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Nissan Altima Lease Questions

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  • You're very welcome, cmyawn.

    Car_man
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  • Hi tasteckler. The money factor that you were quoted for these cars is right in line with Nissan Motor Acceptance Corp.'s buy rate for them. That is a good thing.

    The other important number to focus on when leasing is your vehicle's selling price. Let's take a look at them. You were quoted a dealer discount of around $1,700 on the first car and of around $1,900 on the second car. Both of the selling prices that you were quoted appear to be below dealer invoice, which is an excellent deal.

    Both of these deals look very attractive to me. If you like these cars, I personally don't see any reason not to go for it.

    Car_man
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  • As they say on sports talk radio, welcome aboard Newport5003. Since you have been helpful enough to provide all of the necessary data (most importantly this car's MSRP and selling price) I would be happy to work up a sample lease payment on the car that you are interested in for you.

    According to my calculations, if you were to lease a 2009 Nissan Altima 2.5S CVT Sedan that has an MSRP of $22,545 and a selling price of $18,936 through Nissan Motor Acceptance Corp. right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $208. The payment for an otherwise identical 39 month lease would be $201.

    Car_man
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  • Hi lotuspeddler. As far as the fees that you will have to pay on this lease goes, Nissan Motor Acceptance Corp. charges a $595 acquisition fee on every vehicle that it leases. I believe that it is waiving its security deposit requirement on the 2009 Altima right now. NMAC just started charging a disposition fee on leases a couple of months ago. I believe that it is something like $350.

    Car_man
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  • Hi mirm. Since you are relatively new to 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.

    In short, the best way to get a good deal on your leased vehicle is to negotiate as low a selling price as possible on it and then have the dealer that you are working with calculate its payment using its buy rate lease money factor.

    The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. In today's environment, most consumers are able to get high volume vehicles like the Altima for around dealer invoice. You can look up the exact invoice price of the car that you want by hopping over to the New Vehicle Pricing section of Edmunds.com.

    Once you have negotiated a selling price that you are comfortable with, have the dealer calculate your monthly payment using Nissan Motor Acceptance Corp.'s current buy rate lease money factor of .00158.

    Car_man
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  • You're very welcome, cmyawn. Thanks for taking the time to make such a detailed post about your recent buying experience. If you have the top, make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on the dealers that you mentioned. Enjoy your new ride :shades: !

    Car_man
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  • Hi psychoboy. You definitely do not want to lease this car for only 24 months. Nissan stopped providing lease support on two year leases a couple of months ago. Its current buy rate lease money factor for that term is an atrocious .00325.

    Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2009 Altima 2.5S Sedan with an automatic transmission and 15,000 miles per year are a much more reasonable .00158 and 59%, respectively.

    Car_man
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  • There certainly is, pattyeo. You are being very smart to find out exactly how leasing works prior to visiting any dealers. You definitely should check out the following informative articles that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Car_man
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  • No problem, pax4. I'm glad that I was able to help you out.

    Car_man
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  • What were the Net Cao Cost Reductions to get to the Lease Price of $18,936.00?
    I'm negotiating at this time for a 2009 Nissan Altima S, Automatic Transmission and Radio/CD and my quoted Lease price is $20,909.26 for 36 months and 12000 miles. (Ira Nissan/Tewksbury, MA) Money factor is .00158
  • cmyawncmyawn Posts: 36
    Just saw this online today:

    $1,000 Holiday
    Bonus Cash***
    for well-qualified buyers

    *** Holiday Bonus cash back when you purchase a new 2009 Nissan Altima Sedan from new dealer stock. Offer ends 2/16/09. Holiday Bonus Cash can be applied to retail and lease sales and can be combined with existing Customer Cash, or NMAC Special APR, or may be combined with NMAC Lease. See Retailer for details.

    $%#!&* now I am kicking myself for leasing on 1/30/2009.
  • Looking to Lease 2.5 SL Altima for 39 months with 15,000 miles in the Boston Area.
    MSRP about $26,600 and nego price is $25,900.
    Have been quoted $300 month with first month plus $300 in Document fees due upon signing.
    Anyone know how much more room is there in this price?
    Are Document fees negotiable?
    Is there an Acquisition and Turn In Fee or is this included in lease?
  • The non-negotiable acquisition fee should be included in your lease. (If they are saying only first payment and doc fee are due at signing). Doc fee is a made up way for dealer to make more profit. Almost every dealer has it. You can refuse to pay it and they can refuse to sell you a car. I would tell them XXX dealer's doc fee is only $120 and that is what you would be willing to pay. Nissan has now included a disposition fee in their leases. I think it's $350? Not sure. That is required at lease end. I think $700 off MSRP is ridiculous. Should be WAY under invoice. You should be able to lease this car for $270 at the most.
  • ga40ga40 Posts: 4
    I leased a 2.5S with SL package for $292 including TTL ( I am in a 7% tax county in georgia). You are right there is a lease end disposition fee which Nissan added in feb and is $395. Seems like that is non-negotiable.
  • I will be closing out a lease on my 2007 Infiniti G35 Coupe in the end of April.

    The thing is...I want to jump over to the Nissan Altima. I need a bigger vehicle, more trunk space, and a bit better gas mileage.

    I don't need anything fancy with the car. Just looking for a 4 door, automatic, 2.5S...all the bells and whistles are not necessary.

