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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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#994 of 1140
Re: Rebate [khriscota] by Car_man HOST
May 01, 2009 (2:42 am)
Reply

Replying to: khriscota (Apr 20, 2009 11:57 am)

What you were told is correct, khriscota. The $1,500 customer cash that Nissan was providing on 2009 Altima Sedans in April was only for purchases, not leases.
 
However, on April 17th, Nissan introduced a special $1,000 bonus cash incentive on the '09 Altima that was compatible with its special lease program.
 
I used the past tense in my above statements because Nissan's April lease program was only scheduled to run through yesterday, the 30th. Many manufacturers decided to extend their April programs through May 4th. I'm not sure if Nissan did or not, but either way it will introduce a new May lease program for this car, which may or may not be similar to its April program, any day now. Please feel free to check back with me to get an idea of what the new May program is like.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#995 of 1140
Re: 2009 Nissan Altima Lease Facts Needed [richiscan] by Car_man HOST
May 01, 2009 (2:48 am)
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Replying to: richiscan (Apr 28, 2009 9:03 am)

Hi richiscan. Nissan Motor Acceptance Corp.'s April buy rate lease money factor and residual value for a 36 month lease of a 2009 Altima 2.5S Sedan with 15,000 miles per year were .00124 and 57%, respectively. The residual value for a lease with only 12,000 miles per year is 1% higher.
 
As far as what sort of selling price to shoot for goes, if I was interested in leasing an '09 Altima right now I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $1,000 bonus cash.
 
I used the past tense in the above statements because Nissan's April lease program was only scheduled to run through yesterday, the 30th. Many manufacturers decided to extend their April programs through May 4th. I'm not sure if Nissan did or not, but either way it will introduce a new May lease program for this car, which may or may not be similar to its April program, any day now. Please feel free to check back with me to get an idea of what the new May program is like.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#996 of 1140
Re: 2009 Nissan Altima Lease Facts Needed [Car_man] by fractious
May 01, 2009 (3:56 pm)
Reply

Replying to: Car_man (May 01, 2009 2:48 am)

Hey Car_man,
 
Looks like the new May Nissan Altima programs just came out. Could you tell us the details?
#997 of 1140
Car man!! by fractious
May 02, 2009 (10:41 am)
Reply
Car_man,
 
Another question. I got a quote on a 09 Altima 3.5 SE 4dr. MRSP is $33,780, dealer invoice is $30,867. Dealer will give the car to me for $207 over invoice. So for a 39 month lease, 15/yr, dealer quoted me at $386/mo w/ $3000 down total out of pocket in NJ (7% sales tax). Does this seem like a good deal?
#998 of 1140
lease offer by todao
May 02, 2009 (3:21 pm)
Reply
Car Man, I've got an offer for an 09 NAH, fully equipped (convernience, tech and communications package with moonroof) at 39 months, 15K/year for $475 in LA. What do you think of this deal? Thanks.
#999 of 1140
Re: 2009 Nissan Altima Lease Facts Needed [fractious] by Car_man HOST
May 04, 2009 (1:41 am)
Reply

Replying to: fractious (May 01, 2009 3:56 pm)

Yep, fractious, Nissan did end up introducing its new programs on the 1st. Nissan Motor Acceptance Corp.'s new May buy rate lease money factor and residual value for a 36 month lease of a 2009 Altima 2.5S Sedan with 15,000 miles per year are .00107 and 56%, respectively. The residual value for a lease with only 12,000 miles per year is 1% higher.
 
Nissan is not providing any consumer cash incentives on leases of this car, but it is providing dealers that hit their sales targets with $1,000 dealer cash per unit.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1000 of 1140
Re: Car man!! [fractious] by Car_man HOST
May 04, 2009 (1:51 am)
Reply

Replying to: fractious (May 02, 2009 10:41 am)

Hey fractious. Let's use Nissan's new lease program to work up a payment on this car and see what we come up with. According to my calculations, if you were to lease a 2009 Nissan Altima 3.5 SE that has an MSRP of $33,780 and a selling price of $31,074 through NMAC right now for 39 months with 15,000 miles per year, I estimate that its zero down, pre-tax monthly payment would be around $382.
 
How does the $3,000 that the dealer is asking you for at lease signing break down? I ask because I usually advise consumers to pay as little money at signing as possible. Consumers who make large down payments on leases risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, it's safer to go with a zero down lease.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1001 of 1140
Re: lease offer [todao] by Car_man HOST
May 04, 2009 (2:00 am)
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Replying to: todao (May 02, 2009 3:21 pm)

Hi todao. the best way to evaluate this deal would be to take a look at its selling price. The selling prices of leased vehicles are negotiable, just as if one was paying cash for or financing. Without this number (and the MSRP or dealer invoice price to compare it to) it is difficult to tell how much of a discount you are being given.
 
Let us know what the selling price and MSRP are and I'm sure that either myself or another knowledgeable community member will gladly tell you what they think.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1002 of 1140
Re: lease offer [Car_man] by todao
May 04, 2009 (11:49 am)
Reply

Replying to: Car_man (May 04, 2009 2:00 am)

Thanks Car Man. Sorry for not giving the info. MSRP is $34,9890, invoice is $32,191. Edmunds shows an additional $2,000 incentive/rebate for the car but I don't think that was included in the dealer price (I assume the incentive is only for purchase, not lease).
 
The dealer is offering a selling price of $31,150.
 
With that the lease offer is 39 months, $2,000 down, 15K miles/year and a monthly lease payment of $475.
 
What do you think?
#1003 of 1140
Re:1000 by fractious
May 04, 2009 (12:18 pm)
Reply
Car_man,
 
Not 100% sure what the downpayment is used for... But based upon some of the numbers I saw on the computer screen, I think that it looks something like this:
 
Inception fees - $1450
$595 aquisition fee
$249 documents fee (title, registration, etc)
$199 window etching (i should really get this removed)
$386 first month payment
 
Cap cost reduction - $1550
 
Does that seem about right to you?

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