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2013 and earlier Nissan Murano Lease Questions

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Comments

  • kingpcgeekkingpcgeek Member Posts: 1,051
    For the most part, using the manufactures leasing programs is not the best deal.

    For imports the manufacturer's leasing program is almost ALWAYS the best deal. For many domestics a third party is the way to go, but in general leasing a domestic is a bad deal.


    All manufactures are very strict on their wear & tear, because they are setting the residual way out of line with the market.


    Not true. Honda is very well know for how liberal they are with wear and tear. I have had lease turn-in inspection with Infiniti and they were fine. Infiniti also gives you $500 of forgiveness for leasing another Infiniti. Honda gives up to $1500 in forgiveness

    There residuals are not set at a realistic future value. Yes the payment may look good at the moment, but if you ever decide to trade out early you will not be able too because the residual is set way to high for the market.

    But the majority don't trade out, so a higher residual is better.

    Most manufactures do not have GAP insurance with there leasing programs so you have to pay extra for it.

    This is simply not true.

    Oh yea a nice little scam from a third party leasing bank, US Bank. Last year I traded in an IS250 a year early on a lease. US Bank gave me the payoff of 21.5k. Then when the dealer called to confirm the payoff his payoff was 22.3k. Reason why? US Bank had a contract with me, not the dealer. That lease was my last uneducated lease, I will never lease from a third party again.

    but always remember 1 thing, the dealer is 99.99% never on the consumers side.

    This I'll agree with you on. They make more money on selling you the car at a higher price, overpriced add-ons, and the most infuriating financing. The "largest auto consumer leasing companies in the country" are no different.
    2005 G35 Sedan
    2007 G35 Sedan
    2008 G37 Sedan
    2010 G37 Coupe
    2012 G37 Sedan
    2014 Q50 RWD

    2017 Q60 3.0t RWD
    2018 QX60 RWD
  • eric312eric312 Member Posts: 71
    It is my understanding that GAP insurance is included on Nissan leases automatically, at least it was on my 2007.

    I got $2250 off invoice and was told there is a somekind of dealer holdback $ on the car.
  • cowboys100cowboys100 Member Posts: 3
    The Gross Cap Cost was about $32,812.00 before 8.625% tax. 39 months.. The $2250 was reflected in the NMAC lease. The invoice was $34,010. No trade in. This was a lease. Residual was 50% and the mf was .00147. Gap insurance included. The total cash due out the door was $3900.00 $345/month 39 months..12k a year....
  • kingpcgeekkingpcgeek Member Posts: 1,051
    Yes I know, that is why I said mrlease's comment about gap was not true
    2005 G35 Sedan
    2007 G35 Sedan
    2008 G37 Sedan
    2010 G37 Coupe
    2012 G37 Sedan
    2014 Q50 RWD

    2017 Q60 3.0t RWD
    2018 QX60 RWD
  • mrleasemrlease Member Posts: 4
    Yes that is true. I never said all manufactures. Average hold back is 3% of MSRP. $35,000.00 car, dealer has $1050.00 cash you do not know about. Some cases especially when you wait until the last day of the month to buy, if you tell them you want half of hold back, depending on how there month went they will give it up.
  • dechodecho Member Posts: 20
    Hi all,
    I've got an offer for a Murano S AWD (no options!) 39mon 39k,
    1500 out of pocket, 330 per month.
    Returning Murano leesee.
    I'm in the Albany NY area and wondering of this is a good deal.
    Thanks 4 your help
  • thebordcuthebordcu Member Posts: 8
    Hi - Would this be a good deal or can we do better? We are in the Philly area. We are debating if we should take advantage of the Pull Ahead Program and go into a new Murano or wait until our lease ends in November and look at all of our options.

    2010 Murano SL AWD
    Includes Sunroof and Backup Camera
    We were told this one has cloth seats which is what we are looking for but another dealer says it is impossible to get the sunroof and backup camera with cloth (our current 07 Murano has this)

    39 months, 12K a year
    MSRP: 35,900
    Monthly Payment: 414 + 9% PA tax = 451.26 a month
    Out of Pocket: 1st month, 595 bank fee and Title/Tags = $1325

    Thank you!
  • eric312eric312 Member Posts: 71
    edited August 2010
    Is there a "standard" disposition fee for Murano leases?

