http://www3.forbes.com/business/12-n...sale-values/8/

that sucks.

I see LR4's 1 year old with more miles than I have asking the same that I paid new on Autotrader.

 

Ok

 

What's an LR4?

 

I'm new here, but found this interesting

https://www.kbb.com/new-cars/best-re...full-size-car/


Lets be honest, full size sedans or sedans in general or becoming less popular in general.

 

A quick Google search reveals this
Land Rover LR4 - 7-Passenger Luxury SUV

 

With pretty horrible reliability

 

Guess it depends on what you paid for the car in the first place. Pay full retail and you are screwed. But many people bought new Maximas for discounts off MSRP ranging up to 25%.

 

Indeed

 

I don't buy that. Drive your car for a few years, keep it looking and running sweet and wait for the right buyer to come along who loves her. You'll be ok. Oh, and I usually keep my cars for 9-10 years, selling them when I fall out of love. :-)

 

Not in Canada, at least not if you're buying new.

 

Thats why I always buy my cars as the new year model comes out but maybe a demo car that has less than 10k miles and save that 30+% on a new car with same warranty. I bought my 2016 SR in 2016 for about $15k less than original sticker price.

 

That Forbes article came out in 2016 , and I saw the same article published from a different site that pictured the prev generation Maxima's FWIW.

No doubt that Mid/full size sedans are going out of favor, but I had linked to the KBB site that listed the 2017 Maxima as having the Highest Resale in its Class, I put emphasis on "In Its Class".

 

This.

Pay off the car.
Drive it as long as you want while keeping it running and looking nice (inside and out).
Sell it for money for your next Maxima.

Rinse and repeat until your kids say you can't drive anymore.

 

I was very happy that I got well over Blue Book on each of my last two Maximas I traded in. Granted, both had unusually low mileage, no dings of any kind, and had received all scheduled and recommended service by the dealer I was trading the cars in to. The sales manager later informed me that they already had a specific customer waiting for each of those cars, and those two customers are still getting those cars serviced by that dealer. I was happy to find that out because I had grown to love each of those cars, and felt a sadness upon letting them go. My weakness is that I tend to form emotional ties to my cars, usually babying them like they were a child.

I think what I am saying is that timing, market situation, condition and relationships can play very important roles in what the trade-in value of a used car might be.

 

Keep in mind that the 34% is based on Dealer Invoice. Who pays that?

 

Yeah that factors in the huge discounts Nissan offers on the Maxima - the reason it shows such a high loss rate is you are getting 20% off of sticker in discounts, then it dips another 14% from that. With my lease, the car is only depreciating about 14,500 from the discounted price over 3 years. Or at least Nissan hopes so since they will be left holding the bag if it really drops.