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Nissan Altima Lease Questions

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  • gooddeal2gooddeal2 Posts: 749
    thanks. I think it's a great price. I'm thinking about leasing as well but I only want to lease for 24 months.
  • Welcome to the Infiniti (notice the i, not a y) family. Once you get a G its tough to get something else. I will be leasing my fourth within the next year. FYI unfortunately Infiniti does not offer the Bose stereo on the G25 since there is no premium package available.
  • 2010sr2010sr Posts: 8
    Hi kingpcgeek

    The horrible people at Atlantic Nissan in West Islip, NY did me a tremendous favor by demanding more money for the altima. If they didn't do that, I would have never gotten my BEAUTIFUL G37x! It is beautiful through and through, I only wish I could have afforded the nav. The screen is there, they all have backup cameras, I didn't think it would be so expensive (another $80). Mine is Blue Slate with a creamy stone interior. If it were a man I'd marry it! :D he he he
  • Hello! This is my first time posting. I have a question about brake repairs for my Nissan Altima that is going back in the next three months!

    I definitely need brakes. I was quoted $545 to replace the brakes at the dealership. The rep at the dealership said it was important to get factory brakes, especially since I would be turning the car in soon. Apparently he said it makes a difference at lease turn in.

    Is this really necessary though? If I can find a good shop, like a good mom and pop shop to do the brakes for me, isn't that good enough? Will Nissan actually inspect my car and although the brakes are good, if they are not factory brakes, hold it against me?

    I am trying to save up to buy a car when I turn this one back in (I don't plan on picking up another car note) so I don't want to give away unnecessary money that can go towards the upcoming purchase. I also however don't want to have to give the dealership money when I turn in the car either for something I could have gotten fixed beforehand. I am already getting body work done, tires, etc.

    Any suggestions are appreciated, thanks!

    My Nissan is a 2008 Altima S.
  • kyfdxkyfdx Posts: 28,456
    Get your brakes fixed anywhere you want... Everything the service advisor said is either inaccurate or a lie... No one checks your brakes..

    Contact your leasing bank for information on turn-in. It's quite possible that they will use an independent inspector, and the dealership will have nothing to do with your turn-in, except accept the car and the keys. Also, before you spend money on tires, find out what they charge for worn-out tires.... Sometimes, the penalty is less than your replacement cost. Also, your tires might just pass inspection..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Thank so much for your response!

    I guess I am a little confused, because from the research I've done online, it says they will have someone come out (or when you turn in the car) that they will do a multi-point inspection, and whatever things are wrong with the car, they may try to charge you that in fees.

    The brakes AND tires unfortunately aren't in the best shape (the brake pads have worn down) and the tires had their tread messed up pretty badly when I caught a nail driving but drove on them a little too long. So I figured I would at least get those done.

    I will call the financing company and ask those questions you suggested. Thanks so much!
  • Nissan will send you a letter soon detailing the lease turn-in conditions and inspection. It will be a third party, dealers don't do lease turn in inspections. They are looking for body, interior and glass damage, tire tread life and wheel damage if so equipped. The one thing they seem to ding a lot on is scratches on alloy wheels from curbs. The letter will tell you exactly how much tread must be left on the tires. They will not look at your brakes.
  • I was at the dealership today and looked at a 2011 Altima Coupe 2.5 that had an MSRP of 25800. It included the convenience package and floor mats. I was able to talk the salesman down to 22750.

    MSRP 25800
    Sale Price 22750
    Money Factor .00187
    Residual 54%
    39 month lease with no money down for $346 a month

    Does this look like a good deal? I told the salesman I would think about it and get back to him.
  • Hi kev_head. The money factor that you were quoted is right in line with Nisan's current program for this car. That is a good thing.

    Let's take a look at its selling price. The car that you are interested in has a spread of around $1,500 between its full MSRP and its dealer invoice price. In addition to that, Nissan is providing a $500 cash incentive on it on deals that are run through NMAC and an additional $500 bonus cash that started a few days ago and runs through the end of the month. That's a total of $2,500 to play with during your negotiations.

    The $3,000 discount that you were quoted on this car looks very attractive to me. I personally don't see any reason not to go for it if you like the car. Just make sure to finalize your deal this month to take advantage of the extra $500.

    Car_man
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  • Hello,

    I have 3 months left on my 39 month lease of a 2008 Altima Coupe. I'm considering doing an early return and replacing it with a 39 month lease on a fully loaded 2010 Altima Coupe 3.5SR. Do you know if they'll try to penalize me for the early return? Also would you happen to have the December money factor and residual on the 2010 3.5?

    Thank you so much!
  • Thanks for the info Car_man! I went back to the dealership and pulled the trigger on it. This forum has been a huge help for me leasing for the first time.
  • Hi there. we are looking at a lease for a 2011 Altima 2.5S with the convenience Plus package + bluetooth. Was wondering if the lease price was good since I've never leaseed before:

    $2200 down ( becomes 0 with our trade-in) + 265 per month @ 12K per year for 39 months.

    The 265 is inclusive of taxes & fees.
  • Hi surreal_ca. Chances are that NMAC will charge you the remaining three payments on your current lease regardless of when you turn your car in.

    Nissan Motor Acceptance Corp.'s December buy rate lease money factor and residual value for a 39 month lease of a 2010 Altima 3.5 Coupe with 15,000 miles per year are .00132 and 50%, respectively for consumers who qualify for its top credit tiers.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • You're very welcome, kev_head. I'm glad that I was able to help you out.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • uzmauzma Posts: 1
    I just leased 2011 Altima 2.5 special edition (few upgraded features, no blue tooth thoug) for $225.00 with $500.00 down (which included the first months fee) for 39 month & 15K (instead of 12K)
    May be yours is bit more upgraded as mine doesnt have the leather seats or ipod or iphone feature. (just input for Aux) but with 2200 down, $265 seems a lot.
  • ddeliseddelise Posts: 339
    Hello.

