Last post on Apr 20, 2011 at 8:41 PM
You are in the Nissan Altima
What is this discussion about?
Nissan Altima, Sedan
#4674 of 4962 Dilema...Altima, Protege or stick with the older Camry
Apr 15, 2004 (4:42 am)
I have a 1998 Camry LE with 78K miles that I don't owe anything on...it's in need of some service, new tires and some paint work...depending on the paint work I choose to have, I expect it will cost me 1.5-2K to get the Camry in top shape...without paint work, probably $700-800
I was thinking of trading it in on a 2002 Protege ES (Dark Green) with 50K miles. It has a spoiler, moonroof/sunroof and side air bags...along with the all other things you get in an ES. The deal I have worked out currently puts me at about 3.5K plus tax and tag...which I would pay cash for.
OR, I could get a 2000 Nissan Altima SE, with the same options (car is black) with 63K miles at about the same price.
What woudld you guys do?
Apr 15, 2004 (9:19 am)
If those are your only options, I would keep the Camry.
BTW, if you were going to trade the Camry for the Protege in question, it should be a straight up trade. In other words, you should not have to pay any additional money. Where I live you can buy a used Protege ES with 50K miles for about $5000. Don't you think your Camry is worth more than $1500?
Apr 15, 2004 (12:10 pm)
Where do you live?
I'm in Pittsburgh, PA...the Protege is a 2002...a 2000 ES is being offered for 7,950...it has less miles and is not as nice.
The sticker on the window of this Protege is 9,999...a 2003 ES up the road has 16K miles and a sticker of 12,000...
I realize you should never pay sticker, but in this market, I'd have to pay 1/2 of the sticker/window price to get the deal you are talking about...
Apr 15, 2004 (12:35 pm)
I like the 97 Altimas, last year for the original style and with side door beams required for 1997 cars. (I own one)
#4678 of 4962 '01 Altima GXE Ltd. Ed.
Apr 15, 2004 (4:01 pm)
We have this car and with 60k on the clock, it's still a pleasure to drive. I test drove a '03 Pro, and was very underwhelmed.
Go for an Altima, a much better car, in my opinion. The GLE's are really nice also!
Apr 18, 2004 (5:46 pm)
ghave to agree with Tomcat 630 the 96-97 Altima's are a classic bodystyle. The 93-95 look the same as the 96-97's but the front grille and tailights are a little different. Nissan refreshed the 1st generation Altima in between the 95 and 96 models if I stand correct. The newer ones particulary the 02-04 Altima's are sweet looking. I'm just not sure if the tailights will age well and be a classic like the 1st generation Altima was.
BTW, the 96-97 Altima with a little spoiler on the trunk looks sweet. Not one of those tall looking spoilers looks a souped up car would have. I'm talking about a factory spoiler which would probably come standard on the SE trim(the sport model)if I'm correct for the 1st generation Altima's.
The 2nd generation Altima was on my shopping list for a first car 5 years ago.
#4680 of 4962 price for 2000 SE
Apr 19, 2004 (5:58 am)
Local Toyota Dealer has the following on their used car lot:
2000 Altima SE, 65,000mi,auto,burgandy color,power moonroof,good condition
Any idea on how much I might be able to get this for? See many GXE's, not many SE's. This is for my 18 yr old son.
ALso, when buying used, shouldn't the primary factor be what the dealer paid for that trade as opposed to the average selling price?
#4681 of 4962 rutger3...2000 SE pricing
Apr 19, 2004 (7:36 am)
The SE I was looking at had 63K miles, is black and in good to very good overall condition (has nice alloy wheels, spoiler, roof...)
The asking was 9.9K and when I stopped negotiating, we were at 8.9K. The trade-in on this car is about 6.5-6.7K. My objective was, like you, to get the best price relative to what the dealer probably paid for the car. I figure he paid between 6 and 6.5K, so if he would give it to me for 8 - 8.5K, we would have a deal (I have a trade-in as well).
The problem is that TOO MANY car buyers get lured into the nice financing rates, even on used cars, so the dealer here figures someone will come along and grab this car for the 9.9K on the window. He's probably right. I wanted to do a cash deal, and he was just outside my comfort zone.
Who knows, maybe as the end of the month nears, he will be willing to go a little lower...
#4682 of 4962 2000 se pricing
Apr 20, 2004 (12:52 pm)
Why should a dealer make 2000-$2500 on a used car? This is much more than they make on a new one. Wouln't $500 markup be resonable on most used cars? Also, why would anyone pay full sticker on a used car. Just some thoughts.
#4683 of 4962 2000 se pricing
Apr 21, 2004 (6:40 am)
Exactly, they shouldn't make that kind of money on a used car!
They always throw all kinds of stuff your way about how they "checked" the vehicle and added this or replaced that. The truth is, only one dealer I went to would show me a shop bill for what was done to a used car they brought in. So when they say "our shop bills for refurbishing this vehicle are 1.5K", ask them politely if you can see them. I'll bet they change the subject quickly.
Essentially, you should be TRYING to reach a price that equals what the dealer paid for the car (let's say 6K, although they will never show you/tell you) + what they put into it (let's say $500 because it needed "nice" tires and an oil change) + warranty (in this case 3 months, 3K miles so that is a big fat ZERO) + dealer profit (let's use your $500 example). Some certified used cars (like some Hondas I have seen) offer a 7yr 100K mile warranty...I might be willing to pay $500 for somehting like that, depending on the details of the warranty.
So, using the example above you get 7K. Now this is about 2-3K less than the "retail". So you can see that my offer of 8-8.5K was 1-1.5K higher than the 7K the car might really be worth, so why wouldn't they deal?
I go back to what I said before, the higher the price (or difference betwen your trade and their car's price), the more likely someone will finance it... and if they finance it, the dealers usually get money for those finance contracts (not sure how much), so financing is better for them. And if the car is sporty looking and in great shape, the longer they will hold out for the dad or mom that wants to buy the car for their son or daughter. Because they know dad will think $200-250 a month is affordable.
Now, if EVERYBODY knew enough about the values of the vehicles (and people didn't walk in saying "I need a monthly payment of $250 or less"), we could all get better deals! But since there are enough people who walk in and say that (I used to be one of them!), the dealer takes the gamble that eventually someone will do just that.
Also, if you have a trade-in, they will sometimes tell you they are giving you more money for your car than they should. From what I have learned, you trade is worth X...and X is what they determine from looking at auction values. So, if they say your car is worth 4.5K on the first offer, then later come back and say we have bumped up your trade to 5K, what they are really doing is lowering the asking price for their vehicle.