I think Nissan are looking like great buys this month since there is a good chunk of cash rebates available. As far as leasing, they are slightly worse than last month due to lower residuals, but dealers could still be discounting quite a bit off the MSRP to make the deals better, so I wouldn’t be too discouraged. There were reports over at Edmund’s leasing forums regarding folks getting $4000 in rebates for the Maxima. I don’t quite know how that happened, but can’t see how that can happen this month. Of course, I would love it if someone proved me wrong.
Despite my skepticism, I do think the Maxima is still a good lease this month. The Altima numbers also look great, even without the $1250 rebate. The Sentra and the Versa should still remain excellent leases right now.
Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.
2011 NISSAN ALTIMA SEDAN S CVT
MSRP – $20,670
Sale Price – $18,348 ($1250 rebate not applied)
Monthly – $208+ tax
RWG Rating – 96.3
For Dealer Quotes, Click Here.
2011 NISSAN MAXIMA S
36 month | 15k miles | residual 59% | .00188 base money factor
2011 NISSAN ALTIMA SEDAN S CVT
36 month | 15k miles | residual 58% | .00103 base money factor
2011 NISSAN ALTIMA COUPE S CVT
36 month | 15k miles | residual 56% | .00164 base money factor
2011 NISSAN CUBE 5DR WAGON S CVT
36 month | 15k miles | residual 54% | .00230 base money factor
2011 NISSAN JUKE 2WD S AT
36 month | 15k miles | residual 54% | .00230 base money factor
2011 NISSAN LEAF 4DR HATCHBACK SV
36 month | 15k miles | residual 45% | .00204 base money factor
2011 NISSAN MURANO AWD S
36 month | 15k miles | residual 55% | .00178 base money factor
2011 NISSAN ROGUE AWD S
36 month | 15k miles | residual 63% | .00203 base money factor
2011 NISSAN SENTRA 2.0SR CVT
36 month | 15k miles | residual 60% | .00001 base money factor
2011 NISSAN VERSA 5DR HB S AT
36 month | 15k miles | residual 55% | .00023 base money factor
You have a picture of a GT-R at the top but no GT-R lease numbers. Your site sucks.
Sorry to disappoint rick. I usually just put the photos of a car from whatever brand I am posting lease rates for. It doesn’t necessarily need to correspond to the numbers I have available. Maybe you can contact your local dealer for the numbers since I don’t have them.
Hi,
Are the Nissans really good for leasing this month? I mean most of them expect you to put in a down payment of around $1800-$2800. Also, will the cash back rebate knock price off a down payment or does it just knock down the selling price which will mean I will have to stump up $2800 for an altima? Thanks.
You are never required to put money down. It is usually suggested by the dealer in order to get the desired/advertised lease payment.
If you are new to the leasing world, read my Lease Guide:
http://www.ridewithg.com/index.php/2008/07/gs-guide-to-auto-leasing/
As for the rebate, you should be entitled to the college grad regardless of whether you lease or buy. But the cash back might be limited to only purchases. You could take advantage of that if you lease with a different bank, but Nissan usually has better lease rates than third party banks so you will need to kind of figure out which way is the better deal before you get your credit run.
Also, can I combine a cash back rebate offer with a college graduate program rebate or is it just one or the other? Thanks.
Hi G,
I am new to leasing and buying cars in general. I did read your guide but I just had these nagging questions. Thanks a lot and this site is really informative. Anyway, I am interested in getting the Hyundai Elantra. I just sent an email out to one dealer like you mentioned in the guide and I’m waiting for a response. Lets see what I get.