2014 Nissan Altima Lease Questions

capco · July 2014

A dealer quote as taken from the contract (yet to be signed):

2014 Altima 2.5 S MSRP 23,570
Selling Price: 20,975
Admin Fees: 589
Acquisition fee: 595
License Fee: 29
Cap Fees: 69
Gross cap cost: 22,228

Total rebates: 1050
Total cap reduction: 1665.32
Customer cash: 877 (includes 1st monthly pmt)
Amt Applied Upfront: 261.68
Net Cap Cost: 20,562.68

56% Residual
MF 0.00003
36/12000
0.10/mi

Base Monthly payment: 205.55
Monthly Tax: 6.17
Total Monthly payment: 211.72

Your opinions on this deal??

kyfdx · July 2014

So... $877 upfront and 35 more payments of $211.72? Pretty good for a $23.5K MSRP.

frankynj · July 2014

@capco said:
A dealer quote as taken from the contract (yet to be signed):

2014 Altima 2.5 S MSRP 23,570
Selling Price: 20,975
Admin Fees: 589
Acquisition fee: 595
License Fee: 29
Cap Fees: 69
Gross cap cost: 22,228

Total rebates: 1050
Total cap reduction: 1665.32
Customer cash: 877 (includes 1st monthly pmt)
Amt Applied Upfront: 261.68
Net Cap Cost: 20,562.68

56% Residual
MF 0.00003
36/12000
0.10/mi

Base Monthly payment: 205.55
Monthly Tax: 6.17
Total Monthly payment: 211.72

Your opinions on this deal??

How much negotiation did you do for this lease price?

capco · July 2014

Not much negotiation. Basically, I signed on with TruCar who sent my inquiry to their "guaranteed dealers" and this dealer contacted me with a non-lease offer with higher rebates but was close to my target price (as per the TruCar recommendation) and they came up with this quote. So, you think it's good? Or loaded with fees? This is my first time leasing. Residual quoted as $13,199.

viggs · July 2014

Hey guys, wish I know about this site before I leased my new 2014 Altima this weekend.... I wanted to know if I got a good deal on my car.

2014 Altima SV MSRP 25,700

$1,000 Down (including tax+fees+first month)
$255 a month.
36/12000 miles
I believe the MF is 0.000003

I have the contract at home if you need more info let me know.

Thank you!

Michaell · July 2014

@viggs said:
Hey guys, wish I know about this site before I leased my new 2014 Altima this weekend.... I wanted to know if I got a good deal on my car.

2014 Altima SV MSRP 25,700

$1,000 Down (including tax+fees+first month)

$255 a month.

36/12000 miles

I believe the MF is 0.000003

I have the contract at home if you need more info let me know.

Thank you!

If the $255/mo is with taxes, I'd say you got a pretty good deal on a car that stickers north of $25K.

viggs · July 2014

@Michaell said:
If the $255/mo is with taxes, I'd say you got a pretty good deal on a car that stickers north of $25K.

Yes it does. Thank you for the quick reply!

frankynj · August 2014

Do the end of the month good deals really exist? My interest in the Altima is that it has a lot of front leg room. I hope I don't have to pay a lot for comfort.
http://www.edmunds.com/car-reviews/top-10/top-10-sedans-for-tall-drivers-for-2014.html

Michaell · August 2014

@frankynj said:
Do the end of the month good deals really exist? My interest in the Altima is that it has a lot of front leg room. I hope I don't have to pay a lot for comfort.
http://www.edmunds.com/car-reviews/top-10/top-10-sedans-for-tall-drivers-for-2014.html

If you read back a page or two, you'll see what others have been paying for their leases.

What trim level, lease term and miles per year are you looking for?

scovee · August 2014

Hi all. From Chicago here, wondering if this is a good deal. Got an offer yesterday on a 2014 Altima 2.5S, with mats, spoiler, remote start, 16" alloy wheel, molding and splash guards.

