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2013 and earlier Nissan Maxima Lease Questions

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Comments

  • cinci5313cinci5313 Posts: 18
    Unfortunately no, the rebate cannot be used on a lease. Only on a purchase when financing is done outside of Nissan Financing.
  • cinci5313cinci5313 Posts: 18
    That's a little different than the previous set of numbers. The price went up by about $1k. However, with the Sport Technology Package you also have to add the Sport Package as well.

    I would say that if you could get at least $3,600 off the MSRP or below invoice then you will be doing fine. At that point, getting to your needed monthly payment is determined by how much you want to put down. Of note: be careful putting too much money down on a lease. If something were to happen and the car gets totaled then you are out the money you put down and have no car.
  • carrerahcarrerah Posts: 23
    Hi all,

    Looks like the mf on the Maxima lease is .00108 - does anyone have the residual %s for a 12k mile per year lease?

    Also, do residuals vary by package, i.e., lower % with sport package, etc?

    Thanks!

    I drove a base model this morning and liked it - quite a bit. Seems like a solid car, with plenty of standard items for the money.
  • cinci5313cinci5313 Posts: 18
    It's 55% for a 39 month, 12k/yr lease. I believe it is the same residual value no matter the model/packages included on the Maxima.
  • carrerahcarrerah Posts: 23
    Thanks for the info. I guess the special is the 39 month lease, vs 36. Always a bummer for warranty and registration purposes, I guess. I'll have to look up the duration of warranty.

    By the way, a base model in my area (N.CA) is going for about $7k below MSRP, inc. the $1250, which I know is only available for purchase transactions.

    Does that sound like good pricing? I'm assuming I can get below $299 per month, including tax, and without paying the $2999.00.
  • njshorewillnjshorewill Posts: 17
    I don't know what the residuals are, but the Sport Package has a MUCH stiffer ride than the base model (WAY stiffer than my '05 SE). Be sure to compare rides before you sign on the dotted line.
  • tedr5tedr5 Posts: 3
    I'll post my deal for those of you still shopping:

    Maxima SV w/premium, splash guards and mats

    39 mos./ 12K

    MF .00108 / Residual 55%

    MSRP: $37,355
    Selling Price / Capital Cost: $32,622
    Payment: $367.08
    Payment w/ Pa. sales tax: $400.12

    Out of pocket: Acquisition, 1st month & DMV
  • smilemakersmilemaker Posts: 1
    Since this site was a big help in my negotiating I wanted to post the numbers for the deal I made yesterday, Hopefully it will help anyone else shopping around. I live in south Florida and made the deal locally. I'm happy cause the numbers match Edmunds market value. I'm coming out of an Infiniti M35 which I loved but numbers were too high.

    Maxima SV Premium (splash guards and mats included)
    39 mths/ 12,000 miles-year
    MF= .00108
    residual= 55%

    MSRP= $37,380
    cap cost= $32,900
    OOP total= $735 (includes 1st mth + registration costs)
    Monthly payment = $475 includes FL tax
  • gargamellgargamell Posts: 2
    i just picked a 2009 sv with premium package with technology package. has everything but a spoiler. 2500 bucks total out of pocket thats including taxes 1st month payment and dmw and my payments are 376 for 39 months
  • goudaygouday Posts: 4
    What dealership in PA did you make this lease deal with?
  • gargamellgargamell Posts: 2
    koppel nissan in Ny, queens
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi cinci5313. The money factor that you were quoted on this car looks great. It's right in line with NMAC's current buy rate for it. Now let's look at this car's selling price.

    A 2009 Maxima SV equipped as you described has a spread of around $3,600 between its full MSRP and its dealer invoice price. As you mentioned, the selling price that you were quoted is around $1,200 over dealer invoice plus there's a good chance that the dealer that you are working with is making another $1,000 in dealer cash on the stairstep program that is out there right now.

    If you were in an area that had a decent level of competition and were willing to be flexible about this car's equipment I would say that there's a good chance that you can do better than this offer. However, if this is indeed a limited combination of options / color and if there is limited competition in your area then this deal might be reasonable.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on getting your new Maxima, an414666. How do you like it so far?

    Thanks for taking the time to share the details of your lease with everyone. Real world examples like this are always helpful for other consumers who are in the market for similar vehicles.

    If you'd like, you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com and share your thoughts on your recent dealer experience as well.

