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2014 Nissan Altima Lease Questions

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  • supraturbo320supraturbo320 Member Posts: 34
    Hi, could you give me the RV and MF for the 2014 & 2015 Altima 2.5SL for 36/39 mos, 15K in NJ. Thanks.
  • kyfdxkyfdx Moderator Posts: 235,188
    kff1289 said:

    well, 39mo, 12k/yr. MSRP 37,190. Want to know if that is a good deal or not. Apologize for the ignorance..

    Yes.. that's dirt cheap.

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  • kyfdxkyfdx Moderator Posts: 235,188

    Hi, could you give me the RV and MF for the 2014 & 2015 Altima 2.5SL for 36/39 mos, 15K in NJ. Thanks.

    2.5 SL? .00003 MF and 55% residual for 36mo, 15K/yr. for 2015

    .00003 MF and 51% residual for 36mo, 15K/yr for 2014

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  • ulasozcelikulasozcelik Member Posts: 31
    Hi there,

    Looking to lease a 2015 Altima SL. May I please have the money factor and the residual for 36 months @ 12K miles per year.

    Thanks
  • MichaellMichaell Moderator Posts: 240,121

    Hi there,

    Looking to lease a 2015 Altima SL. May I please have the money factor and the residual for 36 months @ 12K miles per year.

    Thanks

    2.5?

    56% and .00003 for 36/12.

    Add 1% for 3.5SL

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  • ulasozcelikulasozcelik Member Posts: 31
    Am I calculating this right? This is regarding a 2015 Altima SL (2.5L engine) with moon roof and tech. package.

    MSRP: $31,250
    The deal they are giving me for this car is: $25,970 (no money down)
    NC (Mecklenburg County) Sales Tax: 7.25%

    Thanks to the moderators, we know that the residual value is 55% for 36 months and 15K miles per year and I qualify for Tier 1 credit so it's 0.00003.

    $31,250 x 0.55 = $17,187.5

    $25,970 - $17,187.5 = $8,782.5

    $8,782.5 / 36 = $243.95

    ($31,250 + $25,970) X 0.00003 = $1.71

    ($243.95 + $1.71) x 0.0725 = $17.81

    Total: $263.47 per month?
  • MichaellMichaell Moderator Posts: 240,121

    Am I calculating this right? This is regarding a 2015 Altima SL (2.5L engine) with moon roof and tech. package.

    MSRP: $31,250
    The deal they are giving me for this car is: $25,970 (no money down)
    NC (Mecklenburg County) Sales Tax: 7.25%

    Thanks to the moderators, we know that the residual value is 55% for 36 months and 15K miles per year and I qualify for Tier 1 credit so it's 0.00003.

    $31,250 x 0.55 = $17,187.5

    $25,970 - $17,187.5 = $8,782.5

    $8,782.5 / 36 = $243.95

    ($31,250 + $25,970) X 0.00003 = $1.71

    ($243.95 + $1.71) x 0.0725 = $17.81

    Total: $263.47 per month?

    I get $263.03/mo with your numbers; your calculation of the finance charge is incorrect. It's the cap cost + residual value multiplied by the MF. It works out to $1.29/mo, not the $1.71 you show.

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  • ulasozcelikulasozcelik Member Posts: 31
    Thanks Michaell,

    Would you happen to know if NMAC charges disposition fee? If yes, do you know how much?
  • kyfdxkyfdx Moderator Posts: 235,188

    Thanks Michaell,

    Would you happen to know if NMAC charges disposition fee? If yes, do you know how much?

    All NMAC leases have a disposition fee.. Though, I'm not sure of the amount.

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  • ulasozcelikulasozcelik Member Posts: 31
    Thank you very much guys!
  • tjm111tjm111 Member Posts: 60
    edited September 2014
    Could you provide the MF and RV for the Altima S in the Boston area? I'd be looking for a 36 mo lease at 12k per year. thanks!
  • kyfdxkyfdx Moderator Posts: 235,188
    tjm111 said:

    Could you provide the MF and RV for the Altima S in the Boston area? I'd be looking for a 36 mo lease at 12k per year. thanks!

