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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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#61 of 1140 Re: Leasing now before end of year or next year [jagm96] by Car_man HOST Jan 11, 2006 (3:37 am)
Replying to: jagm96 (Dec 29, 2005 12:51 pm) Hi John. Well, it's already after the new year. I don't know if you have already leased the Altima that you were interested in, but if not you don't have much to worry about because its new January lease program should result in a similar lease payment to its December lease program. Its residual values for this model are a little lower in January, but Nissan introduced a $500 lease cash incentive to make up for that.   Don't worry about switching from 12,000 miles per year to 15,000 miles per year. All banks allow 15,000 mile per year leases. Your payment for a 15k lease would be a few bucks more per month. The exact amount depends upon the price of the car that you are getting. When one switches a NMAC lease from 12,000 miles per year to 15,000 miles per year, its residual value drops 1%.   Car_man Host Smart Shopper / Prices Paid Forums
#62 of 1140 Re: January Lease Rates [pfje] by Car_man HOST Jan 11, 2006 (3:50 am)
Replying to: pfje (Jan 10, 2006 12:47 pm) Happy New Year to you as well, pfje. If you were to lease a 2006 Nissan Altima 2.5 S through NMAC right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00088 and 65%, respectively. The numbers for an otherwise identical lease of a 2006 Altima 3.5 SE should be .00103 and 64%. If you were to lease either of these cars with only 12,000 miles per year, their residual values would be 1% higher. When negotiating your lease on either of these cars, keep in mind that Nissan is providing $500 lease cash on the '06 Altima this month. This cash will help you to negotiate an attractive capitalized cost.   Let's work up some lease payments for you and see what we come up with. According to my calculations, if you were to lease a 2006 Nissan Altima 2.5 S with an MSRP of $22,145 and a capitalized cost of $20,500 for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $285. With 12,000 miles per year, the payment for this car would drop to around $277. If you were to lease a 2006 Nissan Altima 3.5SE with an MSRP of $25,845 and cap cost of $24,500 for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be much higher at around $374. With 12,000 miles per year it would drop to around $364.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: rws0131 (Jan 11, 2006 4:26 pm) Car_man (Jan 12, 2006 4:03 am)
#63 of 1140 Re: January Lease Rates [Car_man] by rws0131 Jan 11, 2006 (4:26 pm)
Replying to: Car_man (Jan 11, 2006 3:50 am) Car_Man,   The one dealer told me the residual was 1% lower for the Altima 2.5 SL. Is this true? Replies to this message: Car_man (Jan 12, 2006 4:03 am)
#64 of 1140 Re: January Lease Rates [rws0131] by Car_man HOST Jan 12, 2006 (4:03 am)
Replying to: rws0131 (Jan 11, 2006 4:26 pm) Yes, rws0131, the '06 Altima 2.5 SL's residual values are 1% lower than the '06 Altima 2.5 S's residual values are.   Car_man Host Smart Shopper / Prices Paid Forums
#65 of 1140 Just bought an 06 Altima 2.5S w/ SE pkg.... by b22squared Jan 12, 2006 (6:33 pm)
Carman, thanks so much for all the quotes and information. Thanks to you, I think I got a pretty sweet deal on my new car. I actually purchased it on the last day of 2005...   2006 Altima 2.5S - special ed pkg ($450), alloy wheels ($400), protection pkg($90), mats ($160), splash guards (don't have price handy, about $130 I think) - smoke gray w/ charcoal interior, automatic transmission - MSRP approx 21,800   39 mth lease/15k per year/.0009 money factor/56%res value 1,000 down ($520 as cap cost reduction)/cap cost=20,353 (value of veh: 19,803 + 550 acq fee)   total monthly payment=$239.51 (inc/ 7% FL tax). I actually had another dealer willing to go down to $237, but I was tired of dealing w/ them. Love the new car so far.   I thought posting these numbers might help someone in their negotiations and research. Any thoughts or feedback would be greatly appreciated. Replies to this message: Car_man (Feb 21, 2006 4:02 am)
#66 of 1140 06 Nissan 3.5SE by pfje Jan 18, 2006 (7:54 pm)
Car_man,   I am continuing my negotiations and I have received the following lease offer on an 2006 Nissan Altima 3.5SE (24 months/15,000 per year):   MSRP: $25,820 Cap cost: $22,576   The dealer quoted me a price of 368.50 per month pre-tax with $554.08 down payment (I'm not sure what the down payment entails).   How does this compare with your figures? Thanks for your assistance. Replies to this message: Car_man (Feb 21, 2006 4:06 am) pitc2 (Mar 10, 2006 10:04 am) Car_man (Mar 21, 2006 3:11 am)
#67 of 1140 06 Nissan Altima SL Lease Rates by mywave Jan 19, 2006 (1:19 pm)
Hi Car_Man & kyfdx-Can you tell me the residuals and MF for an 06 Altima SL on both a24 and 36 month terms? Replies to this message: Car_man (Feb 21, 2006 4:08 am)
#68 of 1140 Re: Just bought an 06 Altima 2.5S w/ SE pkg.... [b22squared] by Car_man HOST Feb 21, 2006 (4:02 am)
Replying to: b22squared (Jan 12, 2006 6:33 pm) You're welcome, b22squared. Thank you for taking the time to share the details of your lease with everyone. It looks like you got a good deal. Enjoy your new ride!   Car_man Host Smart Shopper / Prices Paid Forums
#69 of 1140 Re: 06 Nissan 3.5SE [pfje] by Car_man HOST Feb 21, 2006 (4:06 am)
Replying to: pfje (Jan 18, 2006 7:54 pm) Hi pfje. According to the latest information that I have seen, if you were to lease a 2006 Nissan Altima 3.5 SE through Nissan Motor Acceptance Corp. right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00099 and 64%, respectively. Using these numbers, an MSRP of $25,820, and a selling price of $22,576, I estimate that this car should have a zero down, pre-tax monthly payment of around $291. As you can see, the payment that you were quoted is definitely too high, especially if you are being asked to make any capitalized cost reduction.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: pitc2 (Mar 10, 2006 10:04 am) Car_man (Mar 21, 2006 3:11 am)
#70 of 1140 Re: 06 Nissan Altima SL Lease Rates [mywave] by Car_man HOST Feb 21, 2006 (4:08 am)
Replying to: mywave (Jan 19, 2006 1:19 pm) Here you go, mywave. If you were to lease a 2006 Nissan Altima 2.5 SL through NMAC right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00084 and 64%, respectively. The numbers for an otherwise identical 36 month lease should be .00084 and 54%. When negotiating your lease on this car, make sure to take the $500 lease cash that Nissan is currently providing on it into account. This money will help you to negotiate an attractive capitalized cost for your lease.   Car_man Host Smart Shopper / Prices Paid Forums

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