Why is the resale so horrific with this car? - Maxima Forums



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Why is the resale so horrific with this car?

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Old 06-14-2018, 01:04 AM   #1  
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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.
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Old 06-14-2018, 08:05 AM   #2  
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Whats is all this based on?
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Old 06-14-2018, 08:12 AM   #3  
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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.
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Old 06-14-2018, 08:55 AM   #4  
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It was the same with the 7th Gen, but I'm of the mind that if I'm happy with the car and I plan to keep it, I'm not worrying about the depreciation. I'm just going to enjoy it.
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Old 06-14-2018, 09:03 AM   #5  
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Better ride it till the wheels fall off!!
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Old 06-14-2018, 09:51 AM   #6  
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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.

Last edited by CNTS13; 06-14-2018 at 09:53 AM.
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Old 06-14-2018, 11:14 AM   #7  
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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.
This is what I also wonder. My last Maxima (2012 SV) was MSRP $42100, but I paid $33100. I traded it after 3 yrs...and was offered $21k in trade. That would be 63% (lost 33%) value after 3 yrs, and market value of that would be higher compared to trade value. Now, comparing my trade value to MSRP, that is 50% value retained after 3 yrs in my case at trade value...not the higher market value. Btw...the dealer then turned around and advertised my old car for $26k (crazy!), so I assume market value of the 2012 Maxmia with 32k miles was somewhere around $23-25k (69-76% value after 3 yrs compared to actual selling price, or a 24-31% loss. Also, 55-59% value of MSRP, or 41-45% loss).

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.
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Old 06-14-2018, 04:25 PM   #8  
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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.
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Old 06-14-2018, 05:48 PM   #9  
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I won't know the resale value for about another 7-8 years, but she will be a creampuff when I do decide to sell her.
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Old 06-14-2018, 08:15 PM   #10  
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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.
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Old 06-15-2018, 01:21 AM   #11  
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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?
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Old 06-15-2018, 09:34 AM   #12  
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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?

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.
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Old 06-15-2018, 10:27 AM   #13  
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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.
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Old 06-15-2018, 04:48 PM   #14  
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Originally Posted by krismax View Post
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.
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
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Old 06-17-2018, 09:17 AM   #15  
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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.
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Old 06-17-2018, 11:07 AM   #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
thats the way to do it, buy a 1-3 year old car and let the "man" take that initial depreciation hit!
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Old 06-17-2018, 11:15 AM   #17  
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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.
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Old Yesterday, 06:37 PM   #18  
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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.

^


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.
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Old Yesterday, 07:35 PM   #19  
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^
All that said the Maxima is an excellent car. The Murano also holds it's own. Still superior to the D2 on average.
If I had to drive a SUV , I'd probably go with the Murano. But I think they are a bit overpriced.
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Old Yesterday, 09:41 PM   #20  
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If I had to drive a SUV , I'd probably go with the Murano. But I think they are a bit overpriced.

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.
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Old Today, 06:13 AM   #21  
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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.
I am also on a lease, I still have 2 more years to go, quality and reliability will define if I stay with the Maxima, so far the driving, handling and experience is TOP.
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Old Today, 03:50 PM   #22  
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Originally Posted by Blasterguy View Post
^


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.
Might be a great car but it's very accurate for it down here in the States, all of us that have been around Maxima's for several generations know these facts about it.
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Old Today, 03:52 PM   #23  
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Originally Posted by slava View Post
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.
Well said!
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