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2013 and earlier Nissan Murano Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,515
edited January 29 in Nissan
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Nissan Murano. Thanks.

Car_man
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  • Hi Carman. I got a deal on a lease, could you tell me if I get a fair price.
    Murano S AWD + Conv pack.
    MSRP $30600
    Selling $27168
    Monthly payment came out to $288 + Tax, 42 month, 12000
    The following I have to pay at inception:
    1st month payment, tax, $300 security deposit, $550 Bank Fee, O down
    I do not know how much is money factor but residual is %59
    Also could you tell me how much disposition fee should be.
    Does it make any difference that lease is not from Nissan Finance but from some independent company.
    Sorry is too many questions, thanks in advance.
  • Carman,

    I've received this quote from Nissan dealership in Brooklyn, NY. Pls let me know what you think about it. Murano 2005 SL AWD with Touring Package. 42 months, 0 down, 0 up-front, sign and drive $370+tax. One problem i am thinking about is the warranty periord. It's only for 36 months from Nissan. Does this mean i am screwed if it brakes after 36 months? This kills the deal. 36 months lease will be an extra $40 a month.

    Please let me know ASAP, since i am anxious to get it soon before they run out. OR do you think i should wait for 2006 models? I still have 3 months left on my acura 2003 TL, but i am afraid that the new 2006 lease won't be as good and will cost me about $60 more a month (as per dealer). Thanks!

    :confuse:
  • Carman,

    I've received this quote from Nissan dealership in Brooklyn, NY. Pls let me know what you think about it. Murano 2005 SL AWD with Touring Package. 42 months, 0 down, 0 up-front, sign and drive $370+tax, for 36 months it would be $410+tax. Howerver, i offered them $2K down and the payment for 36 months came down from $435 ($410 w/tax) to $379/tax incl. Do you think it's a great deal?

    When are the 2006 coming in? I want to wait until end of October before i get this car, but afraid they will sell out. THX!
  • Hi igork. The selling price that you were quoted for the Murano that you are interested in looks reasonable to me. You may want to stop by the following discussion to compare your selling price to the prices that others have paid for similar vehicles lately: "Nissan Murano: Prices Paid & Buying Experience". Using the prices that you provided in your post and Nissan's September lease program for this vehicle, I estimate that your 42 month, 12,000 miles per year zero down, pre-tax monthly payment for it should be around $276. I used a money factor of .00067 and a residual value of 55% to arrive at this payment. You mentioned that the lease that you were quoted is through an independent bank and not Nissan Motor Acceptance Corp. By leasing through an independent bank, you are able to take advantage of the $500 customer cash that Nissan is currently offering on the '05 Murano. This incentive is not compatible with leases through NMAC. Adding the $500 back into the cap cost for the NMAC lease that I just calculated, I now come up with a payment of around $288 per month which is what you were quoted.

    Car_man
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  • Hello ozzynyc. If you are interested leasing a vehicle that comes with a 3 year / 36,000 mile warranty for 42 months, then you will have to pay for anything that breaks on it out of your own pocket for the least six months of your lease. If you do not have any broken items properly repaired, you may end up having to pay a penalty for excess wear and tear on your vehicle when you return it.

    You never mentioned the selling price or MSRP of the truck that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the Murano that you are interested in for you if you let me know what these numbers are.

    It is difficult to say what the lease program will be like on the 2006 Murano when it arrives. I suspect that it will initially cost more to lease than the 2005 model does right now, but I doubt that it will cost $60 per month more.

    Car_man
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  • Thanks for the info Car_man!

    I've got some figures from the dealer. The invoice price for Murano SL AWD + Touring Package + destination is $32,345 (got that from edmunds.com). Dealer said that the money factor is 0.000131. The residual i was given is $20875 (weird that it had no %). So my payment will be $350 + NY tax = $379/month for 36 months with $2000 up front. Pls let me know if this is a good deal since the dealer mentioned that it's only a few hundred dollars above invoice.

