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Nissan has announced a new version of its Versa sedan today, which it claims is now the lowest-priced car in the U.S. For a base MSRP of $9,990 (excluding a $695 destination and handling charge) you can get your hands on the new Nissan Versa Sedan 1.6, which includes a standard 1.6L four-cylinder producing 107 horsepower. It's smaller in displacement than the Versa's other 1.8L engine that produces 122 hp, but is also more efficient returning 26 mpg city/34 highway with a five-speed manual and 26 city/33 highway with a four-speed automatic. The larger 1.8L achieves 26 city/31 highway with a manual, 24 city/32 highway with an automatic and 27 city/33 highway with Nissan's Xtronic CVT transmission. So the new Versa Sedan 1.6 will be slightly more frugal with fuel, but we also expect it will include less standard features in order to keep the starting price below $10,000. The new lowest-priced car in the U.S. will go on sale November 18th.

In the meantime, Nissan has another plan to ease the financial burden of its customers in these tough economic times. The Japanese automaker has announced 0% financing for 36 months (for well-qualified buyers) on the Murano, Sentra, Altima, Versa and Rogue, as well as a $199/month lease for the 2009 Altima and Rogue. Leasing a Rogue for less $200/month will require a hefty down payment of $2,754, while the Altima commands an even more steep $2,759 before you can drive it off the lot. The question is whether or not a sub-$10k Versa and new financing and lease deals will move cash crunched consumers to act.

[Source: Nissan]

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Nissan Versa 1.6 becomes lowest-priced car in U.S. originally appeared on Autoblog on Fri, 31 Oct 2008 11:00:00 EST. Please see our terms for use of feeds.

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