Ok, so I am starting to document my CVT issues with Nissan starting tomorrow, including the date, time, and speed the shudder happens every time. The question I have is "if" Nissan decides the Altima is a Lemon, how much would they buy back? I read the Lemon Law Guide and it states "If you accept a refund, you are entitled to reimbursement for the full purchase price of your vehicle, including any cash you paid and the new allowance for a trade-in" well, unfortunately I was upside down on my trade by quite a bit and the Lemon Law Guide states "If you owed money on your trade-in vehicle when it was traded in, then the retail price will be reduced by the amount of the debt. The manufacturer must provide the applicable NADA book", so with that saying here is my sales order:
Now the sticker price on the car was $29,775 and somehow they brought it down, must be with the $7000 they offered off(includes rebates)
Cash Price: $24,795.20
GAP: $800.00
Subtotal: $25,595.20
Trade-In: $17,700.00 (NADA VALUE $20,000)
Less Trade-In Payoff: $27,860.48
Net trade-in allowance: -$10,160.48
Cash Down Payment: $2000.00
MFR's Rebate: $1,500.00
Total Cash Down Payment: $3,500.00
Balance Owed to Seller for Above Goods and Services: $25,595.20
Certificate of Title: $160.40
Sales Tax: $475.59
Florida DOC Stamp: $115.85
Negative Equity $6,660.48
Total Other Charges: $7,412.32
Amount Finances: $33,007.52
SO basically what they are saying if I read that correctly is the $24,795.20
plus down payment, which is $3,500, minus the negative equity, depending if they go by NADA(which the book says they go by), I will get back $20,434.72. Which I would be $13,000(roughly) upside down. So they would put me in a replacement vehicle at that point I would imagine and they would allow me to get the suggested retail price, but not anymore the 105% of it. If they went by the sticker price $29,775 + 105% would be $31,263. So I could upgrade to one with NAV or SL and go through the Lemon Law process again due to the CVT doing the same thing!
If anyone has any input on this, please chime in!
Now the sticker price on the car was $29,775 and somehow they brought it down, must be with the $7000 they offered off(includes rebates)
Cash Price: $24,795.20
GAP: $800.00
Subtotal: $25,595.20
Trade-In: $17,700.00 (NADA VALUE $20,000)
Less Trade-In Payoff: $27,860.48
Net trade-in allowance: -$10,160.48
Cash Down Payment: $2000.00
MFR's Rebate: $1,500.00
Total Cash Down Payment: $3,500.00
Balance Owed to Seller for Above Goods and Services: $25,595.20
Certificate of Title: $160.40
Sales Tax: $475.59
Florida DOC Stamp: $115.85
Negative Equity $6,660.48
Total Other Charges: $7,412.32
Amount Finances: $33,007.52
SO basically what they are saying if I read that correctly is the $24,795.20
plus down payment, which is $3,500, minus the negative equity, depending if they go by NADA(which the book says they go by), I will get back $20,434.72. Which I would be $13,000(roughly) upside down. So they would put me in a replacement vehicle at that point I would imagine and they would allow me to get the suggested retail price, but not anymore the 105% of it. If they went by the sticker price $29,775 + 105% would be $31,263. So I could upgrade to one with NAV or SL and go through the Lemon Law process again due to the CVT doing the same thing!
If anyone has any input on this, please chime in!
