ok i am not gonna read all the garbage above since this seems like a troll flamewar.
the 2008 and 2010 altima coupes are more or less the same.
the reason this is not a "deal" is its likely you had to put down say $2500 or $4000 or whatever at lease signing.
if you terminate your lease with no "penalties" that $2500 or $4000 is not spread out over the normally longer lease period, so they are totally screwing you.
I would assume if you leased a new one you'd have ot put down the "cash due at signing" again. so its a terrible deal.
Also here is my opinion on leasing (my friend who is a moron leased a C350 mercedes for $33k for 48months including tax, when buying one was 38k+tax 3.9% over 60 months so i have thought about this a lot lately since i have been telling him he's an idiot for a while).
My mom leases a car through my parents business. its a bmw. if the business is profitable its probably an ok idea because of the tax deduction if you can say its for the business.
Now, if you dont own a business....
first off you have to be really careful with leases ince they will screw you over with fees and money factor adjustements. Dealers like to lease to people because there are more numbers and terms involved. More fees and such, so more stuff to slip something in.
Also leases are factored with interest (since they have to borrow money to buy the car to lease to you) now in the case of my friend they factored in basically 7.8% interest which was at the time a typical interest rate on a 5 year car (on a 4 year lease though).
so they factor in higher interest rate than their promo rates for people who are buying and financine to own the car. so already the lease is more expensive because they are factoring in a non promo interest rate, that is for a 48 month loan.
SO... given that, leases are determined by some money down + lease payments = cost of car at negotiated price - residual.
Its possible you can win on this if they do not factor the residual and you do not get screwed on random terms even on a longer lease. A lot of car dealers lost a lot of money when SUVs suddenly stopped being cool and residuals tanked. so they got back a near worthless SUV that they had factored at much higher value on the origina l lease.
so yeah, that said, leases are not horrible deals on a car that holds value well since if the residual is high the monthly lease payments will be lower. so oddly in cases of say a bmw which holds value well (say a 3 series and not a 7 series) if you only want to own a car for say 36-42 months it is not an all together horrible idea if you do your research and dont get scrwed on 5000 random fees that they had adjusted. obviously even better if you own a business, but that isnt really a factor for most people.
Leasing for a non business owner like my friend last year who got fooled badly was IDIOTIC on the other hand. if you leased last year you also could not do the car sales tax deduction. And if you lease this 2010 altima coupe.. you are definitely getting screwed. Don't even think about it. really dont.
the 2008 and 2010 altima coupes are more or less the same.
the reason this is not a "deal" is its likely you had to put down say $2500 or $4000 or whatever at lease signing.
if you terminate your lease with no "penalties" that $2500 or $4000 is not spread out over the normally longer lease period, so they are totally screwing you.
I would assume if you leased a new one you'd have ot put down the "cash due at signing" again. so its a terrible deal.
Also here is my opinion on leasing (my friend who is a moron leased a C350 mercedes for $33k for 48months including tax, when buying one was 38k+tax 3.9% over 60 months so i have thought about this a lot lately since i have been telling him he's an idiot for a while).
My mom leases a car through my parents business. its a bmw. if the business is profitable its probably an ok idea because of the tax deduction if you can say its for the business.
Now, if you dont own a business....
first off you have to be really careful with leases ince they will screw you over with fees and money factor adjustements. Dealers like to lease to people because there are more numbers and terms involved. More fees and such, so more stuff to slip something in.
Also leases are factored with interest (since they have to borrow money to buy the car to lease to you) now in the case of my friend they factored in basically 7.8% interest which was at the time a typical interest rate on a 5 year car (on a 4 year lease though).
so they factor in higher interest rate than their promo rates for people who are buying and financine to own the car. so already the lease is more expensive because they are factoring in a non promo interest rate, that is for a 48 month loan.
SO... given that, leases are determined by some money down + lease payments = cost of car at negotiated price - residual.
Its possible you can win on this if they do not factor the residual and you do not get screwed on random terms even on a longer lease. A lot of car dealers lost a lot of money when SUVs suddenly stopped being cool and residuals tanked. so they got back a near worthless SUV that they had factored at much higher value on the origina l lease.
so yeah, that said, leases are not horrible deals on a car that holds value well since if the residual is high the monthly lease payments will be lower. so oddly in cases of say a bmw which holds value well (say a 3 series and not a 7 series) if you only want to own a car for say 36-42 months it is not an all together horrible idea if you do your research and dont get scrwed on 5000 random fees that they had adjusted. obviously even better if you own a business, but that isnt really a factor for most people.
Leasing for a non business owner like my friend last year who got fooled badly was IDIOTIC on the other hand. if you leased last year you also could not do the car sales tax deduction. And if you lease this 2010 altima coupe.. you are definitely getting screwed. Don't even think about it. really dont.