How Much Should I Pay: 2009 Nissan Altima
Question From Mary: Hi…
Looking to purchase new Nissan Altima in Vermont and the dealer I went to had a 2009 demo on the lot…It is the Altima sedan 2.5 S with SL options. The price they are giving me is $25,000 and it has over 4,600 miles on it. I keep saying they can do better than that. I qualify for 0% financing, but I still think that price is too high. They are giving me $1000 for my trade in, Altima 2001. Any thoughts on this deal? Thanks
Follow Up Comment: Thank you for your response. My car has 121,400 is the milage and has some rust on the front right wheel It is the GXE Limited Edition Altima s. Very high. I decided that I didn’t want a car with close to 5,000 miles on it. So now I am looking at 2010 Chevrolet Malibu LTZ The MSRP is 28, 200. I would like to know what I can expect for a good deal on that.
Thanks
Queen of the Road: Hi Mary. Welcome to AutoBragBlog!
For a 2001 Nissan Altima Sedan GXE Limited Edition with 121,400 miles, wholesale prices range from $3,400 (being in above average condition) to $2,600 (being in average condition) and $1,800 (being in below average condition).
A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $2,400 to $4,100. A private seller will usually aim to sell it for 5%-10%.
According to AutoBrag’s statistics for the 2010 Chevrolet Malibu,
The National Average discount off MSRP: 5.24%
The National Maximum discount off MSRP: 16.37%
If you see a particular car you want, you can easily calculate the percentage off MSRP to see if you’re getting a good deal by comparing it to AutoBrag’s discount statistics.
How To Calculate The % Off MSRP: MSRP – Selling Price = X / MSRP = Y
Selling Price = The price the dealership is willing to sell the new car for. Excluding tax, registration and dealer fees
X = the dollar amount saved off MSRP
Y = the % off MSRP (Move the decimal point over two digits to the right and that’s the percentage you’re saving.)
Before you begin calling or visiting every dealership, I highly recommend you start a virtual negotiation with your surrounding dealers through Braggle on www.AutoBrag.com. You basically place anonymous offers to all dealerships within a 25 to 200 mile radius within your zip code. Dealerships get to compete for your business without gaining your contact information. This method is the easiest procedure and it’s free of charge. There is no obligation to buy if a dealer accepts your bid.
November 2nd, 2009 at 6:30 pm
Thank you for your response. My car has 121,400 is the milage and has some rust on the front right wheel It is the GXE Limited Edition Altima s. Very high. I decided that I didn’t want a car with close to 5,000 miles on it. So now I am looking at 2010 Chevrolet Malibu LTZ The MSRP is 28, 200. I would like to know what I can expect for a good deal on that.
Thanks