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Nissan Titan Lease Questions

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  • 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: 38,515
    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.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    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%.

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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: 38,515
    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.

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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.

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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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  • Car_man,

    Can you please provide the current money factors and residual values for the 2008 & 2009 Titan LE Crew Cab for 3 yr, 12K miles? Also, are you aware of any lease cash being offered on this model?

    Thanks in advance.
  • i have been looking at a titan 08 xe 4 x 4 crew cab base model with 10,000 miles..... very clean.

    the dealer (stealer) wants $17,999. for the vehicle which i think is a good deal. tell me if this is a good vehicle or not.....i have been a ford guy for years and looking for some power and room and like the way it looks. doesnt have the tow package on it...but only going to tow about 4,000 lbs max ......any help would be appreciated
  • Here you go, dave85. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008.5 Titan LE Crew Cab 4WD with 12,000 miles per year are an atrocious .00325 and 32%, respectively. The numbers for an otherwise identical lease of an '09 model aren't much better at .00325 and 35%.

    If I was personally in the market for a new vehicle, I definitely would not lease a Titan. If you're set on the Titan, you may want to consider financing it instead. You can finance an '09 through NMAC at 0.9% for 6 years and an '08 through it at 0% for 5 years. Or you could finance these trucks though an independent bank and take advantage of the huge cash incentives that Nissan is currently providing on them...$5,500 on the '08 and $5,000 on the '09.

    Car_man
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  • Hi tampabob1. This particular discussion is really for community members to talk about leasing the Nissan Titan. You will have better luck getting others' opinion of this truck over in the "Nissan Titan" discussion. Try here for information on its towing capacity, "Nissan Titan Towing Questions".

    Car_man
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  • Thanks for the info. You're right, those numbers are awful. But it does make my decision a little easier. On with the search!
  • You're very welcome, dave85.

    Happy Holidays,

    Car_man
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  • joenissanjoenissan Posts: 313
    I've always heard that even the end of lease buyout can be negotiated. But apparently not fronm NMAC. I'm being told that they're insured for this and you either pay what's on your lease agreement or give it back. Am I missing something? Have I been misled here? Anyone?
  • bigbutrbigbutr Posts: 111
    Carman,

    Saw where Nissan is providing $4000 lease support on 2010 Titan. Do you know what the residual and money factors are for a 36 month lease. Checked prices on overstock and saw a sale price of $23,600 on a Titan XE Crew Cab with a couple of add-ons. I'm thinking with dealer fees and whatnots, I'm looking at a sale price of around $24,600.
    Thanks for your help!

    Steve
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Steve. Nissan is currently providing an attractive $4,000 cash incentive on the 2010 Titan. Unfortunately, its lease program on this model is not very attractive.

    Nissan Motor Acceptance Corp.'s May buy rate lease money factor and residual value for a 36 month lease of a 2010 Titan Crew Cab XE 4WD with 15,000 miles per year are .00265 and an atrocious 36%, respectively.

    I personally wouldn't lease a Titan right now. Even though it means that I would miss out on the four grand in cash I personally would finance one at 0.9% for 5 years if I was interested in getting one this month.

    Car_man
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  • Hi,

    I am interested leasing the 2010 Nissan Titan LE (4x4). I was wondering if anyone has the money factor and residual value of this truck for both 24 and 36 months lease term.

    Any and all your help is greatly appreciated.

    Regards,

    David.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings David. You're in luck, Nissan introduced lease support on the Titan this month for the first time in a long time. Here's the information that you're looking for.

    Nissan Motor Acceptance Corp.'s August buy rate lease money factor and residual value for a 36 month lease of a 2010 Titan LE 4WD with 15,000 miles per year are an attractive .00052 and an unattractive 38%, respectively for consumers who qualify for its top credit tier.

    You definitely do not want to lease this truck for two years. Nissan is not currently providing any support on 24 month leases.

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  • Thanks Car_man. BTW, do you have an approximate residual for a lower mileage? not sure if they do a 12k or even 10k? also, how much does the spec affect residual? say an SE 4x4? .... wife really put off by economy but if I could secure at lower enough payment, I might able to swing it.

    Thanks
    Nick
  • No problem Nick. NMAC does indeed offer low mileage leases. Its 12,000 mile per year residual values are 2% higher than its 15,000 mile per year resids.

    NMAC's residuals do vary by trim level, but not by much. Nissan Motor Acceptance Corp.'s September buy rate lease money factor and residual value for a 36 month lease of a 2010 Titan SE 4WD with 15,000 miles per year are .00052 and an unattractive 38%, respectively for consumers who qualify for its top credit tier.

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