5th Generation Maxima (2000-2003) Learn more about the 5th Generation Maxima, including the VQ30DE-K and VQ35DE engines.

Wow resale value on 02’s has dropped dramatically.

Thread Tools
 
Search this Thread
 
Old Feb 8, 2006 | 02:09 PM
  #1  
Smithdogg1's Avatar
Thread Starter
Senior Member
 
Joined: May 2002
Posts: 685
Wow resale value on 02’s has dropped dramatically.

I know that Maxima’s suck for resale value but I was shocked to find that the private party value of a 02 6 speed in excellent condition is $12,500. I am sure they go for a bit more than that realistically, maybe around $14, but that is still low. These cars seem to be a great value for a good all around package. Sure it’s a family sedan but its quick, looks decent, has a decent interior, gets decent gas mileage, and is reliable. It may not be the best in one category but it does them all pretty well and it seems like you can get a great deal on one. Once I get my first “real job” I may end up getting one to go along with my Jeep (since its getting old). Do they have a supercharger out for the 02-03’s yet?
Old Feb 8, 2006 | 03:49 PM
  #2  
Lethal's Avatar
Supporting Maxima.org Member
iTrader: (4)
 
Joined: Dec 2003
Posts: 272
From: Vancouver, WA
Based on KBB the value has dropped a bit. But they are still selling for 17-18k where I am for lower mileage 6-speeds. I know you can pick up a high mileage one for around 14-15k. I purchased my 02' 6-speed about 5 months ago for 18k. It was fully loaded and only had 26000 miles on it. The dealership knew it was rare and wouldn't budge much in the price.

And no, there is no supercharger out for the 5.5 Gen Max
Old Feb 8, 2006 | 04:05 PM
  #3  
Hoooper
Guest
 
Posts: n/a
Originally Posted by Smithdogg1
Do they have a supercharger out for the 02-03’s yet?
if only, what a beautiful story that would be.
Old Feb 8, 2006 | 05:42 PM
  #4  
Teufelhunden's Avatar
Supporting Maxima.org Member
iTrader: (8)
 
Joined: Jan 2004
Posts: 1,866
From: NJ
thats extreamly low, whats the milage?
Old Feb 8, 2006 | 05:43 PM
  #5  
boondoxmax's Avatar
Supporting Maxima.org Member
iTrader: (1)
 
Joined: Dec 2002
Posts: 1,415
From: Boston, MA
I still see them going for 16-18k. Prime example http://www.autotrader.com/fyc/vdp.js...=en&cardist=17. People are still kinda paying a premium for 6 speeds...
Old Feb 8, 2006 | 05:46 PM
  #6  
Park2670's Avatar
The Ultimate Driving Machine
 
Joined: Oct 2004
Posts: 1,114
I paid 18k for my 2k2 6-speed a year ago.... and have had a few offer me 17k to take it off my hands this year.
Old Feb 8, 2006 | 05:55 PM
  #7  
Lontar1's Avatar
Puerto Rico-Maxima Lover
iTrader: (5)
 
Joined: Apr 2004
Posts: 4,772
From: Florida
Originally Posted by Park2670
I payed 18k for my 2k2 6-speed a year ago.... and have had a few offer me 17k to take it off my hands this year.
you mean YOU PAID.. not payed.....
Old Feb 8, 2006 | 05:58 PM
  #8  
Teufelhunden's Avatar
Supporting Maxima.org Member
iTrader: (8)
 
Joined: Jan 2004
Posts: 1,866
From: NJ
maybe he got confused with trade in value?
Old Feb 8, 2006 | 06:04 PM
  #9  
chigga's Avatar
Senior Member
iTrader: (2)
 
Joined: May 2002
Posts: 1,181
yeh i noticed the drop too. i got my 2k2 6 speed with 37k fully loaded for 17.5k. i traded in the 02 automagic for it. they sell for a good amount from the dealer but i noticed when "we" sell them it has dropped
Old Feb 8, 2006 | 06:05 PM
  #10  
Park2670's Avatar
The Ultimate Driving Machine
 
Joined: Oct 2004
Posts: 1,114
Thanks Lontar, I was wondering why it looked wierd.
Old Feb 8, 2006 | 06:20 PM
  #11  
TXT-1's Avatar
Senior Member
iTrader: (1)
 
Joined: Jul 2003
Posts: 2,158
Originally Posted by Park2670
Thanks Lontar, I was wondering why it looked wierd.
weird..................
Old Feb 8, 2006 | 06:44 PM
  #12  
maxpwr2k1's Avatar
Senior Member
 
Joined: Apr 2004
Posts: 223
here in NY dealers are still selling 00-01 for 14-15k with avg miles and 02-03 for 17-18k
Old Feb 8, 2006 | 07:17 PM
  #13  
tilly's Avatar
Newbie - Just Registered
 
Joined: Dec 2005
Posts: 11
Hello,

Price on cars varry. I have seen a buy it now price on ebay for an 02 6 speed with 44,000mi for only 11,500. I woudl have bought it right then and there if I had the money. I think the value of cars are based on Location, Condition, options and miles and whatever the person wants for it. I still say that prices of cars are messed up anyways.

