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Nissan Altima Lease Questions

708 messages,  Last post on Jul 23, 2008 at 7:17 AM

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

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#546 of 708 Re: Desire to get out of my '07 lease [jab2007] by Car_man HOST Mar 11, 2008 (2:17 am)
Replying to: jab2007 (Mar 02, 2008 8:54 pm) HI jab2007. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#547 of 708 Re: Altima 2.5S residual and MF [jao6304] by Car_man HOST Mar 11, 2008 (2:19 am)
Replying to: jao6304 (Mar 03, 2008 6:05 am) Here you go, jao6304. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Altima 2.5S with an automatic transmission and 15,000 miles per year are .00122 and 59%, respectively. The numbers for an otherwise identical 39 month lease are .00132 and 58%. If you were to lease with only 12,000 miles per year, this car's residuals would be 1% higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#548 of 708 Re: 3.5 SE Loaded [asav1976] by Car_man HOST Mar 11, 2008 (2:22 am)
Replying to: asav1976 (Mar 04, 2008 10:03 am) Congratulations on getting your new Altima, asav1976. I'm glad that you were able to learn so much by visiting the forums. Thanks for taking the time to share the details of your lease with everyone. Don't forget to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with everyone. Enjoy your new ride .   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#549 of 708 Re: Residual Value and money factor [skinnydog1] by Car_man HOST Mar 11, 2008 (2:24 am)
Replying to: skinnydog1 (Mar 09, 2008 2:49 pm) Here's the information that you're looking for, skinnydog1. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Nissan Altima Sedan 3.6 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 with only 12,000 miles per year, this car's residual values would be 1% higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#550 of 708 Altima Lease and cash back by czcon1 Mar 11, 2008 (2:32 pm)
HI from the post above it says that you can't apply the rebates to the lease price? So the price I've been negotiating with dealer will go up $1250 if I decide to lease instead of buy? 08 Altima Auto 2.5S with SL package,floor mats,splash guards, $22162. Also the Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for 36 Mo. 15K is .00122 and 59%, is this correct. Replies to this message: Car_man (Mar 12, 2008 2:15 am) steevo (Mar 12, 2008 7:15 am) czcon1 (Mar 16, 2008 1:47 am)
#551 of 708 Re: Altima Lease and cash back [czcon1] by Car_man HOST Mar 12, 2008 (2:15 am)
Replying to: czcon1 (Mar 11, 2008 2:32 pm) That's correct, czcon1. Nissan's consumer cash incentives are not compatible with NMAC's special lease program. If the dealer used the cash incentive that is available on the 2008 Altima to arrive at the selling price that you have negotiated the capitalized cost for your lease would be higher. On a lease of an '08 Altima I personally would shoot for a selling price of a couple hundred dollars over dealer invoice. The money factor and residual value that you mentioned are correct for a 36 month lease of an '08 Altima 2.5S Sedan with an automatic transmission and 15,000 miles per year.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#552 of 708 Re: Altima Lease and cash back [czcon1] by steevo Mar 12, 2008 (7:15 am)
Replying to: czcon1 (Mar 11, 2008 2:32 pm) I heard that there was 1000 dealer cash on leases in February. Maybe Car_man or somone else here can confirm?
#553 of 708 Re: Altima Lease and cash back [czcon1] by czcon1 Mar 16, 2008 (1:47 am)
Replying to: czcon1 (Mar 11, 2008 2:32 pm) Hi I was wondering what people thought of this deal 2.5S Auto SL Package,Mats,splash guards,sunroof wind deflector,first aid package. MSRP $25705. 7.5% tax, $800 down $325 Mo for 36 Mo. 15K year lease.
#554 of 708 2.5 S Coupe Lease? by brianinnc Mar 19, 2008 (4:50 pm)
Hi Carman:   I'm trying to get a good lease on the 2.5 S Coupe. Looking at a car with MSRP of $23769. With $3000 down, I'm looking for something in the $270 area. Salesman in N. Carolina came back with .00244 money factor and monthly pmt of $307 for a 39 month lease 12k mi, 57% residual "Best Deal". Sounds about $35 high, right? He didn't really want to discuss 36 mo lease. Is the S coupe not covered in Nissan Corp lease program? If not, what should a good lease payment and math be? My credit and FICA are very good.   Thanks,   Brian in NC
#555 of 708 Proposed lease price ... by berliner24 Mar 24, 2008 (7:38 am)
Hey,   New to the forum. Just wanted to know what you all thought of this potential lease deal, I'm from NY if it makes a difference.   2008 Nissan Altima Sedan (2.5SL w/ connection package) Dark Slate Metallic exterior, charcoal leather interior Wind deflector, floor mats, first aid all included 0 money due at inception, absolutely nothing. No first payment, no taxes, no security. 36 months, 12K miles/year, $359/mo (payment includes taxes)   Good? Replies to this message: supraturbo320 (Mar 30, 2008 10:00 pm)

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