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Nissan Altima Lease Questions
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Comments
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/
Hi Car_man- can you advise on this?
This is the new offer:
same car/residual & money factor as above, but now:
$650 down (which covers the 1st payment), 39 mo, 15k/yr- payment is $440/mo
Plus, they pay me $2000 now to get out of my lease early (which will be about $1100) and if the promotions are better in Nov, I get those.
Any gotchas? Looks good to me!
09 Altima 2.5S with the SL package, MSRP $26155, 36month/15k miles, $0 drive off, $325.00 a month
Looking at 15k/yr, 36 or 39 mo
Thanks!!
I heard from an unsure finance guy that he thought the Tier 1 money factor on Altimas was going to drop from .00191 to .00174, but that along with that you lose a point of residual, making it pretty much a wash vs. October rates.
Can anyone confirm or deny these numbers? What about other rebates, etc. Any customer cash being thrown out, applicable to leases?
Car_Man, I guess I'm looking to you on this one!
im getting numbers on a new
'09 Altima 2.5 SL
with Connection Pkg
(FYI:they took the dual temp. control away from the basic SL pkg!)
im getting
1st payment + tag
39/12k 339+tax (6%)
considering i got my '07 right when it came out im paying $352.90 for 24 with 2k down.. the rates weren't all that great when they first came out.. but i think the new deal is even higher? HELP PLEASE!!
Thx in advance!
Thanks everyone!
Car_man
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Car_man
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Car_man
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Nissan is not providing any customer or dealer cash incentives on the '09 Altima this month, but it is running a stair-step program that provides dealers with a special cash allowance that escalates as they sell more units. This will only amount to a couple hundred dollars, but it might motivate dealers to take thinner deals than they normally would to hit their objectives.
Car_man
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Car_man
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Car_man
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I did pull the trigger last week. This is what I got:
2009 3.5 SL with VDC and Tech pkg, 39 months, 15/k yr
$650 down which includes the 1st payment, $429/mo
$2000 back from the dealer in the form of a check. Apparently they are losing about $300 on the deal, or so they say. They did mention giving the stairstep to me.
Thanks
They each reported a bump in fuel economy at about the 2000 mile point as the engine broke in, but then another 2-3MPG boost in fuel economy at about the 10,000 mile point that took it over the top!
From a purely financing point of view, Toyota had better deals in October (and, I think, still now in Nov.), and I did indeed look at Camry. However, both my wife and I just liked the Altima a little better. It had a certain little extra 'youthful-ness' to it's design. She thought the Camry seemed really 'middle-aged'.
Perhaps it's us trying to hang on to some little edge as we're now 41 and 39, with two little kids...I guess we ARE middle-aged! LOL! This, of course, was just a personal thing and shouldn't reflect on anyone else's decision-making.
Check them out and let me know if you have any specific questions.
Car_man
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Can you post the November MF and residual rates for the 2.5S 4 DR Altima, 36 and 39 month, for 12K and 15K miles? Also, can a "cash to customer" rebate be used to bring down the Capitalized Cost? Edmunds states their is currently a $750 rebate. Does the dealer keep this rebate on a lease?
Thanks!
Unfortunately, the $750 customer cash that is available on '09 Altima Sedans right now is not compatible with the above special lease program.
Car_man
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I finally got around to writing up a dealer review for both Walser Nissan and Walser Toyota and posted them in the dealer ratings and reviews section. Thanks again for all your help!
careyd
Can you tell me if this deal is good or if I should push for a lower price? Do I have room to bring down the down payment?
Altima 4Dr 2.5 w/ SL, Connection, Convenience, and Convenience Plus package.
MSRP $27,350
Sale Price $25,995 (Invoice + 595 dealer fee)
Residual $16,653 (61%)
MF .00174
12K Miles
36 Months
$1250 out of pocket/down payment (includes 1st monthly payment)
$354/month
Thanks!
If it is not in lieu of an acquisition fee I submit that they can afford-especially in this economy-to sell the car at invoice. They still make 2% holdback at a minimum, plus any subsidies Nissan may decide to send their way.
