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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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#897 of 1140
Re: New Altima Money Factor and Residuals [cmyawn] by Car_man HOST
Jan 22, 2009 (3:01 am)
Reply

Replying to: cmyawn (Jan 12, 2009 6:25 pm)

Hey Mike. I just replied to your questions a couple of posts ago. Please check there for my answers. The $750 bonus cash that Nissan introduced on the '09 Altima in December has expired. It is difficult to say whether Nissan will introduce a similar sort of enhancement in January. If I had to make an educated guess, I would say that it won't, but no one knows for certain what automakers will do with their future incentive programs.
 
Car_man
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#898 of 1140
Re: Question: Disposition Fee [cgold79] by Car_man HOST
Jan 22, 2009 (3:06 am)
Reply

Replying to: cgold79 (Jan 13, 2009 12:02 pm)

Unfortunately, cgold79, what you were told is correct. Nissan and Infiniti just introduced disposition fees on leases through their captive finance companies. This is pretty darn annoying because I HATE disposition fees. I've got a lease coming up next month and I'm going to have to pay one, grumble, grumble, grumble.
 
Having said this, I can see what manufacturers have them. For one, it is a source of income that most lessees don't think about because they either don't ask about or don't worry about it because it will come years down the road. Also in a strange way, dispo fees may actually encourage customer loyalty in the sense that banks will usually waive them for lessees who lease their next new vehicle through them.
 
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#899 of 1140
Re: Fees Fees Everywhere!!! [leepoffaith] by Car_man HOST
Jan 22, 2009 (3:13 am)
Reply

Replying to: leepoffaith (Jan 13, 2009 1:16 pm)

Hi leepoffaith. Nissan Motor Acceptance Corp. charges a $595 acquisition fee on every vehicle that it leases. All consumers have to pay this charge. You can either pay it at lease signing or roll it into your car's capitalized cost to make it part of your monthly payment.
 
As you seem to already be aware, the whopping $600 doc fee is completely bogus. It really isn't anything more than a way for the dealer to add additional profit to your deal. If I was in the market for an '09 Altima and the dealer was charging such a heft doc fee I would make sure that I was being charged a selling price that is right at, or better yet under dealer invoice. If not, then I would take my business elsewhere.
 
I'm not sure what the rental surcharge fee is. If you ask the dealer, let us know what you find out.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#900 of 1140
Re: New Altima Money Factor and Residuals [polyvw] by Car_man HOST
Jan 22, 2009 (3:20 am)
Reply

Replying to: polyvw (Jan 15, 2009 8:42 pm)

Here's the info that you're looking for, polyvw. NMAC's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Altima 3.5 SL Sedan with 15,000 miles per year are .00158 and 58%, respectively. The numbers for an otherwise identical 39 month lease are .00158 and 57%.
 
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Prices Paid: Buying & Leasing Experiences Forum
#901 of 1140
Re: '09 Altima 2.5 S lease deals [tasteckler] by Car_man HOST
Jan 22, 2009 (3:32 am)
Reply

Replying to: tasteckler (Jan 18, 2009 1:51 pm)

Hi tasteckler. The best way to evaluate this deal is to look at the selling price that it is based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what this number is in relation to either this car's MSRP or dealer invoice price, it is difficult to tell how good a deal this is. Find out what selling price the dealer us using and let us know. I am sure that either myself or another knowledgeable community member will be happy to give you their opinion of these deals.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#902 of 1140
Re: New Altima Money Factor and Residuals [Car_man] by cmyawn
Jan 22, 2009 (4:43 am)
Reply

Replying to: Car_man (Jan 22, 2009 3:01 am)

Thanks Car_man. My status is that I am discussing this with a number of dealers and the one that is most eager for my business (though 150 miles away) seems a whopping $776 UNDER invoice for a new 2009 2.5S Altima lease for a car with both convenience, connection, SL, CVT, mats, and splashguards. MSRP = $27395. That is for a car in-stock but he SAYS he will get one in the color combo I desire, same deal. He also says he will cut his exorbitant $599 total doc and tags fees to $210 to "make my last Maxima payment". The only other up-front would be my first payment. I have 2 other dealers under invoice by about $200 and $400 as well, for OK color combos they have in-stock, with higher up-front fees. I can tell you I have searched the on-line inventory of about 75 dealers within 300 miles to find the color combos I want, and there are only 5 in-stock that would work. I have found that most dealers are MUCH more eager to deal on in-stock units.
 
