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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 185 of 191

#1841 of 1903 Altima 3.5 SL by nsolis

Mar 10, 2013 (3:50 pm)

Just finished my new lease deal at AutoFair Nissan in Massachusetts. Massachusetts has a 6.25% tax rate.
 
Nissan Altima 3.5 SL, Black/Black; everything included except Tech Package. (No need for NAV in 2013 and the presence of smart phones/personal GPS devices; the 3 other parts of the NAV package seemed excessive.)
 
PRICE OF CAR
 
MSRP - $31,475
Selling Price - $28,000
Acquisition Fee and Doc Fee - $595 + $372 = $967
Rebates - $500 Loyalty and $375 Leasing Altima = ($875)
Total Cap Cost - $28,092
 
FINANCE NUMBERS
 
Money Factor - .00073
15K Miles Per Year/Residual of 60% of MSRP - $18,885
 
MONEY PAID AT DEALER AT CLOSING
 
First Months Payment/Title Fee/Registration Fee/Minimal Cap Cost Reduction and Associated Tax to get my payment to an even $301 = ($301/$50/$75/$236.22 and $14.76) = $677
 
$283.30 + $17.70 = $301/month.
 
Moreover, I turned in my 2010 Nissan 2.5 SL lease and per usual with Nissan, they waived my wear and tear charges of $380. (They waive up to $500 if you buy/lease another Nissan).
 
How'd I do Car_man?

#1842 of 1903 Re: Altima 3.5 SL [newgirl12345] by nsolis

Mar 10, 2013 (3:53 pm)

Replying to: newgirl12345 (Mar 07, 2013 8:10 pm)
It's hard to know newgirl12345 without knowing the MSRP and Negotiated Selling Price of the vehicle. Moreover, I've never found it to be a good idea to put a huge amount of money down on a lease; just my opinion, but I know it's shared by others.

#1843 of 1903 Altima 2.5S 12K 36 Month Lease by brcar

Mar 12, 2013 (1:24 pm)

Received this offer today in NJ. This was the first Nissan dealership I have gone to and told them that I was looking at other makes/models, to make a competitive offer, that I know how to calculate a lease and not to show me any quotes with the sale price anywhere near MSRP.
 
Tried to get them to itemize all of the fees which turned out to be quite difficult and the numbers don't seem to exactly match what was posted here.
 
Altima 2.5S
 
MSRP: 23,850
Sale Price: 21,200 (including delivery) - They claimed this was $700 off their cost.
 
MF: .00073
 
Here is what was throwing me off
Residual: 61% - Saw this as 60% here (not that i'm complaining)
 
$14,704 was hand written as the "buy out" I assume residual value, but I don't see how they arrived at that using either 61% or 60%.
 
$249 Doc Fees
$595 Acquisition
$330 Title, Tags (4 years registration)
 
For a truly no money down (they pay first payment) including 7% tax:
 
$269 x 35 remaining payments
 
No mention was made of the $375 cash incentive.
 
Using the leaseguide calculator and the stated 61% residual I get a payment including 7% tax of $262.34 (this is essentially the same as 35 payments of $269 that they quoted.
 
If they were to include the $375 lease cash I've seen advertised I get $251 X 36 months
 
Using the "buy out" number quoted (w/ no incentive) I get a payment of $257 (36 months). With the cash incentive I arrive at: $245.52 (36 months)
 
After the information overload, I guess my question is what does everyone think? Is this a fair value for this model? What quotes are others getting for a 2.5S?
 
Any input appreciated.

#1844 of 1903 Altima 2.5 SV by aaach

Mar 13, 2013 (12:30 pm)

Altima 2.5 SV with Mats, Splash Guards, and External Ground Lighting
MSRP $25,840
42 mo
10K mi/year
Including PA taxes 6%
Nothing down
Doc fees about $85
$450 return fee unless repeat lease
$500 allowance for return damage
PA registration and plates $220 extra
 
$265 / mo
 
Is this a good deal? Thanks.

#1845 of 1903 Re: Altima 2.5 SV [aaach] by jknast1

Mar 13, 2013 (12:53 pm)

Replying to: aaach (Mar 13, 2013 12:30 pm)
This deal is pretty good, but I think they can do a little better.
 
I am picking up an Altima SV with conv package, splash guards, mats, external ground lighting on Friday for $269 per month.
 
This is for 36 months, 12k per year. The only payment on Friday will be the first month's payment ($269). I live in NJ which has a sales tax of 7%.

#1846 of 1903 . by mdspinner

Mar 13, 2013 (1:04 pm)

Ask about st. pat's day bonus cash

#1847 of 1903 Re: Altima 2.5 SV [jknast1] by flaggrad00

Mar 13, 2013 (1:26 pm)

Replying to: jknast1 (Mar 13, 2013 12:53 pm)
Can you please share your residual and money factor? I think i am pretty locked in on the MF at .00073, but i not sure if 12K a year is 60% or 62% for a SV.
 
Thanks

#1848 of 1903 Re: Altima 2.5 SV [jknast1] by brcar

Mar 13, 2013 (4:29 pm)

Replying to: jknast1 (Mar 13, 2013 12:53 pm)
What dealership is this?

#1849 of 1903 2.5SL with Tech , spoiler , tint by scott182544

Mar 13, 2013 (5:12 pm)

Car Man , am I crazy for this offer ?
Here is what I offered.
MSRP 31195 added spoiler and tint offering 400.00 as adder to MSRP 30795
Offered 27452
Fee's added 745. / 595 and 150 for doc
I want the rebates as down payment 500 loyalty , 500 St. Pat's
cap cost 27197
57% residual
.00073 money factor
3 year 15 k miles per year
7.55% tax
Car note 294.39
Tax 22.23
total per month 316.62
Am I crazy for asking for this deal ? As others have said BE STUBBORN . We still have 2 payments to go , so I have time

#1850 of 1903 Re: Altima 2.5 SV [brcar] by aaach

Mar 14, 2013 (9:54 am)

Replying to: brcar (Mar 13, 2013 4:29 pm)
$265 was at Kings Nissan

Messages Page 185 of 191

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