2014 Nissan Maxima Lease Questions

c_santos · August 2014

New to the whole leasing process. Looking for a little advice. 2014 Maxima SV Sport. 39 month/12k. New Jersey Msrp $37940 Cost $32304 $0 down (Just taxes and fees) What's a target monthly payment? Thank you in advance!

Michaell · August 2014

@c_santos said:
New to the whole leasing process. Looking for a little advice. 2014 Maxima SV Sport. 39 month/12k. New Jersey Msrp $37940 Cost $32304 $0 down (Just taxes and fees) What's a target monthly payment? Thank you in advance!

Residual is 53% and MF is .00003, so with your MSRP and cost I get a pre-tax payment of $340.34.

mac_attack · September 2014

2014 fully loaded Maxima.
Pirce = 37,087, discounted 2,575 = 34,512
Residual = 52.6%
12K miles, 39 months
Not sure of MF
434 month

1) What should MF be?
2) I think the discount of the car should be more, no?

Michaell · September 2014

mac_attack said:
2014 fully loaded Maxima.
Pirce = 37,087, discounted 2,575 = 34,512
Residual = 52.6%
12K miles, 39 months
Not sure of MF
434 month

1) What should MF be?
2) I think the discount of the car should be more, no?

SV Premium is 50% for 39/12 with a MF of .00003

Use the pricing tools at the top of the page to determine your target price. And, read back a page or two in this discussion to see what other folks are getting regarding discounts.

wk89 · September 2014

So I plan on going tomorrow to get a 2014 Nissan Maxima with the Sport & Tech package. I am curious what a good monthly payment would be with nothing down. This will be my first lease.

Michaell · September 2014

wk89 said:
So I plan on going tomorrow to get a 2014 Nissan Maxima with the Sport & Tech package. I am curious what a good monthly payment would be with nothing down. This will be my first lease.

What lease term and how many miles per year?

wk89 · September 2014

Michaell said:

wk89 said:
So I plan on going tomorrow to get a 2014 Nissan Maxima with the Sport & Tech package. I am curious what a good monthly payment would be with nothing down. This will be my first lease.
What lease term and how many miles per year?

39 month and 10k/year

Michaell · September 2014

wk89 said:
So I plan on going tomorrow to get a 2014 Nissan Maxima with the Sport & Tech package. 39 months, 10K miles per year. I am curious what a good monthly payment would be with nothing down. This will be my first lease.

2014 Nissan Maxima Sport - 39/10 - 52% and .00003

wk89 · September 2014

Michaell said:

wk89 said:
So I plan on going tomorrow to get a 2014 Nissan Maxima with the Sport & Tech package. 39 months, 10K miles per year. I am curious what a good monthly payment would be with nothing down. This will be my first lease.
2014 Nissan Maxima Sport - 39/10 - 52% and .00003

Okay, so I went to the dealer and the number I was given is $394/month(includes tax[in NY]) nothing down first month other then dmv bank and 1st month. I believe that equaled roughly $1,100. and it was 39/12.

Michaell · October 2014

wk89 said:

Michaell said:

wk89 said:
So I plan on going tomorrow to get a 2014 Nissan Maxima with the Sport & Tech package. 39 months, 10K miles per year. I am curious what a good monthly payment would be with nothing down. This will be my first lease.
2014 Nissan Maxima Sport - 39/10 - 52% and .00003
Okay, so I went to the dealer and the number I was given is $394/month(includes tax[in NY]) nothing down first month other then dmv bank and 1st month. I believe that equaled roughly $1,100. and it was 39/12.

What is the MSRP and selling price?

jms427 · November 2014

Do you have mf and residual for 2014 maxima sv 36/12

kyfdx · November 2014

jms427 said:
Do you have mf and residual for 2014 maxima sv 36/12

.00003 MF and 51% residual for Base/Sport, 50% residual for Premium

zizo79 · November 2014

Hello guys,

I'm about to sign a l3 year lease (36k), putting $1000 down. Residual is 53%, MF is 0.0003. Trade is a wash. I'm at $325 . FICO 650

This is on a 2014 Maxima S. MSRP $33250 buying it at invoice (not sure what the number is). Link

What do you think?
thanks a lot

kyfdx · November 2014

zizo79 said:
Hello guys,

I'm about to sign a l3 year lease (36k), putting $1000 down. Residual is 53%, MF is 0.0003. Trade is a wash. I'm at $325 . FICO 650

This is on a 2014 Maxima S. MSRP $33250 buying it at invoice (not sure what the number is). Link

What do you think?
thanks a lot

Looks great.. .but, the MF is even lower... .00003 (4 zeroes).

