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Nissan Altima Lease Questions

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  • Hi. I am semi new to the world of car dealers and their games, and need some advice on leasing an Altima Coupe 3.5, with the technology and premium packages. Are people succesfully getting these cars at invoice? The MSRP at dealers in my area (NJ) seems to be around 32,000. For a 36 month 15K lease, where are people finding their monthly payments? Looking to ideally put just a first month payment down to walk out the door. Just looking for thoughts, as I am not sure what to expect and would like a ballpark range before I go hunting this month.

    Thanks
  • r5020r5020 Posts: 4
    I recently leased a 3.5 SE sedan in NY with both the premium and technology packages. The MSRP was around 32K. I didn't put anything down - my lease payment is $464.70/mo for a 39 mo/48,750 mi lease.
  • Does anyone know what the current residual and money factors are for both the sedan and coupe? 36, 39, 48 months. 12k miles. Car Man?? any help is appreciated. Thank you.
  • darshdarsh Posts: 1
    any one who can provide me with a vpp number ?
    I need it to lease one asap.
  • steevosteevo Posts: 330
    Forget the 48.. post the 24 mo. instead. Considering the probable residual(70??) 24 will likely be the best deal.
    48 and longer leases are almost always pointless.
  • popny85popny85 Posts: 15
    Hi guys, I'm semi-new on the site. Is it possible to lease an Altima Hybrid? If so, what are the residuals and money factor rates going on right now? Thanks
  • I'm looking at the 2.5S Coupe with the convenience package and a moonroof. Cloth interior. I was offered a 36 month lease @ $299/mo. out-the-door with 4K down. I have great credit as well. It seems like a decent deal...I'm in San Jose, CA. Can I get your opinions? I have an appt tomorrow and if all goes well I may drive off with one!

    Thanks! :)
  • I think that's a [non-permissible content removed] deal, man. What's the MSRP on the car? Isn't a 2.5S with convenience package around 23 grand? 300 is an insane amount to pay a month because of the 4k you are putting down. Am I wrong here? I think you could negotiate a way better deal.
  • Hey sprinkler13. Through February 4th, Nissan Motor Acceptance Corp.'s buy rate lease money factor and residual value for a 36 month lease of a 2008 Nissan Altima Sedan 2.5 S with an automatic transmission and 12,000 miles per year are .00140 and 61%, respectively. The numbers for an otherwise identical 39 month lease are .00150 and 60%. Don't bother with a 48 month lease. Nissan is not providing support on 4 year leases of this model.

    NMAC's current numbers for a 36 month lease of a 2008 Nissan Altima Coupe 2.5 S with an automatic transmission are .00242 and 58%. The 39 month numbers are .00285 and 47%. The 48 month numbers are .00285 and 44%.

    As you can see, the Sedan's lease program is much more attractive (but in my opinion the Coupe is cooler ;) ).

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Welcome popny85. Yes, one can lease an Altima Hybrid through Nissan's captive finance company. This car's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, 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. NMAC's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Altima Hybrid with 15,000 miles per year are .00249 and 55%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey Car Man, question for you...I'm not too well schooled on all the residual value/leas money factor stuff but I am very interested in leasing a hybrid. What am I looking at for the following needs:

    Lease term: 39 month

    Miles needed per year: 12,000 or 15,000

    Model: Hybrid, completely loaded, MSRP 32,000 I believe.

    Trade in value: 0

    Deposit: $3000

    I'd like to know both what I'd be paying a month and how much my monthly payment decreases with each additional $1000 (past the $3000) that I would put down.

    Thanks!

    brendan
  • ajpbf7ajpbf7 Posts: 63
    Hi Carman,

    Could you please provide the MF & Residual for 24 & 36 month term on the 2.5S Altima Sedan with CVT? Mileage would be 10 or 12K per year. Thank you.
  • ajpbf7ajpbf7 Posts: 63
    I see Nissan is offering consumer cash of $1000. Can this be applied to a lease or purchase only? Thanks again.
  • Hello - I am pretty close to locking a deal and could use some feedback. Let me know what you think....

    Details
    2008 - Altima 2.5S w/ SL Package
    (Includes other minor misc options - Emerg. roadside kit, wind deflector, etc.)
    Lease Term: 24 Months
    Total Out of Pocket Down: $2,423
    Monthly Payment (inc. tax): $254
    Mileage: 12k/annually

    This includes a single tire replacement and free oil changes for life of lease.

    Sound reasonable?
  • Save your down payment. Go with a higher monthly payment and keep your cash to offset the increase. If you total the car, your insurance company will only payoff the lease balance and you will lose your equity. For example: put $2,400 down and pay $254 per month. Total the car in month 12. You lose the entire $2,400. Put $0 down and pay $100 more or $354/month. Total the car in month 12. You lose only $1,200 and have $1,200 for your next car.
  • steevosteevo Posts: 330
    Sounds good. To know for sure, what is the MSRP, whats the Selling Price, or Capitalized cost of the vehicle?
    Whats the MF?
    Residual? I think its 70%
    Whats the breakdown of the up front, first, tax, other?
  • Steevo -

    It is like pulling teeth to get this information from these guys. I have the salesman working on it. From what I understand (and anyone can tell me if I am wrong) is that if you are going with NMAC (Nissan Finance) MF and Residual are pretty standard. Still want to know what they are though.

    Up front is Tax, Bank Fee, Motor Vehicle Fees, 1st Month Payment.

    I am working to get the exact numbers on everything to see what I am applying as a cap cost reduction. Will let you know once I have everything.
  • steevosteevo Posts: 330
    Your up fronts sound like there is also a payment to reduce the monthly. I only need the MSRP and the selling price to asses this deal.
    The Residual is 70% and the MF I think is .00140.
    There should be no teeth to pull to get the MSRP and Selling price of the car you are leasing......
    The payment seems low but there is probably a cap cost reduction you are paying up front...
  • Steevo -

    MSRP is $25,775
    Selling Price (Car w/options and destination fee) is $23,770

    For reference, Invoice is $23,975
  • steevosteevo Posts: 330
    Ok, I am not a dealer. But I have been shopping these cars and ran the numbers myself. It looks to me like they added 1000 to your upfront costs..Or the Tax is really in the upfront fees..Or both. So the 2400 up front has a large component that lowers the monthly.
    Still, the numbers are pretty good. You COULD get a few more hundred off the price if you shop it a bit, but if you like the deal you arent being ripped off. They are just moving the money around. You could have them put 1000 back into the monthly and still be under 300. Or easily get 15000 per year instead of 12000.
    Good Luck!
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