Last post on Dec 05, 2013 at 12:05 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
#3619 of 3637 Re: Nissan Maxima 2004 SL - Crossed 80K Miles - Asking 8900 Is it worth to buy? [gmurugesan]
Oct 21, 2013 (4:41 pm)
Where do you get info as to transmission problems? When I look at reliability data on various sites I only see "infrequent" or "minimal" transmission problems. It's generally a reliable car. Before you buy have a mechanic check it out.
Are you planning to own the car for only 15 months? In that case I'd get an old car for the smallest amount of money.
Our '01 Maxima had over 130,000 miles when we sold it in good condition. I am sure it will go another 100k.
#3620 of 3637 Re: Nissan Maxima 2004 SL - Crossed 80K Miles - Asking 8900 Is it worth to buy? [suydam]
by Kirstie@Edmunds HOST
Oct 22, 2013 (8:14 am)
I agree. If you only plan to own a vehicle for 15 months, your best bet is to choose one that has already hit a low point in depreciation. For example, my son bought an older Honda Accord last year for $3700. 13 months later, it's still worth about $3700, maybe a couple hundred less. As a bonus, it's pretty good on gas and his insurance costs are low.
#3621 of 3637 Should I lease a Nissan leaf or keep my Saab 9-3?
Oct 27, 2013 (8:16 am)
We drive very few miles a year (probably about 6-7,000 total). Our primary vehicle is a 2011 Jetta Sportwagon TDI, which we own outright. It has 10k miles on it after 2 years. Our other car is a 2006 Saab 9-3. We purchased this about 1.5 years ago for about $9.5k. We've put 1.5k miles on it during that time.
Unfortunately, the Saab has been a huge headache. We've probably put $2k into it in repairs, and it's been in the shop on multiple occasions. This is extremely inconvenient, both because I have a busy work schedule and hate taking time out for this kind of thing, and because although we don't drive much, there are specific times during the week where we need two cars.
The Saab is in the shop again for a $700 repair, and I'm fed up. I'm considering selling the Saab (only worth $6.5k now to private party) and leasing a Nissan Leaf. This could be an ideal second car for us, since the vast majority of our trips are <75 miles, and for those few times where we take a longer car trip, we can use the Jetta TDI. I've always read that leasing is the worst financial decision (when compared to buying new and buying used), but I came across this article (http://evworld.com/news.cfm?newsid=31045) about leasing a Leaf that makes it sound like a pretty good deal because of the Federal tax credit. And to be honest, I'm so tired of dealing with maintenance with the Saab that I don't think I can bring myself to buy another used car. The Jetta has been so nice in that respect; we've taken it in for the annual service and that's it. I realize that even if we spent $1k on repairing the Saab each year, it would probably be cheaper financially to do that than to lease a new Leaf. But as I wrote above, money is only one consideration. I suppose another option would be to sell the Saab to a private party, and apply that to the outright purchase of the Leaf. With the Federal tax credit, and the money from the Saab, we'd only have to shell out $15k which is not bad. I'd love to hear your opinions and advice! Thanks.
#3622 of 3637 Re: Should I lease a Nissan leaf or keep my Saab 9-3? [mrswitters]
Oct 27, 2013 (12:50 pm)
Well of all the vehicles you could buy and put such few miles on....the Saab is most likely to cost you the most per mile. To get the most benefit out of a lease, you really need to utilize it for the stated miles. Basically you're paying for those miles whether you use them or not.
Personally I think this is a great opportunity for a newer high mileage car. You can pick up a couple year old Camry/Accord with 60k-80k miles for $10k-$12k which means you're out of pocket $6k max. Most anything besides a Saab (or anything European for that matter) will need next to nothing for many years with such little use. I'd look for a private party car with great maintenance history and mainly used for highway driving. These cars usually go 100k-150k miles with almost no repairs.
Buying a new car and putting very few miles on it will hurt the most because it's going to depreciate a huge chunk of money whether you drive it or not. A used car with high miles has already lost 50% or better and if anything after a few more years it will have average miles.
#3623 of 3637 Re: Should I lease a Nissan leaf or keep my Saab 9-3? [mrswitters]
Oct 27, 2013 (12:54 pm)
There are a number of different possibilities for you to consider. I have also thought about leasing a Leaf as an around town car. Advice now is to lease because it is hard to say what the value will be in 3 years. Nissan recently cut the price rather dramatically.
The other choice would be to sell private party and get a new subcompact the size of the Leaf, like a Honda Fit. You could still have a new car and something like the Fit holds its value well.
#3624 of 3637 Re: Should I lease a Nissan leaf or keep my Saab 9-3? [sebring95]
by Kirstie@Edmunds HOST
Oct 28, 2013 (5:34 am)
Yes, my experience has shown that owning a used Saab can be an expensive proposition. Before we got rid of ours, it was costing about $800/month in repairs... always something different. So, I can certainly understand the feeling of being worn out & burned by a "needy" used vehicle. However, as mentioned, pretty much any used vehicle is going to be better.
And yes, leasing the Leaf would entail giving away miles.
#3625 of 3637 Re: Should I lease a Nissan leaf or keep my Saab 9-3? [suydam]
Oct 28, 2013 (5:49 am)
This would certainly be a sensible choice, as would buying a used car like a Camry. I'll need to look into options further, but to be perfectly honest at this point I may be willing to pay a little more for something nicer to drive. I test drove a Fit twice and it just felt like a tin can, especially compared to our current vehicles (Jetta Sportwagon TDI and Saab 9-3).
#3626 of 3637 Re: Should I lease a Nissan leaf or keep my Saab 9-3? [mrswitters]
Oct 28, 2013 (6:07 am)
I would have a hard time believing there's a big difference in "tin can" feel between a Fit and a Leaf. I don't like small cars at all so they all feel like that to me. You could pick up a lot of very nice used vehicles for the price of a new Fit and get far more for the money. Again, outside of Euro cars you should be able to own the thing for many years without spending much in repairs.
#3627 of 3637 Re: Should I lease a Nissan leaf or keep my Saab 9-3? [sebring95]
Oct 28, 2013 (7:12 am)
That was my thinking too. The Leaf and Fit seem pretty comparable to me. Why even consider the Leaf, then? Just get a used Camry and it will probably run forever.
Oct 31, 2013 (12:04 pm)
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