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New 2012 or Used 2009

Originally Posted by iSteve370 Get the 12 with 0%, say you financed 35,000 at 4.5% you would be paying $4,150 in interest. Used car rates are higher as well even

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Old 04-23-2012, 07:34 PM   #1 (permalink)
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Originally Posted by iSteve370 View Post
Get the 12 with 0%, say you financed 35,000 at 4.5% you would be paying $4,150 in interest. Used car rates are higher as well even though you wouldn't finance as much. So at this point you're a couple grand cheaper to buy a car that's about to be 4 model years old. Regardless of the miles the resale on the 12 will make up that difference, if you want one more reason there's the entire warranty left on the new car; if you buy a used car warranty with 3/36K bumper to bumper no deductible it'll cost a couple grand.
He could probably get a better interest rate than that barring he has good credit. I got my used 2010 a year ago for around 2.4% for 72 months and I got the Nissan Wrap 100K bumper to bumper warranty for around $1,100 extra.
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Old 04-23-2012, 07:43 PM   #2 (permalink)
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He could probably get a better interest rate than that barring he has good credit. I got my used 2010 a year ago for around 2.4% for 72 months and I got the Nissan Wrap 100K bumper to bumper warranty for around $1,100 extra.
Just using that as a middle of the road rate, deductible on your warranty or no?
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Old 04-23-2012, 08:14 PM   #3 (permalink)
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Just using that as a middle of the road rate, deductible on your warranty or no?
Gotcha. No I have no deductible
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Old 04-23-2012, 08:15 PM   #4 (permalink)
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My 09 is fine but $7,000 and no warranty, 2012 is the safer choice.
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Old 04-23-2012, 09:12 PM   #5 (permalink)
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Thanks to all for your input. I won't be doing many mods so it appears as if the 2012 is going to win!! There is a lot said regarding peace of mind as the only owner and although the "upgrades" from 2009 to 2012 are not significant (accept maybe the oil cooler, which I will have to research a little more) they are nice to have...
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