I have a 2015 Nissan Altima S and had to get the max interest rate when I bought it. It has 113k miles. I've heard their CVT transmission goes bad often and I owe $5.7k left. I dont know but I feel like the transmission is slipping. Most dealerships are willing to give the 5.7k to wipe the deal and I can get about 6% interest rate since I've built my credit to the high 700s now.
I'm about to buy a 2020 Toyota Camry LE and it has 31k miles. The last two years I've put 5k miles each year on my car. I just wanted an opinion on the 2020 Toyota Camry LE because I'm very indecisive and keep reading reviews. I just don't want to keep my nissan because of the interest rate and if the transmission goes bad. Thats almost 5k for the transmission and still 5.7k for the loan.
I appreciate your help
2015 Nissan Altima S (...) 113k miles. I've heard their CVT transmission goes bad often
Yes, with Nissan - the CVT is the weakest link, and they do go out pretty early.
It's really not a case of "if", it's "when" the CVT will go out.
Frequent service and an appropriate driving style can prolong it's life.
I'm about to buy a 2020 Toyota Camry LE and it has 31k miles
If it's a good price go for it, note that a brand new Camry LE is $26,000.
So a 2020 with 35,000 miles should be under $20k.
Some 2018-2019 models did have issues with the Direct-Shift tranny,
BUT by 2020-up Toyota seems to have remedied most issues.
Test to see that the 8 speed shifts smoothly at both low and high throttle opening.
(Both from a stop and downshifting on the highway, It's a luxury car transmission used by Volvo for ages, it should be as smooth as they get)
Note that you want to have the car inspected by a mechanic,
The new Camry is well built but very complex.
@dan thank you for your input. For some reason when I posted this thread it said I was banned. When I log into that account it says I'm banned and to contact an administrator but anywhere I go to on the site it keeps popping up with the same thing that I'm banned. So I made this account to reply, hope that is okay.
I'm nervous my transmission will go so I wanted to get a car to replace my nissan. Also want to get rid of this loan, its a hard decision. I hear if I wait a few months it will get better but not sure if the transmission will quit on me by then, then Ill be in a bad situation if I owe $5k and then a new transmission at $5k.
The camry I'm looking to buy is $22.5k at 31.2k miles and put $1k down. I don't know if that is a bad deal on my end or not.
As far as the ban, it seems like the anti-spam system has falsely flagged your original post.
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I really don’t think your transmission will randomly quit in a month - anything could happen but that’s unlikely.
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$22.5k for a 3 year old car with millage and probably out of warranty is a bad deal, a new one is only 3.5k more… try to get them to lower the price.
@dan its a certified pre owned car, I have to confirm but its either 5 year/100k miles powertrain warranty or 7 year/100k miles. Still bad?
Maybe your right on the new car. My credit is pretty good, I just don't want to pay in the $500 per month on payments. I usually don't put money down on a car, not sure if thats normal or not
The camry I'm looking to buy is $22.5k at 31.2k miles and put $1k down. I don't know if that is a bad deal on my end or not.
It is.
You may as well get a brand new Camry, for that kind of money.
@InThrustWeTrust just don't want $500+ per month in payments and I do have good credit.
Would you mind explaining why its a bad deal? Just want to know what I should be looking for. I appreciate the input
A brand new Camry LE (with full factory warranty) is only $3500 away. How much is that different in terms of monthly payments? If the difference isn’t substantial, why settle for used?
I think I'm a idiot and didn't even think about this. A brand new car is not far off but a brand new car ill get a lower interest rate which will almost come to the same exact monthly, or am I wrong? Not the exact same but not much far off?
You’ll have to talk to a finance guy who can crunch out accurate numbers. First, find out what kind of stock, the dealers near you have, that’s available for ready delivery. See here - https://carkiller.com/scottykilmer/qa/how-do-i-buy-a-car-part-2-nuances-of-financing/#post-227184