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Nissan Altima Lease Questions

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Comments

  • buffalo78buffalo78 Posts: 36
    Wondered if anyone knew the lease numbers for a 3.5SL with Tech pkg (if that mattered), 39 mos, 15K (possibly 18K). I'm in New York.

    Thank you!
  • Just got my 2.5 SV with convenience pkg. MSRP 26.700 Lease payment $320 including tax 0 money down. First payment made by the dealer. Seems that the money factor went up for march lease program. To find what is your corresponding interest rate just multiply your money factor by 2400.
  • nsolisnsolis Posts: 9
    Just finished my new lease deal at AutoFair Nissan in Massachusetts. Massachusetts has a 6.25% tax rate.

    Nissan Altima 3.5 SL, Black/Black; everything included except Tech Package. (No need for NAV in 2013 and the presence of smart phones/personal GPS devices; the 3 other parts of the NAV package seemed excessive.)

    PRICE OF CAR

    MSRP - $31,475
    Selling Price - $28,000
    Acquisition Fee and Doc Fee - $595 + $372 = $967
    Rebates - $500 Loyalty and $375 Leasing Altima = ($875)
    Total Cap Cost - $28,092

    FINANCE NUMBERS

    Money Factor - .00073
    15K Miles Per Year/Residual of 60% of MSRP - $18,885

    MONEY PAID AT DEALER AT CLOSING

    First Months Payment/Title Fee/Registration Fee/Minimal Cap Cost Reduction and Associated Tax to get my payment to an even $301 = ($301/$50/$75/$236.22 and $14.76) = $677

    $283.30 + $17.70 = $301/month.

    Moreover, I turned in my 2010 Nissan 2.5 SL lease and per usual with Nissan, they waived my wear and tear charges of $380. (They waive up to $500 if you buy/lease another Nissan).

    How'd I do Car_man?
  • nsolisnsolis Posts: 9
    It's hard to know newgirl12345 without knowing the MSRP and Negotiated Selling Price of the vehicle. Moreover, I've never found it to be a good idea to put a huge amount of money down on a lease; just my opinion, but I know it's shared by others.
  • brcarbrcar Posts: 10
    Received this offer today in NJ. This was the first Nissan dealership I have gone to and told them that I was looking at other makes/models, to make a competitive offer, that I know how to calculate a lease and not to show me any quotes with the sale price anywhere near MSRP.

    Tried to get them to itemize all of the fees which turned out to be quite difficult and the numbers don't seem to exactly match what was posted here.

    Altima 2.5S

    MSRP: 23,850
    Sale Price: 21,200 (including delivery) - They claimed this was $700 off their cost.

    MF: .00073

    Here is what was throwing me off
    Residual: 61% - Saw this as 60% here (not that i'm complaining)

    $14,704 was hand written as the "buy out" I assume residual value, but I don't see how they arrived at that using either 61% or 60%.

    $249 Doc Fees
    $595 Acquisition
    $330 Title, Tags (4 years registration)

    For a truly no money down (they pay first payment) including 7% tax:

    $269 x 35 remaining payments

    No mention was made of the $375 cash incentive.

    Using the leaseguide calculator and the stated 61% residual I get a payment including 7% tax of $262.34 (this is essentially the same as 35 payments of $269 that they quoted.

    If they were to include the $375 lease cash I've seen advertised I get $251 X 36 months

    Using the "buy out" number quoted (w/ no incentive) I get a payment of $257 (36 months). With the cash incentive I arrive at: $245.52 (36 months)

    After the information overload, I guess my question is what does everyone think? Is this a fair value for this model? What quotes are others getting for a 2.5S?

    Any input appreciated.
  • aaachaaach Posts: 5
    Altima 2.5 SV with Mats, Splash Guards, and External Ground Lighting
    MSRP $25,840
    42 mo
    10K mi/year
    Including PA taxes 6%
    Nothing down
    Doc fees about $85
    $450 return fee unless repeat lease
    $500 allowance for return damage
    PA registration and plates $220 extra

    $265 / mo

    Is this a good deal? Thanks.
  • jknast1jknast1 Posts: 1
    This deal is pretty good, but I think they can do a little better.

    I am picking up an Altima SV with conv package, splash guards, mats, external ground lighting on Friday for $269 per month.

    This is for 36 months, 12k per year. The only payment on Friday will be the first month's payment ($269). I live in NJ which has a sales tax of 7%.
  • mdspinnermdspinner Posts: 14
    Ask about st. pat's day bonus cash
  • Can you please share your residual and money factor? I think i am pretty locked in on the MF at .00073, but i not sure if 12K a year is 60% or 62% for a SV.

    Thanks
  • brcarbrcar Posts: 10
    What dealership is this?
  • Car Man , am I crazy for this offer ?
    Here is what I offered.
    MSRP 31195 added spoiler and tint offering 400.00 as adder to MSRP 30795
    Offered 27452
    Fee's added 745. / 595 and 150 for doc
    I want the rebates as down payment 500 loyalty , 500 St. Pat's
    cap cost 27197
    57% residual
    .00073 money factor
    3 year 15 k miles per year
    7.55% tax
    Car note 294.39
    Tax 22.23
    total per month 316.62
    Am I crazy for asking for this deal ? As others have said BE STUBBORN . We still have 2 payments to go , so I have time
  • aaachaaach Posts: 5
    $265 was at Kings Nissan
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi mdspinner. If you qualify for NMAC's top credit tier the buy rate lease money factor for all 2013 Altima Sedans should be .00073 this month. If the dealer is trying to charge you anything higher than that they are likely attempting to mark your car's money factor up to bake additional hidden profit into your deal.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi nsolis. Nissan Motor Acceptance Corp.'s March buy rate lease money factor and residual value for a 36-month lease of a 2013 Altima Sedan 3.5 SL with 15,000 miles per year are .00073 and 60% for consumers who qualify for its top credit tiers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi rehab702. I believe that the lease cash is only available in the Midwest and Eastern portions of the U.S., not Nevada.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello buffalo78. Nissan Motor Acceptance Corp.'s March buy rate lease money factor and residual value for a 39-month lease of a 2013 Altima 3.5 SL Sedan with 15,000 miles per year are .00073 and 60% for consumers who qualify for its top credit tier.

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

    If you need to drive more than 15,000 miles per year, 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 providing a $375 cash incentive on leases of '13 Altima Sedans in your area right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi scott182544. The selling price that you mentioned looks a little aggressive to me. I think that a price of dealer invoice minus any cash incentives plus a couple hundred dollars is a more realistic price.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • buffalo78buffalo78 Posts: 36
    Car_man,
    Thank you for the helpful information.
  • Final number ended up being 313.18 car loan and tax 24.90 . total payment 338.08 per month . .Sales tax my area went up to 7.95 2013. My bad... Dealerships started at 385 , then 366 , 354 , final 338.
    Contacted 4 Nissan dealerships and they competed against each other . Came down to the 2 highest volumn dealers in St. Louis . Fair deal ?
  • dirt4444dirt4444 Posts: 1
    36 month lease

    15,000 miles

    Msrp 26,930

    Selling price 24,369

    MF .00073

    $1,000 at inception which includes 1st payment, doc and MV fees

    Asking $289/ month ( which includes tax)

    Is this a fair price? A couple of calculators have it around $245.
This discussion has been closed.