Last post on Jun 30, 2013 at 8:32 AM
You are in the Nissan Pathfinder
What is this discussion about?
Nissan Pathfinder, SUV
#6520 of 8191 Why I got an 2003
Apr 01, 2003 (9:00 am)
I know it's pretty much the exact same vehicle - and to be honest - that's why I wanted it again. I am very happy with the way the PF looks, runs, and performs...
I looked at the new 4Runners, the Murano, Explorer Sport Trac, Frontier, and even considered a Maxima (for better fuel mileage).
I didn't owe much on my 2001 PF LE at all - I put a HUGE down payment on it when I bought it back in December of 2000.
It was just about to go out of warranty (just under 36k miles) - it also needed new tires (well, eventually, probably in the next year anyway). It also had a couple interior problems/defects (tear in the leather on one of the seats) and numerous scratches that always bugged me.
But, the main reason I traded in a 2001 for a 2003 is this:
I refinanced my original loan on the 2001 PF a few months ago. My wife and I had some major credit card debt and a couple other loans that we were paying high interest on and we decided to take the equity out on the Pathfinder and refinance for what we owed in other debts and what little we owed on the PF.
Thus making it seem like we only owed on a brand new vehicle (that was 2 years old) and no longer were paying 16-20% APR on the other debts.
This made our payments jump quite a bit (of course) and then I started to realize that I could get a brand new truck for pretty much what we were paying on the 2001.
The orginal loan amount was 6.5%, when I refinanced I got it down to 5.75%, and then on my 2003 (that I pick up in a couple hours( - my % rate (from Nissan) is 3.9% (+ $1000 rebate).
So, I have nearly cute my rate in half (not quite - but close) and this helped in making the decision to do what I did as well.
I am probably crazy - but I am happy with my decision and the finacial issue is exactly the same (as far as I am concerned) and I get a new car out of the deal.
I can't wait to get my Polished Pewter baby home today.
Note: I'l do some more checking on the Limited Slip issue also.
#6521 of 8191 That is a financial loser though mbunting
Apr 01, 2003 (10:08 am)
Payments cut in half? I am guessing that you refinanced your CC debt for about a $25K loan on the 2001. That would probably be about as much as a CU would allow you. Then, 48 months is as long as they go on a loan. That would make your payments $584/month. Then trading for the 2003 (I am assuming you traded at the dealer.) you would get about $16k meaning you were upside down. $9K then had to be added to the ~$28K price of a 2003 making it $37K - the $1000 rebate is $36K. $36K at 3.9% for 60 months is $661/month. Then you also have an extra year to pay on it. What figures do I have wrong here that allowed you to cut your payments in half? A $300/mo payment on a 2003 Pathy LE?
#6522 of 8191 I never said my payments were cut in half......
Apr 01, 2003 (11:23 am)
I said I cut my APR (Annual Percentage Rate) nearly in half...
The payments went up - a little - not too much at all really (about $78) and the loan term is 60 months (versus 48 on the previous loan).
Sure, I'm paying more for the vehicle (2003) than I was for the 2001, but I like my situation.
16K for trade in?? I never said that either....
Try $21K ($20k actual vehicle - $1k for the additional options/accessories that I installed myself, you name it, it was on my 2001 LE).
I also got the Nissan extended warranty (60 thousand miles) and I was able to negotiate the price of the warranty from $1095.00 to $795.00, and included it in the finacing as well.
No document fees, etc paid to the dealer either. Oh - and I was able to get a free Front Bug deflector this morning when I went in to pick it up because it wasn't ready when I told them I would be there - I didn't even ask - they asked me...it was installed and everything for free within 30 minutes.
Overall - very happy with the 2003, so far.
#6523 of 8191 Well, I was just trying to make sure that you knew
Apr 01, 2003 (11:42 am)
you had just taken on an additional $11K in debt even when you take the credit cards into account albeit at a lower interest rate. Enjoy your ride.
