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2013 and earlier Nissan Murano Lease Questions

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  • zeus1zeus1 Posts: 5
    I'm needing the MF and Residual % for 2010 Murano SL AWD for 39 months and 15,000 miles per year
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I sure do, rdxer. 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 12,000 miles per year are .00221 and 52%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey jaxbuyer. Nissan Motor Acceptance Corp.'s March buy rate lease money factor and residual value for a 36 month lease of a 2010 Murano SL 2WD with 15,000 miles per year are .00221 and 53%, respectively for consumers who qualify for its top credit tier.

    You can always lease Nissans for either 36 or 39 months. Dealers don't exactly make any more money on 39 month leases than they do on 36, but 39 month terms will usually have a slightly lower payment than the 36 month term will because you get to spread out the large initial depreciation hit that new vehicles always experience out over three additional payments. Lower payments make it more likely that consumers will bite on deals.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi zeus1. Here's the information that you're looking for. Nissan Motor Acceptance Corp.'s March buy rate lease money factor and residual value for a 39 month lease of a 2010 Murano SL AWD with 15,000 miles per year are .00221 and 54%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_Man,

    Thank you for posting the March numbers. I am currently in negotiation with a dealer North of Boston for a lease of a 2010 Murano SL AWD with premium package. I am getting out of my 2006 Murano lease (maybe or may purchase) but I don't think I did a very good job my first time around. Can you please advise me of my current offer, I feel as I am being talked in a circle...

    Murano SL AWD, 15k miles, $2500 out of pocket, $397 after taxes $422 per month for 39 months. They are telling me the following for details:

    Cap cost - $32,422.81 then a $750 rebate making it $31,672
    Residual - 54% $17, 499.40
    Money Factor - .00221

    Invoice - $33,080, dealer holdback $926 = $32,154

    Any help you can offer would be much appreciated.

    Also, if you have any thoughts about buying my current Murano for $17,752.01. It is a SL AWD with 62k miles. Needs all four new tires which will run me about $750.

    Thank you!
  • jayriderjayrider Posts: 3,250
    If your tires are shot, they will charge you for new ones -- may wave it if you lease a new one. If you buy, you put the tires on anyway. How many miles are you over on your allotment? You will pay for that as well per mile. See your lease.
  • Hi jayrider,
    Yes, tires are dead. I was not clear in my original post. I have 52500 for my original lease then extended 6 months and have a total of 60k. Would end up paying $450 in miles.
  • Buy used tires for your lease turn in. Don't waste the $ on new tires.

    I just turned in a Murano. I had 1 bad tire. Went to a used tire place (that is also online) and bought oem with 5/32 (more than I needed) for $30 plus mounting.

    I went to: http://www.bestusedtires.com/. I search their prices on the internet and then drove to the place in Bethlehem PA. There are probably places near you that offer the same service.
  • igaboigabo Posts: 2
    I have seen a few purchase comments posted in here and figured its worth asking for any advice.
    We are considering the following offer:
    2010 Murano SL AWD
    Premium,Technology, Navigation.
    MSRP $39,800
    Sale Price: $35,200
    Out the Door total cost $37,000
    60 month purchase at 2.9%

    There is an additional 1250 rebate available however you loose the 2.9% financing and it jumps to 4.9% which works out to be be worth it.

    We have until the end of this month to turn in our current Murano. Should we hold out and wait for a better offer or move forward while they have what we want?
  • igaboigabo Posts: 2
    meant to say:

    There is an additional 1250 rebate available however you loose the 2.9% financing and it jumps to 4.9% which works out to NOT be be worth it.
  • clasysclasys Posts: 26
    edited March 2010
    Can somebody please confirm what looks like an odd residual spread between Murano S and LE in march?

    According to north-east lease special ad on nissanusa website, as seen 03/15:

    " 2010 Murano S AWD w/ Splash Guards & Mats model 23210 subject to availability to well qualified lessees through Nissan-Infiniti LT. $30,760 MSRP incl. destination charge. Net capitalized cost of $25,483 . Dealer contribution may affect actual price set by dealer. Monthly payments total $11,661.00 At lease end, purchase for $17,533.20 plus $150 purchase option fee (except KS & WI), plus tax, or pay excess wear and tear plus $0.15 per mile for mileage over 12000 miles per year. "

    S' Residual = 57% for 12,000 mi: lease end purchase price * 100 / MSRP

    From CAR_MANs posts:
    SL - 54% for 15,000 mi (55% for 12,000?)
    LE - 52% for 12,000 mi

    Can residual be that much different between trims on same model or are my calculations for S' just wrong? I though this is the legitimate way to calculate residual...