MSRP: 24800 (including $810 destination and options)
Cap: 22600
Residual: 55%
MF: .0003
Down: $600 (1st month plus license,title,doc)
Monthly: $314 (36mons/12k, including Chicago taxes)

I feel like I can get them down a bit. Any thoughts? I did the numbers and it seems okay considering IL taxes are rolled in.

Michaell · August 2014

@scovee said:
Hi all. From Chicago here, wondering if this is a good deal. Got an offer yesterday on a 2014 Altima 2.5S, with mats, spoiler, remote start, 16" alloy wheel, molding and splash guards.

MSRP: 24800 (including $810 destination and options)
Cap: 22600
Residual: 55%
MF: .0003
Down: $600 (1st month plus license,title,doc)
Monthly: $314 (36mons/12k, including Chicago taxes)

I feel like I can get them down a bit. Any thoughts? I did the numbers and it seems okay considering IL taxes are rolled in.

The dealer is using the base MF of .00003 (four 0's, not three), so the only way to reduce your payment is to negotiate a lower cap price and/or put money down (which we don't recommend).

IL taxes kill your leases - but, the law is changing as of 1/1/15.

brian125 · August 2014

Michaell

Hi mike,

Can you provide me with lease numbers on a 2014 Sl Altima, 3yr, 12k . TKS

Michaell · August 2014

@brian125 said:
Michaell

Hi mike,

Can you provide me with lease numbers on a 2014 Sl Altima, 3yr, 12k . TKS

2.5?

53% and .00003

brian125 · August 2014

Mike....................... tks....2.5

deep6ed · August 2014

Hi. I'm working on a 2014 Altima SV deal in NJ. 36 mos./ 12k miles a year. Based on previous inquiries the residual is 0.56. What I really need to know, however, is what is the MF for the dreaded Tier 4? I know it is significantly higher but I'm hopeful that I can still work out a reasonable payment for this vehicle since my current lease terms in a few months. Thanks.

kyfdx · August 2014

@deep6ed said:
Hi. I'm working on a 2014 Altima SV deal in NJ. 36 mos./ 12k miles a year. Based on previous inquiries the residual is 0.56. What I really need to know, however, is what is the MF for the dreaded Tier 4? I know it is significantly higher but I'm hopeful that I can still work out a reasonable payment for this vehicle since my current lease terms in a few months. Thanks.

I show the residual for the 2.5 SV as 55% for 36mo, 12K/yr.

The base MF for Tier 1 is .00003, while Tier 4 is .00036, so not too bad of a hit.. .00033 higher..

deep6ed · August 2014

thank you very much!

brian125 · August 2014

@viggs.... Check your IM

v4npro · August 2014

I don't have the exact numbers with me but I just got a 2014 Altima 2.5 SL fully loaded(sunroof, nav) 36mo./15k mi. for $350 a month with $350 first month payment down. Is this a good-ish deal?

Thanks

deep6ed · August 2014

A few nissan dealers in the NJ/ NY tristate area are advertistising $4000 lease loyalty cash on their websites. Does anyone know if Nissan is offering that much loyalty cash or is it the respective dealer? Further, with any loyalty cash offer does the dealer have carte blanche in using it ie some towards payments on old lease and some towards the new deal like cash back, etc. The only offer i've seen from dealers is $1225 lease cash + $500 NMAC for '14 altima lease but wanted to make sure i wasn't overlooking anything. Thanks.

brian125 · August 2014

deep6ed,

A lot of Nissan dealers like.... Miller Atlantic , Lynne's , Huntington were running the early spring 4k lease incentive in our area that ended 3/31/ 14.. What dealers are you speaking of in our area??

I know Nissan was pushing to sell some models in early spring but think that's gone. I looked on above web sites and that 4k incentive ended march.

I'm going to help my friend lease a SL Altima so keep me posted on any good dealers you come across with pricing and I will do the same.

brian125 · August 2014

@v4npro said:
I don't have the exact numbers with me but I just got a 2014 Altima 2.5 SL fully loaded(sunroof, nav) 36mo./15k mi. for $350 a month with $350 first month payment down. Is this a good-ish deal?