Tilly
Old Feb 8, 2006 | 07:44 PM
  #14  
aliti19's Avatar
Maxima addiction cured w/ the GS pill
iTrader: (2)
 
Joined: Mar 2004
Posts: 1,932
It really depends on luck as well. I had my car listed on here for 6 months before it sold. I had no reason to sell, but I ended up getting $19.5K for my '02 blk/blk loaded 6-speed w/ 18K miles. I have to admit, I do miss it at times.
Old Feb 8, 2006 | 07:55 PM
  #15  
Icondapython's Avatar
Member
iTrader: (1)
 
Joined: Jul 2005
Posts: 232
one of my friends.......he just bought an 02 max. auto with 40k. Se i think. for like 17 thousand. i bought my 2001 se 5spd, fully loaded for 11g's. (mine has like 50k miles)
Old Feb 8, 2006 | 08:15 PM
  #16  
BG's Avatar
BG
Senior Member
 
Joined: Jul 2005
Posts: 102
Bought mine in August of last year (little over 5 months ago) with 50k miles for $15k. Its now got 62k miles and I'm wondering if its still good for 14-14.5k?
Old Feb 8, 2006 | 08:51 PM
  #17  
housecor's Avatar
Supporting Maxima.org Member
iTrader: (2)
 
Joined: Feb 2003
Posts: 1,489
From: Kansas City
Bought my '03 6MT for 19k 2.5 years ago. It had sat on the dealer lot for months so they were ready to let it go on the cheap.

Sadly, 2.5 years later, looks like she's only worth around 14.5k sold private party. Bah, I'll keep the Max till it dies anyway. I drive it hard everyday and it's never given me a single problem...oh, okay, 4 Bose headunits. That's it.
Old Feb 8, 2006 | 09:16 PM
  #18  
chigga's Avatar
Senior Member
iTrader: (2)
 
Joined: May 2002
Posts: 1,181
Originally Posted by housecor
Bought my '03 6MT for 19k 2.5 years ago. It had sat on the dealer lot for months so they were ready to let it go on the cheap.

Sadly, 2.5 years later, looks like she's only worth around 14.5k sold private party. Bah, I'll keep the Max till it dies anyway. I drive it hard everyday and it's never given me a single problem...oh, okay, 4 Bose headunits. That's it.
got damn that te color is sexy as hell with all the clears housecor. who cares about resale, drive that b!tch till the wheels fall off
Old Feb 9, 2006 | 05:28 AM
  #19  
Mungo's Avatar
Donating Maxima.org Member
 
Joined: Jan 2006
Posts: 51
I just pikced up my 03 6MT TE this week. It had been on the dealer's lot since 12/6 which was great info to have. The sticker on the lot was asking 21995 which was ludacrous. Online they were asking 18995. Car is fully loaded with heated seats and wheel with just under 38k. Basically the same car as housecor but I have frost leather. I took it off the lot for $18k.

Very fun car. Still getting used to the torque steer. Certianly grabs your attention the first it jumps left or right. Just spent the last 2 nights detailing it. Never owned a car that needed a claying as bad as this one.

I too plan on driving this into the ground. I will be driving about 22k miles a year for the next couple fo years so this car is going to be loaded up on miles in a hurry.
Old Feb 9, 2006 | 05:40 AM
  #20  
Biggs_02's Avatar
Senior Member
iTrader: (4)
 
Joined: Sep 2005
Posts: 684
got my 02 SE Auto excellence condition for 10,500 with 68K on it th at was about 6 months ago
Old Feb 9, 2006 | 05:56 AM
  #21  
maximacharlotte's Avatar
Newbie - Just Registered
 
Joined: Jan 2006
Posts: 15
Just bought my 02 SE with 71K for $10,800. I think I got a fair market price from a private party that had dumped a lot of money in a lot of the pricey repairs that are prone to Max's. The dealers here in Charlotte suck, they wanted about $15K for the exact same car.
Old Feb 9, 2006 | 06:25 AM
  #22  
TXT-1's Avatar
Senior Member
iTrader: (1)
 
Joined: Jul 2003
Posts: 2,158
Man, I don't even let the resale value bug me anymore. I plan to drive the car until it dies anyway so it doesn't matter to me. Plus I bought the car knowing it wasn't an investment.
Old Feb 9, 2006 | 06:36 AM
  #23  
boondoxmax's Avatar
Supporting Maxima.org Member
iTrader: (1)
 
