Ok, so when i bought my max, i totally got shafted! I bought the car fo 19k. I know what a rip. But at the time i didnt know what it was worth, and i just wanted a 5spd. So now im fliped on the car and still owe around 17,900. But i have to get rid of it cause im getting married and i dont want a huge car and insurance payment. Would anyone buy this car for 17,900, or am i screwed?

 

You screwed! Could of bought a 02-03 6-speed for that price.

 

You're screwed.

 

I wouldn't.

 

You're screwed.

I guess that's the price you pay for makiing rush decisions without research.
www.edmunds.com
www.kbb.com
www.nadaguides.com

When did you buy the car?

 

If you look on ebay and other places like autotrader.com youll see that 2000-2001 Maxima are selling from 10k to 15k. And the ones for 15k have very low miles, leather perfect condition etc.

If I was you I put it up for sell for 15k and if some sucker bites, take it. Yes this means either way you look at it your going to have to eat at least 4k.

I know, it sucks how fast the value of Maximas depreciate but its true.

 

your screwed
Y dont you just keep it ya payments are hi but you have a good car
or if you sell it will be your loss about 3 or 4k
what to do? your on the spot.
good luck hope you keep the max

 

!!!! 19K?! Ew. That sucks man, i thought i got kinda ripped paying 13k for mine with 72k on it.

 

just keep it till it gets paid down more the max will make an excellent family car and can still be fun to drive(that is why a lot of us have them)

 

I knew it! Crap! Well it is a sweet car, Fully Loaded, all options. Plus i have some mods, and it only has 52k miles on it. But ill just have to deal with it. I appreciate all of your responses guys!

 

Ouch! I bought mine 5 months ago for 13,500 with 39,000 miles on it. Might want to see if you can get your bank/credit union to do a refi on it, might help a little.

 

I feel like a dork!

 

Hey coolmax, i bought it about a year and a half ago. It had around 39k miles on it

 

HoLy *h*T i 19k ?????? I paid 20k for a BRAND NEW 2003 Nissan maxima SE with sunroof power everything hidz and all all i didnt have was leather and bose ! i only got 10k miles on it right now a prolly coulnt sell for 19 k

 

Dont

**** happens. you live and you learn.

If you have extra money during the month try to pay extra on your car note so more will go to your balance instead of interest.

 

you're definetly not gonna get close to what you paid for the max because of the crappy resale value. best bet is keep it, and elope with your fiance it'll be cheaper for the both of you in the end.

 

If you're worried about the payments..maybe you could refinance it. Yeah, you'll be paying on it another 5..6..7 years but it'd probably be cheaper than taking a 4-6k loss on it now.

 

Maybee ill win the lotary or something!!!

 

if you do, everyone who gave advice here should get a piece of the cut!

 

simple, dont get married! Getting married will cost you more than you can sell your car for! (and I dont mean just the wedding, its the wifey that gets expensive...)

 

dayamn. I am embarassed to say what I got for my max a couple of months ago. but on another note, since I am in cali, the average price for a cali spec car is about what I had paid for.

 

what makes a cali spec more expensive?

 

dont ask me. I wouldnt know. when I bought my car, it was the best price for the mileage, condition, etc.

 

Private party vlaue on kbb in Albuquerque is $13,790 w/52k and all options & excellent cond. Trade in value is $11,825 w/same info as above. Make sure you don't get into a crash & total it or get it stolen. I am not sure if you can get gap insurance after you've bought a car but it might be something you want to look into. Don't feel too bad I am burried too. I love my car but I hate being burried in a car. You just never know what the future holds. Whenever a new model comes out it seems hurt all previous gens value unless it's a Honda The miles is what's killing my value. Time to buy a beater to save my max.

Dave
02 Maxima SE
85 El Camino w/Turbo swap

 

Don't sweat it man. Just bear down and pay the car off. If you take care of it properly it'll easily last you 10 years. In order for you to make this whole ordeal worth it, you've gotta keep the car as long as you can and get your $19K worth.

In the long run, $19K isn't so bad. Next time, do your research and buy your cars in cash. It's better to save and make $$ on interest rather than borrow and pay THEM the interest. It takes discipline but once you do it for the first time, it's not so hard after that. I've never had to make a car payment and I don't ever plan on it.

 

Yeah at least it's not a Kia or something. Cobymoby summed it with saying you have to keep it for a long time to get your money out of it. Many of us including yours truly have bought a new car and rolled the negative bal right into the new loan. Not the way to do it but I think many of us get bored with our cars every 2-3 yrs. We should keep them til they're paid off. I don't make enough money to buy a new car cash yet.

Dave
02 Maxima SE
85 El Camino w/Turbo V6 swap

 

So late 2002. Still a little high, but not so bad. That's probably what they went for around here too.
I think you'll have to ride it out. If it really starts feel old, throw in a cheap mod and be happy for some time.
Just use this as a learning expereince, and next use the internet as a excellent research tool.

 

Pro - You got a good sedan (reliable, easy to maintain, room for the family, and lots of mods avaliable).

Con - You over paid.

You gotta do some leg work when you're about to drop that kind of cash. Like someone said before, a quick search on ebay, edmunds, autotrader would give you a price range. Well, at least you'll know for next time.

 

you can never lose with the maxima!

 

Cobymoby is right man. Don't buy something till you can pay cash for it. While it is true that I rarely buy a new vehicle and generally keep mine for 10 or 12 years ... it's because I've always paid cash for mine & my wife's cars.

She = 71 superBeatle for 11yrs then a 92 regal wagon for 14 years then a 96 GMC Yukon.

Me = 73 Chevy Vega Gt for 7 yrs then a 1980 honda accord for 11 yrs then a 91 Max SE for 12 years and now an 03 Max SE.

No time payments on any of these cars .... but then again a lot of this depends on how you were brought up. Other than my house I have never paid time payments on anything!! I just have to live within my means until I can save up the cash to buy something. And believe me when you have the cash, you have a LOT more negotiating power over the dealer.

But then again I never had a car when I was in highschool or in college. I had to wait until I got out to purchase my first which was the Vega.

Mr. Peabody

 

If you like driving a new car every few years, keep miles reasonable, and take care of your car, LEASE!!!

I get constant grief from people telling me how I'm "throwing my money away" on a lease. In the meantime, I'm in a new car for no additional cost and they're explaining to me how they rolled $4k on to a new loan...but they "own it".

News flash: As long as you're paying for it, the bank owns it.

 

Why do you guys have to be so radical. Not many ppl can wait to save enough to pay in cash for a reliable transportation. It is OK to use the credit, thats why it is there for. The only thing is, you gotta use it responsibly.

 

Why not just keep the car? If you are short on cash, just have a cheaper wedding.

 

paying for cash doesnt always mean the best deal, average in inflation values and real interest rates, that money in the bank could get close to a credit payment...

 

when i say real, i mean real vs nominal rates....