The Maxima is about the best lease deal going..

zizo79 · November 2014

kyfdx said:

zizo79 said:
Hello guys,

I'm about to sign a l3 year lease (36k), putting $1000 down. Residual is 53%, MF is 0.0003. Trade is a wash. I'm at $325 . FICO 650

This is on a 2014 Maxima S. MSRP $33250 buying it at invoice (not sure what the number is). Link

What do you think?
thanks a lot

Looks great.. .but, the MF is even lower... .00003 (4 zeroes).

The Maxima is about the best lease deal going..

you're correct. I forgot a zero,

I got another deal from another dealer:

- 2014 Maxima SV with Sport pkg
- $1000 down
- 12k/ year - 39 months
- No idea what the MF or the residual are (done over the phone)
- $325 a month
- MSRP $36,280

http://rothrocknissan.com/newnissancars/2014_Nissan_Maxima_Allentown_1N4AA5AP9EC442328.aspx

The salesman I spoke to was clueless. I am guessing that without knowing a whole lot about the MF and residual that they're good? What do you think?

ralora · November 2014

What are the November lease #'s for 24, 36 & 48 months with 12k & 15k for a 2014 Maxima 3.5 SW Sedan?

kyfdx · November 2014

ralora said:
What are the November lease #'s for 24, 36 & 48 months with 12k & 15k for a 2014 Maxima 3.5 SW Sedan?

SV Base or Sport:

.00003 MF and 50% residual for 36mo, 15K/yr. 49% residual for 39 months.
Add 1% for 12K/yr.

Those are the only competitive terms, this month.

ralora · November 2014

kyfdx said:

ralora said:
What are the November lease #'s for 24, 36 & 48 months with 12k & 15k for a 2014 Maxima 3.5 SW Sedan?
SV Base or Sport:

.00003 MF and 50% residual for 36mo, 15K/yr. 49% residual for 39 months.
Add 1% for 12K/yr.

Those are the only competitive terms, this month.

Is this correct? Based on MSRP of $37,805 & a Cap Cost of $28,000 and no other fees, for a 39mo/15k payment with 6% tax = $259.02

kyfdx · November 2014

ralora said:

kyfdx said:

ralora said:
What are the November lease #'s for 24, 36 & 48 months with 12k & 15k for a 2014 Maxima 3.5 SW Sedan?
SV Base or Sport:

.00003 MF and 50% residual for 36mo, 15K/yr. 49% residual for 39 months.
Add 1% for 12K/yr.

Those are the only competitive terms, this month.
Is this correct? Based on MSRP of $37,805 & a Cap Cost of $28,000 and no other fees, for a 39mo/15k payment with 6% tax = $259.02

Yes

ralora · November 2014

kyfdx said:

ralora said:
What are the November lease #'s for 24, 36 & 48 months with 12k & 15k for a 2014 Maxima 3.5 SW Sedan?
SV Base or Sport:

.00003 MF and 50% residual for 36mo, 15K/yr. 49% residual for 39 months.
Add 1% for 12K/yr.

Those are the only competitive terms, this month.

Dealer is saying the residual is 48% for 39mo instead of 49%; how can I refute this?

Michaell · November 2014

ralora said:

kyfdx said:

ralora said:
What are the November lease #'s for 24, 36 & 48 months with 12k & 15k for a 2014 Maxima 3.5 SW Sedan?
SV Base or Sport:

.00003 MF and 50% residual for 36mo, 15K/yr. 49% residual for 39 months.
Add 1% for 12K/yr.

Those are the only competitive terms, this month.
Dealer is saying the residual is 48% for 39mo instead of 49%; how can I refute this?

48% is for the SV Premium - make sure you and the dealer are in agreement about the trim level being quoted.

ralora · November 2014

Michaell said:

ralora said:

kyfdx said:

ralora said:
What are the November lease #'s for 24, 36 & 48 months with 12k & 15k for a 2014 Maxima 3.5 SW Sedan?
SV Base or Sport:

.00003 MF and 50% residual for 36mo, 15K/yr. 49% residual for 39 months.
Add 1% for 12K/yr.

Those are the only competitive terms, this month.
Dealer is saying the residual is 48% for 39mo instead of 49%; how can I refute this?

48% is for the SV Premium - make sure you and the dealer are in agreement about the trim level being quoted.

Ok; thanks! Is there a place where I can see this residual values that I can show them?

Michaell · November 2014

ralora said:

Michaell said:

ralora said:

kyfdx said:

ralora said:
What are the November lease #'s for 24, 36 & 48 months with 12k & 15k for a 2014 Maxima 3.5 SW Sedan?
SV Base or Sport:

.00003 MF and 50% residual for 36mo, 15K/yr. 49% residual for 39 months.
Add 1% for 12K/yr.

Those are the only competitive terms, this month.
Dealer is saying the residual is 48% for 39mo instead of 49%; how can I refute this?

48% is for the SV Premium - make sure you and the dealer are in agreement about the trim level being quoted.
Ok; thanks! Is there a place where I can see this residual values that I can show them?

