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Nissan Altima Lease Questions



  • jerry166jerry166 Posts: 2
    Car_Man I need your advise! I'm currently in a lease for a 2009 Nissan Altame with 32,000 miles on it, I have 12 months remaining on a three yr lease. My current payments are $333.a month ( therefore 3,996. remains to be paid !) I went to a dealership in Rockland NY today>they offered me a 2011 Nissan Altama Sedan, 2.5 SL package w/ Primium Audio Package, 39 months, 15K mileage, first mo. payment and DVM fees, and $359. a month for 38 months. I could live with the 2009 for another 12 months but for $27. more a month I'll have a new car, all be it for another 38 months! I would be grateful for any advise! Thanks Car_man
  • dom6183dom6183 Posts: 13
    edited July 2011
    To anyone with information: for the 2011 Altima COUPE 2.5S, what is the current offer residual (%) and money factor? (39 months and 12,000 miles per year) Lots of people are posting Altima sedan numbers, but I am concerned that coupe numbers are different.

    Also, is Nissan still providing $500 loyalty cash for returning customers for new lease deals? We are not returning a lease right now, but did purchase a 2007 Nissan (paid off in 2010).

  • dom6183dom6183 Posts: 13
    Well, yesterday I found an answer to my own question: the current July program for 39 months and 12k miles uses 51% RV and a really low money factor of .00024 (converts to 0.58%). In fact, we took a deal yesterday for a 2011 coupe listing at 30,415, negotiated sell price of 27,000.
  • rherbert08rherbert08 Posts: 1
    edited July 2011
    Hey guys, I need some help. I am wanting to lease a Nissan Altima but I have never leased anything before so I am not sure how it all works. I have tryed to get some reviews but all of them are around 1990's and 2001. I could not find any recently. What I am wanting to do is lease the Nissan Altima for 3 years and than buy it when my contracts up. Can yall help me out give me some reviews and advise please and thanks.
  • schnu44schnu44 Posts: 4
    edited July 2011
    I went to the dealer last week and put a deposit on a 2011 SL, including the leather, premium audio and 2 convenience packages.

    39 months using NMAC - residual 54% and factor .00039 (0.936%).
    12K mi/yr.

    Payment is 319/mth - with only 1st payment and DMV fees out of pocket (vs my current 08 Altima similarly equipped except basic radio/no backup camera at 347/mth).

    I think its a pretty good deal, considering that the lowest I've seen on this thread is about 305-310/mth.
  • juanca08juanca08 Posts: 15
    I will not recomend a Nissan Altima with CVT's to anybody, My Altima is a 2010 2.5 SL with 13,000 miles. I had a lot of problems and I still have them. The car was in the shop for more than a months, they replaced the trasmission and it took that long for Nissan ingenieers to figure the problem out. I had my car back about a month ago and the same problem started to show up again plus a knocking sound coming from the transmission when I start the car. I have been a loyal Nissan customer up until today.
  • otoluvaotoluva Posts: 167
    Fishy claim!
  • buildncastlesbuildncastles Posts: 2
    edited August 2011
    Hello all,

    I'm trying to find a lease for a 2.5s *coupe* in Northern NJ. Best offer so far (I've gone to two different nissan dealerships) is $1,000 down for $284.99/month for 39 months with 12k miles a year.

    What does everyone think? I'm not sure how much lower I can get them. I've walked out at both dealerships this weekend and neither has called me back.
  • john420john420 Posts: 84
    What is the MSRP?
  • MSRP: 25,000
  • Hello Car_Man,

    Hopefully you see this and are able to help me out quickly - I am looking for MF and residual for August (apparently new programs came out today) for a 36 month, 12k mi/yr lease of a 2012 Altima Coupe 3.5SR. I am planning to meet with a dealer on one tomorrow and would like to have ammo before going in.

    Appreciate the help in advance,
  • Hi 44 ... nj here. same car as you 265.00 a month-
  • frodo_59frodo_59 Posts: 2
    edited August 2011
    28,990 MSRP
    60% Residual (12k miles)
    17,394 end of lease buy out
    26,220 agreed price (25,625 + 595 acquisition fee, no money down)
    .00081 money factor
    9% PA sales/use tax
    39 months

    used info as negotiating tool--locals didnt match but came close enough for me-- could have done maybe $600 ($15/month) better with a 3 hr round trip to another dealer.

    Thanks to all for the info/insights!!!!

    Forgot, Leased 8/1/2011
  • Hi jerry166. Why do you want to get out of your current lease so early? Are you approaching your mileage limit? Generally speaking, it is usually fairly expensive to get out of leases this early. While no one knows what the future lease programs will be like, chances are that you will be able to get a much better deal on your next new vehicle is you weren't trying to get out of your current one so far in advance of its scheduled end date.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi dom6183. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2011 Altima Coupe 2.5S with 12,000 miles per year are .00024 and 51%, respectively for consumers who qualify for its top credit tier.

