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Nissan Altima Lease Questions

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  • Hi everyone. Thanks to all those who contribute, this form and site has been so helpful to me over the years.

    Anyway, I'm interested in a '12 Altima 2.5 S. I see a lot of incentives advertised (NMAC cash, lease cash, cash back, etc). I'm just hoping someone can explain what incentives can be used towards a lease (assuming financing through Nissan). Also, the June residual and money factors would be much appreciated (for both 24 and 36 mo's).

    I'm just trying to figure out what sort of price I should expect and then use that to calculate payments possibilities. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out jessinfl66. Nissan Motor Acceptance Corp.'s June buy rate lease money factor and residual value for a 36-month lease of a 2012 Altima Coupe 2.5 S with an automatic transmission and 15,000 miles per year are .00003 and 51%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 39-month lease are .00003 and 50%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    HA Jess. I suspected that's what you meant and adjusted accordingly.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi driver165. NMAC's June buy rate lease money factor and residual value for a 24-month lease of a 2012 Altima Sedan 3.5 SR with 15,000 miles per year are .00003 and 59%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 39-month lease are .00059 and 50%.

    This car's lease payment will depend upon what sort of selling price you are able to negotiate on it. For now I will assume that you will be given a $2,000 dealer discount and have the $1,810 cash incentive that is available on leases of this car deducted as well.

    According to my calculations, if you were to lease a 2012 Altima Sedan 3.5 that has an MSRP of $31,000 and a selling price of $27,190 through NMAC right now for 24-months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $373.

    The numbers for an otherwise identical 39-month lease would be $325.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello zarkoff. NMAC's June buy rate lease money factor and residual value for a 24-month lease of a 2013 Altima Sedan SV 4-cylinder with 15,000 miles per year are .00200 and 71%, respectively for consumers who qualify for its top credit tier.

    While this is an excellent residual value because this is an all-new vehicle, this is only NMAC's standard lease money factor. It is not providing support on this car yet.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi radbluejay1. As far as the cash incentives that are available on leases of this car go, there is $1,810 on the 2012 Altima Sedan right now. This lease cash is different than what would be available on a vehicle that was financed or paid for with cash.

    Nissan Motor Acceptance Corp.'s June buy rate lease money factor and residual value for a 24-month lease of a 2012 Altima Sedan 2.5 S with 15,000 miles per year are .00003 and 59%.

    The numbers for an otherwise identical 36-month lease are .00059 and 51%.

    Car_man
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  • Thank you so much. Is the NMAC $500 also available for leases (in addition to the $1810)?
  • zarkoffzarkoff Posts: 2
    Thank you Car-man. Are the money factor and residual pretty much the same for all the 2013 Altima's with the 24 mo/15,000 mile lease? Again, many thanks.

    Dr. Zarkoff
  • Hi carman,

    Looking to lease a 2.5S (Aniversary package) for 12000 miles, 24 months.

    1. what is the MF and residual?
    2. is there a NMAC fee due when you lease (when you return the car)
    3. dealer was telling me 4th July would have an additional $500 promo in the mix. is that true?
  • davesriidavesrii Posts: 6
    Hi Carman,
    I hope you can help me with this request, I am looking to lease 2013 Altima swdan 3.5 SL with Tech Package and have some questions
    1) Target sale price for this model ( in KY)?
    2) Money factor and residual value 12K for 36 or 39 months for June 2012?
    3) How much is the Acquisition fee?
  • jfraser98jfraser98 Posts: 1
    Hello!

    I need your assistance. I'm trading in my 2010 Nissan Murano to reduce my payment to get a 2012 Nissan Altima 3.5 (V6-Tech Package). Dealer advised I was borderline between Tier 1 / Tier 2, and offered me a 39 month lease - 12k a year - $475 (will absorb all the payments for my previous vehicle till August 2013). I test drove the 2013 Altima, but dealer advsied the one he demo'd wouldn't be available till September. I'm just trying to determine if this is a good deal or not...I would prefer the 2013, but i'm also trying to keep my payment less than $500.

