Nissan Gave the Sentra an 85% Residual Value ($237/Month Lease)
As we’ve covered before, Nissan has been setting insanely high 18- and 24-month lease residual values on their vehicles, whether it’s the Altima midsize sedan, Frontier pickup truck, or new Z sports car.
Since the cost of leasing is largely determined by the depreciation expense, a high residual value can translate to a good lease, provided the selling price and money factor (i.e., interest rate) are reasonable.
For December 2022, Nissan Finance (NMAC) has set the residual value for the 2023 Sentra SV compact sedan at a whopping 85% of MSRP, after 18-months at 10,000 miles per year. The money factor is sky high at .00371 (8.94% APR), though Nissan does offer a $625 lease cash incentive for certain regions to help offset the high finance charge. Additionally, Nissan offers a $500 bonus cash incentive for recent or upcoming college grads. Current NMAC programs are valid through January 3, 2023.
By negotiating the selling price down to the invoice price (about $1,000 off MSRP), you should be able to lease a 2023 Nissan Sentra SV for about $237 per month with $0 down payment, plus taxes and fees. Here is a Leasehackr Calculator example assuming Southern California taxes and registration. Every deal will be different based on the MSRP of the vehicle and the discount you are able to negotiate; you can adjust the Calculator inputs based on your circumstances.
Visit Leasehackr Marketplace for hot deals on Nissan Sentra and negotiation tips. Right now, we’re seeing as much as a 10% off MSRP discount on 2022 Sentra SV on Leasehackr Marketplace.