Why is the resale so horrific with this car?
#1
Why is the resale so horrific with this car?
I don't get it. Is it the CVT thing or what? The SR/Platinum are very premium imo. Granted this is our only other Nissan since the 80's but overall with a few minor complaints with issues. Fixed under warranty btw, I still really like the car.
#3
They make too many of them, it's not a premium brand, it's heavily leased...the list goes on.
You want a vehicle that doesn't depreciate based on BB, Jeep Grand Cherokee (Not the Cherokee, just the Grand), Ram 1500, Ford F150, Chevy Silverado, look them up used, 2 years old under 20k miles, they're asking $5000 less then the brand new price. Nissan 2 years old that many miles, you're down well over 35-45%, or roughly $12000...for a Platinum.
You want a vehicle that doesn't depreciate based on BB, Jeep Grand Cherokee (Not the Cherokee, just the Grand), Ram 1500, Ford F150, Chevy Silverado, look them up used, 2 years old under 20k miles, they're asking $5000 less then the brand new price. Nissan 2 years old that many miles, you're down well over 35-45%, or roughly $12000...for a Platinum.
#6
I just saw an article claiming that the Maxima has one of the worst depreciation values for cars currently on sale today. The article claimed that after 3 years the Maxima lost almost 48% of it's value...
So, my question would be what are these depreciation values baselined against? Is it the full MSRP of the vehicle or market value (average actual selling price for a given make/model/trim level) at the time when originlly sold?
The reason I ask is that at the time of my purchase (new '17 SR purchased in early July of last year), the sticker price was $39,500. I essentially paid $30,000 after rebates at the time but before tax, title and license fees ($33k out the door). This was a cash sale with no trade in. That's potentially a 25% difference in the baseline value of the car which these used car prices are being compaired against.
I'm assuming the used prices are being measured against MSRP which is pretty misleading metric as to the actual value being lost from the time of purchase.
Early adopters who purchased when the 8th gen Maxima first hit the market probably paid close to MSRP so the depreciation numbers for these folks are probably true but folks who waited just a little while, well... I don't think that they are getting slammed any worse than any other comparable vehicle and are probably doing better than most of the competition.
My thoughts at least.
So, my question would be what are these depreciation values baselined against? Is it the full MSRP of the vehicle or market value (average actual selling price for a given make/model/trim level) at the time when originlly sold?
The reason I ask is that at the time of my purchase (new '17 SR purchased in early July of last year), the sticker price was $39,500. I essentially paid $30,000 after rebates at the time but before tax, title and license fees ($33k out the door). This was a cash sale with no trade in. That's potentially a 25% difference in the baseline value of the car which these used car prices are being compaired against.
I'm assuming the used prices are being measured against MSRP which is pretty misleading metric as to the actual value being lost from the time of purchase.
Early adopters who purchased when the 8th gen Maxima first hit the market probably paid close to MSRP so the depreciation numbers for these folks are probably true but folks who waited just a little while, well... I don't think that they are getting slammed any worse than any other comparable vehicle and are probably doing better than most of the competition.
My thoughts at least.
Last edited by CNTS13; 06-14-2018 at 09:53 AM.
#7
I just saw an article claiming that the Maxima has one of the worst depreciation values for cars currently on sale today. The article claimed that after 3 years the Maxima lost almost 48% of it's value...
So, my question would be what are these depreciation values baselined against? Is it the full MSRP of the vehicle or market value (average actual selling price for a given make/model/trim level) at the time when originlly sold?
The reason I ask is that at the time of my purchase (new '17 SR purchased in early July of last year), the sticker price was $39,500. I essentially paid $30,000 after rebates at the time but before tax, title and license fees ($33k out the door). This was a cash sale with no trade in. That's potentially a 25% difference in the baseline value of the car which these used car prices are being compaired against.
I'm assuming the used prices are being measured against MSRP which is pretty misleading metric as to the actual value being lost from the time of purchase.