Joined: Dec 2002
Posts: 1,415
From: Boston, MA
Originally Posted by TXT-1
Man, I don't even let the resale value bug me anymore. I plan to drive the car until it dies anyway so it doesn't matter to me. Plus I bought the car knowing it wasn't an investment.
Well said and most cars have lousey resale value. Yes Honda holds it value better but the used car market is flooded with them so there resale value isn't that great....It's not a house your buying. Drive it, enjoy it, and replace it when its dead...........
Old Feb 9, 2006 | 06:46 AM
  #24  
Puppetmaster's Avatar
Supporting Maxima.org Member
iTrader: (48)
 
Joined: Apr 2004
Posts: 16,551
From: Fairfax, VA
We lost 2 local 5.5th Gens recently: dblrr900 recently traded his 2002 6 speed in for about 13K.... Gooey traded his 2003 auto in for about 14K a few months earlier... not sure what the miles on em were, but those are decent trade in values, IMO.
Old Feb 9, 2006 | 08:22 AM
  #25  
Jace1283's Avatar
Senior Member
iTrader: (1)
 
Joined: Oct 2004
Posts: 192
My 2003 6 speed SE with cloth, sunroof, no bose, 34k was 17,900 when I bought it a year ago, January 2005. Still has the original potenzas(they get terrible grip and are starting to look petrified ) so I know the person didn't beat it up, and yes, they passed inspection last month(43k). It was clean, smelled nice, and they fixed a pretty serious dent/scratch on one of the panels.

I think the drop in price has to do with all the 2 but mostly 3 year leases ending, I remember a year and a half ago, just finding a 6 speed was hard and they were really charging for it. I think dealers have probly been complaining to kbb too cause their prices weren't reflecting poor trade in values during that whole employee pricing thing. Like people say, it depends on location, etc., some places have more market, some places there isn't.

Oh yeah, and unless you want a warrantee, I say never buy from a dealer, find someone who took care of the car!
Old Feb 9, 2006 | 11:28 AM
  #26  
LeX's Avatar
LeX
Nissan by Nature
iTrader: (14)
 
Joined: Apr 2002
Posts: 4,181
From: ATL
Bought my 2002 black on black 6spd for $11,000 with 92k :wow:
Old Feb 9, 2006 | 11:37 AM
  #27  
Maximum Performance's Avatar
Senior Member
 
Joined: Aug 2000
Posts: 815
From: Chicago, Illinois
Originally Posted by boondoxmax
Well said and most cars have lousey resale value. Yes Honda holds it value better but the used car market is flooded with them so there resale value isn't that great....It's not a house your buying. Drive it, enjoy it, and replace it when its dead...........
exactly, all cars loose its value, look at it from this point of view, 02 is already over 4 years old......
Old Feb 21, 2006 | 04:23 AM
  #28  
Anachronism's Avatar
Supporting Maxima.org Member
 
Joined: Aug 2001
Posts: 1,362
The 02/03 seem to be depreciating (sp?) much fater than they should, since I am looking to buy soon that makes me happy. I do feel bad for those who bought new or even a few years ago.
Old Feb 21, 2006 | 05:01 AM
  #29  
silverx's Avatar
Member
 
Joined: Dec 2005
Posts: 85
I just payed 14 for an 02 6 speed HLSD ~60k..
Old Feb 21, 2006 | 07:07 AM
  #30  
zero2sixtyZ's Avatar
You embarrass me.
iTrader: (30)
 
Joined: May 2005
Posts: 5,308
From: Malden, MA
I just got my 02 Black on Black 6-Speed fully loaded (except heated seats and nav) for 16k w/ 40k miles. They had already dropped the price from 18k initially, but I think I got a fair market price on it. Like most of you said, I plan on driving this car till it dies, so the value doesn't phase me.
Old Feb 21, 2006 | 07:08 AM
  #31  
Maxima570's Avatar
Supporting Maxima.org Member
iTrader: (1)
 
Joined: Dec 2004
Posts: 304
I just got 02 6 speed black on black fully loaded for $12,500, I think I got a decent deal, it took forever to find one so when I finally did I jumped on it. And Im excited to get it!!!

I used to have a 95 black se auto, cloth, no bose. That one held its value great. It had 193,000 miles on it and I sold it in sept. for $4k. It was in near perfect condition though and I had just put tires on it
Old Feb 21, 2006 | 07:19 AM
  #32  
MaxKlinger's Avatar
Senior Member
 
Joined: Jan 2002
Posts: 873
Originally Posted by Anachronism
The 02/03 seem to be depreciating (sp?) much fater than they should, since I am looking to buy soon that makes me happy. I do feel bad for those who bought new or even a few years ago.


From my point of view, they're not depreciating fast enough! I'd love to buy an '02 or '03 6-speed, but it's still out of my price range right now while I'm paying tuition and other college expenses. I graduate in 16 months, I just need my old Max to get me through to then. At 222,000 miles and a "rolling wreck" after being rear ended last month (still driving it), it's going to be a rough time.

