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Nissan Altima Lease Questions

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

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#670 of 839
My new 2008 Altima S with SL and Connection by clasys
Jun 23, 2008 (4:58 am)
Reply
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
#671 of 839
Re: My new 2008 Altima S with SL and Connection [clasys] by will_22
Jun 23, 2008 (7:51 am)
Reply

Replying to: clasys (Jun 23, 2008 4:58 am)

I think you did very well. I actually made a deal back in April for this very car and my deal was very comparable to yours. And I'm very confident these are good deals.
 
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%?
#672 of 839
Re: My new 2008 Altima S with SL and Connection [will_22] by clasys
Jun 23, 2008 (8:08 am)
Reply

Replying to: will_22 (Jun 23, 2008 7:51 am)

Thanks. Yes, NYC sales tax is 8.375, or as dealer reffered to it 8.38%. Originally I was negotiating a 36 mo term, and 58% residual applied to 36 mo. But then dealer said that he cant do 36 on these terms, and offered me 39 months + 3 free oil changes for same price. We didn''t specifically negotiate new residual, it might as well be just a bit lower.
 
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
#673 of 839
Re: My new 2008 Altima S with SL and Connection [clasys] by will_22
Jun 23, 2008 (5:03 pm)
Reply

Replying to: clasys (Jun 23, 2008 8:08 am)

Ok, thanks for the update. I think the residual does go down 1% when you move from 36 to 39 months so I can adjust the calculations and use 57%.
#674 of 839
Re: Just purchased my 2.5 Sedan SL with Tech / Connection Package [yakigyoza] by troy15
Jun 25, 2008 (8:18 am)
Reply

Replying to: yakigyoza (Jun 22, 2008 9:40 pm)

Hi Yakigyoza ,
 
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.
#675 of 839
Re: Just purchased my 2.5 Sedan SL with Tech / Connection Package [yakigyoza] by hillscar
Jun 25, 2008 (2:37 pm)
Reply

Replying to: yakigyoza (Jun 22, 2008 9:40 pm)

Hi. I'm looking for the same, in the same area. Please let me know who you recommend. Thank you!!
#676 of 839
3.5SL MF & Residual by habiem
Jun 26, 2008 (7:14 pm)
Reply
anyone know money factor and residual on 36 month, 15K lease on a 3.5SL? Thanks!
#677 of 839
Re: June MF and residuals [Car_man] by tomme12
Jun 27, 2008 (1:26 pm)
Reply

Replying to: Car_man (Jun 12, 2008 2:44 am)

Car_Man
 
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!
#678 of 839
by hillscar
Jun 27, 2008 (3:56 pm)
Reply
I'm going to lease this weekend- still debating over coupe or sedan, and I'm looking to get moonroof and conv. pkg., 36 or 39 mos. 15,000 miles for 2000 down or less and 300/mo. in southern cal. Anyone have advice?
thanks!!!
#679 of 839
2.5 Sedan SL with Tech / Connection Package by troy15
Jun 27, 2008 (4:03 pm)
Reply
Hi Hillscar,
 
I guess we are both looking for the same car/deal.
I wish Yakigyoza would give us some tips from his experiance.
If i would find something i will post it here, please do the same.
 
Thanks,
Troy

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