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Nissan Maxima, Car Leasing, Sedan
#783 of 1381 lease quote for maxima SV with sport, cold and monitor/tech package
Jun 20, 2010 (9:02 pm)
ok looking for some feedback here.
i have a deal on the table and here is what the lease quote is on.
i have a 2008 2.5 SL altima with 22K miles (i can put up to 39,000). i have 8 payments left at $480.39 (i rolled a previous car into this payment) . the residual at end of the lease term is $15,723 and the payoff today is $18,977. the car has low miles and has about $1,000 in body damage.
i have Tier 1 credit with NMAC and they have already pre approved me up to $700 a month. i am wondering if i burn out this lease and stay in the altima or if i have a good (early) deal. i dont want to be rolling negative equity into my new lease (or a minimal ammount would be fine).
39 months, 12,000 miles a year
get out of my altima early and dont have to fix body work
$479.23 a month
state - illinois
zero down (except first month payment, dock fee, and plates ~$800.
one dealer quoted me $525 and i walked out - they were the deal i got the altima at and called me to come in. another for the same car quoted $479.23. do you recommend i make the deal or wait? beat them up a litte more? what would the lease payment be for this same car in january if i burn the altima lease further? will it be $50 to $100 less a month? nissan dealer says they will be buying my altima from NMAC. i do realize i am getting a much better car with a lower payment (by $10 a month) without having to fix the body work.
let me know thoughts and what you think i should do. also, let me know if you need any additonal information.
#784 of 1381 Re: lease quote for maxima SV with sport, cold and monitor/tech package [hoosier203]
Jun 21, 2010 (7:46 am)
I posted a couple times and didn't get any responses, so figured I'd at least reply to yours. You'd be upgrading from a 2.5 Altime to a 2010 3.5 Maxima SV ... is that correct? At a lower payment. If so, they are doing some MAJOR magic with their numbers, and it seems like a no brainer to me assuming there are no other hidden costs anywhere. My guess is that you may have overpaid on the Altima (your current payment seems very high for that car, IMHO, but I don't know what addt'l debt you may have rolled into it), which is how they're able to eat those costs. Sounds like a great deal compared to your current one. I've only had my Maxima SV for 2 days now, but I absolutely LOVE it. And, I was coming from a car that already had a powerful V6, etc. The difference between your 2.5 Altima and a Maxima SV is going to blow you away.
#785 of 1381 Re: June Rates [jcohman]
Jun 21, 2010 (8:02 am)
Hi, I'm obviously not "car man" but I saw your post and wanted to let you know what my understanding is, given my personal experience this weekend. My residual (on an SV with Monitor & Cold Pkgs, plus mats & splash guards and an MSRP of $35,600) went down to 54% when I increased the mileage to 15K. Was still a great deal for me, especially since I plan to turn the car in vs. purchase when my lease is up.
#786 of 1381 Re: lease quote for maxima SV with sport, cold and monitor/tech package [sandiana]
Jun 21, 2010 (8:20 am)
yes i lease the altima now and it doesnt come due till january and would be now leasing a 3.5 maxima sv.
i did overpay on the altima and i rolled some debt into that payment. i just want to make sure i am not rolling more debt again into the maxima. i jsut want to be 'free'. what i was getting at was if i did wait, would my payments for the same car be much lower than what they are quoting?
thanks for the help!
#787 of 1381 Re: lease quote for maxima SV with sport, cold and monitor/tech package [hoosier203]
Jun 21, 2010 (8:30 am)
Yeah, I would think that they're definitely rolling that debt into the new/proposed lease. I just leased an SV with an MSRP of $35,600 -- I put down $3,000 and my payment (39 months 15K miles/yr) is exactly $315.00 with top-tier credit. That was with paying $712 under invoice PLUS getting another $2,000 in rebates ... so getting it for $2,712 below invoice. Your payments would certainly be lower if you waited, assuming similar incentives/rebates are being offered at that time.
#788 of 1381 Re: lease quote for maxima SV with sport, cold and monitor/tech package [sandiana]
Jun 21, 2010 (8:37 am)
I should have clarified ... it does seem like they have to be eating SOME of the outstanding lease to get you into so much nicer of a car and for your payment to go down, but I can't imagine that they are eating it ALL. If you plan to continue leasing as the years go on, it seems like a good deal. If not, and you truly want to be "free", buying a car and keeping it til it's paid off is obviously the only way to do that ;o)
#789 of 1381 Re: lease quote for maxima SV with sport, cold and monitor/tech package [sandiana]
Jun 21, 2010 (10:35 am)
the MSRP on mine is $39K. the car is loaded with everything except the premium package. i would be putting zero down except first month payment and few other fees ~ 800. do you think the payments will be much lower if i wait? the risks are will the rebates still be available and will the '11 lease for a little more than the '10s.
#790 of 1381 Re: lease quote for maxima SV with sport, cold and monitor/tech package [hoosier203]
Jun 21, 2010 (11:04 am)
With basically nothing out of pocket, that honestly sounds like a killer deal to me. It's always a little bit of a gamble, as there's no guarantee there will be as good of incentives come January -- they could be better, they could be worse -- so, I would say that as long as you're absolutey sure you want to lease your next car vs. turning it in and buying in '11, I would go for it! I don't see any downside, given the info available.
#791 of 1381 Re: lease quote for maxima SV with sport, cold and monitor/tech package [sandiana]
Jun 21, 2010 (12:13 pm)
Why you keep on saying you love your Maxima. Last time I checked a car doesn't love to back. Unless your a little on the ......... side
#792 of 1381 Re: lease quote for maxima SV with sport, cold and monitor/tech package [sandiana]
Jun 21, 2010 (1:15 pm)
Good Luck with your car, but why you keep on saying you love your Max