#6524 of 8191 I know - I thank you for your comments
Apr 01, 2003 (1:16 pm)
I understand - as I'm not not trying or intending to mislead anyone here...
I'm a numbers guy - and I understand what you are saying.
When I bought the 2001 LE -I emailed about 30 different dealers in the Baltimore, MD area - telling them exactly what I wanted on it, what color, and exactly what I would pay (out the door). 29 dealers said "No way", but 1 dealer (Tischer Acura/Nissan) replied back saying "We have it - and we can do the price, when will you be in?" I purchased the next day.
With this loan/deal, I simply feel better having a warranty for the next 5 years while I'm making such a large payment anyway.
If I would have kept the 2001 PF - I wouldn't have had a warranty here in a month or so....and I would have needed a new set of tires soon.
That's about $2k there - that I don't have to put into the new 2003 PF now...and what happen if I need some major work done on the 2001 PF (not likely, but it could happen)..I would have to pay for that out of my own pocket. I didn't like that idea at all - especially since it seemed I was paying for a 2003 anyway.
Sure, my situation was not an ideal one to be in (believe me!) - but I like things better this way now with the 2003. And the CC's have been cancelled and I will never have more than 1 CC for our family, and it is being paid in full monthly, and will be from here on out.
I'm also in the military and I'm trying to enjoy my life more nowadays...I just returned from a deployment to Kuwait this past fall...and I'm next in line to go again here soon (from where I'm stationed at McChord AFB in WA St.). So, I have decided to live a little and enjoy life in my new PF
Thanks for your comments and have a good week!
#6525 of 8191 options & accessories mbunting?
Apr 01, 2003 (4:09 pm)
what kind of options and accessories did you install on your 2001 LE? i'm just curious what kinds of things you can do to these trucks....
btw, I opted for the Traction Control on my 2003LE making the lack of a limited-slip differential a moot point.
i'm coming up on 2000 miles with no problems. I'll admit that the V6 in my Accord is much smoother than the Nissan 3.5L.
#6526 of 8191 coolant leak
Apr 06, 2003 (9:32 am)
I noticed this morning that there is a very small puddle of coolant on the garage floor under my 2001 LE (20,000 miles). The rad is full but the reserve is empty. Seems to be near the middle/rear of the engine. Nothing obvious from the top...I'm taking it in to the dealer next week. Anybody have a similar problem? What was the cause? Thanks.
#6527 of 8191 10,000mile Review
Apr 06, 2003 (1:32 pm)
I have just tipped the 10,000mi mark on my '03-LE. Thought some of you may be interested in my ownership experience. I am happy to say that I have had no problems thus far. I have taken the vehicle cross country, over mountain passes several times, through several snow storms, dirt/ice/ and snow covered back roads and mild 4 wheeling. The PF has performed well in all conditions. Can't wait to hit the mountains this spring, summer, and fall for flyfishing trips. I have averaged 18-20mpg using 85-87 octane. I drive a Jeep Cherokee and Blazer at work, used to have an Explorer. The PF out performs them all in ride quality, comfort, and overall quality.
Suggested improvements: Improved gas mileage, more leg room in back seat, better turn radius, standard skid plates.
By far the best vehicle I have owned. Would love to hear from others...
Apr 06, 2003 (7:16 pm)
Are you getting anywhere close to Schlepp's MPG scores?
I'm a long way from 18-20 MPG (after 3500 miles) as I'm still averaging around 12-14 MPG even when doing some highway driving.
I'm getting concerned...
#6529 of 8191 coolant leak
Apr 06, 2003 (9:16 pm)
I had a similar leak on my 01LE about 6 months ago. Found out it came from a small (1/2"?) hose on the driver's side engine compartment. If memory serves, I think it connected to the manifold. I could see the hose but couldn't see the leak (it was very small but the smell was very distinctive after a long drive). I found out by reaching around the bottom of the hose near the clamp. Took it in to the dealer and they replaced the hose in a couple of hours-under warranty. Hope this helps. Let me know if you need more info.