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2013 and earlier Nissan Murano Lease Questions

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  • Hi whitall. Five years is the longest term that NMAC publishes residual values for. Its current 60-month residual for a 2009 Murano SL AWD is 35% for leases with 15,000 miles per year.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi daz499. I've seen the info that you're looking for, but this vehicle's lease program varies by term, mileage allowance, and trim level. You never mentioned what any of these variables are, so I'm going to have to make some assumptions. 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 2009 Nissan Murano S AWD with 15,000 miles per year are .00164 and 54%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • wnukwnuk Posts: 40
    Just got this quote from a dealer on an 09 Murano S AWD.
    MSRP: 30940
    Sale Price: 29000
    Rebates: 1250
    Trade Allowance: 7700 (06 Dodge Grand Caravan, 63K miles)
    Balance owed: 8357
    Taxes of $1253
    Fees: $178
    Down Payment: $1000 (out of pocket)
    1st month payment due at signing

    Dealer quoted money factor of .00164 and 16707 residual (same as car man quoted). His lease price for 39 months was quoted at $414.35

    When I run these exact numbers through the lease calculator here at edmunds it gives me a payment of $370.75. A difference of $43.60 monthly or $1700 over the 39 months. Any explination or is he giving me a marked up deal somewhere? How do you present this to the dealr in a "tactful" way.

    TIA
  • daz499daz499 Posts: 9
    Thanks Car_man,

    I'm actually looking for the rates of an 09 Murano SL AWD 39 month lease, 12k miles a year.

    Also you know how much total cash back is available? I know there is $750 but another dealer said Nissan came out with an additional $1250 over the weekend? This is for the northeast region, NY.
  • jayriderjayrider Posts: 3,250
    Take your calculator and numbers to the dealer and sit down with the rep and do the lease. Then you can see why the numbers don't match. Easy.
  • wnukwnuk Posts: 40
    Update: Went back to the dealer with my calculations. The salesman looked confused at first so I sat with the finance manager to review their quote and my calculations. Their initital offer was $1000 down, my trade and a payment of $414.35 (see my last post for specifics).

    After going over my numbers (finance manager offering no explination as to why they were different to begin with) he relented to $1000 down, my trade, and $377 per month. A difference of $37.35 per month or $1456.65 over the 39 month lease.

    This is a 2009 Murano S with convenience package.

    MSRP: $30940
    Selling Price: $19243 (This breaks down to $28493 selling price minus $8000 for trade minus $1250 in rebates.)
    Residual is $16708 and Money Factor is .00164

    Add back in the buyout on my trade ($8357, net loss of $357 on trade) and $1000 due at signing. Nissan is charging a $595 origination fee for the lease which is included in the lease payment. All taxes and fees are included in the $377 payment also.

    I did not commit to the deal yet but I think it is very good. I'm trying to decide between the Murano and a Traverse LT1. Two different vehicles, I know. Best lease deal on the Traverse so far is $443 with $1800 down for 39 months or $425 for 48 months.
    Hope this helps some of you. The value of doing the research and calculating the payment yourself is well worth the time to learn how to do.
  • jayriderjayrider Posts: 3,250
    Most everyone who knows leasing would tell you to take the 8k trade as a cash check from the dealer and put it in the bank. Use it to supplement your higher monthly payments. This way you have no equity in the lease should the vehicle be totaled. If not -- make sure you have gap insurance to cover what you put down. I think nissan includes it in their leases.
  • wnukwnuk Posts: 40
    jayrider-you may have misunderstood. I still have a loan balance on my trade of $8357. I couldn't do what you suggested, thought I fully understood what you were getting at.
  • jayriderjayrider Posts: 3,250
    Ok --- understood.
  • I signed a deal last night and didn't notice the dealer stuck in a $395 disposition fee. When I went back they were closed. I haven't picked up the murano yet. Can I get them to take it off before delivery?
    By the way my deal was:
    2009 Murano sl awd, leather premium, 360 package.
    List $36,100
    3k at signing, $399 per month 39 months tax incl in NJ
    deal wasn't as good as my 06 with the money factor being the difference. Best was .00164
    Thanks
  • kyfdxkyfdx Posts: 27,650
    Most leases now have disposition fees.. It is a requirement of the bank that writes the lease, and likely isn't a negotiable item with the dealer...

    Until you actually take delivery, you can always stop the deal.. But, you aren't likely to get that item changed.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Hi Car Man,

    I was curious. My credit score was 784 but when the dealer ran the money factor I saw he had me in a range of 700-739 with a money factor of .00164. he said the top two score levels got the same money factor. Don't they give a better credit score a lower money factor?
    Would I be able to do better than .00164 with a 784 credit score?
    Thanks
  • Can someone tell me if this is a decent deal in NYC.
    2009 Nissan Murano SL AWD 360 Package ( Lease )
    around $3,800 total out of pocket
    $409 a month
    39 month lease
    12k miles per yr.

    The dealer was charging an 800 destination charge fee, is this fee normal?
  • daz499daz499 Posts: 9
    My understanding is that disposition fee is charged only at the end of the lease if you don't get another vehicle from nissan, at least thats what the finance guy told me. I don't know how that works if you choose to buy the vehicle at lease end.
  • daz499daz499 Posts: 9
    The $800 destination fee is normal. When you price the car, its already included as part of the MSRP.

    What are the deatils of the deal? What was the MSRP and what was the selling price?

    Here's what i ended up getting. Murano Sl With the usual Packages. MSRP $35,925

    12k, 39months, $398 a month, $3300 total out of pocket. Now looking back, i could have done a little better on the monthly payment i think. Here's why. After looking over the lease i realized they capitalized the acquision fee so that adds a few dollars. In fact that changed the price of the car that we agreed on. This was our first lease so we learned a bit and next time will be more careful.

    Make sure they give you the full rebate amount, right now it should be $1250.
  • Received the following quote from a NJ dealership:

    $2999 down
    $319/mo + tax
    39mo/12k

    This seems to be in line with what I am seeing on this board. Any opinions?
  • jayriderjayrider Posts: 3,250
    395 zero down plus tax. You want to roll the 3k into the lease. Tax too if possible. Didn't post your numbers but folks have been getting that payment for a loaded sl awd so I think you can do better. Tell the dealer you want an sl with leather - 360 pack- roof for that money -- see what happens.
  • flightnurseflightnurse 35K feetPosts: 1,590
    regarding your lease, you should never put extra money down on them to just lower your payment, remember you are just renting the Murano. The only money you should put down is tax's and fee's.
  • jayriderjayrider Posts: 3,250
    flightnurse -- you busted my chops last year when I posted my lease deal with a bunch of money down. Rookie mistake -- see the light. The new meds help too. :)
  • I want to get them down to $2000 out of pocket, $319/mo + tax. They have only sent internet quotes, so we haven't started to haggle the Sale Price at this point. Their quote at least gives me a starting point. I will ask them to add in incentive dollars to reduce the $3k, and also to reduce the Sale Price which will help reduce the out of pocket to stay in line with the $319.
This discussion has been closed.