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Nissan Altima Lease Questions

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

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

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#511 of 1140 Need Current Money Factor & Residual for Altima S by tjinbp Feb 14, 2008 (4:49 pm)
Hello, can anyone tell me what the Money Factor and Residual are for a 2008 Altima S with a term of 36 months? Thank you Replies to this message: Car_man (Mar 10, 2008 2:19 am)
#512 of 1140 Hybrid Tax Credit and Leasing by rumblebumble Feb 14, 2008 (8:15 pm)
The Hybrid gets a $2350 tax credit, but not if you lease.   However, because I pay AMT, I am not eligible if I purchase.   I have a negotiated cash price on a car, but am now thinking that maybe I should lease it instead and reduce the price by the credit (given that the leasing company gets it).   Am I missing anything? Has anyone had luck doing this?
#513 of 1140 Is this a good deal? by alsellit Feb 15, 2008 (6:25 am)
I'm new to the whole leasing thing but this is what I've been offered. Can anyone tell what they think of the deal I'm supposed to pick up the car today. 2008 altima 2.5s standard model with the cvt transmission metallic jade 39 month lease $300 down $658 back to me to pay off my other car gap insurance included 1st payment included 269 + tax a month I don't know the other numbers yet I did the deal last night but dealer said i couldn't take delivers or finish the paperwork till today because they were getting extra incentives starting friday feb 15th Please contact me I pick up the car at one and sign the paperwork thanks Replies to this message: nyc_carguy (Feb 15, 2008 8:26 am)
#515 of 1140 Re: Is this a good deal? [alsellit] by nyc_carguy Feb 15, 2008 (8:26 am)
Replying to: alsellit (Feb 15, 2008 6:25 am) Alsellit - It's difficult to tell if this is a good deal without the MSRP and Negotiated Price for your car. However, I made the following assumptions... MSRP = $21,775 (B2.5S, Dest. fee, Splash Guards, Emerg. Aid Pkg., Floor mats) Negotiated Price = 20,363 (Invoice price on the above) Money Factor = .0015 Residual Value = 60% Added costs = $658 (old car payoff), $595 bank fee Tax Rate = 8.375%   With all of that said... your payment should be $263.43 + 22.06 tax.   So you are in the ballpark of a reasonable deal. However, any of the assumptions I had to make could throw the numbers off. If you have better info, I could give a better answer. With the add'l incentives they are getting on the 15th you might be able to negotiate a better deal, but I don't think you are getting totally screwed here or anything.
#516 of 1140 3.5 SE, Feb lease numbers? by cnote2 Feb 15, 2008 (11:36 am)
Hi, can someone please post the altima 3.5 se mf and residuals for 36/39 month 12-15k?    Thanks in advance. Replies to this message: Car_man (Mar 10, 2008 2:21 am)
#517 of 1140 2008 Altima Hybrid lease factors by jao6304 Feb 20, 2008 (7:57 am)
I'm thinking about leasing an Altima Hybrid. Can someone please post the residual and MF for 36 and 39 month terms, 15k miles?   Thanks. Replies to this message: jao6304 (Feb 21, 2008 10:48 am) kyfdx (Feb 21, 2008 1:12 pm) Car_man (Mar 10, 2008 2:52 am)
#518 of 1140 Altima Lease by dstokl51 Feb 20, 2008 (7:48 pm)
Car Man I got these figures for a 2008 Altima 2.5SL. near Pittsburgh   Sticker: 23,630   Sale Price: 21,377 (300 below invoice)   39 month lease   Residual 59%   Money Factor .00150   No cash exchanged, No Trade   Sign & Drive 280.00/mo plus 9% tax = 305.20   Does this sound appropriate ?? Question 2: What is a "Rent Charge" on the lease agreement Replies to this message: seman07 (Feb 20, 2008 8:13 pm) steevo (Feb 22, 2008 6:37 am) Car_man (Mar 10, 2008 2:55 am)
#519 of 1140 Re: Altima Lease [dstokl51] by seman07 Feb 20, 2008 (8:13 pm)
Replying to: dstokl51 (Feb 20, 2008 7:48 pm) dstokl51,   I have been in the car business for 6 years now. If you are buying the Altima for 300 below invoice, that is a good deal! I leased myself a 07 Altima 3.5SE manual for 39 months. The residual factor is right were it should be and the money factor is penuts. For 280/mo plus the tax of 9%, I think you should do it. You will love the car   Another thing that you might want to do is ask the dealer what specials are running right now. Make sure you tell him to run it at the figures that you agreed on, but just changing it up to a 36mo or a 42mo might make a difference.   As far as the "Rent Charge" goes, I have never heard of that. Some states might be different but make sure that you ask the dealer that question. Don't sign anything until you see the contract, and make sure to look at what you can buy the car for at the end of the lease. Take that number and subtract it from what the agreed price is (21,377) and calculate it. Some dealers are not that honest about those things.   Hope this helped.
#520 of 1140 Re: 2008 Altima Hybrid lease factors [jao6304] by jao6304 Feb 21, 2008 (10:48 am)
Replying to: jao6304 (Feb 20, 2008 7:57 am) Another question I have regarding a lease - I'm tempted to trade in my '03 TrailBlazer, which would significantly lower my payment (worth about $8300 trade in according to kbb.com). The worry is if something happens to the new car (i.e. stolen or totalled), I lose that money. Any thoughts?   Thanks. Replies to this message: kyfdx (Feb 21, 2008 1:12 pm)

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