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Nissan Altima Lease Questions

1911 messages,  Last post on May 23, 2013 at 5:27 PM

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

Messages Page 166 of 192

#1644 of 1911 Re: Just leased a 2012 Altima SL in suburban Philly [partcans] by steen013altima

Aug 19, 2012 (11:21 am)

Replying to: partcans (Aug 15, 2012 8:17 pm)
check your lease money factor numbers.....on the altima you said point,triple zero, two {.0002} this equates to .48 or lets round to 1/2point interest...THIS IS FREE MONEY....now I know on 2013 nissan, tier one credit is .002 {point,doublezero,two} this is 4.8%....
 
and on the honda .00046 is 1.10% interest, also Extremely low...check your fiqures..
 
and on 2012, the residual on the honda is 58%, what is it on the "2012 altima.

#1645 of 1911 Re: Is this a good lease deal [steen013altima] by pegasus17

Aug 19, 2012 (12:56 pm)

Replying to: steen013altima (Aug 19, 2012 11:54 am)
REF: 1643
 
I did not say i bought one in my earlier post:
"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..."
 
A minute ago, there are 9 sv models at 500 below invoice. here is one example:
http://fitzmall.com/fitzway/carfind/RESULTSB.ASP?V_XREFID=FTON102984:2012-08-02T- 23:15:04.233
 
FWIW, the NMAC money factor is too high this month making a super lease deal hard to get. Residual %'s are good though.

#1646 of 1911 Re: 2013 Altima Lease [growing_credit] by speedman1

Aug 19, 2012 (7:35 pm)

Replying to: growing_credit (Aug 15, 2012 12:57 pm)
Sure. I'm currently dealing with Haldeman Nissan in Hamilton, NJ and Windsor Nissan- so far both have been responsive and provided lease numbers via email. Actually, Haldeman will email quickly if after putting in a request online. What dealerships have you reached out to so far??
 
I'm still in the process of negotiating but basically, I am aiming for below invoice since I'm able to use the VVP (vechicle purchase program) through my company. This will allow for a pre-set vehicle price without the back and forth price haggling. I have the residual, money factor and interest rate so i just calculate my payment. The only issue I'm having is that the montly payment is coming out to be higher than I expected because of no incentives (cash back, rebates) etc. Also, the reisidual value isn't very high. I don't know if this will change after the car has been out for several months. I'm getting conflicting stories about this. Either way I really like the car so I don't know if I should just continue to push for a better deal or just wait ( problem is my lease on my current car is ending in sept). I drove the 3.5 SV and it's great but maybe i should look at a lower priced 2.5. I dunno.
 
Let me know if you've made any progess with your negotiating. Good luck!

#1647 of 1911 Re: Just leased a 2012 Altima SL in suburban Philly [steen013altima] by partcans

Aug 19, 2012 (10:04 pm)

Replying to: steen013altima (Aug 19, 2012 11:21 am)
Hi, You can confirm with our sleepy host, but the money factor is correct--.0002. This is less than half of the Accord's money factor, and one of the reasons that I was able to lease it for less than the Accord (despite the fact that the selling price was higher). The residual was 52% (after 39 months, 15,000 miles/yr.)

#1648 of 1911 Re: Just leased a 2012 Altima SL in suburban Philly [partcans] by altimaguy24

Aug 20, 2012 (12:26 am)

Replying to: partcans (Aug 19, 2012 10:04 pm)
How do you feel about 2013 Altima 2.5 (base model) for 24months, 12k year, 1700 out of pocket including first month, $240a month.
 
        OR
 
2013 Altima 2.5 (base model) for 39months, 12k yr, $2000 out pocket, $235 month
 
Thanks for your input

#1649 of 1911 Re: 2013 Altima Lease [speedman1] by growing_credit

Aug 20, 2012 (6:25 am)

Replying to: speedman1 (Aug 19, 2012 7:35 pm)
I am located in Central Jersey and I inquired pricing with Sansone auto, North plainfield nissan, edison nissan. So far edison nissan is the most honest dealership with me indicating they don't have received any SL's so would not be able to give me the pricing. This was back in July 2nd week. I went in to have my old car appraised. Once they recieve the car I will be actually getting onto negotiation step. Btw I am planning to buy the car since I would be using it for atleast 7-8 years and my driving mileage are high.
 