    :confuse:
  • eric312eric312 Member Posts: 71
    Does anyone know what September lease program will be?

    Are there any specials for Labor Day?
  • kingpcgeekkingpcgeek Member Posts: 1,051
    No one except people at Nissan corporate know what September will bring.
    2005 G35 Sedan
    2007 G35 Sedan
    2008 G37 Sedan
    2010 G37 Coupe
    2012 G37 Sedan
    2014 Q50 RWD

    2017 Q60 3.0t RWD
    2018 QX60 RWD
  • dechodecho Member Posts: 20
    edited September 2010
    Hi Car_Man (or others),
    is Nisan still- as of September-offering lease loyalty for returning Murano leasees?
    Any help or information would be appreciated.
    Thanks
  • nylifenylife Member Posts: 6
    Yes they still do $1500
    Got mine today when i picked up a my 2010 SL

    here is the Deal i got
    Murano SL 2010
    360 Package
    Premium Package
    Leather Package
    Mats
    Roof Rail

    I believe MSRP was just over $37000
    Sale Price was almost $34100(which is i believe is pretty much invoice)
    $500 Labor Day
    $1500 Loyalty
    $750 Some other rebate
    So the car was just over $31k pretty much 6k off msrp
    39month 12k miles a year
    $400 a month including tax
    $2925 total out pf packet including all the fees

    the dealer threw in free oil changes for the life of the lease as long as i come to that dealer, protection package that covers interior damage or any outside paint damage due to weather.

    Ummm i think this is it, but i may be missing something else they threw in there
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi decho. I believe that nylife is correct. The loyalty incentives that Nissan was providing on its models last month still seem to be available in September.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • shadowjack1965shadowjack1965 Member Posts: 5
    edited September 2010
    Hello,

    Like many I just found this site and wanted to know if the lease I'm about to sign is a good deal or not. I appreciate anyone's feedback!

    We're dealing with Gerald Nissan in Naperville, IL (Chicago area).

    2010 Murano SL
    MSRP: $32,060
    Tech package - $1500
    Splash Guards - $125
    Freight/Destination - $800 (not sure if this is b/c they have to travel to find our vehicle or not)
    Nav - $1850
    Premium package - $1,000
    Floor mats - $105
    Moon Roof - $1200
    Leather Package - $1200
    Total - $40,320

    I asked the salesman if he would give me the pertinent numbers and he said he doesn't know EVERYTHING until they run it through the computer. What he COULD give me was:

    Residual - $20,000
    39 month lease
    12K miles (we'd go for less but don't think they offer it)
    .00190 (I forget what this number is called but he said that's a good number)
    Payments will be $579 per month.
    This includes $6000 trade in (we owe $4300) and $2500 down payment.

    So are we missing anything and/or should we negotiate for better?

    Thanks in advance!
  • nylifenylife Member Posts: 6
    Negotiate for better it sound way too much for a Murano
  • shadowjack1965shadowjack1965 Member Posts: 5
    What factors can we negotiate?
  • nylifenylife Member Posts: 6
    The price of the car, it sounds like you getting a price based on MSRP, negotiate the price to be as close to the dealer invoice as possible then apply the lease factors and see what the price will be like
  • shadowjack1965shadowjack1965 Member Posts: 5
    I ran the numbers through Edmunds and it gave me a TMV of:

    MSRP INVOICE TMV
    Total with Options $40,510 $36,925 $36,994
    Incentives & Rebates -$750
    Customer Cash Adjusted True Market Value $36,244

    So is the TMV a price we should logically be able to obtain through strong negotiations?

    Sorry if this is a noob question, I don't have a lot of experience with leasing.
  • nylifenylife Member Posts: 6
    Yes, this is the price you want to AIM for and get as close as possible too
  • shadowjack1965shadowjack1965 Member Posts: 5
    We secured 3.1% from BoA on a 72 month loan. I'm sure the dealer is going to argue that the Murano is in high demand and he can get closer to MSRP from the next guy that walks into the dealership, is there anything besides the Edmunds report that one can use while negotiating?

    Wish there was a service online that listed the selling prices of vehicles purchased in the area!