    The $500 loyalty cash that you mentioned is still available, but it is only for current NMAC lessees who are returning their vehicles. Unfortunately as the current owner of a Nissan I don't believe that you are eligible for it.

    Prices Paid: Buying & Leasing Experiences Forum
  • Greetings rherbert08. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hello Colin. NMAC's August buy rate lease money factor and residual value for a 36 month lease of a 2011 Altima Coupe 3.5 SR with 12,000 miles per year are .00024 and 50%, respectively for consumers who qualify for its top credit tier.

    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man, Thank you for getting back to me!! However, I did go through with the lease deal. I got the car for 39 months, 15k, remote starter, 0 down,349.00 a month which is 17.00 more a month then my current the 2009 lease.I drive back and forth NY - Fla so at this stage in my life I figure I deserve it ....Right? ...I know you agree:) I may be paying a few dollars more in the long run but thats okay.

    Car_man thanks for all the good advise you guys give out on this site. Peace and All Good too You.
  • Carman, can I get a August MF and residual for 39 months on a 2012 Altima SR with premium and sport packages? Also I believe there is $1,000 in lease loyalty correct?

    In addition, Can I get those #'s for the SL. with all major packages except tech

  • hi car man. Please advise august money factor and residual value for Altima sedan 3.5 SR V6 for 39 mos and 10k miles per year. thank you
  • Hi Jerry. Thank you very much for the kind words. Congratulations on getting your new car. In the long run you're right, you are driving a brand new car for only $17 more per month. If that will make your drive to Florida more pleasant, and as someone who once did it in a non-air conditioned Honda Civic with a manual transmission many moons ago I certainly can sympathize, then I can understand why you made the move. Enjoy your new ride!

    Prices Paid: Buying & Leasing Experiences Forum
  • I'd be happy to help you out, mdspinner. Nissan Motor Acceptance Corp.'s August buy rate lease money factor and residual value for a 39 month lease of a 2012 Altima SR Sedan and 15,000 miles per year are .00081 and 59%, respectively for consumers who qualify for its top credit tier.

    I think that the numbers are exactly the same for the SL.

    You are correct, Nissan is currently providing a $1,000 loyalty cash incentive on the 2012 Altima Sedan to current NMAC lessees.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hey 67breaker. Please see my previous post for the information that you're looking for.

    NMAC's residual values for leases with only 12,000 miles per year are 1% higher than its 15,000 mile per year residuals. I'm not sure if NMAC offers 10k leases on Nissan Division vehicles, but if it does its residual values for that allowance are likely 2% higher than its 15k resids.

    Prices Paid: Buying & Leasing Experiences Forum
  • misslaumisslau Posts: 9
    Hi Carman (or anyone else who can answer this),

    Is Nissan still leasing 2011 Altimas? And if so, do you know until when? I'm considering leasing a 2011 but am not sure if they've already switched to 2012.

  • Yes, misslau, Nissan is indeed still leasing 2011 Altimas. It's difficult to say how long Nissan will continue to offer lease support on '11 models for, but I suspect that it will be there for another couple of months.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi,

    I am shopping around for a 2012 Nissan Altima 2.5 S coupe. I am looking to LEASE. I have very specific demands about what I want and I am not willing to compromise. I have been to several dealers and the closest dealer that has the car I want is in MA. I live in central NJ.

    The last dealer said they were willing to have it shipped from MA. The price they gave me for the 2012 Altima coupe was $3,000 down and $360 per month. The coupe has the convenience package, the premium package, and the leather package, which includes the moonroof, HID's, heated seats, BOSE audio, etc.

    I am not trading anything in. The original price they offered was $457 per month to LEASE including taxes and fees and I got up to walk out. MSRP was $32,850 with the packages. They said they would work with me and I talked them down to $360 per month including taxes and fees.

    I am in NJ so I am subject to a %7 sales tax as well, which is included in the price. They do have to ship this car from MA and I did not want to go all the way up there to get the car myself and put that much mileage on it driving it back.

    What are your thoughts on this offer?
  • iccars2iccars2 Posts: 1
    2012 Nissan Altima 2.5S with SL Package for $25,700. MF .00099, 59% residual, 39-months w/12,000 miles at $340 monthly (incl tax). There is a $1600 due at signing, with none going towards down payment. $1,000 NMAC not given. Do you have to apply to NMAC direct for the $1,000? Monthly payment seems high to me.
  • I just leased a 2012 Nissan Altima 2.5SL with Conv Pkg, Conv Plus Pkg, Premium Audio, and Floor Mats for $268 a month plus 7% tax for 24 months. Total due at signing was $1,000 (First month payment, Acq fee, DMV Fees/Title). Cap Cost of the vehicle was $25,500. They also threw in a rear spoiler.

    Seemed like a fair deal to me.
  • Can you tell me how many miles you got a year? Also, what was the MSRP?
  • MSRP was around $28,500, 12k miles per year
This discussion has been closed.