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Nissan Altima Lease Questions
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I'm in a similar boat with a lease on a pathfinder ending with a $300/mo payment. I've found the cheapest option is simply making your remaining payments and letting the car sit. If you terminate it early and stop payments, chances are the early termination fee you pay will be higher. The nissan dealer should offer to take the car and it'll sit on their lot until the lease expires and they'll roll the payments ($900) into your altima quotes. $900 distributed over a 36 month lease equates to roughly $20 on your monthly payment... so factor that into your negotiations. I'm personally looking now since I'll be over in my mileage so paying that fee vs. having a double car payment for one or two months just about breaks even. there is an incentive to stay with Nissan... I was told it's simply $500 toward your next lease or purchase, so that doesn't quite cover two of your pathfinder payments let alone any wear and tear fees you might encounter turning the car in. In the past I've been able to negotiate waiving wear and tear fees if I remain with the company (Volvo was great about this, I'm not sure about Nissan). As for the money factor, the Altima is by far Nissan's best selling car right now. I would imagine they'll keep the low MF's for a while to keep the company running well through this economic downturn. Bottom line I've found is just to be patient. Gas prices are low so driving the pathfinder doesn't hurt as much as with $4/gal gas. Patience will also allow you more time to shop and really get some bargaining leverage with other brands as well.
Carman or anyone else able to confirm the money factor and res value for a 2009 Altima 2.5S (I'll get conv pkg, mats,) with 15k miles for 39 months, auto transmission?
Thanks in advance for your help. I could not find posts from March for 39 month numbers and not sure if numbers changed from February.
I owed 8 more payments on my 07 Accord of $273 ($2184) I told them I don't need a car I have one but if you payoff my Accord and give me a good deal on a lease I will take an Altima today..I knew they were hungry because it was the last day of month hehehe...
I have a new lease payment of $274 (includes 9% tax in it) 39 month lease..I paid $500 for fees and they cut me a check for $2,184 to payoff my accord.
I am very happy with the deal and love the Altima so far..CVT takes some getting used to but love the manual shifting better anyhow.
PK
2009 Nissan Altima 2.5 S 4dr Sedan (2.5L 4cyl CVT)
MSRP: $22,545
Terms of lease:
39 months
12,000 miles/year
$0 down
In march I received a low offer of $249/month. This was from a price match guarantee that said they would beat any offer by $10/month. So I guess you could say one offer was $259/month, and I took that to the other dealership with the guarantee and they went to $249/month with $0 down.
Now that it is April, I am wondering if I have room to bargain lower? Do the new numbers this month permit this? I would love to get to around $229/month. Anyone know or think this is possible? Or have the numbers gotten worse, and should I be begging to get $249/month still.
I have about 2 weeks to finalize, so any and all help is much appreciated!!
Location is Raleigh, NC.
Thanks!
Car_man
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One thing that I notice about this deal right off the bat is the $2,000 down payment that you are being asked to make. I always advise consumers not to make capitalized cost reductions when leasing. Those who make one risk losing part or all of it 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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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
10K-12K miles per year
0 down pay
36-39 months lease term
Anyone has just lease this vehicle? Could you share the experience and the final monthly payment?
Thanks
my 06 altima SE-R inspected was told the bill would be around 1500.00, knowing i was getting the g by the weekend the inspector advised me to make some repairs and have the car re-inspected at the dealer i made the repairs and turned the car in ,now its 2 weeks later
and i find out the dealer cancelled the re-inspection ! I cant get an answer as to why it happened(they wont return my calls) , as if that wasnt enough the bill from nissan already came and its 2300.00 ! it seems the dealer only paid 1 of my last 3 remaning payments , plus i was told by NMAC that since i am buying a pre owned infiniti from a nissan dealer i am entitled to 500 dollars customer loyalty this and the repairs should lower the bill by at least 1000.00 . i am calling the general mgr of the dealer tomorrow , i am not optimistic of the outcome what recourse do i have ? i want to pay nissan but not what they are asking!
Car_man
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I just talked to a dealer and he said that now the best he can offer is over $300/month with $0 down payment.
Is he giving me some b.s?
Thanks!
And the Nissan site IS offering incentives this month -so I think you can do better than your current deal.
--HLY
got this price from HALDEMAN NISSAN in central jersey.this is all the info i got online.
Thanks for the help
anyone online lease an altima in central jersey recently?
$348 per month including tax (FL 7%) and out of pocket $1198.00. Is this a fair deal?
Miami, Florida
4 door ALTIMA 2.5 SL plus the connection package for a term of 39 Months, $350.00 per month which includes the tax (FL 7% tax). 15,000 miles per year, and out of pocket expense of $580 ( 1st month and title transfer,etc.). Better than yesterday quote.
I am also curious as to the negotiated Cap costs that people have been getting.
According to my calculations, if you were to lease a 2009 Nissan Altima 2.5 S AT that has an MSRP of $22,545 and a selling price of $20,695 through Nissan Motor acceptance Corp. right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $260. Of course, this doesn't include taxes or fees and Nissan enhanced its incentives (the new bonus cash) since your original post) but this is what I would shoot for if I was in the market for this car.
Having said that, Nissan's April lease program was only scheduled to run through yesterday, the 30th. Many manufacturers decided to extend their April programs through May 4th. I'm not sure if Nissan did or not, but either way it will introduce a new May lease program for this car, which may or may not be similar to its April program, any day now. Please feel free to check back with me to get an idea of what the new May program is like.
