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Nissan Altima Lease Questions
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Car_man
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And I realized that it is suggested "in NY ... $400.00 lease for the 3.5SL as is and up to $440.00 for added features".
I leased 2005 Acura MDX for $435 including taxes and fees">. Why would you want to lease a Nissan Altima for $400?<img src="
Car_man
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If they were really waiving the deposit, because of your good credit, there wouldn't be any adjustment in the money factor. The .00015 MF bump is the standard increase for someone who wishes to waive the deposit, and as you correctly calculated, this will raise your payment.
I doubt the dealer benefits from this transaction (minimally, if they do), but they probably see less resistance to price, when a customer doesn't have to make a security deposit.
It would be in your financial interest to make the deposit, and have them use the lower money factor.
regards,
kyfdx
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Are there web sites or forums that perhaps give some guidance or tip-off about possible cash back to dealer/customer or lease supports for the upcoming month? If money is forthcoming in April, I'll wait. Thanks!
David
Thanks for your advice. I called the dealer and insisted that I will put the security deposit down in cash at signing and I wish to have my money factor lowered accordingly. Is there a standard amount that the security deposit should be? One dealer quoted us $2000 and the other $500. I think I prefer the $500 ;-)
Just curious...
You are correct, I think... Definitely not a truthful way to describe the waiver..
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After next Monday and we will be into April - do you expect any change to the MF and Res. % on a 3.5SE 36 months 12000 or 15000 ml per year.
I agree the Nissan MF is way H I G H and in a no incentive environment, this ALtima is simply not flooding the market and I expect Nissan to have to do something gradually.
I forgot what happen to my last lease.
Is the Security Deposit 'refundable', that is. it can be applied towards the last payment on the lease or it is money already given to Nissan unconditionally?
Also I was told there was not much difference in the 36 month lease. It was only a few dollars more like $5.00 more. If that is the case opt of the 36 month so that you will be fully protected under warranteed. If you lease for 39 months you are on the hook for 3 months without the full warranteed.
Good Luck!
E-man
What is the April MF and Res. % on a 3.5SE 36 months 12000 and 15000 ml per year? thanks.
MSRP-31825.00
INITIAL CAP COST-28963.00
ADJUSTED CAP COST-29558.00
RESIDUAL-60%
MONEY FACTOR-.00247
All I would owe to drive off is first months payment and a doc fee of 506.70. The doc fee seems a little high to me but I am happy with the other numbers. The only problem is when I use the numbers above, I come up with a payment(excluding taxes) of 380.81 and the dealer is quoting 410.81(excluding taxes) which is exactly 30 dollars more than my calculation...seems kind of strange.
Thanks all.
Would it make sense that I was quoted a cheaper price for a 3.5 SE in March, which was about $3,000 more than a 2.5 SL in April, just a month later...??
Thanks!
Any help would be great!
Thanks
That leaves only one variable, the negotiated selling price. You go to the link below and spec out your ALtima (SL always has leather & loaded enough without the fancier electronic gagets, ABS will automatically be added, and I suggest you take the splash guard, and floor mat. That will be it. )and the site will also give you the invoice value. That is your magical figure. Walk up to the dealer, and ask to buy the car at invoice. You should be able to get at least down to invoice plus 300-400 w/ some shopping around.
http://www.cars.com/go/config_frameset.jsp?zc=52722&fs=&so=asc&rd=100&trf=homepa- genew&tracktype=newcc&config=t&srv=dealer&sk=dst&ddrd=30&sb=dst&act=ncbssrch&mki- d=36&referrer=configurator&year=2007&mdid=331&mdnm=Altima&szc=&rt=quick_ncbs.tmp- l&affiliate=national&aff=national
Only focus on the final selling price and you must have that nailed down to know how good a deal you have before confusing with all the other things. All the other things will fall in place unless the dealer is screwing around. DO NOT distract or let yourself be distracted by focusing on how much you pay a month. That is driven by the price, period.
The dealer wil charge a doc fee to do the lincense etc. and they of course make some money from that and that should not be higher than 500 or so. The dealer finance guy will have to show you the calcualtions and you must understand every figure before you can start to decide.
Again, the selling price is what you gauge the deal with.
Look at all other things as your money to chip in to lower the amount of money on 'loan' and to drive down the payment with. Look, you trade in a car, that is your money and it has a blue book price and it does not have to be factored in until you know the selling price of the new car. You can pay as much down as you want with your own money, and of course, it will accordingly reduce the money on loan and mathematically reduce your month amount. You basically use your own asset to buy down. Search 'Nissan incentives' to see if there are Nissan factory incentive. That will be extra/bonus, but consier them after getting the selling price.
If you are really into checking the dealer's calculation, search for a site with 'auto lease calcualtor'. You plug in the first dealer figures and check out the calcualtions so that you knwo what things to be and go to the next dealers.
Good luck!!
Car_man
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Nissan Motor Acceptance Corp.'s current buy rate lease money factor for a 36 month lease of a 2007 Altima 3.5 SE with 15,000 miles per year are .00221 and 59%, respectively. Its 12,000 mile per year residual value is 1% higher.
Car_man
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This car's lease program varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2007 Altima 2.5 SL with 15,000 miles per year are .00221 and 57%, respectively. If these are the terms that you want, make sure that the dealer that you are working with uses this money factor to calculate your monthly payment.
Good luck in your quest for a new vehicle and let me know if you have any other questions.
Car_man
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I would be happy to give you my opinion on the lease that you mentioned in your post, but you never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. Let me know what these numbers are and I'll tell you what I think.
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Thanks so much for your help!!!
15,000 mi, 36 mos
MSRP $30,900
Payments including all NJ taxes, title, reg, fees, etc:
$416 / mo.
Nothing down but the first payment, so its $416 x 36 total out of pocket.
Im pretty sure I got a good deal. Car_Man?
Thanks in advance.
Car_man
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Thanks
Just want to make sure they're accurate....Does anyone know for sure?
Thanks Carman!