    Help!
  • I have always purchased my cars in the past. This will be my first time leasing and could use some help in determine whether the following figures are a good value as well as the proper questions to ask my dealership when I return. Auto: 2012 Nissan Altima 2.5 SL. List: $28355. Customer Discount $1772. Selling Price: $26583. Trade: $0. Sales Tax: $1868.31. Doc: $197. Lien Filing Fee: $25. Registration: $211. Tire Fee: $7.50. Title: $60. Total Purchase Price: $28951.81. Terms: 39 mo. Mileage: 15K/yr. $3500 out of pocket: $3500. $211/mo. Residual: $14461.05. Thanks for any advice that you can provide.
  • derfsonderfson Posts: 13
    ADVICE GIVEN ME ALONG TIME AGO WAS NEVER PUT MONEY DOWN ACCEPT FOR THE BANK ACQUISTION FEE 595 PLUS FEES IN YOUR CASE 500 PLUS THE FIRST MONTH PAYMENT. ANY OTHER MONEY THAN THIS IS EQUITY YOU WILL NEVER GET BACK. JUST PAYING BANK ACQ. AND FEES WOULD PROBABLY PUT YOU AROUND 290. BUT YOU NEED TO KNOW MSRP, TOTAL DISCOUNTS, SALE PRICE PLUS MONEY FACTOR AND RESIDUAL AND A PRICE COULD BE FIGURED OUT. YOU CAN GET THAT FROM THE HOST OF THIS SITE.
  • pegasus17pegasus17 Posts: 536
    ref: 1604
    http://www.fitzmall.com/fitzway/carfind/RESULTSB.ASP?V_XREFID=0420891079128

    Purchase price is way too high. Should be getting 6k off msrp since the 2013 model is out. Residual % appears to be 51% but what is the money factor?
    Also, what is your state's rules on taxation on leases?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome radbluejay1. No the NMAC APR Bonus Cash is not available on leases, just on conventional loans through NMAC.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome Dr. Zarkoff. The money factors are the same for all 2013 Altimas right now, but the residual values vary slightly.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings hairmechanic. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 24-month lease of a 2012 Altima S with 12,000 miles per year are .00020 and 53%, respectively for consumers who qualify for its top credit tier.

    The last time that I checked, NMAC did charge a $395 disposition fee at lease-end.

    What you were told about the additional cash is correct. From July 3rd through July 9th there is an additional $1,000 bonus cash on '12 Altima Sedans.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi davesrii. NMAC's current buy rate lease money factor and residual value for a 36-month lease of a 2013 Altima Sedan 3.5 SL with 12,000 miles per year are .00200 and 62%, respectively for consumers who qualify for its top credit tier.

    NMAC charges a $595 acquisition fee on every vehicle that it leases.

    If I was in the market for this car right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus any available cash incentives. One should be able to get this sort of price in any area that has at least a moderate amount of competition.

    Car_man
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  • jknastjknast Posts: 1
    Hi CAR_MAN,

    I am looking to lease a 2013 Nissan Altima. To do so, I have to get out of my 2010 Maxima lease that has about 9 months left.

    I received a letter in the mail from a local dealership giving me trade in offer of $25,500 for the Maxima. This is about $3,000 over what the true trade in value probably should be. I brought the letter to the dealership and they are honoring it. However, they are saying that included in that offer is a tax credit that is built in that should be deducted to get the true offer. So, in New Jersey the tax rate is 7%, so the the true offer is the $25,500 minus 7%. Does this sound right to you? To me it seems like a scam to knock down the offer.

    Also, can you provide the residual and money factor the 2013 Nissan Altima SL (36 months/12k miles)? Is it still .002 and 60%?

    Thanks for your help with this. I've used the forums for information a lot over the years.

