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Nissan Altima Lease Questions
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Car_man
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The other important number to focus on when leasing is your vehicle's selling price. Let's take a look at them. You were quoted a dealer discount of around $1,700 on the first car and of around $1,900 on the second car. Both of the selling prices that you were quoted appear to be below dealer invoice, which is an excellent deal.
Both of these deals look very attractive to me. If you like these cars, I personally don't see any reason not to go for it.
Car_man
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According to my calculations, if you were to lease a 2009 Nissan Altima 2.5S CVT Sedan that has an MSRP of $22,545 and a selling price of $18,936 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 $208. The payment for an otherwise identical 39 month lease would be $201.
Car_man
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Car_man
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In short, the best way to get a good deal on your leased vehicle is to negotiate as low a selling price as possible on it and then have the dealer that you are working with calculate its payment using its buy rate lease money factor.
The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. In today's environment, most consumers are able to get high volume vehicles like the Altima for around dealer invoice. You can look up the exact invoice price of the car that you want by hopping over to the New Vehicle Pricing section of Edmunds.com.
Once you have negotiated a selling price that you are comfortable with, have the dealer calculate your monthly payment using Nissan Motor Acceptance Corp.'s current buy rate lease money factor of .00158.
Car_man
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Car_man
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Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2009 Altima 2.5S Sedan with an automatic transmission and 15,000 miles per year are a much more reasonable .00158 and 59%, respectively.
Car_man
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Car_man
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Car_man
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I'm negotiating at this time for a 2009 Nissan Altima S, Automatic Transmission and Radio/CD and my quoted Lease price is $20,909.26 for 36 months and 12000 miles. (Ira Nissan/Tewksbury, MA) Money factor is .00158
$1,000 Holiday
Bonus Cash***
for well-qualified buyers
*** Holiday Bonus cash back when you purchase a new 2009 Nissan Altima Sedan from new dealer stock. Offer ends 2/16/09. Holiday Bonus Cash can be applied to retail and lease sales and can be combined with existing Customer Cash, or NMAC Special APR, or may be combined with NMAC Lease. See Retailer for details.
$%#!&* now I am kicking myself for leasing on 1/30/2009.
MSRP about $26,600 and nego price is $25,900.
Have been quoted $300 month with first month plus $300 in Document fees due upon signing.
Anyone know how much more room is there in this price?
Are Document fees negotiable?
Is there an Acquisition and Turn In Fee or is this included in lease?
The thing is...I want to jump over to the Nissan Altima. I need a bigger vehicle, more trunk space, and a bit better gas mileage.
I don't need anything fancy with the car. Just looking for a 4 door, automatic, 2.5S...all the bells and whistles are not necessary.
My first question would be...does anyone know of any loyalty incentives if I am switching from Infiniti to Nissan? Obviously not the same make, but within the same family. Has anyone ever heard of any kind of incentives for something like this?
Secondly, is there any kind of way to end my lease early and jump into an Altima lease now? Would I be hung out to dry on the remaining Infiniti payments? Is this something that people do/can do?
Any insight/info is greatly appreciated!
Not sure if it matters, but I am in the Raleigh, NC area.
For a 2.5SL with the Technology Package, what should I be paying monthly and what would you say in regards to a down payment?
I've been looking at Jetta's too, but they're just being decontented more and more every year. Plus, I was quoted $340 with $2000 down, which now seems high considering what I could get...
Why are Altima's with much higher MSRP's, being priced close to or lower than a Jetta?
Thanks!
You have no idea how helpful you and the members of this site are,. Thank You!
I live in Florida and plan on leasing an Nissan 09 Altima Sedan in the very near future. I will be driving up to New York with it ... What is the average Dealers service reliability for a car that is leased out of a different State?
Beside regular car insurance and the GAP insurance that you strongly advise... should I be considering any other auto insurance? Feed back for you or other members would be very helpful. Thanks
09 altima SL with conv and conv+
26,485 MSRP
57% Residual (15,000 miles a year)
.00158 Money Factor
7.8% tax
$399 Doc fee
39 months
approximate 400 ttl
I want to get the selling price to 23,500 (including doc, ttl fees), which will give me a monthly payment of 298.
Thoughts??right now they are at 24458 on the first offer to me. is 23500 realistic?
they also ate my last 2 month payment of my current lease which ends in 2 months. also got 15k miles per year in my new lease.
$220 per month for 39 months 12K Miles, no money down, no destination fee, no doc fee, no etch/tire or other bs fee....got them all waived....
paid just tax, motor vehicle fees and the standard acquistion/fee(only bs fee couldnt get waived, but only $495)
hope this helps someone who is looking!
What area did you purchase?
Car_man
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Car_man
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Nissan Motor Acceptance Corp. requires a minimum level of car insurance on leases. You probably don't need anything above and beyond that, unless you would personally prefer to have a lower deductible. I believe that NMAC automatically includes gap insurance on leases at no additional charge.
Car_man
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I have heard some of the dealers use that expression, "roll them into your new lease" what exactly does that mean?
Also, right now I am pretty settled on getting a 2009 Altima 2.5S (Auto) that has a MSRP $22,545. I am looking for a 39month lease at 12k miles/year.
