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2014 Nissan Altima Lease Questions

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  • brian125brian125 New york / S.C. myrtle beachPosts: 2,920
    edited August 12

    deep6ed,

    A lot of Nissan dealers like.... Miller Atlantic , Lynne's , Huntington were running the early spring 4k lease incentive in our area that ended 3/31/ 14.. What dealers are you speaking of in our area??

    I know Nissan was pushing to sell some models in early spring but think that's gone. I looked on above web sites and that 4k incentive ended march.

    I'm going to help my friend lease a SL Altima so keep me posted on any good dealers you come across with pricing and I will do the same.

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,920

    @v4npro said: I don't have the exact numbers with me but I just got a 2014 Altima 2.5 SL fully loaded(sunroof, nav) 36mo./15k mi. for $350 a month with $350 first month payment down. Is this a good-ish deal?

    Thanks @v4npro said: I don't have the exact numbers with me but I just got a 2014 Altima 2.5 SL fully loaded(sunroof, nav) 36mo./15k mi. for $350 a month with $350 first month payment down. Is this a good-ish deal?

    Thanks @v4npro said: I don't have the exact numbers with me but I just got a 2014 Altima 2.5 SL fully loaded(sunroof, nav) 36mo./15k mi. for $350 a month with $350 first month payment down. Is this a good-ish deal?

    I think our gracious host @michaell will be able to help you with the breakdown on your deal . I'm also curious to see if you received a good deal for I'm leasing the same vehicle but with 12k instead of 15k.

    @v4npro, Did dealer try to stick in the 281 advertising fee on your lease.?

    When you look at the numbers on your lease please post what the agreed selling price was on the vehicle and what incentive/ rebates dealer gave you. Tks ...........................Brian

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • carqscarqs Posts: 1

    Would you be able to provide MF at the different credit tiers for 2014 altims 2.5 sv?

  • deep6eddeep6ed Posts: 5

    @brian125‌. Its currently on Meadowlands Nissan Website under specials and the first item and it says expires 8/31/14 on website. After posting I saw several of those offers at other dealers that expired at the end of the first quarter. We are turning in a lease with 18k miles and while many dealers will agree make/ waive remaining payments most want to see car before even making an offer on payments for new deal.

    Maybe its me but in worse case scenario they term deal with 4 remaining payments and don't take for their inventory they can figure out a payment. Should they want vehicle and it has equity bonus for me with new found cash for new deal. After going to several dealers this past weekend and their wasting my time, i'm not anxious to visit anymore unless i know we are in the neighborhood. One mistake I believe I made was not steering the conversation away from payment to cap cost or selling price.

    Hopefully we will complete transaction Saturday and I will post the details of the deal. Thanks for your input brian125.

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,920

    deep6ed,

    Remember most dealers have a high doc fee charge in NJ where as NY can only charge 75 dollars by law. NJ doc's can go as high as 499. Take that into consideration before agreeing on the final sale price of vehicle.

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • deep6eddeep6ed Posts: 5

    @brian125‌ Thanks again I will keep doc and inception fees in mind. I think that by having discussion about selling price at least I can see if they are really trying to work with me or not. I can estimate payment myself with that info.

    Now if I could figure out how to not go to a dealer until we are ready to sign. Oh well, rome wasnt built in a day!

  • MichaellMichaell ColoradoPosts: 6,372

    @v4npro said: I don't have the exact numbers with me but I just got a 2014 Altima 2.5 SL fully loaded(sunroof, nav) 36mo./15k mi. for $350 a month with $350 first month payment down. Is this a good-ish deal?

    Thanks

    hard to evaluate unless we have the MSRP and selling price.

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  • MichaellMichaell ColoradoPosts: 6,372

    @deep6ed said: A few nissan dealers in the NJ/ NY tristate area are advertistising $4000 lease loyalty cash on their websites. Does anyone know if Nissan is offering that much loyalty cash or is it the respective dealer? Further, with any loyalty cash offer does the dealer have carte blanche in using it ie some towards payments on old lease and some towards the new deal like cash back, etc. The only offer i've seen from dealers is $1225 lease cash + $500 NMAC for '14 altima lease but wanted to make sure i wasn't overlooking anything. Thanks.

    Hard to say .. some of these dealers may simply be calling their discounts from MSRP "lease cash". Or, they are using finance companies other than NMAC. Check the Car Research tab at the top of the page for the current Altima incentives.

    I'm not 100% certain, but I think lease cash can be used only in two different ways - 1) as cap cost reduction (down payment), or 2) to help cover up front expenses like taxes and fees. I suppose #1 might cover negative equity from a trade.

