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2013 and earlier Nissan Rogue Lease Questions



  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,881
    If you are borrowing $27k, then the payoff isn't going to be $16K after 24 months... Maybe $17K on a 5% loan..

    Also.. Just because Nissan is willing to write a lease at 70% residual, doesn't mean the vehicle will be worth 70% in two years.. Either that is their guess... or, they are willing to use that residual to subsidize the lease.

    Plus.. most people trade their cars in.. Could a $29K Rogue have a trade-in value of less than $17K in two years? I would bet on it...

    Do I think the Rogue is a good lease value? Not at all.

    Do I think it would be cheaper to buy it, then trade it in after 24 months? Nope.. If they know they only want it for two years, they probably made the right choice.


    Moderator - Prices Paid, Lease Questions, SUVs

  • murf01murf01 Posts: 5
    Thanks, this is a great discussion and you help raise some good points. But for us leasing works. If he payment is $496 to own, or $490 to lease, and I can walk away in 2 years from the lease. If I choose the purchase option, and I want to trade in after 2 years I will almost be guaranteed to be upside down on my loan and owe more then what they will trade for. Too much hassle.

    I do enjoy reading these posts and thank you for your input. I am not trying to sell anyone on the idea that leasing or buying is the right thing For us, we think leasing works. and the #'s dont seem to sway me back to buying (at least not yet they dont).
  • Here's the deal I have on the table- do I go for it? I'm in Atlanta, GA, I know my credit is solid, and I trust this dealership (got my last car there):

    '09 SL FWD Leather
    Gotham Black ext/grey leather interior
    Premium package, rear spoiler, roof rack, etc.
    No moonroof

    3 options for a 39 month, 12K/yr deal:
    $0 down (absolutely nothing) = $399/mo (including taxes)
    $1,000 down = $369/mo (incl taxes)
    $2,000 down = $339/mo (inc taxes)

    On all of the options above, they'll cut me a check for $612 to cover my last 2 lease payments on '06 Altima.

    I believe manager stated he's giving car to me for $27,395.

    Help, please!
  • murf01murf01 Posts: 5
    Your 3 options come out as follows:

    39 X 399 = 15,561 (over the 3 years)
    39 X 369 (+1000) = 15,391
    39 X 339 (+2000) = 15,221

    If you can afford the 399 payment I would keep the 2000 down and invest it over 3 years you are likely to make close to the difference of $340. I would save the $2000 and invest it.
  • GMAC has capitulated on $23,000 residual on 05 Tahoe (34,000 miles, 21 mpg hwy), offered for $17,804 w/2 payments left, net purchase price $16,667 through leasing dealer. I can put new tires ($650), get certified for $400-500 w/12 mo bumper to bumper warranty and 4.9% for 48 mo. Can put $2,000 down to get payments down to around $360.

    Considering option:
    Lease 09 Rouge. Local dealer1 quoted on SL w/FWD, prem pkg, leather and sunroof, $389/mo (includes sales tax) 39 mo term w/$1,000 cash for 1st month and fees. Selling price $25,750, 61% residual of $16896.55, .003 money factor, 12,000/yr.

    Dealer2 quoted on 08 Rouge same equip as 09, 39 mo term, $1,006.65 cash, $392.77/mo, 58% residual of $16,344.40, .002 money factor, 12,000/yr.

    Bottom line issue, Tahoe when paid off is 8 years old, worth a little something, with more costly fuel. Rouge would fit needs, I know 09 would be best choice, liked 09 Murano but $100 more/mo. After 39 mo of lease payments on Rouge, would be in same boat as I am now. Might roll dice and holdout 2 mo to see if GMAC makes deal more attractive and/or lease rates/incentives change w/Nissan.
  • To close the discussion...

    I wound up getting the car yesterday.
    The deal was 39 mo, 12K/yr, $347/mo- all taxes included (which are 7% in my county)

    I only put down the first payment- that's it.
    Tried to trim a few extra dollars off- but it wasn't happening. Ultimately I think I still got a very good deal. Enjoying the car so far...
  • Cargal - did you get the '09 SL w/ prem. package? Can you tell me the name of the dealership?
  • mriomrio Posts: 10
    live in new york city. looking to lease a rogue. got an offer from 1 dealer on 2008 sl awd premium w/leather. 12k 39mth lease. $370mth. only first payment due at signing. wondering if this was a good deal or if i should look at the 09's? an what can i expect to pay for lease? tnx michele.
  • Hi mrio. The best way to evaluate a deal is to look at its selling price in relation to its MSRP or its dealer invoice price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what this number is, it is difficult to tell how much room there is left to negotiate. If you share this number with us here, I am sure that either myself or another helpful community member would be happy to give you their opinion of this deal.

