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Prices Paid: Buying & Leasing Experiences 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
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?
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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 39 months MF: .00158 0 down Monthly payment: $342.69 (inc tax) Residual: $15,890 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!
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Replying to: blackfx35 (Feb 08, 2009 7:25 pm) 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. Good Luck.
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Replying to: cmyawn (Feb 09, 2009 4:52 am) 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.....
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Replying to: blackfx35 (Feb 09, 2009 9:26 am)
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Replying to: Car_man (Oct 11, 2005 2:34 am) 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.
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Replying to: ral2167 (Feb 09, 2009 11:38 am)
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Replying to: blackfx35 (Feb 09, 2009 2:57 pm) |
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Replying to: cmyawn (Jan 22, 2009 4:43 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: tasteckler (Jan 23, 2009 8:53 am) The other important number to focus on when leasing is your vehicle's selling price. Let's take a look at them. You were quoted a dealer discount of around $1,700 on the first car and of around $1,900 on the second car. Both of the selling prices that you were quoted appear to be below dealer invoice, which is an excellent deal. Both of these deals look very attractive to me. If you like these cars, I personally don't see any reason not to go for it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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