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2013 and earlier Nissan Maxima Lease Questions

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  • Hello everyone,

    I was offered a 2011 Sports 3.5SV Loaded w/ everything but NAV from a local Nissan Dealer.
    39 mo lease.
    15k miles per year.
    Includes Oil Changes.

    Includes all Illinois Tax (entire lease is taxed at full amount in Illinois)
    Note* With my Altima as a trade I get a 17k tax credit.

    $0 down, includes plates and everything 1st payment due.

    $439 a month * 39 what do you think ?

    Is this good or is their money left on the table, I figure there is about $1200 in taxes in the lease going to the state of IL. The car stickered for 38ishk, but I am releasing from Nissan and I thought he said their was some incentive money.

    Is this a worthwhile lease ?

    I was thinking about putting $2500 down to get pymt to $375.

    He tells me the promotion ends Tommorow (Thursday) so I am curious what do you think ?? :confuse:
  • Nissan is very fair with lease returns, I returned a 350z with 50k miles and the rims had some good scratches around the outer edges on a scale of 1-10 I would say the front wheels were about 1 being mint condition 10 being horrible they were about 4s. And it had a convertible top with what looks like a small knife slit, and they did not say anything (I was sure they were going to say something). I did have new tires on it as it needed it. All in all they were very nice throughout the whole lease.

    Thanks
    Brian
  • srx2870srx2870 Posts: 16
    I think you can do better. Try using truecar.com or amex zag to find out the car price at your area and plugging all the numbers in lease calculator to figure out the payment. 39 mos, 15k sports package should have a 56% residual and the money factor is 0.00092 i think.
  • srx2870srx2870 Posts: 16
    Thanks for the reply.. Now i am less worry lol. How much will a nissan wear and tear insurance cost? I believe the car will definitely get scratch since i live in NYC lol
  • ahashmiahashmi Posts: 67
    Yup it includes taxes. Good Luck!
  • otoluvaotoluva Posts: 138
    edited July 2011
    I just got an offer from my local dealer on a 2011 SV model with cold package, spoiler, mud flaps and mats MSRP $35400,
    36 months
    15k miles/year
    $1500 total up front costs
    $300 a month
    Is it a good deal? Any input is greatly appreciated.
  • aces_fullaces_full Posts: 16
    From what I can tell it sounds like a great deal, how much was the purchase price of the car (might be called the capitalized cost, I can't remember the exact terminology)?
  • otoluvaotoluva Posts: 138
    Not sure , the salesperson did passively mention it but I didn't really catch it.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tonyk. It would be much easier to evaluate this deal if you were able to provide us with this car's full MSRP and selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for them. These numbers will make it easier to tell how large a dealer discount you are being given and in turn if there's likely any room left to negotiate.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi srx2870. Here's the new July program info for you. Nissan Motor Acceptance Corp.'s July buy rate lease money factor and residual value for a 36 month lease of a 2011 Maxima S with 12,000 miles per year are .00077 and 57%, respectively. I'm not sure if NMAC offers leases with only 10,000 miles per year on Nissan division vehicles, but if it does its 10k residual values would be 1% higher.

    It looks to me like the dealer that quoted you such a high bank fee is trying to mark up NMAC's base fee to add additional hidden profit to your deal. NMAC's base acquisition fee is normally $595.

    I have never returned a vehicle to NMAC, so I can't tell you what its end of term inspection process is like from a first hand perspective, but I can tell you that I have heard that they are reasonable.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi biggbrother. Nissan has special 4th of July incentives that are scheduled to run through the 6th. I suspect that its incentives will be similar in August, but it is difficult to predict exactly what automakers will do with their future programs.

    I don't believe that Nissan has any additional incentives for loyal customers on any of its vehicles right now.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Are the money factor and residual value different on different models of the Maxima? I am looking to lease in July and want an SV with Premium and Tech packages. Lease would be 39 months at 15,000 miles a year. Thanks for your input, Car Man.
  • nystarnystar Posts: 26
    Hi Guys,

    Leased 2011 Nissan Maxima Premium with Tech and spoiler (Fully Loaded, Navi, Panoramic Sunroof, Rear Spoiler), 12K Miles per year, 39 Months lease:

    $0 Down
    $595 Bank Fee + First Month + DMV and other fees = $1350 total out of pocket
    $426 per month (including NY Tax)
    I didn't discuss the residual or the selling Price as I am not intending to keep the Vehicle.

    Please let me know your thoughts

    Regards,
  • ahashmiahashmi Posts: 67
    Residual and Selling Price are not negotiated with intending to buy the car, but moreso to drive down the payments.

    You essentially pay ((Selling Price) - (Residual%*MSRP))/Term plus applicable rent charge to get your monthly payments.

    The lower the selling price, and higher the residual, the cheaper your monthly payments.

    Im not sure if you got the car as to advise if its too expensive or not is useless now, but I do remember someone offering the same car in NY for $1000 Out of pocket, plus first month and $350/mo plus tax. And this was from a broker meaning u can get it lower than that...
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    They often are, fat_professor. NMAC's July buy rate lease money factor and residual value for a 39 month lease of a 2011 Maxima SV Premium with 15,000 miles per year are .00022 and 54%, respectively for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • srx2870srx2870 Posts: 16
    Hi Car_Man,

    Whats the MF and Residual for maxima sv premium 36 months, 12k a year? Thanks!
  • otoluvaotoluva Posts: 138
    I just picked up my beautiful ocean gray ride from Marlboro Nissan in Mass.
    39 month lease
    15k miles/year
    MSRP $36000
    Cold pakg. Monitor pkge. Rear spoiler, Mud flaps and mats.
    $1800 down includes bank fee, first payment, DMV, sales taxe in Mass is (6.25%)
    $307 a month
    Carman I'm espacially interested to hear your take on the deal
    Hope this helps other shoppers on Edmunds as I benefited from the wealth of info provided by others :)
  • Hello All,

    Ok so this is my first post. I am currently in a Lease with Honda that ends on 8/29. I am really hoping to score a 2011 maxima sv + sport package. Could anyone help me out with the MF & current Residual rates? I am looking to put $0 down on a sign and drive and payments to be around $400+tax month. Does this sound reasonable or am I out of my mind? I've always leased from Honda based on the $1500 wear and tear credit they give at least back but am now trying to be adventurous and try a new maker. Do you think it's better to wait the two months before shopping? I live in FL if that makes a difference. Please provide any hints or pointers that will make this process a little easier. For my last two cars i've used a car broker just to not have to deal with salesman in a dealership type situation. I really wants this car and any help would be greatly appreciated! Thanks all
  • candy7371candy7371 Posts: 2
    Hi there! I currently have a 2010 Maxima SV w/premium package. I had some damage occur to the rear bumper that may or may not have happened when I took my car to get an oil change with them. (Couldn't prove it was them or myself) and 2 of my tires are completely bald so I went to the dealer and they suggested I do a new lease since I've had my current Maxima for almost 2 years. They quoted me the same exact car but a 2011 for the same payments I currently make and no money down. I currently pay $459 a month (tax included). I live in Miami, FL. Is this a deal or should I send them to go fly a kite? :confuse:
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi srx2870. Nissan Motor Acceptance Corp.'s July buy rate lease money factor and residual value for a 36 month lease of a 2011 Maxima SV Premium with 12,000 miles per year are .00022 and 56%, respectively for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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