In response to the Financiapocalypse, Nissan is offering 0% financing on five of their vehicles. Most interesting, and seemingly lost in the saved-by-zerogasm, is news of a lower-priced version of the 2009 Nissan Versa Sedan that, at an MSRP of $9,990, will be the cheapest new car in the USA.
According to Automotive News, there will be an economy version of the 2009 Nissan Versa that will have an MSRP of $9,990, more than $2,000 off the base price of the lowest level model Versa. The cheapest cars currently are the 2009 Chevy Aveo ($12,625), 2008 Kia Rio ($12,145) and 2009 Hyundai Accent ($11,070), putting the Versa well below these competitive models. UPDATE: Nissan has revealed the details of their new Versa sedan, which explains how it will be the cheapest car in America. The new Versa sedan will be offered with a 1.6-liter DOHC four-cylinder engine as opposed to the 1.8-liter currently found in the Versa sedan and hatchback. This model will come equipped with a five-speed manual transmission that, combined with the new engine, will help it achieve 34 mpg highway. We assume there will also be some cutbacks inside, though we haven't seen the details of that yet. Update #2: From Nissan USA, we're hearing that when the new, cheaper Versa comes out on November 18th here you can expect to see some more changes in addition to the new transmission and engine: different seat cloth, 14-inch wheels w/ wheel covers and less chrome accents. As for the 0% financing, Nissan joins Toyota among Japanese automakers offering nil financing to get people to actually buy a car. The deal applies to the Rogue, Altima, Sentra, Versa and Murano (sorry Maxima buyers). The company will also offer attractive lease deals and extend their $399-a-month lease offer on the new Maxima. We like the Versa and for $9,999 it seems like a nicer choice than a Rio or an Aveo.