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Nissan Altima: Lease Questions

1903 messages,  Last post on May 17, 2013 at 10:01 AM

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

Messages Page 2 of 191

#7 of 1903 2006 Nissan Altima S Series 42 Month Lease 15K by wdhayden

Oct 17, 2005 (3:48 pm)

I posted this a week ago or so on another board. May help some folks here as well.
 
Just agreed on the car, here are the details. Use these numbers any way
you would like.
   
Dealer: Arch Abraham Nissan in Elyria, OH
   
2006 Altima 2.5 S Series - Automatic
Added options: ABS Package, Splash Gaurds, Floor Mats.
   
42 Month lease with 15K miles per year.
MSRP: $21,695 (Includes destination fee)
Invoice: $20,222 (Includes destination fee)
Price Paid for Car: $20636.32 (Includes destination fee)
Taxes: $792.46 (All taxes paid up front, Ohio Law)
License Fees: $140.50
Acquisition Fee: $550.00
Commission $100.00 (I think this is B.S, but didn't want to haggle
anymore)
Residual: $11702 (54%)
Money Factor: .00196
Money Down: $0 (nothing down out the door, first payment in 30 days)
Payment: $314 Per month (If I understand correctly, I only pay 41
monthly payments)
No Trade in.
   
My experience:
(Everything is 42 months 15K)
We went to Honda, VW, Toyota, and Nissan. Nissan started at $339 per
month for a S Series car without the ABS package, zero down. We went to
Honda, they gave us a quote of $291 per month with $550 down for their
2006 Accord LX. Toyota was $365 for their 2006 Camry LE, zero down.. VW
was at #378 for their 2005 Jetta 2.5 package #1, zero down.
   
We went to the Nissan dealer Saturday and he told us we could test
drive the car until Sunday. We put about 100 miles on it. We turned it in
Sunday and then went to the other dealers. We liked the Accord and
Altima the most. We decided we would go with the best deal, but maybe pay a
little extra for the Altima because we liked the styling inside much
more.
   
We went back to the Nissan dealer on Monday night and told them they
had to match the offer we had for the Honda Accord and add in the ABS
package. He told me the best they could do was $299 a month. He gave me
all of the numbers and I told him that we would think about it and come
back Tuesday. We arrived Tuesday and told him that we didn't want to put
any money down and that we wanted the car. He put a hold on the car we
wanted because it was at another dealer. We will be picking it up
tomorrow.
  
Hope this helps,
Bill

#8 of 1903 Re: 2006 Altima 3.5 SL by Car_man HOST

Oct 20, 2005 (1:28 pm)

Hello again Frank. I am glad that I was able to help you out in the past. Let's see if I can do so again. If your sister was to lease a 2006 Nissan Altima 3.5 SL through Nissan Motor Acceptance Corp. right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00115 and 59%, respectively. A base '06 Altima 3.5 SL has a spread of around $2,000 between its full MSRP and invoice prices, so for now let's assume that your sister is able to get a $1,500 discount on this car for the purpose of calculating a lease payment on it. Using the aforementioned lease program, an MSRP of $27,905, and a selling price of $26,405, I estimate that this car should have a zero down, pre-tax monthly payment of around $326. If your sister ends up paying more for this car her lease payment will be higher, and vice versa. You may want to stop by the following discussion to see how much other community members have paid for similar cars lately: "Nissan Altima: Prices Paid & Buying Experience".
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#9 of 1903 Re: 2006 Altima 2.5 S w/Special Edition by Car_man HOST

Oct 20, 2005 (1:31 pm)

Welcome back italia10. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.
 
