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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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#797 of 1140
2009 Altima S w/ SL money factor and residual by photojunkie
Oct 26, 2008 (9:19 pm)
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Hi Car_man, could you (or anyone of you helpful posters) tell me what the money factor and residual would be for a 2009 Altima 2.5 S w SL, convenience, and convenience plus pkgs. (MSRP: $26,035) with a 15,000 mi. 36 or 39 month lease?Thanks!
#798 of 1140
Re: Is this a good deal [doc519] by Car_man HOST
Oct 27, 2008 (5:13 am)
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Replying to: doc519 (Oct 22, 2008 6:32 pm)

Hi doc519. It is difficult for me to tell you if the lease payment that you were quoted for this car is a good deal without knowing what its MSRP and 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 difficult to tell how much of a discount you are bring given. Let me know what they are and I'll tell you what I think.
 
As far as your current lease goes, why should the dealer absorb the cost of getting you out of it early. One way or another you are going to have to pay to get out of a lease five months before its scheduled end date (unless a manufacturer is running a special early lease termination program...and I am not aware of any from Nissan right now). If the dealer says that they are paying your remaining payments for you, that just means that they are not giving you as large a discount on your new car as you would have normally been able to get.
 
The $500 customer cash incentive that Nissan is providing on the 2009 Altima in October is not compatible with its special lease program. Neither is the new $500 additional bonus cash enhancement that Nissan just announced on the 22nd.
 
Car_man
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#799 of 1140
Re: Is this a good deal [Car_man] by themouse
Oct 27, 2008 (1:20 pm)
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Replying to: Car_man (Oct 27, 2008 5:13 am)

Any word on the incentives for November? I'd imagine they'd want to push their cars thru the current economy...
#800 of 1140
Re: Altima 2.5S w/ Convenience [brott8] by Car_man HOST
Oct 27, 2008 (3:55 pm)
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Replying to: brott8 (Oct 25, 2008 2:29 pm)

Hi brott8. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2009 Altima 2.5S with an automatic transmission and 12,000 miles per year are .00191 and 61%, respectively. This money factor would increase by .00015, to .00206, if you choose to have your car's security deposit waived. So the factor that you were quoted looks slightly high.
 
As far as the selling price goes, the car that you are interested in probably has a spread of at least $1,500 between its full MSRP and its dealer invoice price. The $2,750 discount that you were quoted looks very good to me. If you'd like, you can hop on over to the "Nissan Altima Prices Paid & Buying Experience" discussion to see how much other community members have paid for similar cars lately. Just keep in mind that the cash incentives that Nissan is providing on this car are not compatible with its special lease program.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#801 of 1140
Re: Is this a good deal [themouse] by Car_man HOST
Oct 27, 2008 (3:57 pm)
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Replying to: themouse (Oct 27, 2008 1:20 pm)

Greetings mouse. Nissan's October incentive program is scheduled to run through November 3rd. It is difficult to say what its November incentives will look like at this point. I can tell you though that Nissan recently (October 22nd) introduced an additional $500 bonus cash incentive on cars and an additional $1,000 on trucks that's good for the rest of October.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#802 of 1140
Re: Altima 2.5S w/ Convenience [Car_man] by brott8
Oct 27, 2008 (9:43 pm)
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Replying to: Car_man (Oct 27, 2008 3:55 pm)

Thanks a bunch Car Man. I'll find out what happened with the MF as you stated. And I still feel like there's a little wiggle room in the negotiations.
 
I'm currently looking into the Sentra as a possible cheaper alternative.
#803 of 1140
Re: Is this a good deal [themouse] by ajpbf7
Oct 28, 2008 (7:08 am)
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Replying to: themouse (Oct 27, 2008 1:20 pm)

If you are going to lease an 09, I would wait. The money factor will likley improve over the next couple of months. The 08 lease deal is pretty nice, but with the 09's already out; the value of the 08 will be less.
#804 of 1140
2009 Altima 2.5 S by brokejoe
Oct 28, 2008 (10:38 am)
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Hi,
 
Is this an impossible deal?
 
24/12k/ No money down/ Roll everything into payment/ Due at signing is first month and DMV fees, in NY
 
For 307 a month?
 
This is what the dealer quoted me then said he calculated it wrong and came back with 416 a month.
 
Thanks
Joe
#805 of 1140
Re: Is this a good deal [ajpbf7] by themouse
Oct 28, 2008 (11:01 am)
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Replying to: ajpbf7 (Oct 28, 2008 7:08 am)

I am interested in the 2008, moreso to save the money. This will be for my business, and I'm still deciding between lease and purchase. I'm meeting with my accountant to punch the numbers later this week, so I should be ready to buy/lease in early November. My guess is that there will be an equal or greater incentive on the 08's... can't go less given that it's almost 2009. Please correct me if I am wrong in assuming this. Thanks
#806 of 1140
Re: Is this a good deal [themouse] by ajpbf7
Oct 28, 2008 (5:25 pm)
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Replying to: themouse (Oct 28, 2008 11:01 am)

if it is for your business then I would pull the trigger on the 08. You will likley be able to write off a majority of the cost anyway. if you like to switch cars often liek i do, it would be easier to get out of an 09 vs. an 08. This is do to the higher depreciation of the 08's. Good luck on your lease.

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