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2013 and earlier Nissan Maxima Lease Questions

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  • lm_cincylm_cincy Posts: 11
    Went to 2 dealerships over the weekend ... loved the 2007 Maxima SL ... I drove the 2006 SL and there was such a difference - loved the new features of the '07 enough to pass on the great deals on 2006.

    The MSRP on the 2007 SL is $33465... they said unfortunately, the deals on leases were not so good... and boy did I agree, once I saw the figures.

    $547 / month for 36 months / 12K miles a year and $2,000 down

    Can you help me understand why, when it is almost the same sticker price for the 2006, is there such a discrepency - they said we could have the '06 for $357 / month - 0 money down. 36 month/$12k miles

    No way will I pay almost $550 a month for a Maxima ... but love the car. Any idea how long to wait before they will get better lease rates??

    Thank you!
  • maximafanmaximafan Posts: 592
    You're lucky to even have a 2007 Max on the
    lot. Here in Tampa, the two local
    dealerships don't seem to have any yet.
    By the way, what state do you live?
  • maximafanmaximafan Posts: 592
    I think I deduced from your screen name that
    you're from Ohio?
  • sgtslatesgtslate Posts: 16
    Money factors can make a huge difference. I was told an easy $80 per month increase comparing a nothing money factor like what is being offered on a 06 vs an 07 at a high money rate of like 6.5%. Plus I am guessing since it is a brand new model, they are not taking much off MSRP. if you want to be the first on the block, you have to pay the price
  • lm_cincylm_cincy Posts: 11
    YES ... from Cincinnati, Ohio.
  • toolpictoolpic Posts: 12
    just leased a 2006 3.5 maxima SE with the following

    Navigation
    Driver Pref pkg
    Sunroof
    Sirius radio
    floor and trunk mats

    here are the numbers, how did i do

    15,000 miles a year for 36 months

    380 month including tax of 9% w/ 2000 down

    2000 down as follows

    380 first month pmt
    165 tags
    1335 cap reduction
    120 tax on cap cost, 9%

    sticker was $35,545 with selling price of $31,730
    i was told residual was 52% and money factor of .00004

    how did i do, could i do better have 24hrs to decide
  • maximafanmaximafan Posts: 592
    toolpic, that sounds like a great deal to
    me! You just got a top-of-the-line Maxima
    SE! Enjoy your new car!
  • drthspdrdrthspdr Posts: 1
    I visited a Nissan dealer in Illinois yesterday and found a 2006 Maxima SE, MSRP of $34,895, that I am interested in leasing. I would like to lease for three years, with 15,000 miles per year. I was wondering if you could provide me with the current lease money factor and residual value percentage used by NMAC for this type of lease. Also, I was wondering if there are any current allowances or rebates applicable to leases. And last, I was wondering what you feel would be a good price for this vehicle. Thank you in advance for your assistance.
  • nissan99nissan99 Posts: 3
    hey everyone,

    If anyone needs any advise before buying, or leasing a nissan. Please feel free to ask me, I'm an Internet Sales Guide in south florida, and will give you the real answers, to any of your questions.

    thanks
  • nissan99nissan99 Posts: 3
    Ok I worked your lease on my computer, at the dealership, and without tax:

    Car at 31500...selling price.

    1500 down (signing inceptions)

    36 mos lease $414.69 a mos without tax.

    with 15k miles

    good luck
  • hartthartt Posts: 79
    Using June's MF (.00004) and residual (52%) provided on this forum, I come up with a monthly payment of $372.95 before tax and $395.32 after tax (6%). That is based on an MSRP of $34895 and a selling price of $31500.
    nissan99 -- Can you break down what the $1500 signing inceptions are?
  • nissan99nissan99 Posts: 3
    ok...i don't know what you are using to figure those numbers out...but i'm using a leasing progrom from Nissan leasing...

    Inceptions..include sec deposit....first monthly payment, doc fee, and tag.

