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2013 and earlier Nissan Murano Lease Questions
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Comments
Thanks again Jim.
We are planning to lease a new (2011) Murano with SL Trim - we want to add Navigation and Entertainment System too. My guess is estimated net cap cost will be from 38500-39000; is there any space for negotiating? or this price is pretty much the same thru out all dealership?
One more thing, how/where can I find out residual and Money factor for this car?
Thanks in advance!
We want to lease new (2011) Murano SL Trim - with Navigation and Entertainment System.
So far I got a quote; zero down and 565/month for 12k miles.
Is this number good or at least in the range?
Where can I find out residual value and Money factor for this car?
Thanks
I actually prefer the 2010 Murano over the 2011.
Any idea on what kind of discounts I should get since the 2011's are out?
I am looking to lease. Anyone have recent experience leasing a 2010? Any info on the residual and money factor for a 2010? I believe there is $2500 lease cash available? If one can get about $5000 off on a 2011, I am assuming there has to be a much larger discount on a 2010?
The residual value for a lease with only 12,000 miles per year is 2% higher.
Car_man
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If I was in the market for a Murano right now, I personally would shoot for a selling price of around $500 over dealer invoice minus any available cash incentives.
Car_man
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Nissan Murano SL SL, MSRP 38,062 and selling price of 35,250 (rebates and discounting)
Lease price would be $369/mo for 39 months
Or SV, MSRP 34,750 and selling price of 32,250 (rebates and discounting)
lease price of $325/mo for 39 months.
Thoughts?
New to the site, wife is looking at 2011 Murano SL AWD. We got a quote from a dealer here in CT for 35,971.00 Looking to lease, do you know what the April money factor and residual value for 36 months 12,000 and 15,000 miles. Thanks
She said residual was 54%. How much do you think I can lower that payment to? Do you think getting a 35K or 36K MSRP base would be a good deal? Thanks!
Car_man
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The residual value for a lease with only 12,000 miles per year would be 2% higher.
Car_man
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my local nissan dealer told me that for a 12k mile per year lease the
residual would only be 1% higher.
This was for a 2011 Murano SL FWD
I showed them your forum and they told me you were wrong and that it is not 2% but a 1% increase.
Is there any way to verify this info?
Can the dealer control the residual?
That confirmed the information they gave me. I actually got a great deal as they sold it to me for $38K plus TTL and nissan's lease processing fee of $500. I've had the car for a close to a month and I LOVE IT! It drives really smooth even with the 20'rims.
Do you have any input on this?
my local nissan dealer told me that for a 12k mile per year lease the
residual would only be 1% higher than the residual for a 15K per year lease.
This was for a 2011 Murano SL FWD for a 39 month lease.
I showed them your forum and they told me you were incorrect and that it is only a 1% increase and not 2%.
Is there any way to verify this info?
Can the dealer control the residual?
Car_man
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Car_man
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Thank you for looking into this for me.
Everywhere I look online I find that there should be a 2% increase in residual to go from 15K miles to 12K miles on 39 month lease but the dealer insists its only 1%.
I asked to see it in writing but they told me they do not have it in writing.
Can the dealer control the residual or is it set by NMAC?
How can we verify this?
Car_man
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I personally would not have any problem going with a 39 month lease of this car. I actually have leased a Nissan for 39 months before. NMAC's numbers for 39 months are .00041 and 49%.
Car_man
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We are in a 2009 Murano SL AWD lease for another 11 months yet and recently we got a letter from Nissan regarding the Bottom Line Sales Event and Lease Loyalty promotion.
Basically they we would turn our car in early, they would take care of the remaining payments, and if we lease another Nissan they'd waive $500 in ware and tear and we'd theoretically lease a new Murano for less than what we're paying now.
