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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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#957 of 1140
altima lease by armjet
Mar 14, 2009 (12:43 pm)
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new to the forum, been browsing for a while - great info.. thanks to all!
 
looking at a 09 altima 4cyl, MSRP was $27395 was pretty loaded with options. liked the car!
 
dealer offered 354/month lease 39 months 12k year with only first pymt due at signing. Ohio tax included at 6.75 percent
 
seemed ok, but did not release any details.
 
can someone help with residual, money factor, dealer cash, etc.
 
Thanks in advance.
#958 of 1140
Re: altima lease [armjet] by chuck68516
Mar 15, 2009 (6:23 am)
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Replying to: armjet (Mar 14, 2009 12:43 pm)

58% and a money factor of .00124 for a 36 month lease. Not sure of 39. I would never lease for 39 months due to the fact that you will be out of warranty for 3 months. If anything happens you will be solely responsible for fixing it. It's only going to lower your payment by less than $10 anyway. I'd stick with the 36 month.
 
Monthly payment was right at $300 including tax on MSRP $27395.
#959 of 1140
altima lease by stunner_shades
Mar 16, 2009 (6:22 pm)
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Replying to: chuck68516 (Mar 15, 2009 6:23 am)

Hi, EVERYONE this is my first time on here, I got a price quote for a 2009 Nissan Altima 2.5 SL package conv, conv + and Technology package(FULLY LOADED). MSRP 30,000 SALE PRICE 28,100 OUT THE DOOR, Includes all taxes and fee's. So your money factor will be .00124 with a credit score of 700 and up. That is with no dealer markup. Your residual is 56% with 15K miles a year and 57% with 12K miles a year. Monthly payment of 307 for 12K per year and 2,500 down. How does this deal sound please let me know as im looking to purchase a car very soon. Thank you for all your help
#961 of 1140
Re: [pax4] by Car_man HOST
Mar 17, 2009 (2:22 am)
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Replying to: pax4 (Mar 02, 2009 12:18 pm)

No problem pax4.
 
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Prices Paid: Buying & Leasing Experiences Forum
#962 of 1140
Re: Coming out of a G35 lease [travdog34] by Car_man HOST
Mar 17, 2009 (2:24 am)
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Replying to: travdog34 (Mar 02, 2009 5:56 pm)

You're very welcome, travdog34. The phrase "roll them into your lease" usually refers to adding the fees from your current lease or some sort of negative equity from your trade or previous lease into the capitalized cost of your new car to make it part of the monthly payment rather than having to write a check for it at lease signing.
 
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Prices Paid: Buying & Leasing Experiences Forum
#963 of 1140
Re: Looking for lease details on Altima 2.5S [shackt65] by Car_man HOST
Mar 17, 2009 (2:31 am)
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Replying to: shackt65 (Mar 03, 2009 6:35 pm)

Hi Shackt. Did the dealer taking the $1,500 consumer cash that is currently available on this car into account in the price that they offered you. I suspect that they did. This cash is not compatible with NMAC's special lease program.
 
I will work up a lease payment on this car two ways for you, first using the exact prices that you mentioned in your post and then after backing out the $1,500.
 
According to my calculations, if you were too lease a 2009 Nissan Altima 2.5S Sedan that has an MSRP of $25,005 and a capitalized cost of $21,752 through NMAC right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $244. If I back out the $1,500, this payment rises to around $284.
 
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Prices Paid: Buying & Leasing Experiences Forum
#964 of 1140
Re: Altima 3.5 SL MoneyFactor & Residual Please . . . [integritas] by Car_man HOST
Mar 17, 2009 (2:34 am)
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Replying to: integritas (Mar 11, 2009 9:48 pm)

Ha integritas, I see that you noticed that I go through the leasing discussions alphabetically. I'm here.
 
Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2009 Altima Sedan 3.5L with 12,000 miles per year are .00124 and 58%, respectively.
 
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Prices Paid: Buying & Leasing Experiences Forum
#965 of 1140
Re: [pax4] by Car_man HOST
Mar 17, 2009 (2:53 am)
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Replying to: pax4 (Mar 13, 2009 1:35 pm)

Hey pax4. The money factor that you were quoted looks good. It's right in line with NMAC's current buy rate for this model. That leaves the selling price of this car as the other important variable that we need to take a look at.
 
I don't know the exact dealer invoice price of the specific car that you are interested in, but it probably has a spread of around $1,800 to $2,000 between its MSRP and its dealer invoice price. You were quoted a discount of around $2,850. That is a good price, it is likely right around dealer invoice minus the dealer cash that is available on this model right now.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#966 of 1140
Re: Extended Warranty [pax4] by Car_man HOST
Mar 18, 2009 (1:47 am)
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Replying to: pax4 (Mar 14, 2009 10:22 am)

Hi pax4. I definitely wouldn't spring for the extra warranty coverage if I was leasing an Altima. The dealer is probably trying to push this coverage on you because the Altima comes with a 3 year / 36,000 mile bumper-to-bumper warranty. This means that if something happens to your car during the final three months of your lease you would have to pay to have it fixed out of your own pocket. It's not really that risky though because the Altima's powertrain coverage is 5 years / 60,000 miles, so you would only have to pay for any non-powertrain item that breaks during the last three months of your lease.
 
Again, I personally would pass on the extra coverage.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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