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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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#521 of 1140
Re: 2008 Altima Hybrid lease factors [jao6304] by kyfdx HOST
Feb 21, 2008 (1:12 pm)
Reply

Replying to: jao6304 (Feb 21, 2008 10:48 am)

Don't do it... Just have the dealer cut you a check for your trade.. Put it into a money market account and withdraw an equal amount each month... The difference will be negligible..
#522 of 1140
Re: Altima Lease [dstokl51] by steevo
Feb 22, 2008 (6:37 am)
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Replying to: dstokl51 (Feb 20, 2008 7:48 pm)

The rent charge is the amount of money that the Money Factor or interest rate is equal to over the life of the lease. Its the interest charges as a total. So if there were such a thing as a MF of 0, the rent charge would be 0.
#523 of 1140
Altima 2.5S and 2.5 SL by minicheru
Feb 26, 2008 (7:10 pm)
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Hi. Today, I received a quote for 08 Altima 2.5S & 2.5SL
 
-15K per year, 36 month lease
-$400 at signing (including first month payment and fees)
-$258 per month including tax
 
And for Altima 2.5SL,
 
15K per year 36 month lease
$450 payment at signing
$299 per month including tax
 
Do you think that these offers sound ok?
Thank you.
#524 of 1140
Residual Value on 2008 Nissan Altima 2.5L Coupe by amc1201
Feb 27, 2008 (6:40 am)
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Hubby & I leased an '08 Nissan Altima 2.5L Coupe 3 weeks ago. The residual value was set at 14038. Yesterday the "new finance guy" from the dealership called to say that the previous finance guy set the residual value too low & the papers needed to be re-done & re-signed. He tried to paint a pretty picture by saying that our payments would be lower. Funny thing is that some friends of ours bought a new Infiniti about 2 wks ago & they got a call last week about the exact same thing. My questions: is the residual value in fact too low? At that amount, percentage-wise, it's 61%. Hubby & I are happy with the monthly payment amount & we have yet to call this finance guy back to let him know we won't re-sign papers. Can you shed some light on this residual value situation? Your help is greatly appreciated!!!
#525 of 1140
Hybrid anyone? by flyinlynx
Feb 27, 2008 (2:27 am)
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Somebody tell me what it's gonna cost to lease an altima hybrid with all options (navi, etc). I think the MSRP is like 32000. I know the 2.5 is discussed a lot but I am interested in buying a hybrid. Anyone know?
#526 of 1140
2008 nissan altima 2.5 sedan lease by newnissancar
Mar 01, 2008 (10:54 pm)
Reply
I'd very much like a head-check on this deal for a 2008 Nissan Altima 2.5 sedan:
- $1,500 out-the-door (includes some cap reduction, tax, title, first payment, etc.)
- 24 month term
- 12k miles per year
- base model (no add-on packages)
- $246/month, including tax
- money factor is $0.0014
- residual is 71%
- I am in Southern California, and there are no special promotions here now.
 
Thank you!
#527 of 1140
Desire to get out of my '07 lease by jab2007
Mar 02, 2008 (7:54 pm)
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I have read many forums and websites regarding ending a lease early, but I am still relatively confused. I love my vehicle but realize that I am currently paying too much for my current budgetary needs.
 
I leased a 2007 Nissan Altima 3.5 SE last April. My lease terms are 39 months with a 455 dollar monthly payment. I traded in my car when signing up for a lease, and they gave me 4K on that. According to NMAC, my residual amount on my lease is 15.5K. I have not gone in to ask for an exact payoff amount, but I was informed there was a 1200 dollar early termination fee. So basically, I have paid 10 payments on my lease and would like to know if anyone can give me a detailed description of what I would owe. Hopefully, there is someone out there that can help me. Thank You.
#528 of 1140
Re: Desire to get out of my '07 lease [jab2007] by r5020
Mar 03, 2008 (4:15 am)
Reply

Replying to: jab2007 (Mar 02, 2008 7:54 pm)

I think your best option would be to buy out the lease and sell the car. However I think if I remember with my last lease - at least 12 lease payments needed to be made in order to permit a lease buyout.
 
The only other option I could think of is to approach them about leasing a less expensive vehicle through them - perhaps they wouldn't penalize you as much - although you will still have significant costs rolled into the new lease payment - however I am sure it would be less.
 
Good Luck - I had similar feelings (I leased the same exact model/trim, and pay a little more - but I didn't put anything down) but I have calmed down since.
#529 of 1140
Altima 2.5S residual and MF by jao6304
Mar 03, 2008 (5:05 am)
Reply
Can someone please post the Altima 2.5S money factor and residuals for 36/39 month leases, 12-15k miles per year?
   
Thanks.
#530 of 1140
Re: Desire to get out of my '07 lease [jab2007] by steevo
Mar 03, 2008 (3:18 pm)
Reply

Replying to: jab2007 (Mar 02, 2008 7:54 pm)

Call NMAC rto get the current buyout price. The termination fee only applies if you END the lease prematurely with no intent to make the final payments owed. As long as you either buy the lease out, or make all the payments, you can end the lease without penalty.
If the car is worth as much as its current buyout number you may be able to sell it.
It will be a big PIA but you should be able to get out.

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