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Nissan Altima Lease Questions

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Comments

  • I just got a 2013 2.5 SL WITHOUT the tech package.

    I paid $400 upfront and got $315 for remaining 35 months of lease with 15K miles. Plus they cut me a check for $325 for my last lease payment on my prior car.

    The finance guy told me they used a MF of .00072 on my deal. Not sure why there would be a difference or how they swung the deal (the closest another dealer in town was going to get was $330/mo with $700 down.
  • Wow, 63% residual, did mrsp you quoted include 790$ destination? In my dealings, dealer always maintained the MF and residual were fixed by Nissan, 58% for 36 mo./15k up in NY, maybe higher residual if you are in FL.

    Good deal regardless. I'm still working on mine.

    Carman, any thoughts on whether Nissan allows any negotiation on MF rate and/or residual?
  • Certainly mdspinner. Nissan Motor Acceptance Corp.'s February buy rate lease money factor and residual value for a 36-month lease of a 2013 Altima 2.5 SL with 12,000 miles per year are .00072 and 61% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2013 Altima 3.5 SL are .00072 and 62%.

    I don't think that Nissan is providing support on 39-month leases of these cars right now.

    In the Northeast, Nissan is providing a $375 cash incentive on leases of the '13 Altima Sedan.

    It's difficult to say what Nissan's March programs on the Altima will be like. I can tell you that there was no improvement in the Altima's programs from February to March last year, but...this is a different situation because the car was redesigned. Manufacturers usually try to cut way back on support on recently redesigned models when they are first introduced. The eventually have to ease back into it as the months progress. That's what seems to be happening with the '13 Altima. So it probably wouldn't hurt to wait if you're not in a hurry.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hey mdspinner. Banks' residual values are usually essentially set in stone and cannot be negotiated. Vehicles' base money factors are set by banks, but dealers are allowed to mark them up from time to time. That's why it is important to find out what the buy rates are for the model that you are interested in prior to entering into negotiations.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • How did you get 63% residual? MSRP of $28,780 with residual of $16404 = 57% residual.
  • I have a deal offered:

    $24,801
    $279/mth
    .60 residual
    .00072 MF

    However, the dealer says he will use 2 vouchers to get the cap cost down enough to hit that monthly payment. But he wont tell me the final cap cost and I have no info on the vouchers. I may not qualify for those vouchers. Any advice on how to proceed?
  • pegasus17pegasus17 Posts: 536
    edited February 2013
    REF: 1813
    Interesting deal. Quite low for the SV. However, without FULL DISCLOSURE, i would walk. Plenty of other choices in this segment (Accord, Camry, Sonata).
    BTW, a better, attainable price is 24200
  • oliver75oliver75 Posts: 2
    edited February 2013
    2013 Altima 3.5SL w/technology 36mo 12,000 miles per yr. for $397.00, I pay $706.00 which includes 1st mo lease pmt. The $397.00 seems high since Acura quoted $400.00 on a new lease on a TL front wheel drive and their sticker price is higher. I have 1 mo left on my Acura TL with only 27,000 miles versus the 36,000 allocated on the lease (not sure that matters). Altima will pay last lease pmt on the TL. Can I do better on the Altima I live in Illinois.....thank you!
  • REF: 1815
    1. Have you considered trading the TL in if it has positive equity (value > payoff)?
    2. For that money, you can get the new Accord and still get a real tranny (not a CVT)

    http://pictures.dealer.com/v/vosshondaoh/1727/ac8044a50a0d02b701c6bbd3e20030ec.j- pg
  • Hi Car Man - uncertain on the deal presented to me can you read #1815 and let me know your thoughts? Would like another opinion,
  • pegasus17pegasus17 Posts: 536
    edited February 2013
    If you can provide msrp and selling price, i can calculate the proper payment using this info from an earlier post:
    "The numbers for an otherwise identical lease of a 2013 Altima 3.5 SL are .00072 and 62%.
    I don't think that Nissan is providing support on 39-month leases of these cars right now.
    In the Northeast, Nissan is providing a $375 cash incentive on leases of the '13 Altima Sedan. "

    4dr Sdn V6 CVT 3.5 SL msrp $30,560 invoice $29,278

    UPDATE: Used the above data (no incentive, invoice sell price, pre-tax) i get 339/month for the std 36 month, 12k mile lease. Tax on leases varies by state so you have to add that in appropriately...
  • this same dealer sent me an offer that didnt include the T/T/L. when i asked about it he said
    Correct. Right now Nissan has Tax Credits so you will not be paying Taxes on this car.

    i asked for more details and if he had alink explaining this program. his reply
    It is no a published program for the general public. It is an internal program for Nissan dealers, meaning we do not have to tell you about it. It is usually used from profit, but I am giving it to you upfront in order to be aggressive and earn your business.

    is there such a thing? i am not the most experienced car buyer but i have never heard of a dealer essentially eating the tax. any guidance would be appreciated. thanks.
  • I am a car dealers dream. I am a payment shopper, fits in my budget I am good to go. Here is the lease that I got for a 2013 altima sv 36 month 15,000 mile.
    I went with first months payment at signing.

