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Nissan Altima Lease Questions

1903 messages,  Last post on May 17, 2013 at 10:01 AM

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

Messages Page 164 of 191

#1630 of 1903 Re: 2013 Nissan Altima 3.5SV Lease [chuck162] by khuzbuz

Aug 10, 2012 (9:57 am)

Replying to: chuck162 (Aug 08, 2012 7:28 pm)
I'm not sure if there were any rebates. I really doubt it since this model just came out in the market.
 
MSRP - $28,980
Internet Price - $28,200
Final Agreed Upon Price - $26,700 (This is the 2nd vehicle we leased from same dealership)
MD Tax - 6%
Tag/Title/Doc Fee - $471
Money Factor - 0.002
Residual - 0.61
 
Total Out of Pocket - $2,000
 
Monthly Payment - $350 for 15,000 miles per year on a 39 month lease.

#1631 of 1903 2013 Altima Lease by speedman1

Aug 13, 2012 (8:40 pm)

Test drove both the 3.5 S and 3.5 SV last week and very impressed with the car. I'm stil in the process of negotiating a good deal with the internet sales department of a dealership in my area. (New Jersey). I'm waiting on some lease numbers from them. I figured maybe I could get some helpful info here. So far I was quoted a "special internet " price for the 3.5 S of $24,699. Still waiting on a price for the 3.5 SV. I was told they are scarce because Nissan is still shipping. Based on my research thus far invoice for the the 3.5 is $24,165 so they are close but I still think I could get invoice or below. With that said can you please provide the money factor and reisdual for both the 3.5S and SV? 36 months and 39 months 12,000 miles per year. Also, if anyone recently got a great deal on the 3.5 and can share there experience that would be awesome. Thanks!

#1632 of 1903 2012 Altima lease by minothor

Aug 14, 2012 (3:54 pm)

I got a very specific/targeted (or maybe not) offer from my dealer and I need your opinions to see how good it is... Here's the deal:
   
 1. I'm currently on a lease on 2010 Nissan Altima 2.5S w/SL with 8-9 payments left (I got a reasonable deal on it back in 2009)
 2. The dealer is offering me a new lease on a 2012 Altima with the exact same specs as my current one (2.5SL without navigation) for a pretty good price (under the TMV). The price is good because of a rebate due to the 2013 model being released and a rebate due to re-financing with Nissan (and some negotiation).
 3. Now, the kicker for me is the payment forgiveness for all 9 remaining payments and no wear and tear costs (including a scratch on the vehicle from a parking accident) or mileage costs etc. Basically I hand in my older vehicle and pick up the new one.
 4. I pay 0 down on the new vehicle and my monthly payment is even slightly lower than what I am paying right now.
   
 Questions:
 1. I know the 2013 model is a new generation model and has some significant differences. The 2012 model is almost exactly the same as mine, except for some minor differences and a better CVT. But is the 2013 model worth a huge premium?
 2. What I want to do ideally is take the lease and buy the car out after a year or so by paying the residual value. If I buy the car outright now, they are not offering me any rebates or payment forgiveness. In what situations does it make financial sense to lease and buy during the lease?
 3. Leasing the same car again - what do you think about that?

#1633 of 1903 Re: 2012 Altima lease [minothor] by pegasus17

Aug 14, 2012 (6:04 pm)

Replying to: minothor (Aug 14, 2012 3:54 pm)
REF: 1632
Sounds too good to be true. Remember, NMAC owns your current car. Why would they give up the remaining 9 payments unless they get something in return? Perhaps i am missing something; others may chime in too, but color me suspicious...

#1634 of 1903 Re: 2012 Altima lease [minothor] by kyfdx HOST

Aug 14, 2012 (7:39 pm)

Replying to: minothor (Aug 14, 2012 3:54 pm)
Questions:
  
 2. What I want to do ideally is take the lease and buy the car out after a year or so by paying the residual value. If I buy the car outright now, they are not offering me any rebates or payment forgiveness. In what situations does it make financial sense to lease and buy during the lease?
 
 
You can't buy the car after one year of payments for the residual value... The residual value is the buyout, only after all payments have been made. Buying it out after one year will be substantially more than that..
 
If Nissan is offering a pull-ahead program that forgives your last 9 payments, and you can get into a new lease for less than you are paying now.. then, that is probably a good deal.. Buying a car out of a good lease deal is usually a bad move..
 
But, as to questions #1 and # 3? That's just a personal decision you'll have to make... Do you want to drive the same car for three more years?