Early adopters who purchased when the 8th gen Maxima first hit the market probably paid close to MSRP so the depreciation numbers for these folks are probably true but folks who waited just a little while, well... I don't think that they are getting slammed any worse than any other comparable vehicle and are probably doing better than most of the competition.
My thoughts at least.
So, my question would be what are these depreciation values baselined against? Is it the full MSRP of the vehicle or market value (average actual selling price for a given make/model/trim level) at the time when originlly sold?
The reason I ask is that at the time of my purchase (new '17 SR purchased in early July of last year), the sticker price was $39,500. I essentially paid $30,000 after rebates at the time but before tax, title and license fees ($33k out the door). This was a cash sale with no trade in. That's potentially a 25% difference in the baseline value of the car which these used car prices are being compaired against.
I'm assuming the used prices are being measured against MSRP which is pretty misleading metric as to the actual value being lost from the time of purchase.
Early adopters who purchased when the 8th gen Maxima first hit the market probably paid close to MSRP so the depreciation numbers for these folks are probably true but folks who waited just a little while, well... I don't think that they are getting slammed any worse than any other comparable vehicle and are probably doing better than most of the competition.
My thoughts at least.
My first Maxima was a new 2007 SE base model (5 miles on odometer), with MSRP of $29k. I paid $23500. I traded it on the 2012 SV after 5 yrs, and they offered me $12k trade after 86k miles. At trade value, my 2007 SE was valued at 51% of what I paid (49% loss), or 41% value of MSRP (69% loss) after 5 yrs and 86k miles.
Given my experiences, I have always though the Maxima held its value very well, so I scratch my head at such claims of value dropping fast. My cars at trade were also in immaculate condition and very well maintained, and my local dealer wanted them badly to sell on their used lot.
Last edited by wtgkb8; 06-14-2018 at 11:17 AM.
#8
1. Too many Maxima rentals (just like other Nissans).
2. Nissan inflates MSRPs and then offers large discounts. For example, a 2018 Maxima SV (no LED, no sunroof, basic sound system) has an MSRP of 35,270, on par with a fully loaded Camry, Accord, and Mazda6, but with nowhere near their level of equipment.
3. Nissan's reliability is not as good as many competitors, like Honda and Toyota.
4. For most, there is no good reason to get this car over a fully loaded mainstream family car (assuming you insist on a sedan), especially after the 2018 model year redesigns. The Maxima doesn't really offer more luxury, and isn't really sportier. People get it because of brand loyalty, or they like the styling, or they fall for the 4DSC marketing.
2. Nissan inflates MSRPs and then offers large discounts. For example, a 2018 Maxima SV (no LED, no sunroof, basic sound system) has an MSRP of 35,270, on par with a fully loaded Camry, Accord, and Mazda6, but with nowhere near their level of equipment.
3. Nissan's reliability is not as good as many competitors, like Honda and Toyota.
4. For most, there is no good reason to get this car over a fully loaded mainstream family car (assuming you insist on a sedan), especially after the 2018 model year redesigns. The Maxima doesn't really offer more luxury, and isn't really sportier. People get it because of brand loyalty, or they like the styling, or they fall for the 4DSC marketing.
#10
I wish they would lose their value even faster. That's one of the main reasons i have 3 maxima's right now.
I buy cars and drive them till they die. After driving this black 96 for 11 years it finally got towed away today.Bought it for $2500 11 years ago.
Gray 2001 $1300 in garage, next on deck. I have been restoring it, so this one will probably cost in the $3500-4000 area, when i am done.
Drive them people, get your money out of them.they are tools like a drill or screwdriver.
I buy cars and drive them till they die. After driving this black 96 for 11 years it finally got towed away today.Bought it for $2500 11 years ago.
Gray 2001 $1300 in garage, next on deck. I have been restoring it, so this one will probably cost in the $3500-4000 area, when i am done.
Drive them people, get your money out of them.they are tools like a drill or screwdriver.
#11
https://www.kbb.com/new-cars/best-re...size-car-2017/
This year it dropped to second place behind the Avalon.
https://www.kbb.com/new-cars/best-re...full-size-car/
Which begs the question. Is KBB a lie?
