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2013 and earlier Nissan Murano Lease Questions
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This past weekend, I picked up a lease on a 2007 S AWD w/ Convenience Pkg and carpeted floor mats, splash guards, cargo area protector, and roofrail crossbars (basically everything avail for S but tow pkg) for $356/month (+sales tax) and $500 down for 39 months. Basis price was $28,550. Resid value is around $16,700.
They tossed in free car washes for entire lease and free oil changes for 1st year (yeah I know its cheapie stuff for them, but has value to me) and allowed me to transfer my vanity plate instead of getting a random plate. Is this in-line w/ the typical deals or should I be concerned? I'm located in MA and the AWD is really the only choice w/ our typical winters (which we haven't seen yet this year....)
Thanks for the feedback!
mobster75
07 Murano SL AWD- Touring PKG- 36,800
GrossCap Cost: 34,172.43
Invoice Cost: 32,556.43
Residual: 18,778.20
Agreement Value: 33,622.43
Out of pocket: 3,625.00
Payments 379.97 for 39 mths 12k yr.
What I don't get is Under Rent Charge : 1040.00
and Acquistion Fee 550.00
Can anyone explain this - and did I get hosed on the lease?
They threw in the cargo protector and front mats ( Big deal)!
Please advise your thoughts..
However, I now see that Murano's might be had for less than invoice. I'm not sure if I would try to squeeze $200 off the invoice; I 'll just see what happens in Feb.
am getting 12.000/yr. on the Murano. I dont use my car that much.
The car I want is a 2007 Murano SL, FWD with cloth and sunroof package and a couple of small add-ons. The MSRP on this car is $32,860.
I am trading in a car valued at $3,900 as a down payment and it will count for the first month payment and total drive off including all taxes.
The monthly payment offered is $383/month total which includes taxes. It is for a 39 month lease.
That means the total payments and trade in value after 39 months is $18,454. And the residual on the Murano is around 55%, so that value would be $18,073. That adds up to $36,527.
Does this residual math make sense and does this sound like a fair deal or is it high?
Also, any info on current lease factor?
I am seeing Muranos here being had at less than invoice, but my dealer won't go below invoice.
07 Murano SL
MSRP 34000
Zero Down
12K/yr
325/mon
39 Month Lease
Residual 15K
Mine didn't include taxes- I put down 3k. 379.97 a/mth was a sweet deal. I love my truck! :P
Car_man
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You can determine approximately how much it will cost you to get out of your current Murano lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Some very knowledgeable community members frequent that discussion and they are often kind enough to give others their opinion on vehicles' values. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
Car_man
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I see that you are considering trading in your current vehicle when you lease your new one. There's nothing wrong with doing so, but it would be in your best interest to have the dealer that you are working with cut you a check for any equity that you have in your trade rather than using the proceeds from it as a down payment for your lease.
I would be happy to give you my opinion of this deal, but in order for me to do so it would be a big help if you would provide me with this Murano's selling price first. This is a very important number for you as a consumer to know anyhow because the selling prices of leased vehicles are negotiable. Let me know and I'll tell you what I think.
Car_man
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HI......HERE'S THE INFO YOU REQUESTED....
07 MURANO SL WITH :
LEATHER/SUNROOF PKG
CARGO PROTECTOR
ROOF RAIL CROSSBARS
SPLASH GUARDS
SUNROOF WIND DEFLECTOR
MSRP...................................34080
INVOICE/SALES PRICE....................31117
15K MILES PER YEAR
MONEY FACTOR WITH NO SECURITY DEPOSIT .00067
WITH ZERO MONEY OUT OF POCKET
PMT IS 458 FOR 38 MONTHS
IF YOU WANT TO PAY THE UP FRONT FEES.....
600 OUT OF POCKET....
PMT IS 444 FOR 38 MONTHS
WE HAVE MANY COLORS IN STOCK....
LET ME KNOW IF I CAN DO ANYTHING ELSE...
Seems good but I believe the money factor is too high, please let me know what you think! I would be willing to pay the security deposit if it would reduce the money factor.
Thanks
Car_man
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2007 Murano SL AWD w/Touring Pack (no GPS or DVD)
39 month lease w/15k per year.