At the same time, it sucks for the owners of those cars. We also have one in the driveway (dad's) so I feel the pain. Then again, does it really matter if you don't plan on selling the car, running it to 250,000 miles or more?
Old Feb 21, 2006 | 07:47 AM
  #33  
MAXRB8's Avatar
Senior Member
iTrader: (19)
 
Joined: Mar 2004
Posts: 1,986
I just paid ( January) $19,000Can for my 02 blk 6 speed leather meridian, roof etc, which works out to approx $15,700US, but it came with 50,00 miles, Maxspeed & KYB GR2's, Frankencar cat back, Injen CAI, UDP, tinted windows, clear rears, 21 st Anni tails and an extra (have stock tires & wheels also) set of ADR 18" which I put on my 4th gen to sell.
Old Mar 22, 2006 | 09:45 AM
  #34  
SSandMaxima's Avatar
Member
 
Joined: Sep 2001
Posts: 194
As one who buys 'em used and drives the wheels off of them, a Maxima is one of the best used cars on the market. Depreciation makes them affordable. They look good, and they have ample stock power. And, frankly, they are pretty reliable.

I am thankful for the folks that buy them at $25k. I paid $17k for my 2000 Maxima in 2001 with 22000 miles. It now has 82000 miles with less than $450 in repairs (can you say "ignition coils"?). It has never left me stranded.

If you are the one that is losing due to depreciation, it sucks. But if you are in my shoes, it is a wonderful thing.
Old Mar 22, 2006 | 09:48 AM
  #35  
kbohip's Avatar
Senior Member
 
Joined: Jun 2001
Posts: 497
From: Colorado Springs
I just bought my '02 6-speed for $13,000. It's got 55k miles, a little more than I would have wanted, but the price was too nice to pass up. Oh yeah, after I bought it I found out that it had a 6 year 100,000 mile warranty from Nissan! The only option the car didn't have that I really wanted was leather, but I'll be adding that shortly.
Old Mar 22, 2006 | 09:55 AM
  #36  
BUSi87's Avatar
Senior Member
 
Joined: Jun 2005
Posts: 176
i scored a 2k2 max...6spd for 8500.!!! can u say steal...lol
it has near new interior and only 50k.. the guy i bought it off drove it once a week and never abused it since he was dramaticed after a bad accident..oh yea its majestic blue wit leather blk interior....
Old Mar 22, 2006 | 09:56 AM
  #37  
kbohip's Avatar
Senior Member
 
Joined: Jun 2001
Posts: 497
From: Colorado Springs
Originally Posted by BUSi87
i scored a 2k2 max...6spd for 8500.!!! can u say steal...lol
it has near new interior and only 50k.. the guy i bought it off drove it once a week and never abused it since he was dramaticed after a bad accident..oh yea its majestic blue wit leather blk interior....
Man, that's an incredible deal. It's not a salvage title though is it?
Old Mar 22, 2006 | 02:51 PM
  #38  
Anachronism's Avatar
Supporting Maxima.org Member
 
Joined: Aug 2001
Posts: 1,362
Originally Posted by kbohip
I just bought my '02 6-speed for $13,000. It's got 55k miles, a little more than I would have wanted, but the price was too nice to pass up. Oh yeah, after I bought it I found out that it had a 6 year 100,000 mile warranty from Nissan! The only option the car didn't have that I really wanted was leather, but I'll be adding that shortly.
, Just got my '03 6 speed, Everything but Nav Titanium Edition, 60,000 miles $15,000. No extended warrenty though. The miles don't scare me on a VQ.

The problem with adding leather is you don't get the auto climate control that comes with the factory leather package. That was an option I wanted YMMV.

Old Mar 22, 2006 | 05:46 PM
  #39  
bgmaxx01se's Avatar
Newbie - Just Registered
 
Joined: Aug 2005
Posts: 1
I bought my 01 SE,auto,with 32,000 miles about a year ago for $11,500. I'm not really a car guy...I like custom trucks better...but this should work for a while.
Old Mar 23, 2006 | 10:07 AM
  #40  
kbohip's Avatar
Senior Member
 
Joined: Jun 2001
Posts: 497
From: Colorado Springs
Originally Posted by Anachronism
, Just got my '03 6 speed, Everything but Nav Titanium Edition, 60,000 miles $15,000. No extended warrenty though. The miles don't scare me on a VQ.

The problem with adding leather is you don't get the auto climate control that comes with the factory leather package. That was an option I wanted YMMV.

Yea, I really wanted to find a loaded 6-speed Max but for over 4 months of looking I kept on coming up with either crap or cars that were priced way too high. I found this one and the condition was close to perfect so I jumped on it.



All times are GMT -7. The time now is 02:06 AM.