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Nissan Altima Lease Questions

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  • jaxs1jaxs1 Posts: 2,697
    Is there any cheap extended warranty package available to cover mileage up to 45K miles (9,000 miles past the 36,000 mile bumper to bumper warranty) on a 3 year 45K mile lease?
  • steevosteevo Posts: 330
    I am surprised you havent been offered an early termination. One dealer I shopped told me to expect it with around 3-4 months left. I am currently driving a 2005 Maxima with 5 months left on the lease.
    My Maxima is a loaded SE with factory XM radio etc. Current Buyout from NMAC is already less than 19000. Maybe I have equity!.
    I have been very loosely shopping for a few months now. Seems to me that if you are looking for a better "value" lease, the Murano SL will lease better than the new Altima. The Money Factors are super low, plus there is a much greater differential between the MSRP and the actual selling prices which are easily in the Invoice + or - 500 range right now.
    I lease a lot of cars and typically unload them when they have 2 to 3 months left. In my experience, if you want to turn in early without playing the negative equity game, you are better off leasing a Competing brand. The competition has more incentive to buyout your lease to get you into one of their cars because they know that if they lose the sale eventually you will be back at a NIssan dealer to turn in your car and will end up with another Nissan. Same logic behind Nissan usually offering early termination.....that prevents you from shopping other brands and just turning the car in.
  • The competition has more incentive to buyout your lease to get you into one of their cars because they know that if they lose the sale eventually you will be back at a NIssan dealer to turn in your car and will end up with another Nissan.

    I'm thinking the other way around (at least w/ my purchase). I got a much better deal on my '05 Altima trade in value from a Nissan dealer than a Honda dealer.
  • I checked out the camry and accord. The SE V6 camry is pretty quick and looks sporty. The accord coupe V6 looks kool as well, but I found the altima to be more technologically advanced, keyless entry,push to start,back up camera not to mention touch screen nav.
  • Hello trazak. Through December 3rd, Nissan's buy rate lease money factor and residual value for a 39 month lease of a 2008 Nissan Altima Coupe SE CVT with 12,000 miles per year are .00259 and 55%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Here you go, cnote2. Through December 3rd, Nissan Motor Acceptance Corp.'s buy rate lease money factor and residual value for a 36 month lease of a 2008 Nissan Altima Sedan SE with an automatic transmission and 12,000 miles per year are .00239 and 60%, respectively. The numbers for an otherwise identical 39 month lease are .00249 and 59%.

    NMAC's buy rate lease money factor and residual value for a 36 month lease of a 2007 Altima SE with 12,000 miles per year are .00175 and 56%. The numbers for an otherwise identical 39 month lease are .00205 and 55%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Jay . The money factor that you were quoted is way out of whack. If your credit is in good shape, you should be paying more like .00249 (through 12/3). Make sure that the dealer you are working with uses this factor to calculate your car's monthly payment. If they won't take your business to a different dealership that will be more straightforward with you.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Welcome z28_2000. Through December 3rd, Nissan Motor Acceptance Corp.'s buy rate lease money factor and residual value for a 36 month lease of a 2008 Nissan Altima Sedan 3.5 SE with an automatic transmission and 12,000 miles per year are .00239 and 60%, respectively. The numbers for an otherwise identical lease of a 2007 model are .00175 and 56%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Here's the info that you're looking for, jaxs1. Through December 3rd, Nissan Motor Acceptance Corp.'s buy rate lease money factor and residual value for a 24 month lease of a 2008 Altima Sedan 3.5 SL with 15,000 miles per year are .00239 and 68%, respectively. The numbers for an otherwise identical 36 month lease are .00239 and 59%. At lease signing you will have to pay 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 that you don't roll into your car's capitalized cost.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man,

    Your recent posts give NMAC rates through Dec 3 but since that has passed, I am curious what the new ones are. I would be looking at an 08 Altima 2.5 or a 2.5S with 12,000 miles for a 24, 36, or 39 month lease. What would the money factor and residuals be for those scenarios? Is it still possible to lease an 07 if they are in stock? If so, could you post those numbers for the same scenarios?

    (Please also see my post regarding the Dodge Nitro lease rates in the Dodge Caliber or Jeep Liberty forums...). I am looking to get a new car asap so a quick response would be MUCH appreciated. Thanks so much - you rock!
  • greanpea68greanpea68 Posts: 1,996
    Your recent posts give NMAC rates through Dec 3 but since that has passed, I am curious what the new ones are. I would be looking at an 08 Altima 2.5 or a 2.5S with 12,000 miles for a 24, 36, or 39 month lease.

