles. I've greatly enjoyed driving my Z but I believe its time to switch to a vehicle with more mpg, seating room and that's safer to drive in inclement weather. I'm trying to decide what I should do with regards to trading in my Z. Your advice is greatly appreciated.

Currently Owe: $26,000
KBB Good Trade In: $23,803
Dealer Trade In: $22,000
Warranty Refund: $1,000
Total Trade In: $23,000

So I would be taking a $3,000 hit to walk away and purchase another vehicle of my choice.

I'm curious if I would be better off waiting until June to trade in my Z. The vehicle would have approximately 42,000 miles then but my loan would be down to $24,000. I'm assuming demand (and perhaps trade in) goes up in the summer for Z's? I live on the East Coast (VA).

Thanks all.

You would be taking a risk for sure, hard to say if the demand will go up or down. Generally speaking it should go up like you say, but at the same time the market is getting a ton of new sportscars, and who knows what kind of deals will be floating around on 370's at that time. Personally watching prices on used z34's, they've been on a steady decline.

While you may be able to get slightly more it will most likely be offset by higher mileage.

I would find a suitable replacement and negotiate a higher trade in or lower the price of the replacement car to where the hit won't be as hard. The longer you wait the less the car will be worth.

What kind of a replacement are you thinking?

Mt Tam I am · 01-21-2014, 09:48 AM

$3000 is a lot to offset the gas savings of a new car.

FuTuRe is Z · 01-22-2014, 12:29 AM

Quote:

Originally Posted by Mt Tam I am

$3000 is a lot to offset the gas savings of a new car.

I did the math, at most he could conceivably save himself $70 a month on fuel costs by switching cars. This takes into consideration lower octane requirements and miles per gallon. It would take him 3 years to recoup the $3000 trade in hit.

That said on a low interest loan it'll up the payments by about $45 a month depending on the duration of the loan. If you need better fuel economy and more room look for a used vehicle you can save yourself quite a bit because depreciation has already been factored in and in some respects you can "recoup" your loss.

01-21-2014, 09:48 AM	#2 (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: 3844	$3000 is a lot to offset the gas savings of a new car. __________________ "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

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
370Z For Sale 2009 MB Touring FS/Trade	zcoupe09	370Z For Sale	3	11-29-2011 01:22 PM
2009 370z trade in for 2011	kidkotic2001	Nissan 370Z General Discussions	19	05-23-2011 06:39 AM
Trade in 08 TL w/Nav for touring/sport 370z, possible to pay same payment ? HELP	tonybui	Nissan 370Z General Discussions	13	05-25-2009 09:39 AM