My Take: Looks like the 2011 are still a bit high on the MF, but the 2010 look like pretty solid leases still if you can find one. Better yet, I would recommend buying since they have 0% APR loans for 2010s. There’s also cash on select models in case you decide to pay cash or finance through a different lender.
As you know, I’ve been working with a few brokers to get lease rates for you (since dealers generally do not share this information willingly) in exchange for some advertising. Therefore, if you would like to use one, it would help keep the numbers coming on a monthly basis. As a special incentive, I’ve been informed that you can get an additional $100 off through Number1Leasing if you mention my website, RIDE with G. They deal nationwide, with about 30 locations across the country so finding you a car shouldn’t be too difficult. Anyway, if you are interested, contact Daniel Efraimov and tell him I sent you.
Number1Leasing
Tel: 832-374-8363
daniel(at)number1leasing.com
2011 Altima S Sedan
36-month | 15k miles | residual 56% | .00194 base money factor
2011 Sentra S
36-month | 15k miles | residual 61% | .00194 base money factor
2011 Maxima S
36-month | 15k miles | residual 58% | .00194 base money factor
2011 Maxima SV Sport
36-month | 15k miles | residual 60% | .00194 base money factor
2011 Maxima SV Premium
36-month | 15k miles | residual 61% | .00194 base money factor
2011 Murano SL
36-month | 15k miles | residual 50% | .00194 base money factor
2011 Armada Platinum 4WD
36-month | 15k miles | residual 50% | .00096 base money factor
2011 Rogue SV AWD
36-month | 15k miles | residual 60% | .00218 base money factor
2010 Altima 2.5S Sedan
36-month | 15k miles | residual 55% | .00077 base money factor
2010 Altima 2.5S Coupe AT
36-month | 15k miles | residual 52% | .00115 base money factor
2010 Maxima S
36-month | 15k miles | residual 52% | .00075 base money factor
2010 Sentra S AT
36-month | 15k miles | residual 57% | .00127 base money factor
2010 Rogue S AWD
36-month | 15k miles | residual 57% | .00122 base money factor
2010 Murano S AWD
36-month | 15k miles | residual 52% | .00130 base money factor
G,
I’m just about to sign a lease on a 2010 Altima 2.5 S with SL package. The dealer showed 56% residual for 12,000 miles 39 months and .00095 MF.
MSRP: $26690
Invoice: $24809
Sale Price: $24669
Then the dealer agreed to give me $1900 “Dealer cash” but it was applied as a cap reduction, so I have to pay tax on the full sale price instead of lowering the sale price an additional $1900 and paying tax on that.
Cap cost: $22759
So, I end up paying:
$236.14/month + tax
$650 due at signing.
My question, does MF vary based on options? I am wondering why the MF was 0.00095 and not 0.00077.
Technically I’m getting the 2010 Altima 2.5 S Sedan and the SL package is an option on the base 2.5 S. Does one of us (you or my dealer) have the wrong MF?
Thanks for all your work!
AJ
AJ,
That’s a hokey way of applying the dealer cash there. I understand you gotta pay taxes on the $1900, but taxing you on the higher sale price smells like manipulation to make a few bucks. I haven’t seen a dealer do this before.
As for the MF, trims do sometimes change both the residual and money factor, so I wouldn’t be surprised to see the .00095 to be legitimate. I can’t confirm it since I wasn’t given the numbers, but you could call another dealer’s fleet manager to check. Just ask them if the MF on a Altima 2.5 SL is 0.00077 (don’t mention the .00095). If they say yes, then your current dealer is padding their mf. If they say no, it’s .00095 then it should be correct.
G,
I called two different dealers and they both said that the mf on all 2010 2.5 S Altimas is 0.00095, so nothing fishy going on there.
Thanks again.
AJ