Car_man
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Nissan's April lease program was only scheduled to run through yesterday, the 30th. Many manufacturers decided to extend their April programs through May 4th. I'm not sure if Nissan did or not, but either way it will introduce a new May lease program for this car, which may or may not be similar to its April program, any day now. Please feel free to check back with me to get an idea of what the new May program is like.
Car_man
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However, on April 17th, Nissan introduced a special $1,000 bonus cash incentive on the '09 Altima that was compatible with its special lease program.
I used the past tense in my above statements because Nissan's April lease program was only scheduled to run through yesterday, the 30th. Many manufacturers decided to extend their April programs through May 4th. I'm not sure if Nissan did or not, but either way it will introduce a new May lease program for this car, which may or may not be similar to its April program, any day now. Please feel free to check back with me to get an idea of what the new May program is like.
Car_man
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As far as what sort of selling price to shoot for goes, if I was interested in leasing an '09 Altima right now I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $1,000 bonus cash.
I used the past tense in the above statements because Nissan's April lease program was only scheduled to run through yesterday, the 30th. Many manufacturers decided to extend their April programs through May 4th. I'm not sure if Nissan did or not, but either way it will introduce a new May lease program for this car, which may or may not be similar to its April program, any day now. Please feel free to check back with me to get an idea of what the new May program is like.
Car_man
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Looks like the new May Nissan Altima programs just came out. Could you tell us the details?
Another question. I got a quote on a 09 Altima 3.5 SE 4dr. MRSP is $33,780, dealer invoice is $30,867. Dealer will give the car to me for $207 over invoice. So for a 39 month lease, 15/yr, dealer quoted me at $386/mo w/ $3000 down total out of pocket in NJ (7% sales tax). Does this seem like a good deal?
Nissan is not providing any consumer cash incentives on leases of this car, but it is providing dealers that hit their sales targets with $1,000 dealer cash per unit.
Car_man
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How does the $3,000 that the dealer is asking you for at lease signing break down? I ask because I usually advise consumers to pay as little money at signing as possible. Consumers who make large down payments on leases 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 monthly payment will be higher, it's safer to go with a zero down lease.
Car_man
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Let us know what the selling price and MSRP are and I'm sure that either myself or another knowledgeable community member will gladly tell you what they think.
Car_man
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The dealer is offering a selling price of $31,150.
With that the lease offer is 39 months, $2,000 down, 15K miles/year and a monthly lease payment of $475.
What do you think?
Not 100% sure what the downpayment is used for... But based upon some of the numbers I saw on the computer screen, I think that it looks something like this:
Inception fees - $1450
$595 aquisition fee
$249 documents fee (title, registration, etc)
$199 window etching (i should really get this removed)
$386 first month payment
Cap cost reduction - $1550
Does that seem about right to you?
One dealer will sell it for $4352 less ($21653)
Is the lease deal good? Seems like sale price is better.
Thanks
http://www.hoselton.com/images/images/newspaper/newspaper_nissan.html
Thank you for the information and guidance you provide. Do you know what the money factor and residual % for the altima coupe is different than the sedans?
I'm trying to find a good lease deal on altima 2.5 S (CVT trans) with premium package. So far the best i could get was 340 (inclusive of tax) + 1395 - ( includes acquisition fee, 1st month payment, other fees) or 353 if i bundle in the $595 acquisition fee into the payment. This is for 12K miles per year.
Edit: Edmunds shows MSRP as 28070, invoice as 26003, and TMV (1500 rebate) 24643.
I feel like the lease is still 15-20 dollars higher than where i'd like to be, but am not sure its doable. What do you guys think? Should I just buy the car instead? The best purchase price i have is 23,900 (26K out the door).
Thanks again.
Just got lease another offer for $280 /month with $1000 down on Altima with MSRP of $26180.
Says that is based on a selling price of $23100.
Residual value $12715
MSRP 221715
I forgot to ask how much the selling price of the car was but does this sound like a good deal?
The selling price of around $1,000 under dealer invoice that you were quoted is an excellent deal. Just make sure that the dealer that you are working with uses Nissan Motor Acceptance Corp.'s current buy rare lease money factor of .00259 to calculate your lease payment in business.
The only adjustment that I personally would make to this deal would be to reduce the amount due at lease signing. I always advise consumers to put as little money down as possible when leasing. Consumers who make large down payments on leased vehicles risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Your monthly payment will be a little higher on a lease with less due at signing, but you'll be safer.
Car_man
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The $249 doc fee is really nothing more than dealer fluff, this this dealership probably charges it on every vehicle so I doubt that you will be able to get them to remove it. As long as the total price that you are being charged for the Altima that you are interested in, including this fee, is less than or equivalent to what you would have to pay for it elsewhere it really doesn't matter how the total price breaks down.
I personally would have the dealer remove the $199 window etching fee. You don't need it.
You would be better off not paying the capitalized cost reduction as well. Yes, without it your monthly payment will be higher but A) you will have that money to use in case of an emergency and one never knows what will happen in today's economy and you won't risk losing the money that you put down if your vehicle is totaled in an accident or stolen and never recovered.
Car_man
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The $1,500 consumer cash that you mentioned is not compatible with Nissan's special lease program, but Nissan is running a special volume-based dealer stairstep program that is. If I was in the market for an Altima right now, I personally would shoot for a selling price of $500 to $1,000 under invoice and see what happens.
Car_man
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I'd like to get this information too? That is the residual and money factor for an altima hybrid for 36 months and both 15,000 and 18,000 miles.
Thanks,
John