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2013 and earlier Nissan Sentra Lease Questions
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Invoice MSRP
BASE $15,387 $16,040
FLO $130 $165
MATS W/O DIVIDER
SGD $106 $140
SPLASH GUARDS
Freight Charge $660 $660
Total Invoice: $16,283 MSRP :$17,005
Monthly Payment : $255 including tax ($ 237 BEFORE TAX)
Term : 24 months
Mileage: 12000 miles per year
Lease Rate: 0.00006
Term: 24
Lease Institution: NMACL
Base Monthly Rental: $ 237.29
Use Tax: 7.7500%$ 18.39
M.S.R.P.: $ 17,005.00
Total Monthly Payment: $ 255.68
Mnthy/Ann Expect M: 12,000
Mileage Penalty Rate: $ 0.15
License Fees: $ 171.00
Residual %: 66.00%
Residual Value: $ 11,223.30
CapTax1 Rt/Amt: 7.7500%
Initial Cap Cost: $ 16,283.00
Bank Fee: $ 595.00
Adjusted Cap Cost: $ 16,878.00
Drive Off: $ 483.92
Can you please provide me with the current NMAC lease programs (residuals and money factor rates) on the Nissan Sentra 2.0 S & SL? I'm interested in 24 and 36 month programs with 12 and 15K options. I'm trying to find the best lease deal for my mother. She's always liked Nissan's product but it open to any make at this point. Do you have any recommendations for other vehicle which currently have great lease programs? She's would like to be 250 or under with only her first payment down (adding taxes and fees into the lease). Only vehicle requirement is a height adjustable driver seat and good visibility.
Thank you!
NMAC's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Sentra 2.0 S with an automatic transmission and 15,000 miles per year are .00325 and 65%, respectively. The numbers for an otherwise identical 36 month lease are .00325 and 53%.
As far as similar cars that have better lease programs goes, your mother may want to take a look at the Toyota Corolla, Toyota Matrix, Mazda3, and Volkswagen Jetta. Even the unsupported lease program for the Honda civic isn't too bad.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Nissan sentra...bottom of the line...
24 month lease..18000 miles a year... NO MONEY DOWN,,,$339 per month
how is this
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP - $18785
Negotiated price - $17300 (Includes cost of splash guards, trunk/floor mats)
Residual Rate - 58%
Money Factor - .00062
Down Payment - $1540 (includes all fees, taxes, DMV fees, 1st month payment)
Monthly Payment - $180
Is this a decent deal or can I do better?
Any insight would be much appreciated.
Thx!
Are there similar numbers for the SL trim model?
12k miles
Car_man
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Please let me know if this deal is good.
Nissan Sentra 2010 SR w/ Convenience Package, Floor Mats, Splash Guards
MSRP: $18,840
Sale Price: $18,038
Down Payment: $0 (nothing down, nothing out of pocket)
Money Factor: .00254
Lease Term: 39mths
Res: 64%
Monthly Payment w/ NYS Tax (8.875%) $249.24
As far as the selling price goes, the car that you described probably has a spread of around $1,300 between its full MSRP and its dealer invoice price. That means that the $800 dealer discount that you are being given is probably equivalent to around $500 over invoice. That's not bad, but given the fact that there's some dealer cash floating around out there right now I personally wouldn't be surprised if you were able to shave another couple hundred dollars off of this car's price if you are in an area that has a decent level of competition and have the time to shop around.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I was hoping you could help me find the money factor and lease options for the 2010 Nissan Sentra SE-R and the SE-R Spec V. I was looking for a 39 month lease. What is the range over Dealer invoice I should expect to pay? Any special rebates or incentives I should know about? Thank you so much!
The numbers for an otherwise identical lease of a Sentra SE-R Spec V are .00222 and 59%.
Normally on a Sentra, I would shoot for a selling price of couple hundred dollars over dealer invoice. However, I'm not sure if the fact that you are interested in the SE-R and Spec V alters that. It's possible that they are in shorter supply and demand a premium to what one would have to pay for lower Sentra trim levels. Try stopping by the "Nissan Sentra Prices Paid and Buying Experience" discussion to see if any other community members have purchased similar Sentras lately.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Also I've seen the advertised manufacturer's lease. Is it possible to get a better deal than the $149?
You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. :Let me know if you want something different.
As far as the lease payment that you saw goes. Generally speaking, manufacturers' official advertised payments do usually leave a little meat on the bone so to speak. Savvy consumers who are in an area that has a decent level of competition are usually able to negotiate lower selling prices than the ones that are used to arrive at officially advertised payments.
Having said this, you need to keep in mind that your effective monthly payment will likely actually be higher than the one in the ad. This is because you will have to add sales tax to the payment if your state requires it. Furthermore, consumers usually want better equipped models than the base ones that are advertised. Also, it is in your best interest to go with a zero down lease instead of making the $2,270 capitalized cost reduction that is required to arrive at the payment in the ad.