    2.5 S? .00003 MF and 55% residual for 36mo, 12K/yr.

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  • ulasozcelikulasozcelik Member Posts: 31
    Another question. What is the procedure when it comes to the acquisition fee and the dealer's doc. fees? The dealer is telling me that the acquisition fee is $595 and their doc. fee is $699. I'm looking at $1294 + first month's payment + DMV costs. It's too high of an amount to come up with just to get into a car. Can the $1294 be added onto the cap. cost so that it too can be financed? I know that this will increase my monthly payment... Or do I negotiate for them to not charge me doc. fee or something and I just pay the acquisition fee, which I'm afraid they have no say in it since it's NMAC that charges it...
  • MichaellMichaell Moderator Posts: 240,121

    Another question. What is the procedure when it comes to the acquisition fee and the dealer's doc. fees? The dealer is telling me that the acquisition fee is $595 and their doc. fee is $699. I'm looking at $1294 + first month's payment + DMV costs. It's too high of an amount to come up with just to get into a car. Can the $1294 be added onto the cap. cost so that it too can be financed? I know that this will increase my monthly payment... Or do I negotiate for them to not charge me doc. fee or something and I just pay the acquisition fee, which I'm afraid they have no say in it since it's NMAC that charges it...

    The acquisition fee is not negotiable, but can be rolled into the cap cost. You should work to negotiate a selling price that offsets the doc fee of $699 - this, too, I think can be rolled into the cap cost.

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  • ulasozcelikulasozcelik Member Posts: 31
    Michaell, thank you once again,
  • mikeytehpromikeytehpro Member Posts: 3
    hey folks, new to leasing here was wondering if you guys could guide me a bit and lead me to a comofortable decision.

    Looking into leasing a 2014 Altima 2.5S at Nissan dealer here on Long Island.

    I was offered 199/Month with 3000 dollars down and am trading in my 2002 Lancer which has a trade in value of just over 2k. So essentially for me its 1000 down 199/month. I was at the dealer today and his was the last thing we talked about

    Can you guys weigh in on wether or not I'm getting a good deal and what other fees I'm going to get slapped with? And would you guys opt to do something else? Sorry for the noobish questions but this is my first rodeo here.
  • mikeytehpromikeytehpro Member Posts: 3
    Some added info, MSRP is 23,320

    If you guys could guide me that'd be great
  • otoluvaotoluva Member Posts: 196
    Did you read a few pages back? There is plenty of info.
  • mikeytehpromikeytehpro Member Posts: 3
    its pretty hard to decipher through all of that. I see a lot of people putting 1000 down or zero down on here. Thats why im asking for some advice on the deal i was given
  • kyfdxkyfdx Moderator Posts: 235,188

    hey folks, new to leasing here was wondering if you guys could guide me a bit and lead me to a comofortable decision.

    Looking into leasing a 2014 Altima 2.5S at Nissan dealer here on Long Island.

    I was offered 199/Month with 3000 dollars down and am trading in my 2002 Lancer which has a trade in value of just over 2k. So essentially for me its 1000 down 199/month. I was at the dealer today and his was the last thing we talked about

    Can you guys weigh in on wether or not I'm getting a good deal and what other fees I'm going to get slapped with? And would you guys opt to do something else? Sorry for the noobish questions but this is my first rodeo here.

    If your Lancer is worth $2K, then it really is $3000 down and $199/mo. If you want to compare prices to what other people have received, you have to deal in the real number.

    But, if you want any sort of evalution of your deal, you'll have to give more details. How long is the lease? What is the mileage allowance? What money factor are they using and what is the selling price of the car?

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  • al107al107 Member Posts: 1
    There is a dealer in the NE offers $169 per mo with no money down for a 2015 Altima 2.5 S (MSRP $23505) for 36 months and 12k mile a year. Is that a good deal? What is the MF and residual for that car? THANKS!!!
  • MichaellMichaell Moderator Posts: 240,121
    al107 said:

    There is a dealer in the NE offers $169 per mo with no money down for a 2015 Altima 2.5 S (MSRP $23505) for 36 months and 12k mile a year. Is that a good deal? What is the MF and residual for that car? THANKS!!!

    $169/mo for a car that stickers for $23K seems like a pretty good deal.

    MF is .00003 and 36/12 residual for the S model is 53%.

    There must be a heck of a discount to get to $169/mo and $0 down.

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  • hwilliams2hwilliams2 Member Posts: 1
    Greetings,

    Looking for RV and MF in Virginia for 2015 Altima 2.5 S. 36/12 lease. Thanks very much
  • kyfdxkyfdx Moderator Posts: 235,188

    Greetings,

    Looking for RV and MF in Virginia for 2015 Altima 2.5 S. 36/12 lease. Thanks very much


    .00003 MF and 57% residual

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  • jimmydean7jimmydean7 Member Posts: 39
    Do you have any information on the current month lease cash from Nissan as well as the residual percentage for a 2014 SV?
    Thanks.
  • jimmydean7jimmydean7 Member Posts: 39
    In addressing the above request, the lease time/miles is 3 years 15 K per year..sorry.
  • MichaellMichaell Moderator Posts: 240,121

    Do you have any information on the current month lease cash from Nissan as well as the residual percentage for a 2014 SV? 3 year 15K per year.
    Thanks.

