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Prices Paid: Buying & Leasing Experiences Nissan Altima Lease Questions
1140 messages, Last post on Nov 23, 2009 at 7:02 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: kingpcgeek (Jul 26, 2008 10:22 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: carpro4 (Aug 05, 2008 3:35 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hi I am 1st time leaser, so just need expert advice . Here is what dealer is quoting me for Nissan Altima 2.5 with Convenience package. 1200 Down with Taxes, fees and 1st month payment. Monthly payement of 230 + Taxes Please suggest if I should move further with this Deal.
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Replying to: hchoudhary (Aug 11, 2008 10:08 am) 2.5 S Altima with Convenience package MSRP = 22,715 (taken from Carsdirect.com) Purchase price = 21,349 (Carsdirrect, dealer invoice) Residual = 57% (from the posts above, people sharing their august quotes, seems reasonable to me) Money factor = 0.00087 (if your credit is excellent and this number hasn’t changed from June, which I think still true) Plugging above numbers into any online lease calculator (I use http://www.leaseguide.com/calc.htm) yields us following: $263.20/mo for 36 months with $0 down + tax, tags, dealer fees due at signing. Adding $1,200 down payment lowers payment to $228.82 + tax, tags, dealer fees due at signing. Personally, I would recommend NOT to put any money down and to push dealer to lower the purchase price. I think currently you can negotiate better purchase price than 21,349 I used, especially if you not in the rush to grab the car off the lot. Lowering the purchase/negotiated price assuming 3 other factors are true will lower your payment.
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Replying to: clasys (Aug 11, 2008 11:59 am) Thank you again.
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Replying to: hchoudhary (Aug 11, 2008 12:09 pm) |
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Hi to all! I am shopping an 08 Altima dark slate/charcoal with convenience plus. For a 15K/mile & 39 month lease was offerred $ 279/month with zero down. NO dealer fees but have to pay DMV. They said residual value of $ 13,000 and lease value of $ 10,881 and lease interest rate of .97 This is the best offer after a few months of shopping in Suffolk county NY. What is the official lease factor for August & residual value? Would the above come with 16" steel rims and hubcaps? What brand/model of tires? The above was over the phone after I test drove at another place. Go in person later this week & wil update everyone if the numbers change in person. Go Bret Favre!! :
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After doing a lot of research we decided on the Altima seeing as it gives a lot of bang for the buck right now. We got the 2.5 S w/SL and Connection package for a pretty decent deal. $1500 out the door(first months payment included in that), $305 a month for 39/12000 with NY(8.3%)taxes included. I had to go through a lot of dealers as this car with these options are hard to find in my area(NYC). I got it at Meadowlands Nissan. Did the deal over the phone, no tricks or anything when it came to sign the deal. Wife loves the car. I think we did ok on the deal, what do you guys think? |
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Replying to: Car_man (Aug 11, 2008 2:55 am) Wondering if you can provide any lease rate information (residuals/money factors/dealer cash or lease cash incentives) for an 08 Altima SE Sedan 6MT with the sport package. I'm looking at 24m/12k and 36m/12k terms... thanks mcuh
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Replying to: minnifly (Aug 20, 2008 2:08 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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