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Nissan Altima Lease Questions
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I am still not taking it yet because I saw Nissan's news reducing the selling cost from 585-4000
According to your msrp and selling price, your monthly lease should be at $321.15 plus sales tax.
OTD should be $321.15 + tax + DMV & fees ($230.00)
Anyway the Altima deal. (36mo/12K year) 2013 Altima 2.5 SV Black with tan interior, puddle lights, floor mats, trunk sub-floor organizer with first aid kit and splash guards. MSRP 26,000 Price paid $23,474. $2500 down +Tag, Title and License of $915.
36 Monthly payments of $204 with residual of $15,600 at the end of the lease.
Seems pretty good on my end but what are your thoughts?
Thanks again
The numbers for an otherwise identical 36-month lease are .00065 and 59%.
If you're interested in a V6 Altima, you may want to price out a lease on a Maxima as well. I have found at times in the past that the difference in payment between the two is often very minimal.
Car_man
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Yesterday I traded my 2010 Altima coupe 3.5SR for a 2013 Nissan Altima 4dr 2.5SV.
The coupe had a payoff of $17,500, 36,000 miles and overall was in good condition. The lease on the coupe ends August 2013.
After a long negotiation process the deal on the new Altima I got is:
0 down.
$350 a month (after CA tax) for 36 months. (35 payments)
Residual Value: $15,006.00 (If I want to purchase the car after lease is over)
Dealership appraised the coupe for 16,475.
More info:
My credit score is 605 and I had a loyalty letter from NMAC. (I know its almost impossible to get a lease without normal credit)
I graduated from collage within a 2 years and I had a 500 rebate. from NMAC.
Did I get a good deal?
I hope this helps others in their purchasing experience.
Here are the numbers!:
Sticker Price:$24,460 MSRP) ---after dest charges = $25,860
Agreed upon Value of Vehicle:$21,790+$595 acquisition fee
Gross Capitalized Cost=$22,385
Downpayment (cash)= $500
Trade in= $600 (old 96 accord w/ over 250k miles and unable to pass smog)
Rebates and non cash creds=$375
SUM TOTAL=$1,475 due at lease signing
Residual Vale=$15,092.20 or 59%.
Total Monthly Payment (includes tax)=$225.73
(--Bumping up to 15k miles a year brought up total monthly payment from $217 orig)
What do you all think? Could it have gotten better? The dealer said he was basically 'givin it away' as the last day of the month-and I established good rapport w/ the dealer. I'm happy I was patient because I was originally getting similar offers for the BASE Model!
Also free car washes (don't know how long this will hold up) for duration of lease
Does anyone know the May 2013 MF & Residuals for this vehicle
at 12,000mi & 15,000mi?
I was quoted the following but when asked another dealer to match,
they said that the wrong residual was used...
Lease Term: 36
Total Payment: 349.00
Out of Pocket: 0
MSRP: 30,785.00
Residual: 17,855.30
Mileage: 15000
Please help....Thank you!
Got a lease quote in nj. $290 per month for 36 months and 12k miles. 1000 down and dealer will make final lease payment on current car (285$). Dealer is also adding a sunroof to the car.
Is this a good deal?
Car_man
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36 month lease, w/ 12K miles per year, and $0 due at signing, and $595 acquisition fee. Payment is $364 per month (higher because of TX treatment of sales taxes on leases). First payment was included, so I only make 35 payments.
Lease worked out to 60% Residual and .00016 money factor. Very pleased.
I was offered $228.00/mo with $1,000 down which includes 1st month lease payment. Price includes tax, fees, registration.
Vehicle price $20,500
Residual $14,268
MF .00103
They also offered me $7500 for a 2007 Altima S with 98,000 miles.
Can anyone tell me if this is a good deal?? Thanks!
Can you please let me know if the lease offer is good deal? Thanks!
3.5SL w/ tech pkg and Nav pkg, 36mo lease, 12k miles/yr
$390/month, $650 at delivery, .0011 money factor
What do you think my payment should be on a 36 month lease with 0 down.
Thanks for your help!
I then walked into a Lincoln dealership and they gave me 429/mo, 0 down on 24mo lease for a new MKZ. It includes all maintenance and free vehicle usage for any maint. So we went with the MKZ.
If you haven't finalized the deal yet, you might be interested in the fact that Nissan introduced $500 bonus cash on this car for the Memorial Day weekend.
Car_man
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According to my calculations, if you were to lease a 2013 Altima Sedan 2.5 SL that has an MSRP of $31,065 and a selling price of $28,565 through Nissan Motor Acceptance Corp. right now for 36-months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $336.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Looking at 36 mo 15,000 miles/year lease for an Altima 2.5 S
I was offered $228.00/mo with $1,000 down which includes 1st month lease payment. Price includes tax, fees, registration.
Vehicle price $20,500
Residual $14,268
MF .00103
They also offered me $7500 for my 2007 Altima S with 98,000 miles.
Can anyone tell me if this is a good deal?? Thanks!
thanks.
MSRP 24,105
Invoice 22,236
dealer price 18,441
I believe this to be a real good price , it also includes freight.
A few QUESTIONs. -
1- I know that msrp is the actual sticker on the car, but what does "Invoice" price mean ?
2- Is "freight" the same thing as "destination"charge ?
