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Nissan Altima Lease Questions
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
39 months 15,000 miles
no money down
trade in a 04 max with 134,000 miles (dealer giving me $6237 for it which is $1k more than payoff..very fair considering condition of car)
$22715 retail ($500 rebate)
sales tax $1006
doc fee $299
tag $173
deal comes to $367 m/m
first time leasee...fair or ripoff
Car_man
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Once you are comfortable with this car's selling price, make sure the dealer that you are working with is calculating its monthly payment using NMAC's buy rate lease money factor for a 39 month lease of it, .00076.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can anyone help?
I am a recent college grad interested in leasing or financing an altima coupe so here's my story:
I've been looking at two altima coupes
2008 priced at 24, 753 online
2009 priced at 25, 511 online
I just read that Altima Coupe's dont get the recent grad discount on a lease *sigh* How ever I think if i finance I will get the recent grad discount and I have an internet discount of 500 dollars. I also think all nissans have a rebate on the 2008 models.
Oh well, my options are still open to either finance or lease.
I have a 2007 Toyota Yaris, that I am going to trade in for the pay off. I've been to one dealership and they told me my trade in value was about 10,000..however I owe about 12,000 on the car. Thats a 2000 dollar difference.
My question is: I am interested in a 0 down payment and low monthly payment...whats my best option? Lease or Finance?
Is it feasible to get a monthly payment for about 400 dollars or less if I finance at that price? Let me know what I shoould do...Im interested in purchasing at the end of the month!
*let me know if you need more details* pleaaaaaase help!!!!!
What may make this more interesting is I actually had leased a different new car from the same dealer this past Saturday night. We had a deal in place but I wasn't 100% so they gave me the option to 'change my mind' by Monday and let me take the car w/o signing the official contract...I only signed the spot delivery paper and the temp. I brought the car back to them yesterday because of some scratches and scuffs that were much more apparent in the daylight the next day. They did not give me any problems, except a few tries to convince me to stay in the original car. I did some extra research after I knew I was returning the 1st car and I was able to re-work the terms of the deal with them and move up a model - which is the car I just picked up tonight...and I did sign all the papers this time.
So what should I do...what would you do if this was yours? Take it to service or go directly to sales and insist on a new one? I am having such a hard time rationalizing a brand new car in the shop. I am sure that they will want to 'fix' it and it 'won't be a big deal' but can I insist on a different car, legally?? Thank you in advance.
I just got this quote from my local Nissan dealer, 09 Altima 2.5s with the SL package MSRP $ 26155, selling price: $ 23800, 36 month and 15k miles a year, $500 up front no other fees, $342 a month, how does it sound to you? Also, when you say $0 down lease, are you including all fees in the payment or they are payable separately?
Thank you very much
If it is a ZERO DOWN lease, you should walk away not having paid anything at all except maybe the first monthly payment. You are correct in your assumption. Any fees you don't pay up front will be rolled into your lease and will result in a higher montly payment. The real trick here is to NOT pay any fees other than acquisiton fee. If you are assertive enough you should be able to walk out with the only that one fee but you will never get them to waive the acquistion fee. The main thing is to go into the dealer not even talking lease. Just get the sale price of the car whittled down as much as possible. Then try to hold them to that price when you blind side them with "I think I want to lease."
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Does anyone have the current residuals and MF for the '09 Altima 3.5 SE/SL?
What would a good monthly lease payment be on a 3.5SL with Techonology Package, spoiler, and VDC? MSRP is 33,045 and dealer cost 30,466. Preferably 24 month lease.
Thanks.
Car_man
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To be honest with you, you actually would be much better off going with a 36 month lease, instead of a two year lease. NMAC's 36 month numbers are .00191 / 60% for both the SE & SL.
I worked up a few sample lease payments on the SL that you provided the pricing data for and according to my calculations, its 24 month, zero down, pre-tax monthly payment using a selling price of $500 over invoice would be around $543. The payment for an otherwise identical 36 month lease would be a much more reasonable $407. I told you that the two year lease was no good .
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
If they gave you a hard time, you stand a much better chance at getting a refund if you used a credit card than if you paid cash or gave the dealer a check. You can dispute the charge with your credit card company if the dealer refuses to play ball.
Car_man
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2008 Nissan Altima 2.5S Automatic with mats.
$21,940 MSRP
-$4,000 Dealer / MFG Discount
_________________________
$17,940 Net captialized cost.
So with using these numbers, 57% residual value, and a money factor of .00191% this would bring a monthly payment of $221.81 including tax.
Using these numbers, an MSRP of $21,940, and a selling price of $17,940, I estimate that this car's zero down, pre-tax monthly payment should be around $177.
This is not a realistic lease payment though because the selling price that you mentioned is much lower than what you would be able to get on a lease in the real world. I suspect that you used the $1,250 consumer cash that Nissan is providing on 2008 Altima 4-cylinder Sedans right now to arrive at it. Unfortunately, this cash is not compatible with Nissan's special lease program.
Car_man
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First of all Car_man is this a good deal. Secondly the manager told me I would have to pay the remainder of my previous lease, which was incorporated into this quote. Doesn't the dealer absorb that cost? Last time I was trading in my Maxima for the 06 Altima the dealer took it 6 months earlier and I didn't have to pay a dime. And finally, there is a $500 dollar rebate from Nissan but the manager told me I don't qualify for it due to the fact that I am leasing and not financing. Is that also true?