Sansone and north plainfield nissan were not at all cooperative and they want me to come down and only than they would talk the pricing. Sansone person was so confident that they wanted me to come in sign the paperwork, give deposit and they can get me the new 2013 SL, Tech package, black-on-black in "2" days. This was also in July 2nd week. After that I have decided to wait unless dealerships have the cars actually listed on their website and only than I would start the process.

#1650 of 1911 Re: Is this a good lease deal [pegasus17] by steen013altima

Aug 20, 2012 (7:27 am)

Replying to: pegasus17 (Aug 19, 2012 12:56 pm)
that SV 22694 is a great deal it is at .90 of msrp.
 
Ive gone to 4 dealers in south florida and they are not moving off 95% of msrp for any and all altimna models.
 
the dealers Ive gone too, one is an autonation dealer with many outlets, another is an automall with various brands (honda/gm etc) the other two were only nissan dealers. that my choice down here.

#1651 of 1911 Re: Is this a good lease deal [pegasus17] by steen013altima

Aug 24, 2012 (11:02 am)

Replying to: pegasus17 (Aug 19, 2012 12:56 pm)
pegasus heres the comparison on my south florida lease proposal vs fitzmall. on the surface fitzmall is better.
fitmall deal was msrp 23580 vs 23410 (difference was fitz had side moldings), sell price w/ acquisition cost was fitz 21916 vs 22926. RV fitz 14384 vs 14280.
 
figuring the lease at .002 money factor bc this is nissans tier one now.
 
fitz payment 266 vs 296.
 
but with fitz i need 1454 for tax, fees , regi, tax in advance and tinting windows, VIN etching PLUS first months lease payment vs just 186 plus first payment (the fees, etc, vin etch, tint etc was eaten by the dealer in so. florida not fitz who had the lower starting price.
 
final tally.....south florida lease payment 296. fitz payment if all was folded into lease 297. (all lease figures are without local sales tax monthly)
 
in conclusion you truly get what you pay for and no matter what dealer even if 1200 miles apart the numbers are the same...the freakin same.
 
I am going with florida. less money out of my pocket. i can go for an additional $30 per month vs having to come up with another $1,268 at inception now with fitz.
 
and as an add'l bonus, having vin # etching saves me $17 per month on my insurance vs no etching.
 
thanks for participating in this journey.

#1652 of 1911 Re: Altima 2013 Lease 24 months [altimaguy24] by steen013altima

Aug 24, 2012 (2:14 pm)

Replying to: altimaguy24 (Aug 17, 2012 10:22 pm)
on the surface for a base 2.5 it doesnt seem bad. this is the national deal from nissan, to do better more info is needed..such as whats the msrp, whats the selling price or cap cost.( i know there are no programs so their are no cap cost reductions) and for your info the bank fee or acquisition fee of $595 is pretty customary and applied to all leases, it really is a bank fee !!.
 
residual is probably at 61% or so, this is by the book, dealer has no say. but they do have a say in the seller price or cap cost after any reductions or additions (such as bank fee).
 
if your tier one your money factor (which is how they figure your rental fee is .0020, thats what NMAC (lease co of nissan) is offering now, it equates to a 4.8% interest if you wanted to convert it (.0020 x (multiplied by ) 2400=4.8%.
 
also the percentage of selling price to msrp to arrive at a good deal is needed. for instance a 90-91% selling price to msrp is really good. a 95% selling price to msrp is ok, but in a lease just those few percentage points will cost you, $20 to $30,.
 
write here the numbers, Ill figure it....

#1653 of 1911 Re: 2012 Altima lease [pegasus17] by steen013altima

Aug 25, 2012 (11:57 am)

Replying to: pegasus17 (Aug 14, 2012 6:04 pm)
NOw august of 2012 as in 2009 when my leases are due, i get a letter from nissan leasing of their pullback program.
 
it is to forgive, forget or whatever you want to call it for my last THREE lease payments. these payments are not put into my new lease, they are pulled back as is the phrase in the auto industry , if an only if i purchase/lease another nissan.
 
I just took advantage of it , again.
 
basically it made my 39 month lease 36 months on my 2009 which i turned in. and now i start again for the next 39 months ,,,I went with a 2013.
 
pegasus, i got the letter from nmac, and its for 3 months, not 9. not in my case anyway.

Messages Page 166 of 192

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