Nissan is reviving the Datsun nameplate for foreign car buyers with a $3,000 price point for overseas markets.

Unfortunately, the bare bones Datsun is only planned for Japan at this time. Nissan senses a market for this kind of car and I think they're right. When I last spoke about the plans for this, the price target was $5,000, but now that price has been reduced by $2,000.

Should a car like this come to our shores, it would likely price out to be around $5,550 to $6,000. That added surcharge includes factoring in the cost of making the required safety and emissions tweaks required by our federal government.

Know that the Nissan Datsun initiative is not like a lone wolf kind of thing. There is a precedent for this. Renault is a big auto-seller in Europe and they've developed the Logan, a fully equipped vehicle for 7,000 euros, which is less than $10,000.

We are moving into an era of cheaper cars. But the great news here is that used cars are affordable again, as I recently told you.

The Detroit News  reports the average price of a used midsized SUV is down 11% over the last year. But used SUVs aren't the only deal to be had at this time. The value of luxury cars as used cars is down 6% and minivans down are down 5% too.

The new ultra affordable cars are not here yet, so buying a used car that is inspected by a mechanic of your choosing as a condition of purchase is still key to unlocking great savings.

I say buy used and let the first owner eat the depreciation and you get the deal!

Image of Clark Howard About the author: Clark Howard

Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to save more, spend less and avoid getting ripped off. View More Articles

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