Should I go through with my Nissan Qashqai purchase?

purplepansyem

Hi, looking for some advice please - I've just put a £500 deposit down for a new Nissan Qashqai. I've part exchanged my current Nissan and I'm going to get a 4 year finance for it.

I've just found out that Nissan is in financial trouble so I don't know if I should go through with the purchase (I'm due to pay the balance of the deposit and pick up the car on 1st March).

I'm worried about my services and parts, if needed, if Nissan fold.

Any advice please?

Mildly_Miffed

Nissan aren't "going to fold".

They're one of the very largest car manufacturers in the world, part of an alliance with Renault, Mercedes, and Mitsubishi. Nissan made over 3.1m vehicles world-wide in 2024, and over half a trillion yen profit in the last financial year.

All that's happened is their proposed merger with Honda may (or may not) be off, because Nissan didn't want to simply be a subsidiary of Honda - who made 3.7m cars last year.

If you're that worried about the financial security of a manufacturer, there's not many companies you'll be buying from.

fatbelly

There is no problem with Nissan servicing and parts.

There might be other reasons to swerve a Qashqai but that isn't one of them

force_ten1

Mildly_Miffed said:

Nissan aren't "going to fold".

They're one of the very largest car manufacturers in the world, part of an alliance with Renault, Mercedes, and Mitsubishi. Nissan made over 3.1m vehicles world-wide in 2024, and over half a trillion yen profit in the last financial year.

Nissan cuts 9,000 jobs and halves CEO’s pay as it sinks to a loss

Nissan seeks anchor investor to help it through make-or-break 12 months

Nissan searches for new partner as $58bn Honda merger talks collapse

they are all very recent Financial Times headlines and there are lots of other news reports saying the same sort of thing about Nissan not being as stable as you think they are 

Mildly_Miffed

force_ten1 said:

Mildly_Miffed said:

Nissan aren't "going to fold".

They're one of the very largest car manufacturers in the world, part of an alliance with Renault, Mercedes, and Mitsubishi. Nissan made over 3.1m vehicles world-wide in 2024, and over half a trillion yen profit in the last financial year.

Nissan cuts 9,000 jobs and halves CEO’s pay as it sinks to a loss

Nissan seeks anchor investor to help it through make-or-break 12 months

Nissan searches for new partner as $58bn Honda merger talks collapse

they are all very recent Financial Times headlines and there are lots of other news reports saying the same sort of thing about Nissan not being as stable as you think they are 

9,000 jobs globally - out of 132,000. Sunderland alone employs 6,000.

The markets don't think it's going to fail...
The share price is currently Y445, with a 12mo range of Y337 to Y651
5yr low is Y315 in the pandemic, 5yr high is Y687 in Sept 2023.
https://www.google.com/finance/quote/7201:TYO

WellKnownSid

Even when a manufacturer goes pop, parts supplies are assured due to the sheer profit involved.