my fault if this has been posted but the resale of my 02 se is pissing me off. at best i found 14k from kelly blue book, wtf is that?? has anyone gotten any better numbers?? just last fall i could have gotten 18k when i was looking at trading it for an evo. that sux 4k in a year,,,,

 

what options do you have? mileage? condition of car? auto or manual?

 

Hell, KBB is actually generous with their numbers.

 

have everything but navi, 35k miles and car is in excellent condition and shes automagic. is that the norm for our resale??

 

try www.edmunds.com i think mine was a little bit higher there but not a lot

 

First several yrs you will see the value fall more rapidly then after 5 yrs. That is normal, and the only way to cut the losses is not buy a brand new car in the first place.

 

kelly blue book or edmunds wont buy your car
if you have every option but navi and you will sell it privately you can get probably around 17K or so, trade in value on every car takes a big hit, no matter if nissan or toyota or honda, new car when u drive off you are 25% atleast at loss

 

Go to www.nada.com. This is what the dealers and banks use to assess the value of a used car. Also, are you looking at the trade in value or the retail value? From the number you mentioned it seems that you are looking at trade in which is always low. Just off the top of my head I would say retail value for that car with all the options would be more like 18 - 20k. Another thing to keep in mind is that your location could have a large impact on the value.

 

The resale value drops significantly during the first few years. But it eventually levels off.

 

the maxima is a depreciation disaster, just like an accord or camry. tons of them are sold and all come off lease at the same time, therefore the used car lots are flooded with them. just think of all the maximas you see at the dealer used. its just what happens when supply meets (or exceeds) demand. these cars are great deals used for the same reason. if you want a good resale value look at audi or BMW.

 

AUDI?? Are you nutso? You can find a $40,000 S4 for less than half that (2 years old) all day long. BMW has pretty decent resale, but not the old 7 series. My father in law is taking a huge hit on his 740IL.

 

of course you get what you paid for. You pay new car price you get the brand new car with full warranty and peacockery from admiration from other people. You pay less then you get a used one with possibility that been abused by someone and less or no warranty. This is how the market works. Perfect!

 

Audi?? Are you sure about that? They are one of worst when it comes to resale. You want a car with resale value buy a Ferarri or some other exotic. The best brand for resale for the common man I think is Lexus.

 

"peacockery" that's great. never heard that b4.

 

That sums it up beautifully...

 

Chigga, I'm from Beantown too, living in San Diego now. Anyways, if you're in Mass then you should be using NADA (yellow book), as mentioned by another poster here. That's what the Mass DMV uses for valuating cars and the standard amongst dealers, etc.

Out here in Cali, they use the Kelley Blue Book for this purpose and it is clear that the KBB has higher values than NADA, sorry. I'm guessing that this is due, in no small part, to the hell weather that pounds the Northeast every year, the salt on the roads and the lower emissions standards. Don't know what other parts of the country use for valuating cars.

Good luck.

 

anyone know how we can find out what our state DMV uses to value cars??

 

Out here in Canada, you can get car title which includes what that car should sell for as of now.

 

thanks for all the replies yall. i bought her used with 13k miles. i'm not looking to get rid of her i just wanted to see how much the vuale dropped from last year when i "was" going to trade her in. i'm gonna have her for at least 2 more years. just good to know how much shes worth ya know. thanks again yall, just wanted to make sure

 

shit where the hell you been chiggaman.

 

it all depends on the area you live in, so you cant go off what kbb, edmunds, or nada say.

 

Maxima's volume is no where near that of Camry and Accord, you can take model year 99/00/01/02 of Maximas and you still want have the amount of those cars sold in one model year they sell what about 450 thousand Cams or Accords yearly or so). Not only Maxima but lots of people are complaining about low trade in with cars from TL's to whatever else (you simply have to pay when trading in a 0-3 year old car), the market is saturated right now. The Max is great bargain used and used to be new and lots of people realize that!

 

lol i been on the low. bills have been spankin that a$$ (all my fault but im payin em off now) lol. im back now tho, gettin my money right so i can doll her up since i wont be trading her in anytime soon lol

 

I think you are looking at trade in value. However, I believe that resale value is low b/c there are a lot of good used cars on the market. THese days used cars run forever with proper maintenance, unlike 20+ years ago. So there are a lot of them still around. Plus with all the incentives, new cars are cheap-why buy used when a few thousand more will buy new? Got my car for over $10K off sticker at only a year old.

 

You and I said basically the same thing and its true, but I would rather have an 02 or 03 over an 04 or 05!

 

is that really the case

 

i don't even want to think about the resale value. it will make you feel depressed

 

yeah i was lookin into resale value because im looking to sell my max..... looking into stepping up to an 00-01 bmw 325ci, i know how we all feel about bmw's but i cant deny its a much better car.

 

who cares about resale as long as you like the car

 

Yep.

Most people don't keep a car forever so resale factors into the overall cost of ownership.

I do think that once the Max takes its hit in the first 3-5 years, it levels off, unlike the domestics. Sh8t, my minivan stickered at 28K, bought it new for 20K in 2000 and now its worth 9K (1/3 of sticker price) and less than half what I paid. I will hold it for several more years to make the average annual depreciation lower.

 

Exactly!! Almost all cars are depreciating assets. If you want an investment, buy a house,stocks,mutual funds,etc. Hell, even most Ferrari's depreciate. The best advice I can give you is buy the car you want, and keep it for at least 4-5 years minimum. I know this is hard to do with all the new cars, with more HP, and better features coming out every year.