Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Nissan Altima Lease Questions

18911131467

Comments

  • toxiktoxik Posts: 1
    Does anyone know the lease rates for a 36 month lease for the altima coupe, either the 2.5s or the 3.5se model?
  • doc519doc519 Posts: 3
    I am looking to lease a 2.5s CVT automatic with convenience plus package,abs and fog lights. Carsdirect gave a quote of $21,714. First of all is this a good price, can I get better. In addition, I want to take a 10k lease for 36 years. I live in New York area. I approximated that if I want to pay 500 down, the lease would cost me around 340 at best. Did anyone get a better deal in the New York area?
  • louiseblouiseb Posts: 12
    I wanted to know a fair price for a lease on an Altima Hybrid. 2007 Hybrid with convenience package, floor mats and splash gaurds. Sale price of $25,415. 39 months. 0 down. The dealer is telling me the fee for reg is 480.17, 299.50 for doc fees, 59.00 for title, 188.50 for etching (??) Tax in AZ is 8.1%
    Should I just buy instead of lease??
    Thanks in advance! :)
  • ct1211ct1211 Posts: 56
    Hi guys, I am looking for the June 2007 24 36 (39) month Money factors and residual for 12K miles for the Altima S SE Models - does any model have a killer "supported" rate avialble? Thanks so much for your help!!
  • ct1211ct1211 Posts: 56
    Hi Carman! I am looking for the June 2007 24 36 (39) month Money factors and residual value for 12K miles for the Altima S & SE Models - does any model have a killer "supported" rate avialble? Thanks so much for your help!! :shades:
  • pbs0626pbs0626 Posts: 18
    Hi Car_Man,

    Do you have the money factor and residual on 07 Nissan Altima, 2.5 with SL package, few other options, 36 and 39 month lease, 12K miles. MSRP with options is $25,635, dealer is selling at invoice $23,807. They quoted me on a 39 mo lease, 56% and .00214. On a 36, 58% and .00245.
    What do you think. Can buy this week if I can get the right numbers. Thanks!!!!!
  • movistarmovistar Posts: 17
    This is the deal I'm being offered
    07 Altima NAV, Leather Technology package, fog lights

    $33,005 MSRP
    $30,000 selling price
    36 month 12k per year
    .00214 money factor
    .59% residual
    $467 down
    $467 per month
    can I do better?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mlubes11. You never mentioned how long you want to lease this car for, so for now I will assume that you want a 36 month lease. Let me know if you want something different. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2007 Nissan Altima 2.5 SL with 15,000 miles per year are .00199 and 56%, respectively. 15,000 miles per year is the highest mileage allowance that NMAC publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dpanda. Through July 2nd, Nissan Motor Acceptance Corp.'s buy rate lease money factor and residual value for a 36 month lease of a 2007 Nissan Altima 2.5 SL with 12,000 miles per year are .00199 and 57%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I see that you're interested in information on the new Altima Coupe, toxik. I think that it looks really cool, but I've always been a coupe guy :) . Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Nissan Altima Coupe 2.5 S with an automatic transmission with 15,000 miles per year are .00295 and 60%, respectively. The numbers for an otherwise identical lease of an '08 Altima Coupe 3.5 SE with automatic are .00295 and 57%. The residual values for models that have manual transmissions are 2% lower.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi doc519. If I was in the market for this car in your area, I would shoot for a selling price of dealer invoice, or slightly over. You can look up the exact invoice price off the Altima that you want by visiting the following section of this site: Edmunds.com - New Vehicle Pricing.

    Once you have a selling price that you're comfortable with, have the dealer that gives it to you calculate your lease payment using Nissan Motor Acceptance Corp.'s current 36 month buy rate lease money factor of .00199.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi louiseb. Nissan's lease program for the Altima Hybrid isn't very that great. NMAC;s current buy rate lease money factor and residual value for a 36 month lease of an '07 Altima Hybrid with 15,000 miles per year are .00259 and 55%, respectively.

    It would be easier for me to give you my opinion of the selling price that you were quoted if you are able to provide me with this car's MSRP or its dealer invoice price. The $300 doc fee that you mentioned is nothing more than a way for the dealer that you are working with to add extra profit to your deal. You should pass on the $200 for window etching.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, ct1211. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 24 month lease of a 2007 Nissan Altima 2.5 S with 12,000 miles per year are .00199 and 59%, respectively. The numbers for an otherwise identical lease of an '07 Altima 3.5 SE are exactly the same. Unfortunately, no Altima trim levels have a "killer" lease program available on them right now.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi pbs0626. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2007 Nissan Altima 2.5 SL with 12,000 miles per year are .00199 and 57%, respectively. The numbers for an otherwise identical 39 month lease are .00230 and 56%. Dealer invoice is a very good selling price for this car right now.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi movistar. The money factor that you were quoted looks good to me. It is right in line with Nissan's .00199 buy rate plus a .00015 increase for a waived security deposit. The $3,000 discount that you are being given on this car looks good as well. If you like it, I personally don't see any reason not to go for it.

    Car_man
    Host
    Prices Paid Forum
  • talon4x4talon4x4 Posts: 14
    I'm looking to lease an '07 Altima SL. I went to the dealer yesterday and they were very firm on the price and tight lipped about the details. He said it's such a hot car that they don't need to give great deals on it. Here's all I got.

