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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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#532 of 1140
trade in + lease... by r000
Mar 08, 2008 (11:16 am)
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Can someone please tell me how this would work :
 
I have a 2005 Altima which I own (paid in full).
 
If I wanted to lease a new 2008 Altima would the dealer be willing to buy back my current Altima? Do they even do that? The KBB value is around $10700
 
Any advice would be appreciated, Thanks.
#533 of 1140
Re: trade in + lease... [r000] by gooddeal2
Mar 08, 2008 (4:33 pm)
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Replying to: r000 (Mar 08, 2008 11:16 am)

The dealer will have no problem buying your Altima. However, you should try to work w/ more numbers to see if it's better for you to buy or to lease. Since you have a lot of equity w/ your current car, it might be better if you just buy instead, sale tax credit...etc.
#534 of 1140
Residual Value and money factor by skinnydog1
Mar 09, 2008 (1:49 pm)
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Can someone post the MF and Residual Value for the 6 cyl Altima for both 36 and 39 months and also for 12K and 15K per year?
 
thanks, for your help
#535 of 1140
Re: Altima Hybrid Help [flyinlynx] by Car_man HOST
Mar 10, 2008 (1:43 am)
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Replying to: flyinlynx (Feb 01, 2008 8:18 am)

Hi brendan. Your car's lease payment will vary depending upon what its full MSRP and selling price are. You never mentioned the selling price, so for now I will assume that you are getting a $1,000 discount on this car. Let me know if the selling price that you are getting is considerably different. According to my calculations, if you were to lease a 2008 Nissan Altima Hybrid that has an MSRP of $32,000 and a selling price of $31,000 through Nissan Motor Acceptance Corp, right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $480. If you were to lease with only 12,000 miles per year, this payment would drop to around $472. Unfortunately, I am not sure how much additional security deposits lower money factors and in turn lease payments through NMAC.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#536 of 1140
Re: Feb. Lease rates for 2.5S CVT? [ajpbf7] by Car_man HOST
Mar 10, 2008 (1:53 am)
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Replying to: ajpbf7 (Feb 09, 2008 7:37 pm)

Hi ajpbf7. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 24 month lease of a 2008 Altima 2.5S CVT with 12,000 miles per year are .00122 and 69%, respectively. The numbers for an otherwise identical 36 month lease are .00122 and 60%. I don't believe that NMAC offers leases with only 10,000 miles per year, but if it does their residual values would likely be 1% higher.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#537 of 1140
Re: Also Can Consumer Cash be applied to a lease? [ajpbf7] by Car_man HOST
Mar 10, 2008 (2:17 am)
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Replying to: ajpbf7 (Feb 09, 2008 7:38 pm)

Hi ajpbf7. Unfortunately, the $1,250 cash incentive that Nissan is providing on the 2008 Altima Sedan right now is not compatible with NMAC's special lease program.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#538 of 1140
Re: Need Current Money Factor & Residual for Altima S [tjinbp] by Car_man HOST
Mar 10, 2008 (2:19 am)
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Replying to: tjinbp (Feb 14, 2008 4:49 pm)

Hello tjinbp. Here's the information that you're looking for. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Altima S with an automatic transmission and 15,000 miles per year are .00122 and 59%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#539 of 1140
Re: 3.5 SE, Feb lease numbers? [cnote2] by Car_man HOST
Mar 10, 2008 (2:21 am)
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Replying to: cnote2 (Feb 15, 2008 11:36 am)

Here you go cnote2. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Altima Sedan 3.5 SE with an automatic transmission and 15,000 miles per year are .00122 and 57%, respectively. The numbers for an otherwise identical 39 month lease are .00132 and 56%. If you were to lease this car with only 12,000 miles per year, its residual values would be 1% higher.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#540 of 1140
Re: 2008 Altima Hybrid lease factors [jao6304] by Car_man HOST
Mar 10, 2008 (2:52 am)
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Replying to: jao6304 (Feb 20, 2008 7:57 am)

Hi jao6304. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Altima Hybrid with 15,000 miles per year are .00264 and 55%, respectively. The numbers for an otherwise identical 39 month lease are .00264 and 54%.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#541 of 1140
Re: Altima Lease [dstokl51] by Car_man HOST
Mar 10, 2008 (2:55 am)
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Replying to: dstokl51 (Feb 20, 2008 7:48 pm)

Greetings dstokl51. $300 under dealer invoice is an excellent selling price for a leased 2008 Nissan Altima. The money factor that you were quoted looks about right as well. This looks like a good deal to me. If you like the car, I personally don't see any reason not to go for it.
 
In answer to your question about the "rent charge," vehicles' lease payments are composed of two parts the depreciation portion and the interest portion. The rent charge is the interest portion of your car's monthly payment.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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