This year it dropped to second place behind the Avalon.
https://www.kbb.com/new-cars/best-re...full-size-car/
Which begs the question. Is KBB a lie?
#12
https://www.kbb.com/new-cars/best-re...size-car-2017/
This year it dropped to second place behind the Avalon.
https://www.kbb.com/new-cars/best-re...full-size-car/
Which begs the question. Is KBB a lie?
This year it dropped to second place behind the Avalon.
https://www.kbb.com/new-cars/best-re...full-size-car/
Which begs the question. Is KBB a lie?
Its not the just the fault of the Maxima. Its the Car Class in general. I mean its like 1st or 2nd place in the car class that has the worst resale value of all vehicle classes. Not much to brag about with that.
At this point, not sure I care too much as I plan on having paid off in 3 years and will go from there.
#13
People are buying SUV's.
Cost/price spread between entry-level and top-end (features and some packages residualize to zero over 3-5 years).
It's not a luxury marque but priced up into that "grey area" between family sedans and luxury brands.
Demographic profile of buyers (sorry, this is the truth).
Number of vehicles sold to fleets.
Cost/price spread between entry-level and top-end (features and some packages residualize to zero over 3-5 years).
It's not a luxury marque but priced up into that "grey area" between family sedans and luxury brands.
Demographic profile of buyers (sorry, this is the truth).
Number of vehicles sold to fleets.
#14
I bought mine "lightly used" and I'm quite happy with the additional mark down. I've had great luck buying 1-2 year old cars, then driving them until they are at least 10. Sure I'm not driving something flashy and new all the time, but 5+ years without car payments is very nice too
#15
The MSRP for my 2017 base model was $34,310, with dealer discount $2,495 and Nissan loyalty discount of $6,650, $9,145 total discounts, new adjusted sale price of $25,165, and I had a trade in with $1,000 negative equity, so at the end I paid $24,000 plus taxes and fees, even with the huge depreciation it is not a bad deal. Now if you paid MSRP it is a really bad deal. I think Nissan's MSRPs are inflated on purpose to be able to offer huge discounts to engage potential buyers.
#16
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Ditto on this...
I bought mine "lightly used" and I'm quite happy with the additional mark down. I've had great luck buying 1-2 year old cars, then driving them until they are at least 10. Sure I'm not driving something flashy and new all the time, but 5+ years without car payments is very nice too
I bought mine "lightly used" and I'm quite happy with the additional mark down. I've had great luck buying 1-2 year old cars, then driving them until they are at least 10. Sure I'm not driving something flashy and new all the time, but 5+ years without car payments is very nice too
#17
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Location: Manhattan Beach, Ca / Dallas, Tx
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1) Inflated MSRP's
2) Max has to have huge incentives to move on the retail side and has been that way since gen 5.
3) Way to many sold to fleets, Hertz and the Enterprise family has lots of them from S to the Platinum. They dump them at auctions and dealers when the agency is done with them flooding the Max used car market lowering values.
4) Nissan's reputation has taken a huge downturn when since 6th gen Max, previous Titan and previous Quest were introduced with ton's of transmission and electrical issues just to name a few of the problems that inflicted them that prior Nissan's did not have.
2) Max has to have huge incentives to move on the retail side and has been that way since gen 5.
3) Way to many sold to fleets, Hertz and the Enterprise family has lots of them from S to the Platinum. They dump them at auctions and dealers when the agency is done with them flooding the Max used car market lowering values.
4) Nissan's reputation has taken a huge downturn when since 6th gen Max, previous Titan and previous Quest were introduced with ton's of transmission and electrical issues just to name a few of the problems that inflicted them that prior Nissan's did not have.
#18
1) Inflated MSRP's
2) Max has to have huge incentives to move on the retail side and has been that way since gen 5.
3) Way to many sold to fleets, Hertz and the Enterprise family has lots of them from S to the Platinum. They dump them at auctions and dealers when the agency is done with them flooding the Max used car market lowering values.
