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Nissan Altima Lease Questions

839 messages,  Last post on Nov 19, 2008 at 7:11 AM

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

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#622 of 839 Carman... was I ripped off or did I do ok? by dade711 May 19, 2008 (7:35 pm)
I just leased a 2008 Altima Coupe 2.5 with Premium package, mats, and chrome door plates. MSRP was $27,840. I believe I paid $26700 which includes the $595 Acquisition fee, my first months payment, tags, doc fee, etc. The Money factor was .00240 (ouch) and the residual was 57%. I did a 39 month lease with 12,000/year miles or 1,000 miles per month. I was told that my monthly payment would go up $25 to do a 36 month lease so I stuck with the 39 even though I originally wanted 36. I am paying $415/month which includes TN state tax. The first payment of course is not due for another month. Without rolling in the acquisistion fee and first month the payment would have been around $398.   Thanks! I feel a little weird about the deal but then again I don't think I did too horribly. That money factor is just very high but I got the exact car I wanted. It was the only of this color combination in our region. I got winter frost with the blonde leather.   - Mike Replies to this message: Car_man (May 21, 2008 1:12 am)
#623 of 839 Re: 08' Altima 3.5 SE w/ Technology Package [surfwrv32] by Car_man HOST May 20, 2008 (2:26 am)
Replying to: surfwrv32 (Apr 25, 2008 3:06 pm) Thanks Rick. You never mentioned the selling price or MSRP of the Altima that you are interested in leasing. 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. I am sure that either myself or another knowledgeable community member would be happy to give you their opinion of this deal if you let us know what these numbers are.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#624 of 839 Re: '08 Altima 2.5 S [will_22] by Car_man HOST May 20, 2008 (2:31 am)
Replying to: will_22 (Apr 26, 2008 7:01 am) Thanks to you to, Will. $1,000 under dealer invoice is am amazing selling price for a leased 2008 Altima Sedan. the money factor that you were quoted is slightly high though. Nissan Motor Acceptance Corp.'s May buy rate for a 39 month lease of an '08 Altima Sedan 2.5 S is only .00097.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#625 of 839 Re: ALTIMA HYBRID WITH TECH PACKAGE [flyinlynx] by Car_man HOST May 20, 2008 (2:36 am)
Replying to: flyinlynx (Apr 27, 2008 6:21 am) Thanks flyinlynx. This car's lease program 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 Hybrid with 15,000 miles per year are .00240 and 55%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#626 of 839 Re: Great Deal [winterfrost08] by Car_man HOST May 20, 2008 (2:48 am)
Replying to: winterfrost08 (May 19, 2008 9:13 am) Congratulations on getting your new Altima, winterfrost08. Thanks for taking the time to share the details of your lease with us. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride .   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#627 of 839 Help with Leasing & Pricing Research by ngordon May 20, 2008 (10:09 am)
I am looking to lease an 08 Altima S CVT with Convenience. The MSRP is about $22,900 and invoice appears to be about $21,900. I am interested in doing a 36 or 39 month lease with about $1000 down.   Any current info on May money factor and what my payments should be would be most appreciated. An recommendations on dealers in Northern NJ also welcome.   I would like to do it this weekend when my 05 Altima lease is up.   Thanks Replies to this message: Car_man (May 21, 2008 1:15 am) ngordon (May 21, 2008 3:16 am) milt7696 (May 21, 2008 5:40 am) and 1 more... shinng (May 23, 2008 11:21 pm)
#628 of 839 Leasing a coupe and trading in my VW by hillscar May 20, 2008 (12:14 pm)
Hi! I'm going to lease an altima coupe and I've been reading so much about not putting much $ down when leasing a new car- and it makes sense, but I have a car that I will be trading in- an '01 Jetta- how do I go about this when all of the dealers I've talked to expect me to use my trade-in as a down payment? I appreciate any help on this! Also, the dealer I went to offered to put a sunroof into the basic model rather than have me upgrade to the next model. Has anyone had this offered? The deal they were going to give me was 4000 for my trade-in and 250/month. Replies to this message: Car_man (May 21, 2008 1:20 am) hillscar (May 21, 2008 2:11 pm) madhav2 (May 22, 2008 1:31 pm)
#629 of 839 Re: Carman... was I ripped off or did I do ok? [dade711] by Car_man HOST May 21, 2008 (1:12 am)
Replying to: dade711 (May 19, 2008 7:35 pm) Hi Mike. The money factor that you were charged is right in line with NMAC's buy rate for the 2008 Altima Coupe. So you did fine with this aspect of your deal. If you want this car, that's the price that you had to pay. As far as the selling price goes, I am not personally all that familiar with what the market is like for Altima Coupes right now, but you may be able to get an idea by hopping over to the "Nissan Altima Prices Paid & Buying Experience" discussion.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#630 of 839 Re: Help with Leasing & Pricing Research [ngordon] by Car_man HOST May 21, 2008 (1:15 am)
Replying to: ngordon (May 20, 2008 10:09 am) Hi ngordon. 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 S CVT with 15,000 miles per year are .00087 and 55%, respectively. The numbers for an otherwise identical 39 month lease are .00097 and 54%. If you were to lease this car with only 12,000 miles per year, its residual values would be 1% higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: ngordon (May 21, 2008 3:16 am) milt7696 (May 21, 2008 5:40 am) madhav2 (May 21, 2008 5:21 pm) shinng (May 23, 2008 11:21 pm)
#631 of 839 Re: Leasing a coupe and trading in my VW [hillscar] by Car_man HOST May 21, 2008 (1:20 am)
Replying to: hillscar (May 20, 2008 12:14 pm) Hi hillscar. While dealers can encourage you to use any equity that you have in your trade as a down payment for your lease, they cannot force you to do so. You are free to sell your Jetta privately, sell it to another dealership like CarMax, or have the dealer that you are leasing from cut you a check for it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: hillscar (May 21, 2008 2:11 pm) madhav2 (May 22, 2008 1:31 pm)

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