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2013 and earlier Nissan Pathfinder Lease Questions

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  • gurbangurban Posts: 2
    My lease is up on my 2003 pathfinder, I am interested in leasing a 2006. I recently got quoted a lease price of $358.00 a month, for 39 months with $1474.00 down(se,4wd, avalanche white). This seems a little high to me. If anybody has any advice or info I would greatly appreciate it. I am in the northern new jersey area.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, stetsonhatter. If you were to lease a 2006 Nissan Pathfinder SE 2WD through Nissan Motor Acceptance Corp right now for 39 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00086 and 55%, respectively. 39 months is the most attractive term for this truck right now. I don't believe that NMAC leases Nissans with less than 12,000 miles per year. The numbers for an otherwise identical lease of a 2006 Pathfinder S 2WD should be .00086 and 57%. At lease signing you will be required to pay your first month's lease payment, a security deposit equivalent to that payment rounded up to the nearest $25 or $50 increment, NMAC's $550 acquisition fee, and any required state taxes or fees.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi eschule. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may be able to find out by visiting the following discussion: "Real-World Trade-In Values".

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings mkftx. 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 give you my opinion on this deal if you let me know what these numbers are.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi srbarnes4ever. Congratulations on your interesting assignment. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.

    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth 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". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now.

    Your best bet would be to find someone who is willing to assume your lease. The Swap-A-Lease site that you mentioned is a good place to look for consumers who might be willing to assume your truck. The problem is that unless you got an incredible deal on it, consumers might now be willing to assume your lease when they could lease a brand new truck for a similar payment. Lessees often find that it is necessary to sweeten their deals by offering the individual who take their lease over money to do so.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gurban. You never mentioned the selling price or MSRP of the Pathfinder 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 on this deal if you let me know what these numbers are.

    Car_man
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  • gurbangurban Posts: 2
    The only information I was given was the MSRP(sticker price) which was $31,500. I was unaware that a price can be negotiated. I an totally confused in this situation, please help!
  • Hey there,
    Can you tell me if I should negotiate a price first prior to agreeing on a lease number? I have always just settled for the lease price per month....I am doing this all wrong? thanks dave
  • drew5580drew5580 Posts: 1
    I am looking to lease a 2006 pathfinder se 4x4 with premium package, leather seats, sunroof deflector and carpeted mats with an MSRP of $34,265.00. I want either a 36 or 39 month lease ( 15k miles/year) looking to put down $3000. If anyone could tell me what i should be looking for as a good monthly payment it would be appreciated greatly, thanks in advance...
  • rmlinnrmlinn Posts: 21
    I am looking at a Pathfinder LE for 36 months/12K per year. MSRP is 33500 plus 605 dest charge. There is currently 500 customer cash. Invoice is 30982 so I am shooting for a selling price of 31500 inclusive of the dest charge and customer cash. I am in south Florida. Can you give me the money factor/residual on this vehicle and target for no money down lease? Thanks
  • After extensive Internet shopping, i'm getting quoted a really good internet price from a Nissan dealer. for a 06 Pathfinder LE + splash guards & body side molding & $605 destination minus $500 manufacturer's rebate for $31,695. the MSRP is $37,985 and the Invoice cost is $33,421.

    1) can i still negotiate down from that internet price

    2) i want to lease
    a) what is this buy rate lease money factor and residual value and do i find this out?

    b) are there any benefits to no money down or a low down payment? do you just end up balancing it out with higher monthly payments?

    c) are there any benefits to the different length leases? with Nissan's great maintenance scores, one would think one could have the car 60 months with no real maintenance problems.

    d) what other costs can i expect at lease time other than what's listed on the Nissan website
    i.e. $400 security deposit
    First Monthly Payment
    $550 Acquisition fee-what is this?
    Down payment

    advice would be greatly appreciated.
  • rmlinnrmlinn Posts: 21
    great price below invoice - where are you located? MSRP seems higher than that quoted on Edmunds though - I'll need to recheck my numbers.
  • shavhshavh Posts: 12
    Went today and received the following information:

    LE Purchase Price: 32,798
    To Lease: $479 per mth for 39 mths. 1st payment down + DMV Fees
    Residual $19,368 (.53)
    Money Factor: .00086

    SE with Leather Package and DVD:
    Lease: $419 per mth for 39mths
    Residual: .55
    Money Factor: .00086

    Any thoughts as to how i can get the $$ down for the LE. I know my husband wants the LE.
  • shavhshavh Posts: 12
    Update:

    LE Lease price dropped to 445.
  • rmlinnrmlinn Posts: 21
    I have Pathfinder MF/residuals for May for 36 months but have been adviused by the salesman that their "best deal" is on a 39 month lease. Anybody have info on this? I'm a little wary because the Pathfinder only has a 36 month warranty.
  • marck168marck168 Posts: 8
    Just went to a dealer today. Test drove a SE with Comfort&Premium package.

    Got a standard 36month lease offer

    $339/month with $1999 down at signing. I think this is the special lease offer posted on the Nissanusa.com. (now I can't find it there anymore).

    They gave me a very good trade-in price for my old Maxima at $3400. Also I am eligible for the $500 new graduate bonus on top of that. The trade in cash should be able to cover all the money down plus tax, lic, fees, etc (about $1500). So I don't put any money upfront.

    Could anyone help me calculate my monthly payment with all these trade-in and bonus?? thanks!!!!!!

    The dealer also offered some freebies like free service loaner and free oil changes.
  • shavhshavh Posts: 12
    This is NOT a good deal. You SHOULD NOT use your Maxima as a trade in. It is like putting down $3400 in cash. If you drive off the lot in your new car and total your car - it is like throwing the $3400 away.

    I would recommend selling your car - putting the cash in the bank and using $100 a mth to put towards your car payment.

    The payments with $0 down and your $500 rebate including tax should come to about $415 per mth.

    I got a deal in NY for the top of the line SE with leather and comfort and premium package for $409 per mth. That included tax and my 1st mths payment.

    By the way a 39 mth deal works out better.
  • marck168marck168 Posts: 8
    My Maxima has some body damage on it, so I guest I can only sell it privately for about $3500 maximum. Their high trade-in price made me quite thrilled.

    to Shavh
    So did you put anymony down for your $409/m deal??

    thanks
  • shavhshavh Posts: 12
    Hi Marchk168,

    I ended up changing my mind at the last minute and leased the Mercury Mountaineer Premium.

    We leased Pathfinders for 9 years (3 different cars) and after seeing the mountaineer and loving it we decided a change was needed.

    They told me at Pathfinder they would do it for the $409 no money down - just DMV fees.

    I was willing to walk away from the deal if they wanted me to make the 1st payment. I would say that you could get it for $409 with the 1st payment - it was a tough negotiation without the 1st payment.

    Good Luck to you - let me know if you have any ????'s.
  • marck168marck168 Posts: 8
    Hi, shavh

    Thanks for all the infos. This is my first time to lease a car. So I don't have a lot ideas about payment calculation and neogtiate the price.

    so far the number I got for SE 4WD with comfort&premium package, 39month 12k/year lease

    0.0005 money factor
    0.53% residual

    but the final price $1000 over invoice, which deal claims the promotion price and cash back is not for lease.

    So right now, I am playing with all 3 nissan dealers in my area to see the best offer. I don't really have any experience working with the dealers, it is quite painful. I will post my final numbers when I cut the deal.

    Regards,
This discussion has been closed.