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2013 and earlier Nissan Maxima Lease Questions

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  • ajm7ajm7 Posts: 8
    Coltrane1, I am looking to lease the same car as you, 2012 maxima sv with sport pkg. I was quoted 395.00 by a massachusetts dealer on a 2011 with $595 down plus 1st month payment. Obviously this is not going to happen. I contacted legend leasing per a prior poster recommendation and they are trying to locate the car for me, they will then quote a price. Quick question, when you say no money down, do you mean they are waiving the $595 acq fee? Also, $356/month includes taxes at 7%? Thanks and I will let you know how I make out.
  • ahashmiahashmi Posts: 67
    no money down means $0 cap cost reduction. However in the case above, he means no money out of pocket (i believe), this doesn't mean tax title and fees are waived, they are just rolled in the monthly payment.

    Although that what many people opt for, one thing to keep in mind is those fees get an interest rate (MF) tagged to them. There are pros and cons to rolling or paying up front, but just to keep something in mind when you decide the deal.

    hope it helps
  • jmcaleneyjmcaleney Posts: 7
    edited February 2012
    Hi car man! do you know the current buy rate lease money factor and residual value for a 39-month lease of a 2012 Maxima SV Premium and technolgy pkge with 15,000 miles. They have offer me the following. 41081 msrp, 2500 in rebates and no money down.I live in NJ with a 7% sales tax and they are offering me $500 a month even. Is this a good buy? It look like to me is should be roughly$468 on monthly basis. Is that right? Thanks for you help! Jon
  • Car Man After nego with dealers my final lease offer was the follow: no money down 39months 15k miles for $453 a month. MSRP was 41000 and the money factor was .00059 and residual was 54%. I live in Nj with a 7% state tax, Is that a good deal? I tried to use all the info from this site to help me negoiate this. They said the couldn't do anymore but I still think there was another $20 a month there to get. What to you think?
  • ajm7ajm7 Posts: 8
    Originally I was looking to lease a 2012 Maxima, just visited an infiniti dealer and changed my mind. I just signed a 39 month, 10k miles per year lease on 2012 g37x sedan with premium pkg, interior accent pkg, performance wheel and tire pkg, splashguards, illuminated kick plates, carpeted trunk mat, net and first aid kit...msrp $43,185. $376.32 per month plus Massachusetts taxes that brings total to 399.84. Cost paid at signing was 700 Acq fee, 1st month of 399.84 and $541 cap cost reduction. Dealership is paying RMV fees and there were zero dealship paperwork fees. Don't know if this will help anyone.
  • ajm7 sound like you got a pretty good deal! Your total monthly cost of $442 is comparable to my $453 because I getting 15K miles. I was playing $525 for my last 09 maxima so saving $72 a month make me happy for the same car. I really did liked the infinity but a little to small for me. I'm a big guy. Good luck with your car!!
  • Here you go Jon. Nissan Motor Acceptance Corp.'s February buy rate lease money factor and residual value for a 39-month lease of a 2012 Maxima SV Premium with 15,000 miles per year are .00059 and 54%, respectively for consumers who qualify for its top credit tier.

    Nissan is currently only offering a $1,000 cash incentive on leases of the Maxima in your area. That means that the dealer is offering you a $1,500 dealer discount. If that is indeed the case, then you're probably still at over $2,000 over dealer invoice...which is not a great deal. If you are in an area that has a decent level of competition, you should be able to do $1,000 or probably $500 over invoice minus the cash incentives.

    Also, if you're not in a hurry, it would be in your best interest to wait until close to President's Day weekend to get your new Maxima. Nissan often offers special, additional cash incentives on the Maxima then.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car man here my thinking:

    MSRP 41000
    Residual value 54%
    equals 22140

    Actual cost 32000 plus pkg of 4600= 36600
    minus rebate 1500
    equals 35100

    36600-22140=12960 divided by 39 =332.30

    residual value 22140+ cost minus rebates 35100= 57240
    divided by .00059= 33.79

    332.30+33.79 =366.07

    Plus NJ tax 7% =25.62 + 366.07=391.69. Is that how you would value this deal of 391.69 a month. Thanks for you help! Jon
  • According to my calc is 391.71, but yea close enough. You still have to pay inception fees at signing though.
  • Yes, jmcaleney, your calculations look correct to me.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • mr_t0admr_t0ad Posts: 1
    edited February 2012
    Hi Car Man,
    I am new to this forum. I been reading the posts getting ready to lease a Nissan Maxima. I got a quote today for a basic 2012 Maxima S. The MSRP is $33,835.00. 39 Month lease, 12k miles. It is $1,850 up front which includes MVC fees, Bank and Doc Fee, First month payment. The payment is $299 a month including the 7% NJ sales tax. Does this look like a decent deal. I need to go back to see how much of the $1,850 goes to CAP reduction.

