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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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#837 of 1140
November Lease Rates by riskiad
Nov 17, 2008 (4:58 am)
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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
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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)
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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)
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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
#842 of 1140
Re: Good Deal? [careyd1] by riskiad
Nov 24, 2008 (6:31 pm)
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Replying to: careyd1 (Nov 24, 2008 5:48 pm)

Careyd1,
 
Unfortunately the dealer fee was in addition to the acquisition fee. I've been to 3 different dealers and can't get them to sell the car at invoice. Any suggestions on how best to do this?
 
Thanks!
#843 of 1140
Re: Good Deal? [riskiad] by careyd1
Nov 24, 2008 (7:12 pm)
Reply

Replying to: riskiad (Nov 24, 2008 6:31 pm)

Hrm. Nope. You can't force them to sell you anything at any price.
 
If you have a valid quote from somewhere else that's cheaper as leverage that was lower it might help. My deal came via a one-price dealer and that was their offer, so I pretty much had to take it or leave it. From the sound of it, your dealer is pretty firm. Perhaps the best leverage is to get numbers on a Camry, the Altima's #1 competitor in the class. Use that as leverage against the Altima? Toyota is running very favorable lease rates right now (better than Nissan), so it's worth a shot as leverage. If you look over my posts you'll see we considered Camry as well but liked the Altima better. Nevertheless it's perhaps a leverage thing.
 
Frankly though, I'm shocked that in this terrible sales climate they all wouldn't be hungry enough to move on it. I bet you get to the end of the month and you'll have more leverage (then they get worried about their unit counts).
 
All I can say beyond that is 'Good Luck!'.
 
BTW saving $595, all other things being equal, should lower your payment roughly $18. (based on the $30 per thousand rule of thumb).
 
CareyD
#844 of 1140
Money Factor and Residual by mctrees02
Nov 25, 2008 (1:32 pm)
Reply
Car Man,
 
Is there a difference in these #'s from the 2.5S and the 2.5 SL? I haven't been to a dealership yet to get #'s but wanted to know what to look for in their initial offers. Here's what I'm expecting based on what I've seen in this thread:
 
36 months
15k miles
.00174 money factor
60% residual
 
36 months
12k miles
.00174 money factor
61% residual
 
Is that information accurate through EOM?
#845 of 1140
Only Lease ? by rajatarora
Nov 30, 2008 (8:15 pm)
Reply
Hi! Can I get some information on buying an Altima rather than Leasing. The other forum did not have much activity, so I wanted to try here. I was given an invoice price as 22,000 for a 2.5 Altima S with Conv. package.
 
After a trade-in (2500), including tax and a little bit of negotiation, I have it down to 20,800 total. I don't know much about dealer holdback or incentives.
 
Is this a good deal or do I need to try harder. I live near West Chester, PA (outside Philly). Thanks.
#846 of 1140
End of Lease by dougy147
Dec 06, 2008 (1:16 pm)
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Hi! I currently have an 06 Altima for which the lease will be ending soon and there are a few things I am wondering about the end of lease inspection. First, will the inspector want to look at anything other than the car, like service records? I recently moved and am having trouble finding some invoices for oil changes. Also, I was recently rear-ended and my car received substantial damage to a quarter pannel, which needed to be cut out and replaced. If repaired properly will this have any affect when turn in time comes? Thanks!

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