    Maybe my leasing program has a different calculation that I'm not aware of cause of the state. However, there is interest involved too, and that is probably what you are missing.

    nissan99
  • This was recent deal in Hartford, CT

    '06 Maxima SE Black
    Splash Guards
    Floor mats
    Rear Spoiler
    MSRP = 29065
    Neg Sale Price: 25100
    Cap Cost = $338
    Lease Terms = 36 months/15K miles per year
    Residual = 54%
    Buyout: 15036
    Money Factor = .0004
    Monthly payment (includes 5% tax) = $284.56


    - $1216.00: includes first payment, Fees,taxes,Plates,Registration, Doc Fee $299 includes in above number.(No security deposit because we are previous Nissan customer)
    ----------------------------------------------------

    Trade: 2000 Dodge Intrepid 89k miles, really rough shape tons of dog hair,smells, A/C leak, rips in seats, cassette, burns oil smokes needs $1200 valve job. (we didn't tell dealer)
    The dealer offered $2500. for trade $1500. toward fees, (338 cap cost) plus cut us a check for $1000.

    Thanks for any advice.
  • lm_cincylm_cincy Posts: 11
    Any idea when they will get a good leasing program for the 2007 Maxima? Someone told me in August or September ... do you think that is true?
  • Looking lease a Maxima 2006 SL.
    Added features: Splash guards, mats
    Driver preferred pkg.
    Black color, black interior
    Live in TX and considering a 24 mo lease at 15,000 miles. What ballpark should we be in? LMK if you need additional info. Thanks
  • I am helping out a friend in Ohio who really needs our help :) :confuse: He is looking for a

    2006 Nissan Maxima SL
    Floor Mats
    Splash Guards - 4-piece, body-color
    Power Glass Sunroof

    He filled out a Credit Application today and the dealer said they would honor the Money Factor that was valid through today for a few more days.

    They said they will sell the car at $100 over Invoice no $1500 Rebate since it's a lease.
    So...

    0 Down just normal drives which should be 600 or so I am guessing?

    $31,945 MSRP
    $29,273 Sell Price
    Money Factor 000410
    36 Months 12y/r
    $387 a month if he puts down a security deposit.
    not sure the residual, does anyone know?

    Can someone help advise me if this is a good deal or what I can do to help him.

    What are the new deals out on 7/6?

    Thank you in advance for any help!
  • maximafanmaximafan Posts: 592
    Sandiegoshaun, that sounds like a great deal
    to me. Good luck to your friend, and you're
    a great friend to help out!
  • lm_cincylm_cincy Posts: 11
    Does anyone know what the money factor is on the new 2007 SL?

    Also, looking to find out the residual on a 36-month / 12K miles /year lease.

    THANKS!
  • hartthartt Posts: 79
    It looks like this is the month. I will be returning my Pilot the first week in August and would like to have another vehicle before then. There are several vehicles I am interested in so I will be posting questions on the boards of the vehicles I am looking at.
    I would like to know the MF and residual on a lease for an '06 and '07 Maxima SE for 3 years with 15,000 miles a year. Could you also provide the 39 month program as well?
    Thanks for your help Car_man.

    Tim
  • My wife is preapproved through NMAC for a tier 0 lease.
    What is the MF and Residual for a 2007 Maxima Elite with 15k miles per year?

    ALso, any recent selling prices for this car. My dealership plays game with in the F & I room and I cannot stand it.

    PLEASE HELP. I need a car fast! and this seems to be about the only one my wife likes that I can afford!

    Frustrated in GUlfport, MS

    R
  • bowski77bowski77 Posts: 1
    I just got qouted

    Maxima SE
    MSRP $28890
    Selling Price $26417
    15K/36
    52% Residual
    $15172 Residual Value
    .00019 Money Factor
    $371mo payments (tax included)
    sign and drive( no money out of pocket)

    now my credit is a little shady but I have a cosigner with golden credit. Is that why my money factor is this instead of the.00004 that i have seen?

