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Nissan Altima Lease Questions

1140 messages,  Last post on Nov 23, 2009 at 7:02 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#501 of 1140
Re: Altima Hybrid Help [Car_man] by flyinlynx
Feb 01, 2008 (8:18 am)
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Replying to: Car_man (Feb 01, 2008 2:27 am)

Hey Car Man, question for you...I'm not too well schooled on all the residual value/leas money factor stuff but I am very interested in leasing a hybrid. What am I looking at for the following needs:
 
Lease term: 39 month
 
Miles needed per year: 12,000 or 15,000
 
Model: Hybrid, completely loaded, MSRP 32,000 I believe.
 
Trade in value: 0
 
Deposit: $3000
 
I'd like to know both what I'd be paying a month and how much my monthly payment decreases with each additional $1000 (past the $3000) that I would put down.
 
Thanks!
 
brendan
#502 of 1140
Feb. Lease rates for 2.5S CVT? by ajpbf7
Feb 09, 2008 (7:37 pm)
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Hi Carman,
 
Could you please provide the MF & Residual for 24 & 36 month term on the 2.5S Altima Sedan with CVT? Mileage would be 10 or 12K per year. Thank you.
#503 of 1140
Also Can Consumer Cash be applied to a lease? by ajpbf7
Feb 09, 2008 (7:38 pm)
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I see Nissan is offering consumer cash of $1000. Can this be applied to a lease or purchase only? Thanks again.
#504 of 1140
2008 Altima 2.5S / SL Pkg. - Any Feedback Please by nyc_carguy
Feb 12, 2008 (11:03 am)
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Hello - I am pretty close to locking a deal and could use some feedback. Let me know what you think....
 
Details
2008 - Altima 2.5S w/ SL Package
(Includes other minor misc options - Emerg. roadside kit, wind deflector, etc.)
Lease Term: 24 Months
Total Out of Pocket Down: $2,423
Monthly Payment (inc. tax): $254
Mileage: 12k/annually
 
This includes a single tire replacement and free oil changes for life of lease.
 
Sound reasonable?
#505 of 1140
NYC Car Guy by insurance_guy
Feb 12, 2008 (1:29 pm)
Reply
Save your down payment. Go with a higher monthly payment and keep your cash to offset the increase. If you total the car, your insurance company will only payoff the lease balance and you will lose your equity. For example: put $2,400 down and pay $254 per month. Total the car in month 12. You lose the entire $2,400. Put $0 down and pay $100 more or $354/month. Total the car in month 12. You lose only $1,200 and have $1,200 for your next car.
#506 of 1140
Re: 2008 Altima 2.5S / SL Pkg. - Any Feedback Please [nyc_carguy] by steevo
Feb 12, 2008 (4:24 pm)
Reply

Replying to: nyc_carguy (Feb 12, 2008 11:03 am)

Sounds good. To know for sure, what is the MSRP, whats the Selling Price, or Capitalized cost of the vehicle?
Whats the MF?
Residual? I think its 70%
Whats the breakdown of the up front, first, tax, other?
#507 of 1140
Re: 2008 Altima 2.5S / SL Pkg. - Any Feedback Please [steevo] by nyc_carguy
Feb 13, 2008 (11:11 am)
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Replying to: steevo (Feb 12, 2008 4:24 pm)

Steevo -
 
It is like pulling teeth to get this information from these guys. I have the salesman working on it. From what I understand (and anyone can tell me if I am wrong) is that if you are going with NMAC (Nissan Finance) MF and Residual are pretty standard. Still want to know what they are though.
 
Up front is Tax, Bank Fee, Motor Vehicle Fees, 1st Month Payment.
 
I am working to get the exact numbers on everything to see what I am applying as a cap cost reduction. Will let you know once I have everything.
#508 of 1140
Re: 2008 Altima 2.5S / SL Pkg. - Any Feedback Please [nyc_carguy] by steevo
Feb 14, 2008 (11:20 am)
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Replying to: nyc_carguy (Feb 13, 2008 11:11 am)

Your up fronts sound like there is also a payment to reduce the monthly. I only need the MSRP and the selling price to asses this deal.
The Residual is 70% and the MF I think is .00140.
There should be no teeth to pull to get the MSRP and Selling price of the car you are leasing......
The payment seems low but there is probably a cap cost reduction you are paying up front...
#509 of 1140
2008 Altima 2.5S / SL Pkg. - Any Feedback Please by nyc_carguy
Feb 14, 2008 (11:37 am)
Reply
Steevo -
 
MSRP is $25,775
Selling Price (Car w/options and destination fee) is $23,770
 
For reference, Invoice is $23,975
#510 of 1140
Re: 2008 Altima 2.5S / SL Pkg. - Any Feedback Please [nyc_carguy] by steevo
Feb 14, 2008 (1:12 pm)
Reply

Replying to: nyc_carguy (Feb 14, 2008 11:37 am)

Ok, I am not a dealer. But I have been shopping these cars and ran the numbers myself. It looks to me like they added 1000 to your upfront costs..Or the Tax is really in the upfront fees..Or both. So the 2400 up front has a large component that lowers the monthly.
Still, the numbers are pretty good. You COULD get a few more hundred off the price if you shop it a bit, but if you like the deal you arent being ripped off. They are just moving the money around. You could have them put 1000 back into the monthly and still be under 300. Or easily get 15000 per year instead of 12000.
Good Luck!

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