    Regards,
    jknast
  • Hi car man,

    I'm looking to lease a 2013 nissan Altima sedan 2.5 s. 12k/year for 36 months,
    What are the money factors and residual costs on this model for this term?
  • Can I also get the info for the 2012 model? Thank you
  • Carman - I am interested in a 2013 Nissan Altima Sedan 2.5 SL. As I would like it, the MSRP is $29,920 and the invoice looks to be around $27,300 (with destination fee). I would prefer the 2013 because of the improved MPG.

    Can you tell me what the residual percent and lease money factor rates are for the month of August on a 15K miles per year for a 39 month lease term? My lease is up January 8th, but they've offered me 3 months forgiveness off my current lease if I lease again by September 4th and $1000 loyalty cash incentive. I'm trying to figure out if now is the time to make the change. Do you think the 2013 incentives or lease rates will get better later in the year?

    Also, I have read that you should negotiate the selling price even on a lease. Can you confirm that is true?

    Thank you for helping me.
  • I just leased a 2012 Altima 3.5 SR w/ sports and premium package and carpet and floor mats for $245/mo +TTL (In Illinois where you have to pay tax on the entire vehicle price and not just the lease term) with $0 down and a $3000 trade in (for a car I've paid nothing for). This is a 39 month lease. Is this a great deal?
  • zi_rahzi_rah Posts: 2
    Hi Car_man

    Looking to see if you can provide me with the residual value and current money factor of a Nissan Altima 2.5 S Model with a lease term of 39 months 12,000 miles/yr.

    Thanks
  • hjasonhjason Posts: 1
    Same question here for me as well.
    Also, I got a quote on 2012 Altima 2.5SL with a lease term of 39 months 12,000miles/yr
    $1000 down with 250/month for the rest of 38 months (TTL included). Can I do better on this one?
    Please help Thank you.
  • zi_rahzi_rah Posts: 2
    Yea you could definitely do better I think. When I was negotiating with them they started out with $0 down and $274 a month but talked them down to $240 with nothing down. Didn't accept the offer right there because we were interested to see how much the insurance would be (came out to $130). Plus with the new 2013 models out and how different they look you would think they'd want to move the 2012 models off the lot as quickly as possible.
  • Hello Zi Rah,

    You got a great deal! Congratulations on your excellent negotiation.

    I'm going to lease a 2012 Nissan Altima 2.5s today and I would like to ask you some questoins if you can help me out.

    Can you please tell me the specs of the lease for the $240/mo price?
    * # miles per year?
    * # of months?
    * did you mean $0 down for capitalized cost reduction? or literally 0 down? The reason I ask is that most dealers usually want you to pay the following upfront:
    - First month payment
    - Acquisition Fee (usually ~ $500 an non negotiable)
    - Documentation, Registration, License, Tag, and Title Fees (usually ~ $300)

    So, I would have thought even for such an awesome deal ($240/mo), that you would still have paid ~ $1040 up front to cover the costs I listed above.

    Can you please elaborate on this?

    Much appreciated!! Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome back jknast. I'm glad that you've found this forum so helpful. It sounds like the dealer is playing games with you. There really isn't any magic way for the dealership to get you out of your Maxima lease 9 months early. Chances are if you are getting out of your Maxima that early that you will end up overpaying for your new Altima. You would be better off waiting until you are closer to the scheduled end of your current deal to get something new, if possible. As an added bonus, the deals on the 2013 Altima will likely be significantly better several months from now.

    Nissan Motor Acceptance Corp.'s August buy rate lease money factor and residual value for a 36-month lease of a 2013 Altima SL with 12,000 miles per year are .00200 and 60%, respectively for top tier customers.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi new_buyer1216. NMAC's August buy rate lease money factor and residual value for a 36-month lease of a 2013 Altima Sedan 2.5 S with 12,000 miles per year are .00200 and 63%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi new_buyer1216. Nissan Motor Acceptance Corp.'s buy rate lease money factor and residual value for a 36-month lease of a 2012 Altima Sedan S with 12,000 miles per year are .00020 and 53%, respectively for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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