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Maxima Depreciating?!?!?

Old May 14, 2001 | 01:07 PM
  #1  
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I heard a rumor that the maxima will drop a lot in blue book value once the new altima comes out. I heard that in about 2-3 months you will start to notice the change and most dealerships already know about the hit. My buddy went to an Infiniti dealership and the G.S.M told him that he wouldn't want to take in any maximas when the NEW altima comes out. It was weird cause the G.S.M didn't want to take in my friends trade in. My buddy wasn't upside down on his trade or anything, as a matter fact, he owes $20,300 and the wholesale is $23,000. So who knows...what do you guys think? Is it all bull?
Old May 14, 2001 | 01:10 PM
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Here we go again...

Drum roll...
Old May 14, 2001 | 01:34 PM
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Uhhhhg!

So, how 'bout them Sox? The weather? Sure does suck. Haven't had rain in over three weeks and I just put down 50 lbs. of premium seed. Nope, can't water. Don't want to run my well dry.
Old May 14, 2001 | 01:45 PM
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Kev....

Can you lock this thread before it gets out of control?

Old May 14, 2001 | 01:49 PM
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Re: Kev....

Originally posted by Michael98033
Can you lock this thread before it gets out of control?

Awww, c'mon. What fun would that be? Anyway, it's too late. This thing was out of control as soon as augie hit the submit button!

Woo-hoo! Another post on Altima vs. Maxima. Alright! Was hoping this would come back up again. This is my fa-vo-rite topic. I think it should be a sticky.

Sorry, I know, not very mature. I was just kidding anyway.
Old May 14, 2001 | 02:13 PM
  #6  
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Originally posted by augie
I heard a rumor that the maxima will drop a lot in blue book value once the new altima comes out. I heard that in about 2-3 months you will start to notice the change and most dealerships already know about the hit. My buddy went to an Infiniti dealership and the G.S.M told him that he wouldn't want to take in any maximas when the NEW altima comes out. It was weird cause the G.S.M didn't want to take in my friends trade in. My buddy wasn't upside down on his trade or anything, as a matter fact, he owes $20,300 and the wholesale is $23,000. So who knows...what do you guys think? Is it all bull?
Actually...as soon as the Altima comes out, the 2001 Maxima will depreciate 99.9%. I intend to trade my Max in for an Extra Value Meal this fall.

Augie--sorry to be so sarcastic...but do a search on the forum and you'll see that this conversation has been had many, many times since the Altima was announced. Check out the old conversations.
Old May 14, 2001 | 03:12 PM
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7

Originally posted by augie
I heard a rumor that the maxima will drop a lot in blue book value once the new altima comes out. I heard that in about 2-3 months you will start to notice the change and most dealerships already know about the hit. My buddy went to an Infiniti dealership and the G.S.M told him that he wouldn't want to take in any maximas when the NEW altima comes out. It was weird cause the G.S.M didn't want to take in my friends trade in. My buddy wasn't upside down on his trade or anything, as a matter fact, he owes $20,300 and the wholesale is $23,000. So who knows...what do you guys think? Is it all bull?
A car??? Dropping in value over time???? Are you sure????? Have you verified this???? I've never heard of such a thing. Usually they double in value every few months.

Old May 14, 2001 | 03:23 PM
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Maine is correct. I mean since when has the Maxima NOT depreciated pretty hard?? Hell I see base used low-mile base 2000 maximas selling for well under $20,000 now.(more like 18k) Once the 240hp Altima and 3.5L maximas come along, it's gonna be worse. But the general public is not as savy as the people on the .org so I don't think the depreciation will be affected much by the newer cars. It's mostly the fact that maximas take a huge dump in value no matter what. Blame Nissan for introducing their rebate programs to increase the sales.
Old May 14, 2001 | 04:25 PM
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exactly...

maxima's dont need any help depreciating. I'm not going to lose sleep, but lets say it does take $1500-2000 directly out of my pocket. Sure, thats not enough to freak out over, but it does **** me off.. I should get get alittle ****ed if for no good reason, my car depreciates more than it should. I knew going in that lease buy-backs were keeping max resale lower than it should be. I did my research. Of course I30's wont have to worry about this. And a couple grand lost probably doesnt concern some of you. But to me, it's a pretty thoughtless act on their part. I knew a new body style would drop my value and I was hoping to have an option of trading without completely losing my *** on this. I could care less about a new altima, that doesnt affect me. I dont want one.

BTW, total your car, now you are talking cash value, or lack there of. Its already very difficult replacing a max on blue book. this will eventually cause hardship on a few owners.

All things considered, I suspect that the gas prices will hurt the resale of my pathfinder more than the altima affecting the resale of my max, so I am realistic.

btw, I hope nissan isnt putting too much in this new wonder-Altima.. it might be hard selling 260hp cars when gas is $3+/gal (or even a car that requires prem. like the max)
Old May 14, 2001 | 08:25 PM
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Re: 7

Originally posted by MaineI30


A car??? Dropping in value over time???? Are you sure????? Have you verified this???? I've never heard of such a thing. Usually they double in value every few months.

ARE you sure it doubles in value? i heard that it triples...or is my source just off? i think i might need a new source....also i heard from a very reliable source that the higher the milage, the more the cars worth too. SERIOUSLY!!!!!!!! O yea, b4 u sell it, make sure u use a bat to smash all the windows so u could say it's kinda like a convertible.....also, get a gun and shoot somes holes, it improves performance, makes betta air flow and should boost ur hp to about 400+ or so. TRUST ME, u'll make seriously money with the dealers for a trade in....take it to a benz dealer and i think u could trade the max in for a new benz E55.
Old May 14, 2001 | 08:32 PM
  #11  
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so

do you have a point to add or just exercising your sarcastic banter?
Old May 16, 2001 | 05:02 AM
  #12  
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just dont sell ur max =)
Old May 16, 2001 | 07:00 AM
  #13  
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The easy solution is to out wait the depreciation curve untill 10+ years. Take perfect care of the car and keep the mileage below 100K if possible. This is what I did on my 89 SE and sold it last year for $6,500, twice the trade in
value.
If you plan on dumping the car after 3-4 years, yes you will take a major hit in the wallet for the privalige of spending a fresh $30k+ on your new passion.
Think long term, it works.
Old May 16, 2001 | 08:40 AM
  #14  
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Re: Re: 7

Originally posted by MaxSEAE


ARE you sure it doubles in value? i heard that it triples...or is my source just off? i think i might need a new source....also i heard from a very reliable source that the higher the milage, the more the cars worth too. SERIOUSLY!!!!!!!!
Yeh! Coz the car has more EXPERIENCE!

Old May 16, 2001 | 01:53 PM
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Re: Re: Re: 7

Originally posted by MaineI30


Yeh! Coz the car has more EXPERIENCE!

Is the car trying to get a job?
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