Huge Depreciation on G37?
#1
Huge Depreciation on G37?
I bought a '11 g37s auto/nav current miles 4400
MSRP'd at 45k
Estimated trade in value: $34000
That sound about right to you guys? Or is that a lowball offer?
MSRP'd at 45k
Estimated trade in value: $34000
That sound about right to you guys? Or is that a lowball offer?
#5
#7
34k for your car is the most ridiculous BS I've yet came by! Trade in value sucks, and it's non-comparable with a car's actual value. Next time a dealer tells you something like that, that's the moment you know he's taking you for a fool. 34k is what a 2008 G37 with your miles would cost, not an '11.
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#8
I'm sure I don't have to tell you trading in that vehicle on anything other than a McLaren F1 or a Veyron would be financially insane.
34 is a lowball offer. Our cars depreciate like Lexus or Acura. First year hit is pretty big, then it slows down a lot like da mayor said. I wouldn't consider trading one in until it's four years old or more though. If you want to keep upgrading your vehicle, go with a lease instead of a purchase. If you keep the car till the wheels fall off or life forces you to get rid of it, a purchase is better than a lease.
34 is a lowball offer. Our cars depreciate like Lexus or Acura. First year hit is pretty big, then it slows down a lot like da mayor said. I wouldn't consider trading one in until it's four years old or more though. If you want to keep upgrading your vehicle, go with a lease instead of a purchase. If you keep the car till the wheels fall off or life forces you to get rid of it, a purchase is better than a lease.
#9
I think 34K is not bad. You might be able to get a little more.
For those who think that this is a low ball offer, let look at the numbers:
MSRP-45K
Selling price then = 40K? (you should be able to get one for less than 40K now)
Trade in = 34K + 2-3k dealer profit = 36-37K for a car w/ almost 5K miles.
Will you buy this used car w/ 5k miles just to save 2-3K?
For those who think that this is a low ball offer, let look at the numbers:
MSRP-45K
Selling price then = 40K? (you should be able to get one for less than 40K now)
Trade in = 34K + 2-3k dealer profit = 36-37K for a car w/ almost 5K miles.
Will you buy this used car w/ 5k miles just to save 2-3K?
#12
... Never stepped foot on a Carmax lot again.
#13
#14
Registered User
iTrader: (9)
They downgraded.
The deal they got is no where near where near op was talking about.
Car they bought was another brand & only 24k, they tried to give them alot less, till i told them a range to take on the trade in. Told them at least 26 k, car only had 18k on the odo.
The deal they got is no where near where near op was talking about.
Car they bought was another brand & only 24k, they tried to give them alot less, till i told them a range to take on the trade in. Told them at least 26 k, car only had 18k on the odo.
#15