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Nissan Titan Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go nutdotnet. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2006 Nissan titan King Cab SE 4WD with 15,000 miles per year are .00026 and 45%, respectively.

    Car_man
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  • Car_Man, thanks for the above info. Do these figures hold up for all Titans or just the King Cab. Looks like there offering a pretty low lease rate - hope it holds up for other trims as well. Also, are you aware of any cash rebates that can be used in conjunction with a lease. Thanks again.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome, jamesbbeam. Those numbers are just for King Cab models. The Crew Cab's numbers are pretty close to the King Cab's though. If you tell me exactly which model you are interested in I would be happy to tell you what its lease program is like right now. Nissan is not providing any lease cash on the Titan right now, but several models including the Titan are eligible for the "Bottom Line Sales Event" dealer stairstep program through which they can earn up to $600 dealer cash per vehicle sold. Most dealers won't hit the $600 level, but probably more around the $300 level. This isn't going to make a big difference, but one should keep it in mind when negotiating.

    Car_man
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  • Mr Daniels, thanks for the reply. Could you provide me the Money Factors and residuals for Titan's and Frontier's. Only looking for 4WD, Crew Cab, LE or SE. Also, 12k Miles. I'm in Portland, OR. I'm trying to decide between the two, looking for the best residual/money factor. Thanks again.
  • No problem, jamesbbeam. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2006 Frontier Crew Cab LE 4WD with 12,000 miles per year are .00132 and 56%, respectively. The numbers for an otherwise identical lease of an '06 Frontier SE 4WD are .00132 and 58%, respectively.

    Nissan's 39 month lease program for the 2006 Titan is more attractive than its 36 month program. NMAC's current buy rate lease money factor and residual value for a 39 month lease of a 2006 Titan Crew Cab LE 4WD with 12,000 miles per year are .00058 and 47%, respectively. The numbers for an otherwise identical lease of an '06 Titan SE 4WD are exactly the same.

    Car_man
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  • Hello Car-Man,

    Need some help. Looking at leasing a Titan. I need to know what is Nissan's best lease deal right now. The two trucks I am looking at are a LE MSRP 44,625 or an SE MSRP 38,805. I do not have what my bottom line price will be at this time but would still like the money factors and residual value numbers. Thanks.

    Jim
  • Hello Car Man,

    Left a message for you here in the Titan forum. Looking for some help on leaseing a Titan. Thanks.

    Jim
  • Car-man,

    Please see my post on March 19th. I would like to find a truck soon. Please let me know the money factors & residual values for the Titans above. Will Nissan alow me to apply the rebate as a down payment on the lease? Some help would be great. Thanks.

    Jim
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello Jim. Nissan Motor Acceptance Corp.'s lease program for the Titan varies by term and mileage allowance. It looks like 36 months is currently the most attractive term for this truck right now, so I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. NMAC's current 39 month, 15,000 mile per year buy rate lease money factor and residual value for the 2007 Titan King Cab LE 4WD are .00084 and 46%, respectively. The numbers for an otherwise identical lease of a Titan King Cab SE 4WD are .00084 and 45%.

    As far as these trucks selling prices go, I am not personally all that familiar with what the market is like for the 2007 Titan right now, but given how competitive the full-size pickup truck market is right now I personally would shoot for a selling price of at most $500 over dealer invoice. You may be able to get an idea of how much you should pay by stopping by the following discussion: "Nissan Titan: Prices Paid & Buying Experience".

    Car_man
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  • wardellwardell Posts: 5
    Hi Car_man,

    Could you provide me with the money factor and residual value for a 2007 Titan Crew Cab LE (12,000 miles/yr.)? Also, if you finance the lease through NMAC will they allow the current cash incentive of $3,000 to be applied to the purchase price? It is always difficult to determine if the cash incentives can or cannot be used with different financing offers.

    Thank you for your help.