    2.5?

    53% and .00003.

    Subtract 2% for 3.5.

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  • jimmydean7jimmydean7 Member Posts: 39
    Yes...2.5
  • jimmydean7jimmydean7 Member Posts: 39
    Michael: What about Nissan cash back? I am being told that the Nissan cash is 1,450 + 500 for a total of 1,950 on a 2014 SV 2.5 3 year lease. Can you confirm, please?
  • MichaellMichaell Moderator Posts: 240,121

    Michael: What about Nissan cash back? I am being told that the Nissan cash is 1,450 + 500 for a total of 1,950 on a 2014 SV 2.5 3 year lease. Can you confirm, please?

    I don't have any information on Nissan incentives - use the "Car Research" tab at the top of the page to see what Edmunds' shows.

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  • jpmg2727jpmg2727 Member Posts: 17
    Not completely sure I understand the calculation process here. Looking to buy a 2014 (yes 2014) 2.5 SV w/ no packages added. I checked and they still have a few by me in NY (LI). Considering I am buying a 2014 so late, there should be significant incentive. Can anyone help me ballpark what a good monthly payment would be for this specific car w everything rolled into 500 down and rest of the payments (12k/39m/MSRP $25,150/tier 1 credit). Would really appreciate the MAX I should even consider going to per month considering the above.
  • kyfdxkyfdx Moderator Posts: 235,188
    jpmg2727 said:

    Not completely sure I understand the calculation process here. Looking to buy a 2014 (yes 2014) 2.5 SV w/ no packages added. I checked and they still have a few by me in NY (LI). Considering I am buying a 2014 so late, there should be significant incentive. Can anyone help me ballpark what a good monthly payment would be for this specific car w everything rolled into 500 down and rest of the payments (12k/39m/MSRP $25,150/tier 1 credit). Would really appreciate the MAX I should even consider going to per month considering the above.


    2014 Altima lease programs are only good for 36 months.. at 39 months, the numbers go south in a hurry...

    .00003 MF and 53% residual for 36 months, 10K/yr.

    The payment will all depend on the selling price. You can research Edmunds TMV by using the tabs at the top of the page, or you can read back in this discussion and see what others are paying..

    Just for a rule of thumb, if you get a CAP cost of $23,000, then the payment would be $269/mo. The CAP cost would be the selling price after all discounts and incentives, plus acquisition fee, taxes and fees. That number changes by $27.81 for every $1000 difference, up or down.. ($2.78 per $100 difference).

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  • redbarclayredbarclay Member Posts: 8
    can you please share residuals for 2014 2.5SL for 18K/36mo and 20K/36mo? thanks
  • MichaellMichaell Moderator Posts: 240,121

    can you please share residuals for 2014 2.5SL for 18K/36mo and 20K/36mo? thanks

    .00003 MF and 51% for 36 months, 15K miles per year.

    Not sure that Nissan allows leases to be written with more than 15K mile per year; if they do, they are probably charged a some fixed rate per extra mile (.10 - .20 would be my guess).

    Are you sure a lease is the right way to go given how many miles you drive in a year?

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  • redbarclayredbarclay Member Posts: 8
    thanks for the feedback. you can buy more miles on top of the 15K @ .10/mile, which is better than the .15 over mileage at the end of the lease (as long as you use them!) then the residual is adjusted. on the offers i received, the 18K/year residual went from 51% down to 48% and the 20K was 46%. Here are my offers:

    2014 2.5SL with nav, moonroof, floor mats, body molding & illuminated kickplate
    436/mo
    0 down, just 1st month's payment
    36 mo lease
    18K/year
    MSRP: $31,310
    selling price $30,100
    residual: $14,468
    acq fee: 595
    doc fee: 339
    govt fees: 115
    rebate: 1950
    neg equity in current car: -$2,200

    same offfer with 18K/year was for $419, residual was $15,068

    thoughts?


  • redbarclayredbarclay Member Posts: 8

    Monthly cost includes 6.35 tax

  • MichaellMichaell Moderator Posts: 240,121

    thanks for the feedback. you can buy more miles on top of the 15K @ .10/mile, which is better than the .15 over mileage at the end of the lease (as long as you use them!) then the residual is adjusted. on the offers i received, the 18K/year residual went from 51% down to 48% and the 20K was 46%. Here are my offers:

    2014 2.5SL with nav, moonroof, floor mats, body molding & illuminated kickplate
    436/mo
    0 down, just 1st month's payment
    36 mo lease
    18K/year
    MSRP: $31,310
    selling price $30,100
    residual: $14,468
    acq fee: 595
    doc fee: 339
    govt fees: 115
    rebate: 1950
    neg equity in current car: -$2,200

    same offfer with 18K/year was for $419, residual was $15,068

    thoughts?