Thanks
Wanted to get your input. I got the following quote (New York):
2009 Altima 2.5S Sedan/Auto Transmission with Convenience Plus package
39 month lease
MSRP: 24695
Residual: 61%
MF: .00216
Cap Cost: 21931
Buyout price at end of loan: 14640
300/mo , 1000 down out the door (includes TTL, acquisition, etc)
Thanks for your help!
As far as your current lease goes, why should the dealer absorb the cost of getting you out of it early. One way or another you are going to have to pay to get out of a lease five months before its scheduled end date (unless a manufacturer is running a special early lease termination program...and I am not aware of any from Nissan right now). If the dealer says that they are paying your remaining payments for you, that just means that they are not giving you as large a discount on your new car as you would have normally been able to get.
The $500 customer cash incentive that Nissan is providing on the 2009 Altima in October is not compatible with its special lease program. Neither is the new $500 additional bonus cash enhancement that Nissan just announced on the 22nd.
Car_man
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As far as the selling price goes, the car that you are interested in probably has a spread of at least $1,500 between its full MSRP and its dealer invoice price. The $2,750 discount that you were quoted looks very good to me. If you'd like, you can hop on over to the "Nissan Altima Prices Paid & Buying Experience" discussion to see how much other community members have paid for similar cars lately. Just keep in mind that the cash incentives that Nissan is providing on this car are not compatible with its special lease program.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I'm currently looking into the Sentra as a possible cheaper alternative.
Is this an impossible deal?
24/12k/ No money down/ Roll everything into payment/ Due at signing is first month and DMV fees, in NY
For 307 a month?
This is what the dealer quoted me then said he calculated it wrong and came back with 416 a month.
Thanks
Joe
Is this a good deal?
36 MOS
395 PLUS TAX (6.75%)
$1000 TOTAL DUE
33355 MSRP
30657 SALE PRICE
60% RESIDUAL
.00191 MONEY FACTOR
for
2009 Altima Sedan 3.5 SL
Technology Package
Vehicle Dynamic Control
$1000 down, 36 mo, 15k/
Thanks!
Sorry about not including all the info so here it is:
2.5 S Altima with Convinience Plus Package in NY
MSRP: 24695
Invoice price: 23100 (this includes the 1000 that I have on my old altima lease)
Residual: 62% (12k/year)
Mf: .001910
So the final quote was $280 for 36 months (or 270 for 39) with 500 down and all the rest paid upfront (tax,title, first month etc...)
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The money factor that you mentioned is right in line with Nissan Motor acceptance Corp.'s buy rate for this car. If you like it, I personally don't see any reason not to pull the trigger on this deal.
Car_man
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287/month, 1000 down + 1st payment + DMV fees. 12K miles.
I already signed, but just out of curiosity, what's the difference in MF and Residual with 36 vs 39 month for 12K mile?
Thanks!
Here is how the car is equipped:
2009 Nissan Altima
2.5 S 4dr Sedan (2.5L 4cyl CVT)
MSRP / Invoice
G01 SL Package $1,460 $1,327
H01 Connection Package $1,240 $1,075
F02 Convenience Plus Package $1,100 $954
F01 Convenience Package $1,050 $911
L92 Carpeted Floor/Trunk Mat Set (5-Piece) $175 $134
B10 Splash Guards $135 $107
Color Adjustment - - $0
Super Black
Destination Charge $695 $695
Total with Options $27,395 $25,398
Here is the deal:
MSRP: 27,395
Invoice: 25,398
Selling price 25,395 (that's their first, only and final offer-no negotiation-and is $3 bucks under invoice. I tried to negotiate anyway but they politely declined-it's against company policy) However, I thought the offer was very fair, I just thought I'd give it a try on negotiation! LOL.
Wrote the lease up as a 'sign and drive'. Paid absolutely zero today. Therefore, the following additional charges were included in the cap cost:
First Monthly Payment: $378.94
Title Fee $8.00
Registration Fees (MN) $289.00
Doc Fee $75.00
Up-Front Sales Tax $821.39 (MN 6.5%)
Acquisition Fee $595
Total Gross Capitalized Cost is 27563.39
Residual Value (36 mo/12K per year) $16,984.90 (62%)
Money Factor .00191 (Tier 1)
Total Depreciation and Amortized amounts $10,578.49
Rent Charge $3063.65
Monthly payment $378.94
There is no disposition fee, but a $150 purchase option fee if I buy it out at lease end.
I also went over to the Toyota Dealer owned by this same automotive group (same one price policies), and leased a 2009 Toyota Matrix S today. I will be posting those numbers in the Toyota lease forum as well.
Yes, two new vehicles in one day! I am stepping down from two much more expensive vehicles, a 2005 BMW X5 and 2003 Infiniti G35. The X5 is at lease end and the G35 I had on a loan. Lowered my monthly out-of-pocket costs by 40% by doing this, which I believe is the right thing to do when staring into a very uncertain economy, although I have to admit, as nice as these new cars are, they just aren't quite in the same class of what I've left behind! But my budget thanks me.
careyd