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Nissan Altima Lease Questions

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  • ebettyebetty Posts: 12
    36 MOS
    395 PLUS TAX (6.75%)
    $1000 TOTAL DUE
    33355 MSRP
    30657 SALE PRICE
    60% RESIDUAL
    .00191 MONEY FACTOR

    for
    2009 Altima Sedan 3.5 SL
    Technology Package
    Vehicle Dynamic Control

    $1000 down, 36 mo, 15k/


    Hi Car_man- can you advise on this?

    This is the new offer:
    same car/residual & money factor as above, but now:

    $650 down (which covers the 1st payment), 39 mo, 15k/yr- payment is $440/mo
    Plus, they pay me $2000 now to get out of my lease early (which will be about $1100) and if the promotions are better in Nov, I get those.

    Any gotchas? Looks good to me!
  • syrsyr Posts: 10
    Just signed my lease today.
    09 Altima 2.5S with the SL package, MSRP $26155, 36month/15k miles, $0 drive off, $325.00 a month :)
  • Syr, not enough info! Selling price, Equipment? State/Tax? Money Factor? Residual? Trade? Cap cost? etc.
  • ebettyebetty Posts: 12
    Does anyone know what the new lease incentives are for Nov on the Altima 3.5 SL? Dealer cash, money factors,etc
    Looking at 15k/yr, 36 or 39 mo

    Thanks!!
  • not a bad leese good luck nissans are grate cars you will love it have a verry good day and thankyou for reading Marco.
  • So, I'm looking to see if I should be kicking myself or not on my above Altima deal. Nissan should have announced the new November programs today.

    I heard from an unsure finance guy that he thought the Tier 1 money factor on Altimas was going to drop from .00191 to .00174, but that along with that you lose a point of residual, making it pretty much a wash vs. October rates.

    Can anyone confirm or deny these numbers? What about other rebates, etc. Any customer cash being thrown out, applicable to leases?

    Car_Man, I guess I'm looking to you on this one!
  • my lease on my current '07 2.5 SL Altima is up on dec 9th so now i have to move quick!
    im getting numbers on a new
    '09 Altima 2.5 SL
    with Connection Pkg
    (FYI:they took the dual temp. control away from the basic SL pkg!)
    im getting
    1st payment + tag
    39/12k 339+tax (6%)

    considering i got my '07 right when it came out im paying $352.90 for 24 with 2k down.. the rates weren't all that great when they first came out.. but i think the new deal is even higher? HELP PLEASE!!
  • Hi car_man and everyone else! I am new to leasing and I know there is a formula to calculating a lease payment, but I couldn't find it on the site so I was hoping someone could help me. I am looking for an Altima coupe 2.5S, CVT with convenience package. I spoke with a dealer who offered a 2008 with a selling price of $22,097. He quoted me $354 a month for 39 months/12k with $650 (1st payment, document fees, plates) out of pocket. This seems a little high to me, especially for a 2008. I would prefer a 2009 and a 36 month lease. Can anyone advise me on this? Also does anyone know how much more the convenience plus package is? I'm in Ohio (in case that makes a difference).
    Thx in advance!
  • ebettyebetty Posts: 12
    Got the deal I posted above, plus they sweetened it to $429/mo.

    Thanks everyone!
  • You're very welcome, ebetty.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Congratulations on getting your new car, brott8. NMAC's 36 and 39 month money factors for it are exactly the same, but the 39 month residual value is 1% lower.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Congratulations on getting your new rides, careyd. Even if they are a step down, getting a new vehicle is always exciting...at least for me. Thanks for taking the time to post such a detailed description of your deal. If you'd like, you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride :shades: .

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi ebetty. This looks like a good deal to me. You negotiated a solid discount and the dealer used NMAC's buy rate lease money factor to calculate your monthly payment. Enjoy your new car!

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi again ebetty. Oh, I thought that you had already pulled the trigger on your new Altima. I guess not. Here's the latest info for you. Nissan Motor Acceptance Corp.'s November buy rate lease money factor and residual value for a 36 month lease of a 2009 Nissan Altima 3.5 SL Sedan with 15,000 miles per year are .00174 and 60%, respectively. The number factor is the same for an otherwise identical 39 month lease, but the residual value is 59%.

    Nissan is not providing any customer or dealer cash incentives on the '09 Altima this month, but it is running a stair-step program that provides dealers with a special cash allowance that escalates as they sell more units. This will only amount to a couple hundred dollars, but it might motivate dealers to take thinner deals than they normally would to hit their objectives.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • What you heard is correct, careyd1. The Altima's money factors are better, but its residual values are slightly worse in November, making things basically a wash. You are actually better off if you finalized your deal at the end of November. Nissan was running a special $500 bonus cash incentive on the '09 Altima then that has since expired.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi michelle86. The best way to tell if you are getting a good deal on a lease is to look at the selling price that you are being charged in relation to either its full MSRP or its dealer invoice price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what this number it, it is difficult to tell how much room there is to negotiate. If you share this information with us, I am sure that either myself or another helpful community member will be happy to give you their opinion on this deal.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • ebettyebetty Posts: 12
    Hi Car_Man
    I did pull the trigger last week. This is what I got:

    2009 3.5 SL with VDC and Tech pkg, 39 months, 15/k yr
    $650 down which includes the 1st payment, $429/mo

    $2000 back from the dealer in the form of a check. Apparently they are losing about $300 on the deal, or so they say. They did mention giving the stairstep to me.

    Thanks
  • Thanks Car_Man. There is definitely an excitement that comes with getting a new car, no matter what it is. I am really enjoying both the Altima and the Matrix. Also enjoying the better gas mileage in the Altima vs. my previous X5. I'm not quite getting EPA ratings just yet but the car only has about 150 miles on it! As the engine breaks in I actually expect my highway mileage to exceed the 31MPG EPA rating, as is the case with several Altima owners I know.

    They each reported a bump in fuel economy at about the 2000 mile point as the engine broke in, but then another 2-3MPG boost in fuel economy at about the 10,000 mile point that took it over the top!
  • Thanks again Car_Man. I did indeed finalize my deal on both cars on the last day of October. Just one point on the $500 cash incentive that they had in October...that was not available to lease buyers, from all points I investigated.

    From a purely financing point of view, Toyota had better deals in October (and, I think, still now in Nov.), and I did indeed look at Camry. However, both my wife and I just liked the Altima a little better. It had a certain little extra 'youthful-ness' to it's design. She thought the Camry seemed really 'middle-aged'.

    Perhaps it's us trying to hang on to some little edge as we're now 41 and 39, with two little kids...I guess we ARE middle-aged! LOL! This, of course, was just a personal thing and shouldn't reflect on anyone else's decision-making.
  • Hi shamme. The following articles that are available here at Edmunds.com contain all of the information that you will need to get a good deal on the vehicle that you want to lease: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Check them out and let me know if you have any specific questions.

    Car_man
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This discussion has been closed.