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Nissan Altima Lease Questions

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  • Car Man, do you have the November MF and residual for a 2013 Altima Sedan 2.5 SL for 12K miles & 36 months in Florida.
  • Here's the information that you're looking for mc22. Nissan Motor Acceptance Corp.'s November buy rate lease money factor and residual value for a 24-month lease of a 2013 Altima Sedan 2.5 SV with 15,000 miles per year are .00130 and 69% for consumers who qualify for its top credit tier. The numbers for an otherwise identical 36-month lease are .00147 and 60%.

    Here's the rest of the numbers for the other models:

    2.5 SL: .00130 / 67% & .00147 / 59%
    3.5 SV: .00130 / 71% & .00147 / 62%
    3.5 SL: .00130 / 70% & .00147 / 61%

    Yes, the $625 regional cash incentive on leases of this car is still available in November.

    Nissan might have an Auto Show rebate, but I haven't seen anything about it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Here you go refrunner. Nissan Motor Acceptance Corp.'s November buy rate lease money factor and residual value for a 36-month lease of a 2013 Altima Sedan 2.5 SL with 12,000 miles per year in Florida are .00147 and 60% for consumers who qualify for its top credit tier.

    There is a $625 cash incentive on leases of this car in your state right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • brz66brz66 Posts: 3
    Car Man, do you have the November MF and residual for a 2013 Altima Sedan 2.5 SL with NAV and Tech package - 12K miles & 39 months in New York?

    Thanks
  • Hey all -- this thread keeps coming up on every search, so now that I have a quote, figure it's time to add my voice/question to the discussion.

    First the old numbers: I'm finishing up a 39-month lease, my first lease ever, on a 2010 Altima 2.5 S for which I paid $269/month after $3800 down (trade-in + down payment + rebate/incentive) on gross cost of $26288. I have 3 payments left ($810) before it's due back in March. A prelim evaluation by a dealer suggests the small dent on the side door will set me back about $900 in wear & tear charges (or $400 if I take advantage of the -$500 new lease rebate). It's at 33k miles and I was about to get its 30k service when I thought I'd inquire about ending the lease early to start a new one. The dealership was more than happy to oblige and we dug into it together.

    Now the new numbers: I asked to lease a 2013 Altima 2.5 SV with no extra packages. Its MSRP is $24,100 but including splash mats + floor mats + destination fees = $25,210 total.

    I asked for rates with $2000 down. He gave me 24 months @ $309 and 36 months @ $297.

    I said I was surprised, given the car cost less than my Altima, that he couldn't come closer to my $269 rate. (Never mind that I put more down with the trade-in.) He postured that the car was recently redesigned, that rates are always higher on redesigned cars, blah blah blah. He asked me to come halfway, increase down payment to $2500 and he could get closer to $269.

    I said I couldn't. Holidays and all. He asked for $2250. I said I'm better off making my final payments and deciding in February. I packed up to leave.

    He told me to wait. He finally came back with my same $2000 payment and 36 months @ $279/month. I got him to agree to leave the deal on the table to the end of the month so I could evaluate.

    I'm still trying to find the right calculator to understand what I'm paying for interest (he never showed me a term sheet with rates or residuals or whatnot), and whether this is a good deal as a lease or if I should consider switching to buying. I'm paying for that door in Feb if I don't pay for it now, not to mention 30k-mile maintenance, probably tires, and other 3-year surprises.

    Appreciate any and all opinions, calculations, comparisons, etc., from Car Man or others.

    --Jeff
  • I was just charged $400 for a "disposition fee"... what does this mean?