MSRP: 36,820
Invoice: 33,568
LEV%: 50%
LEV: 18,410
Selling Price: 33,568
Acq Fee: 550
Factor: 0.00052
Payment: 460.80
Out-the-door:
1st pymt 460.80
Sec Dep 0.00
DMV Fees 307.50
Total 768.30
Got the Murano at invoice, no security deposit.
Thank you car_man and everyone else for your help.
This is the quote I've been given from a local dealer (So. Cal):
2007 MURANO SL FWD SUV CVT
BW9-G
MIDNIGHT BLUE, CHARCOAL
Invoice MSRP
BASE $26,945 $29,300
CGO $59 $80
CARGO AREA PROTEC
FLO $69 $90
FLOOR MATS
NAV $1,561 $1,800
NAVIGATION SYSTEM
TR5 $4,381 $5,050
SL TOUR PKG-XM SA
WDF $61 $90
SUNROOF WIND DEFL
50S $0 $0
50 STATE EMISSION
Freight Charge $650 $650
Total $33,726 $37,060
Your price is $34,026. Your lease pricing with $2,500 drive off is $385 plus tax for 39 months.
EDIT: No mileage was mentioned, but I assume 12k/yr.
I've read through the last several pages here to get a general sense of the current leasing prices, but would still appreciate anyone's input on if this is a deal worth pursuing.
Thanks in advance for the help!
Is this good - :confuse:
Murano SL FWD w/ Touring, Navigation Packages
39 month, 15k/year, $2500 drive-off, inc. 1st month
MSRP: 37010, Cost: 32,206
Lease quote: 407 (inc. tax) / month
I'd appreciate any thoughts about this lease!
Thanks!
Invoice Pricing on a 07 Murano SL AWD with touring package and navigation is $34,704
MSRP Pricing is $38,050.
I am looking to lease for 39 months and am looking for 15,000 miles per year, but 12,000 would be fine.
Thanks for all of your help.
Sale Price: $29,000, including tax/lic
Cash Down: $1500
The dealer to payoff my trade-in at $2373
15,000 miles
Residual is $16,573
Monthly payment = $370
i’m located in CT.
2007 Murano S AWD
Convenience package, floor mats, splash guards, rear cargo mat, roof rail crossbars
39 month lease
15k miles per year
$2000 total out of pocket
covered acquisition fee, 1st payment
reg fees, dealer convoy fee, vin # etching
no sec deposit, no last payment
sticker $31,270
cap cost $27,499
lease $299 + tax
interest .00052
residual 52%
dealer said he leased me car at $1204 below invoice ($27,499) but i always find that hard to believe. I’m sure they are making $$ somewhere
let me know what you think of this deal and if you think it is really $1,204 under invoice...
Can you negotiate a lower residual value?
I know that I will be over the allowed mileage so I plan on purchasing the vehicle for the residual value at the end of the lease. A lower residual value price will result in a lesser amount to finance at the end of the lease. With the low interest rate factors being offered (.00052 on the Murano =1.2%) as opposed to financing a used vehicle the increase in payments for the lower residual could be financed at the favorible lease rate.
2007 Nissan Murano
S 4dr SUV AWD (3.5L 6cyl CVT)
MSRP: $31,270
Invoice: $28,690
What Others Are Paying: $30,634
I have 2 months left on my leased Honda Accord $239/mth and dealer has verbally agreed to get me out of it with nothing owed after seeing my current resdidual.
What would be a decent lease agreement with this situation?
I'm anxious to close on this
Thank You!
We have ruled the RDx due to the Turbo, and some poor reviews on the Tiberica. Anyone have throughs on any other vehicles in this price range.
Car_man
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So it looks like you are being sold the Murano that you are interested in for $1,000 over invoice, which isn't bad. Using the prices that you mentioned in your post, an MSRP of $37,060 and a selling price of $34,026, I estimate that your 39 month, 12,000 mile per year, zero down, pre-tax monthly payment should be around $415. I used a money factor of .00033 and a residual value of 50% to arrive at this lease payment.
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Let me know if you have any other questions.
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