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Nissan Altima Lease Questions

1565759616267

Comments

  • pegasus17pegasus17 Posts: 536
    edited January 2013
    REF: 1775
    Without knowing sale price, residual, and MF, i can only provide a wag. Based on $11 per 1000 of msrp, i would offer 319 per month and accept 325 or below. Not 340...

    CORRECTION:
    Found estimates for lease calcs. Residual 68%, mf=0.00129, NMAC lease incentive $650. Using a sell price of 26800, i get 352 (pre-tax).
  • nissanznissanz Posts: 21
    Thanks for your reply

    I got the numbers

    MSRP - $29000
    Sale Price - $26000
    Lease rebates and bonus cash - $1150
    Final sale Price - $24850
    MF - 0.00078
    Residual = $19150
    Monthly payment with tax - $340

    What do you think?
  • pegasus17pegasus17 Posts: 536
    edited January 2013
    something is not right! i get 297 pre-tax payment for 24 months
    tax rate?
    is tax charged on lease term only? most states are this way (not texas, etc.)
    msrp=29015?
    acq fee = 595
  • nissanznissanz Posts: 21
    Yes, tax is only on lease term only. The dealer said $29000. Maybe Its $29015.
  • nissanznissanz Posts: 21
    Dealer said tax on monthly payment is 9%
  • pegasus17pegasus17 Posts: 536
    i get 324 per month (including tax) using your numbers.
    are you sure you can get BOTH the 650 lease incentive and the 500 NMAC bonus cash?

    http://www.leaseguide.com/calc.htm
  • nissanznissanz Posts: 21
    This was the quote I got from the manager
    With 12K miles the payment was $326
    I wanted 15K miles and he said it will be $14 more per month
  • pegasus17pegasus17 Posts: 536
    residuals:
    66% ; 324
    67% ; 311
    68% ; 298

    so, 340 is too high if he gave you the right numbers
    Make them sweat til tomorrow...
  • nissanznissanz Posts: 21
    thanks pegasus17

    Will try to negotiate for under $298
  • pegasus17pegasus17 Posts: 536
    actually, 324 should be your target for 15k miles per year
    the 298 is for 12k per year
    good luck
  • mit4mit4 Posts: 1
    State MA: I'm planning to lease 3 yr / 15K miles for 2013 Nissan Altima 2.5 SV (with the technology package). Online MSRP comes to about 28K incl. sales tax of 6.25% (with the convenience and navigation package). If I am planning to put about 3K down payment, what monthly rate range should I aim for? Thanks!
  • In July, I'm going to be returning my 2010 Altima 2.5S, for which I'm paying $299 plus tax (around $325 total). If I get another Nissan, this will be my 3rd Nissan from this particular dealership. In reading these forums, I'm not sure I got such a good deal on this car. I had no idea that I could negotiate my lease (I should have done more research). I decided I want the 2013 2.5SL, but don't really want to pay that much more than I'm paying now. Long story short, is it wrong of me to expect an incentive to lease another Nissan?
  • Hi rccbrandon. I don't believe that Nissan is currently offering any owner loyalty incentives on the Altima right now. You can still negotiate a good deal on one but you won't be given any additional benefit that I am aware of for being a returning customer.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • kekkalanekekkalane Posts: 1
    edited February 2013
    mit4: I just leased my 3rd Nissan Altima. This time I got the 2.5 SV. With no down payment, my payments are about $350/month. With your down payment, you should negotiate for $325/month or less (for a fully loaded 2.5 SV).

    Being a repeat customer benefits you if your current lease is through NMAC. I learned on my most recent trip to my dealership that once you have made 18 payments on time to NMAC, you are considered a valued lessee and could get any Nissan you wanted! Because I know better, I stepped away from the GTR in the showroom and got an Altima with more features than my last.

    Hope this helps!
  • giovanni0311giovanni0311 Posts: 4
    edited February 2013
    Today i finally talked to the dealership after doing intense research of my own to try and learn as much as possible and after i asked what other fees i would be paying she said i would have to pay for the miles. Now after all the research i have done and not once did i pass by a forum or tip/advice guide on leasing that i would have to pay for the mileage.

    Anyways even if i did it wouldn't be bad because it would be an extra $50 a month. Here is the fine print on the ad in the newspaper :

    42 month lease. Payment excludes miles and requires the minimum annual mile package of 5,000. prices include all costs to be paid by consumer except your local sales tax, actual registration, and title fee. Prices based on primary lender approval at best tier. Must take delivery from dealer stock. closed end lease without purchase option. Lessee responsible for excess wear and tear. No security deposit required. ) 0 due at inception, total of payments:($9163.00 for Altima.)

    The value mileage package is 15k for 13cents a mile and the monthly payment of 2.5s is 99 a month for 42month. It also says 0 due at signing right under the picture of the altima and 0 due at inception in the fine print. On the top of the ad it says "zero down, zero 1st month payment, zero bank fee."

    Also will i be paying the tax on the monthly payments ? or in just once in the beginning?

    My question is this a good lease deal or should i not even bother?