    Thanks in advance
  • I saw the print out of the money factor and residual value from a Nissan dealer here in Salt Lake and I was completely blown away when I saw the residual value of an S is much higher than an LE (Feb rate). Logically, a more well equipped car should have a higher residual value, but maybe not for a Murano. The last number I got for an LE (Ken Garff Nissan, Salt Lake):

    MSRP $39,165 (LE - no nav)
    12K per yr
    39 mo
    $3K down
    51% residual
    0.00221
    Lease = $ 505/mo plus tax

    Dealer said selling price = invoice (never told me exact price). Still too expensive, in my opinion.
  • clasysclasys Posts: 26
    edited March 2010
    Yes, it definitely is expensive for murano IMO, more like loaded RX350 payment. I am looking to replace my 2007 Murano SL AWD with Touring (37,5K), for which I'm paying $369/mo with 3K out of pocket; just got a letter from my local dealership about winter pull-ahead lease program, they claim to waive up to 6 payments. I was thinking about another SL with leather/premium/technology (36,2K MSRP), and I wouldn't even look at LE, but it appears now you can't get memory seats on SL, not even with Technology package. If you want memory seats you need to opt for LE. I find memory option very useful, but with numbers like that I might as well wait it out and lease something more appealing... Residual-, money factor- and option-wise. Sad though, NMAC will be loosing another customer and I do like Murano a lot.
  • steevosteevo Posts: 330
    It is normal for the higher trim models to have a lower residual. This is because when a car ages, the difference in price between a loaded model and a base model is not as great as when the cars were new. For example many cars charge say 1500 for dvd system... On a 3 or 4 year old used car that same system is almost worthless. How much extra would you pay for an LE over an SL if looking at a 4 year old used Murano with 50000 miles on it?
  • sgordensgorden Posts: 4
    My 39 month lease is coming to end. My murano has 28K miles on it - only drive it around town - mint condition. My lease payment is $421 a month. I put $3K down. the agreed upon value, tax acquisiton fee and maintenance contract totaled $36435. The option to purchase is 18783. Depreciation and amortized amounts 15525.

    this is my first leased car and I'm already uncomfortable thinking about what to do? Is $18,783 a fair price? I really do like it alot. However, I also am considering leasing a less expensive car - like the maxima. I don't want to put any more money down.

    Lastly - we experienced a really bad year (2 yrs ago) and our credit rating will be nowhere near what it was when I leased the car... how will that play into this? Any advice would be very appreciated. I've read these boards but am not understanding all the nuances of turning in a lease.
  • Hi everyone,

    I was looking to lease a 2010 AWD Murano SL/Nav for a long time. My current Murano lease finished in January, and I have extended the lease, ending up paying a higher monthly (due to tax increase). So my original payment was 389/m and for the extension I have been paying 424.
    I went today to the Dealer and put a deposit on the following deal:
    2010 AWD Murano SL / Nav, 12K/year, 39month lease.
    MSRP: $39,460
    Selling price: $34,979
    mf: .00221
    Residual: 55%
    ---
    No down payment, will have to pay taxes/first m/deposit/destination charge/- total of $2,200
    Monthly payment: $440.

    WHen I calculated the monthly with the above numbers it came to $465.53.
    Please tell me if this is a good deal? I gave a $1,000 deposit, and will have to go on Tuesday to pick up the car. Just want to make sure that everything is in order...
    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited March 2010
    Hi bostondriver2. The money factor that you were quoted looks good. It's right in line with NMAC's buy rate for this model. The selling price that the dealer is giving you looks good as well. Any time that you can lease a vehicle for less than dealer invoice minus the available incentives you're doing a good job.

    I am not familiar with the current market value for used Muranos, but you should be able to get a good idea of whether your vehicle's purchase option price is a good deal by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".

    If your vehicle's purchase price is less than or similar to its current value on the open market then you may want to consider buying it. If not, walk away.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • clueless_girlclueless_girl Posts: 18
    edited March 2010
    Carman could you please comment on my post? I negotiated from $465 a month to $440, but I just realized that I will have to pay the sales taxes (NY) on top of it :( So I'm pretty sad. Do you think it makes sense arguing with the dealer about the sales taxes (making sure I pay ONLY for destination charge/preparation fee and keep the payment at $440) or swallow it and pay the the sales tax upfront? Please let me know, since they called just now - the car is ready for me to pick up.
  • clueless_girlclueless_girl Posts: 18
    edited March 2010
    I just spoke to the dealer. the total fees were $3151 (taxes, destination, prep fee, title, doc fee what is that?!) he agreed to discount $300 off that. Please let me know if this is a good deal, or I should break it immediately?
  • jayriderjayrider Posts: 3,250
    They left the destination out of the price paid ? very clever --- that makes your deal $800 or so worse. Figure taxes at 2k add 800 -- there is a bank fee on top of that. Actually pretty decent -- if you need to grind off a few hundred more have at it but don't expect much more.
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