    I just saw the post for Legend Leasing. Looks like my payment is good, but I could knock $500-$600 off the up front costs.

    Thanks for you help
  • Welcome mr_t0ad. It always pays to find out what selling price you are being charged for the vehicle that you are interested in. The selling prices of leased vehicles are negotiable, just as if you were paying cash or financing. Without the selling price, it is much more difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know what the selling price is and we'll tell you what we think.

    When negotiating your deal on this car, make sure to take the $1,000 cash incentive that is currently available on leases of it in your area into account.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • y2001y2001 Posts: 7
    Hi Car_man,
    Do you have information regarding money factor & residual values for both 2011 & 2012 Maxima SV? I am looking for a 39 months, 12,000 miles lease. Thanks for your help.
  • khuzbuzkhuzbuz Posts: 14
    I recently leased a 2012 Nissan Maxima 3.5S with Limited Edition Package over the President's Day weekend. I think I got a fairly good deal.

    MSRP - $33,695
    Sales Price - $27,936 (After lease rebate of $1,000 and holiday bonus of $500)
    MD Tax - $1,778
    Tags - $272
    Dealer Processing Fee - $199
    Residual Value - 57%
    Money Factor - 0.00104
    Term - 39 months / 15k miles per year
    Out of pocket cash - $1,200
    Monthly Payment - $328
  • hey khuzbuz,

    Did your out of packet cash include your first month's payment? Or did you have to pay $1200 down plus first month's payment?

    Also, I am in MD too. Can you please tell me the name of the dealership? I am also looking to lease 2012 Maxima with the Limited Edition Package.

    Your deal sounds good and I wouldn't mind going to the same dealership for a similar deal.

    Thanks in advance.
  • khuzbuzkhuzbuz Posts: 14
    The $1,200 is total out of pocket to cover 1st month's payment, any other charges that needed to be paid upfront. I assume the tax gets rolled into the life of the lease.

    I went to Herb Gordon in Silver Spring. I worked out the deal through email and then showed up for the test drive and to complete the paperwork. I was at the dealership for less than 2 hours.
  • iburrowsiburrows Posts: 8
    i'm located in a different state... so this all might be pointless, but from what I can see this "sale price of ~$27,000" doesnt seem to be possible. also, what tax % do you guys in have in MD? according to what I have here (i work at a Nissan Dealer) ~$1,700 in sales tax on this vehicle equals ~13%. again unless stuff is calculated drastically differently between Ohio and MD
  • jordanttjordantt Posts: 3
    I recently got a 2012 Premium/Technology car in NY. MSRP 40K the lease payment came out to $375 with $1200 due at signing which included my first month, bank fee, and dmv fee. At first I wasn't sure about it but I called the broker and I got the car. I shopped around and I was getting $390-395... Actually really nice guy, found him on swapalease and he responded quickly to the emails and I was really shocked at the process.
  • iburrowsiburrows Posts: 8
    for march in my region (OH) money factor is .00087 on any MAXIMA S. You didn't get a "fairly good deal": you got an insane deal. your sale price is $500 below dealer holdback! well done, they must have been desperate! tip: look out for Nissan Lease Loyalty in Feb. or Aug. 3 years from now... nissan will waive your remaining payments, waive $500 wear and tear, and also give you an extra lease loyalty rebate (right now it's an extra $1,000)
  • Thanks for that info. I also emailed the same dealership and they quoted me a similar deal. So this is good to know that they are offering a comparabale deal. I had visited a couple more dealerships here in the greater Baltimore area and their Internet prices were only good on the Internet. When I visited them, their typical story was "oh that includes all rebates/incentives and not everyone qualifies for all rebates."

    So basically the price they showed online was about $2000 less than what they were actually selling the car for. I read Herb Gordon's reviews on dealer rater and emailed them. They actually surprised me and made an offer via email and it was very close to the internet price.

    Thanks again for the info, when I'm ready to buy I also plan to visit Herb Gordon.
This discussion has been closed.