Altima

09 Nissan Altima Lease Rates for January 2009

Published by G

My Take: There is a $1500 cash rebate for the Altima right now, which should really help you lower your lease payments. The residual values are still fairly high and the money factor seems to have been lowered somewhat. This is not a bad month to lease the Altima 2.5 S. My calculations do not factor in the cash rebate, so you should expect even lower monthly payments for a base model Altima S. Alternatively, you can add about $1500 worth in upgrades and you should come pretty close to my estimates. Remember to stay away from the 24-month and and 48-month leases. I probably don’t need to tell you why. Also, there shouldn’t be any reason why you should be paying MSRP right now, unless of course, you like your dealer and want to see them make a some money, I am sure they will be quite grateful.

If you like the site and would like to receive my latest posts, please consider subscribing to our newsletter on a reader or have it delivered to your email. Got questions? JOIN the RIDE AUTO FORUM TODAY!

  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
2009 Nissan Altima S $20,890 $22,235 $429 $281 $489 $320

NOTE: Estimates assuming the following conditions:

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.

2009 Nissan Altima January Lease Rates

2009 Nissan Altima S
24-month | 15k miles | residual 60% | .00335 base money factor
36-month | 15k miles | residual 57% | .00158 base money factor
48-month | 15k miles | residual 43% | .00335 base money factor

Download the Lease Calculator This Month Best Leases Join The Wall at RIDE with G Join The RIDE AUTO FORUM

Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!

November 2008 Lease Rates for 09 Subaru Forrester, Toyota Corolla and Nissan Altima

Published by G

My Take: Here are three decent leases for the month for those who are budget conscious. The Forrester is looking pretty good with a starting lease of $301 and up (at invoice). One drawback is that Subaru has a VERY healthy options list which means it will quickly add up. Just make sure you get what you need and don’t get carried away. The dealer could contribute $700 towards your lease (since they are doing it as part of a special lease program). The Corolla is dirty cheap in my opinion since it’s really a “budget” car. Much cheaper to lease than a Mazda3 I think, but much less exciting to drive too. The Altima is the beefier of the group so it has a steeper price tag. Even so, there’s $750 in rebates available which should drive down the costs a bit. Again, all these estimates are based on stock models, so the more options you add, the pricier it gets. The residual and money factors look pretty good for 36-month leases so they are worth a look before the end of the month.

Got questions? Post it on the RIDE Auto Forum! Sign up HERE. If you like the site and would like to receive my latest posts, you may want to consider subscribing to our newsletter on a reader or have it delivered to your email.

  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Subaru Forester 2.5X Premium $21,836 $23,160 N/A $301 N/A $340
2009 Corolla $15,658 $16,870 N/A $200 N/A $236
09 Nissan Altima 3.5 SL Sedan $27,916 $30,075 N/A $354 N/A $418

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • Yellow boxes denotes “lowest” lease payments for each car.

2009 Subaru Forester 2.5X Premium
36 Month – Residual 57% of MSRP – .00175 Base Rate

2009 Corolla
36 Month – Residual 59% of MSRP – .00163 Base Rate

2009 Nissan Altima 3.5 SL Sedan
36 Month – Residual 60% of MSRP – .00174 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

October 2008 Lease Rates for 08/09 Nissan Altima

Published by G

My Take: There are two 09 models of the Nissan Altima that have decent rates while three of the 08s look like they are being clearanced. The sweet spot on the 08s and 09s seem to be the 36mo lease, but the 08s 24-month lease also looks very good. Don’t forget to factor in the $500 customer cash on the 2009 models, and if you are a recent or soon to be graduate, you get another $500. The $500 guaduate cash is also available on the 2008 models, but the best part seems to be the $1250 customer cash that’s also there for the taking.

Got questions? Post it on the RIDE Auto Forum! Sign up HERE. If you like the site and would like to receive my latest posts, you may want to consider subscribing to our newsletter on a reader or have it delivered to your email.

