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2013 and earlier Nissan Rogue Lease Questions

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  • No problem, holm100. That residual value actually sounds a little high to me. According to the latest information that I have seen, NMAC's current residual value for a 36 month lease of a 2008 Rogue SL AWD is 58% with 15,000 miles per year and 59% with 12,000.

    Car_man
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  • kmw1kmw1 Posts: 3
    Hi Car_man,

    Would you please give me the current buy rate lease money factor and residual for a 24 month/ 12,000 lease of a 2008 Rogue S AWD?

    Today's Boston paper is advertising a 24 month/12,000 lease for $108.00/month and $2000. down. Even with 0 down and the 2 grand rolled into the monthly payments this seems to be about half of the total of the Nissan promo right now.
    What am I missing???

    Thanks very much.
  • qbrozenqbrozen Posts: 17,671
    Is it $2k down or $2k due at signing? There is a big difference.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • kmw1kmw1 Posts: 3
    $2000.00 down. Tax, title, reg, doc and Acq. (which Nissan Website says is $595.00), fees are additional.
  • qbrozenqbrozen Posts: 17,671
    well, i just looked at the Nissan site. And you are right, there must be some sort of catch with this offer you saw in the paper. Don''t they give all the info in the fineprint? Usually I find residual, total payments, etc down in that text.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • Hi kmw1. Here you go. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 24 month lease of a 2008 Nissan Rogue S AWD with 12,000 miles per year are .00225 and 73%, respectively. $108 per month?!?! I'd love to see how that deal breaks down. Hmmmmmmm, something doesn't add up.

    Car_man
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  • kmw1kmw1 Posts: 3
    Thanks for the information. I agree, it doesn't add up. We'll have to see where the "catch" is.
  • jezmiajezmia Posts: 36
    Hi,
    I need to lease a rouge, this is what I am getting so far $359 taxes included 0 down, 15k miles and 39 months. The dealer said he is giving me $250 below invoice, a MF of 0.00315 abd residual 60%. this is a 2009. Any idea if this is a good deal?

    also any idea what is the main difference between a 2008 and a 2009. thanks!!!
  • nagynagy Posts: 4
    I am trying to figure out what price I should be shooting for in a price for a 2008 Rogue SL AWD on a lease. My husband is a supplier and his price is $100 below invoice. At this point in the year, should I be able to do better?
  • You're very welcome, kmw1. Let us know what you find out.

    Car_man
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  • Hi jezmia. $250 below dealer invoice is obviously a great selling price, but the money factor that you were quoted is a little on the high side. If your credit is in good shape, Nissan Motor Acceptance Corp.'s current buy rate lease money factor for a 2009 Murano should be .00270 for a 39 month lease. Make sure that the dealer that you are working with uses this money factor to calculate your payment.

    Try stopping by the "2008 Nissan Rogue" or the "2009 Nissan Rogue" discussions for information on the difference between the two model years.

    Car_man
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  • Hi nagy. I can work up a sample lease payment on a base Rogue for you, but if you want to add any options you will have to provide me with the MSRP and selling price for the exact model that you want. Also, you never mentioned how long you want to lease for or what mileage allowance you need. For now 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.

    According to my calculations, if you were to lease a 2008 Rogue SL AWD that has an MSRP of $22,950 and a selling price of $21,349 ($100 under invoice) through Nissan Motor Acceptance Corp. right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $289.

    Car_man
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  • nagynagy Posts: 4
    Hi. Just wanted to know if you have ever heard of this. I have a trade on my lease deal. They offered me a price and eventually upped it by $750.00. After running my credit, they claim that I do not qualify for the .00187 originally quoted but that I could get Tier 2 which is .00240. They eventually offered me .00232. I checked my own score and I do qualify. Then I was told that the reason why our "credit scores" did not match is becuase they run what is a "auto specific" credit report which scores a little differently. I was faxed a page of my credit report that shows (APP): 675. When I checked my score at the same bureau my score is approx 50 points higher than that. Is this a bunch of crap to sell me an increased rate to make up the additional money offered on my trade?
  • Car_man

    Can you work up a lease cost for me for the same 36 mo, 15k per year and no money down for an SL 4WD with premium, leather and sunroof

    What would the residual / money factor on that be. If 39 month residual is better off I can swing that too.

    Thanks - looking to lease this week so if you could let me know where i should be at [at or below dealers cost] i'd appreciate it

    Thanks for your help
  • I am being quoted a deal for $307 down (my first month) and $307 per month for 38 additional months for a Rogue( bottom line cost) is $21,806.08. Does this sound like a good deal?
  • holm100holm100 Posts: 11
    how many miles per year - what model Rogue - what options are included?

    I too am very interested in the Rogue but need to compare above items
  • 12,000 miles/year Basic S model. $307.00 is the total payment including tax
  • holm100holm100 Posts: 11
    my offer was for 325.00 total on a 2008 SL with 15,000 - 39 months - sunroof, bose radio pkg but no leather - no downpayment - still thinking about it but think it is a good deal?
  • The car I am looking at doesn't have any bells or whistles, but it is a 2009. I have the same deal on a 2009 Suburu Forester and probably will take that. I'm not crazy about the rear visibility on the Rogue.
    Good luck.
  • I'd be happy to work up a lease payment on a specific vehicle for you, aeropostel. However, in order for me to do so I need you to provide me with its full MSRP and either its selling price or its dealer invoice price. You can look up all of that information here at Edmunds.com over in the New Vehicle Pricing section.