Car_man
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I'm hoping someone can help me out as I am new to lease negotiations. I am looking to lease a 2010 Nissan Sentra SL for 39 months, 12K, $0 down. The dealer quoted on a car listed online at MSRP $20230 with $1000 rebate, so it's final listing price is $19230. They quoted $278+ tax. Is that a fair price? Any info would be appreciated.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
How are residual values figured out? Are they based on MSRP or actual selling price?
I have a deal on a fully loaded SL for $18,100 (MSRP of approx. $22,300). I'm only putting down enough to cover TTL, so I'm financing the whole $18,100 selling price. Using 36 months, 15k miles/year, 62% res. value and 0.0022 money factor, the difference in payment is $73/month between applying the 62% to the MSRP ($184) and to the selling price ($257) using Edmund's lease calculator. Do these numbers add up? Are these rates current (62%, 0.0022)?
Also, if I decide to buy to buy the car at the end of the lease, how is the selling price determined? Is it the same as the residual value determined at time of purchase? Is that price set in stone or can it be negotiated?
One last question; can the residual value and money factor be negotiated or are those fixed values from Nissan?
Thanks!
Javier S.
This is for 12k miles per year, but I don't drive more than 8k a year. Is it possible to get a lower payment for that low of miles, or is 12k as low as they'll go?
Nissan Motor Acceptance Corp.'s April buy rate lease money factor and residual value for a 36 month lease of a 010 Sentra SL with 15,000 miles per year are .00177 and 61%, respectively.
If the bank that you are leasing through not willing to negotiate your vehicle's end-of-term purchase option price at the end of your lease, and more often than not they aren't, then yes your car's residual value is what it will cost to buy it.
Nissan sets the residual value and buy rate lease money factor for vehicles. Dealers are not allowed to alter vehicles' residual values nor are they allowed to use a lower money factor than the buy rate. Many banks allow dealers to mark up vehicles' money factors to a higher rate to bake additional, hidden, back-end profit into deals. That's why it is important for consumers to find out what the buy rate is for the model that they're interested in prior to committing to lease it.
Car_man
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Nissan is currently providing between $500 and $1,500 in cash incentives on leases of this car. I would be happy to tell you what the exact amount is in your region if you tell me what state you are in.
Car_man
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NMAC charges an acquisition fee and disposition fee on every vehicle that it leases. This money isn't going into the dealer's pocket, it goes straight to NMAC. You cannot have these charges waived. You can either pay the $595 at lease signing or have it added to your car's capitalized cost to bake it into your monthly payment.
Car_man
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Would you be able to provide lease information (money factors and residuals, etc) for both a 2010 Sentra SE-R and a 2011 Sentra SE-R? Thanks in advance! Jay
Jay
NMAC's October buy rate lease money factor and residual value for a 36 month lease of a 2010 Sentra SE-R with 12,000 miles per year are .00127 and 61%, respectively.
The numbers for an otherwise identical lease of a 2011 model are .00194 and 65%.
Nissan is providing a $1,000 cash incentive on leases of the Sentra in select regions.
Car_man
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Do you know if those numbers have changed much just in the last month?
I'm getting wildly differing lease payments from various dealers here in the NY area (Westchester). I'm looking at 2011 Sentra S or SR, midway through November already. 12,000 miles for 39 months. Do they use differing money factors for different models? Thanks in advance!
bridgecross
NMAC's November buy rate lease money factor and residual value for a 36 month lease of a 2011 Sentra S with 15,000 miles per year are .00183 and 62%, respectively.
The numbers for an otherwise identical lease of an '11 Sentra SR are .00183 and 63%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks in advance!
I believe that NMAC's residual values for a lease with only 12,000 miles per year are 2% higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Can you post the MF and residual for a 2011 and 2012 Nissan Sentra SR with the Special Edition package? 36 month and 24 month.
Thanks.
The numbers for an otherwise identical 36 month lease are .00181 and 63%.
The numbers for the 2011 model are .00230 / 58% for 24 months and .00230 / 48% for 36 months.
Car_man
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I am calculating a lease for 36m 12k miles per year with a 65% residual and .00181 money factor.
Based on
MSRP 18750
BASE CAP COST 18000
ADJ CAP COST 18000
RESIDUAL 12188
MONEY FACTOR .00181
36 MON
SALES TAX 7%
DEPRECIATION 5812
FINANCE CHARGE 1967
SALES TAX 545
TOTAL 8324/36 = MONTHLY PAYMENT OF 231.24
Did I do this correct?
Thanks
Car_man
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I'm hoping I can get some comparison info from other people that have recently leased the 2013 Nissan Sentra.
This is the following offer from the dealership:
MSRP - $20,145 (Nissan Sentra SV w/ Driver Package)
Sales Price - $18,108
MD Tax - $1,098
Tags - $272
Dealer Processing - $199
15k miles per year - 36 month lease term
Residual Value - 59%
Money Factor - 0.00043
$1k out of pocket - $225/month.
Is this a good deal?