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Nissan Armada Lease Questions

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  • Option one has changed to:

    Option 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?
  • Thanks for the additional information, bud_foxx44. Let's work up some lease payments on these trucks and see what we come up with. According to my calculations, if you were to lease a 2007 Nissan Armada LE 4WD with an MSRP of $44,000 and a selling price of $38,690 through Nissan Motor acceptance Corp. right now for 39 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $543. The payment for an otherwise identical lease of a truck with an MSRP of $48,000 and a selling price of $40,190 should be around $536.

    Car_man
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    Prices Paid Forum
  • You're very welcome, manaraki. There's nothing wrong with trading in your current vehicle when you lease your new one, but it would be in your best interest to have the dealer that you are working with cut you a check for any equity that you have in your trade rather than using the proceeds from it as a down payment for your lease.

    A 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_man
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    Prices Paid Forum
  • Hey manaraki. The money factor that you were quoted is almost right. Nissan Motor Acceptance Corp.'s buy rate for the 2006 Armada is .00295 for consumers who qualify for its top credit tier and pay a security deposit at lease signing. If you opt to have your truck's security deposit waived, the money factor would increase by .00015.

    Whatever 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_man
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    Prices Paid Forum
  • Love my wife's new Pathfinder so much, that I'm looking at an Armada for myself.
    MSRP 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?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jackel142. This truck's lease payment will depend upon what sort of selling price you are able to negotiate on it. The lower the selling price is, the lower your lease payment will be. Even though Nissan is providing $4,000 customer cash on the 2007 Armada, this cash is not compatible with its special lease program. Make sure to stop by the following discussion to see how much other community members have paid for this truck lately: sbb, "Nissan Armada: Prices Paid & Buying Experience" #, 5 Feb 2004 2:54 am. Let me know what sort of selling price you are targeting and I will gladly work up a sample lease payment on this truck for you. When you provide me with this number, I also need you to tell me the exact trim level Armada you are interested in, i.e a LE 4WD, SE 2WD, etc... This is important truck's lease program varies by trim level.

    Car_man
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    Prices Paid Forum
  • Hello CarMan,

    Can 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
  • coupedncalcoupedncal Posts: 252
    I am not sure about the total deal but $3600 for leather (after finance charges) seems hardly a good deal. Did they give out the money factor?
  • No did not give money factor.

    They said they would do the leather at $5000 total drive off @ $385 including tax...
  • CarMan -- I am looking to lease a 2007 INFINITY QX56 4WD (the QX forum was dead (or very sleepy) so I thought I might try here).
    The 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
  • janenjanen Posts: 1
    I am in the process of emailing specs for a new armada and am not sure how to find out what the invoice price is to help with my negotiation. If given a VIN, is there a site that can tell me what the dealer paid?
    The 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?
  • grnfsu7grnfsu7 Posts: 1
    I have a lease vehicle that I am trying to get out of. My plan is to trade it in to the dealer, pay the negative equity out of pocket and start over. I realize if I pay the lease company directly, then I have to pay sales tax on this ( I live in FL). But if I trade it in to the dealer, am I still responsible for the tax on this vehicle. I will be paying sales tax on the new vehicle purchase. Just want to make sure casue on the buyers order looks like he charged me tax on the lease vehicle I am trading ,and tax on the new vehicle purchase?
  • jackel142jackel142 Posts: 47
    Here is the deal I was quoted on an 07 Armada LE with sunroof, filter, flaps, and 2nd row bench. MSRP of $45125.00
    15k 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?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi malkahmike. Let me begin by saying that $5,000 is way too much to pay at signing for a lease. One of the advantages of leasing is that one can drive off in the vehicle that they want without paying much at signing. I always advise consumers against making large down payments on leased vehicles. Those who make them risk losing them if their vehicle is totaled in an accident or stolen and never recovered.

    You 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_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Taysdad. In April, Infiniti is providing up to $3,000 dealer cash on leases of the 2007 QX56. Make sure to take this cash into account when negotiating your lease on this truck. The base version of this truck has a spread of at least $4,500 between its full MSRP and its dealer invoice price. When this is added to the $3,000 dealer cash it gives you a total of around $7,500 to play with. You were quoted a discount of $5,200 on this vehicle. If you are in an area that has a decent level of competition, I would not be surprised if you were able to beat this deal. It wouldn't hurt to shop around a little bit.

    This 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_man
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    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Greetings janen. It sounds like you are new to leasing. If so, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    You 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.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jackel142. You never mentioned the selling price of the Armada that you are interested in leasing. This is a very 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 more glad to give you my opinion of this deal if you let me know what its selling price is.

    Car_man
    Host
    Prices Paid Forum
  • jdls22jdls22 Posts: 7
    Ok, here is the deal..I am looking for a 2007 Armada. LE Model, wife wants the DVD system, and Leather Interior...I am in NJ, but willing to travel to either PA, NY or DE for the car..Looking to lease..I am receiving payments of over $600 per month, with total OUT OF POCKET close to $5K..12K miles per year, 39mos lease..Something is wrong, no?

    Thanks
    John in NJ
  • philly70philly70 Posts: 6
    Looking for an '07 Armada LE. Have seen great MSRP/Dealer discounts in MN throughout May/June, but lease financing seems off. Anyone know current money factor/residuals for 36/39 months? Couple dealers here showing payments above $700 on $39K all-in sales price. Make more sense to wait for '08's?
  • footwoodfootwood Posts: 16
    I currently have a 2004 pathfinder SE The lease is up october 2007.

    I 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.
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