Low resale value?
#1
Low resale value?
Brought my 2010 G37s to the dealer the other day to get an idea on what trade-in value would be and they quoted me 22k for it? My car only has 22k miles on it but it seemed very low for the car. What are others seeing out there for resale / depreciation on these vehicles?
#5
Registered User
Doesn't surprise me....especially with a new body style in the pipeline. Verify your valuation at KBB.com. My lease expires this summer on a 2010G37x.....the buy out is $23,500; an amount that I believe will be high relative to market value.
#7
A month ago the Oregon Infiniti dealer gave me 24.5K for a 2010 Sedan G37x with 26,000 miles. It had the Premium and the Navigation add on packages. and new Continental DWS with less than 300 miles on the tires. They put the car on their website for 29.5 K and sold it within a week.
I don't know what they actually got for the car.
I don't know what they actually got for the car.
Last edited by braulioe; 01-23-2013 at 12:14 AM.
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#8
Registered User
iTrader: (1)
HAHA...I just cecked my Value begging of Jan...My car is a 07 with 23,000mi....and the KBB was at 23.5K...Damn sucks! Last Yr my car was worth 27K...Now it went downhill so fast! Sucks! Thought it would hold value a littel better! But with new Body Style coming out....We all need to be prepared for even Less Value!
#11
I definitely expected some depreciation but I thought almost 50% in 2.5 years I've owned it was excessive. I also think that since it wasn't an infiniti dealership it might be lower. Hopefully the 6mt will be something of value in the future.
#12
Administrator
iTrader: (9)
That's probably about 3-4K under fair-market trade value, but that's also what you should expect when taking a car to a dealership for an appraisal of trade-in value. What's really surprising is that you're surprised. Do your own research and never ask a Car Salesman to tell you what your car is worth, because that person's primary motivation is to make money off you.
And what are you talking about when you say almost 50% depreciation? You surely didn't pay $44k for a 2010 G37 6MT. When new, that car had a reasonable dealer sale price around $36k. So unless you're factoring in taxes and fees, your math is goofy. Or unless you're in Canada, or some region where car prices are far higher than around here.
Another tip, pretty sure dealers don't want a G-Sedan 6MT on their lot. It's a difficult car to sell locally because it targets a niche market. You'd be far better off selling it on your own and casting a nation-wide net to a motivated buyer.
And what are you talking about when you say almost 50% depreciation? You surely didn't pay $44k for a 2010 G37 6MT. When new, that car had a reasonable dealer sale price around $36k. So unless you're factoring in taxes and fees, your math is goofy. Or unless you're in Canada, or some region where car prices are far higher than around here.
Another tip, pretty sure dealers don't want a G-Sedan 6MT on their lot. It's a difficult car to sell locally because it targets a niche market. You'd be far better off selling it on your own and casting a nation-wide net to a motivated buyer.
Last edited by Rochester; 01-23-2013 at 09:22 AM.
#13
Registered Member
iTrader: (1)
Mine's down about $5k from purchase price (new) at one year and 6k miles according to the trade in sites. Pretty much what I expected. I would have leased, but here in Texas you have to pay sales tax on total purchase price making the lease not make sense at the time to me. I got the 8 year 100k warranty on mine so it'll stick around until 2020, you really only get the value out of a car when you keep it several years after payoff.
#14
That's probably about 3-4K under fair-market trade value, but that's also what you should expect when taking a car to a dealership for an appraisal of trade-in value. What's really surprising is that you're surprised. Do your own research and never ask a Car Salesman to tell you what your car is worth, because that person's primary motivation is to make money off you.
And what are you talking about when you say almost 50% depreciation? You surely didn't pay $44k for a 2010 G37 6MT. When new, that car had a reasonable dealer sale price around $36k. So unless you're factoring in taxes and fees, your math is goofy. Or unless you're in Canada, or some region where car prices are far higher than around here.
Another tip, pretty sure dealers don't want a G-Sedan 6MT on their lot. It's a difficult car to sell locally because it targets a niche market. You'd be far better off selling it on your own and casting a nation-wide net to a motivated buyer.
And what are you talking about when you say almost 50% depreciation? You surely didn't pay $44k for a 2010 G37 6MT. When new, that car had a reasonable dealer sale price around $36k. So unless you're factoring in taxes and fees, your math is goofy. Or unless you're in Canada, or some region where car prices are far higher than around here.
Another tip, pretty sure dealers don't want a G-Sedan 6MT on their lot. It's a difficult car to sell locally because it targets a niche market. You'd be far better off selling it on your own and casting a nation-wide net to a motivated buyer.
Well said.
The Infiniti G has, and still does hold its value extremely well. Annoying issues like the dodgy 7AT aside, the car is otherwise bullet-proof. As a comparison, my buddy with a 2009 335i has been in no fewer than SIX times to have various fuel pump, and fuel delivery issues replaced because that TT is so troublesome. That's on top of having to get the auxiliary oil cooler installed, etc.
We were out the door for our '09 37S for under $40K. So if you can get high $20's for private sale, that's quite good.
Not to be rude, but who in the world bases their valuation of a car on what a dealer quotes them? The dealer has to turn around, survey, service and prep the car, then add their margin so they can make a profit. They're not out to get you, but it's business.
#15
Registered User
Brought my 2010 G37s to the dealer the other day to get an idea on what trade-in value would be and they quoted me 22k for it? My car only has 22k miles on it but it seemed very low for the car. What are others seeing out there for resale / depreciation on these vehicles?