    First off you won't get a better deal on a 2007 because it is a year older and the residual value will be higher.

    National add for Nissan on the 2008 2.5S Altima sedan ... autow/ splash and matts

    $2,999 down $239/mo for 36 months plus t,t,l.... :)

    GP
  • brockpbrockp Posts: 11
    Anyone have the current MF for a 2.5 SL 36 month lease at both 10k and 12k miles annually?

    Thanks.
  • Went to dealerships in South Florida, checked out a Nissan 2.5 with the SL package. I've been provided with a quotation from the dealership (on a 'per month' basis), but I haven't yet received details on what numbers the dealership used to arrive at the monthly cost. Here's what I know

    2008 Altima with SL package
    15,000 miles per year
    Zero dollars down
    For 39 months: $351 per month + tax
    For 36 months: $363 per month + tax

    I did my own calcs assuming a MF of 0.001 and residual ranging from 0.6 to 0.54 (I assume the residual based on 15K per year will be around 0.55 or so), and the invoice based on this particular package and the KBB invoice value of $23,500 and came up with about 360-370 per month (including 6.5 pct tax...this equates to 337 to 350 per month before tax).

    Car_Man: Please take a look at these numbers and tell me if they seem reasonable based on what you know.
  • Greetings:

    I recieved the following offer today:
    Altima Coupe 3.5SE (Fully Loaded)
    36 months 12000, miles per year
    MSRP: $ 32250
    Selling Price: I am not sure, guessing less than $32250
    Total Out the Door/Drive Off fees: $1500 + First Month payment $ 410 ($1910)
    Monthly payment: $ 410

    CarMan and others, please let me know if these number are good. Thank you.
  • I received an offer on a 2008 altima 2.5s coupe. 39 month lease with 12,000 miles per year. $0 down, no security deposit, sales tax paid for by nissan. The monthly payment is $379/month. The only thing due up front is the first months payment. Is this a good deal?
  • Got an Altima today - overall, it was an excellent experience. Coral Springs Nissan, sales person was Gary Sang. This was my first ever car lease (never purchased before, either) and the experience exceeded all of my expectations. Here are the details of the deal I got:

    2008 Altima 2.5 with SL package
    Got tinted windows thrown in for free
    36 month term, 15,000 miles per year, $0.15 per mile overage
    Capital Cost: 24,400
    Acquisition and doc fee: 1,190 total (each was about 595)
    Net capital cost: $25,600
    MF = 0.00175 (I qualified for Tier 1 credit...if I didn't MF would have been 0.00184 or higher)
    Residual = 60%
    No money down
    OTD price: $373 (first month's payment plus tax)
    Monthly payment: $351 + 6.5 percent sales tax

    If you're in South Florida I would highly recommend this dealership. Did the entire negotiation via e-mail, and there were zero surprises when I got to the dealership - spent about 1 hour total there to inspect the car, get credit checked, and sign the papers.
  • Hey all...I'm looking to lease a 2008 Nissan Altima. There is a national "Year End Sales Event" campaign going on for a 2.5S, $199/month with $2,999 down. My car just kind of crapped out on me so I need to get a new one quicker than I thought, and I don't have a ton of time. Is this a good deal? If I wanted to put less down how would that affect the monthly, or is it even possible? In other words would putting less down void the deal they're offering? And similarly if I wanted a few upgrades could I work off of that deal as a starting point? Do I even *want* to? What's the current money factor on this car?

    I'm confused out here in Chicago...help!!!
  • jakegoodman,

    I went to mid city Nissan - traded in my 2001 toyota corolla with 71K (base model no options) - gave me $3000 for trade in, put $500 down including first month payment, and got lease for $230/mo x 36months for 2008 Altima 2.5 S with tech/ convenience package. Got them to throw in first oil change, clear coat paint protection every 6 months x duration of lease.

    I'm not sure if this is a great deal - can others comment?
  • Can anyone post the numbers for a 2008 Altima Coupe 3.5 with Premium Package? Looking for 24, 36, and 39 month numbers for both 12k and 15k miles per year. Thank you.

    Dan
  • sorry no tech package - just convenience package.

    I went to mid city Nissan - traded in my 2001 toyota corolla with 71K (base model no options) - gave me $3000 for trade in, put $500 down including first month payment, and got lease for $230/mo x 36months for 2008 Altima 2.5 S with convenience package. Got them to throw in first oil change, clear coat paint protection every 6 months x duration of lease.

    I'm not sure if this is a great deal - can others comment?
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