Thanks
@v4npro said:
I don't have the exact numbers with me but I just got a 2014 Altima 2.5 SL fully loaded(sunroof, nav) 36mo./15k mi. for $350 a month with $350 first month payment down. Is this a good-ish deal?

Thanks
@v4npro said:
I don't have the exact numbers with me but I just got a 2014 Altima 2.5 SL fully loaded(sunroof, nav) 36mo./15k mi. for $350 a month with $350 first month payment down. Is this a good-ish deal?

I think our gracious host @michaell will be able to help you with the breakdown on your deal . I'm also curious to see if you received a good deal for I'm leasing the same vehicle but with 12k instead of 15k.

@v4npro, Did dealer try to stick in the 281 advertising fee on your lease.?

When you look at the numbers on your lease please post what the agreed selling price was on the vehicle and what incentive/ rebates dealer gave you. Tks ...........................Brian

carqs · August 2014

Would you be able to provide MF at the different credit tiers for 2014 altims 2.5 sv?

deep6ed · August 2014

@brian125‌. Its currently on Meadowlands Nissan Website under specials and the first item and it says expires 8/31/14 on website. After posting I saw several of those offers at other dealers that expired at the end of the first quarter. We are turning in a lease with 18k miles and while many dealers will agree make/ waive remaining payments most want to see car before even making an offer on payments for new deal.

Maybe its me but in worse case scenario they term deal with 4 remaining payments and don't take for their inventory they can figure out a payment. Should they want vehicle and it has equity bonus for me with new found cash for new deal. After going to several dealers this past weekend and their wasting my time, i'm not anxious to visit anymore unless i know we are in the neighborhood. One mistake I believe I made was not steering the conversation away from payment to cap cost or selling price.

Hopefully we will complete transaction Saturday and I will post the details of the deal. Thanks for your input brian125.

brian125 · August 2014

deep6ed,

Remember most dealers have a high doc fee charge in NJ where as NY can only charge 75 dollars by law. NJ doc's can go as high as 499. Take that into consideration before agreeing on the final sale price of vehicle.

deep6ed · August 2014

@brian125‌ Thanks again I will keep doc and inception fees in mind. I think that by having discussion about selling price at least I can see if they are really trying to work with me or not. I can estimate payment myself with that info.

Now if I could figure out how to not go to a dealer until we are ready to sign. Oh well, rome wasnt built in a day!

Michaell · August 2014

@v4npro said:
I don't have the exact numbers with me but I just got a 2014 Altima 2.5 SL fully loaded(sunroof, nav) 36mo./15k mi. for $350 a month with $350 first month payment down. Is this a good-ish deal?

Thanks

hard to evaluate unless we have the MSRP and selling price.

Michaell · August 2014

@deep6ed said:
A few nissan dealers in the NJ/ NY tristate area are advertistising $4000 lease loyalty cash on their websites. Does anyone know if Nissan is offering that much loyalty cash or is it the respective dealer? Further, with any loyalty cash offer does the dealer have carte blanche in using it ie some towards payments on old lease and some towards the new deal like cash back, etc. The only offer i've seen from dealers is $1225 lease cash + $500 NMAC for '14 altima lease but wanted to make sure i wasn't overlooking anything. Thanks.

Hard to say .. some of these dealers may simply be calling their discounts from MSRP "lease cash". Or, they are using finance companies other than NMAC. Check the Car Research tab at the top of the page for the current Altima incentives.

I'm not 100% certain, but I think lease cash can be used only in two different ways - 1) as cap cost reduction (down payment), or 2) to help cover up front expenses like taxes and fees. I suppose #1 might cover negative equity from a trade.

Michaell · August 2014

@carqs said:
Would you be able to provide MF at the different credit tiers for 2014 altims 2.5 sv?

I don't have the actual scores associated with each tier; here is what Nissan provides:

Tiers 1-3 - .00003
Tier 4 - .00036
Tier 5 - .00078
Tier 6 - 00123
Tier 7 - .00178
Tier 8 - .00365
Tier 9 - .00465

Numbers above are valid for either 24 or 36 month leases.

v4npro · August 2014

@brian125 said:

@Michaell said:

Ok, so car value $27145, upfront sales tax $720, title registration etc.. $299, acquisition fee $595, service maintance(got the basic plan oil change+tire rotation)$849, prc $300..

total gross $29908
gross capitalized cost $27145

residual value $15511
depreciation 13397
rent charge 47.85

looks like they gave me $1373 off with rebate and incentives.

