By accessing this website, you acknowledge that Edmunds and its third party business partners may use cookies, pixels, and similar technologies to collect information about you and your interactions with the website as described in our
Privacy Statement, and you agree that your use of the website is subject to our
Visitor Agreement.
Comments
Mu internet salesman so far seems way more honest than the last real live salesman I talked with who made me wait an hour for his best price, but when I walked came after me with a price $500 less that his best (where do they get these people and how stupid do they think car buyers are?)
That's why it's hard to compare lease price to sale price. Plus you have mileage restrictions too.
$1800 for a new car and payments less then $270/m is a great deal. I needed a new car and this was the best deal for me. I have no plans on keeping the Versa for more then 2 yrs. So why would I buy the car and loose my shirt on the deal in 2 years. This way, at the end of my lease, I'll be walking into the Infiniti dealer and driving off with a new FX35 (when you lease through Nissan motors at the end of your lease, you call them and they give you a reference #, give that number so the dealer Nissan or Infinity and walk out in about an hour) with basically nothing out of my pocket.... BTW, I get 30K miles on my lease, and I wont come close to it in 2 yrs.
So for ME the lease was the best way to go....
Also the price I paid for my Versa was less then dealer cost..
Nissan North America Inc. has launched the Versa sedan at the same base price as the Versa coupe - $13,165 with a manual transmission, including destination charges. With an automatic transmission, the 1.8 S sedan is $13,965.
The higher trim version of the model, the 1.8 SL, starts at $15,165 with a manual transmission, and $16,165 when equipped with an automatic transmission.
The coupe version of the car went on sale in July.
-end
Seems like you could have bought the car through a regular loan and just sold it after 2 years. You could have got a 60 month $13,0000 loan at 8% and paid $264/month. Put your $1800 down, so it's up to $14,800, plus your trade in to get up to the out-the-door price. After 2 years the loan balance is $8400 (based on an amortization table), and you will have paid $6336 (24x264) + $1800 down payment = $8136 total out of your pocket after 2 years, which is similar to what you paid out of pocket on your lease. The difference is that you'd still owe $8400 on the car, but if you decide to sell it, any selling price over $8400 is profit to you and the money you'll save on buying vs leasing. You could probably get $10,000 from a dealer trade-in and pocket $1600, or sell it yourself for $12,000 and make $3400.
The difference between the lease and just buying a car is that the dealer makes the money on the next sale instead of you. Leases are really designed to allow people to buy cars that they really can't afford and give the dealer the opportunity to basically sell the same car twice guaranteed.
I'm sure in two years you'll be able to easily lease another vehicle even though I'm not sure what you mean about walking out the door with a new FX35 with basically nothing out of your pocket really means...are they giving you a brand new car! It sounds like they're just giving you a brand new lease and I'm sure that the dealer is very happy with your business. That's probably why you'll be in and out in under an hour. The dealer is getting an easy profit, so they don't need to keep you longer.
Even here in the Edmunds, they have separate forums for "prices paid" and "leasing experience" because you can compare your lease payments to what other dealers will give you on a lease, but you can't compare the actual price a lease is based to the actual price a person paid for buying the car...apples and oranges. But people can just do a google search on "buying versus leasing" and find all this out too.
What I mean about walking into the dealer and walking out with a FX is basically this. My Versa well be worth X (according to Nissan) but with the less miles on it well be worth more...
Also with a 60 month loan, you are upside down until half way through the loan, with the amount I put down on my lease.
Happy Holidays.
And what does it matter if you are upside down until halfway through the loan? At least you can sell the car after two years. I guess if your plan is to have continuous car payments for the rest of your life, and you don't drive very much and keep your miles low, then leasing can be okay. But it still costs more in the long run. Unless you use it for a business and you can write off the lease payments.
You've basically given Nissan over $8000 to rent the car for two years (actually more because I don't know the value of your trade-in). I guess in my mind that's hard to justify...I guess I'm cheap! Every car I've bought I've kept for at least a few years after they were paid off. But this discussion belongs in a "lease vs buy" forum!
Now your figured are wrong for the Versa, the MSRP for my Versa was $17,015 w/ destation. Now the dealer added items to the car which I didn't want, and they gave them to me. WHich was Tinted windows, Paint Protection. My price for the car was 16,500, so yes it was LESS then MSRP... I think you need to go to the nissan web page and see the REAL MSRP..
once again, Happy Holiday
And I calculated the MSRP based on the information you provided: SL CVT Convenience Package, but now you're saying you also have tinted windows and paint protection, so my MSRP was correct based on the information you provided.
