I will be buying a used Nissan Altima in February 2007. Please give me your advice on which plan you think is better, or suggest an alternate plan.
Plan A - I buy a 2003 model Nissan Altima from a dealership. The current blue book value is about $14,000 for a car with about 55,000 miles. I would finance this car over 4 years (but probably will pay it off in 3 years as I did with my previous car).
Plan B - I buy a 2000 model Nissan Altima with slightly higher than average mileage (80,000 - 90,000 miles) from a private party for about $5,000.
2006-11-24 03:59:01 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Personally, I'd go for te 2000 Altima. They're reliable cars and if I could save $9000, it's worth it. Just have the car checked out by a mechanic that you trust. It might cost about $100, but well worth it. If the private party won't let you have it checked out, don't buy it.
2006-11-24 04:03:38 · answer #1 · answered by Anonymous · 2⤊ 0⤋
the dealership will offer you their own warrenty plan for an extra fee, but look it over very carefully. Most of the dealer warrenties are all fluff, and when something goes wrong, it's never covered under "their" warrenty plan. depending on where you live, if you buy private party, you don't pay sales tax which is a big bonus. You will also get charged a bunch of fluff from the dealer like documentation fees, lot fees, you name it, they'll try to charge you $500 for drawing up that paperwork you'll be signing. If the private party car checks out with a good mechanic, then I would go with that. 80-90K miles on a Nissan is nothing. Good luck, and choose wisely.
2006-11-24 04:12:30 · answer #2 · answered by burnttoast97 4 · 1⤊ 0⤋
Hello Daniel, I would look at all of the options that you have and weigh the decision on these factors
1. I can purchase used car warranty insurance on my own
2. How long will I keep this car
3. Will it be a collectors dream
4. How much driving will I put on the odomenter
A car looses at least 2,000 dollars a year in value, so I woulld have to go with the used older model and invest that other money in interest gaining investments.
2006-11-24 06:34:45 · answer #3 · answered by wrichard1 3 · 1⤊ 0⤋
idaho was almost right...yeah..coz i worked with car dealer for a month...but yeah..get ur car checked b4 u buy it from that person...n 55000 n 90000 n 2003 n 2000 doenst make much of a diff..when it comes to 9000$...see the amt diff n then think abt the worth...i dunno abt ur place...but if that here in india...n i pay 4500 $ after buyin 2000 model..then i can make that ld car almost new...n customized
2006-11-24 04:11:19 · answer #4 · answered by Raj Agarwal 1 · 1⤊ 0⤋
Plan B looks good to me and it should be for you too.... if .you pay less and even if you have to do a few repairs you are still money ahead and you are not paying the interest and you still have the same guarantee ----- all repairs are out of your pocket....
2006-11-24 07:31:02 · answer #5 · answered by XTX 7 · 1⤊ 0⤋
i would buy the newer one it is probably a certified used car plus which might have some warranty left. more resell value, lower miles, sounds like an easy one to me.
2006-11-24 04:02:56 · answer #6 · answered by tdoghenton 1 · 1⤊ 1⤋
Some dealers give you a warranty, I'd go with the dealer
2006-11-24 04:01:31 · answer #7 · answered by John Scary 5 · 1⤊ 1⤋