Nissan Navara Resale
Submitted: Wednesday, Nov 23, 2005 at 10:23
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Turbo Diesel
Hello all.
Just read in my 4x4 australia mag that nissan are going to bring out there new navara soon, however they are going to continue to make and produce the old model at the same time. Just thought i woould share what happened to my wifes Holden Astra and the money we lost!. We bought a new Holden Astra for $29,000 on road, it had 24,000km's on it when we sold it for $15,000 less than 3 years later, it was still under warranty. The problem, Holden in their pathetic wisdom decided to bring out a new model and produce the old shape (ours) at the same time. But they dropped the price of our model from $29,000 to $20,000 on road. Basically Holden screwed all their existing customers over
well and truly due to the resale value of the Astra being shot to bits. Some may say that's what happens when you buy a new car however its a tad unfair when a car company drops the purchase price of your car by $10,000.
Just thought I would let the Nissan Navara drivers out there know that they may be about to suffer some huge resale problems. Nissans already suffer from lower resale values than Toyotas, i can only imagine what the price of a secondhand Navara would be if Nissan follow the same approach Holden took.
Reply By: D-Jack - Wednesday, Nov 23, 2005 at 10:42
Wednesday, Nov 23, 2005 at 10:42
Well I'm in the market for a Nissan Navara. Yes I will probably get a good deal but at someone elses espense. Sorry Navara Owners!
D-Jack
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Follow Up By: Member - RockyOne - Thursday, Nov 24, 2005 at 08:46
Thursday, Nov 24, 2005 at 08:46
Yeah ! D-Jack..I reckon I could handle one also..Re the resale value,remember that the starting price is usually lower also so it balances out..You can have a ripper holiday on the thousands you save..Any of them would do me..We have had Nissan.Toyota.Mitsubishi..All for four years..All performed perfectly..(The Mazda-Fords are great quality machines also,if driven by a appreciative driver,will exel,as is the case with all todays 4x4s)..Would'nt mind one of each..Have fun..RockyOne!MPG:4!
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Reply By: Truckster (Vic) - Wednesday, Nov 23, 2005 at 11:31
Wednesday, Nov 23, 2005 at 11:31
ask lexus 470 owners about depreciation LMAO!
some crumb on one of the dodgey forums went thru it when he went to trade his in. they offered him 1/2 what he paid.
first few models they sold at full price the year later they werent selling so yota dropped the price 10g.. resale was $0!
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Reply By: cokeaddict - Wednesday, Nov 23, 2005 at 13:12
Wednesday, Nov 23, 2005 at 13:12
Well....sad but true mate, this is the way things are heading. Not a damn thing can be done about it either. SO rule of thumb is.......
NEVER BUY NEW !!!!
Problem is..u said, and i quote..
"Basically Holden screwed all their existing customers over
well and truly due to the resale value of the Astra being shot to bits".
They dont see it as "screwed customers over". Remember this...as many as they have already sold....thats past tense, ist a done deal, now they focus on new sales and unsuspecting public to keep sales going.
Way of life im affraid.
Ange
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Reply By: Member - TonyG (Qld) - Wednesday, Nov 23, 2005 at 15:15
Wednesday, Nov 23, 2005 at 15:15
Hi turbo Diesel,
The storey you quote I think is for almost any vehicle.
I have been told that vehicles loose half their value in the first 3 years.
This is because this is how car leases are structured, and people are happy to dump 3 year old cars for the lease payout value, not higher market value.
So the secret is to hang onto the car for 5-6 years to spread the depreciation over a longer period.
A 6 year old navara with 100K on the clock will sell for about 40% its purchase price, so depreciation is only 10% per year.
Thats my hope anyway
TonyG
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Follow Up By: Member - Beatit (QLD) - Wednesday, Nov 23, 2005 at 15:58
Wednesday, Nov 23, 2005 at 15:58
Hi Tony,
I think that you have hit the nail on the head so to speak. Maybe we all need to keep our vehicles longer. For example my family hack 1996 commodore cost $33,600 new (bought at the auctions for $23k, 6 months old), looked up the red book and it tells me as a trade this is worth about $4k or if I spit and polish could get $7k in a private sale. Lets say its worth $5k to me then I’ve done $18k over the last 9 years or $2k/year. This is pretty good compared to the first year or 3. Now I know you will need to factor in repairs and maintenance but once you start doing these yourself this doesn’t end up much more than the extortion service price being charged by the dealers anyway. Barring a catastrophe like engine failure, gearbox failure or rust they can last a long time and it would save you heaps.