    MSRP-25445
    Gross gap cost--22843.45
    Residual value--14873.90

    Monthly payment-255

    I turned in a 2010 Altima that they supposedly forgave the last two payments for me to get into this vehicle. I am happy with it.
  • rehab702rehab702 Posts: 14
    I have a lease expiring in a couple of weeks and I'm ready to pull the trigger on an Altima sedan.

    Can I get the March money factor and residuals for 36 mo 12k miles?

    Altima 2.5S
    2.5SV
    2.5SL

    I am in Nevada.

    Thanks!
  • What do you have to do to get the $750 Nissan/Edmunds card?
  • rehab702rehab702 Posts: 14
    Apparently not everyone can get it. I'm ready to buy and was hoping to get it myself.
  • zorro414zorro414 Posts: 1
    I thought I was getting a good deal until i stumbled across this forum. Any feedback is greatly appreciated.
    22,000 miles/ year
    SL
    msrp $29,160
    36 month lease
    no money down/ only first payment due
    $435/ month including tax

    Thoughts?
  • the4acesthe4aces Posts: 1
    I am trying to buyout of my lease of a 2010 Nissan Altima.

    The residual value is $14800. I only put 32,000 miles on it when I could have put 48,000 miles on the car.

    The Nissan dealer is saying they need me to pay for another inspection ($300) and buy a new tire before they can sell me the car... Is this true? Also they say I need to pay a restocking fee of $300 before they can sell me the car.

    Does this sound right?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi oliver75. That payment does sound a little high. I personally wouldn't pay nearly $400 per month for an Altima. What is this car's MSRP and selling price? Those figures would help me to evaluate this deal.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, rehab702. Nissan Motor Acceptance Corp.'s March buy rate lease money factor and residual value for a 36-month lease of a 2013 Altima Sedan 2.5S with 12,000 miles per year are .00073 and 60% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '13 Altima Sedan 2.5 SV are .00073 and 59%.

    The numbers for an otherwise identical lease of a '13 Altima Sedan 2.5 SL are .00073 and 57%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • rehab702rehab702 Posts: 14
    Thanks Car Man!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    That was fast. You're very welcome!

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Bad deal... I have an SL..and I pay 348 tax included. 15k yearly for 36 mon ths
  • Nop..are u trying to lease another altima
  • joyceajoycea Posts: 1
    I'm so confused - any help would be greatly appreciated!
    I have this lease pending in CT:
    $329/month for 36 months, no money out of pocket:
    2013 Altima 2.5SV w/Navigation and Convenience pkg (moonroof)
    Illuminated kick plates included
    All Weather Floor Mats
    Oil changes no charge for one year
    12,000 miles per year
    36 month term
    Dealer pays remaining 3 months of 6 payments remaining on my 2010 Rogue ($349/mo = $1047)
    Nissan waives 3 months of 6 payments remaining on Rogue ($1047)
    Lease Loyalty Discout $500
    Lease Cash Discount $375
    Marketing Assessment Waived ($246)
    VIN Etch waived ($199)
    $0 down including all taxes and fees
    MSRP 30,525 (this seems high to me??)
    Residual $18,004
    Acquisition Fee $595
    Fees and Insurance $872
    Upfront Taxes $148
    Rebate as cap reduction $875
    Money Factor .00073 (1.752%)

    This is all the stuff itemized on the sheets printed out for me by the dealer..... what am I missing? All the calculators I've used on line come up with a lower monthly payment.... ???
    Thank you!
  • mdspinnermdspinner Posts: 14
    For numbers (new york), I was just in the dealer's office and they gave me the following:

    SL V6: 12K, 36 months: 62% residual, .00118 MF

    SL 2.5: 12K, 36 months: 58% residual, .00118 MF

    Carman, would/should there be a difference than the .00073 and 57% you quoted above on the 2.5 sl?
  • mdspinnermdspinner Posts: 14
    Couple things. First, Fees and insurance. Where do they get this #? Acquisition fee is usually in the MSRP--make sure its not in there twice.

    Second, navigation usually knocks down the residual at least a point or two.

    Third, what is the sales price of the car, MSRP minus rebates/loyalty cash? I would negotiate the sales price of the car before taking account of the rebates. Go on here, figure out the TMV and try and get that.
  • nsolisnsolis Posts: 9
    edited March 2013
    In the middle of a negotiation for a 2013 Altima 3.5 SL without the Tech Package. Anyone have any Cap Cost comparisons for that car? Think list is roughly $31,500 to $31, 900. Just curious what prices people have negotiated down to.

    Car Man, do you have the money factor and residual value figures for the 3.5 SL for the month of March?

    Thanks for your time in advance.

    -N
  • We just leased a 2.5 sv with convenience package and navigation system over 36 months. We put $2600 down and our payments are $216/month. Did we get a good deal?
  • rehab702rehab702 Posts: 14
    Is the $375 lease cash available in Nevada? I received a quote that didn't include it.
This discussion has been closed.