Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier Nissan Frontier Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,518
edited January 29 in Nissan
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Nissan Frontier. Thanks.

Car_man
Host
Smart Shopper / Prices Paid Forums
«13

Comments

  • I just leased the above vehicle in the Philly Area. Wanted to post that on 42 month lease with 15k miles a year, residual value was 56% and money factor was .00157. They are practically giving them away. Makes for a very nice lease payment on a truck with a sticket of 27,500. Exton Nissan in the western Philly Burbs ... terrific place to deal with.
  • pdurantpdurant Posts: 18
    Hey Car_Man,

    Could you please post Nissan's current residual and money factor on a 2006 Nissan Frontier King Cab SE 4x4 for 36 and 39 month leases?

    Thanks for the help!

    Philip
  • pdurantpdurant Posts: 18
    Car_Man,

    I needed that residual for a 12k mile/year lease.

    Thanks!

    Philip
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey Philip. If you were to lease a 2006 Nissan Frontier King Cab SE 4WD through Nissan Motor Acceptance Corp. right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00181 and 58%, respectively. The numbers for an otherwise identical 39 month lease should be .00179 and 57%.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Ahhh, you're interested in 12,000 miles per year. In that case, this truck's residual values should be 1% higher.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • kmoskmos Posts: 5
    What are your monthly payments?
  • jetta18jetta18 Posts: 2
    What is the money factor and residual on an 06 4x4 Crew Cab LE based on 36 months and 15k miles?

    Thanks,
  • Hi jetta18. Through September 5th, Nissan Motor Acceptance Corp.'s buy rate lease money factor and residual value for a 36 month lease of a 2006 Frontier Crew Cab LE 4WD with 15,000 miles per year are .00146 and 56%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • 1)
    I am 2 years into a 5 year lease. I was just given a company vehicle. Can I get out of my lease and if so, what would it cost me?
    2) I am allowed 12k miles a year. If i go over, I have to pay. Will they pay me if I use less than the allowed 12k? I have used only 15k miles in 25 months.
  • Hi jimbob72. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.

    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Community members who hang out there are often kind enough to give others who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. Unfortunately, I suspect that it is going to be fairly expensive to get out of your lease three years early. Banks do not provide refunds for unused mileage on leases.

    Car_man
    Host
    Prices Paid Forum
  • Hello everyone!

    I am new to the leasing world, but I would consider myself somewhat educated on the subject.
    I am condsidering leasing an 07 Frontier King Cab LE V6 4X4 Automatic. I got a great price from CarsDirect.com on their website.
    Can you tell me the current lease rates for tier 1 credit and residuals? For a 24 or 26 month lease, 12K miles/year.

    I am also considering an SE model (to lower the payments in the case I am unable to find a good deal) as well as comparing the Toyota Tacoma, which is a little higher.

    Any information would be helpful. Thank you so much in advance!

    Sarah
  • viper2viper2 Posts: 38
    Hi Carman.

    I know this is a little last minute, but I am going to stop by the Nissan dealer tomorrow morning. I am looking at a 2006 Frontier SE Kingcab 4X4 with auto and power package.

    What is the money and residual for a 3yr/45,000 mile lease? And, is there a security deposit required?

    Thanks,

    Peter
  • Welcome Sarah. Since you are new to the world of leasing, 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.

    Here is the specific information that you are looking for about this truck's lease program. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 24 month lease of a 2007 Nissan Frontier King Cab LE 4WD with 12,000 miles per year are .00146 and 60%, respectively. The numbers for an otherwise identical 36 month lease are .00182 and 52%.

    Let me know if you have any other questions.

    Car_man
    Host
    Prices Paid Forum
  • Here's the info that you're looking for, Peter. Nissan Motor acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2006 Nissan Frontier King Cab SE 4WD with 15,000 miles per year are .00182 and 54%, respectively. NMAC charges a security deposit equivalent to vehicles' monthly payment rounded up to the nearest $25 increment at lease signing. It will waive its security deposit requirement in exchange for an increase of .00015 in the money factor that is used to calculate your vehicle's monthly payment.

    Car_man
    Host
    Prices Paid Forum
  • Hi and thanks!!!
    I have been reading leaseguide.com but I will definitely check those out.
    .00146 money factor!!! Holy crap, I have been getting quotes of .00310 is that right??? for tier 1 credit??
  • No problem, psusrah. A money factor of .00310 is way too high for a 2007 Nissan Frontier. Heck, that's worse than Nissan's standard lease money factor for consumers who qualify for your credit tier. Let me know if you have any other questions.

    Car_man
    Host
    Prices Paid Forum
  • That's strange about the money factor... I asked several dealers for a quote and I asked about the money factor. Almost all said .00310 right from NMAC. What's that about?

    I am waiting too see if I get a new job before I make any purchase/lease decisions, but I still want a frontier.. but I don't want to pay that high of a rate. I feel I shouldn't have to.

    Sarah
  • ddavyddavy Posts: 1
    Hi there,

    Can anyone help: Is this a good deal:

    Crew Cab 4x4 SE with value package
    MSRP 24800
    Selling price: 24000
    Resid: 56%
    39 months
    Money Factor .00234
    $991 total due at signing
    $409 a month

    This is a Cincinnati dealer

    Thanks,

    Darryl
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello Darryl. The truck that you described has a spread of around $1,800 between its full MSRP and its dealer invoice price. You are only being given a discount of $800 on it, which puts you at approximately $1,000 over invoice. I personally would want at least another $500 knocked off of this Frontier's price if I was in the market for it.

    The money factor that you were quoted for this truck doesn't look quite right either. Nissan Motor Acceptance Corp.'s current buy rate for a 39 month lease of a 2007 Frontier Crew Cab SE 4WD is only .00190 with the payment of a security deposit at lease signing and .00205 with the deposit waived.

    Try to negotiate a lower selling price and make sure that the dealer you are working with uses NMAC's buy rate money factor to calculate your monthly payment.

    Car_man
    Host
    Prices Paid Forum
  • fade123fade123 Posts: 1
    Hey Car_man,

    looking to lease 07 Frontier SE Crew 4x4 longbed automatic with SE value power package.

    MSRP $27000.00

    I need to know current money factor and Residual value. Also what would be a good sale price.

    Thanks
    mike
«13
This discussion has been closed.