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40Option 1

2006 Armada LE 4X4

MSRP 46685

Sell 42404

Rebate 4000.00 ( They will give it to me)

Money Factor .00320

Residual 41%

Miles 12K

Term 39 months

Payments with tax are 210.00 a month with 17K down.

Sound good?

38,515Car_manHost

Prices Paid Forum

38,515A base 2006 Nissan Armada LE 4WD has a spread of around $3,900 between its full MSRP and its dealer invoice price. On top of that Nissan is providing $4,000 dealer cash on it. That gives you a total of nearly $8,000 to play with, which is right around the discount that you were quoted. This selling price looks very good to me. Nissan is not currently providing any lease support on this truck, but if you want to lease it through NMAC you should still make sure that the dealer uses its buy rate lease money factor of .00295 to calculate your truck's monthly payment.

Car_manHost

Prices Paid Forum

38,515Whatever you do, don't make a $17,000 down payment on a lease. I probably mentioned this earlier, but it's worth saying again. Consumers who make large down payments on leased vehicles risk losing them if their leased car or truck is totaled in an accident or stolen and never recovered. There's nothing wrong with trading in your current vehicle when you lease your new one, just have the dealer cut you a check for it rather than using the proceeds from it as a down payment for your lease.

Car_manHost

Prices Paid Forum

47MSRP of $48025.00

24-48 month lease

15k per year.

1k total down.

What should I be paying on a lease?

Are the rebates only for a purchase, or can they be applied to a lease?

38,515Car_manHost

Prices Paid Forum

2Can you please tell me if this is a good deal...

2007 Nissan Armada SE

MSRP $36,005

$5,000 total drive off

Lease for 36 months 12k miles/yr

@$299 +tax

Also, if I were to add leather (Not package, they would put in just the leather seats), it would be same above, but @ $395/month. Good deal or not.

Thanks

2522They said they would do the leather at $5000 total drive off @ $385 including tax...

9The MSRP is 56,785 and I have a lease purchase price of $51,533.

Can you give me an idea of the price (pretax) for a 36,39,or 48 month lease (wherever the sweet spot might be)? Also, if it's not too much trouble can you share with me the MF and residual that Infinity is offering on its lease program.

Lastly, in lieu of the "special" Infinity lease program, could I opt to take the $4K lease money and lease from an outside bank instead? What are your thoughts here?

THANKS.

Taysdad

1The MSRP of most inventory I have seen is around 42K-44K. How do I know how much leverage I have. I am not familiar with all the terminology but want to have a grasp of how not to be taken advantage of. Female v. male saleman

Can I get into this vehicle with no money down and a payment less then $500 incl. tax?

14715k per year lease, 48 months, total walk in cash of $1000.00

Payment of $592.00 (which includes PA 6% tax)

This lease is NOT thru Nissan credit, therefore the rebates can be applied..

Good deal? Can I do better?

38,515You never mentioned the selling price of the Armada that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be glad to give you my opinion of this deal if you let me know what its selling price is.

Car_manHost

Prices Paid Forum

38,515This truck's 42 month lease program will probably yield the most attractive monthly payment. I will work up a sample lease for you using the prices that you mentioned in your post. According to my calculations, if you were to lease a 2007 Infiniti QX56 4WD that has an MSRP of $56,785 and a selling price of $51,533 through Infiniti Financial Services right now for 42 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $702. If you are able to negotiate a lower selling price than this, your lease payment will drop. I doubt that you would be able to lease this truck for less through an independent bank. I used a money factor of .00124 and a residual value of 46% to calculate the above payment.

Car_manHost

Prices Paid Forum

38,515You can look up the dealer invoice price of the exact Armada that you are interested in by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. You won't be able to input a VIN and have it spit out a price at you, but you can estimate what the invoice price of the truck that you want is if you have a list of its options. You may be able to get an idea of what sort of price you should pay for the truck that you want right now by visiting the following discussion: "Nissan Armada: Prices Paid & Buying Experience".

If you let me know what the MSRP and approximate selling price are for the exact Armada that you want, I will be happy to use Nissan's current lease program for it to estimate what your monthly payment should be.

