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Lost Job - Fair Sale Price for '11 G37s ?

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Old 03-21-2011, 12:20 AM
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vedderx
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Lost Job - Fair Sale Price for '11 G37s ?

Picked up a G37s from the dealer, month later. Lost my job.

Needless to say unemployment is not going to cover the car payment.

Car has 402 miles. G37s Auto. Black/Black

Paid 42.5

If I put it up for sale? CL, Autotrader etc. What is a fair asking price?
Old 03-21-2011, 12:28 AM
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da mayor
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what options are in the car? honestly, one owner already $39k i would say if it has prem/nav/sport
Old 03-21-2011, 01:24 AM
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FM37
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use kbb.com for an estimate
Old 03-21-2011, 01:29 AM
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A_Palaroan
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sorry to hear about your job glws
Old 03-21-2011, 01:54 AM
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chuckie311
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eekkk that sucks good luck
Old 03-21-2011, 08:49 AM
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gooddeal
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Wow, it sucks. I don't see an easy way out here. It's cheaper to keep the car if you have enough saving to cover the payment. If you want to get rid of it now, I would guess, 5-7K below invoice.
Old 03-21-2011, 06:17 PM
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vedderx
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Originally Posted by gooddeal
Wow, it sucks. I don't see an easy way out here. It's cheaper to keep the car if you have enough saving to cover the payment. If you want to get rid of it now, I would guess, 5-7K below invoice.
Thanks for the input, didnt know that the car lost that much value. Guess the G's re-sell value is pretty poor. Yes its a Prem/Nav/Sport.
Old 03-21-2011, 06:18 PM
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P Casey
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actually the G holds it value really well, one of the best
Old 03-21-2011, 06:19 PM
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vedderx
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Originally Posted by FM37
use kbb.com for an estimate
2011 is not in the KBB system.
Old 03-21-2011, 06:40 PM
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chuckie311
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car always lose value when you drive them off the lot..

Originally Posted by vedderx
Thanks for the input, didnt know that the car lost that much value. Guess the G's re-sell value is pretty poor. Yes its a Prem/Nav/Sport.
Old 03-21-2011, 07:20 PM
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gooddeal
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Originally Posted by vedderx
Thanks for the input, didnt know that the car lost that much value. Guess the G's re-sell value is pretty poor. Yes its a Prem/Nav/Sport.
Well, you can get this car for about $1500 under invoice w/o much negotiation. With some negotiation and shop around, you can get it 2.5-3k under invoice.

if a dealer gives you 7k under invoice and they need to make 2k after all the expenses (salesman, gas, detail, etc.), they have to sell your car about 4K under invoice. Will you buy a used $37-38K car just to save 1-2k?

If you buy a new car from the dealer, they probably don't care if they're going to make 2K on your old car or not b/c they make money on the new car.

When you buy a car, you should expect at least one year depreciation regardless if it's only a couple months old.
Old 03-21-2011, 08:46 PM
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vedderx
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Gotcha, so a '11 with 400 miles is worth about 34k, is what your saying?
Old 03-21-2011, 08:47 PM
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P Casey
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Originally Posted by vedderx
Gotcha, so a '11 with 400 miles is worth about 34k, is what your saying?
I would offer it at about 38k
Old 03-21-2011, 09:28 PM
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ScottyBeGood
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Are we talking about a coupe or a sedan, don't see it mentioned anywhere.
Old 03-21-2011, 09:33 PM
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gooddeal
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Originally Posted by vedderx
Gotcha, so a '11 with 400 miles is worth about 34k, is what your saying?
Well, I'm not sure what your invoice is but if it's 39K, I think it's really good if you can get 34K.


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