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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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#806 of 1140
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 1140
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 1140
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 1140
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...)
#810 of 1140
Re: Altima 2.5S w/ Convenience [brott8] by Car_man HOST
Oct 31, 2008 (3:09 am)
Reply

Replying to: brott8 (Oct 27, 2008 9:43 pm)

You're very welcome, brott8. Good luck and make sure to stop back and let us know how everything turns out.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#811 of 1140
Re: 2009 Altima Sedan 3.5 SL loaded [ebetty] by Car_man HOST
Oct 31, 2008 (3:15 am)
Reply

Replying to: ebetty (Oct 30, 2008 10:33 am)

Hi ebetty. The selling price that you were quoted for this car is excellent. It appears to be right around dealer invoice. The money factor that you were quoted looks great as well. It is right in line with Nissan Motor Acceptance Corp.'s current buy rate for this model. If you like the car, I personally don't see any reason not to pull the trigger on this deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#812 of 1140
Re: Is this a good deal [doc519] by Car_man HOST
Oct 31, 2008 (3:22 am)
Reply

Replying to: doc519 (Oct 30, 2008 5:37 pm)

Thanks for the additional information, doc519. When you listed the "invoice price" I assume that you actually meant "selling price." The car that you described has a spread of just under $1,500 between its full MSRP and its dealer invoice price. You were quoted a discount of a little over $1,500 on this car. This is a very good price, especially if it contains extra cash to get you out of your current lease.
 
The money factor that you mentioned is right in line with Nissan Motor acceptance Corp.'s buy rate for this car. If you like it, I personally don't see any reason not to pull the trigger on this deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#813 of 1140
Re: 2009 Altima Sedan 3.5 SL loaded [Car_man] by ebetty
Oct 31, 2008 (2:16 pm)
Reply

Replying to: Car_man (Oct 31, 2008 3:15 am)

thank you. I am still so undecided!! Still considering Camry, Altima and Accord and now added Saturn Aura to the mix... Spent all day driving cars and can't find the 'perfect car'.
 
#814 of 1140
Re: Altima 2.5S w/ Convenience [Car_man] by brott8
Oct 31, 2008 (6:36 pm)
Reply

Replying to: Car_man (Oct 31, 2008 3:09 am)

Ended up signing. 2009 Altima 2.5S with Convenience Plus. I got them to a 36 month lease instead of the 39.
 
287/month, 1000 down + 1st payment + DMV fees. 12K miles.
 
I already signed, but just out of curiosity, what's the difference in MF and Residual with 36 vs 39 month for 12K mile?
 
Thanks!
#815 of 1140
Altima 2.5 S with SL pkg. 36mo/12k deal by careyd1
Oct 31, 2008 (8:10 pm)
Reply
I just leased an Altima 2.5 S with SL package today. 36mo/12K per year. This was from Walser Nissan-a pretty well-known 'fixed price/no negotiation' dealership chain here in the Minneapolis/St. Paul area.
 
Here is how the car is equipped:
2009 Nissan Altima
2.5 S 4dr Sedan (2.5L 4cyl CVT)
MSRP / Invoice
G01 SL Package $1,460 $1,327
H01 Connection Package $1,240 $1,075
F02 Convenience Plus Package $1,100 $954
F01 Convenience Package $1,050 $911
L92 Carpeted Floor/Trunk Mat Set (5-Piece) $175 $134
B10 Splash Guards $135 $107
Color Adjustment - - $0
  Super Black
Destination Charge $695 $695
Total with Options $27,395 $25,398
 
Here is the deal:
 
MSRP: 27,395
Invoice: 25,398
Selling price 25,395 (that's their first, only and final offer-no negotiation-and is $3 bucks under invoice. I tried to negotiate anyway but they politely declined-it's against company policy) However, I thought the offer was very fair, I just thought I'd give it a try on negotiation! LOL.
 
Wrote the lease up as a 'sign and drive'. Paid absolutely zero today. Therefore, the following additional charges were included in the cap cost:
 
First Monthly Payment: $378.94
Title Fee $8.00
Registration Fees (MN) $289.00
Doc Fee $75.00
Up-Front Sales Tax $821.39 (MN 6.5%)
Acquisition Fee $595
 
Total Gross Capitalized Cost is 27563.39
 
Residual Value (36 mo/12K per year) $16,984.90 (62%)
Money Factor .00191 (Tier 1)
 
Total Depreciation and Amortized amounts $10,578.49
Rent Charge $3063.65
 
Monthly payment $378.94
 
There is no disposition fee, but a $150 purchase option fee if I buy it out at lease end.
 
I also went over to the Toyota Dealer owned by this same automotive group (same one price policies), and leased a 2009 Toyota Matrix S today. I will be posting those numbers in the Toyota lease forum as well.
 
Yes, two new vehicles in one day! I am stepping down from two much more expensive vehicles, a 2005 BMW X5 and 2003 Infiniti G35. The X5 is at lease end and the G35 I had on a loan. Lowered my monthly out-of-pocket costs by 40% by doing this, which I believe is the right thing to do when staring into a very uncertain economy, although I have to admit, as nice as these new cars are, they just aren't quite in the same class of what I've left behind! But my budget thanks me.
 
careyd

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