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Prices Paid Forum

38,515Car_manHost

Prices Paid Forum

7Thanks

John in NJ

616I am looking to trade this vehiucle in for an Armada. The last time I switched out my pathfinder they took off 5 months at no charge and $400 damage. Can I expect any type of a deal or should I wait till lease is up.

38,515Car_manHost

Prices Paid Forum

5I'm interested in leasing the 2008 Armada LE. Could you provide the residual values and money factors for both a 12,000 and 15,000 mile/yr. lease for 36 mos? Thank you.

-LW

38,515Car_manHost

Prices Paid Forum

38,515Car_manHost

Prices Paid Forum

38,515Car_manHost

Prices Paid Forum

4I have an opportunity to lease a 2007 Armada LE. The Vehicles MSRP is $48,195.00 and the selling price is $38,995.00 (I assume I can do a little better on price since this is advertised as an internet special). I would like a 36 or 39 month lease with no money down and taxes rolled-in are Illinois @ 6.75%. Also, the mileage would be 12,000 or 15,000/year. Can you please let me know what I can expect on payments, and If you believe this is a great deal?

Thank you,

Matt

38,515The reason that you are able to take advantage of this huge cash incentive on the Armada that you want to lease is that Nissan is no longer providing lease support on this mode. As a result, if you were to lease one through its captive finance company, NMAC, you would have to use its standard lease program. I would not be surprised if you were able to do better than NMAC's standard program by going through an independent bank.

Let's calculate a couple of lease payments for you using NMAC's program and see what we come up with. According to my calculations, the 36 month, 15,000 mile per year, zero down, pre-tax monthly payment for an '07 Armada LE AWD that has an MSRP of $48,195 and a selling price of $38,995 would currently be around $660. With only 12,000 miles per year, this payment would drop to $648. The 39 month, 15k payment would be $634. Lastly, the 39 month, 12k payment would be $623.

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Prices Paid: Buying & Leasing Experiences Forum

3I'm currently attempting to lease a loaded 08 Armada LE. I've got 3 months left on my current lease on a FX45 and the Infiniti dealer has called offering to terminate the lease if we come in now to get into a new vehicle. We like the QX56, but have determined that we can get a loaded LE that is basically the same as a QX minus a few cosmetic features for about $15K less.

One of the Nissan dealers here in Austin, TX has offered to take us out of the last 3 payments on our lease and give $7500 dollars off the MSRP of $47,975 on the Armada. He is discounting it $3500 and then working it thru an independent bank...US Bank I believe....to be able to also use the current $4000 factory rebate. Nissan Motor Credit will not allow them to use the rebate on a lease...purchase only.

The best 36 month/15K deal he has offered is $755 per month and that is $0 down and TT&L rolled into the lease. I'm having a hard time swallowing this as my current 36/15K lease on the FX that I got three years ago has a payment of $668 per month. The Adjusted Cap Cost on that deal was $51K with a residual of 56%. The Adjusted Cap Cost on the current Armada deal is $43K....a full $8K less than the FX when I did that deal.

He has said that the money factor he has gotten from Nissan-Infiniti Finance is .00170 with a residual of 51% and the US Bank money factor is .00280 with a 48% residual, but they allow the rebate.

Is he shooting me the best deal possible? I just can't imagine that I would have to pay $100 more per month when I'm basically stepping down on the cost of the vehicle.

Thanks,

Kip

38,515Car_manHost

Prices Paid: Buying & Leasing Experiences Forum

3Can you break down your calculation for me on this so that I can take it to the dealer? What residual value and money factors are you using? Is this the standard offering thru NMAC right now? It seems strange since the selling price he is working with is $43K with all TT&L rolled in and $0 down. The dealer said that the independent bank was allowing the rebate thereby lowering the selling price. The independent bank had a lower residual and higher money factor than NILT.

Secondly, do you think it is a better idea to wait until the current lease on our Inifiniti is up in January? Do you believe that in January we will be able to get a better deal on the Armada?

Thanks,

Kip