Last post on Dec 09, 2013 at 6:58 PM
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Nissan Altima, Nissan Altima Hybrid, Car Leasing, Sedan
#1358 of 2050 New 24 mo lease special!!
May 26, 2011 (12:00 pm)
Hi Car Man,
Nissan just announced a special lease on Altima sedans:
2011 Altima 2.5S CVT w/Splash Guards & Mats Lease
24 Months - $189/Month - $2,999 initial payment.
There is also one at $179/month, but you have to pay a $595 acq fee in addition to the $2999 down payment.
Could you please provide the residuals and money factors for both leases?
I'm a little bit disappointed because I called some local dealers in my area to obtain this information and completely got the run around! A few couldn't find their books and "didn't know." One told me the residual was 65% and MF .00195. Another was a bit closer I think at 56% for 12000 miles and a MF of .00053. This was the first time I've ever had dealerships either refuse to provide this information or make it extremely difficult and unpleasant.
I'm in Missouri (the dealership I contacted were in the greater KC area).
Thank you SO much!!
#1359 of 2050 Re: Altima 3.5SR Money Factor/Residual [ahashmi]
May 26, 2011 (12:02 pm)
I am wondering the same thing. I just got a quote for a 3.5 SR for 12k Miles and 36 months with a MF of .00053 and a residual of 54%. Are these numbers region specific or are they changing as the months goes along?
#1360 of 2050 Re: Altima 3.5SR Money Factor/Residual [ahashmi]
May 30, 2011 (2:54 pm)
Hi ahashmi. I believe that the numbers have changed. NMAC's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Altima Sedan 3.5 SR with 15,000 miles per year are .00053 and 58%, respectively for consumers who qualify for its top credit tier.
Prices Paid: Buying & Leasing Experiences Forum
#1361 of 2050 Re: New 24 mo lease special!! [mizzouri]
May 30, 2011 (2:56 pm)
I'd be happy to help you out, mizzouri.
According to the latest information that I have seen, Nissan Motor Acceptance Corp.'s buy rate lease money factor and residual value for a 24 month lease of a 2011 Altima Sedan 2.5S CVT with 12,000 miles per year are .00001 and 61%, respectively for consumers who qualify for its top credit tier.
Prices Paid: Buying & Leasing Experiences Forum
#1362 of 2050 Re: New 24 mo lease special!! [mizzouri]
May 31, 2011 (6:25 am)
I know what you mean, I just leased a Maxima, and I've never had this much hard of a time obtaining this information, most said 'we don't know, we just plug into the computer, and it gives us numbers.'
I even called NMAC and Nissan HQ to get this, and they wouldnt tell me either. They kept saying "ask the dealer" I'm like every dealer is getting me different numbers, its really stupid.
Best way is to ask in person at two dealers, and if they don't want to provide it to you, walk out. You're not into to get ripped off.
#1363 of 2050 Memorial day sale
May 31, 2011 (6:47 am)
I accepted a quote on the following pkg last evening in Massachusetts:
Memorial day sale
15,000 miles per year/39 months lease
+ SL Package
+ Splash Guards
+ Convenience Package
+ Convenience Plus Package
+ Premium Audio Package
$16,074 Purchase Option
$335 monthly payment
No money down and no out of pocket expenses i.e. all fees included in monthly payment
No 1st month payment
They also threw in a maintenance pkg ( oil change and tire rotation for lease term)
I have no idea what the sale price is or what rebates I am getting
Is it a great deal? I am supposed to sign the lease paperwork this evening
#1364 of 2050 Re: Memorial day sale [air6]
May 31, 2011 (12:45 pm)
You should be able to do better. Seems like they're selling you the car at $27250, when it should be more like $24500 with the $500 incentive.
You should be about $270-280 including tax specially with that MF (which i think is not correct, should be .00053)
#1365 of 2050 2011 Altima Coupe 3.5SR Lease deal
Jun 01, 2011 (10:51 am)
We've been getting some widely varying numbers from the Nissan dealerships and wanted to know if this was a good deal. We're in Oregon by the way so there's no sales tax.
For a 2011 Altima Coupe 3.5 SR with all 3 packages (Tech, leather and premium)
MSRP is $34,495.
Sales price: $31,676
Terms of the lease:
$2000 down (that doesn't include first month, DMV etc) on a 39 month lease with 12,000 miles/year.
Residual value: $18,627 (they said that's 54%)
Money Factor: 0.00078 (they said it hasn't changed since May)
Monthly payments are $369.00
Is that a good deal? They originally had it at $383 a month which was based on the MSRP. When I asked them to lower the price of the car, they responded that it would make the monthly payments go UP. So I declined the offer and they called back today with the new sales price and $369 figure. When we punched the numbers into the Edmund's Lease calculator with the same numbers, we got $350/mth.
p.s. This has been a real headache for the last few weeks. One Nissan dealership quoted us a money factor of 0.00229 (5.5% APR) for an Altima 2.5S with just the convenience pkg - a monthly payment of $395!! We just looked at them and walked out. Talk about adding in a dealer reserve!
#1366 of 2050 Re: 2011 Altima Coupe 3.5SR Lease deal [cowkitty]
Jun 02, 2011 (2:41 pm)
Well, the dealership just called me back again to tell me that one, the money factor has gone up for 3.5SR Coupes to 0.00112 and that OOPS they had given me pricing info on the wrong car and now the lease payments are $396.
What is the money factor and residual for the Altima Coupe 2.5S and the 3.5SR for the month of June?
I guess I'm back to square one.
#1367 of 2050 Re: 2011 Altima Coupe 3.5SR Lease deal [cowkitty]
Jun 03, 2011 (11:31 am)
That is an insanely expensive deal. Look at the Maxima thread to see how much I got it for.
My Maxima (MSRP $38030), I got it for much cheaper than that. Thats a ridiculous price.