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2014 Nissan Altima Lease Questions

Karen@EdmundsKaren@Edmunds Posts: 5,028
edited February 14 in Nissan
Looking to lease a 2014 Altima? Ask your questions here!

Here you can find and discuss all the latest lease details for the 2014 Nissan Altima, including cap costs, money factors, residual values, acquisition fees, etc. Please post any leasing questions you have or any details you’d like to share about your own lease deals.

You can also research local dealer inventory and pricing, reviews, features, and specifications, on our 2014 Nissan Altima page.

To see all forums discussions about the Nissan Altima, including earlier model years, please visit our list of Nissan Altima discussions.

Navigation tips: To see the most recent information and activity, make sure to visit the latest post, which may be a few pages ahead. Click the pages numbers just below to go to a new page in the discussion -- or search the entire discussion by clicking the magnifying glass icon and entering keywords.

We also invite you to share your purchase experience on Edmunds Facebook page, Share Your Story.

Karen-Edmunds Community Manager

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Comments

  • Do you have Nov rates for the 2014 Altima 2.5 SL + Tech , 24 & 36 months, 15K. I have an Altima 2.5 SL lease that is expiring in Dec. Also, can you confirm the total incentive cash back for leases. It is unclear whether total is $1,000 + 500 + 375 to lease thru Nissan (numbers listed on your site ) and then the rest is just the negotiated price of the 2014 Altima.

    Thanks,

    Al
  • 2014 Altima 2.5 SL 36mo, 15K/yr lease
    .00048 and 54% residual... The 24 month residual is 61%

    I'm sorry, but I don't have the incentive information.

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • Hi kyfdx,

    Did you mean a score below 600 to fall below Tier 4? I believe a score of 700 puts one on NMAC's tier 1 (at least that was the case a couple of years ago). Am I correct?

    Thanks
  • The numbers Nissan uses aren't FICO scores... It's a special "Auto Finance Bureau Score", that I think tops out at 950 (vs. 850 for FICO)...

    So, not exactly apples to apples...

    Moderator - Prices Paid, Lease Questions, SUVs

  • Got you. I appreciate the clarification.
  • Hi kyfdx,

    I was wondering if I could get some info on my lease. I leased a 2013 Nissan Altima 2.5SV a few months ago. I leased it for 2 years, 15K miles per year. The residual is $17,500. Is this likely high compared to what it will actually be? I'm on pace to only use a fraction of my 30K miles (I will likely end up using only about 15K total) so I was hoping I might have equity. Is that unlikely with such a high residual?
  • Michaell@EdmundsMichaell@Edmunds ColoradoPosts: 1,070
    If you keep the miles down, there is a possibility that the value of your car at the end of the 2 years will be higher than the residual value of the contract.

    If so, you can buy the car at the end of the lease and use the equity as down payment if you then trade the car in for something new.

    Having said that, finance companies are pretty good at estimating residual value. And, you should know that you're paying for miles you aren't driving - perhaps next time you should consider a 10K or 12K miles per year lease.

    michaell@edmunds.com

    Moderator, Prices Paid and Leasing Experiences

    2013 Hyundai Elantra GT / 2010 Mazda CX-7 GT / 2014 MINI Countryman S ALL4

  • Any pros or cons to leasing now vs after Dec 2? I have a 2011 Altima 2.5S due for return 5/2014. They contacted me about their Lease Loyalty Program for an early turn-in / re-lease.

    Can I get the MF & RV for 2014 Altima 2.5SV with Convenience pkg @ 36 mo / 15K
  • 2014 Altima 2.5SV 36mo, 15K/yr lease
    .00048 MF and 57% residual

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • What are the current residual and mf for 2014 sv with tech and convenience package? I'm doing research for my FIL. Are the #s better for the sl?
  • after a horrible accident brand new car just totaled - need new car ASAP

    here are rates/etc dealer gave us today:

    this is for tier 8 credit with Nissan
    money factor: .00410
    $1000 down (including first months payment)

    36 month lease
    invoice price: $23,977
    rebate: $875
    monthly payment: $438.86
    12k miles
    residual:
    $15,384.50

    24 month lease
    invoice price: $23,977
    rebate: $875
    monthly payment: $509.26
    12k miles
    residual: $16,976

    someone please let me know if this is a decent lease for this credit tier - need a vehicle today - thanks in advance for your help!
  • That is the correct money factor for Tier 8....

    Have you thought about trying to purchase the car, instead? Not sure if it's any better, but I wouldn't lease with that credit tier... ouch.

    Moderator - Prices Paid, Lease Questions, SUVs

  • With top tier credit, what is a good lease price for a 36m / 12,000 Altima SV.
    No money down, with the exception of taxes and fees.
    Back in October, before November rebates/holiday cash, they offered me $245 a month.
    What would the drop be now?

    Thanks,
    Cliff
  • isloverislover Posts: 32
    edited November 2013
    thank you kyfdx

    does everything else look ok? residual, etc?

    Is this a fair deal?
    dealer says they're selling for $500 below invoice - according to my calculations it is

    purchase is no better - lease is shorter & less painful

    after 12 payments we were told nissan will put anyone leasing with them in tier 1 for next lease purchase. is this true?
  • Money factor is lower this month, but so are the residuals, so unless there is a lot of holiday cash, lease prices aren't likely to be much different... $245/mo is cheap for any mid-size sedan, and once you get that low, you aren't likely to any significant change from month-to-month...

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • At those prices, I'd go with the 36 month lease, rather than 24 months..

    I don't know what Nissan will do with credit tiers later.... The dealer might, but I wouldn't lease this car, based on hoping to get a better credit report on the next one.... That's too far away to count on, I think... Plus, hopefully by then, your credit will be better on it's own, from fixing whatever problems you've had.. If your actual credit is Tier 8, the next time, I wouldn't count on Nissan giving you Tier 1, just because you are an existing customer...

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • So here is the deal I got on on my 2014 SV with Convenience pkg. 36 mo @ 12K in NJ

    MSRP $27,440
    Price $25,711
    Resid 58%
    MF .00048
    Rebate $1,125
    Down $1,100

    $289.36 a mo

    Did I do ok?
  • I'm going to sign the contract for 2014 Altima S with Display Audio Package..
    15k miles/ yr for $230+tax per month 36 months lease..$0 down payment. Is this a good deal?
    I'm in Southern California.. monthly total $248.xx with tax.
  • thanks again kyfdx

    still didnt lease car - hoping rates/incentives/rebates will be better for December

    Nissan dealer told us that after 12 payments they put everyone at tier 1 for next lease - seemed a little fishy to me too - will have to ask Nissan directly before leasing

    Still desperately need a car and driving a rental - just don't want to take a bad deal or make the wrong choice

    Thank you again for your help - and happy thanksgiving to you
  • sds5sds5 Posts: 2
    Hello,

    Could some provide me the latest MF and RV for 2014 Nissan Altima SV and SL

    thanks
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