4) Nissan's reputation has taken a huge downturn when since 6th gen Max, previous Titan and previous Quest were introduced with ton's of transmission and electrical issues just to name a few of the problems that inflicted them that prior Nissan's did not have.
2) Max has to have huge incentives to move on the retail side and has been that way since gen 5.
3) Way to many sold to fleets, Hertz and the Enterprise family has lots of them from S to the Platinum. They dump them at auctions and dealers when the agency is done with them flooding the Max used car market lowering values.
4) Nissan's reputation has taken a huge downturn when since 6th gen Max, previous Titan and previous Quest were introduced with ton's of transmission and electrical issues just to name a few of the problems that inflicted them that prior Nissan's did not have.
^
Not an inaccurate summary. My 2016 lease in Canada @ .9% for 48 mths was not much more than a loaded Corolla. Just giving them away. At my store Rogue make for 70% of all new vehicle sales. Without the Rogue it would be lights out. The new AWD Altima could be another hit.
All that said the Maxima is an excellent car. The Murano also holds it's own. Still superior to the D2 on average.
#19
#20
Does that pertain to all V6 SUVs or just the Murano? Currently, a Murano with the full sweet of autonomous driving aids is too pricy. Nissan needs to and will probably package a full sweet of aids next year to the lowly SV which will make it one of the least expensive V6 SUVs.
Probably will not return to a Nissan after the MAXs lease comes due, but will leave with a healthy respect.
#21
Does that pertain to all V6 SUVs or just the Murano? Currently, a Murano with the full sweet of autonomous driving aids is too pricy. Nissan needs to and will probably package a full sweet of aids next year to the lowly SV which will make it one of the least expensive V6 SUVs.
Probably will not return to a Nissan after the MAXs lease comes due, but will leave with a healthy respect.
Probably will not return to a Nissan after the MAXs lease comes due, but will leave with a healthy respect.
#22
Senior Member
iTrader: (1)
Join Date: Mar 2001
Location: Manhattan Beach, Ca / Dallas, Tx
Posts: 3,751
^
Not an inaccurate summary. My 2016 lease in Canada @ .9% for 48 mths was not much more than a loaded Corolla. Just giving them away. At my store Rogue make for 70% of all new vehicle sales. Without the Rogue it would be lights out. The new AWD Altima could be another hit.
All that said the Maxima is an excellent car. The Murano also holds it's own. Still superior to the D2 on average.
Not an inaccurate summary. My 2016 lease in Canada @ .9% for 48 mths was not much more than a loaded Corolla. Just giving them away. At my store Rogue make for 70% of all new vehicle sales. Without the Rogue it would be lights out. The new AWD Altima could be another hit.
All that said the Maxima is an excellent car. The Murano also holds it's own. Still superior to the D2 on average.
#23
Senior Member
iTrader: (1)
Join Date: Mar 2001
Location: Manhattan Beach, Ca / Dallas, Tx
Posts: 3,751
1. Too many Maxima rentals (just like other Nissans).
2. Nissan inflates MSRPs and then offers large discounts. For example, a 2018 Maxima SV (no LED, no sunroof, basic sound system) has an MSRP of 35,270, on par with a fully loaded Camry, Accord, and Mazda6, but with nowhere near their level of equipment.
3. Nissan's reliability is not as good as many competitors, like Honda and Toyota.
4. For most, there is no good reason to get this car over a fully loaded mainstream family car (assuming you insist on a sedan), especially after the 2018 model year redesigns. The Maxima doesn't really offer more luxury, and isn't really sportier. People get it because of brand loyalty, or they like the styling, or they fall for the 4DSC marketing.
2. Nissan inflates MSRPs and then offers large discounts. For example, a 2018 Maxima SV (no LED, no sunroof, basic sound system) has an MSRP of 35,270, on par with a fully loaded Camry, Accord, and Mazda6, but with nowhere near their level of equipment.
3. Nissan's reliability is not as good as many competitors, like Honda and Toyota.
4. For most, there is no good reason to get this car over a fully loaded mainstream family car (assuming you insist on a sedan), especially after the 2018 model year redesigns. The Maxima doesn't really offer more luxury, and isn't really sportier. People get it because of brand loyalty, or they like the styling, or they fall for the 4DSC marketing.
