My Take: As I write this, I am gearing up to visit my local Nissan dealer today. My wife and I will be checking out the Altima and the Maxima today to see if there’s anything promising. Here are the “over the phone” numbers I got Thursday. The Maxima does have $500 loyalty cash and $2000 cash to customer, but the $2k cannot be used on a lease. I also was told that when using VPP quotes, you cannot take advantage of the rebates. Not sure how much truth there is in that but we’ll see. Just remember one thing…any unclaimed rebate or cash, goes to the dealer, so if you don’t do your homework right, you will lose out on a lot of money.
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2010 Nissan Altima
2010 Nissan Altima 2.5 S
36-month | 15k miles | residual 57% | .00130 base money factor
2010 Nissan Maxima
2010 Nissan Maxima S
36-month | 15k miles | residual 54% | .00105 base money factor
I sell Nissans and can tell you the 39 month lease is always better, first its a no mark up lease and i think the residual is the same or %1 difference.
There is a huge difference between a rebate and dealer cash. A dealer would be dumb not to get you every rebate you qualify for (makes getting the sales easier by saving you $$$) and dealer cash. Dealer cash is extra money that the dealer gets for selling a certain model and they do not have to disclose it. If pressed most dealers will acknowledge it and generally use all or part of it as a closing tool.
hey justin. thanks for chiming in. I have to disagree with the 39-month lease for some of us. I think at 36-months, we are already pushing it when it comes to tire wear and tear, adding another 3 months would most certainly force us to replace at least 2 tires. Depending on the tires you get, it could be anywhere from $300-$500. Then factor in the fact that folks like myself have to pay yearly auto registration, it just wouldn’t make sense to pay the 4th year’s registration and only drive the car 3 months then pay it again on the next lease. I am currently on a 39-month lease with my G37 and I can tell you that I have no intention to pay nearly $400 bucks for my 4th year just so that I can drive the car 3 months.
But other than that, I do agree that the cash nowadays does in fact help dealers close deals, but I have met dealers that have been less than honest these past couple weeks while helping my wife look for her next lease.