    We close tonight so I appreciate all the feedback you've provided.
  • nylifenylife Member Posts: 6
    Go to truecar.com
    it will tell you what people are paying around you in the area
  • shadowjack1965shadowjack1965 Member Posts: 5
    Excellent site, thanks for responding.
  • mijesmijes Member Posts: 2
    edited September 2010
    I know everyone is asking about whether what they were given was a good deal... so I'd like to do the same! :)

    I don't have a complete break down... but it is for a 2010 Murano SL with 360 package, which includes the Prem and Leather pack. It also has roof rails and splash guards.

    Upfront: $3000 (which includes everything)
    Montly Payment: $390

    I'd appreciate someone's input! Thanks!
  • kingpcgeekkingpcgeek Member Posts: 1,051
    Only giving an upfront cost (which can mean so many things based on where your are) and a payment are useless to determine the worthiness of a deal.
    2005 G35 Sedan
    2007 G35 Sedan
    2008 G37 Sedan
    2010 G37 Coupe
    2012 G37 Sedan
    2014 Q50 RWD

    2017 Q60 3.0t RWD
    2018 QX60 RWD
  • mijesmijes Member Posts: 2
    The MSRP is 37,150. The agreed upon value is 32,064.
    Taxes from NJ are $1206.06
    Aquisition fee $595
    Doc Fee $299
    39 month lease 12,000 miles per year
    Upfront: $3000
    Rebate: $750
  • valenokvalenok Member Posts: 2
    mijes,

    Does $3000 include taxes? Or just bank, doc fees and first payment?
  • ajpbf7ajpbf7 Member Posts: 91
    Hello Carman,

    Could you please provide the MF and Residual for the 2010 Murano S FWD for 36 and 39 months. This would be for 10k per year. Thank you.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello ajpbf7. Here's the information that you're looking for.

    Nissan Motor Acceptance Corp.'s September buy rate lease money factor and residual value for a 36 month lease of a 2010 Murano S FWD with 10,000 miles per year are .00130 and 53%, respectively for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical 39 month lease are .00130 and 52%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • valenokvalenok Member Posts: 2
    Hello Carman,

    Could you please provide the MF and Residual for the 2010 Murano SL AWD for 39 months/12k per year. Thank a lot.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here you go valenok.

    Nissan Motor Acceptance Corp.'s October buy rate lease money factor and residual value for a 39 month lease of a 2010 Murano SL AWD with 12,000 miles per year are 00130 and 50%, respectively for consumers who qualify for its top credit tiers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • cheese11036cheese11036 Member Posts: 2
    Hi, I am looking for suggestions on the lease deal that I was given. I am located in the Midwest. Tax is 6%.

    Details:
    2010 Murano SL AWD
    Brilliant Silver

    Options:
    360 package
    Floor mats

    MSRP:
    $36,960

    Selling Price:
    $33,612 includes the $750 rebate

    Payments:
    $515 for 39 mos includes tax.
    $625 due at signing which includes 1st month payment.
    12,000 miles per year

    Any thoughts? I appreciate the suggestions.
    Thanks.
  • skoobydooskoobydoo Member Posts: 4
    Hello...

    I have a 2007 Murano SL with touring package that I leased.

    The lease will be up in March, and the buyout with purchase option is $16,850.

    It's in good condition (33,000 miles) with normal wear and tear. I want to keep it, but is the price worth it?
  • whitestar16whitestar16 Member Posts: 53
    Hi, the selling price is too high. Both me and another poster another forum got a Murano 2010 new SL with far more options than you listed for 30,000 or less as the selling price.
  • carmaster1carmaster1 Member Posts: 62
    2010 Murano SL FWD: Premium, leather pkg., 360 value pkg., splash guards, rear retractable cover.

    MSRP: $35590
    Invoice: $325...
    Selling price: $29090 + TTL. includes $1500 rebate.
    Plus dealer is offering 2.9% for 72 months.

    Is this a good price? Thanks in advance.
  • jrue24jrue24 Member Posts: 29
    Does anybody know the November Money Factors and residuals for either a 2010 Murano SL-Touring Package or a 2011 SL. 36/15K miles? My lease ends in Jan and I am under in mileage so I am trying to decide if I should get a 2010 now and have Nissan wave the last three months or wait until Jan for the 2011. Any advice is appreciated.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi skoobydoo. I am not personally all that familiar with what the market is like for used Muranos right now, but you should be able to get a decent idea of how much this vehicle is worth by stopping by the Used Cars section of Edmunds.com and plugging in its details.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the information that you're looking for, jrue24. Nissan Motor Acceptance Corp.'s November buy rate lease money factor and residual value for a 36 month lease of a 2011 Murano SL with 15,000 miles per year are .00194 and 50%, respectively.

