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Nissan Altima Lease Questions

1904 messages,  Last post on May 19, 2013 at 6:27 AM

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

Messages Page 165 of 191

#1634 of 1904 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 1904 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 1904 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 1904 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 1904 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 1904 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.

#1640 of 1904 Altima 2013 Lease 24 months by altimaguy24

Aug 17, 2012 (10:22 pm)

I currently went to a local Nissan dealership in New York to get into a base 2013 Altima. After 1 week of neg. with dealer this was there final offer. $240 month/ 12k miles yr/ 24month lease. With $1700 due up front including first month payment, taxes, dmv fees and a 595 bank fee.
  
What do you guys think of this? Anyone else recently price this vehicle? I dont know if I am gettin ripped off especially with 595 bank fee. Thank You

#1641 of 1904 Re: 2013 Altima Lease [speedman1] by Car_man HOST

Aug 19, 2012 (7:24 am)

Replying to: speedman1 (Aug 13, 2012 8:40 pm)
Hi speedman1. I actually haven't had a chance to drive one yet, but the 2013 Altima is supposed to be a very nice car. Here's the information that you're looking for.
 
Nissan Motor Acceptance Corp.'s August buy rate lease money factor and residual value for a 36-month lease of a 2013 Altima Sedan V6 S with 12,000 miles per year are .00200 and 62%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 39-month lease are .00200 and 60%.
 
The money factors for the '13 Sedan SV V6 are the same, but the residual values would be 2% higher.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1642 of 1904 Re: Just leased a 2012 Altima SL in suburban Philly [partcans] by Car_man HOST

Aug 19, 2012 (7:28 am)

Replying to: partcans (Aug 15, 2012 8:17 pm)
ZZZzzzzzzzzzz. . I'm just kidding, partcans. This post was awesome. Real-world examples like this are always extremely helpful for others who are in the market for similar cars. Thanks for taking the time to share! Enjoy your new ride.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1643 of 1904 Re: Is this a good lease deal [pegasus17] by steen013altima

Aug 19, 2012 (11:54 am)

Replying to: pegasus17 (Aug 15, 2012 12:48 pm)
pegasus......I called fitzmall for the deal, bc if it was good i have relatives thatll drive me the car to floritda, theyll get a free vacation too, i wont even have the expense of a auto transport.......in any case, i called fitzmall....they have great deals at below dealer invoice, and their below invoice price is 20,831.10 on a 2.5s with power seat (convenience package} in a 2012....NOT 2013.....
 
out of curiosity, what is the exact selling price you got at $500 below Invoice ???

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