    '07 Altima SL
    Anti-lock brakes
    floor mats

    36 month lease - $500 down - $417/month (The salesman said this price is based on a selling price of $700 over invoice, a $550 bank fee, and NY tax of 8.25%).

    Any help on this would be greatly appreciated.

    Thanks!
  • movistarmovistar Posts: 17
    Would it be worth it to pay the security deposit for the reduced money factor?
  • r5020r5020 Posts: 4
    Or can I do better?

    2007 Altima 3.5 SL
    MSRP:$32,865
    Purchase Price: $29,685
    Down Payment: 3,000
    Lease: 36 mo/45,000 miles
    .00239 money factor (5.7%) $16,014 Residual
    Payment $437/mo
  • mnoghostmnoghost Posts: 11
    price for car is 25,795, i would be trading in a 99 mit galant which they were giving me 1,500$ for, monthly payments with just that are 449 a month for 39 months and 15,000 miles a year, which is ridiculous, and with the trade in and 3,000$ down which is also ridiculous, it is 369$ a month. are they joking or what? last year i got my 3.5 SE with con. package and spoiler and sunroof ect for 290$ a month with about 1,200$ down, now they want all that for a 4 cylinder? think ill stick with my SE
  • The latest 2.5 Lease program expired yesterday, July 2nd. Any word on a new program carman? others?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi talon4x4. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Basically, the most important number to know when leasing is your vehicle's selling price. $700 over dealer invoice is a decent price for an '07 Nissan Altima. The monthly payment that you were quoted looks about right for an '07 Altima 3.5 SL at $700 over invoice. I personally don't see any reason not to pull the trigger on this deal if you like the car.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi movistar. There's nothing wrong with either option. I have leased cars both ways. The nice thing about paying the security deposit is that you actually get it back at the end of your lease (assuming that your car is in good condition and that you're not over mileage).

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi r5020. The 2007 Nissan Altima 3.5 SL that you described probably has a spread of around $2,500 or so between its full MSRP and its dealer invoice price. You are being given a discount of over $3,000 on the car that you are interested in. This is an excellent price. The money factor that you were quoted looks a little on the high side though. Nissan Motor Acceptance Corp.'s new July buy rate lease money factor for a 36 month lease of this car is only .00175 with the payment of a security deposit at lease signing and .00200 with the deposit waived. Make sure that the dealer that you are working with uses this factor to calculate your monthly payment.

    Also, I see that you are considering making a $3,000 down payment on your lease. I always advise consumers against making large down payments on leased vehicles. Consumers who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered. Even though your monthly payment would be a little higher, you would be better off going with a zero down lease. If you opt not to make a capitalized cost reduction, all you would have to pay at lease signing are your car's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, NMAC's $595 acquisition fee, and any required state taxes or fees.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello rumblebumble. I have seen Nissan's new July lease program and I would be happy to give you an idea of what it is like. You never mentioned how long you want to lease this car for or how many miles per year you need to be able to drive it, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2007 Nissan Altima 2.5 S with 15,000 miles per year are .00199 and 58%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • Two questions (w/ parts),
    1. When is the 2008 Altima Sedan going to be available?
    a. Will it be possily to get this car for invoice?

    2. It is possibly to get the 2007 altima sedan 2.5 S at or below invoice?
    a. Any special financing plans available that are not listed on edmunds?

    Thank you!
  • vfrenkelvfrenkel Posts: 2
    Hi,
    Do you have the money factor and residual for a 2007 Altima 2.5S 36months, 12K mi, with 6 speed trans for July 2007.

    Thanks!
  • black00black00 Posts: 48
    It seems very few people lease Altimas...

    Can anyone provide the lease terms (MF and residuals) for the new Altima Coupe?
  • flydustflydust Posts: 1
    hey guys, I need help. I want to get the 07 Altima's SE 3.5. I WANT LEATHER,xenon headlights,audio package, sunroof. I dont want the navigation. Basically I want to know how much I am expecting to lease this for. I want to lease it for 36 months. I might finance if payments are close. I also want to know if I should wait for any offers ? anyone know about any good offers ?helppp !!! thank you.
  • jazzy75jazzy75 Posts: 1
    We plan a 36-mos, no money down lease of a 2007 Nissan Altima. We live in MA. We have a choice of a CT or a MA dealership both within close proximity.

    The invoice price of exactly what we want is $20,783/MSRP is $22,275. That includes the destination charge of $625. What do we need to know for a good lease? One dealership is talking a 'sale' and the other isn't, so I'm leery of being horn-swaggled. Any advice?

    Do you pay sales tax on a lease? Or excise tax? If you are not buying the car, just leasing, shouldn't both of these taxes not apply?

    We are actually heading out for the test drives shortly. We have compared electronically and visually against the Honda Accords and Toyota Camrys. Today should be fun!
  • Hello all. I'm trying to help my father in law lease an Altima. He's looking at the 2.5 with SL package. MSRP of $25,075. carsdirect.com has the associated selling price at $22,623. Is this the price I should aim to have the lease based from? It includes a $500 rebate. While I can calculate a lease I'm not sure if rebates are purchase only.

    Can you guys tell me what you think? Also, if you have the current 36 mo MF - we're looking at 10,000 or 12,000 mi/year and have no issues with cap cost reduction.

    Lastly we have a paid off trade worth about $10k. Any ideas on how to structure this deal?

    Thanks!!
This discussion has been closed.