And like I said, if you're getting a new car every two years and writing off your lease payments, then leases can be good. But at least now everyone knows the whole story.
What started my question was your post 875 where you said that you bought the Versa for $250 below invoice when in reality you leased it, which is a lot different than buying it, and the price that was the basis for your lease monthly payments is less than MSRP, not invoice. Maybe I was the only one confused in originally thinking that you actually bought a Versa for less than invoice rather than the real situation.
this whole thing started when YOU made a comment about getting a great deal. At the time, when the Versa I bought my was the FIRST sold at my dealer, i did get a great deal and it was UNDER thier Invoice price. I'm done with this thread, as I'm "arguing" with someone who hasn't even bought or try to buy a versa...
Tony
I'm sorry if you don't like questions about your lease deal, but when people make statements about a given price paid, it's misleading unless you know all, and not part, of the facts behind the deal. I've seen many posts where people brag about getting $1000 below invoice, only to find out through many questions that they were totally ripped off on their trade-in. So they go bragging about getting $1000 below invoice while the dealer made $5000 on their trade in. So it's helpful for everyone to have more information.
Merry Christmas
Do you have any comments about the car? or are you just going to bore us with your purchase stories?
Mark.
Its mandatory for sale in Canada.
Ford makes them available to Fleet customers so some Fords with DTRLs may sneak into the pre-owned market.
Mark.
Thanks.
I have driven manual transmition cars since I learned to drive, so I would not have to get used to it. Besides, shifting gears makes driving more interesting.
I just wanted to ask for any advice or comments on which of the two you prefer, and why. Which one feels better when driving? Are there any fuel consumption advantages on either of the two? Which one makes the engine work more efficiently?
I also would like to know if selling a manual transmition car (as pre-owned) in the US would be difficult.
Thank you.
The CVT is the Versa is set more for Economy then performance, I have tested the new Altima with the 2.5 with CVT as well as the Maxima and the CVT in those car feel more like conventional transmission as far as the "rubber band effect"
Go out and test drive each car...
Niels
I can peelout in the versa by just keeping the gear selector in "D". The CVT is geared very low to help keep the engine in the fat of the torque curve. Basically Nissan wants you to use the Torque of the engine to get your around town then the HP.
When you are really ready to buy the Versa, tell the salesman, that this test drive is going to determine which car you plan on buying, so drive both cars for a while, about 10-15 miles in stop and go traffic to get the feel of the CVT... IF the salesmen says NO, move to another salesman OR dealership..
Niels
Thank you for your answers. I'm not sure if I understood right but you were comparing the CVT Vs. 4 speed Automatic. I would like to know more about the 6spd manual transmition. Has any of you tried it yet? Is it difficult to sell a pre-owned car which has a manual transmition? How does it compare with the CVT in fuel consumption?
Thank you.
The Versa isn't getting the mileage that nissan would like, but over all I am happy with my Fuel Mileage, I'm averaging 28. The Versa is a sub-compact car, and when you comepare it to other sub-compacts there are no over cars that come close to the Versa is ride and space. The car is a french design, the ride is very european, the seats are far more comfortable then the Honda Fit or Toyota Yaris.
If MPG is your #1 concern the Versa is not the car for you.
If comfortable is your #1 concern in a car, then the Versa is your car..
Tony
Plenty of headroom in the Versa, front and back. Don't really have any short folks in the family and nobody is cramped inside.
Haven't tried carrying a fifth passenger yet.
Niels
Some people just would not buy hatchbacks. I don't understand them, but such people do exist.
Nissan sent me another Versa brochure in the mail yesterday :P I guess it hasn't quite filtered back through the system that the sapphire blue 6- speed is already in my driveway with 1100+ miles on it.
My main concern is not MPG, is how hard it will be to sell a manual transmition Versa (pre-owned) three years from now in California. I have noticed that not many people in the States buy manual transmition cars.
I have researched all the subcompacts and I am almost sure that I will go for a Versa, specially knowing that Nissan has a partnership with Renault, a brand I love. I just need to decide if is better a manual or a CVT. I personally prefer a manual transmition, it makes you feel more in control. However, what worries me is the difficulty of selling a manual transmition car in the US.
I appreciate any advice. Thank you.
Nissan is on a roll lately on new cars, and the relationship with Renault is a good one. The new Sentra and Versa are proof of this..
Tony
Click here