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Nissan Altima: Lease Questions

1911 messages,  Last post on May 23, 2013 at 5:27 PM

You are in the Nissan Altima Forum.

What is this discussion about? Nissan Altima, Nissan Altima Hybrid, Car Leasing, Sedan

Messages Page 182 of 192

#1802 of 1911 Re: 2013 Altima SL w/ Tech Lease [jmccourt] by pegasus17

Feb 11, 2013 (8:30 am)

Replying to: jmccourt (Feb 10, 2013 3:19 pm)
REF: 1801
Don't you hate when dealers/finance guys do that? Sorry to point that out but it is still a good deal overall. BTW, scheduled mx for the first 36 months is probably limited to five oil changes and tire rotations. So essentially, you paid for those upfront, with interest. Enjoy your new ride!

#1803 of 1911 How Did I Do by gator2323

Feb 15, 2013 (11:39 am)

I am about to pull the trigger on this deal and wanted some input/thoughts. Thanks in advance for taking a look. This is my first post here, but I have been reading the forums for some time.
 
2013 Altima 2.5 SL
MSRP 28780
36 month lease, 15k miles yearly
$400 down
$315 per month, tax included
I live in Orlando Florida and the tax rate is 6.5%
They are also paying the last payment of my 2010 Accord EXL which is an additional $325
 
Unfortunately I do not have the MF, Residual% and/or sales price they are using as I know you folks typically like, but I figured I would take a shot to see what you all thought of this deal anyway.
 
I was deciding between a new EXL or this vehicle and I couldn't get my Honda dealer down anywhere close to this. Plus I also signed up for the Edmunds/Nissan $750 gift card deal, so that is a bonus too.
 
Thoughts? Again, sorry for not having more info at this time, I will post more if I get it.

#1804 of 1911 Re: How Did I Do [gator2323] by seanknp

Feb 15, 2013 (7:53 pm)

Replying to: gator2323 (Feb 15, 2013 11:39 am)
that sounds like a great deal, what was the amount of your trade value? also if you find out can you let us know about the residual and the money factor? ps i was quoted 318 for a sv for 12k per 36mo.

#1805 of 1911 MF/Residuals by mdspinner

Feb 19, 2013 (8:38 am)

Carman, can you update for Feb?
 
Altima 2013: 2.5 sl and 3.5sl money factors and residuals for 36 or 39 months 12,000 miles a year. Based on my research, the 3.5 sl carries a better residual than the 2.5 which I find odd. In addition any cash/incentives in the Northeast for Feb? Would you predict a better program in March?
 
Thanks!!!

#1806 of 1911 Re: How Did I Do [seanknp] by gator2323

Feb 19, 2013 (9:52 am)

Replying to: seanknp (Feb 15, 2013 7:53 pm)
Thanks for the reply!
 
Ok, I did the deal and here are the final numbers:
 
2013 Altima 2.5 SL
MSRP 28780
 
SALES PRICE: 26,053
TOTAL GROSS CAP COST: 26,648
RESIDUAL VALUE: 16,404.60
MONEY FACTOR: .00072
 
36 month lease, 15k miles yearly
$400 total down from me/out of pocket (Amount due was $1275 = my $400 and $875 in rebates and non-case credits)
$315 per month, tax included (6.5%, Orlando, FL)
 
They cut me a check for $325 to cover my last payment on my current lease.
 
I had no trade in and only paid the $400 with 35 more payments of $315
 
I also just submitted my info for the Edmunds/Nissan $750 gift card deal
 
I think that covers it. So far very pleased with the car!
 
Let me know your thoughts.
 
Thanks!

#1807 of 1911 Checking Dealer offer on 2.5 SL Lease w/ Tech Package by tim_in_ct

Feb 19, 2013 (10:49 am)

Hi all,
Wanted to get your input on this offer and my calculations. I’m turning in a 2010 Altima at the end of a lease and exchanging it for a 2013 Altima 2.5 SL with Tech package. Told the dealer I’m putting nothing down, I want to drive in the old car and drive out the new one with no cost. Been leasing Alitmas for 12 years and this is the way I do it…
36 Month lease.
12,000 miles/year.
Dealer’s offer was $375/month, including tax.
 
My calculations:
MSRP - $30,340
Sale price - $27,979 (I’m using the Edmunds TMV here)
Residual = 60% MSRP = $18,204
MF = .00129
Lease price = $352 (Using Edmunds calculator)
 
If I include $100 for tax & registration, which is still a valid cost, and the $595 Acquisition Fee, then the lease price calculates to $374, which matches the dealers offer of $375. Since I believe they had to roll those costs in to their total, it seems fair that I do as well. But seems I've seen others on this site getting 2.5 SLs for $340 - $350 per month. If they are paying cash up front for Acq. Fee and Title/Reg., then that makes sense.
 
Comments? Thanks for you help!!

#1808 of 1911 Re: Checking Dealer offer on 2.5 SL Lease w/ Tech Package [tim_in_ct] by gator2323

Feb 19, 2013 (1:36 pm)

Replying to: tim_in_ct (Feb 19, 2013 10:49 am)
I just got a 2013 2.5 SL WITHOUT the tech package.
 
I paid $400 upfront and got $315 for remaining 35 months of lease with 15K miles. Plus they cut me a check for $325 for my last lease payment on my prior car.
 
The finance guy told me they used a MF of .00072 on my deal. Not sure why there would be a difference or how they swung the deal (the closest another dealer in town was going to get was $330/mo with $700 down.

#1809 of 1911 Re: How Did I Do [gator2323] by mdspinner

Feb 19, 2013 (1:44 pm)

Replying to: gator2323 (Feb 19, 2013 9:52 am)
Wow, 63% residual, did mrsp you quoted include 790$ destination? In my dealings, dealer always maintained the MF and residual were fixed by Nissan, 58% for 36 mo./15k up in NY, maybe higher residual if you are in FL.
 
Good deal regardless. I'm still working on mine.
 
Carman, any thoughts on whether Nissan allows any negotiation on MF rate and/or residual?

#1810 of 1911 Re: MF/Residuals [mdspinner] by Car_man HOST

Feb 19, 2013 (4:59 pm)

Replying to: mdspinner (Feb 19, 2013 8:38 am)
Certainly mdspinner. Nissan Motor Acceptance Corp.'s February buy rate lease money factor and residual value for a 36-month lease of a 2013 Altima 2.5 SL with 12,000 miles per year are .00072 and 61% for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical lease of a 2013 Altima 3.5 SL are .00072 and 62%.
 
I don't think that Nissan is providing support on 39-month leases of these cars right now.
 
In the Northeast, Nissan is providing a $375 cash incentive on leases of the '13 Altima Sedan.
 
It's difficult to say what Nissan's March programs on the Altima will be like. I can tell you that there was no improvement in the Altima's programs from February to March last year, but...this is a different situation because the car was redesigned. Manufacturers usually try to cut way back on support on recently redesigned models when they are first introduced. The eventually have to ease back into it as the months progress. That's what seems to be happening with the '13 Altima. So it probably wouldn't hurt to wait if you're not in a hurry.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1811 of 1911 Re: How Did I Do [mdspinner] by Car_man HOST

Feb 19, 2013 (5:01 pm)

Replying to: mdspinner (Feb 19, 2013 1:44 pm)
Hey mdspinner. Banks' residual values are usually essentially set in stone and cannot be negotiated. Vehicles' base money factors are set by banks, but dealers are allowed to mark them up from time to time. That's why it is important to find out what the buy rates are for the model that you are interested in prior to entering into negotiations.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 182 of 192

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