    My first question would be...does anyone know of any loyalty incentives if I am switching from Infiniti to Nissan? Obviously not the same make, but within the same family. Has anyone ever heard of any kind of incentives for something like this?

    Secondly, is there any kind of way to end my lease early and jump into an Altima lease now? Would I be hung out to dry on the remaining Infiniti payments? Is this something that people do/can do?

    Any insight/info is greatly appreciated!

    Not sure if it matters, but I am in the Raleigh, NC area.
  • Just leased a Dark Slate 2.5 SL last night, MSRP $26455. 39 payments of $285. True zero down. My deal was at $282 but they discounted their window etching to $114 or $3 per month. I actually saved more then that with my insurance company. Happy with the deal, probably could have beat them up for another $250 but i didnt have the time to shop multiple dealers. Nice vehicle but it will take me some time to get use to as i am coming out of a honda ridgeline. Needed to downsize, what can i say. The whole key thing or lack there of it makes me nervous, and the CVT is just insane.
  • I want to lease an Altima 2.5SL with Navigation sometime soon...I was looking at them last summer, and when I told the dealer I wanted my payment around $300 he laughed at me, but reading through this thread, it seems like it's completely doable.

    For a 2.5SL with the Technology Package, what should I be paying monthly and what would you say in regards to a down payment?

    I've been looking at Jetta's too, but they're just being decontented more and more every year. Plus, I was quoted $340 with $2000 down, which now seems high considering what I could get...

    Why are Altima's with much higher MSRP's, being priced close to or lower than a Jetta?

    Thanks!
  • Why lease w/ nav. You're paying Nissan over a grand just to use it for 3 yrs...and then that money's gone at the end of lease. Put it into a top-rated Garmin or Navigon instead.
  • I just like that it looks cleaner than having one sitting on my dash. Plus, I'd rather have it integrated with the audio and stuff...
  • pax4pax4 Posts: 9
    Car_man,
    You have no idea how helpful you and the members of this site are,. Thank You!

    I live in Florida and plan on leasing an Nissan 09 Altima Sedan in the very near future. I will be driving up to New York with it ... What is the average Dealers service reliability for a car that is leased out of a different State?
    Beside regular car insurance and the GAP insurance that you strongly advise... should I be considering any other auto insurance? Feed back for you or other members would be very helpful. Thanks
  • Is this realistic?

    09 altima SL with conv and conv+

    26,485 MSRP
    57% Residual (15,000 miles a year)
    .00158 Money Factor
    7.8% tax
    $399 Doc fee
    39 months
    approximate 400 ttl

    I want to get the selling price to 23,500 (including doc, ttl fees), which will give me a monthly payment of 298.

    Thoughts??right now they are at 24458 on the first offer to me. is 23500 realistic?
  • 288 per month, 1 month payment and dmv fees down only.
    they also ate my last 2 month payment of my current lease which ends in 2 months. also got 15k miles per year in my new lease.
  • just leased one today and got a crazy good deal.....
    $220 per month for 39 months 12K Miles, no money down, no destination fee, no doc fee, no etch/tire or other bs fee....got them all waived....

    paid just tax, motor vehicle fees and the standard acquistion/fee(only bs fee couldnt get waived, but only $495)

    hope this helps someone who is looking!
  • travdog34travdog34 Posts: 10
    Wow, great deal!

    What area did you purchase?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi travdog34. I do not believe that Nissan is currently providing any loyalty incentives for Infiniti customers to want to lease a new Nissan Brand vehicle. Nissan is not running any sort of early lease termination program that I am aware of either. If you choose to lease a new Altima now, you likely will have to pay all of your remaining Infiniti payments out of your own pocket or roll them into your new lease.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on getting your new Altima, glennjr. Thanks for taking the time to share the details of your new lease with everyone. Make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride!

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome, pax4. I'm glad that you find this site so helpful. You shouldn't have any problems getting your Altima serviced in New York even though you leased it in Florida. In fact, things are so tough for dealers right now that I am sure they would welcome your service revenue with open arms.

    Nissan Motor Acceptance Corp. requires a minimum level of car insurance on leases. You probably don't need anything above and beyond that, unless you would personally prefer to have a lower deductible. I believe that NMAC automatically includes gap insurance on leases at no additional charge.

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  • pax4pax4 Posts: 9
    Thanks Car_man !
  • travdog34travdog34 Posts: 10
    Thanks for the info Car_man.

    I have heard some of the dealers use that expression, "roll them into your new lease" what exactly does that mean?

    Also, right now I am pretty settled on getting a 2009 Altima 2.5S (Auto) that has a MSRP $22,545. I am looking for a 39month lease at 12k miles/year.

    I have seen some people post some fairly good lease agreements so the boards. What would you recommend me to shoot for for my monthly payment ($0 down) in order to get the best deal out there?

    A couple days ago someone posted they got out for $220/month ($0 down) and only got stuck with an acquisition fee. That seems like a great deal to me.

    All your help is greatly appreciated!!

    I am in the Raleigh, NC area...just in case that matters.
  • shackt65shackt65 Posts: 1
    Car_man

    Received below quote from local dealer on an 09 Altima 2.5S with Convenience Package and Connection package floor mats and splash guards.

    MSRP $25,005
    Savings $3,253
    Internet Sales Price $21,752

    Price looks pretty good however I am looking to lease for 39 months, 15000 miles no money down. Dealer state lease program just changed, any idea what a lease payment would be?

    Thanks,
    Shackt
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