I contacted the dealer here at Somerset Nissan in Somerville NJ and he offered this deal (response via e-mail):
"HI **** - Thanks for your e-mail inquiry on the new Murano.This Lease Loyalty Program Nissan has going on now is pretty amazing. The deal on a 2011 Murano S AWD is as follows.Allowing 15000 miles per year which is what you have now...With the same amount of money out of pocket as last time ( $3000 )..The new payment is $378.58..The best part is your last 11 payments of 385.79 ( total 4243.69 ) are paid by us.Inventories are limited so let me know as soon as you can.Thanks again for the opportunity to serve you again. Regards, ********* leasing mgr"
I am in an SL now and paying $385 - this doesn't sound like such a good deal - especially since this car is under my wife's name and her credit score has gone way up since. He's also quoting an S and I currently have an SL.
I am also considering not putting any money down - how can I figure out what the payments would be on this w/ 0 down (I would need the NMAC money factor for August and the residual?)
2011 Nissan Murano SL AWD
Navigation package
Entertainment Package
Factory Invoice: $39,084 (base + options + regional ad + destination)
My Price: $36,284 (includes -$1,800 from dealer and -$1,000 incentive)
39 months
15,000 miles
This from TrueCar and another local dealer offer.
Thanks for the help in advance.
John
Call NMAC and ask what the early termination cost of your lease is. They will give you a number good for two weeks. Although conventional wisdom is that it is expensive to get out of a lease, I had 4 months left on mine and the buyout is $36.00 effectively waiving the payments. They have some formula where they take the wholesale value of the car and apply it to the lease buyout (payments left plus residual I think). If you chose this option then someone will come and inspect after you agree to the buyout and you'll be on the hook for any damage.
To lease a new murano they are currently offering the following: $2500 loyalty cash, 750 lease cash and $500 bonus if you lease one with Non-navigation. So that comes off whatever the selling price of the car is.
Go on here and get the invoice, there's about $225 in marketing added to the invoice not showing up on here and work on the price from there with the dealer.
I did a calculation as follows.
SL, no nav, 12k year:
MSRP: 39530
Selling price 36400 ( i usually get invoice at my dealer as i've leased 8-9 cars from them)
Acquisiton fee: $595
Reductions : $3750 (nissan incentives, take out $500 for nav)
MF .00041
Resid 50% (49% if 15k) carman can confirm.
Monthly base plus finance= payment of about $368/month
You will still have taxes and fees to deal with either inside the lease or up front.
General thoughts on what you were quoted is that the dealer called nissan to get the buyout on this car (which you should do) and found it to be low in comparison to the fair market value of the car. He's going to buy it out, and stick it on the lot and make a killing. You don't qualify for the pull ahead because you are too far out and he's saying that to make you think it's a special one time offer. He's making you think he's taking a hit on your payments, but he's plowing that number right back into the S quote he gave you as the advertised price for that deal is much much lower and that has the car at msrp.
I doubt you will get your payment the same w/o money out of pocket because the MSRP on the sl is about 2-3k more now then in 09.
Good luck
I got the payoff quote for my 09 Murano, it's $19,709... and the certified used price for this vehicle is $24,995, so you're right, he's gonna put it on the lot and make over $5,200 on it.
Having a little trouble calculating lease prices here while using the edmunds lease calculating formula.
For example:
2011 SL AWD
$38,810 sticker x .50% = $19,405 residual
$33,205 my price - $19,405 res = $13,800 / 36 (term) = $383.33 payments
for the interest:
$33,205 my price + $19,405 res = $52,610 x .0041 = $215.70 interest
$383.33 payments + $215 interest = $599.03 (without taxes)
Did I get this right? Seems high even for no money down.
NJ taxes are 7%, so add $41.93 and it comes out to $640.96
Another question:
What is the minimum I will have to pay out of pocket - 'drive off fees'
I take it this could be:
documentation, dmv, reg, title, license - do these usually add up to about $1,000? And the tax I can pay in the lease price or upfront I take it.