    Thanks in Advance.
  • ref: 1792
    Is that a Nissan (NMAC) lease offer?
    sounds very shady.
    A rule of thumb for lease is $11 per month for every 1k of msrp for a standard 12k/36 month lease. Tax on leases varies by state.
    where are you?
  • giovanni0311giovanni0311 Posts: 4
    edited February 2013
    In brooklyn, new york. It also does not say anything about nmac.
  • I guess this is a really good deal then based on your last post or am i wrong?
  • Just talked to the dealership once again and i do have to pay for the miles which comes to an extra 1950 a year/12 month is 162+99 a month= 261 a month..
  • kyfdxkyfdx Posts: 28,057
    That's not a Nissan lease. I'd be very leery of any lease with a base of 15K miles over three years. Seems like you might be looking at a big gotcha at lease end.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • I picked up a 2013 Nissan Altima SL w/ Tech package today in Columbus, OH. 36 months/12k miles per year. Here are the terms I agreed to:

    MSRP: 31,255.00
    Sale Price: 28,702.95
    Gross Cap Cost: 30,403.99
    Trade in Allowance: 1,571.97
    Adj. Cap Cost: 28,832.02
    Residual Value: 18,440.45

    Total Monthly Payment: 322.69

    Only out of pocket was first month's payment. I also got all scheduled maintenance included for the entirety of the lease. They increased my trade in value by about $250 rather than reducing my sales price in order to meet my monthly payment target, but I was fine with that. Overall, I was satisfied with the deal. So far, seems like a great car for the price. Hope this info helps any future buyers.
  • REF: 1799
    why did the gross cap cost go up so much? Only add should have been acq fee of 595 (or so). It went up much more than that...
  • $595 Acqisition Fee
    $727 Sales Tax
    $100 Title, License & Registration
    $279 Maintenance Contract (They claimed this needed to be itemized even though it was "included" in the lease. Guess they might have got me with this one... oops. Oh well, I'm still satisfied with the deal. It's a nice car).
  • pegasus17pegasus17 Posts: 536
    edited February 2013
    REF: 1801
    Don't you hate when dealers/finance guys do that? Sorry to point that out but it is still a good deal overall. BTW, scheduled mx for the first 36 months is probably limited to five oil changes and tire rotations. So essentially, you paid for those upfront, with interest. Enjoy your new ride!
  • gator2323gator2323 Posts: 3
    edited February 2013
    I am about to pull the trigger on this deal and wanted some input/thoughts. Thanks in advance for taking a look. This is my first post here, but I have been reading the forums for some time.

    2013 Altima 2.5 SL
    MSRP 28780
    36 month lease, 15k miles yearly
    $400 down
    $315 per month, tax included
    I live in Orlando Florida and the tax rate is 6.5%
    They are also paying the last payment of my 2010 Accord EXL which is an additional $325

    Unfortunately I do not have the MF, Residual% and/or sales price they are using as I know you folks typically like, but I figured I would take a shot to see what you all thought of this deal anyway.

    I was deciding between a new EXL or this vehicle and I couldn't get my Honda dealer down anywhere close to this. Plus I also signed up for the Edmunds/Nissan $750 gift card deal, so that is a bonus too.

    Thoughts? Again, sorry for not having more info at this time, I will post more if I get it.
  • that sounds like a great deal, what was the amount of your trade value? also if you find out can you let us know about the residual and the money factor? ps i was quoted 318 for a sv for 12k per 36mo.
  • Carman, can you update for Feb?

    Altima 2013: 2.5 sl and 3.5sl money factors and residuals for 36 or 39 months 12,000 miles a year. Based on my research, the 3.5 sl carries a better residual than the 2.5 which I find odd. In addition any cash/incentives in the Northeast for Feb? Would you predict a better program in March?

    Thanks!!!
  • Thanks for the reply!

    Ok, I did the deal and here are the final numbers:

    2013 Altima 2.5 SL
    MSRP 28780

    SALES PRICE: 26,053
    TOTAL GROSS CAP COST: 26,648
    RESIDUAL VALUE: 16,404.60
    MONEY FACTOR: .00072

    36 month lease, 15k miles yearly
    $400 total down from me/out of pocket (Amount due was $1275 = my $400 and $875 in rebates and non-case credits)
    $315 per month, tax included (6.5%, Orlando, FL)

    They cut me a check for $325 to cover my last payment on my current lease.

    I had no trade in and only paid the $400 with 35 more payments of $315

    I also just submitted my info for the Edmunds/Nissan $750 gift card deal

    I think that covers it. So far very pleased with the car!

    Let me know your thoughts.

    Thanks!
  • Hi all,
    Wanted to get your input on this offer and my calculations. I’m turning in a 2010 Altima at the end of a lease and exchanging it for a 2013 Altima 2.5 SL with Tech package. Told the dealer I’m putting nothing down, I want to drive in the old car and drive out the new one with no cost. Been leasing Alitmas for 12 years and this is the way I do it…
    36 Month lease.
    12,000 miles/year.
    Dealer’s offer was $375/month, including tax.

    My calculations:
    MSRP - $30,340
    Sale price - $27,979 (I’m using the Edmunds TMV here)
    Residual = 60% MSRP = $18,204
    MF = .00129
    Lease price = $352 (Using Edmunds calculator)

    If I include $100 for tax & registration, which is still a valid cost, and the $595 Acquisition Fee, then the lease price calculates to $374, which matches the dealers offer of $375. Since I believe they had to roll those costs in to their total, it seems fair that I do as well. But seems I've seen others on this site getting 2.5 SLs for $340 - $350 per month. If they are paying cash up front for Acq. Fee and Title/Reg., then that makes sense.

    Comments? Thanks for you help!!
This discussion has been closed.