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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

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


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#750 of 1140
Re: Leasing an Altima [disneydreams] by Car_man HOST
Sep 11, 2008 (2:00 am)
Reply

Replying to: disneydreams (Aug 27, 2008 6:12 pm)

Greetings disneydreams. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
As far as this specific deal goes, it is difficult for me to give you my opinion on it without knowing what this car's MSRP (or dealer invoice price) and its selling price are. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these numbers, it is tough to say if you are getting the best possible deal on this car. Shoot for a selling price that's as close to dealer invoice as possible.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#751 of 1140
Re: Sept Lease rates [leasetx] by Car_man HOST
Sep 11, 2008 (2:04 am)
Reply

Replying to: leasetx (Sep 03, 2008 8:01 am)

Hi leasetx. Here's the information that you're looking for. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Nissan Altima 2.5 S with an automatic transmission and 15,000 miles per year are .00066 and 56%, respectively.
 
15,000 miles per year is the highest mileage allowance that NMAC publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#752 of 1140
Re: Need Help Calculating Lease [advancetec] by Car_man HOST
Sep 11, 2008 (2:13 am)
Reply

Replying to: advancetec (Sep 07, 2008 7:06 am)

Hi advancetec. Let me begin by saying that $2,000 is way too much money to pay at lease signing on a lease. I always advise consumers not to make large down payments on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled. Even though it means that your monthly payment will be a little higher, you will be much better off going with a zero down lease.
 
Let's work up a sample lease payment on this car for you and see what we come up with. According to my calculations, if you were to lease a 2008 Nissan Altima 2.5 S with an automatic transmission that has an MSRP of $25,825 and a selling price of $23,150 through Nissan Motor Acceptance Corp. right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $267. The payment for an otherwise identical 39 month lease would be around $258.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#753 of 1140
Re: Need Help Calculating Lease [Car_man] by thame
Sep 11, 2008 (6:35 am)
Reply

Replying to: Car_man (Sep 11, 2008 2:13 am)

Hi Car_man,
 
That sounds like an excellent deal (the 2008) and is exactly what I'm looking for in terms of the monthly payment. However, I'm having problems locating an '08 in my area (Western New York). Do you know of any dealers in the region with '08s still available or of any way I can locate one? The price is so much better (by over $100 for a comparable '09) that I'd be willing to drive a bit to locate one.
#754 of 1140
Re: Sept Lease rates [Car_man] by leasetx
Sep 11, 2008 (8:19 am)
Reply

Replying to: Car_man (Sep 11, 2008 2:04 am)

Thanks Car_man.
#755 of 1140
Re: Need Help Calculating Lease [Car_man] by advancetec
Sep 11, 2008 (10:23 am)
Reply

Replying to: Car_man (Sep 11, 2008 2:13 am)

IS that the SL you quoted??
 
Also thanks for your help!
#756 of 1140
2009 altima sedan lease question by bajapanty350z
Sep 14, 2008 (7:46 am)
Reply
Hi guys, I d like to know the residual percentage for a base model 2.5 altima and money factor on a 24 month term and 12 k miles per year. If its not too much trouble I d like the same on a 2.5 S manual.
Thanks
Rob
#757 of 1140
Am I getting a good deal? by thame
Sep 20, 2008 (10:32 am)
Reply
I finally managed to locate a dealer with some '08s and I'm wondering if this is a good deal. It's a 3.5 SE (base, I believe), 39/12,000 with about 1300 out-of-pocket (taxes, fees) for $295/month.
#758 of 1140
Car_man, Looking for MF & Residual for 2008 Altima 2.5 by andy2812
Sep 25, 2008 (4:56 am)
Reply
Car_man,
 
Do you have the MF and Residual % for a 2008 Altima 2.5 S and 2.5 SL, auto transmission and without navigation. I need 24 and 36 months with 12,000 miles a year.
 
Thank you
#759 of 1140
Re: Car_man, Looking for MF & Residual for 2008 Altima 2.5 [andy2812] by eights38
Sep 25, 2008 (5:11 am)
Reply

Replying to: andy2812 (Sep 25, 2008 4:56 am)

andy2812 - I believe that the money factor is 0.00066 with a 66% and 57% residual based on 12,000 miles per year at 24 and 36 months, respectively.
 
Best,
Matt
eights38gmail.com

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