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Nissan Altima Lease Questions

1132 messages,  Last post on Nov 06, 2009 at 8:20 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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#800 of 1132
Re: Altima 2.5S w/ Convenience [brott8] by Car_man HOST
Oct 27, 2008 (3:55 pm)
Reply

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
Host
Prices Paid: Buying & Leasing Experiences Forum
#801 of 1132
Re: Is this a good deal [themouse] by Car_man HOST
Oct 27, 2008 (3:57 pm)
Reply

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 1132
Re: Altima 2.5S w/ Convenience [Car_man] by brott8
Oct 27, 2008 (9:43 pm)
Reply

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 1132
Re: Is this a good deal [themouse] by ajpbf7
Oct 28, 2008 (7:08 am)
Reply

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 1132
2009 Altima 2.5 S by brokejoe
Oct 28, 2008 (10:38 am)
Reply
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 1132
Re: Is this a good deal [ajpbf7] by themouse
Oct 28, 2008 (11:01 am)
Reply

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 1132
Re: Is this a good deal [themouse] by ajpbf7
Oct 28, 2008 (5:25 pm)
Reply

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.
#807 of 1132
Re: Is this a good deal [ajpbf7] by themouse
Oct 29, 2008 (2:05 pm)
Reply

Replying to: ajpbf7 (Oct 28, 2008 5:25 pm)

Thanks for the tip. I have no intention of getting rid of the car early. If I get a lease, I will most likely ride it out, or if I purchase, I'll keep it until it is depreciated, and then transfer it to be a personal asset, and buy an upgrade .
#808 of 1132
2009 Altima Sedan 3.5 SL loaded by ebetty
Oct 30, 2008 (10:33 am)
Reply
Hi Car_man
Is this a good deal?
 
36 MOS
395 PLUS TAX (6.75%)
$1000 TOTAL DUE
33355 MSRP
30657 SALE PRICE
60% RESIDUAL
.00191 MONEY FACTOR
 
for
2009 Altima Sedan 3.5 SL
Technology Package
Vehicle Dynamic Control
 
$1000 down, 36 mo, 15k/
 
Thanks!
#809 of 1132
Re: Is this a good deal [Car_man] by doc519
Oct 30, 2008 (5:37 pm)
Reply

Replying to: Car_man (Oct 27, 2008 5:13 am)

Hi Car_man,
 
Sorry about not including all the info so here it is:
2.5 S Altima with Convinience Plus Package in NY
MSRP: 24695
Invoice price: 23100 (this includes the 1000 that I have on my old altima lease)
Residual: 62% (12k/year)
Mf: .001910
So the final quote was $280 for 36 months (or 270 for 39) with 500 down and all the rest paid upfront (tax,title, first month etc...)

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