    When I plug in your numbers with the .00003 MF, I get a pre-tax payment of $420/mo for the 18K miles per year lease, and $437.37/mo for 20K miles per year.

    Does the $30,100 include or exclude the $2200 of negative equity? Over 36 months that will add about $61/mo to your payment.

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  • redbarclayredbarclay Member Posts: 8
    I am not on the hook for the neg eq so I guess it's rolled in. 

  • jpmg2727jpmg2727 Member Posts: 17
    Going to the dealerships tomorrow. Whats the MF and RV for 2014 Altima 2.5 S, SV, SL for NY(Long Island) for both 12k and 10k. Need all 3 because I'm leasing for two people who want different things. Appreciate the help here. Thanks!!!
  • kyfdxkyfdx Moderator Posts: 235,188
    edited October 2014
    jpmg2727 said:

    Going to the dealerships tomorrow. Whats the MF and RV for 2014 Altima 2.5 S, SV, SL for NY(Long Island) for both 12k and 10k. Need all 3 because I'm leasing for two people who want different things. Appreciate the help here. Thanks!!!

    36 month, 12K/yr

    .00003 MF

    S: 55% residual
    SV: 54%
    SL: 52%

    Add 1% for 10K/yr

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  • pitchinwedgepitchinwedge Member Posts: 65
    Hello from Southern California. Wondering about the 2.5SL and 3.5SL:
    1. What are the current MF and residuals for these models at 12/36 in my area?
    2. When are new MF's released?
    3. What's minimum FICO to qualify for the MF?
  • kyfdxkyfdx Moderator Posts: 235,188

    Hello from Southern California. Wondering about the 2.5SL and 3.5SL:

    1. What are the current MF and residuals for these models at 12/36 in my area?
    2. When are new MF's released?
    3. What's minimum FICO to qualify for the MF?

    .00003 MF

    52% residual on the 2.5SL and 53% on the 3.5SL
    Current numbers run through October 31st.
    NMAC use the Auto Finance Bureau Score, and 700+ is required for the top rate. (How that score might relate to FICO, I am not sure)

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  • weavec2004weavec2004 Member Posts: 1
    Looking for residuals and money factors on 2015 2.5SL in South Carolina. I'm looking to find the sweet spot, but would prefer 27 months at 15k miles/yr. Can you post numbers for 27/12, 27/15, 36/12, 36/15, and anything else that may be worth looking into? Also, in my area of SC, it appears rebates are half of what they are in other areas of the state. Does that make sense?
  • MichaellMichaell Moderator Posts: 240,121

    Looking for residuals and money factors on 2015 2.5SL in South Carolina. I'm looking to find the sweet spot, but would prefer 27 months at 15k miles/yr. Can you post numbers for 27/12, 27/15, 36/12, 36/15, and anything else that may be worth looking into? Also, in my area of SC, it appears rebates are half of what they are in other areas of the state. Does that make sense?

    No 27 month programs for Nissan - 36/15 for the 2.5SL is .00003 and 55%. Add 1% for 12K.

    Use the "car research" tab to get the latest Nissan incentives.

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  • cdoescher01cdoescher01 Member Posts: 7
    Can you please post November Residual/Money factor/lease cash for 2015 3.5 SL at 36/39 month 10K miles?

    Thanks!
  • MichaellMichaell Moderator Posts: 240,121

    Can you please post November Residual/Money factor/lease cash for 2015 3.5 SL at 36/39 month 10K miles?

    Thanks!

    36/10 - 57% and .00003

    39 month terms not competitive this month.

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  • cdoescher01cdoescher01 Member Posts: 7
    Does Nissan support 10k/year leases?  Dealer is telling me 12k is lowest. If not what is the residual on 3.5 SL 36 month 12k miles?

    Thanks
  • kyfdxkyfdx Moderator Posts: 235,188

    Does Nissan support 10k/year leases?  Dealer is telling me 12k is lowest. If not what is the residual on 3.5 SL 36 month 12k miles?

    Thanks


    That's a good question. I'm not certain of the answer.

    .00003 MF and 52% residual for 36mo, 12K/yr for 2014 3.5 SL

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  • ny_joe1101ny_joe1101 Member Posts: 15
    Confused.....are there 2 different residuals

    52% for a 2014, 56% for a 2015 for a 3.5SL 36/12k?
  • MichaellMichaell Moderator Posts: 240,121

    Confused.....are there 2 different residuals

    52% for a 2014, 56% for a 2015 for a 3.5SL 36/12k?

    Correct. Older model has a lower residual as it's a model year older now.

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