  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Nissan Altima S Sedan $20,890* $22,235 $340 $254 $400 $294
09 Nissan Altima SE Sedan V6 $24,495* $26,375 $404 $303 $484 $355
08 Nissan Altima S Sedan $20,358* $21,665 $231 $214 $286 $251

2009 Nissan Altima S Sedan
24 Month – Residual 66% of MSRP – .00290 Base Rate
36 Month – Residual 61% of MSRP – .00191 Base Rate
48 Month – Residual 47% of MSRP – .00290 Base Rate
60 Month – Residual 39% of MSRP – .00290 Base Rate

2009 Nissan Altima SE Sedan V6
24 Month – Residual 65% of MSRP – .00290 Base Rate
36 Month – Residual 60% of MSRP – .00191 Base Rate
48 Month – Residual 46% of MSRP – .00290 Base Rate
60 Month – Residual 39% of MSRP – .00290 Base Rate

2008 Nissan Altima S Sedan
24 Month – Residual 65% of MSRP – .00066 Base Rate
36 Month – Residual 56% of MSRP – .00066 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

2008 Nissan Altima SE Sedan
24 Month – Residual 65% of MSRP – .00066 Base Rate
36 Month – Residual 56% of MSRP – .00066 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

2008 Nissan Altima SL Sedan
24 Month – Residual 66% of MSRP – .00066 Base Rate
36 Month – Residual 57% of MSRP – .00066 Base Rate
48 Month – Residual 43% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Nissan Altima S Coupe
24 Month – Residual 63% of MSRP – .00280 Base Rate
36 Month – Residual 54% of MSRP – .00280 Base Rate
48 Month – Residual 45% of MSRP – .00290 Base Rate
60 Month – Residual 38% of MSRP – .00290 Base Rate
2009 Nissan Altima SE Coupe V6
24 Month – Residual 60% of MSRP – .00280 Base Rate
36 Month – Residual 51% of MSRP – .00280 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 35% of MSRP – .00290 Base Rate

2009 Nissan Altima SL Sedan V6
24 Month – Residual 66% of MSRP – .00290 Base Rate
36 Month – Residual 60% of MSRP – .00191 Base Rate
48 Month – Residual 46% of MSRP – .00290 Base Rate
60 Month – Residual 39% of MSRP – .00290 Base Rate

2008 Nissan Altima S Coupe
24 Month – Residual 65% of MSRP – .00221 Base Rate
36 Month – Residual 56% of MSRP – .00221 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

2008 Nissan Altima SE Coupe
24 Month – Residual 62% of MSRP – .00221 Base Rate
36 Month – Residual 53% of MSRP – .00221 Base Rate
48 Month – Residual 40% of MSRP – .00290 Base Rate
60 Month – Residual 34% of MSRP – .00290 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

September 2008 Lease Rate for 08/09 Nissan Altima

Published by G

My Take: A couple of things to note about the Nissan Altima S Coupe. The 09’s residual is 1% lower and the MF is HIGHER than the 08. Yes folks, the 08’s coupes are leasing better than the 09’s. I wouldn’t take the plunge on the 09 models just yet. It seems Nissan is trying to push some of their 08 inventory before year end, so be sure to look into those if you are shopping for an Altima.

If you like the site and would like to receive my latest posts, please consider subscribing to our newsletter on a reader or have it delivered to your email. Got questions? JOIN the RIDE AUTO FORUM TODAY!

  • Altima SL Sedan V6
  • MSRP $29,365
  • Invoice $27,260
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2008 Nissan Altima SL Sedan V6
24 Month – Residual 66% of MSRP – .00066 Base Rate
36 Month – Residual 57% of MSRP – .00066 Base Rate
48 Month – Residual 43% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

24mo Payment: $359 at invoice, $448 at MSRP
36mo Payment: $321 at invoice, $381 at MSRP

  • Altima SE Coupe V6
  • MSRP $26,545
  • Invoice $24,651
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2008 Nissan Altima SE Coupe V6
24 Month – Residual 62% of MSRP – .00221 Base Rate
36 Month – Residual 53% of MSRP – .00221 Base Rate
48 Month – Residual 40% of MSRP – .00290 Base Rate
60 Month – Residual 34% of MSRP – .00290 Base Rate

24mo Payment: $432 at invoice, $515 at MSRP
36mo Payment: $379 at invoice, $436 at MSRP