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  • MichaellMichaell ColoradoPosts: 6,372

    @carqs said: Would you be able to provide MF at the different credit tiers for 2014 altims 2.5 sv?

    I don't have the actual scores associated with each tier; here is what Nissan provides:

    Tiers 1-3 - .00003 Tier 4 - .00036 Tier 5 - .00078 Tier 6 - 00123 Tier 7 - .00178 Tier 8 - .00365 Tier 9 - .00465

    Numbers above are valid for either 24 or 36 month leases.

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  • v4nprov4npro MarylandPosts: 4
    edited August 14

    @brian125 said:

    @Michaell said:

    Ok, so car value $27145, upfront sales tax $720, title registration etc.. $299, acquisition fee $595, service maintance(got the basic plan oil change+tire rotation)$849, prc $300..

    total gross $29908 gross capitalized cost $27145

    residual value $15511 depreciation 13397 rent charge 47.85

    looks like they gave me $1373 off with rebate and incentives.

    So again my payment is $373 a month. I figured I'm just paying in advance on the oil change and tire rotations since I got the basic plus service plan which I think I can cancel if anyone here thinks its not worth getting and would drop my payments to $350.

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,920

    If you paid 849 for oil change svc. Please cancel it. 300 is okay but still pricey to me.. Figure 2 oil changes a year x 6 or 3yrs. ??? At 30 dollars a oil change would be 180 dollars for 3 years. How much will it cost you at a local shop.. Or do it your self.??? Here in NYC a. reg/ oil change can be done as cheap as 21.95. A synthetic oil change is more but you don't need to use synthetic unless manufacturer requires it.

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • v4nprov4npro MarylandPosts: 4

    It's every 5k miles. They said they use semi synthetic oil and they charge $69.95 a oil change. So I figured if I get 3 oil changes a year and 4 tire rotation everytime would be around same price. I got 30 days to cancel according to the fine print with 100% money back.

  • v4nprov4npro MarylandPosts: 4
    edited August 14

    Ok, I going to cancel the service package. I just called the dealership and an oil change is $49.95 NOT $69.95 which I was told during signing the paper. And 4 wheel tire rotation is $25. So $75 total, not worth the $849 over 3 years I can do cheaper. 5qts of full synthetic at walmart is $25. Damn places do really over charge for synthetic :s

  • brian125brian125 New york / S.C. myrtle beachPosts: 2,920

    Yep. I buy all my oil at Walmart and buy 2 or 3 filters when either Walmart/ Kmart has there sales.. If you buy the syn/mix its cheaper than 25 dollars, more like 14 to 17 dollars depending on brand................ enjoy your new ride.

    2013 Genesis 5.0 R-spec, 2013 Accord EXL V-6, 2012 BMW x-5, 2012 ML350

  • otoluvaotoluva Posts: 143

    Just signed a new lease on 14 Altima SV with mats and ground lighting, MSRP 254xx. 36 month, 15k a year $235.00 a month with 0 drive off. I tried to get the dealer to disclose the numbers but he was deceptive ( residual in mid 50's) anyway, I thought the deal was not bad based on my reading here, many thanks to our hosts and all who contributed. I appreciate any comment or feed back as it will benefit other buyers.

  • MichaellMichaell ColoradoPosts: 6,372

    @otoluva said: Just signed a new lease on 14 Altima SV with mats and ground lighting, MSRP 254xx. 36 month, 15k a year $235.00 a month with 0 drive off. I tried to get the dealer to disclose the numbers but he was deceptive ( residual in mid 50's) anyway, I thought the deal was not bad based on my reading here, many thanks to our hosts and all who contributed. I appreciate any comment or feed back as it will benefit other buyers.

    $235/mo on a car that stickers for over $25K is a good deal. Enjoy your new car!

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  • nyccarguynyccarguy Stamford, CTPosts: 7,766

    Hello again guys! Can you give me the 36 month/12K lease numbers on 2015 Altima 2.5S & 2.5 SV? (NY/CT). Thank-you

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • MichaellMichaell ColoradoPosts: 6,372

    @nyccarguy said: Hello again guys! Can you give me the 36 month/12K lease numbers on 2015 Altima 2.5S & 2.5 SV? (NY/CT). Thank-you

    .00067 MF

    S - 59%

    SV - 58%

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  • peteryoonpeteryoon Posts: 4

    This is my first time leasing a car and got a price quote for Nissan Altima 2.5S. Can anyone review this calculation? MSRP: 23640 Invoice: 21903 Internet Savings: -1500 Rebate: -1000 NMAC Finance: -750 Sale Price: 18653 And there is** extra $500 bonus cash **not included in sale price. I don’t know what this means. Residual Factor: 55% Money Factor: 0.00003 My calculator shows $168.98(7% NJ tax) monthly payment based on this information. I guess I have to pay $ 867 upfront for first month payment(168.98), title(399) and license fees(298). Did I miss anything?