    Ozz
  • Oh yeah....They also promissed to make one payment on my lease that is about to expire (another $400). I think it's too good to be true...
  • No problem Ozz. A few hundred dollars over invoice is a good price for a Nissan Murano. The lease money factor that you were quoted for this car is a little high though. NMAC's buy rate lease money factor for a 36 month lease of a 2005 Murano SL AWD is currently only .00095. I still can't give you my opinion on this deal though without you telling me this vehicle's full MSRP and selling price.

    Car_man
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  • Can you please give me the formula for computing a lease? Thank you. :confuse:
  • Kirstie_HKirstie_H Posts: 10,824
    Hi cdr226,
    You can find that info right here:
    The Return of "How to Calculate Monthly Lease Payments"

    kirstie_h
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    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
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  • Hi Car_Man,

    MSRP is $35,380. Dealer said the selling price is $32,500. He said no matter what the money factor we'll use, he won't sell this car for less than $350 a month (plus tax) with $2K down for 36 morhs. He got pretty pis*ed off when i called him the 4th time :), but so far that's the lowest anyone gave me by at least 60 dollars a months! Thanks!
  • Hello Everybody.

    Nissan has promotional for lease Nissan Murano 2005
    $1999 money down
    and Lease for 42 month

    for SL AWD + Touring package

    We were looking some dealerships and had plan to put $5000 total down

    We got month ago:
    Murano SL AWD

    Touring package,
    VDC package - very important for me personally
    Navigation package w/assistant camera(Versant Technology Edition)
    Chrome Wheels
    Carpeted Floor Mats
    Splash Guards
    Sunroof Wind Deflector
    Roof Rack Crossbars
    Cargo Area Protector

    MSRP price was $40.340

    We got with $5320-including 1 month payment for $320 month tax included for 15000 miles/year
    In my understanding this best deal what I could get from MA dealers
  • Can someone please post the Sept MF & Residuals for the Murano SL and SE. I am mostly interested in the MF & Residuals on 24-month leases. Thanks!
  • Thanks for the additional information ozzynyc. OK, according to my calculations if you were to lease a 2005 Murano SL AWD with an MSRP $35,380 and a selling price of $32,500 through NMAC right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $403.

    Car_man
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  • Here's the information that you are looking for, jzcarr25. If you were to lease a 2005 Nissan Murano SL AWD through Nissan Motor Acceptance Corp. right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00119 and 64%, respectively. The numbers for an otherwise identical lease of a 2005 Murano SE AWD should be .00119 and 63%.

    Car_man
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  • I just leased a 2005 Murano SL AWD with a selling price of $33,200 (It has touring package, a few miscellaneous add ons and XM satellite radio) for 42 months with 12,000 miles per year, zero down for $416/month including taxes. I looked at the lease calculator and it seems like I did ok. Just not sure about the "money factor" figure. How do you think i did as far as the monthly lease payment goes?

    LindaW
  • You're very welcome jzcarr25. Let me know if you have any other questions.

    Car_man
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  • Hi LindaW. I would be happy to give you my opinion on this lease, but in order for me to do so it would be a big help if you were able to provide me with your Murano's full MSRP. Let me know and I'll tell you what I think.

    Car_man
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  • Hi Car_man,

    A local dealer (SF Bay Area) is quoting me invoice price for a 05 Murano (one of the last ones on their lot). Here are the options on the car:

    MSRP Invoice
    SE FWD $29,600 $27,220
    SE Touring Package $4,250 $3,687
    Chrome Wheel Package $1,200 $878
    Dynamic Control Package $750 $651
    Roof Rail Crossbars $190 $146
    Splash Guards (set of 4) $110 $82
    Carpeted Floor Mats $90 $68
    Dest charge $580 $580
    =================================
    Total $36770 $33312

    With all the above features and cap cost still at invoice, sounds like a sweet deal.

    For a 36 mo /12000 miles lease, what residual should I assume for this? And what would be the current NMAC money factor? Lastly, what would the monthly payment come to with the numbers for given residual and MF? (assume no money down for simplicity)

    Thanks,
    KV
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