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2015 VERSA NOTE wins ALG Residual Value Award

2015 VERSA NOTE wins ALG Residual Value Award
By Big D
I've mentioned before how much I love the Nissan Versa Note - and, I do.
I drive a SV Model Versa Note - interior room and gas savings being the main reasons.
Well, here comes another reason to love this car - the 2015 ALG Residual Value Award. What, you may ask, is a residual value and why would a car get an award for such.
Residual Value is the value an asset is expected to retain over a specific period of time (in the case of a car lease usually 36 months).
Residual values are calculated for other periods of time as well but 36 months is the norm.
Long story short - the 2015 Nissan Versa Note has a very high residual value as awarded by ALG. What does this mean to you, the car buying public? Well, while a high residual value on a lease does not guarantee a high RESALE value it can be considered an indicator of such.
This brings us to an important point - the TOTAL cost of your next new car is a combination of numerous factors: the actual price of the car, the interest rate on any loan you might take, the distance the car will drive on a liter or gallon of petrol, maintenance costs and the value of your car when you go to trade it in on a new one.
This last point is the one most consumers tend to ignore.
If you pay $20,000 for a car and in 4 years (when you try and trade it in) it is only worth $4,000 that is not good. There are a lot of cheap cars on the market - what you really want is VALUE - and cheap does not always mean value. Think furniture. An expensive hand made piece may be a better deal in the long term than a cheap particle board piece.
So, the 2015 Versa Note - whether purchased or leased - is VALUE! Take care of this little gem and it will take care of you with comfort, great mileage, versatility and - both long term and short - value.