    Is this a good deal? Does Nissan have any lease cash that they are not disclosing? Let me know! They told me this was $300 under invoice.
  • val06val06 Posts: 1
    Never leased before and was offered 15,500 on trade in and owe 10,700. 2006 Maxima was MSRP app. 32,800. 12,000 miles per year with a residual of 17,053, for 338 for 36 months. Is this what I should be paying. Don't know to much about leasing. Help, please!!!
  • erik7erik7 Posts: 4
    val06,

    Things people would need to know before we can offer you any help.

    1. The residual percentage being used; this isn't negotiable and if you are using nissan financing, from my research, it should be 53% for a 36 month lease.

    2. The money factor. Now this can be played with. The great news is that Nissan is offering a great money factor on 06s, .00004. Money factors are not interest rates, but to convert a mf to an interest rate, multiply the mf by 2400. In this case, this is a .7% rate. Practically no interest!!!

    3. Are you putting you positive trade in money as a down payment? I don't recommend putting money down on leases. If you are putting down $5000, that's probably not a great price.

    Also, be aware that there is a $1500 factory to consumer rebate on 06 Maxima's according to Edmunds. I don't know if it's included in leases, but I think it should be.

    I'm about to buy an 06 or 07 Max. For the 06, if I can find the car I want, my MSRP is $35,805 and the invoice is $32,447. But remembering there is a rebate, the invoice is actually $30,947. If I can get a dealer to agree to that price, I calculated my payment to be $357/month. I would be paying at signing, the bank fee (or acquisition fee), any dealer fees, and of course the first payment. So basically, I'm not putting a down payment on the vehicle, just paying fees at signing.

    Compared to your deal, I'm only paying $19 more a month for a more expensive car and not putting down roughly $5000. So I'd say you're not getting a great deal.

    Go here to learn more about leasing.
  • erik7erik7 Posts: 4
    Forgot to mention, my payment includes 7% NJ sales tax. Without tax, the payment is $334. I don't know if your payment of $338 included your state tax or not.
  • tristan1tristan1 Posts: 39
    Just wondering how did you come up $357 a month for a $31k without any down payment? I just bought my 06'SE driver preferred pkg. premium audio and Nav. MSRP $35,345. I paid $30,050. I put $10k as down payment with 4% APR and my monthly payment is $398.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dpwillis2401. A base '06 Maxima SE has a spread of just under $2,400 between its full MSRP and dealer invoice prices. You are being given a discount of nearly $4,000 on this car. Obviously, this is an outstanding price. The lease program that you mentioned was for June. NMAC's new 36 month, 12,000 mile peer year lease program for this car is .00004 and 51%. If you can get this price combined with the current lease program, you are getting a heck of a deal.

    Car_man
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    Prices Paid Forums
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings katiebrake. I would be happy to give you an idea of what this car's lease program should be like. It would be a big help if you would provide me with an MSRP and approximate selling price for this car first. Let me know and I'll run some calculations for you.

    Car_man
    Host
    Prices Paid Forums
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey lm_cincy. If you were to lease a 2007 Nissan Maxima SL through Nissan Motor Acceptance Corp. right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00238 and 53%, respectively. As you can see, Nissan has already had to introduce a little lease support on this car. It is difficult to say when it will increase its level of support for the '07 Maxima. A lot will depend upon how well it sells with its current lease program.

    Car_man
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    Prices Paid Forums
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Tim. If you were to lease a 2006 Nissan Maxima SE 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 .00004 and 52%, respectively. This car's 39 month, 15k numbers should be .00147 and 51%. The numbers for a 36 month, 15k lease of a 2007 Maxima SE should be .00238 and 52%. This car's 39 month program should be .00285 and 51%.

    Car_man
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    Prices Paid Forums
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Help is on the way, rwalkeredmund. Nissan's lease program for this car varies depending upon how long one leases for. Right now, the 36 month term is the most attractive for this model. If you were to lease any 2007 Nissan Maxima 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 .00238 and 52%, respectively. You may be able to find information on what sort of selling price you should expect on this car by visiting the following discussion: "Nissan Maxima: Prices Paid & Buying Experience".

    Car_man
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