John
your first problem is the money factor is .00041, not .0041--big difference.
your second problem is your adding the residual onto the cap cost of the car and figuring the interest on that. you only pay interest on what you use (cap- residual)
Fix those two things and see what you get.
But, yeah... the big mistake was the missing zero in the money factor... that will reduce the finance charge to about 10% of the amount calculated...
regards,
kyfdx
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going back to this deal, you should ask NMAC what your early termination quote number is in addition to the buyout.
Thoughts on my situation?
I take it it will be much less closer to the end of my lease.
One thing I am worried about is the mileage.
I did some calculations and at our current rate we will go over about 10,000 miles, and I take it they charge $0.15 per mile over so that's $1,500 for the extra miles, yikes.
What if I turn it in early, before I go over on the miles, and pay little in termination fee. I know I'll be on the hook for any damages, but the car is in good condition.
John
Needless to say I was skeptical and really didn't want to go and waste an afternoon at a car dealership. After all, I still had a year left on the 2009 lease. Well, to my surprise, on Friday, I drove away in a brand new 2011 LE with Navigation (my 2009 was non-navigation) and my payments are the same as my current lease. And I paid nothing up front except the first month's lease payment. The new Murano listed for $43,415 and I leased it for $536/mo. at 12K miles/yr. It probably helped that my 2009 Murano had only 25K miles and was in perfect condition. Even though I lease cars, I am as meticulous with them as I would be if I owned them.
What made the deal sweeter was that I was probably going to buy a new set of tires for my 2009 before I went on a Christmas trip this December. The best out-the-door price I found on the 20-inchers was just under $1,400. Since they took my 2009 in on trade, nothing was said about my tires and no mention was made of any early out penalty. I guess Nissan has a lot of Muranos sitting on lots nowadays. So, if you are considering leasing or buying a new Murano, I think now is the time to do it.
Can you tell me the NMAC money facors and residuals for a 39 month lease on a 2011 Murano SL AWD and also on an LE AWD.
Also do NMAC accept Multiple Security deposits to reduce the monbey factor hte same as Infinity do. If so how do they work.
Thanks
Are the 2500 loyalty cash, 750 lease cash and 500 lease no Nav. still in effect?
The numbers for an otherwise identical lease of an '11 Murano LE AWD are .00210 and 44%.
I don't believe that NMAC accepts MSDs for Nissan division vehicles, but it wouldn't hurt to ask.
Car_man
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1. Share their end of lease buy-out price
2. Consider selling it to me for the end of lease buy-out + 5%?
It would be a win-win as odds are it is a reasonable price for me, and you make 5% of the buy-out price for just some paper work! BTW - I live in Calgary, Alberta, so if you'd need to be in the region.
Car_man
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Do you know latest (December) MF and resid. for LE AWD, 10K, 36 mo?
Also, any incentives?
Regards.
In the Eastern half of the U.S. Nissan is providing a $725 cash incentive on leases of this vehicle.
Car_man
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could you please tell me the Dec money factor and residual for a 15,000 mile lease on a 2011 Murano LE AWD no Nav
Im'm looking to make a deal tomorrow while the incentives are on
Thanks so much!
Do you know the January money factor and residual for Murano SL 36 month 10,000 mile lease?
Are there any cash incentives?
Thanks
Edumund's states that incentives and rebates for a 2011 Murano SV include customer cash of $2,500 and a leasing bonus of $1,700 for a total of $4,200. The dealers in my area say that the incentives are only $3,700. Can you explain the $500 discrepancy? Thanks.
Nissan is providing a cash incentive on leases of this truck in certain states. What state are you in? Let me know and I'll tell you if there's any cash in your area.
Car_man
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Car_man
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I am in Decatur IL.
with 10,000 miles for 36 months. Do you now the Feb money factor and residual?
Also I believe there is a $1500 rebate until feb 29
Thanks in advance
NMAC Lease Money Factor and residual value for a 2012 Nissan Murano SL AWD 36 months 15,000 miles?
Thanks!
Car_man
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