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2016 Nissan Altima - Lease Residual MF Prices Paid

sergioc615sergioc615 Posts: 8
edited December 2015 in Nissan
Does anyone know the residual & MF lease info for the new 2016 Altima 3.5 SL 36/12k & 36/15K ?

Comments

  • kyfdxkyfdx Everywhere, USAPosts: 126,124

    Does anyone know the residual & MF lease info for the new 2016 Altima 3.5 SL 36/12k & 36/15K ?

    .00003 MF and 54%/53% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Is that the same for the S and SV 4cyl. 36/12K in NY? Thanks
  • MichaellMichaell ColoradoPosts: 117,768

    Is that the same for the S and SV 4cyl. 36/12K in NY? Thanks

    Yes.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Numbers for January on 16 Altima S or SV in Texas? Thank you!
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    tzinanni said:

    Numbers for January on 16 Altima S or SV in Texas? Thank you!

    .00003 MF and 53% residual for 36mo, 15K/yr for all 2016 Altima trims.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Michaell said:

    Is that the same for the S and SV 4cyl. 36/12K in NY? Thanks

    Yes.
    Any new numbers for Feb? Thank You
  • kyfdxkyfdx Everywhere, USAPosts: 126,124

    Michaell said:

    Is that the same for the S and SV 4cyl. 36/12K in NY? Thanks

    Yes.
    Any new numbers for Feb? Thank You
    .00003 MF and 54% residual for 36/12. All trims.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • What are the numbers for March 36/12 and 36/15 for S and SR Trims in SoCal? What would the total incentives be, including new grad, for a lease?
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    rickyt503 said:

    What are the numbers for March 36/12 and 36/15 for S and SR Trims in SoCal? What would the total incentives be, including new grad, for a lease?

    .00003 MF and 54%/53% residual for either trim.

    No incentive info for Nissan

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • donno2011donno2011 Posts: 20
    edited March 2016
    Am I missing something? Based on the lease vs. purchase numbers, it doesn't seem to make financial sense to lease an Altima given the ultra-low financing rate of 0% for 60 months combined with current Truecar discounts.

    Keep in mind a 36 month 12 or 15k lease will likely require cash-out for tires and brakes towards the end of the lease, or for the "next owner". Those costs should be amortized into the monthly lease payment which could be another $30-$40 per month. If I buy the car I get the benefit of the new tires and brakes, plus keep borrowing at 0% interest.

    Worse, if one goes over the mileage it's a $0.15 per mile charge. The balance owed with minimum down on a loan after 3 years is lower than the residual which means one has the option to keep the car or sell it. Just throwing this out there. Based on 15k but overage to 18k (who knows what happens) the difference between leasing and buying is about $500 over 3 years by my calculations. About the same for Honda Accord. Neither car seems to make sense to lease unless your budget is hinged on $50 per month savings taking into account tires and brakes and some excess mileage, or you know for sure your mileage will be under the maximum..
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    donno2011 said:

    Am I missing something? Based on the lease vs. purchase numbers, it doesn't seem to make financial sense to lease an Altima given the ultra-low financing rate of 0% for 60 months combined with current Truecar discounts.

    Keep in mind a 36 month 12 or 15k lease will likely require cash-out for tires and brakes towards the end of the lease, or for the "next owner". Those costs should be amortized into the monthly lease payment which could be another $30-$40 per month. If I buy the car I get the benefit of the new tires and brakes, plus keep borrowing at 0% interest.

    Worse, if one goes over the mileage it's a $0.15 per mile charge. The balance owed with minimum down on a loan after 3 years is lower than the residual which means one has the option to keep the car or sell it. Just throwing this out there. Based on 15k but overage to 18k (who knows what happens) the difference between leasing and buying is about $500 over 3 years by my calculations. About the same for Honda Accord. Neither car seems to make sense to lease unless your budget is hinged on $50 per month savings taking into account tires and brakes and some excess mileage, or you know for sure your mileage will be under the maximum..

    You are assuming a lot of negatives to skew the numbers towards purchasing. (you'll need tires and brakes, you'll drive 18K/yr on a 15K/yr lease, etc). Those aren't givens. If you are making financial comparisons, you have to make them with known numbers.

