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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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#832 of 1140
Re: New Nov Incentives [Car_man] by ebetty
Nov 11, 2008 (6:50 am)
Reply

Replying to: Car_man (Nov 11, 2008 4:26 am)

Hi Car_Man
I did pull the trigger last week. This is what I got:
 
2009 3.5 SL with VDC and Tech pkg, 39 months, 15/k yr
$650 down which includes the 1st payment, $429/mo
 
$2000 back from the dealer in the form of a check. Apparently they are losing about $300 on the deal, or so they say. They did mention giving the stairstep to me.
 
Thanks
#833 of 1140
Re: Altima 2.5 S with SL pkg. 36mo/12k deal [Car_man] by careyd1
Nov 11, 2008 (1:12 pm)
Reply

Replying to: Car_man (Nov 10, 2008 6:13 pm)

Thanks Car_Man. There is definitely an excitement that comes with getting a new car, no matter what it is. I am really enjoying both the Altima and the Matrix. Also enjoying the better gas mileage in the Altima vs. my previous X5. I'm not quite getting EPA ratings just yet but the car only has about 150 miles on it! As the engine breaks in I actually expect my highway mileage to exceed the 31MPG EPA rating, as is the case with several Altima owners I know.
 
They each reported a bump in fuel economy at about the 2000 mile point as the engine broke in, but then another 2-3MPG boost in fuel economy at about the 10,000 mile point that took it over the top!
#834 of 1140
Re: New lease/money factors? [Car_man] by careyd1
Nov 11, 2008 (1:20 pm)
Reply

Replying to: Car_man (Nov 11, 2008 4:29 am)

Thanks again Car_Man. I did indeed finalize my deal on both cars on the last day of October. Just one point on the $500 cash incentive that they had in October...that was not available to lease buyers, from all points I investigated.
 
From a purely financing point of view, Toyota had better deals in October (and, I think, still now in Nov.), and I did indeed look at Camry. However, both my wife and I just liked the Altima a little better. It had a certain little extra 'youthful-ness' to it's design. She thought the Camry seemed really 'middle-aged'.
 
Perhaps it's us trying to hang on to some little edge as we're now 41 and 39, with two little kids...I guess we ARE middle-aged! LOL! This, of course, was just a personal thing and shouldn't reflect on anyone else's decision-making.
#835 of 1140
Re: 2.5 altima coupe w/convenience [shamme] by Car_man HOST
Nov 11, 2008 (5:35 pm)
Reply

Replying to: shamme (Nov 06, 2008 5:03 pm)

Hi shamme. The following articles that are available here at Edmunds.com contain all of the information that you will need to get a good deal on the vehicle that you want to lease: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
Check them out and let me know if you have any specific questions.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#836 of 1140
Re: New Nov Incentives [ebetty] by Car_man HOST
Nov 11, 2008 (5:38 pm)
Reply

Replying to: ebetty (Nov 11, 2008 6:50 am)

Congratulations on your new car, ebetty. It sounds like you drove a hard bargain. If you'd like, you can hop on over to the Dealer Ratings & Reviews section of the Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#837 of 1140
November Lease Rates by riskiad
Nov 17, 2008 (4:58 am)
Reply
Hi Car Man,
 
Can you post the November MF and residual rates for the 2.5S 4 DR Altima, 36 and 39 month, for 12K and 15K miles? Also, can a "cash to customer" rebate be used to bring down the Capitalized Cost? Edmunds states their is currently a $750 rebate. Does the dealer keep this rebate on a lease?
 
Thanks!
#838 of 1140
Re: November Lease Rates [riskiad] by Car_man HOST
Nov 19, 2008 (4:36 am)
Reply

Replying to: riskiad (Nov 17, 2008 4:58 am)

Here you go, riskiad. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2009 Altima 2.5S Sedan with an automatic transmission and 15,000 miles per year are .00174 and 60%, respectively. The numbers for an otherwise identical 39 month lease are .00174 and 59%. If you were to lease with only 12,000 miles per year, this car's residual values would be 1% higher.
 
Unfortunately, the $750 customer cash that is available on '09 Altima Sedans right now is not compatible with the above special lease program.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#839 of 1140
Re: Altima 2.5 S with SL pkg. 36mo/12k deal [Car_man] by careyd1
Nov 19, 2008 (7:11 am)
Reply

Replying to: Car_man (Nov 10, 2008 6:13 pm)

Hi Car Man,
 
I finally got around to writing up a dealer review for both Walser Nissan and Walser Toyota and posted them in the dealer ratings and reviews section. Thanks again for all your help!
 
careyd
#840 of 1140
Good Deal? by riskiad
Nov 24, 2008 (5:35 pm)
Reply
Car_Man,
 
Can you tell me if this deal is good or if I should push for a lower price? Do I have room to bring down the down payment?
 
Altima 4Dr 2.5 w/ SL, Connection, Convenience, and Convenience Plus package.
MSRP $27,350
Sale Price $25,995 (Invoice + 595 dealer fee)
Residual $16,653 (61%)
MF .00174
12K Miles
36 Months
 
$1250 out of pocket/down payment (includes 1st monthly payment)
 
$354/month
 
Thanks!
#841 of 1140
Re: Good Deal? [riskiad] by careyd1
Nov 24, 2008 (5:48 pm)
Reply

Replying to: riskiad (Nov 24, 2008 5:35 pm)

Hi riskiad, is the $595 dealer fee in lieu of an acquisition fee on the lease? if so, that's a great deal, and not that different from my deal posted a page or two back. (purchased 10-31-08 when both money factors and residuals were higher).
 
If it is not in lieu of an acquisition fee I submit that they can afford-especially in this economy-to sell the car at invoice. They still make 2% holdback at a minimum, plus any subsidies Nissan may decide to send their way.
 
My deal was for $3 under invoice.
 
FWIW,
CareyD

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