I have seen some people post some fairly good lease agreements so the boards. What would you recommend me to shoot for for my monthly payment ($0 down) in order to get the best deal out there?
A couple days ago someone posted they got out for $220/month ($0 down) and only got stuck with an acquisition fee. That seems like a great deal to me.
All your help is greatly appreciated!!
I am in the Raleigh, NC area...just in case that matters.
Received below quote from local dealer on an 09 Altima 2.5S with Convenience Package and Connection package floor mats and splash guards.
MSRP $25,005
Savings $3,253
Internet Sales Price $21,752
Price looks pretty good however I am looking to lease for 39 months, 15000 miles no money down. Dealer state lease program just changed, any idea what a lease payment would be?
Thanks,
Shackt
A $28,000 Altima 2.5S w/ SL Package, 36 month lease, purchase option at lease end is going to be around $16,000 PLUS SALES TAX, so say $17,000. If you financed that $17,000 for an additional 36 months your payment would be over $510. The additional 36 month loan would cost $18,360. If you negotiated an awesome lease (as several people have reported) you are looking at $300 a month for 36 months. Total payments = $10,800. TOTAL COST TO LEASE THEN BUY $29,160.
You could buy it for $23,500. (People are reporting around $4,500 off MSRP on the S with SL package). Sales tax would be around $1,500. If you financed $25,000 for 72 months, you would owe $13,400 after 36 months. You would've already paid $15,120 in total payments. TOTAL COST TO BUY $30,240.
This really depends on your ability to negotiate a great lease. Some people have reported $290 on the 2.5S w/ SL. Some have reported $400. Even $50 a month difference is $1,800 during the life of the lease. In the long run it is probably at least less of a hassle to just buy it outright. Why even lease if you know you want to keep the car forever?
Current Money Factor & Residual for an Altima 3.5 SL Sedan... 36 month lease... 10000 (or 12000... whatever is minimum) miles/year.
Much thanx!
I'm thinking of leasing an 09 Altima 2.5 S, W/ SL convenience,convenience plus and connection package with mats and splash guards.
How do these figures look
MSRP 27,395
Sell Price 24,546
Residual 56%
Money Factor .00124
Terms 39 months
Tax 6% ( Fla )
595. at signing
333.00 a month with taxes
Feed back appreciated
Re last post # 953 it will have a 15,000 miler per year.
thank you (AGAIN)
I am leaseing a 09 Altima 39months 15,000 miles.Should I take the Nissan Security+Plus Protection package for an additional $350??? I thought Nissan was resposible for the car if something goes wrong with it during the entire lease period!
Thanks for any feed back.
looking at a 09 altima 4cyl, MSRP was $27395 was pretty loaded with options. liked the car!
dealer offered 354/month lease 39 months 12k year with only first pymt due at signing. Ohio tax included at 6.75 percent
seemed ok, but did not release any details.
can someone help with residual, money factor, dealer cash, etc.
Thanks in advance.
Monthly payment was right at $300 including tax on MSRP $27395.
Car_man
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Car_man
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I will work up a lease payment on this car two ways for you, first using the exact prices that you mentioned in your post and then after backing out the $1,500.
According to my calculations, if you were too lease a 2009 Nissan Altima 2.5S Sedan that has an MSRP of $25,005 and a capitalized cost of $21,752 through NMAC right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $244. If I back out the $1,500, this payment rises to around $284.
Car_man
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Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2009 Altima Sedan 3.5L with 12,000 miles per year are .00124 and 58%, respectively.
Car_man
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I don't know the exact dealer invoice price of the specific car that you are interested in, but it probably has a spread of around $1,800 to $2,000 between its MSRP and its dealer invoice price. You were quoted a discount of around $2,850. That is a good price, it is likely right around dealer invoice minus the dealer cash that is available on this model right now.
Car_man
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Again, I personally would pass on the extra coverage.
Car_man
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Now' let's look at the other important number, the selling price. The Altima that you are interested in probably has a spread of around $2,400 or so between its full MSRP and its dealer invoice price. The $1,900 dealer discount that you were quoted isn't bad, but given the current state of the auto industry and the dealer cash that is available on this car I would not be surprised if you were able to shave another couple hundred dollars off of this deal.
Also, I see that the dealer is asking you for a $2,500 down payment. I always advise consumers not to make large down payments when leasing. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your car's monthly payment will be a little higher it would be much safer to go with a zero down lease.
Car_man
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Just want to confirm, Altima S, 36 months, 15k, residual is 57% and MF is .00158? Thanks.
MSRP 26155
CAP cost 22633.09
money factor 0.00124
lease end value 14908.35
12K miles per year @ 260.62 a month.
I have a 2006 Pathfinder on lease with three months left at 300 per month and when we started talking numbers the payment went up to 307 a month because they state that they must payoff my pathfinder??? Arn't there any deals for return customars?
then I'm leaving and they keep telling me what a good deal I'm not taking 307 rather than 260 because the money factor is going to go up.
Any word on the money factor going up?
I know they wanted me to buy today but is there any truth to a change in the money factor?
Thanks for any help.