Ask the Car People.SM


Nissan Altima Lease Questions

1905 messages,  Last post on May 21, 2013 at 9:04 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Nissan Altima, Nissan Altima Hybrid, Car Leasing, Sedan

Messages Page 153 of 192

#1513 of 1905 Re: 2012 Altima Lease w/ Tech, Loaded [cmyawn] by cmyawn

Jan 15, 2012 (5:52 pm)

Replying to: cmyawn (Jan 12, 2012 5:59 pm)
I picked up my new Altima on Friday. All was as promised. I spent about 75 minutes total in the dealership, to do the turn-in paperwork for my 2009 Altima, go over and sign the paperwork for my new 2012 Altima, transfer all my maps/tools/junk from my old car to the new one, and change/verify my insurance coverage. Probably would have been less than an hour if I were not so talkative. EVERYTHING was as the dealer promised. No attempts to up-sell me on maintenance, nitrogen in the tires, paint sealer, etc. They do sell a $995 package that includes oil changes for life and a $500 discount on your next car, among other things. If I lived closer (it is 180 miles to my home, I visited my mother-in-law as part of this trip) and was buying instead of leasing, I would have considered it. They knew I was from out of town and did not even attempt to up-sell it to me.
 
There were an added $68 in taxes paid up-front; I did some research and in NC, the state does tax the $1825 in incentives at 3%. In addition, it appears I got taxed on the $397.90 doc fee and the $73 license fee, for an up-tax of $14. But hey, I turned in a car with an empty tank of gas, and I got a brand new car w/ a full tank, so I did not complain.
 
All the dealers I was "close" with were between $800 and $1000 under invoice. Tried to get my dealer to $1000 under invoice, but he was solid at $800 under, so I accepted the deal. He had the car w/ the right options, but my wife's second choice on color.
 
Dealer was Michael Jordan Nissan in Durham, NC. I highly recommend them.

#1514 of 1905 Re: 24 month lease [rflang] by Car_man HOST

Jan 17, 2012 (5:37 pm)

Replying to: rflang (Jan 10, 2012 8:36 am)
I certainly can rflang. Nissan Motor Acceptance Corp.'s January buy rate lease money factor and residual value for a 24-month lease of a 2012 Altima Sedan S with 15,000 miles per year are .00003 and 63%, respectively for consumers who qualify for its top credit tier.
 
The residual value for a lease with only 12,000 miles per year is 1% higher.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1515 of 1905 2012 Nissan Altima 2.5 S Lease - So Cal Area by livintheoc

Jan 17, 2012 (8:27 pm)

Hi All,
 
The forum has been so helpful over the years that I would like to share the details of the lease we got yesterday (January 16, 2012).
 
Vehicle : 2012 Nissan Altima 2.5 S with 20th Anniversary Package in Winter Frost/Charcoal Cloth and the following options:
 
Splash Guards
External Ground Lighting
Aluminum Kick Plates
Carpeted Floor Mats/Trunk
Emergency Aid Package
 
MSRP : $25105
 
Leasing Company : Nissan Motors
Lease Term: 24 months/12,000 a year
Total Price (Cap Cost) : $20958.14
Residual (64%) : $16067.20
Money Factor : .00003 (amazing rate)
 
Monthly Payment : $222.83 ($204.90 monthly payment plus 8.75% tax (LA County) - $17.93)
 
This was without any down payment, just the first month's payment and DMV fees (approximately $500) and Nissan Cash Rebate($1325 total - $825 Nissan Cash and $500 MLK Weekend Cash). The Nissan Cash Rebate paid for the acquisition fee of $595, Documentation fee of $45, and Sales Tax associated with using the rebate.
 
Based on the numbers, it was a good deal.

#1516 of 1905 Re: 2012 Altima Lease w/ Tech, Loaded [cmyawn] by cmyawn

Jan 19, 2012 (3:00 pm)

Replying to: cmyawn (Jan 15, 2012 5:52 pm)
I have done some more research on the NC Department of Revenue website; in NC dealers are required to collect the 3% use tax on the doc fee and the tag and title fee. So the extra $14 I paid is required by the state.
 
Still loving the car and the deal.

#1517 of 1905 Re: Calculating Base Cap Cost [torotoro] by Car_man HOST

Jan 19, 2012 (4:22 pm)

Replying to: torotoro (Jan 10, 2012 2:11 pm)
Hi torotoro. A selling price of 3% over dealer invoice would be 3% over the invoice price listed in the New Vehicle Pricing section of Edmunds.com including the destination charge minus any cash incentives that are available on leases (I am assuming that you want to lease because this is a discussion on the subject).
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1518 of 1905 Re: Calculating Base Cap Cost [torotoro] by Car_man HOST

Jan 19, 2012 (4:23 pm)

Replying to: torotoro (Jan 10, 2012 2:11 pm)
Hi torotoro. A selling price of 3% over dealer invoice would be 3% over the invoice price listed in the New Vehicle Pricing section of Edmunds.com including the destination charge minus any cash incentives that are available on leases (I am assuming that you want to lease because this is a discussion on the subject).
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1519 of 1905 Re: Current Altima Lease Program [dbwc] by Car_man HOST

Jan 19, 2012 (4:39 pm)

Replying to: dbwc (Jan 11, 2012 7:52 am)
I certainly can dbwc. Nissan Motor Acceptance Corp.'s January buy rate lease money factor and residual value for a 36-month lease of a 2012 Altima 2.5S with 15,000 miles per year are .00040 and 54%, respectively for consumers who qualify for its top credit tier.
 
The $825 cash incentive on leases is only available in certain regions. There is a $500 loyalty cash incentive available on leases on top of that, but only to current Altima lessees, not all Nissan owners.
 
The weekend bonus cash was available on top of that.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1520 of 1905 Re: 2012 Nissan Altima 2.5 S Lease - So Cal Area [livintheoc] by autoboy19

Jan 20, 2012 (6:49 pm)

Replying to: livintheoc (Jan 17, 2012 8:27 pm)
livintheoc,
 
Did any of that rebate go towards cap cost reduction?
 
I am trying to get a baseline for what the actual selling price of the car was before any adds or rebates (what the dealership is actually discounting the car to).

#1521 of 1905 Re: 2012 Nissan Altima 2.5 S Lease - So Cal Area [autoboy19] by livintheoc

Jan 23, 2012 (10:15 am)

Replying to: autoboy19 (Jan 20, 2012 6:49 pm)
The gross cap cost prior to any discounts was $21536.00.
 
We used part of the Nissan Cash to reduce the net cap cost to $20958.14.
 
We also had the option to use the Nissan Cash ($1325) for the 1st month's payment, DMV fees, and upfront sales tax, and reduce the cap cost. The lease payment would have been $244.59 (base of $224.91 plus sales tax (LA County) of $19.68) for 23 months. This was basically the same deal but wanted the lower monthly payment.

#1522 of 1905 Good Deal? First lease negotiation. Always purchased in the past... by justin84

Jan 28, 2012 (8:35 pm)

According to leaseguide.com this is an excellent deal, but you tell me...
2012 Altima coupe 2.5 automatic, convenience, premium & leather packages.
MSRP 30,555
Selling Price $27,280
Bank fee $595
Cap cost reduction $500
Adj cap cost $29,244
Money Factor .00073
Residual $16,194
Due at signing $500
Payment (pre-tax) $367.79
39 month/15k year lease

Messages Page 153 of 192

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement