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Nissan Altima Prices Paid & Buying Experience

2418 messages,  Last post on Nov 28, 2009 at 5:10 AM

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What is this discussion about? Nissan Altima, Sedan


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#2266 of 2418
Is this a good deal? by sherae
Jul 06, 2009 (6:36 pm)
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fully loaded 2009 2.5S ALTIMA CVT
-fog lights
-2.5 SL package
-technology package
-rear spolier
 
$27,700
 
$5,000 down
39 mos lease (17k miles per year)
$500 grad cash
$500 July 4th sales rebate
$160 gov't fee
$3,735 taxes
doc fee $299
 
***$257.68*** per month
 
Is this a good deal??
 
Also--$808 for gold preferred warranty 48mos/60k miles??
Is this a good rate?
 
location-CT
#2267 of 2418
Milwaukee, WI quotes by spazvt
Jul 06, 2009 (7:11 pm)
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Current deals for the Milwaukee, Wisconsin area, plus some Chicago for an Altima 2.5S with Splash Guards and Floor Mats (standard):
 
Current rebates: $1,500 July, $500 until July 8th, $500 College Grad, $4,500 CFC/CARS. $179 state inspection required for all new cars (I hear).
 
Current initial internet offers (not including rebates and inspection, but includes splash guards and floor mats):
Rosen (Brown Deer) - $20,320
Boucher Waukesha - $20,131 ($21,067 with Convenience Package)
Boucher West Allis - $20,546
Russ Darrow (Brown Deer) - $19,914
M'Lady (Crystal Lake, IL) - $19,431
McGrath (Elgin, IL) - $19,611
 
I asked several of them if they were participating in the C.A.R.S. program right now and only Russ Darrow is; all the others are waiting until July 24th to start making deals. So for most of them, I won't be able to combine Cash for Clunkers with the $500 July 8th rebate.
 
So I'm planning to offer $19,000 - $1,500 - $500 - $500 - $4,500 = $12,000 plus Tax, Title, Registration and see if I can get that deal from one of the dealers willing to make C.A.R.S. sales this week.
#2268 of 2418
Re: Is this a good deal? [sherae] by kingpcgeek
Jul 06, 2009 (8:46 pm)
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Replying to: sherae (Jul 06, 2009 6:36 pm)

Think you need to read up on leasing before you jump into one. You NEVER put $5000 down on a lease. $3735 in taxes? Even in a state like NY where they make you pay the full tax amount on a lease it wouldn't be that high. Using your selling price figure that calculates to over 13% in tax. This deal just feels bad.
#2269 of 2418
Re: Is this a good deal? [kingpcgeek] by sherae
Jul 07, 2009 (4:51 am)
Reply

Replying to: kingpcgeek (Jul 06, 2009 8:46 pm)

Why do you feel its a disadvantage to put that much money down?
#2270 of 2418
Re: Is this a good deal? [sherae] by kingpcgeek
Jul 07, 2009 (5:07 am)
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Replying to: sherae (Jul 07, 2009 4:51 am)

Perfect explanation from leasecompare.com:
 
Because you pay for the use of a vehicle during a lease, you should put as little money down as possible, up front. Although putting money down can lower your lease payments (by reducing your capitalized cost) in most cases it cannot be regained in the event of early termination due to a loss.
 
For example, a customer once leased a Toyota 4Runner and put $3,000 down as a cap reduction. Five months later the vehicle was totaled in an accident. The client's insurance paid its portion of the lease payoff and Gap Insurance paid the balance. Our client walked away with only paying his insurance deductible but he did not get reimbursed for his initial down payment of $3,000. It was lost.
 
The moral of this true story is to put as little money down as possible,ideally no money down. Here are some other things to consider:
 
- Money down is taxable
- Take the money you would have put down and invest it
- Put your down payment in a savings account and use a portion each month to help make your lease payment
#2271 of 2418
Re: Is this a good deal? [kingpcgeek] by sherae
Jul 07, 2009 (5:39 am)
Reply

Replying to: kingpcgeek (Jul 07, 2009 5:07 am)

thank you king! really appreciate the explanation
#2272 of 2418
Re: 2.5S by hiltee
Jul 07, 2009 (1:24 pm)
Reply

Replying to: rvaidyan (Jun 30, 2009 2:12 pm)

I am planning to buy a 2.5 S (Precision Grey) and my best dealer quote in this area (Binghamton, NY) is 21,040 OTD (after 1500 rebate, College Grad rebate and dealer discouts).Could any one give me a heads up so as how much to ask for. I am really not sure of the current price trends and any help would be greatly appreciated.
 
MSRP of $22,685
OTD - $21,040.
#2273 of 2418
Re: 2.5S [hiltee] by kingpcgeek
Jul 07, 2009 (1:38 pm)
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Replying to: hiltee (Jul 07, 2009 1:24 pm)

OTD is pretty much a worthless number for comparison sake since every state has a different OTD number. You are better off giving the selling price of the car.
#2274 of 2418
Re: 2.5S [kingpcgeek] by hiltee
Jul 07, 2009 (1:43 pm)
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Replying to: kingpcgeek (Jul 07, 2009 1:38 pm)

MSRP of $22,685
Price after discounts (1500 rebate, college grad and dealer discounts) - $19,185, plus taxes and NYS fees.
 
Thanks in advance.
#2275 of 2418
Re: Milwaukee, WI quotes [spazvt] by Stole
Jul 07, 2009 (8:05 pm)
Reply

Replying to: spazvt (Jul 06, 2009 7:11 pm)

Hi, spazvt,
    did you finally buy the car? and how much you paid? thanks.

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