Bad Idea?

[Spoolin4days]

Found a Black 06 M45 Sport for sale near me. It has 48,000 miles and they want $24,000 for the car. I know it won't be worth $15K in two or three years, but does any one think this is a good purchase?

[saeedakobiakov]

miles on the high side.who cares about 3 years from now.it will be toyota by then.

[marlin29311]

I would say $22 would be better, it seems a little high on the mileage for that price...

[SammyTheBull]

I got lucky. i bought my 2006 M35 sport Oct 22nd of this year, from a shady little car dealer. Mine had (when i bought it) 47k miles black on black adv. tech pkg.,.....etc. Originally they were asking $24,999. then a week later they lowered to $22,999. Apparently no one was interested (it wasn't advertised very well, thankfully). I called the guy and got him down to $19,999 before i ever went out to see the car.

I let a few days pass, he kept calling and calling me asking if i was coming to take a look at it. Finally, on a Wednesday afternoon, the guy called me again, told me that he really needed to sell the car bad (something about financial problems) I told him that i would give him $18,000, and come pick it up right now. thinking that he would tell me to get lost. He was mumbling something under his breath, then he said "fine, come get the damn thing"........I dont think that i've ever moved quite that fast.

Went to the car lot, the car was a solid 8 out of 10, carfax was clean, so i made the deal. He told me that there was no lien on the title, and that they would mail it to me. Heres where the problem starts. Apparently, he had a floor plan w/ manhiem auto auctions. That company holds the titles to all of his autos. When he sells a car he is suppose to pay off the lien, so i can get my title.

Long story short, he never had any intension of paying off the cars, he was selling them for as much as he could and pocketing the cash, then bankrupting the loan company.

I did end up getting my title from the dept. of Revenue criminal investigation div. and i think that guy may be going to jail. But i did get a sweet deal on a loaded 06 M35 sport!

[striz923]

my used car I bought for 31000 less than 6 months ago is selling for like 25-27 now, so if you are worried about depreciation, keep your current car. If you love the car and get a decent price, go for it.

[ArbitrageMan]

Get down at least another 2 or 3 thousand. I just bought a 2006 M45 as well, but it had 28K miles on it. I looked around a lot, and was intending to buy a from a local used car lot. I really wasnt worried about doing that versus getting it from a dealer, because in my opinion if the carfax (that you run yourself) is clean, the car is still under warranty and you get the title in your hand, youre fine.

I ended up finding exactly what I wanted from the infiniti dealer so I didnt go that route, but I was prepared to do it.

As far as depreciation is concerned, its just a something you have to be ok with. A car isnt a good investment, when I buy them I look at them as total losses.

[aaronzhou926]

Got my 06 M35 4 weeks ago. 36K miles for 21K.

[ArbitrageMan]

Got my 06 M35 4 weeks ago. 36K miles for 21K.

Dealer or private seller?

[Spoolin4days]

Seems like everyone agrees with what I feel. I checked with my coworker today (who just bought a 2007 FX35 for a good deal) and he agrees the car should be around 21K. I'll keep looking, but if I get the seller to a reasonable # I'll take a go. I was surprised to see what my 03 Sentra is currently worth, I guess that's what IRAs are for.