2015 Altima SL lease question

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  Michaell Moderator Posts: 241,337

  May 2015

  iswerve said:

  Looking at an Altima 2015 LS pearl white w/ tech package, moonroof, floor/trunk mats, splash guards (around 2k value) 36 mo. 12k in Miami, FL
  
  This is the first quote I got from the dealer:
  
  MSRP: $31.660
  Dealer discount: $2160
  Rebate: $2275
  Cap: $27225
  
  Tag/Registration fee: $498.75 (estimate)
  Tire/Battery/MVWEA: $6.50
  Dealer Service Fee: $699.95
  
  Payment: $481 w/ 1k cash down??
  
  I thought it was incorrect so I ran the numbers with 55% RV .000003 MF $0 down
  
  Adjusted Cap: $27924.95 (rolled dealer fee)
  RV @ 55%: $17413
  Amnt financed: $10511.95
  Base pmnt: 291.99
  Monthly interest: $0.15
  Pre tax: $292.14
  Tax 7%: $20.45
  
  Total: $312.59
  
  1. Are these numbers correct?
  2. I've seen here payments between $280-$290 on similar deals but maybe this is good in Miami, FL?
  
  Thanks for the comments

  36/12 lease numbers on the Altima SL are 55% and .00003. Using the MSRP and your adjusted cap cost, I get a pre-tax payment of $293/mo, so very close to your calculations.
  
  You can ask the dealer what net cap cost they are using, but really, I'd suggest you work with a different dealer - $180/mo is a huge difference.

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