Last post on Nov 27, 2013 at 6:28 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Nissan Altima, Nissan Altima Hybrid, Car Leasing, Sedan
#909 of 2048 buying the residual
Feb 05, 2009 (5:06 pm)
I have had 5 Altima and for the first time want to buy the residual. In todays time is this ever negotiable? Unfortunately my daughter had accident in car and its being fixed . 8000 in damages. Residual is 11,500 for a 2006 has 43000 miles. I am thinking why would Nissan want this car back with a terrible car fax. Do you think I cna negotiate and who do I do that with? Nissan finance or a dealer?
Feb 06, 2009 (6:15 am)
After reading so many of these posts, I realize that I need to really learn a lot more. Is there anywhere on this site that explains what all the terms mean?
#911 of 2048 Good or Bad lease?
Feb 08, 2009 (7:25 pm)
I am in desperate need of some help. My current FX35 lease expires tomorrow, and with the loyalty preapproval, I have to lease a new vehicle tomorrow to use the preapproval (which I really want to do). After having discussions with 4 dealerships in my area, this is the best that I have come up with:
Car is 2009 Altima SL with con, con plus, connection packages
Monthly payment: $342.69 (inc tax)
Total Cap Cost: 26,268
Questions: Seems they are calculating the depreciation as MSRP minus residual. Is this correct or should it be Total Cap Cost minus residual?
Also, is the Money Factor good? It seems a bit high. Can I negotiate that?
Can I use the $500 wear and tear for my current lease to go toward the new one since I have no additional wear and tear? Is there any other loyalty for trading in my infiniti???
Overall is this a good lease?
Everyone is saying the $1500 rebate is not applicable on leases. Is this true or another line they are feeding me?
THANKS SO MUCH for your help!
#912 of 2048 Re: Good or Bad lease? [blackfx35]
Feb 09, 2009 (4:52 am)
I just leased a new Altima, turning in a Maxima on lease. I can answer some of your questions:
1) The $500 will not go to a new NMAC lease.
2) The $1500 rebate will not apply to a new NMAC lease.
3) The .00158 money factor is consistent. That equates to 3.79% interest, not too bad.
4) There are a number of lease calculators online. Use one to check the dealership's numbers. I like http://www.leaseguide.com/calc.htm
It is hard to tell if it is a good deal. Is your $595 acquisition fee paid up front or buried in the lease? What doc/tag fees are you paying up-front, if any? What is the tax rate in your state and are they paid up-front or as you go? What is the MSRP of the car, what is the invoice (edmunds.com will calculate it for you) and what is the sales price?
I was told by NMAC that there were no added loyalty incentives but IF there were any the dealer would communicate them to me. Based upon my experiences, here in NC/SC the dealers were at best about $650 under invoice on a similar car without the rebate. Seems like in the northeast the prices are significantly lower.
Just one note NMAC just this year started another fee, a $395 disposition fee at lease-end.
#913 of 2048 Re: Good or Bad lease? [cmyawn]
Feb 09, 2009 (9:26 am)
Thanks for your response. I am actually in NC (Charlotte). The only out of pocket to drive away with the car is the first month's payment. So I would assume the acquisition fee is buried in the lease.
I just got off the phone with another dealership, they can do $330 flat per month (including taxes). Same 39 months. First months payment to drive off the lot with it. A bit better.....
#914 of 2048 Re: Good or Bad lease? [blackfx35]
Feb 09, 2009 (11:38 am)
whats the msrp on this car? very curious.
#915 of 2048 Re: Re: Nissan Altima: Lease Questions [Car_man]
Feb 09, 2009 (1:01 pm)
Thank you so much for your help! This is my first visit to this site and reading the exchanges between you and the folk are very helpful...Again, Thank You.
#916 of 2048 Re: Good or Bad lease? [ral2167]
Feb 09, 2009 (2:57 pm)
$27398 was the MSRP.
#917 of 2048 Re: Good or Bad lease? [blackfx35]
Feb 09, 2009 (7:12 pm)
I have a lease quote for an '09 Altima 2.5 S with SL Package, Connection Package, Floor Mats. MSRP is $27,260. I was quoted $300 for 36 months with nothing due at signing except first payment. This was a simple one shot email request. Didn't haggle at all. I'm guessing you could easily get it to $290 if you tried.
#918 of 2048 Re: New Altima Money Factor and Residuals [cmyawn]
Feb 11, 2009 (2:59 am)
You're very welcome, cmyawn.
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