I have asked my best-offer dealer to see what it takes to add the moonroof wind deflector and dealer-installed fog lights and to get my color combo for me. I really want to wait till February incentives come out (seems like there is always a "Presidents Day Sale") BUT I have concerns that in February the money factor will be the same but the residual will drop a percentage point. Looking at some past history this looks likely, which will cost me an extra $7 a month or so. So I may pull the trigger on the deal on February 2 when the current incentives are due to expire and just have an extra car till February 21, when my Maxima has to be turned in. If anything, that will make me way under-mileage for the first month of the Altima and give me some extra miles to use later. Of course, there are a few expenses (property taxes, insurance, etc) with having an extra car for 19 days), but they are relatively minor.
 
One other thing, NMAC offered the $500 damage allowance which I do not need since I took such good care of the Maxima. I queried the NMAC rep on the phone doggedly trying to get them to give me that $500 toward the acquisition fee. His mantra over and over was that "any offers would be handled by the dealer". A couple of dealers have hinted that there may be hidden incentives that Nissan or NMAC pass on to the dealer in order to retain a loyal customer, and that some dealers have extra Nissan incentives due to hitting or needing to hit certain sales targets. Some dealers say they cannot touch the $776 under invoice deal and they think the best-offer dealer is getting/using some of those incentives.
#903 of 1140
Re: '09 Altima 2.5 S lease deals [Car_man] by tasteckler
Jan 23, 2009 (8:53 am)
Reply

Replying to: Car_man (Jan 22, 2009 3:32 am)

Car_man,
 
The deals breakdown as follows: (both deals are now 1st payment due at signing)
 
2009 Nissan Altima 2.5 S
MSRP = $22,410
selling price = $20,707
Residual Value is 59% or $13,221.90
money factor is 0.001580 = 3.7%
39 months
12k per year
$277.32 + tax
  
2009 Nissan Altima 2.5 S with Convenience Package
MSRP = $23,595
selling price = $21,696,
39 months,
12k per year
Residual value is 59% or $13,921.05
money factor 0.001580 = 3.7%
$287.41 + Tax
  
How do these deals look? Thanks in advance.
#904 of 1140
New here...09 Altima Sedan 2.5 S CVT by Newport5003
Jan 27, 2009 (6:32 pm)
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I'm new to the forums here at edmunds.com... and stumbled across this thread when googling Altima lease prices.
 
I was wondering what I should expect to pay for a 2009 Nissan Altima 2.5 S CVT (sedan) with an MSRP of $22,545 and a selling price of $18,936.
 
I need 15k miles a year, and either a 36 or 39 month lease since I know the 24 month Nissan leases are out of the question.
 
Thanks
#905 of 1140
CT quote by lotuspeddler
Jan 28, 2009 (6:00 am)
Reply
Have a quote from a S.W. Connecticut dealer, seems to be the best so far based on the .00158 MF, 58% resid . for an '09 Altima 2.5 S w/ Convenience and Connection pkgs only:
 
$319/mo, first month only down
39 mo/12k per yr.
 
But what is the current status on these disp fees, etc.?
 
Thanks, Car_man.
#906 of 1140
I'm at the end of my 2007 Altima lease- what's next? by mirm
Jan 30, 2009 (6:38 pm)
Reply
Hi,
My 24 month 2007 Altima lease is up in March (15k miles per year). I have the 4dr SL with convenience package. I love this car and am considering going into another lease but I want to lower my payments which are currently $307 per month through NMAC.
What do I do when I'm at the end of a lease? I'm willing to go into a 36 or 39 month lease if it makes my payments lower and I'd love to do this with no money down. I don't know how to/never have negotiated before.
I'm in the Buffalo, NY area if this helps.
Thanks in advance!

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