maxima2k2

Today, my family and I went to the dealer and I found 07 3.5 SL I absolutely loved. It comes with the drivers preferred package, HID's, Bose with woofers, auto dimming side and rear view mirrors, no navigation and more. Sticker price was $33,145, then he brought it down with the final offer at $29,900. Then after debating, he brought in the manager and discussed it. I told him $29,000 even, this is all with 60 mo. w/$2000 rebate at 9% int. through NMAC. Is this a good deal? Said to him to give us a week to think about it. Would it been better if we just signed right there? How much did you guys pay and financed?

!PrjctMax!

iTrader: (38)

Wow...9% for a brand new car? You are getting on the interest rate, considering it's a brand new car and most car companies offer 60 months at 0%

Sticker price being $33,145 and you got it down to $29,000 + the $2,000 rebate, so total being $27,000 at 9% = $29,400 (about $490 a month)

Tell them to shove the 2k rebate up der butt and tell them $29,000 with 0%

"If my calculations are correct" -Velma from Scooby Doo-

rabit

iTrader: (1)

I bought an 07 3.5SE last year. Sticker was 27,430 but out the door was 24,989. Seems like you got a good deal to me...you got all the options except the nav. Good luck with your new Max.

Glude

iTrader: (5)

Ya that int. rates pretty steep.

rabit

iTrader: (1)

Isnt Nissan doing the End of the Year sale now?
I think they are offering 0% financing too.

blackmax07

Wow, one month ago I paid 28,800 for the same thing , thats a steal, although the interest rate is steep. Then again I had a lot of help, I knew the manager and sales man real well.

largepkg25

First, the final price of $29k was after the $2k rebate. Second, 9% would be throughout the entire 5 years not just the first year. Third, I just purchased the same car but the SE model and I got it for $28,300 but I decided to give back the $2k rebate for the NMAC 1.9% 60 month finance deal. They also financed the whole deal with zero down.

The 1.9% is still available and as long as you're keeping your vehicle longer than 3 years you're much better off taking the 1.9% and giving back the $2k. Dear god please don't take the 9% though. I could have taken the $2k and financed through NMAC @ 6.5% for 60 months.

!PrjctMax!

iTrader: (38)

Tis why I said "if my calculations are correct!" I guess I didn't do it right? Because I did do the 9% for the entire 60 months...

largepkg25

No biggie but you did $27,000 + 9% which = $29,430. This only accounts for the first years interest. You'll have four more years of butt raping to deal with. It would actually be $29,000 @ 9% for 60 months totaling $36,119! WAY TOO MUCH!

Also, guys if you're looking for the best price goto carsdirect website and do your homework. They are very close to the bottom line on vehicles.

!PrjctMax!

iTrader: (38)

Can you say how you did that math?

largepkg25

I used a standard amortization scale of course.

largepkg25

Just google "auto loan calculator" and you'll get plenty of websites that'll do the math for you.

I work with numbers for a living but with google out there it's really easy to find anything you need.

Ritz

iTrader: (2)

just search for loan calculators...

and, 9% sucks. my credit is about average and I've got 6.25% through my credit union on a used car loan.. you should be able to do a lot better going through just about any bank, and especially a credit union..

also, the 0% financing thing... only about 10% of people who apply for that actually get it.. so it's not like it's just that easy to go in and take your 0% interest loan.

largepkg25

Unless I'm mistaken 0% isn't an option through NMAC. They are offering 1.9% for the 60 month loans and you must be tier 0, 1, or 2. Maybe it's an option on less than 60 month financing but according to their website its not available?

RHMax

I got my '05 w/ DPP and other stuff, sticker $32k-ish, for $29k+TTL; no rebates and 2% for 60 mos. Plus they gave me about $2k extra on my trade-in ('01 Pathfinder), so I think you can beat the $29.9 easily. And 9% is rediculous for a Max.

maxima2k2

The 9% interest rate was a promotional rate they were using, since my dad has a good score, we should be qualified for better rate, around 6%. Also the 29k is with the 1k trade in of the 91 maxima. He also said something about financing through NMAC for the 1.9% which i don't really understand. Is the 29k a fair amount? After looking at the cars in the lot, it would have probably been better if we test drove the SE because looks like it has the driver's preferred package because all of them has HID's and the Bose, plus it looks better with the stock spoiler and the rims are nicer than the SL's. Do the SE's have the rear deck light? Since the SL's have the rear deck light and if I were to purchase a spoiler from the dealer, will it be the same kind as the SE's? So which options, if any will be the best deal?

Nietzsche

iTrader: (7)

Alright here's the deal, most people don't know anything about cars and just say f the dealer. At 29,000 they are making 1k plus or minus 100 bucks. That's a fair deal if you ask me. If every car went out at invoice there wouldn't be any dealers left. You could talk them down more but it's not a bad deal, and the salesman has to make money, commission on 1k isn't great. As for interest rates, 1.9 on 60 is a good rate but you lose your 2k rebate. 7 percent is standard right know for 60 months, but that's with good credit. So take it or leave it, if you are below a 660-670 than you won't get prefered rates and you have to be above a 720 for stellar rates. NMAC is more forgiving so I'd say ditch the rebate and go for the 1.9 if you qualify.

largepkg25

Yeah, the reason why I purchased the SE was because I liked the rims (18'' vs 17'' on the SL) more and the spoiler was nicer as well. No, the SE doesn't have the built in rear deck brake light, it's on the spoiler.

