Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see May lease deals!
Options
Nissan Altima Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
the 298 is for 12k per year
good luck
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Being a repeat customer benefits you if your current lease is through NMAC. I learned on my most recent trip to my dealership that once you have made 18 payments on time to NMAC, you are considered a valued lessee and could get any Nissan you wanted! Because I know better, I stepped away from the GTR in the showroom and got an Altima with more features than my last.
Hope this helps!
Anyways even if i did it wouldn't be bad because it would be an extra $50 a month. Here is the fine print on the ad in the newspaper :
42 month lease. Payment excludes miles and requires the minimum annual mile package of 5,000. prices include all costs to be paid by consumer except your local sales tax, actual registration, and title fee. Prices based on primary lender approval at best tier. Must take delivery from dealer stock. closed end lease without purchase option. Lessee responsible for excess wear and tear. No security deposit required. ) 0 due at inception, total of payments:($9163.00 for Altima.)
The value mileage package is 15k for 13cents a mile and the monthly payment of 2.5s is 99 a month for 42month. It also says 0 due at signing right under the picture of the altima and 0 due at inception in the fine print. On the top of the ad it says "zero down, zero 1st month payment, zero bank fee."
Also will i be paying the tax on the monthly payments ? or in just once in the beginning?
My question is this a good lease deal or should i not even bother?
Thanks in Advance.
Is that a Nissan (NMAC) lease offer?
sounds very shady.
A rule of thumb for lease is $11 per month for every 1k of msrp for a standard 12k/36 month lease. Tax on leases varies by state.
where are you?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
MSRP: 31,255.00
Sale Price: 28,702.95
Gross Cap Cost: 30,403.99
Trade in Allowance: 1,571.97
Adj. Cap Cost: 28,832.02
Residual Value: 18,440.45
Total Monthly Payment: 322.69
Only out of pocket was first month's payment. I also got all scheduled maintenance included for the entirety of the lease. They increased my trade in value by about $250 rather than reducing my sales price in order to meet my monthly payment target, but I was fine with that. Overall, I was satisfied with the deal. So far, seems like a great car for the price. Hope this info helps any future buyers.
why did the gross cap cost go up so much? Only add should have been acq fee of 595 (or so). It went up much more than that...
$727 Sales Tax
$100 Title, License & Registration
$279 Maintenance Contract (They claimed this needed to be itemized even though it was "included" in the lease. Guess they might have got me with this one... oops. Oh well, I'm still satisfied with the deal. It's a nice car).
Don't you hate when dealers/finance guys do that? Sorry to point that out but it is still a good deal overall. BTW, scheduled mx for the first 36 months is probably limited to five oil changes and tire rotations. So essentially, you paid for those upfront, with interest. Enjoy your new ride!
2013 Altima 2.5 SL
MSRP 28780
36 month lease, 15k miles yearly
$400 down
$315 per month, tax included
I live in Orlando Florida and the tax rate is 6.5%
They are also paying the last payment of my 2010 Accord EXL which is an additional $325
Unfortunately I do not have the MF, Residual% and/or sales price they are using as I know you folks typically like, but I figured I would take a shot to see what you all thought of this deal anyway.
I was deciding between a new EXL or this vehicle and I couldn't get my Honda dealer down anywhere close to this. Plus I also signed up for the Edmunds/Nissan $750 gift card deal, so that is a bonus too.
Thoughts? Again, sorry for not having more info at this time, I will post more if I get it.
Altima 2013: 2.5 sl and 3.5sl money factors and residuals for 36 or 39 months 12,000 miles a year. Based on my research, the 3.5 sl carries a better residual than the 2.5 which I find odd. In addition any cash/incentives in the Northeast for Feb? Would you predict a better program in March?
Thanks!!!
Ok, I did the deal and here are the final numbers:
2013 Altima 2.5 SL
MSRP 28780
SALES PRICE: 26,053
TOTAL GROSS CAP COST: 26,648
RESIDUAL VALUE: 16,404.60
MONEY FACTOR: .00072
36 month lease, 15k miles yearly
$400 total down from me/out of pocket (Amount due was $1275 = my $400 and $875 in rebates and non-case credits)
$315 per month, tax included (6.5%, Orlando, FL)
They cut me a check for $325 to cover my last payment on my current lease.
I had no trade in and only paid the $400 with 35 more payments of $315
I also just submitted my info for the Edmunds/Nissan $750 gift card deal
I think that covers it. So far very pleased with the car!
Let me know your thoughts.
Thanks!
Wanted to get your input on this offer and my calculations. I’m turning in a 2010 Altima at the end of a lease and exchanging it for a 2013 Altima 2.5 SL with Tech package. Told the dealer I’m putting nothing down, I want to drive in the old car and drive out the new one with no cost. Been leasing Alitmas for 12 years and this is the way I do it
36 Month lease.
12,000 miles/year.
Dealer’s offer was $375/month, including tax.
My calculations:
MSRP - $30,340
Sale price - $27,979 (I’m using the Edmunds TMV here)
Residual = 60% MSRP = $18,204
MF = .00129
Lease price = $352 (Using Edmunds calculator)
If I include $100 for tax & registration, which is still a valid cost, and the $595 Acquisition Fee, then the lease price calculates to $374, which matches the dealers offer of $375. Since I believe they had to roll those costs in to their total, it seems fair that I do as well. But seems I've seen others on this site getting 2.5 SLs for $340 - $350 per month. If they are paying cash up front for Acq. Fee and Title/Reg., then that makes sense.
Comments? Thanks for you help!!