#1635 of 1903 Is this a good lease deal by steen013altima

Aug 15, 2012 (10:23 am)

2013 nissan altima 2.5 S
 
msrp= 23755 (23410 plus car/trunk mats & remote starter = 23755)
cap cost=-23164 (my agreed sale price 22569 plus 595 acquisition fee?)
residual = 14478 (62%)
money factor = .00200 (equates to 4.8% if converted to interest)
monthly payment = 315 Incl tax.
down payment = 500 which includes first payment.
 
what do you think of this deal.
 
back in 2009 my money factor because of a promotion was .0008125 (equating to 1.95% interest) , the new money factor .0020 is an increase of $45 per month if i figured one against the other with the above figures. and based on that the new money factor, which it seems the dealer doesnt have any control over, the payment would come to $330/month Incl tax. But you know the drill, take it today and Ill do it for 315.
 
whats the prognosis on this deal..?
 
thanks.

#1636 of 1903 buy an 09 altima out of a lease by steen013altima

Aug 15, 2012 (10:36 am)

2009 altima 2.5S w/ convience pkg (power driver seat).
only 22,420 miles.
residual/buyout of 13450. plus that $300 for something i never saw 3 years ago...regardless total buyout is 13,750....is this a good deal....
 
and here on edmunds the value is for trade in 12,998, for private oarty sale 14,337, and for dealer retail 15571.
 
yet i have seen dealers asking 16,995 and more for low mileage cars of 25K or less than 30K.

#1637 of 1903 Re: Is this a good lease deal [steen013altima] by pegasus17

Aug 15, 2012 (12:48 pm)

Replying to: steen013altima (Aug 15, 2012 10:23 am)
REF:1635
Sales price is too high. Fitzmall is offering their 2.5 S models at 500 below invoice. For a new car, that is a crazy price. Big competition is coming from Fusion and Accord. Nissan lease money factor is not good this month making your comps high. Shoot for $11 per 1000 of msrp pre-tax...

#1638 of 1903 Re: 2013 Altima Lease [speedman1] by growing_credit

Aug 15, 2012 (12:57 pm)

Replying to: speedman1 (Aug 13, 2012 8:40 pm)
HI Speedman1,
 
I am also located in NJ and interested in buying 2.5 SL with tech package. Can you please provide me with the dealers (also sales person if possible) that you got internet pricing since I got a rude to no-response indicating they do not provide any pricing online or via email. I am located in central jersey.
 
Another request since I am new to all these can you detatil out your negotiation strategy.
 
Thanks a lot in advance

#1639 of 1903 Just leased a 2012 Altima SL in suburban Philly by partcans

Aug 15, 2012 (8:17 pm)

Hi,
This has been an extremely helpful website. I would like to return the favor by sharing my experience (sorry--it's a long story). After sending out numerous online requests to individual dealers, the lowest sales price I received was $23,294 (MSRP $28,445). However, when I asked to convert the price to a lease, I was quoted a price of $1,500 down and $289/month (39 months; 15,000 miles/yr.), which reflects a substantially higher selling price (apparently, the incentives are much lower for the lease). In any case, I targeted other dealers who happened to have the car (very few SLs are left), and explained that I had already worked out a deal for a fully loaded Honda Accord EX-L ($20,053 selling price; $28,450 MSRP; resulting in approx. 500 down and approx. $287/month on a 36 month/15,000 miles/yr. lease). I indicated that I would consider an Altima if the total cost paralleled the Accord. I received the following offer (39 months/15 K/yr.) from Faulkner Nissan (Jenkintown, PA.) today and picked up the car:
 
MSRP: $29,445
Sales Price: $23 841 (including $1475 rebate)
Residual: $15,011
Money Factor: .0002
Monthly Payments: $248.91/month (Plus tax)
In PA.. the lease tax is 9%, and fees totaled approx. $224 (Doc Fee=129; Online reg.= $15.90; Title=22.50; Registration=36. Thus, my down payment = $495 (monthly payment and fees) and my remaining 38 monthly payments=$271.31. Despite the higher selling price, this lease is competitive with the Accord because of a lower money factor (.0002 vs. .00046) and a higher residual. A 36 month Altima lease would be very close in price to the Accord (using these numbers).
 
I am providing this (ridiculous) amount of detail because I found it nearly impossible to get this kind of information from dealers and/or most websites. I would also note that Faulkner Nissan did a terrific job; they did not try to push expensive add-ons and were extremely professional. Keenan Honda (Doylestown, PA.) was also pleasant to work with, and I would have used them to purchase an Accord.
 
I hope this did not put anyone to sleep. I would be happy to provide additional information if it would be helpful.

Messages Page 164 of 191

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