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Nissan Altima Lease Questions

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  • hi everyone. i just want to know, is this deal for an altima sedan, 2.5s automatic black a good lease? i managed to get a lease of 200 dollars a month, 36 months, 10k per year (ok for me) with 4000 down. i want to know if this is a good deal or not QUICKLY because im gonna go to the dealer in like and hour to sign. came back home for dad to look over and want to kno if u guys think its good? thx.
  • pbs0626pbs0626 Posts: 18
    Hi Ganandorf,
    From personal exp and what I've seen on this board, you would be strongly advised not to put down such a large amount on a lease. If you were to total/wreck the car, you would lose all that money. Where purchasing, you would have paid down on the vehicle. Also, I was told once that on average, $1K will reduce your payment around $40 or so. Guess it depends on everything involved. Don't focus so much on payment, make sure you are getting the competitive money factor and residual for the car. Car_man usually posts the current lease factors so you can make sure you are getting a good deal.

    Post the money factor and the residual, along with the selling price and MSRP, and you can get some better feedback about the deal. If you don't know those numbers, I highly recommend you find out before buying.

    Good Luck!!!
  • If I can get the leasing numbers for September, I'd really appreciate it. I've seen a book in the dealerships, that had a bunch of lease factors and residuals. They said they change each month. They had them plotted for the whole year ahead of time. One of the sales managers showed it to me. The numbers were considerably higher than you show. Are their numbers just manufactured or is it different in each market? I'm in San Antonio, TX. Can you help me Car_man?
  • kayyoukayyou Posts: 1
    Offer was for $290 a month, no money down, factor 0.002

    36 month lease, 12K , residual 12800

    CARMAN help, must decide b4 Labor day
  • mikey08mikey08 Posts: 5
    Just got out of my "fair" condition 05' Altima 2.5s lease, that was 4000 miles over my 36 mo, 12k lease and am now into a 36 mo, 15k lease of an 07' Altima 3.5se with sport package for no money down, $375.00 total a month. Dealer bought out my 05' Altima for $12,900. I think I did pretty good though the payment is a little high.
    This board has been a huge help to me, Thanks!!

    Mikey
  • um, well, we close the deal at 3 gs down payment to the altima 2007 2.5s at 230 a month with abs and convience package. i kno i shouldnt have put too much down, but my parents wanted a lower monthly payment. again, i do realize now it was prolly too much. but i wanna ask, since im not too sure of the calculations, did i get a decent deal? the only thing i had to pay were dmv fees and first month fee. came out to like 200-300 (plates not included) feeling really guilty so i was want to kno how u guys feel about the deal since the residuals for new york, westbury, should be similar to other areas?
  • and o, i had only put a deposit down so far. gonna pay full tommrow. but i did sign the lease papers, so im bound ot the lease right? honestly, my consious is hurting me now.
  • greanpea68greanpea68 Posts: 1,996
    Congratulations, Where did you end up going? Clay? The 3.5se is definately a nice car. Very Fast!!! :shades:
  • pbs0626pbs0626 Posts: 18
    Hey mikey08, Can you give more details on your deal? What was the breakdown on selling price, the money factor, residual, etc? I am thinking about this car, maybe in the next day or two. Also, does that package include leather?

    Thanks and congrats!
    -P
  • mikey08mikey08 Posts: 5
    PBS/Greapea

    I ended up going to Glick Nissan Westborough. All I can say is these guys know how to take care you. Sticker price was 26,900 ended up leaving with it that day for 24,200. I don't have the other numbers right now cause it's all in my new car back home, but my biggest issue was getting rid of the old car without getting beat down with surprise bills from Nissan. Mine only has a leather wrapped steering wheel but pretty much everything else. Great sporty car with plenty of balls, so far I would definitley recommend it. I'll post the rest of the datail on Saturday, if you can wait that long. Good luck and thanks again.
  • Car_man, can you tell me what the residual % and money factor is on a new 2008 Altima 3.5 SL, automatic, without technology package ?

    I know the Base MSRP is $28,280 plus $625 destination, total MSRP $28,905.
    Invoice Base $26,204 plus $625 destination, total Invoice MSRP $26,829.

    I need to turn in my Infiniti FX35 lease by Sept. 17th, so I am in a hurry to shop out a lease deal as soon as possible. I will be leasing it under my business (C corp) in Connecticut. Any additional info that would be great!!!

    Thanks in advance for your help!!!
  • Is it me or did someone kidnap Car_Man? and also you can go to Nissan's website they have a lease calculator there, although I dont know if it will be the same. I've seen some really great lease deals on 07's but now the lease payments for altimas kinda suck.
  • No problem, black00. NMAC's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Nissan Altima Coupe 3.5 SE with an automatic transmission and 15,000 miles per year are .00259 and 55%, respectively. The new September numbers for the '08 Altima Coupe 2.5 S with auto are .00259 and 58%.

    Car_man
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  • Hi thebordcu. You never mentioned the selling price or MSRP of the Altima 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 what car's selling price is 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 of this deal if you let me know what these numbers are.

    Car_man
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  • Hi uofmrapper. $500 over dealer invoice is a pretty good deal on a leased 2007 Nissan Altima right now. You might be able to shave another hundred or two off of this car's price, but I doubt that you will be able to get it down to the $19,300 that you mentioned.

    If you haven't finalized your deal yet, make sure that the dealer that you are working with uses Nissan Motor Acceptance Corp.'s newest buy rate lease money factor of .00155 (for a 36 month lease of an '07 Altima 2.5S) to calculate your monthly payment.

    Car_man
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  • Hi Eric. You never mentioned the selling price or MSRP of the Altima 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 what car's selling price is 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 of this deal if you let me know what these numbers are.

    Car_man
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  • Hey dexion. Here's the information that you're looking for. You never mentioned how long you want to lease this car for or what mileage allowance you need, so for now I am going to 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 3.5 SE with 15,000 miles per year are .00175 and 56%, respectively.

    Car_man
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  • Hello wysiwgy6000. The fact that you are able to purchase the new Altima that you are interested in through Nissan's VPP program enables you to get a fair price on it without having to haggle. Just make sure that the dealer that you are working with uses Nissan Motor Acceptance Corp.'s buy rate lease money factor to calculate your monthly payment and doesn't add any sort of random fees to your deal, other than NMAC's $595 acquisition fee. If you tell me the exact model that you are interested in I would be happy to ell you what its current money factor should be.

    Car_man
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  • Congratulations on getting your new Altima, crf2318. Thanks for taking the time to share the details of your deal with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealership experience with others. Enjoy your new ride!

    Car_man
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  • Hi octaron70. Nissan has one national lease program and the numbers that I have posted in this discussion are definitely right. If a dealer tells you something different they are either mistaken or trying to pull a fast one on you. I would be happy to give you an idea of what this car's new September lease program is like. You never mentioned how long you want to lease for or what mileage allowance you need, 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 SL with 15,000 miles per year are .00155 and 56%, respectively. There is no 2008 Altima 2.5 SL, but if you were to do an otherwise identical lease of an '08 Altima 2.5 S with an automatic transmission the numbers would be .00259 and 62%.

    Car_man
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This discussion has been closed.