Appraise my G37...
Appraise my G37...
Just curious how much you think I should ask for my car if I were to sell it...not that I'm planning to right now, but who knows in the near future...I'd find this information interesting...
Here are the facts:
- Premium/Nav/Tech/Spoiler
- Formula 1 Pinnacle Tint included ($350 value)
- All weather mats included
- Putting on about 750 miles per month
- No exterior imperfections whatsoever
- Oil changed as recommended
- OB/Graphite
Here are the facts:
- Premium/Nav/Tech/Spoiler
- Formula 1 Pinnacle Tint included ($350 value)
- All weather mats included
- Putting on about 750 miles per month
- No exterior imperfections whatsoever
- Oil changed as recommended
- OB/Graphite
I'd say about $5k less than what you paid as soon as it left the dealership and then $2-5k less per year. In my experience it doesn't really matter if you have tint, perfect exterior, etc. It matters if the exterior is all screwed up but if it's reasonable to perfect I've seen the cars treated the same in appraisal.
I based my numbers on Infiniti financing says the 2 year residual value on the g37 is 72%. That means if the car was worth $42,000 when purchased, it will be worth $30,240 two years later for an $11,760 dollar deprecation, or $5880 per year for the first two years. From that I estimated a bigger chunk comes off when the car goes from being new to used.
I based my numbers on Infiniti financing says the 2 year residual value on the g37 is 72%. That means if the car was worth $42,000 when purchased, it will be worth $30,240 two years later for an $11,760 dollar deprecation, or $5880 per year for the first two years. From that I estimated a bigger chunk comes off when the car goes from being new to used.
It's tough to call at this time however residual from the banks won't be accurate for trade and private sell value. I will say that these "great deals" everyone is getting on these vehicles will affect trade and resale values in the marketplace later. This is why Ford for example has horrible resell value; why buy used when you can get new with a $4k rebate. There is insufficient data to accurately appraise these coupes today with only repos and unwinds in the bank and dealer auctions available now. It should start populating and you'll have an idea for value within a few months.
Regarding residual values, I read that they set them at a rate with a margin to 'protect' themselves. For example, if they think the G37 will lose 40% of its value in 3 yrs, they'll set the residual at 57% (meaning you pay for 43% of the car instead of 40%). Of course it's not an exact science, as things don't always happen the way they think they will. The extra margin is to minimize their risk.
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My calcs come up with about $28,428.40 trade and $33,707.96 selling it outright. Just a guess and prolly a little conservative since the G37 is a current model.
Give it a try it with your actual milage...
2007 g35 with similar equip
Invoice: 35,807.00
Excellent trade in w/ 12k mile $24,975 or 70% of invoice
Excellent Private sale w/ 12k mile $29,595 or 83% of invoice
2008 g37s
Invoice 40,612
X 70% for trade in = $28,428.40
X 83% for private sale = $33,707.96
Give it a try it with your actual milage...
2007 g35 with similar equip
Invoice: 35,807.00
Excellent trade in w/ 12k mile $24,975 or 70% of invoice
Excellent Private sale w/ 12k mile $29,595 or 83% of invoice
2008 g37s
Invoice 40,612
X 70% for trade in = $28,428.40
X 83% for private sale = $33,707.96
...and again, not that I'm planning on doing it right now...at least that's what I think...still love my car
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