Check out THE LIST to see how this car ranks among other models

2009 Nissan Altima S Coupe
24 Month – Residual 64% of MSRP – .00268 Base Rate
36 Month – Residual 55% of MSRP – .00268 Base Rate
48 Month – Residual 45% of MSRP – .00290 Base Rate
60 Month – Residual 38% of MSRP – .00290 Base Rate

2009 Nissan Altima SE Coupe V6
24 Month – Residual 61% of MSRP – .00268 Base Rate
36 Month – Residual 52% of MSRP – .00268 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 35% of MSRP – .00290 Base Rate

2009 Nissan Altima S Sedan
24 Month – Residual 71% of MSRP – .00245 Base Rate
36 Month – Residual 60% of MSRP – .00245 Base Rate
48 Month – Residual 46% of MSRP – .00290 Base Rate
60 Month – Residual 38% of MSRP – .00290 Base Rate

2009 Nissan Altima SE Sedan V6
24 Month – Residual 70% of MSRP – .00245 Base Rate
36 Month – Residual 60% of MSRP – .00245 Base Rate
48 Month – Residual 46% of MSRP – .00290 Base Rate
60 Month – Residual 39% of MSRP – .00290 Base Rate

2009 Nissan Altima SL Sedan V6
24 Month – Residual 71% of MSRP – .00245 Base Rate
36 Month – Residual 60% of MSRP – .00245 Base Rate
48 Month – Residual 46% of MSRP – .00290 Base Rate
60 Month – Residual 39% of MSRP – .00290 Base Rate

2008 Nissan Altima S Coupe
24 Month – Residual 65% of MSRP – .00221 Base Rate
36 Month – Residual 56% of MSRP – .00221 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

2008 Nissan Altima S Sedan
24 Month – Residual 65% of MSRP – .00066 Base Rate
36 Month – Residual 56% of MSRP – .00066 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 36% of MSRP – .00290 Base Rate

2008 Nissan Altima SE Sedan V6
24 Month – Residual 65% of MSRP – .00066 Base Rate
36 Month – Residual 56% of MSRP – .00066 Base Rate
48 Month – Residual 42% of MSRP – .00290 Base Rate
60 Month – Residual 35% of MSRP – .00290 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

Battle of the Sedans: Camry, Accord or Altima

Published by G

Instead of recommending which car is built better, I’ve decided to take a different approach and tell you which car leases better. For this particular “special competition”, I’ll be comparing the Accord, Camry & Altima. You probably don’t need my thoughts about which car is the better car, after all, there are tons of websites doing that already. I just want to tell you which one will save you some greens. Let’s roll!

If you like the site and would like to receive my latest posts, please consider subscribing to our newsletter on a reader or have it delivered to your email. Got questions? JOIN the RIDE AUTO FORUM TODAY!

  • Camry XLE V6
  • MSRP $30,014 ($30,514-$500)
  • Invoice N/A
  • Standard inception fees + tax not included
  • Residuals posted are for 12K miles/year.

2009 Toyota Camry XLE V6
36 Month – Residual 62% of MSRP – .00099 Base Rate

36mo Payment: $337 at TMV, $357 at MSRP

Without an invoice price, it is rather difficult to get a nice range on the Camry. Edmund’s TMV does suggest the sale price to be about $29,317 after the $500 rate. This means you only about $697 off MSRP in most areas.

  • Altima Sedan 3.5 SE + Premium + Moonroof
  • MSRP $29,685
  • Invoice $27,367
  • Standard inception fees + tax not included
  • Residuals posted are for 12K miles/year.

2008 Nissan Altima Sedan 3.5 SE
36 Month – Residual 56% of MSRP – .00087 Base Rate

36mo Payment: $337 at invoice, $397 at TMV, $403 at MSRP

TMV suggests the sale price to be at around $29,476. Not much of a discount off MSRP here according to Edmunds. I’m not 100% sold on that fact however. Keep in mind that the Altima is a 2008 model, so I think discounts could be had.

  • Accord EX-L V6
  • MSRP $28,730
  • Invoice $26,086
  • Standard inception fees + tax not included
  • Residuals posted are for 12K miles/year.

