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2013 and earlier Nissan Murano Lease Questions

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  • Hi cocolo2k. Nissan is still running a special lease program on the Murano in December. While it does have a special $500 cash incentive for recent or soon-to-be graduates on the 2006/2007 Sentra, Frontier, Altima, Versa, and Xterra, unfortunately this offer is not available on the Murano.

    I personally am a big fan of leasing. While the cheapest way to drive a vehicle is to purchase a used one with cash and then drive it into the ground (assuming that you don't run into any major repair bills), if you like to drive a new vehicle every couple of years leasing is not that much difference than financing. Lease payments are composed of two basic elements, the depreciation portion and the interest portion. If you finance a new vehicle, you are still going to have to pay interest and depreciation, when financing though you will not realize the depreciation hit until you go to sell rather than monthly with a lease. There's not as big a difference between leasing and financing as one might initially think.

    Car_man
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  • ronaldc,

    Do you mind sharing the name of the dealerships you received the two quotes from? I am very interested in the Murano and it appears I can save almost $3,000 by leasing a Murano in Massachusetts right now. It may be worth the one way air fare.

    Thanks!
  • Hi tmnjmax. Nissan is still providing very attractive money factors for 39 month leases of 2006 Muranos in November.

    Car_man
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  • Here you go, Matt. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2006 Nissan Murano SL AWD with 15,000 miles per year are .00039 and 50%, respectively. Don't bother with its 36 month lease program, it is not nearly as attractive as the 39 month program.

    Car_man
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  • Hi ronaldc. I personally would never lease a vehicle without knowing exactly what its selling price is. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing this truck's selling price, you don't know how much of a discount you are being given on it or if there might be more room to negotiate. This late in the model year, I suspect that Nissan dealers will sell Muranos at pretty close to dealer invoice, at least in areas where there is a decent level of competition. Find out what this vehicle's selling price is and then stop by the following discussion to compare it to the prices that other community members have paid for similar models lately: "Nissan Murano: Prices Paid & Buying Experience".

    Car_man
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  • Hello mapleriver. Nissan's special lease program on the 2006 Murano is currently scheduled to run through November 30th. It is difficult to say what its December lease program for this model will be like. At some point, Nissan is going to pull the plug on its lease support on leftover models and just provide straight dealer cash on them. A number of manufacturers have already done so. The question is whether this will happen next month or in January. It is difficult to say.

    As far as this deal goes, you never mentioned the selling price or MSRP of the Murano 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 give you my opinion of this deal if you let me know what these numbers are.

    Car_man
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  • Hi mediaguy2. The dealer invoice price of this truck is probably around $34,500 or so. The price that you were quoted is pretty close to this, which means that it is a pretty good deal. I don't think that you are going to negotiate a much larger discount than this, but you can always stop by the following discussion to see how much other community members have paid for similar models: "Nissan Murano: Prices Paid & Buying Experience". Using the prices that you mentioned in your post, an MSRP of $38,085 and a selling price of $35,789, I estimate that a 39 month lease of a 2006 Murano SL AWD with 12,000 miles per year would have a zero down, pre-tax monthly payment of around $442.

    Car_man
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  • Sorry for the delay, I was out of town. Try these:

    1. Clay Nissan, Newton, MA
    2. Quirk Nissan, Braintree, MA
    3. Coastal Nissan, Norwell, MA

    You can check inventories from Nissan web site. Good luck.
  • car man tell me what u think 12,000 miles
    07 murano sl AWD MSRP: 38660 selling price 35800 money factor: .00145 @ 53% monthly payment of 459 @39 months with taxes,bank,dealer fees upfront 2490+150dmvs
    this is with a touring pkg & navigation pkg
    what do you guys think? please let me know asap

    he said 15000 miles would be $11 more.
  • waydewayde Posts: 198
    Hi Carman -
    What are the money factors on the 2007 Muranos? I see everyone is talking about the 06s, but there aren't any in my area.
    Do you think the 07 leases will get support in December?
    Thanks!
  • Hello all,
    I am new to leasing, so, I just left a dealership after getting the following figures, if someone could tell me whether this is a good deal, I would really appreciate it:
    2006 Murano SL AWD 2006 fully loaded model with everything except navigation or the dvd package for a price of $33855 (MSRP $37275).
    The lease is 39 mo, 12,000 mi/yr with .00039 money factor and 51% residual value. Nothing down at $471 a month with all taxes (7%) and fees included as well as the first and last lease payment.

    Should I go for it, or should I wait till after Christmas when they are high and dry on buyers and get an even better deal?

    Thank you.
  • terry92270terry92270 Posts: 1,247
    Simple read back in this thread about three pages then forward. Several examples of good deals posted by Carman.... ;)
  • I read over them, and I am still kind of lost on it. It's so simple with a loan, and it's just way too complicated with the lease. :confuse: The dealer also gave me the option of giving $3000 up front and paying $378 per month. With the other option I would pay nothing at all at the signing, but my payment would be $471 a month for 39 months. Car man, could you please share your opinion on this one? Thank you.
  • Using the figures you posted, the monthly payment appears correct. The price you were quoted is near invoice for this vehicle and is better than most other prices posted on this site. I would also take the advice of Car man and not put any money down. Also, you could wait, but the supply of 2006's are getting scarce and this particular vehicle might not be available in the near future. Good Luck.
  • Thank you for the response. I figure that I can get either the payment down or get more for my trade-in car. Carsdirect does offer $550 below the invoice on these cars. So, these guys should be able to budge a bit more for me. Why should I put no money down, this would mean that the lease would cost me more if I do put money down? :confuse:
  • terry92270terry92270 Posts: 1,247
    You can make more on that money in a savings account or invested, rather than paying ahead, is why.
  • See Car Man's posted response #218 for a explanation of why it is not advised to put any money down on a lease.
  • terry92270terry92270 Posts: 1,247
    Reposted for the ease of newbies... ;)

    #218 Re: Nissan Murano [salty600x] by Car_man HOST Aug 03, 2006 (2:34 am)
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    Replying to: salty600x (Jul 20, 2006 11:31 am)


    Hi salty600x. Consumers are free to lease any vehicle they want without making any sort of capitalized cost reduction. Of course, your monthly payment will be higher for a zero down lease than it would be for one that you made a down payment on. Still it is in your best interest as a consumer not to put money down when leasing. I say this because if your leased vehicle is totaled in an accident or stolen and never recovered your down payment essentially disappears. At lease signing all you need to pay are your vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, NMAC's $550 acquisition fee, and any required state taxes or fees. If you want to cut down even further on the amount due at signing, NMAC will waive its security deposit requirement in exchange for an increase of .00015 in your vehicle's money factor and you can roll the acquisition fee into your vehicle's capitalized cost.
    Car_man
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  • 2007 Murano SL 2WD w/Touring Pkg. w/SIRIUS and Floor Mats:
    MSRP $35,090-Dealer Options=$695.00=Total$35,785.00
    I traded a 97 Mountaineer and was given $3,000.00
    39 mos.-12,000 miles
    Cap Cost= $32872.48
    Residual=$18597.70
    dwn pymt=$500.00
    Monthly=$385.98

    I thought this was a decent deal!Replys welcomed!
  • Does that include taxes and tags?
This discussion has been closed.