I have no problem shipping a car, basically you can ship a car within the same region, like north east to south east , or from colordao to PA as an example, cost is approx 800-1000 (you can get it less, but if you want a carrier to pick it up, you have to offer more, auto carriers work like an ebay sytem, highest prices for a route get picked up first.
now that thats a given. so even with that premium on the car, Ill figure it later. does anyone know of a dealer with the best prices.
ive found a dealer in MD called fitzmall with some low prices, like selling at 80% of msrp, does anyone have a dealer, automall that is comparable or Better (even in florida) ?
PS- even with the premium of shipping its cheaper than buying where I am in florida.
thanks anyone in advance.
It seems like you all are getting quoted crazy payments on an Altima.
I leased a Maxima SV with cold and monitor (everything except nav, awesome Bose stereo) which stickered at $39,500, negotiated $31,000. My lease was $0 out of pocket except first mo payment and registration fee of $100, payment is $285 a mo plus tax ($299 total).
Based on my numbers your Altima lease should be more like $135 a mo. Think about it, why would you pay $228 a mo, thats half the vehicles value over 36 mo. Unless the buyout is $8000 its not a good deal.
http://townhall-talk.edmunds.com/direct/view/.ef9dd85/1907#MSG1907
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Freight is indeed the same thing as the destination charge. It is essentially part of the vehicle's price because everyone pays it. I always find it silly and deceptive that manufacturers break out destination.
Car_man
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Can you please post your money factor, residual and MSRP of the car?
Thanks
heres the car..
2013 altima 2.5S
MSRP 24,105
dealer price 18,441 (the price I am buying it at)
whatever the money factor is at tier one, I will get (anyone know what it is now. I was told .00103 (equates to about 2.5%)
and the lease is for 39 months 12K miles (so no extra charge for mileage to be added in).
and residual value is i believe 60% of msrp = 14463
and I know whatever the figure is (rental plus interest) it is plus tax, but i can do that.
thanks in advance.
can anyone figure it , i always get messed up.
thanks.
ps- thank you car guy for your above answer #1919 to my post #1914.
i figured it this way with rj44 numbers.
depreciation or rental fee is price (adjusted cap cost) 20500 - residual value of 14268 / 36 = this equals 173
the finance fee is ..adj cap cost (price) 20500 x money factor of .00103 = 21
173 +21 = lease price of 194.
this is on a std 36 month lease with a 12k mileage, there is a premium for 3K more per year (15K) so the figure of 228 seems to be accurate.
but carguy, I like to learn, how do you figure it to be 135.
how do you calculate 135 mo.
I spoke to a few nissan delaer and money facotr for tier 1 was .00103 (which is 2.47%. so if that number is real, grab it. no negotiate your price (adjusted cap cost ) and number fit in the formula.
all I can say is wow .00033 .79%
when figuring a lease do you use the price you pay for the car (adjusted cap cost) or Msrp.
the formula I have is to use the adjusted cap cost when figuring the rental fee and the finance fee. and the msrp does not get used in the formula.
of course money factor is used when multiplying with adjusted cap cost to figure monthly finance fee....and residual value is used and subtracted from adjusted cap cost before dividing by number of months to achieve rental or depreciation fee. add up the two fees and you have a lease payment.
rental fee = adj. cap cost - resid value / # months in lease.
finance fee = adj. cap cost x money factor.
add two figures together = lease payment before monthly sales tax.
anyone do it another way or same way,
thanks,
steen.
Residual = MSRP X (residual percentage)
After the residual amount is determined, then the MSRP is not used again in the formula..
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With the low rates you could purcase an Altima for not much more than leasing
The dealer wants $675 cash due at signing and $359 month tax included for 36months, 12.000 miles.
I still have 3 payments left on my current Altima lease which the have taken care of.
Should I wait till the end of my lease, or this is fair enough for this car.
Thank you!!
well this is 81.5% of msrp...
DOES ANYONE know of a dealer in usa with better prices.
and 2.5SV $20937 (msrp 25435) incl carpeted mats. this is at 82.3% of msrp.
so anyone know of a dealer anywhere in USA with better selling price to msrp percentages.
Again, lease support must be weak on the Altima, look at other options, you can get MUCH more bang for your buck.
to go further using your logic, well for $399 you could drive a XTS cadillac, and on and on it can go.
With zero down the lease goes up to $375 plus tax. After taxes the lease payments would be close to double the payment when compared to the Altima. It's a low mileage lease so you'll have to add $1500 at the end of the lease if you drive 12,000 a year.
Car_man
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Car_man
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As an example the current Altima advertised deal is 36 mo at $199 a mo with $2400 down on a unit that MSRP's at $23,925. Net cap cost (final purchase/lease price) $20,232. I know around here you can get a base unit for around 19k if you negotiate. That means no money down except tax, title, license, and you should be able to walk out door with advertised payment (prolly little lower) minus the $ down.
Either way Altima lease support is aweful, even a Nissan dealer told me that, told me July 4th deals would be much better.
I trade my leases for new lease (to any dealer) well before lease is up. Every lease has a buyout amount that changes every month as you make payments. You can take your vehicle and trade in just like you would if you had a loan, and theres no penalty.
Trust me, Im on lease #15 over past 10 years between wife and I.