I have a 2006 nissan altima that i want to sell or trade in it has 94300 miles on it and im asking 7500 to 8500 for it is that reasonable?
Its a 2.5s 2006 nissan altima with 94300 miles on it it has been well taken care off but its
time for an upgrade im trying to sell or trade it in for anywhere in the ballpark of $7500 to
$8500 everywhere ive looked they sell between 8500 and 10k so just curious if this is
possible and i probably should mention i still owe $8100 on the loan i have been paying it
off for 4 years starting around $24000 NEVER missed a payment.
kelley blue book, kbb, or edmunds...plug in and see what they are saying...a lot has to do with where the car is located and the vehicle report~~
that car is just gettin' it's sea legs....hang onto it~ go for the scheduled maintenance and be happy....a lot less hassle and there will be no surprises~
wow- this is a sticky question- still making payments and carrying full coverage gets expensive and seems to be not worth it for a 7 year old car- I hear where you're coming from- I think you already know the dilemma because you're asking "is that reasonable?" One of the problems is that an individual buyer is usually not going to have $8000 sitting around, would need a bank loan- and will the bank loan them money to buy from an individual- a credit union might, but a bank? So what to do? This is how the dealers get all the trade ins 'cause there isn't much else an owner can do if they get tired of their car, still have payments, and don't think the problem through. If you trade it in, YOU will lose a lot of money, and THEY will make a lot of money. Bottom line. At this point, all I can give you is advice on how to save some money (a good thing). Two options to avoid financing the car guys' extravagant lifestyle (mirrors on the ceiling, pink champagne on ice): keep it until it's paid off and use the time to rethink what it is you would REALLY feel cool driving; or trade it on a brand new car (not used) but make sure your payments stay the same and the insurance premium is the same. To keep the low, or lower payments, you will have to camp out at the dealer's showroom all day long, they will try to wear you down through attrition, starve you out- but don't give in until the sales manager approves the deal YOU want. I hate to say it, but I don't think you did samurai battle the first time, $24K for a Nissan Altima, you still owe $8K all these years later, the car has depreciated beyond what you owe, and if you do the math on what you will ultimately pay because of compound interest- you will be horrified (cue the zombie screams). I sympathize because I hate they way these car guys do business. You might come up with a better solution, like finding someone who will give you eight thousand cash, and I hope you do!
these things leak oil onto the distributor and fail....mine, like yours started firing on the upstoke in winter and started the pattern of detonation and ruining the connecting rods, bending them...the motor was never the same even after I put a new distributor in there....this is something you can watch for oil on the distributor base from a leaking gasket there~ Mine was a GLE with the aluminum wheels~ the motor trauma put it into a grade 4.5 despite it's fancy doo-dads~
I would just keep it until its paid off, then sell it for 5 grand in a couple years and use the 5 on a down payment on a newish used car if thats what you desire. I know the dealer will always try to entice you with a brand new car but I would look at nothing but the dealer approved used section. You can find some really great cars that were often leases which were well maintained and you'll get a nearly brand new car for about 50% of what an actual new car costs. Cars depreciate quickly and buying brand new is just a waste. And if your one of the many that likes to drive new cars but grows tired after a few years i would lease.
Like the idea of keeping the car, but have to respectfully disagree with making payments on a used car- not many used lots are going to give you a car for half of the new cost- examples: a $17,000 new Fiat 500 will not find you a 2 yr. old same for $9000 unless you are paying cash to the original owner- or: an $18,000 Toyota Corolla will not equate to finding an equivalent Corolla for $9,000- and the 2013 Corolla is an updated and better car than the 2011- you are right that the depreciation in value is initially huge, but only on paper- the dealers make sure they don't depreciate that much when THEY price them and resell them- you can win if you bypass the dealer, have 9 grand in cash and can find a one or two year old car from an original owner (car lot won't give it to you for that price) but who has the cash, and what owner isn't upside down on payments? I said I could only give advice on how to save SOME money- the way to do that is to buy new because you can get the new car showroom to give you a car on a slim profit margin- they will not make as much as on a used car that they just STOLE from someone on a trade in- The buyer gets a new car with factory warranty, a guarantee of no problems- and the peace of mind that this car they just agreed to overpaying for wasn't used by a group of teenagers to go partying at the beach every weekend- and forget the "Extended Warranties"- that sure costs a lot- just a new piece of machinery with a factory warranty included in the price is pretty cost effective comparatively- and anxiety free- and fun, fun, fun
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