As far as other cars that probably have similar lease payments to the Altima, take a look at the Toyota Camry and Honda Accord.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#10 of 1903 Re: 2006 Nissan Altima S Series 42 Month Lease 15K by Car_man HOST

Oct 20, 2005 (1:32 pm)

Thanks for taking the time to post such a detailed description of your recent lease experience, Bill.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#11 of 1903 2006 altima 3.5 SE leasing questions by andreyd

Oct 26, 2005 (1:08 pm)

looking to buy this in the next week to a month or so, depending on how things go and what kinda deals i can find.
 
im looking into the 3.5 SE with the sports option (sunroof and spoiler). the msrp for it is $26005 and the invoice comes out to $24025. from all the research i've been doing there seems to be a $1000 cash back on all altimas until the 31st of this month and a 3% apr (are these two combined, meaning i can get the 1000 back and get the low interest on the lease?). what kind of a lease am i looking at here for 36 months and 15K with no money down? from the calculations i did on the site it comes out to around ~$330 (depending on 12k vs 15k it varies up and down).
 
when i go to the dealership should i try to get the price down below invoice, or is getting invoice good enough on it's own? i understand that the rebate comes off on top of the invoice, but say there was no rebate involved, should i push to get invoice or below, is that reasonable?
 
basically trying to get the most for my money here, thanks for any info!
 
also are there any other deals coming out for after oct 31st? wondering if i should hurry on this and try to get in on the current promotions or if something else is going to come out after this is done.

#12 of 1903 November program? by sdiver68

Nov 05, 2005 (8:30 am)

Can you please detail the 36 month, 15K program for an Altima 2.5 and 3.5 SL? tier 1+ credit. Thanks again, and thank you for your past and continued help!

#13 of 1903 And 1 more question - by sdiver68

Nov 05, 2005 (7:46 pm)

Follup up to above post, here is the deal I've been offered:
 
2006 Altima 3.5SL
$338/month + tax - zero down
36month/15K per year
Residual 57%
 
With splash guards, sunroof wind deflector, and full floor mat set. Includes acq fee and waived security deposit since I already lease an M45.
 
I'm not complaining, but I keep running the calcs and don't see how he can offer this to me but I must be missing something, because given those variables and using .0014MF I keep coming up with $358/month. He states he is making $200 over COG (maybe including holdback???) AND including first 2 years of oil changes (up to 8!)

#14 of 1903 06 Altima 3.5SE automatic - money factors/res values??? by b22squared

Nov 07, 2005 (8:36 pm)

Replying to: Car_man (Aug 31, 2005 5:02 pm)
hi car man,
 
I'm interested in the residual values/money factors for an 06 Altimae 3.5SE automatic. 15k/mile lease and would appreciate the numbers for 36/39/48 month leases. Thanks a lot. If you need an invoice price, you could use 23k.
 
By the way, is there a website where we can get updated residual values/money factors or do you rely on inside sources or use reverse calculations? Thanks again!

#15 of 1903 Looking for MF and Residual for an 06 Altima 2.5 SL by andy2812

Nov 11, 2005 (3:42 pm)

Carman,
  
I had posted on the Maxima board for factors but I'm still undecided as to go for the Maxima or the Altima. Can you also please provide me with the money factor and residual for November for a 2006 Altima 2.5 SL w/o Navigation for both 24 & 36 months with 15K miles per year.
  
Thanks again for your help

#16 of 1903 Re: 2006 altima 3.5 SE leasing questions [andreyd] by Car_man HOST

Nov 14, 2005 (4:56 am)

Replying to: andreyd (Oct 26, 2005 1:08 pm)
Hello andreyd. Consumers are not allowed to combine the customer cash that is currently available on the 2006 Nissan Altima with its special financing or lease programs. Also, Nissan's lease money factors (the interest rate that is used to calculate its lease payments) are different than its special finance rates. I would be happy to estimate what this car's lease payment should be like for you using its current lease program. According to my calculations, if you were to lease a 2006 Nissan Altima 3.5 SE with an MSRP of $26,005 and a selling price of $24,525 ($500 over invoice) through Nissan Motor Acceptance Corp. right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $315. I'd say that $500 over is a reasonable price for this car right now.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

Messages Page 2 of 191

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