Last post on Dec 08, 2013 at 7:13 PM
You are in the Sedans
What is this discussion about?
Chevrolet Malibu, Nissan Maxima, Mazda MAZDA3, Nissan Altima, Honda Accord, Honda Civic, Hyundai Elantra, Lexus IS 250, Acura TSX, Car Comparisons, Sedan
Oct 09, 2013 (6:39 pm)
I am coming off a lease on a 2010 Nissan Altima 2.5S Sedan. I just hit 31K miles on it and it's in pretty good condition. I am considering purchasing it since the set purchase price is decent (around 12.5K, KBB value is around 13.3K), the mileage is low, and I know where it's been the whole time .
What are your thoughts? How does the Altima hold up over time? What are the maintenance costs like as the car ages? I'd plan on keeping it for the next 4-5 years. I have a longer commute nowadays so I am probably looking at 12-15K miles a year of usage. To be truthful, the car has been great but I am not particularly attached to it and would rather get into something like a small SUV (Rogue, Forrester, CR-V, Escape). But of course, I don't want to lose out on what seems like a good value on this car.
Thoughts, opinions, reality-checks are much appreciated.
#3609 of 3640 Re: Buying Advice? [jagyossarian]
Oct 09, 2013 (7:13 pm)
Unless you really need an SUV, keep the Altima. I've driven the Rogue. It's based on the old Sentra. I think you'll find it a come-down from the Altima. The others are nicer, but will cost a lot more than $12.5k if you buy new.
One thing you might do is check with Nissan re special deals as you come off lease. I had a Sentra that came off lease this past summer, and Nissan was offering me 4 months waived payments, money towards wear & tear, and cash incentives to buy or lease a new Nissan. Leases are really good on the new Altima, or you could see what they would do on a Rogue or even a Murano if you want to go the SUV route.
#3610 of 3640 Re: Buying Advice? [jagyossarian]
Oct 10, 2013 (6:00 am)
Its definitely a fair purchase price. Seems they hit the nail on the head with the residual. That would probably get you right around $10k as a trade-in, $11k dealer auction, and $13k-14k retail.
If you like it, I'd say keep it. At 31k miles, its just broken in.
#3611 of 3640 Re: Buying Advice? [jagyossarian]
by Kirstie@Edmunds HOST
Oct 10, 2013 (10:27 am)
I'm going to echo the other 2 members who've said to buy it.
Even if you're not totally in love with it, it hasn't made you despise it. If you've got your eye on an SUV, your best bet would be to buy this (since it's at a lower price than you could likely find the same vehicle for on a dealer's lot), pay it off as quickly as you can, and then trade it in on an SUV. It'll make a nice downpayment.
#3612 of 3640 Re: Buying Advice? [jagyossarian]
Oct 10, 2013 (11:42 am)
Thanks all. I appreciate the perspective.
Backy - I wasn't a fan of the Rogue when I test drove it and chose the Altima over it so I think you're right that it would feel like a step down.
Qbrozen and Kirstie, it does seem like buying it is the way to go. My other option would be to try to find a used CRV or Forester but it seems that those cars are a few K above the price my Altima, have higher mileage, and have the uncertainty of unknown previous owners. Does anyone know what the avg. yearly depreciation on a vehicle like the Altima is past year 3? 10%?15%?
#3613 of 3640 Re: Buying Advice? [jagyossarian]
by Kirstie@Edmunds HOST
Oct 10, 2013 (11:56 am)
Q might be able to answer more directly, but you can check our True Cost to Own tool. It lists all of the costs, but breaks them out so you can see depreciation. Since your vehicle isn't at the 5-year mark, years 4 & 5 are estimated. If you want to look at more historical data, you can choose an earlier model year, though the depreciation is going to change based on other factors present for that particular model year (desirability, body style, etc.)
#3615 of 3640 Which used Crown Vic ?
Oct 19, 2013 (1:30 pm)
I just sent my always reliable 1997 CV to the junkyard, a victim of underbody rust. Got 280,000 miles out of the 'ol girl.
I use it for getting to sales calls only....no entertaining or clients or prospects ever are in the car.
I now have a choice to make
1.) A 1999 CV with 106k miles on it. A friend of a friend inherited it from her recently deceased Dad, who bought it new and most likely was garaged all the time. Lived in Florida until 2010 until he moved in with her family here in Indiana. No body damage, base pkg, white with grey cloth interior. No idea if the plastic intake manifold top was replaced during the recall, but I'd guess it was since seniors usually jump on that stuff right away. No idea on the transmission. Probably get it for around $2,200.
2.) A 2004 Crown Vic with all leather interior and 139,000 miles on it. Some nicks and scratches, mainly cosmetic. Had a mild collision that popped the air bag sensor but not the airbag itself. Airbag sensor has been replaced. Rear rotors are warped, as the car surges straight when braking. Mild smoker smell, but not bad and doesn't cause any residual odor in one's clothes. Has a non-oem stereo replacement that doesn't quite fill in the space left my the original. I can get it for $3,000 from a friend who has a wholesale license and bought it at the auction here in Indy. He says he can get $4,500 for it at retail, but I'm helping him out work wise with some extra training, so he'll let me have it for $3k. I trust him btw.
#3616 of 3640 Re: Which used Crown Vic ? [evolk1]
Oct 19, 2013 (5:49 pm)
I'd take the '99. Known history, lower miles, and no significant changes from '99 to '04 that would be a "gotta have" in my book. I sold one recently that belonged to a deceased relative and it was in pretty poor condition with 140k miles. Got $2k for it the day it was listed so I think that one sounds like a great deal.
#3617 of 3640 new sedan, but not German?
by Stever@Edmunds HOST
Oct 21, 2013 (1:58 pm)
A reporter is interested in speaking with a car buyer who recently purchased a new sedan, but did not consider any of the German brands (such as Volkswagen) during the shopping process. If you can assist, please contact predmunds.com by Wednesday, October 23 2013.