My SE has the driver preferred package as well.

xoomer.com

iTrader: (19)

I've purchased my 04SE all options except NAVI back in 08/04

Sticker price was 33100 got it down to 26800. I don't think you should be over 27.5 with the options you've mentioned.

Plus that interest rate is R.A.P.E. New car should be anywhere from 0-5 %. Good deals are around 2-3% of course. My dealer recently offered 1.4% sans $1500 bonus.

Nietzsche

iTrader: (7)

Unless the manufacter has offered a special rate than you are subject to national standards. As for price there is more than just the car, if you trade that effects the price. Unless the dealer is going to take a loss there is no way they are going down to 27.5. Again, if every car went below invoice(and it does happen) then there would be no dealers. You realize the only reason manufacters and dealers stay in business is parts and labor. If it were only sales cars would be another 2-3k easy.

xoomer.com

iTrader: (19)

I'll call my rep later on today, lets see what we can get.

S_Klass

There are more kickbacks than you think in the automotive world. Dealers can continue to sell cars (indefinitely) at invoice and still be profitable as volume/sales/financing also nets them a profit at the dealership level (as opposed to per car).

Selling every car at thousands below invoice however may not be so wise.

blackmax07

Honestly the price you got is the best your going to get..I got 28,800 and I was real good friends with the manager and sales guy..The only reason he got me to 28,800 is because he had some "Nissan Credits"..I guess some dealer discount, or money he gets from nissan which he put towards my car..Now I Know even though I'm friends with them, they still made some money, but trust me..The price your getting is great..

wsu

I think edmunds.com has a payment calculator. You may want to put in numbers for various purchase scenarios you are considering and compare the TOTALS for each payment structure you are considering. I would speculate that the 9% interest rate results in a very high total. Good luck!

bb700092

I bought a 2007 Maxima SL with everything except navi. The sticker price was $33,845. I got it for $30,000 and $500 cashback and 1.9% APR for 60 months with $5000 down (though I could have put less down but I wanted to reduce my monthly payments).

I also got the bumper to bumper warranty coverage for 7yrs/70K miles at about $17 per month until I pay off the loan. The salesman gave me another $100 discount from the price of the car for purchasing the warranty.

So my car price came to $29,400 + tax/title/dealer fees. Was it a good buy?

blackmax07

yep, great deal man..29,400 is a great price..Mine came to 28,800..

Ritz

iTrader: (2)

sounds pretty good. might have been able to get a few hundred more out of them, but that's not much in the big picture.

minsbang

wow, the int. rate is high for a new car....

take your time and shop around.... i am not 100% sure about the '07 clearance sale... is it going on now? if not, soon....

largepkg25

You didn't do to shabby partner. Like mentioned you could've knocked off a few more bucks but everyone has to eat, even the dealers. The only thing I would have like to see you do differently is the down payment. At 1.9% you should let them finance the whole deal and you'll make more money investing that $5k somewhere else. Hell, I did the same deal as you and I was also about $2500 upside down on my trade. I put zero down and I'm using there money to make a few bucks.

chernmax

iTrader: (15)

It may also depend on his credit rating...

bb700092

What exactly did you get for 28,800? Is yours a SL with everything except navi?

blackmax07

Yep, black on black SL, everything but navi..

bb700092

I have a question for you. In my 2007 Maxima SL (that comes with VDC), I find that when my foot is neither on the gas pedal nor on the brake, the car deccelerates until around the speed of 15-10mph after which it accelerates a little unexpectedly and of course undesirably. Note that the car is not on cruise control. It seems that some base RPM is catching up with the residual speed and making the car accelerate. Is this a problem with my car or is this normal with all new Maximas? Is this a problem with CVT? Have you noticed something like this in your car? Please try and let me know.

blackmax07

hmm..Thats odd, I think all new cars automatically decelerate if your foot is not on the pedal, for safety issues..although about the jump of speed, I guess I'll just have to pay attention to that when I'm driving around..Sorry not really sure, but I'll defintly look into it when I'm driving around...

Strontium

That sounds about how I did. Was, also, 3k upside down on the trade. No money down. $30,000 + fees and $1,000 for the extended warranty. They tried to sell me the car for $33,000. Told them that wasn't happening. Didn't really have to haggle. Left me wondering just how badly I got screwed I did my own financing, so didn't make a down payment either.

largepkg25

Was the 1.9% not available to you? Otherwise your payment must be

Strontium

Not sure, as I still have a bankruptcy on my credit rating

theKerb

I have the exact same thing happening to me (black on black is the way to go, btw!). I asked the dealer about it, he said it was normal and it had to do with how the CVT "sets" itself in different "gears" -- which makes sense somewhat. It didn't really bother me, so I didn't pursue it further. Would love to hear what you find out though.

Ritz

iTrader: (2)

sounds a bit like "shift shock" of downshifting... the lack of the engine slowing in between "gears"

bb700092

I still cannot believe that in order to sell me the car for 29.4k, the salesman acted as if he is selling the car for a loss. He was virtually pleading me to give him some more money. He stated that he is having to sell the car for a loss because they have a target of selling 13 cars by Friday and I am their 13th customer. Since it was around 11pm (the dealership is supposed to close at 10pm) and I could see that I was the only customer left, I believed in him. When I finally left the dealership with the car after all the paperwork was done, it was almost 1:00 am on Saturday.

Was your sticker price exactly $33,845? If yes, I have to say he was an extremely good actor, could have given Tom Hanks a run for his money