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2013 and earlier Nissan Murano Lease Questions

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  • skoobydoo12skoobydoo12 Posts: 3
    edited April 2010
    Hello everyone,

    I have a 2007 AWD SL Nissan Murano (silver) with touring package (sunroof, bose, etc) and only 25k miles on it. I got it from Tom Wood Nissan in Indianapolis. My lease is up in March of 2011, and even though its a year away, at this point now I feel like I want to buy it.

    I think the worth of the car will still be more than the residual (about $17,000).

    It's in good condition. I got rear-ended about a year ago, but other than that I've kept very good care of the car.

    Do you guys and gals think in march 2011 a 2007 murano will be worth more than $17,000?

    Does nissan negotiate buyouts? If not, will they set up a payment plan or do I have to go to a bank or credit union and get a car loan to send a check in?

    Thanks for any help.
  • jayriderjayrider Posts: 3,291
    Nissan won't negotiate buyouts. Most dealers give it back to nissan and then buy it back for less than the residual. Hard to predict what exactly your murano will be worth wholesale in 2011. If you buy you pay cash or go through a lender on a loan.
  • skoobydoo12skoobydoo12 Posts: 3
    edited April 2010
    Thanks for the response.

    I read some of this thread and some of the buyouts were $18,000 - $19,000.

    But every case is different since my lease isn't up until next March and it's $17,000.

    I can't raise that kind of cash right now so I'll have to go through my credit union for a low interest(hopefully, I have great credit) loan.

    I hope it'll be worth it. I really like the vehicle and don't want to give it up. But I don't want to overpay for anything(residual plus loan interest).

    I do have about $3,000 saved up so I won't have to get a loan for the whole amount.

    This is the first vehicle i've ever had so I don't want to give it up but I don't want to get ripped off either.
  • jayriderjayrider Posts: 3,291
    If you can buy your murano for 17-18k that is an excellent price. You like it and you know where it's been so why not.
  • kmc75kmc75 Posts: 1
    hi! curious to know opinions on a future decision i am about to make...is $450 p/m(includes taxes) reasonable to lease a 2010 MURANO SL AWD for 39mo allowing 15k per yr. has premium +360 package. 1200 down with first paymnt +fees
    please any comments help thank u!!!!
  • thepostmanthepostman Posts: 49
    Which state are you located in, because I can't seem to find any Murano with the 360 pkg. I am in Texas and I have called several dealers and they act like they don't know what I'm talking about.
  • whitestar16whitestar16 Posts: 53
    There is no 360 package for the 2010 model year.
  • thepostmanthepostman Posts: 49
    It is showing on Nissan's website. 2010 Murano w/ 360 pkg.
  • whitestar16whitestar16 Posts: 53
    Its not an option for the 2010 model year Murano ( unless its changed in April). Go to a dealer and try and ask for it or find one on a vehicle. see what happens. Not an option for 2010 model year.
  • whitestar16whitestar16 Posts: 53
    OK. I started searching dealer inventories and you are right. You can now get the 360 package on the 2010s. So you are right and I was wrong. One other thing I noticed- they raised the MSRPs on vehicles!
  • jayriderjayrider Posts: 3,291
    Nissan has been bumping the msrp's on the murano constantly since my 3/09 build. They will keep on raising them as long as folks keep buying. I figure by the time my 09 is ready for lease return in 10/11 the msrp will have been raised 4k+ for essentially the same car.
  • dohmaidohmai Posts: 8
    My lease on my 07 Murano SL was coming up in June and I decided to buy the car after making my last payment since I've only put 30000 (out of 39000) miles on it and I've kept it in great condition. My Residual was about 18500 and running my car's info through Edmunds TMV, I figured it was a good deal to keep the car.

    Anyway, I took it to a local dealer (not the dealer I originally leased from) and told them I wanted to buy the car in cash with no financing. They sat me down in a room for some time as they waited to contact NMAC and run a 'safety inspection' on my car. All standard stuff I expected.

    Some time later they came back and gave me a figure higher than my residual (thankfully I had called NMAC and got this number, or else I suspect they may have tried to claim it higher!) but onto my residual price they added on another $650, all before my state sales tax and document preparation fees.