2008 Honda Accord EX-L V6
36 Month – Residual 58% of MSRP – .00129 Base Rate

36mo Payment: $317 at invoice, $341 at TMV, $393 at MSRP

For the Accord, we are looking at a sale price of $26,927 according to Edmund’s TMV. Cheapest of the bunch thus far. But how does it lease with a higher MF and middle of the pack residual? About the same.

My Take: Clearly, the Camry stands tall compared to the other two. At TMV price, it blows away the Altima and is relatively competitive with the Accord, at $4 less per month. The Camry comes in with the highest residual and the 2nd lowest MF (by a hair), making it the more attractive lease despite the fact that it’s the most expensive car of the bunch. The only instance in which I would pick the Accord or the Altima over the Camry is if both could be had at invoice or below invoice price and the Camry couldn’t. In the spirit of the Olympics, here’s how the winners break down.

Gold Medal: Toyota Camry XLE V6
Silver Medal: Honda Accord EX-L V6
Bronze Medal: Nissan Altima 3.5 SE

Lease rates for remaining Accord and Altima Coupe models:

2008 Nissan Altima S w/CVT Manual Coupe
24 Month – Residual 66% of MSRP – .00209 Base Rate
36 Month – Residual 57% of MSRP – .00209 Base Rate

2008 Honda Accord LX-S I4 Automatic Coupe
24 Month – Residual 65% of MSRP – .00186 Base Rate
36 Month – Residual 55% of MSRP – .00186 Base Rate

2008 Honda Accord LX-S I4 Manual Coupe
24 Month – Residual 65% of MSRP – .00186 Base Rate
36 Month – Residual 55% of MSRP – .00186 Base Rate

2008 Honda Accord EX I4 Manual Coupe
24 Month – Residual 66% of MSRP – .00186 Base Rate
36 Month – Residual 55% of MSRP – .00186 Base Rate

2008 Honda Accord EX I4 Automatic Coupe
24 Month – Residual 66% of MSRP – .00186 Base Rate
36 Month – Residual 55% of MSRP – .00186 Base Rate

2008 Honda Accord EX-L I4 w/Navigation Manual Coupe
24 Month – Residual 61% of MSRP – .00186 Base Rate
36 Month – Residual 52% of MSRP – .00186 Base Rate

2008 Honda Accord EX-L I4 Automatic Coupe
24 Month – Residual 63% of MSRP – .00186 Base Rate
36 Month – Residual 54% of MSRP – .00186 Base Rate

2008 Honda Accord EX-L V6 Coupe Automatic
24 Month – Residual 63% of MSRP – .00186 Base Rate
36 Month – Residual 53% of MSRP – .00186 Base Rate

2008 Honda Accord EX-L w/Navigation Coupe Automatic
24 Month – Residual 61% of MSRP – .00186 Base Rate
36 Month – Residual 51% of MSRP – .00186 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

July 2008 Lease Rate for 08 Nissan Altima

Published by G

2008 Nissan Altima S Sedan
24 Month – Residual 64% of MSRP – .00087 Base Rate
36 Month – Residual 55% of MSRP – .00087 Base Rate

* Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
** Rates provided by Tarry Shebesta from Leasecompare.com

My Take The Altima’s 24-36mo leases are looking pretty decent right now. Remember that your residual value jump 2% from the posted numbers if you choose to go with the 12k mile yearly allowance instead of the 15k, which can save you substantial amounts of cash.

June 2008 Lease Rate for 2008 Nissan Altima

Published by G

2008 Nissan Altima SL Sedan
24 Month – Residual 69% of MSRP – .00087 Base Rate
36 Month – Residual 58% of MSRP – .00087 Base Rate
48 Month – Residual 44% of MSRP – .00260 Base Rate
60 Month – Residual 37% of MSRP – .00260 Base Rate

* Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
** Rates provided by Tarry Shebesta from Leasecompare.com

My Take: Suprisingly Enough, the Altima has become a strong contender against the Honda Accord and Toyota Camry. Strong residuals and money factors make this vehicle a pretty good lease. Funny how the Altima was originally slated to be one class below the midsized family sedan. Now, it has effectively squeezed the Maxima out and made itself comfortable in that segment.