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Nissan Armada Lease Questions

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  • Car-Man,
    Would you kindly provide the current money factor and residual % for a 2008 NIssan Armada LE in Westchester County, NY. Also, is it true that december is typically the best month to lease the previous model year vehicles from import companies?
    Also could you provide the average financing rate for a purchase through NIssans captive finance company for a purchase of a 2009 for someone with good-excellent credit (credit score greater than 700).
    Thanks
  • Hi Matt. Nissan is no longer providing lease support on the 2008 Armada. as a result, if you were to lease one through Nissan Motor Acceptance Corp., you would have to use its standard lease program. Its program for this truck varies by term and mileage allowance. You never mentioned what either of these variables are, so 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.

    NMAC's current buy rate lease money factor and residual value for a 36 month lease of an '08 Armada LE 4WD with 15,000 miles per year are .00325 and 38%, respectively. :surprise: yuck.

    In general, December is often a good time to lease leftover vehicles. Of course, lease programs vary by model. Some manufacturers have already pulled the plug on their lease support for certain '08 vehicles.

    As far as its conventional financing program goes, Nissan is currently offering 0.9% financing for up to 5 years and 2.9% for 6 years on the 2009 Armada.

    Car_man
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  • I need help understanding the $622 price. Here is what I did. $47400 plus a residual of $24174 = $71754 (times) .00123 money factor = an $88 money factor payment. the monthly depreciation payment is calculated by the $47400-24172=23226 divided by 39 months = $595. Therefore the total monthly would be $595 plus $88 or $683?
    I like your calculation much better, but I need to understand how you got there? Can you help?
  • ucjjgucjjg Posts: 21
    Hi Car_man,

    Curious if you have the February lease numbers for a 2009 Armada LE; Would appreciate MF, residual for 36 year, 15K.

    Thanks in advance.
  • Here you go, ucjjg. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2009 Armada LE 4WD with 15,000 miles per year are an atrocious .00325 and 36%, respectively.

    This unsupported lease program can be combined with the $4,500 customer cash that is currently available on this truck, but if I was in the market for one I personally would not lease. I would either use the $4,500 and finance it through an independent bank or finance it through NMAC using its special 1.9% rate for 5 years.

    Car_man
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  • ucjjgucjjg Posts: 21
    Thanks Car_Man - you are right, those numbers are terrible!! Among the worst I have seen.
  • Car_man,
    Can you please shed some light on the math behind post #128 as it refers to post #118?
    Thank you in advance for your help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No doubt, ucjjg. I definitely would not go with an Armada if I wanted to lease something right now.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Sprkieee. I use Excel and the formula that is outlined in the following article to calculate lease payments: Calculate Your Own Lease Payment. Check out the article and let me know if you have any questions.

    Car_man
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  • Car_man - Can you provide me with the current (Oct. - Nov. maybe not out yet) Lease rate/residuals for 2010 Nissan Armada? Specifically Platinum 2WD but I may go with another model. Can do the math, need the tools. Thank You
  • Hi rick156. Through November 2nd, Nissan Motor Acceptance Corp.'s buy rate lease money factor and residual value for a 36 month lease of a 2010 Armada Platinum Edition 2WD with 15,000 miles per year are .00290 and 40%, respectively.

    You never mentioned how long you want to lease for or what mileage allowance you need, so let me know if you want something different.

    Car_man
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  • Car_Man--

    My wife is in the market for a new SUV as her lease is expiring on her 2007 Armada. We are considering leasing another Armada.

    Can you please tell me what Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease are currently? We are looking at the 2010 Platinum 2WD and 12,000 miles per year. Thanks!
  • Here's the info that you're looking for, sabrothe. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2010 Armada Platinum 2WD with 12,000 miles per year are .00039 and 45%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • Thanks Car_Man, exactly what I was looking for.
  • You're very welcome, sabrothe.

    Car_man
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  • Car man please excuse my ignorance, what is the lease rate for 2010 Nissan Armada Platinum 39 months 12,000 miles, do I multiply that by the purchase price to get a monthly payment? How much of a discount should I get for a demo model with a 1,000 miles on it? Thanks
  • jcox9jcox9 Posts: 2
    I am looking to purchase/lease a 2010 4wd Platinum Armada before the end of March. It appears that there is a special 39 month lease on the SE. Does this apply to the Titanium as well? What are the march residual and buy rate money factor for a 2010 Platinum Armada with 12K and 15K miles per year? Thanks.
  • hello, I am also looking to lease an armada platinum, have you leased yet? I'm in Florida and inventory is really bad and I'm having a hard time getting good prices. If you have any info to help, I would greatly appreciate it.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mkhalil33. These aren't ignorant questions at all. Nissan Motor Acceptance Corp.'s new April buy rate lease money factor and residual value for a 39 month lease of a 2010 Armada Platinum AWD with 12,000 miles per year are .00060 and 47%, respectively for consumers who qualify for its top two credit tiers.

