- #779 of 1132
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Re: 09 Altima lease [syr]
by indianajohns
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Oct 09, 2008 (2:58 pm)
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Replying to: syr (Oct 08, 2008 3:36 pm)
You'll need to post the residual and money factor so someone can accurately calculate the lease payment. Also, what is the $500 up front going towards? Was the $23,800 including the $500 down? You should get a "sale price" QUOTED, also known as Cap Cost. Then you will have at least an acquistion fee added to that. The final tally of car's sale price plus all fees is the NET CAP COST.
If it is a ZERO DOWN lease, you should walk away not having paid anything at all except maybe the first monthly payment. You are correct in your assumption. Any fees you don't pay up front will be rolled into your lease and will result in a higher montly payment. The real trick here is to NOT pay any fees other than acquisiton fee. If you are assertive enough you should be able to walk out with the only that one fee but you will never get them to waive the acquistion fee. The main thing is to go into the dealer not even talking lease. Just get the sale price of the car whittled down as much as possible. Then try to hold them to that price when you blind side them with "I think I want to lease."
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- #780 of 1132
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Re: I gotta take care of this ASAP [econdor]
by Car_man HOST
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Oct 09, 2008 (5:25 pm)
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Replying to: econdor (Oct 07, 2008 7:53 pm)
Wow, that's annoying econdor. I'm sure that the vibration really ruined what should have been an exciting new vehicle purchase experience. What did the service department say about the problem? Were they able to fix it?
Car_man
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- #781 of 1132
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Re: 09 Altima lease [syr]
by Car_man HOST
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Oct 10, 2008 (3:24 am)
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Replying to: syr (Oct 08, 2008 3:36 pm)
Hi syr. The car that you're interested in has a spread of around $1,500 between its full MSRP and its dealer invoice price. The selling price that you were quoted looks very attractive to me. Just make sure that the dealer that you are working with is using NMAC's current buy rate lease money factor of .00191 to calculate your monthly payment, which they probably are but it doesn't hurt to check, and you're in business.
Car_man
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- #782 of 1132
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Re: 09 Altima lease [Car_man]
by syr
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Oct 11, 2008 (11:21 am)
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Replying to: Car_man (Oct 10, 2008 3:24 am)
Thank you Car man 
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- #783 of 1132
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RESIDUALS AND MF FOR 09 SE/SL
by rjdilauro
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Oct 12, 2008 (6:08 pm)
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Hi,
Does anyone have the current residuals and MF for the '09 Altima 3.5 SE/SL?
What would a good monthly lease payment be on a 3.5SL with Techonology Package, spoiler, and VDC? MSRP is 33,045 and dealer cost 30,466. Preferably 24 month lease.
Thanks.
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- #784 of 1132
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Re: I gotta take care of this ASAP [Car_man]
by econdor
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Oct 15, 2008 (7:31 pm)
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Replying to: Car_man (Oct 09, 2008 5:25 pm)
Car Man - the service manager spent 15 mins trying to convince me to leave the car alone for 2 weeks because he sees it quite often that brand new cars developed 'hardened inner tubing' in the tires from being chained too tightly in transit...literally was telling me not to worry about it bc this is the case in 90% of issues he sees like this...i wasn't buying it...and it seems everyone else i spoke to since then thinks it was a load of bs...i kept asking him to check the alignment and re-balance all, which he finally did, and wouldn't you know it, i hit the highway and got up my speed, and........smooth sailing......guess those hard spots worked themselves out faster than he expected? lol -- have you ever heard of anything like this?
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- #785 of 1132
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Canceling a lease order? Legal problems?
by borabora9
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Oct 16, 2008 (7:39 am)
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Replying to: econdor (Oct 15, 2008 7:31 pm)
I signed a lease order which listed the make, model, vin #, residual value, $500 down payment, # of months etc. However, I would like to cancel this order. I am pre approved by the manufacturer as I am a returing customer and I was told by the dealer that they do not have to run a credit check. Have not signed any other papers such as finance contracts. Is signing a lease order a binding contract? I think the dealer might give me a hard time to refund my down payment. Other than the down payment, do I have to worry about any legal problems when canceling a lease order? Thank You!
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- #786 of 1132
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Re: I gotta take care of this ASAP [econdor]
by marcogallo1986
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Oct 18, 2008 (7:24 pm)
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Replying to: econdor (Oct 15, 2008 7:31 pm)
see it was nuthing to worry about I could have told you that after I was done reading your story you have to insist sum thing is rong and you will win in the end trust me they will all try to play there dealer games but there are menny good dealers out there good luck with it nissans are grate cars have a verry good day and thankyou for reading Marco.
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- #787 of 1132
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Re: 09 Altima lease [syr]
by Car_man HOST
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Oct 19, 2008 (4:22 pm)
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Replying to: syr (Oct 11, 2008 11:21 am)
No problem, syr.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #788 of 1132
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Re: RESIDUALS AND MF FOR 09 SE/SL [rjdilauro]
by Car_man HOST
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Oct 19, 2008 (4:28 pm)
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Replying to: rjdilauro (Oct 12, 2008 6:08 pm)
Here's the information that you're looking for,rjdilauro. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 24 month lease of a 2009 Nissan Altima 3.5 SE Sedan with 15,000 miles per year are .00280 and 65%, respectviely. The numbers for an otherwise identical lease of an '09 Altima 3.5 SL are .00280 and 66%.
To be honest with you, you actually would be much better off going with a 36 month lease, instead of a two year lease. NMAC's 36 month numbers are .00191 / 60% for both the SE & SL.
I worked up a few sample lease payments on the SL that you provided the pricing data for and according to my calculations, its 24 month, zero down, pre-tax monthly payment using a selling price of $500 over invoice would be around $543. The payment for an otherwise identical 36 month lease would be a much more reasonable $407. I told you that the two year lease was no good  .
Car_man
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