    If you sell your purchased vehicle after 36 months, I'll bet on leasing being cheaper for those 36 months. After all, the finance charges on the Altima lease are nearly ZERO, as well. If you plan on keeping the vehicle for more than 36 months, you probably shouldn't be leasing, anyway.

    Leasing isn't for everyone. If you can't complete the lease contract, according to the terms, then leasing can be surprisingly expensive. For those whose needs are met by the lease, you can sometimes save a lot of money.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • slate183slate183 Posts: 4
    Looking into this for a friend...Wanted to see if this was a good deal for this month in NJ 7% sales tax. 2016 Altima SV with Convenience Package and Navigation.

    MSRP: $28,220
    Tax and Tags upfront: $2,100
    12,000 miles/year
    36 months
    Monthly payment $233

    If I back into it, it looks like the selling price is $23,600 with MF of .00003 and residual of 54%
  • MichaellMichaell ColoradoPosts: 117,768
    slate183 said:

    Looking into this for a friend...Wanted to see if this was a good deal for this month in NJ 7% sales tax. 2016 Altima SV with Convenience Package and Navigation.

    MSRP: $28,220
    Tax and Tags upfront: $2,100
    12,000 miles/year
    36 months
    Monthly payment $233

    If I back into it, it looks like the selling price is $23,600 with MF of .00003 and residual of 54%

    36/12 residual on the 2016 Altima is 52% this month.

    Using your prices, I get $249/mo.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • slate183slate183 Posts: 4
    Michaell said:

    slate183 said:

    Looking into this for a friend...Wanted to see if this was a good deal for this month in NJ 7% sales tax. 2016 Altima SV with Convenience Package and Navigation.



    Using your prices, I get $249/mo.

    Great. Thank you!

  • schand820schand820 Posts: 57
    what is the residual and MF for 2016 Nissan Altima 2.5S 36/12 36/10 in NY
  • MichaellMichaell ColoradoPosts: 117,768
    schand820 said:

    what is the residual and MF for 2016 Nissan Altima 2.5S 36/12 36/10 in NY

    .00003 and 52% / 53%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • bigdozerbigdozer Posts: 30
    Need MF and residule % for a 2016 Altima SL 2.5 in NJ.
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    bigdozer said:

    Need MF and residule % for a 2016 Altima SL 2.5 in NJ.

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

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kheart144kheart144 Posts: 1
    Here is quote I received for 36mth/12K lease on Altima 2.5S in KY. It seems like a good starting point, but I've never leased before.
    MSRP 24,285
    Adjusted Sales Price 19,000
    Dealer Handling Fee 599
    Tax 1140
    Tag Fee 78
    Net Sales Price 20,817

    1,000 Down
    Residual 12,628.20
    Monthly Payment 231.14
  • MichaellMichaell ColoradoPosts: 117,768
    kheart144 said:

    Here is quote I received for 36mth/12K lease on Altima 2.5S in KY. It seems like a good starting point, but I've never leased before.
    MSRP 24,285
    Adjusted Sales Price 19,000
    Dealer Handling Fee 599
    Tax 1140
    Tag Fee 78
    Net Sales Price 20,817

    1,000 Down
    Residual 12,628.20
    Monthly Payment 231.14

    I get $228.47/mo with those prices.

    What does the $1000 down cover?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • weis23weis23 Posts: 5
    Looking for MF and Residual % for a 2016 Altima V6 SL in MO.
  • MichaellMichaell ColoradoPosts: 117,768
    weis23 said:

    Looking for MF and Residual % for a 2016 Altima V6 SL in MO.

    What lease term and how many miles per year?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • weis23weis23 Posts: 5
    36/15 with an additional purchase of 3000 miles per year.
  • MichaellMichaell ColoradoPosts: 117,768
    weis23 said:

    Looking for MF and Residual % for a 2016 Altima V6 SL in MO.

    weis23 said:

    36/15 with an additional purchase of 3000 miles per year.

    .00003 and 48%

    Extra miles are deducted from the calculated residual on a per mile basis - not sure of the exact rate for Nissan, but figure .15-.25 per mile.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Good Morning. Can you provide me with the current MF and Residual for a 2016 Altima SL for 36/12 for New York. Thanks
  • MichaellMichaell ColoradoPosts: 117,768
    dimaria said:

    Good Morning. Can you provide me with the current MF and Residual for a 2016 Altima SL for 36/12 for New York. Thanks

    .00003 and 49%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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