I paid $400 upfront and got $315 for remaining 35 months of lease with 15K miles. Plus they cut me a check for $325 for my last lease payment on my prior car.
The finance guy told me they used a MF of .00072 on my deal. Not sure why there would be a difference or how they swung the deal (the closest another dealer in town was going to get was $330/mo with $700 down.
Good deal regardless. I'm still working on mine.
Carman, any thoughts on whether Nissan allows any negotiation on MF rate and/or residual?
The numbers for an otherwise identical lease of a 2013 Altima 3.5 SL are .00072 and 62%.
I don't think that Nissan is providing support on 39-month leases of these cars right now.
In the Northeast, Nissan is providing a $375 cash incentive on leases of the '13 Altima Sedan.
It's difficult to say what Nissan's March programs on the Altima will be like. I can tell you that there was no improvement in the Altima's programs from February to March last year, but...this is a different situation because the car was redesigned. Manufacturers usually try to cut way back on support on recently redesigned models when they are first introduced. The eventually have to ease back into it as the months progress. That's what seems to be happening with the '13 Altima. So it probably wouldn't hurt to wait if you're not in a hurry.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
$24,801
$279/mth
.60 residual
.00072 MF
However, the dealer says he will use 2 vouchers to get the cap cost down enough to hit that monthly payment. But he wont tell me the final cap cost and I have no info on the vouchers. I may not qualify for those vouchers. Any advice on how to proceed?
Interesting deal. Quite low for the SV. However, without FULL DISCLOSURE, i would walk. Plenty of other choices in this segment (Accord, Camry, Sonata).
BTW, a better, attainable price is 24200
1. Have you considered trading the TL in if it has positive equity (value > payoff)?
2. For that money, you can get the new Accord and still get a real tranny (not a CVT)
http://pictures.dealer.com/v/vosshondaoh/1727/ac8044a50a0d02b701c6bbd3e20030ec.j- pg
"The numbers for an otherwise identical lease of a 2013 Altima 3.5 SL are .00072 and 62%.
I don't think that Nissan is providing support on 39-month leases of these cars right now.
In the Northeast, Nissan is providing a $375 cash incentive on leases of the '13 Altima Sedan. "
4dr Sdn V6 CVT 3.5 SL msrp $30,560 invoice $29,278
UPDATE: Used the above data (no incentive, invoice sell price, pre-tax) i get 339/month for the std 36 month, 12k mile lease. Tax on leases varies by state so you have to add that in appropriately...
Correct. Right now Nissan has Tax Credits so you will not be paying Taxes on this car.
i asked for more details and if he had alink explaining this program. his reply
It is no a published program for the general public. It is an internal program for Nissan dealers, meaning we do not have to tell you about it. It is usually used from profit, but I am giving it to you upfront in order to be aggressive and earn your business.
is there such a thing? i am not the most experienced car buyer but i have never heard of a dealer essentially eating the tax. any guidance would be appreciated. thanks.
I went with first months payment at signing.
MSRP-25445
Gross gap cost--22843.45
Residual value--14873.90
Monthly payment-255
I turned in a 2010 Altima that they supposedly forgave the last two payments for me to get into this vehicle. I am happy with it.
Can I get the March money factor and residuals for 36 mo 12k miles?
Altima 2.5S
2.5SV
2.5SL
I am in Nevada.
Thanks!
22,000 miles/ year
SL
msrp $29,160
36 month lease
no money down/ only first payment due
$435/ month including tax
Thoughts?
The residual value is $14800. I only put 32,000 miles on it when I could have put 48,000 miles on the car.
The Nissan dealer is saying they need me to pay for another inspection ($300) and buy a new tire before they can sell me the car... Is this true? Also they say I need to pay a restocking fee of $300 before they can sell me the car.
Does this sound right?
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of a '13 Altima Sedan 2.5 SV are .00073 and 59%.
The numbers for an otherwise identical lease of a '13 Altima Sedan 2.5 SL are .00073 and 57%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I have this lease pending in CT:
$329/month for 36 months, no money out of pocket:
2013 Altima 2.5SV w/Navigation and Convenience pkg (moonroof)
Illuminated kick plates included
All Weather Floor Mats
Oil changes no charge for one year
12,000 miles per year
36 month term
Dealer pays remaining 3 months of 6 payments remaining on my 2010 Rogue ($349/mo = $1047)
Nissan waives 3 months of 6 payments remaining on Rogue ($1047)
Lease Loyalty Discout $500
Lease Cash Discount $375
Marketing Assessment Waived ($246)
VIN Etch waived ($199)
$0 down including all taxes and fees
MSRP 30,525 (this seems high to me??)
Residual $18,004
Acquisition Fee $595
Fees and Insurance $872
Upfront Taxes $148
Rebate as cap reduction $875
Money Factor .00073 (1.752%)
This is all the stuff itemized on the sheets printed out for me by the dealer..... what am I missing? All the calculators I've used on line come up with a lower monthly payment.... ???
Thank you!
SL V6: 12K, 36 months: 62% residual, .00118 MF
SL 2.5: 12K, 36 months: 58% residual, .00118 MF
Carman, would/should there be a difference than the .00073 and 57% you quoted above on the 2.5 sl?
Second, navigation usually knocks down the residual at least a point or two.
Third, what is the sales price of the car, MSRP minus rebates/loyalty cash? I would negotiate the sales price of the car before taking account of the rebates. Go on here, figure out the TMV and try and get that.
Car Man, do you have the money factor and residual value figures for the 3.5 SL for the month of March?
Thanks for your time in advance.
-N