    Prices Paid: Buying & Leasing Experiences Forum
  • cmelocmelo Posts: 1
    I'm in Chicago, IL. I had never lease a car before and can't afford to buy. Please review this offer. I need to make a decision quick. Credit is average, some lates but never in car financing. Thanks.

    2009 ROGUE S AWD w/ Splash and Mats Lease
    39 Months - $199/Month - $2,754 initial payment.
    Excludes taxes, title, license, and $595 non-refundable Acquisition Fee. $2,754 initial payment required at consummation. (Includes $2,555 consumer down payment, $199 first month payment).

    2009 ROGUE S AWD w/ Splash and Mats model 77419 subject to availability to well qualified lessees through Nissan-Infiniti LT. $22,505 MSRP incl. destination charge. Net capitalized cost of $19,380 does not include a $595 non-refundable acquisition fee. Dealer contribution may affect actual price set by dealer. Monthly payments total $7,761.00. At lease end, purchase for $14,403.20 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. Lessee is responsible for maintenance and repairs. See participating Dealer for details. Offer ends December 1, 2008.
  • Hi cmelo. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    the deal that you mentioned in your post looks like Nissan's official advertised payment for the Rogue. As a rule of thumb, savvy consumers who shop around in an area that has a decent level of competition can easily beat manufacturers' advertised payments by negotiating a lower selling price than the one that it is based upon.

    Prices Paid: Buying & Leasing Experiences Forum
  • Currently, I have a 2004 Chrysler PT Cruiser GT Turbo that is worth ~$7,500. I owe ~$11,000 on it. I am looking to trade it in on a 2009 Rogue S that I would like to lease. I am not the best with numbers and would like a second look ...

    I talked to the salesman last night and he couldn't provide me with a worksheet until they had a chance to look at my trade, but he did tell me that they would be selling me the car for $400 behind invoice (so I assume a $20,000 sale price). I would be leasing it for 39/months with 12K miles a year. I would be rolling all taxes, negative equity and tags into the payment and will only be putting $1,000 down. They quoted me a lease payment of $391.

    I have a FICO score of 771 (checked a few days ago), so I know that I should be top tier ... but I don't know what the money factor should be. Any insight into the deal and what I should be looking for would be greatly appreciated! If there is room to move in this one, I want to know before I go there again and sign the deal!
  • Hi cwanamaker. $400 under dealer invoice is a good price for a leased Nissan Rogue. As far as the money factor goes, NMAC's current buy rate for a 39 month of an '09 Rogue S AWD is .00211. The factor for an otherwise identical lease of an '08 model is .00155.

    As long as the dealer is using the aforementioned money factors to calculate your lease payment, this looks like a good deal to me. My main problem with it is the negative equity that you have in your trade. You would be better off waiting until you were less upside down to get something new, but I understand that many people don't want to wait that long.

    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks for the reply. How did you find out NMACs buy rate?

    And I was planning on waiting a while to get out of the current car I have, but things have been going wrong with it and it is no longer covered under warranty. It also doesn't work well up in the hills of PA where it has been snowing on and off here since October.

    I talked to another dealer who had an '08 in stock and they offered me $378/month, 12K miles a year, $1000 out of my pocket and $7800 for my trade. I think I am still getting a good deal there as well. Since I don't plan on keeping the Rogue S at the end of the lease, I thought I might go for the '08 for the lower starting payment and then up my miles to 15K. Good idea, bad idea? How much should the extra mileage cost me per month?

    Thanks again!
  • Car-man,
    Could you work up what my payment would be on a Rogue SL lease. The MSRP of the vehicle we are looking at is 27,205 and we can get it at 25,715. We would do the 39 month lease deal and bring 1500 for our downpayment and first month payment. Also we're in colorado if you need that info as well. Thanks for your help.
  • dperkdperk Posts: 4
    Sorry a bit confused, after reading... i am about to end a lease, and have been looking at the Rogue.

    I am confused to get the FWD or the AWD.

  • dperkdperk Posts: 4
    Does this sound like a good lease?

    2009, 39 month, Rouge SL AWD, 12K, fully loaded, mats, mud, only 1st payment, $349?

  • I'd be happy to work up a payment for you, cmacfar944. According to my calculations, if you were to lease a 2009 Nissan Rogue SL AWD that has an MSRP of $27,205 and a selling price of $25,715 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 $343. The payment for an otherwise identical 39 month lease would drop to around $330.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi dperk. The best way to tell if a lease is a good deal is to look at the selling price that it is based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how large a dealer discount you are being given. Let us know what this truck's MSRP and selling price are and I am sure that either myself or another knowledgeable community member will be happy to give you their opinion.

    Prices Paid: Buying & Leasing Experiences Forum
  • eug1eug1 Posts: 1
    Hi does anyone know or have an idea what a minimum fico requirement would be to get approved for a lease on a Rogue.

    Thanks very much in advance for any input!
This discussion has been closed.