    I wouldn't be in a hurry to get out of my current lease right now unless Nissan is running some sort of official early termination program. Having the dealer eat your final payments will hamper your ability to get the best possible deal on your new vehicle.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jrue24jrue24 Member Posts: 29
    Thank you Car man. My only reason for thinking of turning in the car early was to get into a left over 2010 but I wanted to compare the rates between a 2010 and 11. I think your right though. I should probably wait until the new year at which point I hope the rates will drop a little and maybe the residual will go up on the 2011. Seems pretty low for a brand new model no?
  • steevosteevo Member Posts: 389
    Do NOT return the car. Buy it. Now. Get a buyout price and do it over the phone. You will not pay the miles overage if you buy the car before lease end.
  • skoobydooskoobydoo Member Posts: 4
    My vehicle is 41 months old so I can't get the gold-preferred security+plus package that I want.

    I can only get the pre-owned preferred.

    Is anyone fimiliar with this plan and is it worth it? I'll get it from nissanwarrantystore.com.
  • mnguy1mnguy1 Member Posts: 6
    Hello and thanks for the great forum. I am looking of the current lease rates, residual, mf etc. for a 2011 Murano SL.
  • glex1glex1 Member Posts: 76
    Looking for feedback on this deal, 11 SL Murano, 39 month lease, 15k miles, MF is .00148, msrp is 39,700, invoice 36,526 giving me the car for 31,705, payment of 450 with tax included.
    Thanks in advance
    MG
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I'm glad that you like it, mnguy1.

    Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2011 Murano SL AWD with 15,000 miles per year are .00148 and 52%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi glex1. The selling price and money factor that you mentioned look great.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • gatorinmngatorinmn Member Posts: 6
    Hi Car_man,

    I saw your post (#1468) above regarding money factor and residual on the 2011 SL AWD. Are those nationwide rates, or do they vary by region? I am looking for the money factor and residual on a 2011 SL AWD in Minnesota for both 12,000 and 15,000 miles per year on a 36-month lease. Thanks!
  • flcarflcar Member Posts: 5
    Hi glex1,

    Are your numbers correct? Are they really giving you the car for almost $5K below invoice? Is that including the $750 rebate? Where are you located?

    Does anyone have the February Residual and Money factors for a 2011 Murano SL FWD for 36 and 39 months with 12K and 15K miles?

    Anyone have details on the $750 rebate?

    Is anyone else getting this type of discount on a 2011 Murano?

    Thank you.
  • jim_jjim_j Member Posts: 7
    I too would like confirmation on the regionality of the rates. I am in NJ, just got quoted 52% residual on 39mo, 12k/year SL AWD (mf .00148)
    I was quoted 54% on an SV (same terms)

    thanks!
  • glex1glex1 Member Posts: 76
    The numbers are correct and I am in PA. I was being told that it was a very aggresive deal. I actually was able to get a deal a few dollars cheaper then that a month too. The deal was actually for my friend, not me. I think they are trying to get him the car now.
  • kliwkskliwks Member Posts: 2
    My wife and I put a $500 refundable depost on a 2011 Murano LE yesterday. Havent slept since. Here's the deal. Just looking for input on weather I should go through with it or put the brakes on this deal. BTW this is a Lease.

    sticker about $42230
    Invoice about $38300
    Trade in $5800 or $6300 if we bring cash
    Selling price about 37000. Thats invoice minus $750 and $500 cash incentives
    The lease price is $450 39 months including taxes.

    Sorry the prices are not exact but we were there for 4 hours and you know how it goes. Wife is very uncomfortable putting down $6300. Thanks very much for any input. I suck at this process.
  • jim_jjim_j Member Posts: 7
    It unlikely anyone here would recommend putting anything like 6300 down on a lease.

    with cap cost of about 32k (Incl the bank fee, docs, etc), the 450/mo looks quite high, for a car that will have a residual of about 21k. not knowing all the other numbers, I can't see that being more than about 370+tax/mo
This discussion has been closed.