#24
People are buying SUV's.
Cost/price spread between entry-level and top-end (features and some packages residualize to zero over 3-5 years).
It's not a luxury marque but priced up into that "grey area" between family sedans and luxury brands.
Demographic profile of buyers (sorry, this is the truth).
Number of vehicles sold to fleets.
Cost/price spread between entry-level and top-end (features and some packages residualize to zero over 3-5 years).
It's not a luxury marque but priced up into that "grey area" between family sedans and luxury brands.
Demographic profile of buyers (sorry, this is the truth).
Number of vehicles sold to fleets.
#26
Does that pertain to all V6 SUVs or just the Murano? Currently, a Murano with the full sweet of autonomous driving aids is too pricy. Nissan needs to and will probably package a full sweet of aids next year to the lowly SV which will make it one of the least expensive V6 SUVs.
Probably will not return to a Nissan after the MAXs lease comes due, but will leave with a healthy respect.
Probably will not return to a Nissan after the MAXs lease comes due, but will leave with a healthy respect.
#27
All SUV's are overpriced - since there are so many, profits are eroding as they sit on dealer lots.
I looked at the GMC Acadia Denali ($10k off) and for $39,000 it was a great deal.
Until I sat in it and the center console plastic (the whole thing) fell apart. Seriously.
I looked at the GMC Acadia Denali ($10k off) and for $39,000 it was a great deal.
Until I sat in it and the center console plastic (the whole thing) fell apart. Seriously.
#30
Of course, everyone always says Toyota (and sometimes Honda) are the most reliable. Whenever I see comparison charts, Nissan seems to score solidly in the "average" camp. I could go find those links again and post them here but I'm lazy today. I have yet to see an objective report that puts it at the bottom in terms of reliability though.
Anecdotally, I know lots of folks who drive Nissans , mostly Altima and rogue. They've had minor issues, but for the most part they seem to like what they got.
I recently posed the question about long term reliability in the 7th gen forum. That's not very scientific but I've got a few replies, including some who put over 300k on their cars. I think they have put more love into the 8th gen, while underneath it still has a lot in common with the previous generation
So long story short, yeah the Max may not be known for reliability, but I don't think it has a bad reputation either... at least not enough to kill its resale value. It's not like it's a Fiat 500
Instead I think it's the confused identity that this car has that hurts its sales. It's a bunch of things, but "master of none". It's not quite a sports car, not quite a luxury car, it's not quite full size, etc. I like the balance, but I suspect the average buyer needs to have it clearly defined for them
That, and as others have said, everyone is SUV crazy these days
#31
I can't really refute that, but a few things make me question if it is really as bad as you say.
Of course, everyone always says Toyota (and sometimes Honda) are the most reliable. Whenever I see comparison charts, Nissan seems to score solidly in the "average" camp. I could go find those links again and post them here but I'm lazy today. I have yet to see an objective report that puts it at the bottom in terms of reliability though.
Anecdotally, I know lots of folks who drive Nissans , mostly Altima and rogue. They've had minor issues, but for the most part they seem to like what they got.
I recently posed the question about long term reliability in the 7th gen forum. That's not very scientific but I've got a few replies, including some who put over 300k on their cars. I think they have put more love into the 8th gen, while underneath it still has a lot in common with the previous generation
So long story short, yeah the Max may not be known for reliability, but I don't think it has a bad reputation either... at least not enough to kill its resale value. It's not like it's a Fiat 500
Instead I think it's the confused identity that this car has that hurts its sales. It's a bunch of things, but "master of none". It's not quite a sports car, not quite a luxury car, it's not quite full size, etc. I like the balance, but I suspect the average buyer needs to have it clearly defined for them
That, and as others have said, everyone is SUV crazy these days
Of course, everyone always says Toyota (and sometimes Honda) are the most reliable. Whenever I see comparison charts, Nissan seems to score solidly in the "average" camp. I could go find those links again and post them here but I'm lazy today. I have yet to see an objective report that puts it at the bottom in terms of reliability though.