    What is the current residual and money factor for a 3.5SR Sedan in Florida for 36 or 39 months, 12k miles/year? If the rates are attractive, between the VPP program with employee pricing and the holiday bonus cash, this might be a very good lease payment.

    Let me know if the rates vary with/without a Nav system - I'm undecided at this point.

    Thanks!
  • Hey ddelise. NMAC's December buy rate lease money factor and residual value for a 36 month lease of a 2011 Altima 3.5 SR Sedan with 12,000 miles per year are .00153 and 64%, respectively.

    The numbers for an otherwise identical 39 month lease are .00153 and 63%.

    The addition of nav should not have any impact upon this car's lease program.

    Car_man
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  • tjinvatjinva Posts: 23
    Please advise as to the current residual and money factor for a 2011 Nissan Altima 2.5S based on a 39 month lease and 45K miles.

    I am looking at getting one with a MSRP of 30860 - a pretty loaded car incl navi. Does a car with more options affect the residual percentage?

    Also, I believe that Nissan is currently offering a $750 rebate or alternatively 0% financing if one purchases an Altima for an individual with excellent credit. If one were to lease the car instead of buying it would one still qualify for the $750 rebate based on the current money factor?

    Are there any other dealer rebates or consumer rebates on the 2011 Altima 2.5S at the current time?

    Thanks for your assistance with the above information.
  • Here you go tjinva. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2011 Altima Sedan 2.5S with 15,000 miles per year are .00137 and 59%, respectively.

    NMAC has three different sets of residual values for the '11 Altima, the base, S, and SR. The addition of any other options has no impact upon this car's residual values.

    Nissan is not currently providing any cash incentives on leases of this car.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • czcon1czcon1 Posts: 22
    edited January 2011
    I'm looking for the current money factor & residual % for 2011 Altima sedan 2.5 and 3.5 for 36 months at 15000 miles a year. Also is the $1250 cashback for leases?
    Thanks
  • czcon1czcon1 Posts: 22
    Narrowed it to the 2011 Altima sedan 3.5SR. Could use the money factor & residual % for 15K a year for 36 to 48 months. :shades:
  • Hi czcon1. Here's the information that you're looking for. Nissan Motor Acceptance Corp.'s January buy rate lease money factor and residual value for a 36 month lease of a 2011 Altima Sedan 3.5R with 15,000 miles per year are .00137 and 61%, respectively.

    The numbers for an otherwise identical 48 month lease are .00215 and 48%.

    As you can tell, the 36 month term is definitely the better deal.

    Car_man
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  • czcon1czcon1 Posts: 22
    I was wondering, I just got all three credit reports and two credit scores and the scores say I'm above average but not the best. Will I still qualify for those rates? I just don'nt want to listen to someones BS about my credit.
    Thanks
  • Hi czcon1. One needs to have a credit score of 690 or higher to qualify for NMAC's best special rates. If your score is lower than that you will have to pay a slightly higher rate than the ones that I've mentioned.

    Car_man
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  • cg62cg62 Posts: 8
    Leased 2011 altima coupe 2.5s on January 30. Crimson black with CVT . sticker price $24,700 only options were blue tooth and floor mats. 39k miles 39 months. Due at signing first month payment and motor vehicle fees totaled $560. dealer is paying off my last 2 payments on my jetta Total $560. Net due at signing $0. My monthly payment on the Altima is $294. Seemed like a good deal. Hope this is helpful.
  • Coming out of a 2008 lease on 2/28/11 and looking to secure a new vehicle. I'm considering a 2011 Altima Sedan 3.5 SR. Can you please provide the current money factor and residuals for 36 and 39 mo leases at 20K miles/year?

    Is Nissan offering any cash incentives, bonuses, etc for Feb 2011?

    Thanks in advance.
  • tinkerbell2011tinkerbell2011 Posts: 6
    edited February 2011
    I have been negotiating with a couple of dealerships about a 2011 Altima 2.5S with SEP and mats thru TrueCar.com. I have the selling price of $21,419 (MSRP $23,755), residual of .60 ($14,253), money factor of .00097, 7% sales tax with a $1,500 loyalty rebate. Could someone figure my payments? Using the calculators online, the dealership has it figured $30-40 more than I have it figured. I've asked for all "hidden" added costs. He just told me the acquisition fee wasn't included although it is on TrueCar. When I use the calculator for the Kia Optima with the numbers from the dealerships, I come out just a few dollars off. I cannot understand why it doesn't with the Altima.

    Thanks!
  • Here's the information that you're looking for jeep097.

    NMAC's February buy rate lease money factor and residual value for a 36 month lease of a 2011 Altima Sedan 3.5 SR with 15,000 miles per year are .00097 and 61%, respectively.

    The numbers for an otherwise identical 39 month lease are .00097 and 60%.

    15,000 miles per year is the highest mileage allowance that NMAC publishes residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    Nissan is currently providing a $1,500 loyalty cash incentive on leases of the 2011 Altima Sedan to current NMAC lessees. Make sure to take this cash into account during your negotiations.

    Car_man
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  • Hi tinkerbell2011. Using the numbers that you provided in your post, I come up with a zero down, pre-tax monthly payment of around $234 before the loyalty cash is taken into account. If I subtract the $1,500 from this car's capitalized cost, the payment drops to around $191.

    Car_man
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  • Thanks Car_man. I have two different Nissan dealerships quoting me about $237 with the rebate. I keep telling them it looks like I'm not getting credit for it. When I run the numbers for the Optima, I'm almost to the penny.
This discussion has been closed.