My deal was for $3 under invoice.
FWIW,
CareyD
Unfortunately the dealer fee was in addition to the acquisition fee. I've been to 3 different dealers and can't get them to sell the car at invoice. Any suggestions on how best to do this?
Thanks!
If you have a valid quote from somewhere else that's cheaper as leverage that was lower it might help. My deal came via a one-price dealer and that was their offer, so I pretty much had to take it or leave it. From the sound of it, your dealer is pretty firm. Perhaps the best leverage is to get numbers on a Camry, the Altima's #1 competitor in the class. Use that as leverage against the Altima? Toyota is running very favorable lease rates right now (better than Nissan), so it's worth a shot as leverage. If you look over my posts you'll see we considered Camry as well but liked the Altima better. Nevertheless it's perhaps a leverage thing.
Frankly though, I'm shocked that in this terrible sales climate they all wouldn't be hungry enough to move on it. I bet you get to the end of the month and you'll have more leverage (then they get worried about their unit counts).
All I can say beyond that is 'Good Luck!'.
BTW saving $595, all other things being equal, should lower your payment roughly $18. (based on the $30 per thousand rule of thumb).
CareyD
Is there a difference in these #'s from the 2.5S and the 2.5 SL? I haven't been to a dealership yet to get #'s but wanted to know what to look for in their initial offers. Here's what I'm expecting based on what I've seen in this thread:
36 months
15k miles
.00174 money factor
60% residual
36 months
12k miles
.00174 money factor
61% residual
Is that information accurate through EOM?
After a trade-in (2500), including tax and a little bit of negotiation, I have it down to 20,800 total. I don't know much about dealer holdback or incentives.
Is this a good deal or do I need to try harder. I live near West Chester, PA (outside Philly). Thanks.
Car_man
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Car_man
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Do you have the December lease rates for the 4 door 2009 Altima's, 2.5SL and 3.5SL, for 36 and 39 months?
Many Thanks!
Car_Man, care to elaborate?
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email blast copy below
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$229 / month Sign and Drive
Lease on 2009 Nissan Altima 2.5S
This is a true no money down lease. Just sign and drive. Recent increases in incentives from Nissan USA have allowed us to make this great lease offer.
Lease Details: 39 month lease. 12,000 miles per year. $0 security deposit. No other fees due at inception. $229 payment does not include applicable sales tax. Offer valid through 12-31-2008. may not be combined with any other coupons or offers. Offer based on approved credit.
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careyd
http://local.nissanusa.com/southeast/index.html?dcp=omd.29933993.&dcc=29564408.2- 09045474&dcn=1
2009 Altima 2.5 4 cyl. with convenience and mats and splash guards
msrp 23595.00. If I can negotiate selling price of 21000.00 (prior to the
current 1500.00 rebates which will be used to reduce cap cost). Add
in acquisition fee %595.00 and NJ tax 7% only on lease portion not full selling price, based on today's money factor and residual can you give me monthly payment? I will pay cash for doc fees and motor vehicle fees.
Thanks.
15K, 39month $ 306, $450 otd (incldes first payment)
Just picked it up.
Interestingly, NMAC's numbers for an '09 Altima 3.5 SL are exactly the same.
When negotiating your lease on this car, make sure to take advantage of the $750 bonus cash that Nissan is currently providing on it.
Car_man
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Could you please clarify this for a novice: can the cash back be applied for a lease? Different posts are contradicting: some say no (only cash) others say yes, sure. Even when reading the edmunds incentives I don't get it:
"Restrictions $xxx Dealer cash may not be combined with 0% APR - 0.90 % APR and vehicle must be financed through the manufacturer's captive finance company.
Comments Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement."
The way I read the above is that by leasing the dealer still gets its cash back -if they participate, that is. Am I wrong?
Any ideas?
Thanks a lot,
C
Car_man
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That's a lot of car for the money. For some reason, this model has outstanding residual values.
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