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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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#871 of 1140
Had a back and forth on a 2008 SL by kopchikc
Jan 02, 2009 (5:06 am)
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Replying to: Car_man (Dec 29, 2008 2:44 am)

It was the last day of the year, so I decided to e-mail a dealer and see if I could get a good deal. I found an '08 SL with no other options on it, via the Nissan web site. MSRP was $25,790. I found out after the dealership replied, that while the money factor is awesome, they have reduced the residual to 55% on '08 models. This effectively counteracts the interest savings. Here is what I was quoted in North Carolina, which I passed on:
 
MSRP: $25,790
Sale Price: $24,300
Money Factor: .00047 (lower than Car_man had previously identified, may be regional)
Residual 55%: $14,184.50
OTD Costs: $882.46 (doc fee, first month's rent, tags)
 
I challenged the residual based on what was posted here, and they said that they confirmed with NIMAC. I was told the '08s are eligible for the $750 bonus cash and that was all the wiggle room I had. I wasn't that excited by the offer, especially with a "pure profit" doc fee applied. Thoughts?
#872 of 1140
Re: good or bad? about to finalize [jleroy] by clasys
Jan 02, 2009 (5:54 am)
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Replying to: jleroy (Jan 01, 2009 7:30 pm)

Back in June I got 08 Altima 2.5SL with Connection package, 39 months, 12K for $309 / month, tax included, with $590 total out of pocket. Your numbers are almost identical, it sounds like excellent deal to me. Hope this helps.
#873 of 1140
Re: good or bad? about to finalize [clasys] by jleroy
Jan 02, 2009 (10:35 am)
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Replying to: clasys (Jan 02, 2009 5:54 am)

yes it does I appreciate your help I needed someones outside opinion on the figures. I think Im go ahead and do it.
#874 of 1140
Re: Trying to lease [rbcooper] by Car_man HOST
Jan 08, 2009 (3:53 am)
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Replying to: rbcooper (Dec 29, 2008 2:48 pm)

Hi rbcooper. Not necessarily. 39 month leases actually often provide lower monthly payments than 36 month ones do, even with residual values that are slightly lower, because they provide three extra months to spread out the massive initial depreciation hit that cars and trucks experience out over. I personally have leased a number of vehicles for 39 month for that very reason.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#875 of 1140
i wonder by ral2167
Jan 08, 2009 (7:07 am)
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I wonder if it's best to time your lease to expire at the end of the calendar year..since that seems to be when the best deals are. My lease expires in June-- kinda wish it expired last month. I wonder if some of the same deals I read about recently will still be available in June.
#876 of 1140
Re: i wonder [ral2167] by Car_man HOST
Jan 09, 2009 (2:43 am)
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Replying to: ral2167 (Jan 08, 2009 7:07 am)

Hi ral2167. You're right, the end of the year generally seems to be an excellent time to lease a new vehicle. This year was especially so because the demand for new vehicles unexpectedly fell off of a cliff leaving most automakers with a tremendous amount of excess inventory. The deals may be solid again next December, but possibly not to the extent that they were this year.
 
Of course, my personal lease expires in...wait for it...February. Grumble, grumble, grumble. We'll have to see what's out there next month, but it won't be like what was out there last.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#877 of 1140
New Altima Money Factor and Residuals by cmyawn
Jan 09, 2009 (4:59 am)
Reply
Hello,
 
I see that NMAC has new incentives out.
 
I am thinking of leasing a new 2009 Altima 2.5S w/ SL, both convenience packages, connection package, splashguards, mats, MSRP $27,395 including destination. What are the current money factors and residual percentages for a 36 month lease? How about for 24 months?
 
Many Thanks
 
Mike
#878 of 1140
Turning in Nissan, Inspection, Any Deals? by cmyawn
Jan 09, 2009 (5:09 am)
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Hello,
 
I am soon to turn in a 2007 Nissan from lease. What can I expect from the inspection process? Should I get the car detailed? I do get two inspections, and I better off just having it inspected as-is, and if any issues arise (minor scratches, etc) then have those addressed and have the car re-inspected? The car is in really great shape, just minor surface scratches).
 
I am thinking of leasing a new Altima. NMAC has offered a $500 credit toward any damage. What experiences have other leasees had, does NMAC/Nissan offer any added incentives as the lease comes to an end? The representative from NMAC on the phone said there might be some "in the mail". I an thinking of better rates, possible dscounted prices, and my most hoped-for incentive, waiving the acquisition fee for a new lease. Seems thay have already acquired me as a customer, that $595 fee really grates on me.
 
Thanks
 
Mike
#879 of 1140
Re: i wonder [Car_man] by careyd1
Jan 09, 2009 (5:37 am)
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Replying to: Car_man (Jan 09, 2009 2:43 am)

I agree car_man. The deal on Altima's is $750 sweeter now than it was when I leased mine on 10/31/08. Having said that, specifically to Nissan (and Toyota/Honda let's say...), frankly I'm surprised the deals (manufacturer incentives) haven't gotten even more aggressive, as sales volume overall have dropped by about 60-70% due to the economy, from a few dealers I spoke to. A lot of the dealers are relying on their service revenue to keep them afloat but that's starting to trend downward too, and they're running specials to get people in for service. It's a rough times for everyone, but really rough for the dealers.
#880 of 1140
Numbers for a Altima 3.5se by leepoffaith
Jan 12, 2009 (6:38 am)
Reply
I'm thinking of leasing an Altima 3.5SE and wanted to know if anyone had the January Residual % and money factor on a 24 and 36 month lease with 12k miles per year? Also, are there any lease incentives out right now? Thanks!

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