  • MichaellMichaell ColoradoPosts: 6,372

    @peteryoon said: This is my first time leasing a car and got a price quote for Nissan Altima 2.5S. Can anyone review this calculation? MSRP: 23640 Invoice: 21903 Internet Savings: -1500 Rebate: -1000 NMAC Finance: -750 Sale Price: 18653 And there is** extra $500 bonus cash **not included in sale price. I don’t know what this means. Residual Factor: 55% Money Factor: 0.00003 My calculator shows $168.98(7% NJ tax) monthly payment based on this information. I guess I have to pay $ 867 upfront for first month payment(168.98), title(399) and license fees(298). Did I miss anything?

    The $500 extra bonus cash may be a Labor Day weekend promotion.

    NJ calculates the taxes for the entire lease up front and you have the option of adding that amount into the cap cost or paying it with your other up front fees.

    Without tax, I get a monthly payment of $157.92 using the numbers you've provided.

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  • peteryoonpeteryoon Posts: 4

    @Michaell said: Without tax, I get a monthly payment of $157.92 using the numbers you've provided.

    I'm going to meet a sales person tomorrow. I really like this payment. Honestly, $157 is lower than what i expected for Altima 2.5S. Their ad says $189 with $1999 down. If he/she try to bump up the monthly payment, what would they try to add in? Thanks.

  • MichaellMichaell ColoradoPosts: 6,372

    @peteryoon said:

    Thanks.

    Remember, this is before tax - in NJ, they calculate the tax for the entire lease up front and either add it to the selling price or you pay it out of pocket at lease inception.

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  • jokertechjokertech Posts: 1

    Hey guys new around here, thanks for all the info looking @ leasing a 2014, 36/12K Altima 2.5S & 2.5 SV? (Alabama/Georgia). Thank-you

  • kyfdxkyfdx Posts: 29,818

    @jokertech said: Hey guys new around here, thanks for all the info looking @ leasing a 2014, 36/12K Altima 2.5S & 2.5 SV? (Alabama/Georgia). Thank-you

    .00003 MF and 56%/55% residual.

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  • ahashmiahashmi Posts: 77
    edited September 1

    Michaell, whats is the MF and RV for a 2015 SV with Nav and Conv pkg for 36 mo, 15k/yr in NJ?

    Also for a 2014?

  • kyfdxkyfdx Posts: 29,818

    @ahashmi said: Michaell, whats is the MF and RV for a 2015 SV with Nav and Conv pkg for 36 mo, 15k/yr in NJ?

    Also for a 2014?

    2.5 SV?

    2015: .00067 MF and 57% residual

    2014: .00003 MF and 54% residual

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  • ahashmiahashmi Posts: 77

    Thanks Kyfdx!

    The deal I got yesterday on a 2015 2.5 SV Altima with Tech pkg was:

    MSRP: $28,370 Selling Price: $22,670 ($1,000 Incetinve incl) Mi/yr: 15,000 Term: 36 Out-of Pocket: $1500 Monthly: $215 7% tax incl.

    But I didn't do the deal =/. They didn't have the right color combo I wanted, and I tend to like the Sonata a little bit more. Just wanted to list the deal here for others in case it helps.

    Thanks to the admins for answering all requests and questions!

  • kff1289kff1289 Posts: 2
    edited September 11
    Hey guys. First time i'm doing a lease and can't seem to figure out if this is a good deal.

    '14 Maxima SV sport package, MF is .00003,cap cost is $33800, Rebates are 3537, down pmt $1000, residual value is $19117, and the residual is .51 , the doc fee is $133 and the disposition fee is $395. The acquisition fee is $595, base payment is $291.38 and tax is $26.22 = 317.60 /mo. all of the above is included.

    Can you help please ?
  • kyfdxkyfdx Posts: 29,818
    kff1289 said:

    Hey guys. First time i'm doing a lease and can't seem to figure out if this is a good deal.

    '14 Maxima SV sport package, MF is .00003,cap cost is $33800, Rebates are 3537, down pmt $1000, residual value is $19117, and the residual is .51 , the doc fee is $133 and the disposition fee is $395. The acquisition fee is $595, base payment is $291.38 and tax is $26.22 = 317.60 /mo. all of the above is included.

    Can you help please ?

    So.. $1000 due at signing and $317/mo? 36mo, 15K/yr?

    For a $35K plus car? What can't you figure out? ;)

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  • well, 39mo, 12k/yr. MSRP 37,190. Want to know if that is a good deal or not. Apologize for the ignorance..
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