    -LW
  • sdspongersdsponger Posts: 2
    Hi

    I was hoping someone here could take a look at my girlfriend's lease. I decided to look at this and I think she may have been taken a bit.

    I've posted a link below to the main part of the contract. I thought that would be easier. My calculations seem to be pretty close, but the one thing that freaks me out is the total of payments in box 4 at the top. It seems pretty high and when added to the residual it adds up to like $37,000.

    Also, my calculations get about .00394 for the money factor...about 9%. This seems very high, especially since her credit is great (764).

    If someone could please check this out and shed some light on things that would be great. Click here for the lease.

    Thanks for your time!
  • wardellwardell Posts: 5
    Car_man,

    Could you also provide money factor and residual values for the 2008 Titan Crew LE assuming 36 mos. or 39 mos (if it is a better deal) and 12K miles?

    Thanks in advance.

    -LW
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go, wardell. Through July 2nd, Nissan Motor Acceptance Corp.'s buy rate lease money factor and residual value for a 36 month lease of a 2007 Nissan Titan Crew Cab LE with 12,000 miles per year are .00120 and 46%, respectively. Unfortunately, the $3,500 customer cash that Nissan is providing on this truck is not compatible with its special lease program.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey LW. See my previous post for the 36 month numbers for a lease of an '07 Titan. If you were to lease an '08 Titan Crew Cab LE through NMAC right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00230 and 50%, respectively. The money factor for an otherwise identical 39 month lease would be the same, but its residual value would be 49%.

    Car_man
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  • goose1207goose1207 Posts: 113
    What is the current money factor? I was near the local dealer today and decided to stop by and take a look. I talked them down to $399/mo for 48mos. Is this a good deal? No nav or dvd on this truck. I didnt pull the trigger.

    I also drove a 2008 but they said there were no deals on those and came up with a $663 lease payment for a 4x4 LE crew fully loaded with nav, bluetooth, etc. no dvd I believe.

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi goose1207. You never mentioned the selling price or MSRP of the Titan 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 what truck's selling price is 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.

    As far as its current lease program goes, Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 48 month lease of a 2007 Titan Crew Cab LE 4WD with 15,000 miles per year are .00120 and 49%, respectively.

    Car_man
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  • Hi Car_man

    Thank you for all of the great information. I have 2 questions for you. I currently lease a 2006 Titan LE Crewcab and the lease is coming to an end. The vehicle has very low miles on it. I was wondering if it is possible to trade the vehicle in or sell it to capitalize on some of the equity.

    My second question, I'm interested in leasing a 2008 Titan Crewcab LE and was wondering what the current money factors and residual values were for 3 yrs 12,000 and 15,000 miles per year. Thank you.
  • You're very welcome, wardell. Leased vehicles are usually not worth more than their purchase option prices, but consumers are occasionally able to purchase their leased vehicle and trade it in or sell it for a profit. You can determine if you might be able to make money off of your leased Titan by comparing its purchase option price to its current value. 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". The difference between your leased vehicle's current value its purchase price will show you if you will be able to make money off of your truck.

    Here is the information on the new Titan that you are interested in. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease off a 2008 Titan Crew Cab LE 4WD with 15,000 miles per year are .00295 and 45%, respectively. The residual value for a lease of this truck with only 12,000 miles per year would be 1% higher.

    As you can see, Nissan's money factor for the '08 Titan is not very attractive. That is because it is not currently providing any lease money factor support on this model. That's the bad news. The good news is that it is providing a large cash incentive on leases of it right now. Specifically, there is $4,250 lease cash on the '08 Titan Crew Cab. Make sure to use this cash to negotiate an attractive capitalized cost on the truck that you want to lease.

    Car_man
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  • just was wondering my brother is intrested in leessing a titan thanks for any info have a verry good day Marco.
  • Hi marcogallo1986. One can lease a 2009 Titan through Nissan's captive finance company right now. Unfortunately, Nissan is not currently providing any lease support on this truck so its program for it is not very attractive.

    Car_man
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