I get reasonable pleasure out of not buying GMH genuine stuff unless is it discounted over the net and so don’t have to pay these dealers their loaded parts prices either – boy it feels good. Cheapest ever was once the warranty expired and I took over that responsibility.
Kind regards
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Follow Up By: Turbo Diesel - Wednesday, Nov 23, 2005 at 17:09
Wednesday, Nov 23, 2005 at 17:09
Tony
I agree and I disagree, I realise that all cars go down in value but shouldn't car companies do their best to keep existing customers happy so that they will buy another car form them. I know Toyota place high regard on resale in their marketing etc, but it stinks when you get screwed over buy the car company on purchase price and then when you sell it. Personally i will never buy anything from GMH again ever, I know how all the Navara drivers will feel in about 6 months seriously screwed over if Nissan drops the purchase price. I agree with the idea of holding onto the 4wds longer too, makes sense. Just imagine if you bought a brand new house for $200,000 from a builder and then the same builder sold the same house down the street for $150,000, do you think you would be a little *%##@# off.
Well thats what may be just about to happen to Nissan Navaras.
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Follow Up By: Member - TonyG (Qld) - Wednesday, Nov 23, 2005 at 17:16
Wednesday, Nov 23, 2005 at 17:16
Hi turbo Diesel,
Have Nissan said if they will sell the new navara at the same price as the exisitng model, or even cheaper?
Looking at how much nissan are charging for there newer model cars, ie pathfinder and murano, they may charge more for the new model navara
I am only hoping i guess
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Follow Up By: Turbo Diesel - Wednesday, Nov 23, 2005 at 17:28
Wednesday, Nov 23, 2005 at 17:28
Tony
I presume Nissan will charge more for the new Navara, but to accomadate the entire NEW model range they will have to drop the price of the current model considerably to entice buyers to buy the old shape when the new shape is sitting right beside it in the caryard. Thats the answer Holden gave me when I rang and very kindly abused the hell out of them. I just bought the new SR5 TD Hilux and it went up in value from the old model by 4-5 grand, this ensured that the old model did not drop to much in resale value, keeping existing customers happy and the red book resalve value respectable. Hopefully Nissan don't screw their existing customers over to much, Toyota are enjoying successful sales with teh new lux so the navara will be priced a little cheeper no doubt to steel a few sales of Toyota.
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Reply By: F4Phantom - Wednesday, Nov 23, 2005 at 22:35
Wednesday, Nov 23, 2005 at 22:35
i recon dont buy new cars full stop. we have been selling more and more new cars each year and this has pushed the value of all older cars way down. i always have bought older cars and feel i have saved a lot of money. new cars care good, but i see them for people with excess money. i also recon i would earn as much as many others but i drive a pre 1990 navara. It cost a total of under 5k, drives fine, off roads
well and costs me nothing. the engine has an easy 100k left in it. I sold my BMW 318i recently. i had it 5 years and lost $600 per year. i thought that was ok, but it still ticks me off loosing money. anyway what do you do? The last point i can think of is reliability, i had to get my alternator repaired, cost $120, the radiator cleaned $210. despite these repairs, i still think i am ahead on depreciation.
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Reply By: brian - Thursday, Nov 24, 2005 at 08:35
Thursday, Nov 24, 2005 at 08:35
Just a thought re new or old disregarding depreciation for a moment i would be wary of buying say a 4 yo 4wd out of warrenty due to the huge repair costs of modern vehicles there is some comfort in buying new and having warrenty protection,
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Reply By: Fronty - Friday, Nov 25, 2005 at 15:02
Friday, Nov 25, 2005 at 15:02
Holden refunded existing owners of the adventura about $2k when they decided to drop the price of the later model adventura. Very interesting approach.
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