anyone here got there trade in value from kelly blue book...??
i was thinking about trading my 2k1 for a 2k3...but i don't think it's gonna be worth it...

 

Well the dealers I've been to have basically been willing to give me 17k for my 2k2. So that should give you some idea. Everywhere is different though.

 

Yep some guy just got 22,000 for his 2002 SE but that was loaded with Nav and every option. I was amazed to get 16,000 for my 2002 WRX with 45,000 miles.

 

I work at a dealership
how many miles are on your car...leather...what do you have on the car
and kbb is always wrong...you never get what your car is worth

 

I have a 2002 SE fully loaded w/Nav (30,000) Dealer said approx $18,000 in the NW Chicagoland area.

 

$15,000 as of last week.

 

www.kbb.com

From what I can tell, they always seem a) optimistic on actual car value, and b) on the dealers' side for trade-in.

 

KBB is a joke. It's a publication made solely for the benefit of the dealer. Their retail values are inflated, and their trade in values are way low. It's basically a dealers "wish list" for cars. Read the fine print sometime. It basically says that their values take into account things like dealers commissions, advertising, preparing the car for sale, etc. Basically the cost of keeping the dealers lights on. That's BS. If you want a really accurate value, use the NADA. It's the only publication approved and established by an act of congress. NADA is what cars actually SELL for, NOT what the dealer HOPES to get, which is why NADA is always lower than KBB. Just my $0.02.

Lloyd

 

you hit the nail right on the head.
ppl always come into our dealership and look up the kbb before they get in there. But the thing is we always price our cars below kbb and give the ppl less money fgor there cars...
its just how it works.
It sucks but we need to make money

 

i got 27,000 miles....base 2k1 SE
thanx

 

and??

 

base 2k1 SE...no leather..no bose...no moonroof...16" alloy...auto...great condition..
mostly stock for now...

 

the trade in valve sux
kelly's said on $10,610 at 57500 w/moon roof alloy and non bose

 

ouch....that sux..

 

I'd keep the car and go with SC. I was thinking about that too for a while, but the trade-in/resale value for 5th gen is horrible. I hate Nissan for what they did

 

What did Nissan do exactly?

 

Well, it's exactly not their fault. I did this to myself - buying a 2k1 max. I beleive the trade-in is the way it is now because of, I am strictly talking about 2k and 2k1, Nissan's introduction of new Altima and more powerful and feature packed 2k2 and 2k3 max.

I am sure that there are many other factors, but this much in depricition is absurd. Lucky are those who leased 2k or 2k1.

 

Oh, I see what you are sayin. Yeah, I'm sure that's a hard pill to swallow. I'm thinking about trading up my 2K2 for a 5-series in a few years. Talk about a car that holds its value...

 

...or those who purchased a 2k/2k1 in 2k2!

Saving about 12k off the original sticker.

 

True, true....

I think I'll be sticking to more main stream brand (like Honda) or luxury brand (like BMW) next time around. Don't get me wrong Maxima is a great car, but Nissan was in trouble for a while and they had to prove themselves worthy by introducing new products like Altima, Murano, G35, FX, etc. think about it all these came out within a year or two. I mean they are great products, but they are also kick in the butt for owners of the "last" generation products.

 

hehe man you're gonna get raped on the trade in, and the second the 6th gens come out you gonna get raped on again on the 2k3

 

i dont think i would buy another nissan again. I love their cars, but the depreciation is just too much to bare. To pay 28k and then 2.5 years later have it worth half as much is just crazy. Looking at the FMV for other cars and comparing it to the max is a heartbreaker. I wanted to trade or sell my max and get a differnet car, but after finding out its value, i think i'm just gonna keep the max till it dies on me.

 

the reason why not just nissan all cars are depreciating really fast is because of the 0% ****
See if you can go to a dealership pay cash for a used 2002 then its cheaper then a 2003.
but if you finance its cheaper to get the 2003 then the 2002.
So thats why they are priceing the used cars lower.
I bet once this 0% **** is gone our cars will be worth a little more
i mean think about it

 

I think the bad re-sale is due to supply and demand. Nissan killed the market for the Maxima with the Altima. Alot of potential Max buyers went that way and continue to do so. Don't get me wrong, I think the demand was slipping before Altima came out.

Example: my 7 year old GMC truck is worth about $11,000 in trade on a new truck. That's pretty good if you think about the deals on new ones. My truck is not a better vehicle in quality or design than my Max, in fact, it's much worse. The difference is that everybody is buying trucks now.

So I don't think the interest rate is the only reason for the value drop. It sure as heck ain't helpin' tho. I just can't believe that a 1 year old car with 240 hp that is as nice as a Max isn't worth more.

 

well thats ture too.
I was just saying part of the reason.
There are prolly more reasons out there
but there 2 reasons now
haha

 

In my opinion the V6 Altima is killing the Maxima - in fact for 2004 it has basically replaced it as their "4 door sports car" and the Maxima has moved into a new larger car category.

When they redesigned the Altima and added a V6 there was no more room for the Maxima.

Nissan keeps competing with themselves - I really don't understand it.

 

haha.
thats the truth
the V6 altima i think looks bad ***
the 4cyl don't look taht good

 

Have you actually priced it somewhere or just going by the book? The difference could be staggering.

 

From a resale perspective, my 2k2 auto w/Bose 6CD and moonroof is listed on kbb ( trade-in value ) as 15,575 ( 18k Private Party value ) whereas on NADA it's listed as 19-22k for my area. NADA vs kbb Private party value is actually pretty close with kbb being on the lower side of the spectrum. It all depends on what the dealer is willing to negotiate to get a sale.

 

Yea I actually priced it. Surprised me.

 

Well, I am on the trend of trading or selling myself until I called the finance co. to find out I still owe 17K on the 00SE base. I want trade in for a G35 coupe but I figured I dont want to be upside down nor do I want to pay a penny more than I am paying per month. Like SimonTX said: Nissan is competing against itself. Let's see:
What do you want to buy:
Altimas around 23-25k
Maximas around 23-28K
Murano around 30K
Pathfinder around 30K (dont forget the Xterra w/same room as the Path)
Z around 30-35
G 35 coupe around 30-35

These numbers are just roundabout but just to give you an idea of what Nissan is doing to itself. In its race to prove itself, it lost sight of the competition and began to compete internally. If I pull up in a Z and you pull up in a g35 coupe...are you thinking what I am thinking?

 

Yup