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Nissan Altima Prices Paid & Buying Experience

1853 messages,  Last post on Jul 04, 2008 at 3:51 PM

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What is this discussion about? Nissan Altima, Sedan


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#1617 of 1853
Re: Loan question. [karpediem] by jchan2
Mar 21, 2008 (8:02 pm)
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Replying to: karpediem (Mar 20, 2008 9:29 pm)

The interest is determined at the start; its a simple interest loan; no matter what, I believe you'll be paying the full interest.
 
I think..
#1618 of 1853
Re: Loan question. [karpediem] by busiris
Mar 21, 2008 (8:31 pm)
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Replying to: karpediem (Mar 20, 2008 9:29 pm)

On a simple interest loan, initial payments are majority interest and minority principle. Towards the end of the load, that inverts to each payment being majority principle and minority interest. Think about it for a minute...if it was any other way, you would never be able to pay off the loan.
 
You should be able to find a loan/interest calculator by searching on Google...
 
Try this site ...
 
http://mortgages.interest.com/content/calculators/mortgage_calculator.asp
 
Now, as to your question...Lets say you pay $50.00 extra on every payment. The additional $50.00 goes towards the principle payoff, since the interest is calculated on the outstanding loan at that time and is already covered by the loan payment for that period. So, paying extra each month will save you interest.
 
Does that answer your question sufficiently?
#1619 of 1853
Re: HELP!! 28,400 OTD? [jchan2] by tltc
Mar 21, 2008 (8:52 pm)
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Replying to: jchan2 (Mar 21, 2008 7:55 pm)

I'll get the breakdown in the morning. From what I'm figuring with the TTL&F what they are here, the Altima itself is $26,277 which is $624 below what Edmonds lists as invoice.
#1620 of 1853
Re: HELP!! 28,400 OTD? [jchan2] by tltc
Mar 21, 2008 (8:56 pm)
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Replying to: jchan2 (Mar 21, 2008 7:55 pm)

Correction on the post!
 
It's a 2.5 S (4 cyl) with the SL package (and the tech, connection, etc.) NOT the 6 cyl.
#1621 of 1853
Re: Loan question. [busiris] by neo_
Mar 21, 2008 (9:02 pm)
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Replying to: busiris (Mar 21, 2008 8:31 pm)

Nicely explained!
 
I bought my 2.5S last year on 21.5K loan for 5 yrs. I wud have paid > 5K interest. I paid off in 9 months, had to pay only $650. And try to make your initial payments at the earliest possible and of the maximum amount possible. The sooner you get your principle down, the lower the interest you have to pay.
#1622 of 1853
Re: HELP!! 28,400 OTD? [tltc] by jchan2
Mar 22, 2008 (4:12 pm)
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Replying to: tltc (Mar 21, 2008 8:52 pm)

Not a bad deal. I'd go for it.
 
Make sure you've taken advantage of the incentives available; the price seems fair regardless of whether its after incentives (in which case it'd be about $400 above invoice) or before incentives, but I'd try to get the incentives subtracted from the $26,277 number.
#1623 of 1853
Great deal on an '08 Altima but questions remain by cwo4
Mar 23, 2008 (9:19 am)
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Hello, Let me first say I get a new car about every two years. I put an average of 50K miles a year and to tell the truth, just want a new car after awhile. I like to try different brands and have posts in the Camry, Jetta, Subaru and most recently Chevy Cobalt forums. Now I'm driving a new 2008 Altima S with the Convenience package and CV transmission. I bought it because my brother in law's brother works for Nissan and I could take advantage of their friends and family program. My price before tax and tags and after the $1000 rebate was $19K. Not bad. I really like driving the car but comparing it to my lowly Cobalt I have to ask: (1) why doesn't the Altima have daytime running lights? (2) why doesn't the lights come on when the wipers are turned on? It has an "auto" feature but the best I can figure out is they simply turn on the lights after it gets dark. (3) why can't you add OEM equipment to your car after purchase? XM radio and driving lights are two I would add but to get them you had to buy a package, which had stuff I didn't want. (4) why couldn't they cover up the black foam strip between the dash and the windshield? When the sun hits it just right it shines. (5) why does the maintenance book still call for oil changes at 3750 when most other manufacturers have gone to 5000 miles? Again, let me state I really like this car and love to drive it, but I just wonder why? A few more Nissan tweaks and this car could be near flawless, in my opinion. Anyone else share my thoughts? Otherwise, I'm a happy with the Altima and really like the price I paid. It is more comfortable than the Camry I had, more responsive than most four cylinders and somehow more fun to drive. I also like the 29 MPG I'm getting in in-town driving. I intend to do some driving all over the US this summer unless gas goes beyond the stratosphere of over $5 a gallon. If anyone has made some very long trips in theirs, I'd really be interested in your "after action reports." Thanks for the opportunity to post.
#1624 of 1853
Re: Great deal on an '08 Altima but questions remain [cwo4] by busiris
Mar 23, 2008 (3:08 pm)
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Replying to: cwo4 (Mar 23, 2008 9:19 am)

Some good thoughts there...
 
I thought running lights were going to be a NHTSA requirement at some point, but there is a multitude of models without them. My guess is that automakers don't offer them as 1- it isn't a requirement and 2- constantly running lights would have a negative (although by how much I don't know) impact on mileage. I remember reading an article several years ago about how many barrels of oil were consumed daily by all the USA school buses running their lights all the time.
 
As for oil changes, it varies from soup to nuts between manufacturers. My BMW Z4 says every 15 K miles (using synthetics), but most others suggest a range between 3000 - 7500, depending on driving habits. I made my life simpler by going completely to synthetic oil, with oil/filter changes every 5 K miles on every vehicle I own.
 
I think you are also correct about the auto headlight function. I don't remember seeing anything in the book about lights automatically coming on with the wipers. However, and I could be wrong on this, but I don't think most cars have an "auto-on lighting system with wiper activation" feature. At least, not in the price range of the Altima...again, I could be wrong on this issue. One thing that I do find strange, however, is that there is no "fog light lamp" anywhere on the dash that I can find that is illuminated when the fog lights are on...strange....
 
Last of all, I have read many complaints about the way Nissan does its accessory/option packages. Probably due to some marketing "guru" who know what's best for us. Since I bought my Altima maxed out with the option packages, it really wasn't an issue for me.
#1625 of 1853
Starting to car shop again by nitromax
Mar 24, 2008 (9:05 am)
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I have just started looking into the Altima as my current car is now 7 years old and will need to be replaced with something larger ( my 3 year old is a pain to get in and out on those days that I have to drive him)
I was looking into the 2.5 SL with the tech package and I noticed that it forces me to ge the connection package.
As the previous poster mentioned...these forced packages are a pain.
 
Especially since I have Sirius satellite radio and no intention of swicthing to XM
 
Any suggestions on ways to get around it ? I want the tech package but don't want XM radio...not sure if the dealer would be able to uninstall the XM reciever or not...or somehow switch it to use Sirius (I'm guessing the antenna is hardwired into the car already)
Sure ...maybe with enough money, I can get the dealer to bedn over to my demands...but then I'd be paying for it.
#1626 of 1853
Re: Starting to car shop again [nitromax] by karpediem
Mar 24, 2008 (11:22 am)
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Replying to: nitromax (Mar 24, 2008 9:05 am)

With navigation you are out of luck, if you just had connection package, then you could have it switched. I say don't worry about it and enjoy your free XM for 3 months, then hope the merger doesn't take much longer >>>>> Merger Sirius and XM Once this happens you can get either or both.

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