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Nissan Altima Lease Questions
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I'm looking in terms of per month price. And in that view, the Altima is nearly $100 cheaper. I thought it was 'too good' of a deal to be true. I guess they just overstocked?
I wonder how it would compare in similar terms, though.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
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I live in Colorado. I think the local dealer is high-balling me. What should be my monthly costs, cap cost, money factor and residual for a 2006 Altima 3.5 SL, no special add-ons, 36 month, 15,000 miles per year, one-month up-front only, with tax rolled into deal.
Thanks
factorco
i have a 2003 altima sl with approx $26k miles on it. i pay $360/mo on a 62 mo loan w/ 0.9% apr. i'm half way thru the loan. that being said, i would like to get my monthly pymts down around $250 or so.
the car i would trade in for optimally would be a 2006 altima s w/se pkg (should have most/all of the features that i want off my sl). i would lease it for say 39/mos. i don't have any numbers except what is currently on the nissan site.
how do i negotiate a lease offer? do i negotiate the price as though i were trying to buy and then take that number to use for the lease? do i tell them im trading in upfront? how do i negotiate the trade?
as you see i have many questions. when i purchased the altima it was my first time and i almost threw up while signing the documents. so this is a stressful experience for me to say the least. any feedback is appreciated.
thx!
you can always trade it ... with enough money, you can do alot of things.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Trading any car this quick means you take a big hit in the wallet. Vehicles depreciate the fastest when they are new.
Again, with enough money, you can do anything you want, but its a matter of whether its worth it. Unless you put a good amount down, odds are you have negative equity in the car. so you'd need to consider how it will affect you to roll that into your next car.
You also have to be careful that you don't get into a cycle of hating your cars and trading them too soon. You need to figure out what you can do to make sure you don't buy another car "just to get out of the altima" and then wind up hating that just weeks later.
I can kind of feel your pain. I was also looking at the Altima in terms of downgrading and lowering my bills. I ultimately went with the Accord and am still satisfied with my decision after 2 months.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
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Can anybody tell me if it's a good deal? This is the first time I'm leasing but I really wanted the leather seats and bose audio for that price. The dealer wouldn't budge at all. I couldn't help but wondering if I got a good deal.
Please let me know. Car Man?
Thanks.
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There's nothing wrong with telling the dealer that you are working with that you want to trade in your current vehicle at the beginning of your negotiations. It is a good idea to treat your trade and your new lease as two separate transactions. Negotiate the best possible deal that you can on your lease and then see how much the dealer is willing to give you for your trade. If you have equity in your trade have the dealer cut you a check for it rather than use the proceeds as a capitalized cost reduction for your lease. I always advise community members against making down payments on leased vehicles because if their vehicle is totaled in an accident or stolen and never recovered, their down payment essentially disappears.
Good luck and let me know if you have any other questions.
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As far as this car's lease program goes, Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2006 Altima 3.5 SL with 15,000 miles per year are .00045 and 53%, respectively. 15,000 miles per year is the highest mileage allowance that NMAC publishes residual values for. If you need to drive more than this you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than to wait until lease-end and have to pay an excess mileage penalty.
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The MSRP was 22k, I think.
Also what do you think about a 2.5 special edition and a 2 year lease with 12k per year. All the talk seems to be around a 3year lease at 15k. Can a 2year lease on this type of vehicle pay work for my daughter who would be leaving for school in 2 years? Any info you could provide would help.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Term: = 3 years w/15k miles per
MSRP = $26,855
Selling $ = $1 over invoice
Money Factor = .00224
Resid = 61%
Bank fee & first pmt = ? I'm guessing about $900
$0 up front
MSRP: $32,700
Sales Price: $29,505 (includes freight)
Residual: 53%
MF: .00045
Acq. Fee - $575
VA sales tax 4%
36 months 12K miles/year
no security deposit
zero down
1st mo. pymt at signing
The dealer quoted $431/month. I ran these through edmunds calculator and I get $403. $28/mo. difference. Am I missing something or is it just hidden dealer profit?
Also, the car has been on the dealer lot for a year now. Should I be skeptical about that? Can I get more of a discount too?
Got a message from the salesman about 20 min after I left the dealer. They have some "dealer cash" suddenly and dropped to $399/mo.
So, based on the numbers from Edmunds calculator, I'd be looking at $371/mo.
Any insight? I need to close the deal before the end of the weekend. My current car lease is up on 8/23!!!!
Thanks!
I need the 24 mos. and 36 mos. money factor and residuals rates for a 2006 ALtima S SE for the So Cal market for the highest credit rating.
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Nissan's two year lease program on the 2006 Altima is actually very attractive right now. There's nothing wrong with entering into a two year lease on one.
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You shouldn't really be skeptical that this car has been on the dealer's lot for a while. You are getting it for a pretty good price, I would not be surprised if you were able to get a slightly better one given how long this car has been on the dealer's lot but I would not expect any dramatic changes.
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I just leased 2006 Altima 2.5S for 36 months NOT RECALLED
i paid $650 out of pocket including 1st month payment and my monthly payments are $247.50 Dealers that i went to before kept calling me to see if I bought i car already. When i tell them yes they ask me how much. When I tell them how much I'm paying a month they tell me its very very very unrealistic. It got me worried a little. Does 247.5 a month seems unrealistic? I just want to make sure there wont be any charges in the future
thank you
I qualified for all rebates($1500), discounts($1000 + $?) ,inicetives( $1000 +$? ), loyalty customer program($?), easy deal no hassle - dealt with a general manager.
Altima2.5S SpecialEdition with aluminum wheels(last one there), AutoMate, and etc. (sticker price over $23000),no demo vehicle-ODO with only 41 miles.
24mon. 15k miles/year , 0 down, $278/mon. with tax (for my zip %7.4), also free maintenance - SWEET.
I believe my residual value is %62 or %61 but I'm sure I qualifed for 0.00033 money factor(less then %1 APR) through Nissan Motor Acceptance Corporation (NMAC).
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Do you happen to have any info on the current lease programs available on the '07 Models. I'm looking at either a 3.5 SE or SL, 15k/year, 36 Months. Any info you can provide would be much appreciated.
Thanks!