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Prices Paid: Buying & Leasing Experiences 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
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Replying to: Car_man (Oct 31, 2008 3:09 am) 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!
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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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Replying to: ebetty (Oct 30, 2008 10:33 am) 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!
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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 
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Replying to: syr (Nov 02, 2008 3:29 pm) |
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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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Replying to: ebetty (Nov 01, 2008 3:01 pm) |
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So, I'm looking to see if I should be kicking myself or not on my above Altima deal. Nissan should have announced the new November programs today. I heard from an unsure finance guy that he thought the Tier 1 money factor on Altimas was going to drop from .00191 to .00174, but that along with that you lose a point of residual, making it pretty much a wash vs. October rates. Can anyone confirm or deny these numbers? What about other rebates, etc. Any customer cash being thrown out, applicable to leases? Car_Man, I guess I'm looking to you on this one!
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my lease on my current '07 2.5 SL Altima is up on dec 9th so now i have to move quick! im getting numbers on a new '09 Altima 2.5 SL with Connection Pkg (FYI:they took the dual temp. control away from the basic SL pkg!) im getting 1st payment + tag 39/12k 339+tax (6%) considering i got my '07 right when it came out im paying $352.90 for 24 with 2k down.. the rates weren't all that great when they first came out.. but i think the new deal is even higher? HELP PLEASE!!
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Hi car_man and everyone else! I am new to leasing and I know there is a formula to calculating a lease payment, but I couldn't find it on the site so I was hoping someone could help me. I am looking for an Altima coupe 2.5S, CVT with convenience package. I spoke with a dealer who offered a 2008 with a selling price of $22,097. He quoted me $354 a month for 39 months/12k with $650 (1st payment, document fees, plates) out of pocket. This seems a little high to me, especially for a 2008. I would prefer a 2009 and a 36 month lease. Can anyone advise me on this? Also does anyone know how much more the convenience plus package is? I'm in Ohio (in case that makes a difference). Thx in advance!
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