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Nissan Altima Lease Questions

728 messages,  Last post on Aug 05, 2008 at 7:14 PM

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

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#589 of 728 Altima 3.5SL Lease by hwill1 Apr 21, 2008 (4:29 pm)
First, I want to say 'thanks' to all for sharing information here. I had never leased a vehicle and learned much here and at LeaseGuide.com. It greatly helped me understand the process and hopefully make a good deal. I negotiated & signed the following lease at Lake Manawa Nissan in Council Bluffs, IA (just across from west Omaha, NE where I live).   36 mo. / 12K mi lease on Altima 3.5 SL MSRP = $29,315 total [$28,380 + $135 (spl gds) + $175 (flr mats) + $625 (dest.) ] MF = 0.00122 and 59% Residual = $17,295.85 Adj Cap Cost = $27,666 which included: ($595 Acq Fee + $17 Title & Tire Fee) This got me into a monthly payment of $342.91 w/o taxes. At 5.5% tax where I live in NE, put me at $361.77 total monthly. My drive off was $361.77. They waived the security deposit ($350) due to good credit. They had a $179 doc fee but after negotiation, seems they waived that and then some (like $105 to get to the adj cap cost I wanted) so I could drive off at $342/mo.   Plus, they found the color I wanted in KC and are swapping with a dlr there at no additional cost. Feel OK about it as it seems like just under invoice.   Thx again CarMan and others. Replies to this message: Car_man (Apr 25, 2008 3:28 am)
#590 of 728 Re: 2008 Coupe questions [aaron1981] by Car_man HOST Apr 25, 2008 (2:28 am)
Replying to: aaron1981 (Mar 30, 2008 12:29 pm) Hi aaron1981. Different states use different methods for calculating sales tax on leased vehicles. There are three main methods of doing so (I suppose that you could say that there are four if you count the states that don't charge sales tax at all). In the first, the state taxes the payment and down payment. The last time that I looked into this, most states, including Florida, Georgia, Missouri, Connecticut, and California use this method. The second way is to tax the entire selling price of the vehicle. I believe that this is how sales tax is calculated on leases in states like Illinois, Texas, and Ohio. Lastly, some states only tax the depreciation portion of leases. This is tax is calculated on leased vehicles in New Jersey. If you tell us what state you are in, perhaps myself or another helpful community member will be able to give you an idea of how to calculate sales tax in your area.   As far as this car's lease program goes, it varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Nissan Altima Coupe 2.5S CVT with 15,000 miles per year are .00240 and 57%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#591 of 728 Re: April lease rates [jao6304] by Car_man HOST Apr 25, 2008 (2:36 am)
Replying to: jao6304 (Apr 01, 2008 8:30 am) Here you go, jao6304. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2008 Nissan Altima Sedan 2.5 S with an automatic transmission and 15,000 miles per year are .00132 and 58%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#592 of 728 Re: High price quotes [starscream] by Car_man HOST Apr 25, 2008 (2:41 am)
Replying to: starscream (Apr 08, 2008 3:55 pm) Welcome starscream. Since you are new, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible and then have the dealer that gives you a price that you are happy with calculate your monthly payment using its buy rate lease money factor.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#593 of 728 Re: NJ Lease [steevo] by Car_man HOST Apr 25, 2008 (2:50 am)
Replying to: steevo (Apr 14, 2008 7:42 am) Hello steevo. Nissan Motor Acceptance Corp.'s April buy rate lease money factor and residual value for a 36 month lease of a 2008 Altima Sedan SE V6 with an automatic transmission and 15,000 miles per year are .00122 and 57%, respectively. This car's 24 month money factor is exactly the same. I haven't crunched any numbers, but I suspect that a 2 year lease of one right now would be much more expensive than a 3 year lease.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#594 of 728 Re: Altima 2.5S and 2.5 SL [will_22] by Car_man HOST Apr 25, 2008 (3:11 am)
Replying to: will_22 (Apr 14, 2008 2:59 pm) Welcome aboard, will_22. It is difficult to analyze this deal without knowing what this car's full MSRP and selling price are. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing what this vehicle's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment.   Negotiating a selling price that's as close to dealer invoice as possible and then having the dealer calculate your monthly payment using its buy rate lease money factor is a good way to get a great deal on a leased vehicle.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#595 of 728 Re: 08 Altima 2.5SL Lease [rmiraglia] by Car_man HOST Apr 25, 2008 (3:20 am)
Replying to: rmiraglia (Apr 16, 2008 6:59 am) Hey Rob. 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 SL with an automatic transmission and 15,000 miles per year are .00122 and 58%, respectively. Shop around with a couple of dealers for the lowest possible selling price on this car and then have them use this lease program to calculate your monthly payment and you're in business.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#596 of 728 Re: lease numbers [madams2] by Car_man HOST Apr 25, 2008 (3:21 am)
Replying to: madams2 (Apr 17, 2008 5:54 am) Here's the information that you're looking for, madams2. 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 3.5 SL with an automatic transmission and 15,000 miles per year are .00122 and 58%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#597 of 728 Re: Altima 3.5SL Lease [hwill1] by Car_man HOST Apr 25, 2008 (3:28 am)
Replying to: hwill1 (Apr 21, 2008 4:29 pm) You're very welcome, hwill1. Thanks for taking the time to stop back and share the details of your lease with everyone. Don't forget to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your new ride .   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#598 of 728 08' Altima 3.5 SE w/ Technology Package by surfwrv32 Apr 25, 2008 (4:06 pm)
Hey Car Man,   First and foremost, you do a great job here keeping up with all these requests!! I recieved a quote today and wanted to know what you thought about it..   2008 Nissan Altima 3.5 SE w/ Technology Package 39 Months 12K/ year   They want $1800 drive off and $330/month for 39 months.   Let me know what you think please.   I appreciate your help.   Regards, Rick Replies to this message: Car_man (May 20, 2008 3:26 am)

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