    They charge you $400 if at the end of your lease you decide not to buy or lease another Nissan car.
  • Fairly common. i am facing the same $400 fee when my Hyundai lease expires. It is clearly stated in the loan docs. FWIW, Honda doesn't charge that and has a fairly liberal damage policy on their leases...
  • Hi guys would love some input on the following deal offered to me;

    2013 SL with tech package sticker $30000
    Negotiated down to $27,875
    Residual @ 60%= $18k
    Money factor @ .00147
    $2000 down
    36 month/12k

    Dealer stated that this comes out to $299/month includes tax with $1400 due at signing, which includes 1st pmt. thoughts? By my numbers the monthly pmt should be lower with the given numbers...
  • Pegasus17,

    Here is the deal that I got on Long Island, NY on 11/07/12

    2013 2.5 SL with Tech Package
    Sticker Price: $30,905.00
    Negotiated Price: $28,082.96
    Residual = $18,233.95
    Money Factor: .00147
    Money Down: 1st months payment of $375.89 + fees = $548.89 (I probably could have gotten my fees down another $75.00 if I pushed harder)
    Monthly Payment: $375.89 (total of 35 payments)
    Term: 36 month
    Miles Per Month: 15k

    That's it. Nothing else. The above included all taxes and all fees.

    I hope this helps,

    Rich
  • ref: 1721
    I get 359 per month (pre-tax) with zero down using your numbers and a 595 acq fee. I never put down more than 500 out-the-door on a lease. BTW, i got 30280 on the nissan site for a 2.5 SL with tech pkg...
  • pegasus17pegasus17 Posts: 536
    edited November 2012
    ref: 1722
    I also get 359 (pre-tax) with your numbers (59% residual). Assuming an 8% tax rate in lovely NY state, your payment would be 388 per month. So you got a better deal if your numbers are correct...
    http://www.leaseguide.com/calc.htm
  • Pegasus17,

    I took the numbers directly off the Nissan Lease Contract. Sales tax in my county is 8.625%. The MSRP you found for the car on the Nissan website probably did not include a couple of the extras on my car. The car I leased has illuminated kick plates, exterior ground lighting, trunk first aid and road hazard kit and possibly another extra or two. The extras pushed the MSRP up to $30,905. Best of luck. I hope the info I shared with you helps you to get the best deal possible.

    Rich
  • 2013 2.5s
    $229 per month with zero down and zero cap cost reduction.
    Upfront with all taxes, fees and 1st month is 2082.11
  • REF: 1726
    Need more info to assess your deal
    See posts 1721 and 1722 for the proper way to post a deal for analysis.
    msrp, sale price, residual%, mf, tax rate, fee estimate...
  • ref: 1725
    After 3 weeks, how do you like the car?
  • Just a follow up to #1721

    Negotiated 2013 SL w/tech package down to:
    $299/month taxes included
    $2000 trade in value
    $500 due at signing (drive away)

    36 month/ 12K lease
    $30100 msrp
    $27875 negotiated
    60% residual
    .00147 money factor
    6.25% tax

    Any final thoughts?? Seems like a fair deal...
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited November 2012
    Here's the information that you're looking for brz66. Nissan Motor Acceptance Corp.'s November buy rate lease money factor and residual value for a 39-month lease of a 2013 Altima Sedan 2.5 SL 4-cylinder and 12,000 miles per year are .00190 and 55%.

    The 36-month terms for this car actually look slightly better, .00147 and 60%.

    In your area there is a $625 cash incentive on leases of this car right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Jeff. If I was in a lease that was scheduled to run through February I personally would probably wait until then to get something new. You don't have to perform the 30,000 mile service on a leased vehicle and if your car only has 30,000 miles on it you probably won't have to get new tires for it either.

    While it's difficult to predict exactly what manufacturers will do with their future incentives programs, I suspect that the lease program for the 2013 Altima will be at least as attractive in February as it is right now. Not only will the new Altima have been on the market for several more months and that "new vehicle novelty" will have started to wear off likely causing Nissan to provide more support on it, but Nissan usually runs President's Day specials. I got my current car during one a couple of years ago.

    Of course as I said it's impossible to say what will happen for certain, but if I was in your position I personally would wait.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • pegasus17pegasus17 Posts: 536
    edited November 2012
    REF:1729
    Actually, it quite a good deal. I get 299 (pre-tax) using your numbers. With tax, it's ~318 per month. Good job; enjoy your car
  • Where in Long Island did you get this deal?
This discussion has been closed.