So again my payment is $373 a month. I figured I'm just paying in advance on the oil change and tire rotations since I got the basic plus service plan which I think I can cancel if anyone here thinks its not worth getting and would drop my payments to $350.

brian125 · August 2014

If you paid 849 for oil change svc. Please cancel it. 300 is okay but still pricey to me.. Figure 2 oil changes a year x 6 or 3yrs. ??? At 30 dollars a oil change would be 180 dollars for 3 years. How much will it cost you at a local shop.. Or do it your self.??? Here in NYC a. reg/ oil change can be done as cheap as 21.95. A synthetic oil change is more but you don't need to use synthetic unless manufacturer requires it.

v4npro · August 2014

It's every 5k miles. They said they use semi synthetic oil and they charge $69.95 a oil change. So I figured if I get 3 oil changes a year and 4 tire rotation everytime would be around same price. I got 30 days to cancel according to the fine print with 100% money back.

v4npro · August 2014

Ok, I going to cancel the service package. I just called the dealership and an oil change is $49.95 NOT $69.95 which I was told during signing the paper. And 4 wheel tire rotation is $25. So $75 total, not worth the $849 over 3 years I can do cheaper. 5qts of full synthetic at walmart is $25. Damn places do really over charge for synthetic

brian125 · August 2014

Yep. I buy all my oil at Walmart and buy 2 or 3 filters when either Walmart/ Kmart has there sales.. If you buy the syn/mix its cheaper than 25 dollars, more like 14 to 17 dollars depending on brand................ enjoy your new ride.

otoluva · August 2014

Just signed a new lease on 14 Altima SV with mats and ground lighting, MSRP 254xx.
36 month, 15k a year $235.00 a month with 0 drive off.
I tried to get the dealer to disclose the numbers but he was deceptive ( residual in mid 50's) anyway, I thought the deal was not bad based on my reading here, many thanks to our hosts and all who contributed.
I appreciate any comment or feed back as it will benefit other buyers.

Michaell · August 2014

@otoluva said:
Just signed a new lease on 14 Altima SV with mats and ground lighting, MSRP 254xx.
36 month, 15k a year $235.00 a month with 0 drive off.
I tried to get the dealer to disclose the numbers but he was deceptive ( residual in mid 50's) anyway, I thought the deal was not bad based on my reading here, many thanks to our hosts and all who contributed.
I appreciate any comment or feed back as it will benefit other buyers.

$235/mo on a car that stickers for over $25K is a good deal. Enjoy your new car!

nyccarguy · August 2014

Hello again guys! Can you give me the 36 month/12K lease numbers on 2015 Altima 2.5S & 2.5 SV? (NY/CT). Thank-you

Michaell · August 2014

@nyccarguy said:
Hello again guys! Can you give me the 36 month/12K lease numbers on 2015 Altima 2.5S & 2.5 SV? (NY/CT). Thank-you

.00067 MF

S - 59%

SV - 58%

peteryoon · August 2014

This is my first time leasing a car and got a price quote for Nissan Altima 2.5S.
Can anyone review this calculation?
MSRP: 23640
Invoice: 21903
Internet Savings: -1500
Rebate: -1000
NMAC Finance: -750
Sale Price: 18653
And there is** extra $500 bonus cash **not included in sale price. I don’t know what this means.
Residual Factor: 55%
Money Factor: 0.00003
My calculator shows $168.98(7% NJ tax) monthly payment based on this information.
I guess I have to pay $ 867 upfront for first month payment(168.98), title(399) and license fees(298).
Did I miss anything?