    Thanks again and enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • tedr5tedr5 Posts: 3
    Ardmore Nissan
  • rsazmanrsazman Posts: 4
    SV with Premium, Premium Tech:

    Base $33,580
    Premium Pkg $3,450
    Premium Tech $1,850
    Cargo Organizer $150
    Floor Mats $180
    Mud Guards $170
    Spoiler $370

    MSRP $39,750
    (Invoice $36,089)

    Dealer adds $1,995

    Total $41,745

    $0 cap reduction (acquisition, doc fee, registration and 1st month paid up front)

    Payments $378.74, plus tax, so sale price/adjusted cap cost was approx. $33,750.
  • akhan2akhan2 Posts: 4
    It was time to turn in my lease 2006 nissan maxima SL, so i shopped around for a few different cars and just signed on a new 2009 Nissan Maxima SV Sport lease, this is what i got: (Southern California)

    2009 Maxima SV (radiant silver on black) with
    Sports Package
    Premium Charcoal leather
    Technology Package
    19 in summer tires (included in sports)
    Splash Guards
    Carpeted Floor & Trunk Mats

    MSRP was ~ $38,500, below are the lease details:
    Selling Price ~35,000

    39mos /15k miles a year
    Money factor: 0.01085
    residual: 55%
    1900 due at signing
    $450 a month (includes CA tax 8.25)

    If someone is in the market, i would highly recommend the Sports Package - on the last generation i found the SE package too stiff and ended up getting an SL but now the Sports Package is slightly stiffer and makes for a very comfortable ride. Highly recommended.

    Good luck to everyone
  • I just leased a Nissan Maxima S for $380 a mth tax included. $750 cap cost reduction plus tax title , fees etc total out of pocket $1400. I think its a pretty good deal. I'm in the South Florida area. Can anyone tell me if this is a good deal? Ps. Love the car!
  • kingpcgeekkingpcgeek Posts: 985
    You didn't tell us the selling price, lease length or miles so its impossible to tell. Cap cost reduction though is never a good idea on a lease.
  • Final SP was about $27600
  • td_inctd_inc Posts: 17
    Hi, thanks to everyone on the board! always been helpful.

    I'm looking at a Maxima SV SportTech in NJ (7% tax) and this is what I've got:

    MSRP - 38480
    Sale Price - 33234
    Out of Pocket - 1700
    Monthly - 398 including tax (39 months)
    and they'll pay last lease payment of trade in $306

    I've asked for the same deal on a PremTech and they've said ok, not solid yet.

    Is that the best it'll get? What do you think?
  • pajaha1pajaha1 Posts: 5
    td- sounds like a good deal to me, I've been casually shopping the north NJ market- I'm looking to sign in late July. May I ask which dealer you're working with?
  • td_inctd_inc Posts: 17
    Sansone Rt.1 Automall in Woodbridge

    My wife's lease doesnt go back until end of July too, i'm inclined to wait because if they are willing to pay the monthly payment then why wouldnt they be willing to take that money off my out of pocket?
  • pajaha1pajaha1 Posts: 5
    I never bite on the "we'll make your last payments" thing. I know Nissan is aggressively clearing inventory this month, but I cannot see things changing for July.

    I've shopped several deals in the Morris County area and yours is as good as I've heard. Stay away from Nissan World- they are crooks and I hope they're lurking on this page!
  • rw799rw799 Posts: 5
    rsazman - This deal seems to good to be true, but I hope that it is. If I read your post correctly, you are leasing this car, SV with Premium, Premium Tech, for $378.74 a month and $0 down. Is this correct? If so, what dealership?
  • audiguy5audiguy5 Posts: 2
    Here is my deal:
    Premium SV Black/Black everything but navigation
    MSRP $37,355
    Sell Price $34,052
    39 Month/ 15K per year
    54% residual
    MF .00129
    $500 out the door including 1st month and 3 months license
    All taxes and fees rolled in(5% state sales tax)
    Payment $469

    Good deal? Bad Deal? Room to negotiate?
  • rw799rw799 Posts: 5
    2009 Maxima SV with Premium Pkg and Premium Tech Pkg.

    MSRP: $38,355.00
    CAP: $34,800
    RES: 54% ($20,711)
    MF: .00108
    TERM: 39 Months
    Mileage: 15K/yr
    TAX: 7.25% ($2,523)
    OTD: $1000
    Payment: $469/mo ( everything included)

    Please let me know what you think of this deal. When I punch these numbers into Edmunds.com's Lease Calculator I get $454/mo. Thoughts?
  • rw799rw799 Posts: 5
    Gargamel

    i just picked a 2009 sv with premium package with technology package. has everything but a spoiler. 2500 bucks total out of pocket thats including taxes 1st month payment and dmw and my payments are 376 for 39 months

    Can you break this down into MSRP, CAP, MF, LENGTH, MILEAGE, RESIDUAL, and TAX for me. I would really appreciate it.

    rw
  • rsazmanrsazman Posts: 4
    Correct, from Midway Nissan, Phoenix, at the very end of last month's Nissan retro step incentive program.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi akhan2. Thanks dor taking the time to share the details of your lease with everyone. Real world examples like yours are always helpful for community members who are in the market for the same car. If you have the time, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well.

    Enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi audiguy5. Let's take a look at this deal. Nissan Motor Acceptance Corp.'s current buy rate lease money factor for a 36 month lease of an '09 Maxima is .00108. That's slightly lower than the factor that you were quoted for some reason. Make sure that the dealer uses the correct factor to calculate your payment.

    Now let's take a look at this car's selling price. The Maxima that you are interested in probably has a spread of around $3,200 between its full MSRP and its dealer invoice price. You were quoted a dealer discount of around $3,300 on this car. That looks like a very good price to me.

    As long as you get the slight money factor discrepancy straightened out, I personally don't see any reason not to go for it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.