    When I asked what the $650 was all about, they swore to me that it was something 'they' (NMAC) forced them to add, and included the cost of doing the safety inspection. I was frustrated that an inspection that fixed nothing and would tell me my car was fine cost $650, but they insisted it was 'non-negotiable' after I explained that I had done all my service at their dealership and wanted some kind of break on the service fees.

    In the end (after almost 2 hours) I finally went in to sign my paperwork. After the $650 fee and my taxes, a preparation fee of $50, a title transfer fee to the state of $25 and some Smog exemption fee of $10, the total I had to cut them a check for was about $21000. Clearly the taxes suck, but are unavoidable.

    On my way out with my 'new' car, I stopped by the service department to see if I could apply the $650 I 'spent' there to my account (they have a frequent buyer type program) and they were confused because the inspection fee cost $0. They showed me the receipt, which listed it as $150, but then deducted that down to $0.

    I went back to the finance guy angry and showed him the receipt. He then stated that the $150 was paid for out of the $650 I paid them (he says the 'sales side' paid the service side $150 for me first), and the other $500 was for various 'fees and charges and paperwork and for fronting the money' to NMAC (not sure what that means since I gave them a check for the total amount..).

    Seeing as I had already given him my check and signed all the paperwork, I didn't know what else I could do. He gave me some nominal service credit since he was sorry he 'didn't explain it' well, but I still feel ripped off.

    When I got home I checked my original lease contract and there was a purchase option fee written into it, but it was only $150 (again, from another dealership). I would have taken it back to the original dealership except they went out of business..

    My questions are then:

    1. Does the buyer usually have to pay for this 'safety inspection' and the $150 really was part of the $650 fee I was charged, or is that something that is usually waived entirely? I don't mind paying for an inspection fee if it's something that has to be done (even though they were not clear how they were 'charging' me for it).

    2. Is a lease end fee of $650 reasonable or incredibly high? I feel like I got ripped off because he seemed so shady about explaining things to me, but if it's a normal fee, then it is what it is.

    3. If that fee is really high, is there anything I can still do? I figure it's very slim, but I know dealers rely heavily on reviews and surveys Nissan sends out, so maybe I can use that as some kind of leverage to get more service credit I get?

    I know ultimately this is my fault because I went in without having good preparation on what fees to expect, so in that sense I'm willing to chalk it up to an expensive lesson learned, but still... it doesn't feel great.

    Thank you very much for reading and suggestions.. much appreciated!
  • whitestar16whitestar16 Posts: 53
    Your lease was a lease contract and the residual clause is an important part of that contract. By paying above the residual amount your lease became more expensive. The only question I have is whether or not the process violated the terms of the lease. A financial lease allows Nissan and the former dealership certain financial advantages that they took. In order to qualify as a financial lease the ability to buy at a fair price-designated as the residual is required, as the other parameters that qualify a vehicle as a financial lease do not apply here.

    There may or may not have been a lease contract violation here. hard to tell.
  • spunky28spunky28 Posts: 1
    Does anyone know the May residual value and money factor for a Nissan Murano LE AWD?
  • dohmaidohmai Posts: 8
    My original lease papers clearly states that I have to pay a purchase option fee of $150... but like I said, I ended up buying my car at a different dealership than the one I originally leased from.

    Does the second dealership still need to honor that $150 price, even though it was something figured out at the first dealership?

    Honestly looking at my lease contract the $150 looks written directly onto the contract (not typed in by dealer) so I'm wondering if that's just a NMAC fee.

    Are there any next steps I can take? If I contact NMAC, will they be able to help/clarify? I'm guessing now that they have their money for my car, they couldn't care less though...
  • That's what I think i'm going to do.

    I just hope it's still a good buy in March 2011.
  • nunnjanunnja Posts: 1
    I would call NMAC... there should be a number on you lease contract and you should have been contacted by NMAC who would offer you the purchase option.

    Your best chance is to get NMAC to verify if they forced your dealer to charge you extra, my guess is no. Then go to your dealer and insist on speaking with the GM. If they want your future service business the they should make it right.

    Good luck!
  • whitestar16whitestar16 Posts: 53
    I agree with the above poster. The lease is with Nissan's financing department, not the new dealer. My guess is that the car salespeople were convinced you wanted the car, and acted accordingly ( basically taking your money). You could have driven away. At no time was it their car, that's for sure. They did not purchase the car nor did they have ownership of the car. Its important to know who a contract is with at all times - it was never dealer number 2, as they had no role in originating the lease.

