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Prices Paid: Buying & Leasing Experiences Nissan Altima Lease Questions
745 messages, Last post on Sep 03, 2008 at 9:01 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
Hello all - I've been doing some research and I think I'm out of my price range for the 3.5. Can I get the 2.5 CVT with the tech package and leather? Still want to lease for 36 / 39 12K and keep payment around 350 and litlle or no out of pocket. Thanks in advance. Mike 
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Hi all, The money factor for the 2.5 S Sedan for tier 1 credit is still 0.00087 (2.09%) for a 36 month lease. I believe the 39 month term has a different money factor. The money factor for the coupe is different. These are only good until end of June 2008. I just acquired my vehicle today after calling and communicating with roughly 18 dealerships over the course of three days. Not all were ready to offer me good deals. Two were very ready to do business. To ensure the best deals, make sure you ask for an internet fleet manager and BE SURE to contact multiple dealerships. Details of my lease: 2.5 S Sedan with SL / Tech / Connection package / Automatic Transmission MSRP = $29,470.00 Adj Cap Cost (Negotiated Cost) = $26,800.00 Net Cap Cost (w/ $595.00 destination charge) = $27,395.00 Invoice = $27,163.00 Money Factor = 0.00087 (Tier 1 Credit) 36 month Term Lease 12,000 Mile / Year Agreement 58% Depreciation Drive Off = (1rst month + DMV Fees) = $650.00 Monthly Lease = $357.21 / month I was able to negotiate the net cap cost to roughly $363.00 below invoice. Another dealership offered me $500 below Invoice PLUS free oil changes for the life of the lease but I already told the first guy I would commit to him and I'm a man of my word. I believe in strong business ethics and I don't necessarily have to go with the lowest bidder. For my particular lease (12K), since it would cost $0.15 per excess mile if I drove over 36K miles for the 36 months, I decided to go for the 15K per year allowance because it was much cheaper. It was roughly 3.7 cents per excess mile if I drove 15K per year purchasing the extra miles up front versus sticking with the 12K per year program and paying 15 cents per excess mile at the end of lease. I knew I was going to easily drive 15K per year. Depreciation only changes by 1% for the 15K / year program so use 57% depreciation if you go for the 36 month - 15K / year model. So for 12K / year (36 month term), it was $650.00 walk off and $357.21 / month. For 15K / year, (36 month term), it was $650.00 walk off and $366.64 / month. I am from SoCal and of the many dealerships I contacted, I only recommend two dealerships / Internet Fleet Managers who I would use again. Both were very easy to work with and honest which is important to me. Should you need those names, drop me a PM and I'd be happy to let you know who I dealt with. Happy Negotiating Guys and good luck! -Yakigyoza
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Hello all. First of all, I want to thank everyone who shares his experience and prices here; that helped a lot with my last lease negotiations. Special thanks to CAR_MAN.  In return I want to share my deal. Just took a delivery of my new 2008 Altima S with SL and Connection packages this saturday. Went with my wife just for her to test-drive it; ended up leasing it on a spot. I think I could have done a little better,like another $10 off the monthly payment, but my wife really liked the color combination, so we signed the lease: $309 per month (tax included), $700 due at signing ($309 1st month, $250 MV fees and $141 cap cost reduction) 2008 Nissan Altima S, Precision Gray with Charcoal Leather Options: SL Package Connection Package Carpeted Floor/Trunk Mat Set w/Hooks (5-Piece) 39 mo lease/ 12,000 miles per year MSRP: $26,655 (incl. destination) Base cap cost: $24,450 Costs added to lease: $1,144 Aquisition fee ( $595 Doc Fee $299 DMV Fees $250 ) Cap cost reductions: $391 Adjusted cap cost: $25,203 Residual Value: $15,460 (58%) Money Factor: 0.00087 (I'm the highest tier) Lease term: 39 mo NY Sales Tax: 8.375% Monthly payment: $309 ($285 base + $24 tax) Depreciation: $9,743 Finance charge: $1,380 Total Sales Tax: $965 Total of all payments: $12,088 Total lease cost: $12,479 Hope this helps someone to negotiate his next great lease. Any thoughts on these numbers? I think I did very well... PS. I absolutely love its ride and connection package. Wasn't really looking specifically for connection package, but boy am I glad it had one! This bluetooth handsfree is just awesome! I also have 2007 Murano SL AWD with Touring package, Altima was meant for my wife. Guess what: today my wife took Murano to work, thats how good the ride is on this car! ~D |
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Replying to: clasys (Jun 23, 2008 5:58 am) I'm actually now helping a friend out and need to know the current money factor and residual for this month. Looks like you have them at .00087 and 58% respectively for a 39 month lease. This is what I needed to know. I'm also from NY and I noticed your sales tax is at 8.375%? Is that correct? I thought it was 8.625%?
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Replying to: will_22 (Jun 23, 2008 8:51 am) As far as I know current money factor and residual are good until the end of June. No one seems to know what it will be in July. Good luck with your friend's deal. ~D
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Replying to: clasys (Jun 23, 2008 9:08 am) |
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Replying to: yakigyoza (Jun 22, 2008 10:40 pm) I looking for the same car that you bought last week. I can put $1000 down and willing to get close to the $300 a month. I'm also from SoCal (S.F.V) and would like to know how did you deal with? Are you happy with your new car? Thanks, Roy. |
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Replying to: yakigyoza (Jun 22, 2008 10:40 pm) |
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anyone know money factor and residual on 36 month, 15K lease on a 3.5SL? Thanks!
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Replying to: Car_man (Jun 12, 2008 3:44 am) You appear to be "the man" when it comes to the lease arena and the Altima What kind of "ammo" do I need to have prepared when I go into a dealer on Sunday (end of the month) to try and haggle my way into a good deal lease for the Altima. Of course we all want to pay next to nothing and little to nothing down. Im in the Bay Area. Looking at either a 2.5 SL with conv package or a 3.5 SL. Of course, the 3.5 would be nicer, but depends on the price. If I can get my way into an 3.5 down to $320, I might do it. But if I can get into an SL down to $250+tax, I might do that as well. (with little to nothing down as well.) cheers!
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