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Nissan Altima, Nissan Altima Hybrid, Car Leasing, Sedan
#1365 of 1938 2011 Altima Coupe 3.5SR Lease deal
Jun 01, 2011 (11:51 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 1938 Re: 2011 Altima Coupe 3.5SR Lease deal [cowkitty]
Jun 02, 2011 (3:41 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 1938 Re: 2011 Altima Coupe 3.5SR Lease deal [cowkitty]
Jun 03, 2011 (12:31 pm)
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.
#1368 of 1938 2011 Altima 2.5S Offer
Jun 11, 2011 (1:41 pm)
Hi Car Man,
I was offered a lease of 265/mo with only 1st month payment (no down payment) for a 2011 Altima 2.5S w/ bluetooth, floor mats, and splash guards with an MSRP of 23,960, money factor of .00054 and residual of 13,657.29. The lease price includes tax, all fees, and registration. Is this a good deal??
#1369 of 1938 Re: 2011 Altima 2.5S Offer [icendio777]
by Car_man HOST
Jun 16, 2011 (3:19 pm)
Hi icendio777. It would be easier for me to evaluate this deal if you were able to provide me with this car's selling price first. this would save me from having to back into it. Do you know what that number is?
Prices Paid: Buying & Leasing Experiences Forum
#1370 of 1938 Re: 2011 Altima 2.5S Offer [icendio777]
Jun 21, 2011 (7:40 am)
Whats your term and mileage?
If I assume 39 mo and 15k/yr with the RV (57%) you provided, and Due Signing Cost is $595 bank fee, $211 DMV, $250 Doc Fee -- all rolled into you monthly, then:
Your selling price for the vehicle is $21,500 and POM is 43%. Which is not a bad deal considering the dealer is selling at cost, but you should be able to drop another $500, so your monthly is $252.
#1371 of 1938 updated June numbers
Jun 27, 2011 (11:32 am)
Do you have updated numbers to reflect the new 24 month lease that's being offered in June?
Looking for 24, 36 and 39 months, with 12k miles MF and residual on both the Altima SL and Coupe S
#1372 of 1938 2011 Altima
Jun 28, 2011 (3:55 am)
I am looking into lease of 2011 Altima 2.5 S. Do you know updated numbers for New Jersey? So far the dealers I contacted are putting me in the high 300's with tax when I was thinking mid 200's with tax. Also on another note I might trade in a car with negitive equity, and the dealer told me for every 1,000 dollars you roll into the lease it will increase your payment by 30.00 dollars is that correct? And also if I trade in car that I still owe money on does it save me any money on the tax for the new lease?
15,000 miles per year/39 months lease
Convenience Plus Package
Premium Audio Package
#1373 of 1938 Re: 2011 Altima [alcap]
Jun 29, 2011 (4:10 am)
Hello everyone- here is what i got-i do need to move as quick as possible however i did walk out mid through negotiations-
I wrote these down as the salseman would not give me the paper-
2011 Altima s
39 month lease
Convenience Plus Package
1500 down to cover DMV deal whatever-(this does not bring price down)
#1374 of 1938 Re: 2011 Altima [freddyttt]
Jun 30, 2011 (8:29 am)
28780 is not really lower than MSRP, you should be about 26k on this car with all the incentives. Try zag.com