    That being said, its your car now, and you know where its been as well. With a used Murano, that's a very important thing. You have a low mileage well maintained vehicle. It cost you at most $2500 more than it should have. In the long run, probably not too bad a hit and a key lesson.

    As far as what you can do - I am not sure. I would absolutely ask Nissan. If dealer number 2 did not call NMAC at all, then they have committed fraud. And if they didn't have to tack on mandated fee of $650 but told you this, that is also fraud as well. If you are really pissed, just file in small claims court and make them show up and give testimony under oath. ( be prepared to do the same).
  • thepostmanthepostman Posts: 49
    Does anyone know the lease rates and residual for May on 2010 Murano SL. Anything special happening for Memorial Day.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, spunky28. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2010 Murano LE AWD with 15,000 miles per year are .00197 and 50%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings postman. NMAC's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Murano SL AWD with 15,000 miles per year are .00197 and 54%, respectively.

    I have not seen any special enhancements to Nissan's programs for Memorial Day yet, but it is entirely possible that it will do something later on this week.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I live in Queens-NY. and looking for leasing 2010 Murano SL with 360 Value Pkg (MSRP: $37150).
    39 Months
    12,000 Miles
    ALL included (tax+tag+bank+anyFee)
    Due at signing: First+DMV

    Is $399/month reasonable? I would love to hear other thoughts! Thanks :lemon:
  • You can do better on that deal based on the MSRP. I am in the NY area as well. Based on that MSRP, you can try to negotiate for $360/month for 12k a year , 39 months. You will have to pay first months payment, upfront sales tax, acquisition fee of $595 plus tax, tire fee, registration fees. Expect to pay at contract signing about $3,200.00 to get that payment. Also, termination fee at end of lease is about $150 now as well. Dont take any of the insurance they try to sell you in the finance office (credit, disability,etc) unless you really need it. Also, make sure before you pay the deposit they give you in writing the VIN number and stock number of the vehicle you want. Other than that, once they locate the car from their stock or another dealers stock you are fine. Check your credit to make sure you get top tier credit and the best deal you can get cause once they check your credit you will be quoted based on that. Hope that helps.
  • jakefl7jakefl7 Posts: 14
    I just traded in my 2009 Murano for a 2010 Lexus RX350. I was tired of dealing with all the problems with my Murano and the terrible service. If you are in the market for a Murano you really need to consider the Lexus RX350. Lexus quality is far superior and the service is out of this world. Do yourself a favor and check out the RX350. You will not regret it and you can thank me later.
  • Was your Lexus part of the engine spring recall? I think it affected 70,000 vehicles or more. Lexus engines dropping all over the place.
  • lousax357lousax357 Posts: 3
    I don't know who can help we with this question so here it goes. I am going too be
    leasing a new nissan in several months. Does any one know how i could get the spreadsheet that allows you to calculate a lease payment. And what are all the figures that i will need.
    Thanks very much
    Lou
    You can e-mail me @ lousax357@verizon.net
  • simonbesimonbe Posts: 1
    Hi everyone!
    What is the residual value and money factor on 2010 Murano SL AWD (3.5L, 6cyl) with navigation, leather, technology and primium packages on 39 month lease with 12K miles per year?
    I got an offer of $487 a month with $0 down and taxes included in payments.

    Is it a good deal? Thanks!
  • jayriderjayrider Posts: 3,291
    Leasing beyond the 36 month warranty makes little sense. You will be responsible for repairs and reconditioning the vehicle for the next owner. Roll the dice or buy the car.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, simonbe.

    Nissan Motor Acceptance Corp.'s July buy rate lease money factor and residual value for a 36 month lease of a 2010 Murano SL AWD with 12,000 miles per year are .00147 and 52%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Are you saying that the only lease available right now is 36 months, not 39 months for a 2010 Murano SL AWD? I thought the current lease rate was 39 months if you lease for 12k a year. And the residual is 52% for the SL trim line? I was told it was 50% from some dealers for this trim line.

    Will the deals get better in August since we are getting closer to the end of the model year for the Murano? What about the residual and MF? When is the best time to lease as the summer winds down? My lease is up at the end of the summer.

    Any info would be helpful!

    Thanks CarMan!
This discussion has been closed.