Michaell · August 2014

@peteryoon said:
This is my first time leasing a car and got a price quote for Nissan Altima 2.5S.
Can anyone review this calculation?
MSRP: 23640
Invoice: 21903
Internet Savings: -1500
Rebate: -1000
NMAC Finance: -750
Sale Price: 18653
And there is** extra $500 bonus cash **not included in sale price. I don’t know what this means.
Residual Factor: 55%
Money Factor: 0.00003
My calculator shows $168.98(7% NJ tax) monthly payment based on this information.
I guess I have to pay $ 867 upfront for first month payment(168.98), title(399) and license fees(298).
Did I miss anything?

The $500 extra bonus cash may be a Labor Day weekend promotion.

NJ calculates the taxes for the entire lease up front and you have the option of adding that amount into the cap cost or paying it with your other up front fees.

Without tax, I get a monthly payment of $157.92 using the numbers you've provided.

peteryoon · August 2014

@Michaell said:
Without tax, I get a monthly payment of $157.92 using the numbers you've provided.

I'm going to meet a sales person tomorrow. I really like this payment. Honestly, $157 is lower than what i expected for Altima 2.5S. Their ad says $189 with $1999 down. If he/she try to bump up the monthly payment, what would they try to add in?
Thanks.

Michaell · August 2014

@peteryoon said:

Thanks.

Remember, this is before tax - in NJ, they calculate the tax for the entire lease up front and either add it to the selling price or you pay it out of pocket at lease inception.

jokertech · August 2014

Hey guys new around here, thanks for all the info looking @ leasing a 2014, 36/12K Altima 2.5S & 2.5 SV? (Alabama/Georgia). Thank-you

kyfdx · August 2014

@jokertech said:
Hey guys new around here, thanks for all the info looking @ leasing a 2014, 36/12K Altima 2.5S & 2.5 SV? (Alabama/Georgia). Thank-you

.00003 MF and 56%/55% residual.

ahashmi · September 2014

Michaell, whats is the MF and RV for a 2015 SV with Nav and Conv pkg for 36 mo, 15k/yr in NJ?

Also for a 2014?

kyfdx · September 2014

@ahashmi said:
Michaell, whats is the MF and RV for a 2015 SV with Nav and Conv pkg for 36 mo, 15k/yr in NJ?

Also for a 2014?

2.5 SV?

2015: .00067 MF and 57% residual

2014: .00003 MF and 54% residual

ahashmi · September 2014

Thanks Kyfdx!

The deal I got yesterday on a 2015 2.5 SV Altima with Tech pkg was:

MSRP: $28,370
Selling Price: $22,670 ($1,000 Incetinve incl)
Mi/yr: 15,000
Term: 36
Out-of Pocket: $1500
Monthly: $215 7% tax incl.

But I didn't do the deal =/. They didn't have the right color combo I wanted, and I tend to like the Sonata a little bit more. Just wanted to list the deal here for others in case it helps.

Thanks to the admins for answering all requests and questions!

kff1289 · September 2014

Hey guys. First time i'm doing a lease and can't seem to figure out if this is a good deal.

'14 Maxima SV sport package, MF is .00003,cap cost is $33800, Rebates are 3537, down pmt $1000, residual value is $19117, and the residual is .51 , the doc fee is $133 and the disposition fee is $395. The acquisition fee is $595, base payment is $291.38 and tax is $26.22 = 317.60 /mo. all of the above is included.

Can you help please ?

kyfdx · September 2014

kff1289 said:
Hey guys. First time i'm doing a lease and can't seem to figure out if this is a good deal.

'14 Maxima SV sport package, MF is .00003,cap cost is $33800, Rebates are 3537, down pmt $1000, residual value is $19117, and the residual is .51 , the doc fee is $133 and the disposition fee is $395. The acquisition fee is $595, base payment is $291.38 and tax is $26.22 = 317.60 /mo. all of the above is included.

Can you help please ?

So.. $1000 due at signing and $317/mo? 36mo, 15K/yr?

For a $35K plus car? What can't you figure out?

kff1289 · September 2014

well, 39mo, 12k/yr. MSRP 37,190. Want to know if that is a good deal or not. Apologize for the ignorance..

2014 Nissan Altima Lease Questions

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