Anecdotally, I know lots of folks who drive Nissans , mostly Altima and rogue. They've had minor issues, but for the most part they seem to like what they got.
I recently posed the question about long term reliability in the 7th gen forum. That's not very scientific but I've got a few replies, including some who put over 300k on their cars. I think they have put more love into the 8th gen, while underneath it still has a lot in common with the previous generation
So long story short, yeah the Max may not be known for reliability, but I don't think it has a bad reputation either... at least not enough to kill its resale value. It's not like it's a Fiat 500
Instead I think it's the confused identity that this car has that hurts its sales. It's a bunch of things, but "master of none". It's not quite a sports car, not quite a luxury car, it's not quite full size, etc. I like the balance, but I suspect the average buyer needs to have it clearly defined for them
That, and as others have said, everyone is SUV crazy these days
The feel of 'premium' quality deteriorates over time. That's what I'm referring to.
my 2017 has just over 10k miles, and it has steering issues, my brakes pulsate at certain speeds, there are a few new dashboard buzzes which are driving me crazy, and the trans has been shifting a little less "seamlessly" than it did when new...
All of this within the first 10k miles.
Quality... That's the reason for the poor residual value... It may run forever, but how will the build quality feel over time? That's the difference
#32
My 2017, is 9 months old and has 4K miles on it, it has been flawless, no issues that will affect the driving experience, the only quality problem are the black plastic trims on the back rear side panel that have broken 2 times in the last 2 months, both replaced under warranty. I only use touch-less car wash by the way.
#33
I'm not talking about reliability... I'm talking about build quality... Initially this car feels like it's built well. But over time, brake pulsations, rattles/buzzes, steering issues, clunks in the rear suspension, Yada Yada Yada occur quicker than they 'should'....
The feel of 'premium' quality deteriorates over time. That's what I'm referring to.
my 2017 has just over 10k miles, and it has steering issues, my brakes pulsate at certain speeds, there are a few new dashboard buzzes which are driving me crazy, and the trans has been shifting a little less "seamlessly" than it did when new...
All of this within the first 10k miles.
Quality... That's the reason for the poor residual value... It may run forever, but how will the build quality feel over time? That's the difference
#35
I'm not talking about reliability... I'm talking about build quality... Initially this car feels like it's built well. But over time, brake pulsations, rattles/buzzes, steering issues, clunks in the rear suspension, Yada Yada Yada occur quicker than they 'should'....
The feel of 'premium' quality deteriorates over time. That's what I'm referring to.
my 2017 has just over 10k miles, and it has steering issues, my brakes pulsate at certain speeds, there are a few new dashboard buzzes which are driving me crazy, and the trans has been shifting a little less "seamlessly" than it did when new...
All of this within the first 10k miles.
Quality... That's the reason for the poor residual value... It may run forever, but how will the build quality feel over time? That's the difference
#39
J.D. Power: "The Maxima is the highest quality Large Car in this year’s study, scoring higher than the Ford Taurus, Chrysler 300, Chevrolet Impala, Dodge Charger, and Toyota Avalon. Like the Altima, Nissan Maxima also received highest marks in various categories: overall quality, overall quality – mechanical, powertrain quality – mechanical, body & interior quality – mechanical, overall quality – design, body & interior quality – design, and features & accessories quality – design."
https://www.autoguide.com/auto-news/...ment-2018.html
https://www.autoguide.com/auto-news/...ment-2018.html
#40
J.D. Power: "The Maxima is the highest quality Large Car in this years study, scoring higher than the Ford Taurus, Chrysler 300, Chevrolet Impala, Dodge Charger, and Toyota Avalon. Like the Altima, Nissan Maxima also received highest marks in various categories: overall quality, overall quality mechanical, powertrain quality mechanical, body & interior quality mechanical, overall quality design, body & interior quality design, and features & accessories quality design."
https://www.autoguide.com/auto-news/...ment-2018.html
https://www.autoguide.com/auto-news/...ment-2018.html