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Nissan Armada Lease Questions

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  • Car-Man,
    Would you kindly provide the current money factor and residual % for a 2008 NIssan Armada LE in Westchester County, NY. Also, is it true that december is typically the best month to lease the previous model year vehicles from import companies?
    Also could you provide the average financing rate for a purchase through NIssans captive finance company for a purchase of a 2009 for someone with good-excellent credit (credit score greater than 700).
    Thanks
  • Hi Matt. Nissan is no longer providing lease support on the 2008 Armada. as a result, if you were to lease one through Nissan Motor Acceptance Corp., you would have to use its standard lease program. Its program for this truck varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.

    NMAC's current buy rate lease money factor and residual value for a 36 month lease of an '08 Armada LE 4WD with 15,000 miles per year are .00325 and 38%, respectively. :surprise: yuck.

    In general, December is often a good time to lease leftover vehicles. Of course, lease programs vary by model. Some manufacturers have already pulled the plug on their lease support for certain '08 vehicles.

    As far as its conventional financing program goes, Nissan is currently offering 0.9% financing for up to 5 years and 2.9% for 6 years on the 2009 Armada.

    Car_man
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  • I need help understanding the $622 price. Here is what I did. $47400 plus a residual of $24174 = $71754 (times) .00123 money factor = an $88 money factor payment. the monthly depreciation payment is calculated by the $47400-24172=23226 divided by 39 months = $595. Therefore the total monthly would be $595 plus $88 or $683?
    I like your calculation much better, but I need to understand how you got there? Can you help?
  • ucjjgucjjg Posts: 19
    Hi Car_man,

    Curious if you have the February lease numbers for a 2009 Armada LE; Would appreciate MF, residual for 36 year, 15K.

    Thanks in advance.
  • Here you go, ucjjg. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2009 Armada LE 4WD with 15,000 miles per year are an atrocious .00325 and 36%, respectively.

    This unsupported lease program can be combined with the $4,500 customer cash that is currently available on this truck, but if I was in the market for one I personally would not lease. I would either use the $4,500 and finance it through an independent bank or finance it through NMAC using its special 1.9% rate for 5 years.

    Car_man
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  • ucjjgucjjg Posts: 19
    Thanks Car_Man - you are right, those numbers are terrible!! Among the worst I have seen.
  • Car_man,
    Can you please shed some light on the math behind post #128 as it refers to post #118?
    Thank you in advance for your help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    No doubt, ucjjg. I definitely would not go with an Armada if I wanted to lease something right now.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Sprkieee. I use Excel and the formula that is outlined in the following article to calculate lease payments: Calculate Your Own Lease Payment. Check out the article and let me know if you have any questions.

    Car_man
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  • Car_man - Can you provide me with the current (Oct. - Nov. maybe not out yet) Lease rate/residuals for 2010 Nissan Armada? Specifically Platinum 2WD but I may go with another model. Can do the math, need the tools. Thank You
  • Hi rick156. Through November 2nd, Nissan Motor Acceptance Corp.'s buy rate lease money factor and residual value for a 36 month lease of a 2010 Armada Platinum Edition 2WD with 15,000 miles per year are .00290 and 40%, respectively.

    You never mentioned how long you want to lease for or what mileage allowance you need, so let me know if you want something different.

    Car_man
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  • Car_Man--

    My wife is in the market for a new SUV as her lease is expiring on her 2007 Armada. We are considering leasing another Armada.

    Can you please tell me what Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease are currently? We are looking at the 2010 Platinum 2WD and 12,000 miles per year. Thanks!
  • Here's the info that you're looking for, sabrothe. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2010 Armada Platinum 2WD with 12,000 miles per year are .00039 and 45%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • Thanks Car_Man, exactly what I was looking for.
  • You're very welcome, sabrothe.

    Car_man
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  • Car man please excuse my ignorance, what is the lease rate for 2010 Nissan Armada Platinum 39 months 12,000 miles, do I multiply that by the purchase price to get a monthly payment? How much of a discount should I get for a demo model with a 1,000 miles on it? Thanks
  • jcox9jcox9 Posts: 2
    I am looking to purchase/lease a 2010 4wd Platinum Armada before the end of March. It appears that there is a special 39 month lease on the SE. Does this apply to the Titanium as well? What are the march residual and buy rate money factor for a 2010 Platinum Armada with 12K and 15K miles per year? Thanks.
  • hello, I am also looking to lease an armada platinum, have you leased yet? I'm in Florida and inventory is really bad and I'm having a hard time getting good prices. If you have any info to help, I would greatly appreciate it.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi mkhalil33. These aren't ignorant questions at all. Nissan Motor Acceptance Corp.'s new April buy rate lease money factor and residual value for a 39 month lease of a 2010 Armada Platinum AWD with 12,000 miles per year are .00060 and 47%, respectively for consumers who qualify for its top two credit tiers.

    You can use this lease program, the truck's MSRP, its selling price, and the formula that is outlined in the following article to work up a lease payment: Calculate Your Own Lease Payment..

    The problem that I personally have with demo vehicles is that dealers are never willing to discount them enough for my taste. I myself wouldn't want a vehicle that someone had put a thousand miles on unless the dealer was willing to knock a grand off of the price of an equivalent new vehicle...and that probably isn't going to happen. Chances are that they'll offer you another couple hundred dollars off. To me it's not worth it, but many people love demos so your mileage may vary.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jcox9. Nissan's special lease money factors on the 2010 Armada are available on all trim levels. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2010 Armada Platinum 4WD with 15,000 miles per year are .00060 and 45%, respectively for consumers who qualify for its top two credit tiers.

    The numbers for an otherwise identical lease of a 2010 Armada Titanium 4WD are .00060 and 47%.

    If you were to lease either of these trucks with only 12,000 miles per year, their residual values would be 1% higher.

    Car_man
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