    You can use this lease program, the truck's MSRP, its selling price, and the formula that is outlined in the following article to work up a lease payment: Calculate Your Own Lease Payment..

    The problem that I personally have with demo vehicles is that dealers are never willing to discount them enough for my taste. I myself wouldn't want a vehicle that someone had put a thousand miles on unless the dealer was willing to knock a grand off of the price of an equivalent new vehicle...and that probably isn't going to happen. Chances are that they'll offer you another couple hundred dollars off. To me it's not worth it, but many people love demos so your mileage may vary.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jcox9. Nissan's special lease money factors on the 2010 Armada are available on all trim levels. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2010 Armada Platinum 4WD with 15,000 miles per year are .00060 and 45%, respectively for consumers who qualify for its top two credit tiers.

    The numbers for an otherwise identical lease of a 2010 Armada Titanium 4WD are .00060 and 47%.

    If you were to lease either of these trucks with only 12,000 miles per year, their residual values would be 1% higher.

    Car_man
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  • Car man,
    I have read some of your posts on here and have a question that maybe you could help me with. I am returning my 2007 Nissan pathfinder lease and would like to lease a 2010 Armada in Phoenix Az. I have no Idea what is a good money factor or residule value would be on the 2010 Armada. It seems like the dealer is playing games with me. Can you please tell me what I should be getting for these numbers. I also was looking at 39 month and 12,000 miles lease.
    Thank you
  • daimdaim Posts: 5
    Hi everyone,
    I just leased a 2010 Armada Titanium(2wd) For 39 months with 18k/year for 625/month and 1500 down. I tried to negotiate as much as I could, but I still wonder if I got a good deal.
    Please tell me what you think!?. To think that I was robbed by the dealership and I have live with it for the next 39 month is the worst feeling in the world. As you can tell this is my first time leasing!!!
    I can't wait to read your comments!
    Thank you
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out, confused321. Nissan Motor Acceptance Corp.'s April buy rate lease money factor and residual value for a 39 month lease of a 2010 Armada SE 2WD with 12,000 miles per year are .00060 and 48%, respectively for consumers who qualify for its top credit tier.

    This truck's lease program varies by trim level. You didn't mention the exact version that you are interested in, so I had to make an assumption. Let me know if you want something different.

    Car_man
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  • nick008nick008 Posts: 5
    I am looking to get this vehicle this week. Is the Nissan $4,000 cash back available for leases and is there any other programs like loyalty programs available for leases. I will be exiting from a lease of 2007 Pathfinder and I am looking into 2010 Armada Titanium 2WD with 15,000 miles. What is the money factor and residual %? Is there any local specials that you may be aware of in the south florida area.
    Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi nick008. Unfortunately, the $4,000 cash incentive that Nissan is currently providing on the 2010 Armada is not compatible with its special lease program, but Nissan is providing a $1,000 cash incentive on leases of this model in certain parts of the country Fortunately, Florida is one of the areas that this $1,000 is available in.

    I'm glad that you mentioned that you are a current Pathfinder lessee, because the fact that you are makes you eligible for a special $1,000 SUV loyalty cash incentive if you lease a new Armada.

    Nissan Motor Acceptance Corp.'s April buy rate lease money factor and residual value for a 36 month lease of a 2010 Armada Titanium 2WD with 15,000 miles per year are .00060 and 48%, respectively.

    Car_man
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  • nick008nick008 Posts: 5
    Is the money factor and residual value the same for a 39 month lease for 2010 Armada Titanium 2WD with 15,000 miles? Does these values apply to 2010 Armada Titanium 4WD with 15,000 miles also
    Thanks Car Man.
    Nick008
  • nick008nick008 Posts: 5
    Hi Carman,
    I just back from the dealer and this is the deal:
    2010 Armada 2WD titanium Invoice is $42,164 & MSRP is $46,410 (basically all the options except rear cargo net). They want $900 over invoice and I am trying to negotiate $500 over invoice. They are are charging $595 for acquisition fee and $599.95 for dealership fee (doc fees). Are these fees negotiable and is that a good deal.
    Thanks a million.
  • nick008nick008 Posts: 5
    I guess I left out some details of lease. $1,000 inception downpayment (paying 1st month and registration & license) and lease payment:$568.74 (base) & 34.12 (tax)= $602.86 total for 39 months 2010 Armada Titanium 2WD 15,000 miles [Invoice is $42,164 & MSRP is $46,410.]
    Thanks
  • Guys
    I got mine a month ago. I got the Platinum with the captain's chairs with 15,000 miles 39 months $3,000 out the door and payments of $608.83 including tax which is 7% here. Hope that helps.
  • stone76stone76 Posts: 2
    Hey Car man. I have a question for you. I currently have an Infiniti M45 lease ending in 3 months. Since it is Nissan finance, will they allow me out early for a Nissan Armada? I was curious what the synergies between Infiniti leases and Nissan leases are?
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