    As far as this vehicle's lease program goes, Nissan Motor acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Rogue SL AWD with 15,000 miles per year are .00187 and 58%, respectively. The numbers for an otherwise identical 39 month lease are .00187 and 57%.

    Car_man
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  • With the desired options on the SL 4WD

    MSRP -including 780 destination charge - 29,030
    Invoice - including 780 destination charge is 26764

    Sales tax here [NJ is 7%]
    15k miles - 0 down
    36mo / 39 mo
    -what other fees would there be? motor vehicle etc?

    my concern is that this lease is going to be over 400 a month.[hopefully not when you work up the numbers correctly]. If that's the case is it worth it to buy for just a few bucks more a month [even though i dont like to buy because i think a car is a bad investment, and enjoy getting a new one every 3 so i remain under warranty the whole time]
    Is it ever possible to get a lease based on a cap cost BELOW dealer invoice?
    In this economy right now what do you think a feasible amount below dealers cost would be on a PURCHASE?

    As you can see im a bit indecisive here. Hope you can help.
    Thanks
  • Hi nagy. I don't know much about it, but apparently there is some sort of special auto credit score now. It is called the "FICO Auto Industry Option", score instead of the regular FICO credit score. The main difference between the two scores is that the former focuses more on to how you have handled previous auto loans and leases than the latter does.

    Banks have always used different criteria to determine who qualifies for their top credit tier anyhow. If you believe that your credit is in good shape, but this dealer is telling you otherwise, you may be able to clear this up by getting a quote from another dealer. If you hear the same thing about your credit elsewhere it is probably true.

    Car_man
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  • If you were to lease this vehicle with an MSRP of $29030 and a Net Cap Cost (including acqusition fee) of $26764, your monthly payment would be $357.27. However, that does not include sales tax, DMV, title, etc. I know NY/NJ leases make you pay all those up front rather than some states like mine which just would just add the sales tax to the monthly payment ($357.27 + 7% = $382.28). We are responsible for our DMV fees when we register the car. So basically it would depend on the total of all of your fees and what part the sales tax is calculated on. I would venture to guess it would easily put your payment over $400 a month.

    You could lease a loaded out Ford Edge, Subaru Forester, bigger vehicles, for $350 a month.

    I would definitely ONLY consider buying the Rogue for about $430 a month on a 72 month loan. Don't lease this thing.
  • Thanks for the numbers. On a purchase, what is a feasible number under dealers cost to haggle for? 500? 1000? more?

    thanks
  • Best bet would be to just send out as many email quotes as you can to dealers in your area. Dont be afraid to go as far a 250 miles out of your area if need be. Then call the 3 lowest priced dealers. Make ridiculously low offers that you know you will never get. Let the dealers know they are competing against each other for your business. If one dealer says he will give you $250 under invoice, you could say something like, "yeah but the other guy is giving me $500 plus that car is the color I want." Eventually, you will get the price you want. It's also a good idea to let them know you are looking at a competitor of the vehicle you are looking at. Make sure you let them know you could go either way if they don't give you the price you want.
  • jezmiajezmia Posts: 36
    thank you very much for the suggestion. One more question, any idea how I would be able to get an accurate FICO to lease a car? I have heard they are different from the FICO the bank uses. To get a tier 1 lease they told me I need to have a 700, which I have, but I have never leased or bought a car, would that be an issue? thanks!
  • murf01murf01 Posts: 5
    MSRP 29,155
    24 months
    money factor was like 0.004... (seems high?)
    Payment was $490.81 for 24 months

    2009 Rogue SL AWD
    Purchased in Illinois.
  • OUCH!!! You could have financed $27,000 at 3.9 for 60 months for about $20 less per month. Is it too late to take it back?
  • murf01murf01 Posts: 5
    We did not want to purchase. Also we do not want the car for 5 years. ($30,000 / 5 = $6000 per year) with our lease, we pay $490 X 24 = $11760 (or $5880 per year) and I can turn it in after 2 years and get something else new.

    So we see this as the same cost per year as trying to buy, but we are not locked into 5 + years of the same car.
  • 1. You didn't want to purchase or didn't think to purchase?
    2. You wouldn't have had to keep the car for more than 2 years. That's the beauty of owning. You are not "LOCKED IN" for 5 years just because that's the loan term, it isn't a lease.
    3. When you're sick of the car you get rid of it. After 2 years payoff would be $16K. Are you telling me a Nissan is going to depreciate $13,000 in 2 years time? Residual is over 70% on a 2 year lease for a reason. Because it's worth 70 some percent after 2 years.

    $490 a month on this $29,000 lease is just unimaginable to me. Should've bought it. People lease to LOWER their monthly payments, usually by a significant amount. I would use the general rule if you can't save $100 over a regular bank loan, BUY IT.

    PS: My mistake. $27K at 60 months 3.9% would be $496. So for a grand total of $144 more you could've owned it. The residual value on a 24 month lease is over 70% so after 2 of your 5 year bank loan you would've owed $16,000 and it would've allegedly been worth $20,000.
This discussion has been closed.