Howdy, Stranger!

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





2013 and earlier Nissan Maxima Lease Questions

1679111245

Comments

  • sagehensagehen Posts: 3
    Car man,
    You mention that the current 36 mo buy rate is .00016 is this for both 12k and 15K and what is the resid factor. Is the 24 mo lease a good deal right now?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sagehen. Money factors are the same, regardless of what mileage allowance you go with. NMAC's residual value for a 36 month lease of an '08 Maxima SE with 15,000 miles per year is 50%. If you were to lease with only 12,000 miles per year, the residual would be 1% higher. The 24 month money factor for this model is the same. A two year lease would obviously be shorter than a 3 year lease, but its monthly payment would be higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • dfridfri Posts: 5
    Looking to lease a 2008 Maxima. Not sure if I should get the SE and get it with leather and Bose stereo. or SL. Those are the 2 options that we really want. No money down, 36-39 months and 20-25,000 miles

    Was quoted $450 for an SE with leather, bose and power moonroof. Is this a good deal? And how do I know what a good buyout price is and price per mile if I go over 20,000?

    Thanks for any help.
  • orsakmorsakm Posts: 1
    I am currently attempting to negoatiate a lease on a new Maxima. The specific model I am negotiating is a 2008 MAXIMA SL Auto with: VDC, Moonroof, Platinum Edition, Navigation, Floor Mats. MSRP: $35,965

    Based on the Current 39-month/12,000 mile lease special, I am showing NMAC is offering a money factor of .0016 and a residual value of 50%.

    My question is, what would an appropriate money factor and residual value % be on a 24-month/12,000 mile lease?

    My guess is same money factor, but a residual near 70%?

    Thanks!
  • dfridfri Posts: 5
    I should have added that the MSRP is $32,625
  • I just got one hell of a deal from Exton Nissan here in PA.

    Loaded 08' Nissan Maxima SE MSRP 36,300 except the chrome wheel packgage.

    12k /39 months....... $365 a month( plus $35 a month 9% PA tax)= $400.00

    $500 out of pocket.

    I think because the 09' redesign is coming out there really trying to push the Maximas off the lots.

    I've done pretty well with car deals but this one is hands down my best yet.
    I was getting quotes for Civic Si's for $340 plus tax.
  • eagles2eagles2 Posts: 7
    Am I looking at his correctly the MF is .00016 and residual @ 36m 15k is 50?
  • Yes, I'm not sure about the money factor, but the residual is 50%.
  • bgates222bgates222 Posts: 38
    is it common for a dealer to not give you the money factor or residual when you ask for it? They actually told me that they done give out that information until you sit down with the bank manager. This seems odd as every other dealer I went into had no problem disclosing it. Also tells me not to Deal with that dealer.
  • dfridfri Posts: 5
    Is either the money factor or residual price negotiable?? And are they set by Nissan or the dealers? Thanks.
  • steevosteevo Posts: 332
    The Bank sets the base money factor and the residual. The dealer can mark up the money factor.
  • gator88gator88 Posts: 20
    Does anybody know what the money factor is for April on '08 SE? Have the residual values remained the same?
  • pjensonpjenson Posts: 3
    Nissan is currently offering a $269/month lease on a maxima with the equipment I want except for the leather interior. My question, will Nissan keep all the variables of the lease the same if I want to lease a maxima with leather. My calculations are that this would add about $1800 to the price and about $60-80/month.
  • gator88gator88 Posts: 20
    The money factor and residual value shouldn't change, just the MSRP and the capitalized cost. BTW, what are the details of the lease, any $ down, did they tell you the money factor and the residual value?
  • pjensonpjenson Posts: 3
    The details of the lease are as follows:
    MSRP:$29,215
    Net Capitalized Cost: $24,469
    Residual:$14,607.50
    Miles: 12,000
    Payment: $259/month
    Down Payment: $2999
  • gator88gator88 Posts: 20
    Does the net cap cost reflect the $2,999 down payment? Does the entire $2,999 go towards reducing the cap cost or are inception fees mixed in? It seems like a pretty high down payment for a lease. Is that your choice to lower the payment? Remember, Nissan is offering $2,500 rebate on this car that should be applied towards reducing the cap cost.
  • pjensonpjenson Posts: 3
    These lease details are coming from Nissan Motors website. Of the 2999 down, 2740 is for an actual down payment. Could the 2500 rebate being offered by Nissan also be used on the lease. I wouldn't think they would give you the lease deal and the rebate also.
  • madams2madams2 Posts: 8
    What is the current money factor and residual on a 2008 Maxima SL Sedan in NJ for 15K a year?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gator88. This car's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Nissan Maxima SE with 15,000 miles per year are .00016 and 50%, respectively. Then negotiating your lease on this car, make sure to take advantage of the $775 cash incentive that Nissan is providing on leases of it through NMAC.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, madams2. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Nissan Maxima SL with 15,000 miles per year are .00235 and 53%, respectively. Nissan is providing a lot more lease support than this on the Maxima SE right now. When negotiating your lease on this car, make sure to take the $775 cash incentive that Nissan is providing on leases of this car through NMAC into account.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • gjt1202gjt1202 Posts: 2
    Now that it is getting close for the 09's to be hitting the dealership lots, is anyone aware of good deals on the 08, or what the 08's are going for now. Looking for an SE with the Platinum Edition package as well as the Sensory package?
  • does anyone know what the terms are for the new '09 maxima models? mf, residual, for 12k, 36 mo. thanks.
  • kingpcgeekkingpcgeek Posts: 985
    Between dealer wanting to charge over sticker and the money factors it is not a good time to lease an 09 Maxima.

    2009 Nissan Maxima S – 7/8/08
    24 Month – Residual 70% of MSRP – .00250 Base Rate
    36 Month – Residual 59% of MSRP – .00250 Base Rate
    48 Month – Residual 48% of MSRP – .00270 Base Rate
    60 Month – Residual 41% of MSRP – .00270 Base Rate

    2009 Nissan Maxima SV – 7/8/08
    24 Month – Residual 66% of MSRP – .00250 Base Rate
    36 Month – Residual 56% of MSRP – .00250 Base Rate
    48 Month – Residual 45% of MSRP – .00270 Base Rate
    60 Month – Residual 38% of MSRP – .00270 Base Rate
  • WOW those terms do not look attractive at all. thank you for the information kingpcgeek!! i'm not even going to test drive it after seeing those figures. i don't understand someone willing to pay over sticker for a maxima, that seems weird given all the competition in this price range.
  • manu99manu99 Posts: 18
    I have an offer from the dealer on a 09 maxima sv
    invoice 32000.00
    5 year lease
    1500.00 down including first month pymnt, regist, tax and license
    12000 miles per year

    is this a good deal?

    please let me know

    thank you
  • ahossa1ahossa1 Posts: 51
    What's the monthly payment?
  • manu99manu99 Posts: 18
    sorry i forgot that

    it's 445.00 incl tax
  • ix007ix007 Posts: 23
    Are those numbers based on 15,000 miles/year or 12,000 miles/year. Do they bumped the residual 2% if you go down to 12,000/year??
  • ahossa1ahossa1 Posts: 51
    That means you will pay $26,700 in 5 years plus $1500 downpayment totaling $28,200. then you don't own the car. It doesn't sound like a deal at all.
    What about the $339 being advertised in the Olympics for 39 months?
  • manu99manu99 Posts: 18
    12000 miles
This discussion has been closed.