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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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#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
#816 of 1140
Re: 2009 Altima Sedan 3.5 SL loaded [ebetty] by ebetty
Nov 01, 2008 (3:01 pm)
Reply

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

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/

 
Hi Car_man- can you advise on this?
 
This is the new offer:
same car/residual & money factor as above, but now:
 
$650 down (which covers the 1st payment), 39 mo, 15k/yr- payment is $440/mo
Plus, they pay me $2000 now to get out of my lease early (which will be about $1100) and if the promotions are better in Nov, I get those.
 
Any gotchas? Looks good to me!
#817 of 1140
09 Altima lease by syr
Nov 02, 2008 (3:29 pm)
Reply
Just signed my lease today.
09 Altima 2.5S with the SL package, MSRP $26155, 36month/15k miles, $0 drive off, $325.00 a month
#818 of 1140
Re: 09 Altima lease [syr] by careyd1
Nov 02, 2008 (3:41 pm)
Reply

Replying to: syr (Nov 02, 2008 3:29 pm)

Syr, not enough info! Selling price, Equipment? State/Tax? Money Factor? Residual? Trade? Cap cost? etc.
#819 of 1140
New Nov Incentives by ebetty
Nov 03, 2008 (3:14 am)
Reply
Does anyone know what the new lease incentives are for Nov on the Altima 3.5 SL? Dealer cash, money factors,etc
Looking at 15k/yr, 36 or 39 mo
 
Thanks!!

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