The information we have is not available to the general public.

ralora · December 2014

Are the new December numbers the same for a 3.5 SV Sport 39mo 15k/yr?

kyfdx · December 2014

ralora said:
Are the new December numbers the same for a 3.5 SV Sport 39mo 15k/yr?

.00003 MF and 49% residual

torom · December 2014

Are the Customer Cash Rebate $4,000
Customer Bonus Cash* $500, applicable towards a LEASE? What are the MF and Residual for 24mo & 36mo and 12K miles?

torom · December 2014

oops! S and SV models

Michaell · December 2014

torom said:
Are the Customer Cash Rebate $4,000
Customer Bonus Cash* $500, applicable towards a LEASE? What are the MF and Residual for 24mo & 36mo and 12K miles?

torom said:
oops! S and SV models

.00003 and 51% for 24/12 or 36/12. Subtract 1% for SV trim.

I believe the rebates will work with a lease ... we've seen some incredibly low lease payments for Maximas lately - the only way to get those is to get a hefty discount from sticker.

torom · December 2014

Thanks for the info.
So is the same 51% for 24 and 36 month lease?

Michaell · December 2014

torom said:
Thanks for the info.
So is the same 51% for 24 and 36 month lease?

Yes

jmusignu · December 2014

Michaell said:
I believe the rebates will work with a lease ... we've seen some incredibly low lease payments for Maximas lately - the only way to get those is to get a hefty discount from sticker.

When you say incredibly low, what kind of monthly payments are you thinking of? What would you consider to be an incredibly low payment for an SV Sport with tech package on a 39/12K lease with no money down?

kyfdx · December 2014

jmusignu said:

Michaell said:
I believe the rebates will work with a lease ... we've seen some incredibly low lease payments for Maximas lately - the only way to get those is to get a hefty discount from sticker.
When you say incredibly low, what kind of monthly payments are you thinking of? What would you consider to be an incredibly low payment for an SV Sport with tech package on a 39/12K lease with no money down?

Between $320-$350/mo. for 36 month, 15Kyr leases

wk89 · December 2014

jmusignu said:

Michaell said:
I believe the rebates will work with a lease ... we've seen some incredibly low lease payments for Maximas lately - the only way to get those is to get a hefty discount from sticker.
When you say incredibly low, what kind of monthly payments are you thinking of? What would you consider to be an incredibly low payment for an SV Sport with tech package on a 39/12K lease with no money down?

I ended up paying $399/month for 39/12k with nothing down the $399 includes the tax and tire and rim protection which is $15 a month of that payment. So it basically was $352/month before taxes.

derfson1 · December 2014

IN THE $2999 DOWN MONEY, WHAT IS INCLUDED IN THAT AMOUNT THAT IF YOU DID NOT PUT DOWN MONEY WOULD STILL BE PAID AT SIGNING. FOR INSTANCE 1ST MONEY PAYMENT. I WOULD LIKE TO KNOW WHAT AMOUNT WOULD HAVE TO BE PUT BACK INTO THE FORMULA FOR EVALUATION.

Michaell · December 2014

derfson1 said:
IN THE $2999 DOWN MONEY, WHAT IS INCLUDED IN THAT AMOUNT THAT IF YOU DID NOT PUT DOWN MONEY WOULD STILL BE PAID AT SIGNING. FOR INSTANCE 1ST MONEY PAYMENT. I WOULD LIKE TO KNOW WHAT AMOUNT WOULD HAVE TO BE PUT BACK INTO THE FORMULA FOR EVALUATION.

It depends ... generally, the $2999 is considered "cap cost reduction" or down payment .. all of which is used to lower the monthly payment (about $83/mo on a 36 month lease).

There are other up front costs as well ... first payment, acquisition fee, tags or license, dealer fees.

derfson1 · December 2014

I KNOW THAT THERE ARE OTHER ADDED COST AFTER THE 2999 DOWN BUT THE 2999 IS ALSO MADE UP OF 1ST MONTHS PAYMENT LEAVING 2730 TO BE ADDED BACK IN BUT THERE IS SOME OTHER PAYMENT(S) IN THE 2999 WHICH I AM TRYING TO FIND OUT SO THAT I CAN REFIGURE THE LEASE WITHOUT DOWN MONEY ACCEPT FOR 1ST PAYMENT, BANK ACQUISITION AND DEALER FEES. THAT IS ALL I EVER PUT DOWN AT SIGNING. WHEN I SOLD NISSAN THESE DOWN MONEY LEASES WERE NOT THE THING, BUT IT COULD BE SUGGESTED.

Michaell · December 2014

derfson1 said:
I KNOW THAT THERE ARE OTHER ADDED COST AFTER THE 2999 DOWN BUT THE 2999 IS ALSO MADE UP OF 1ST MONTHS PAYMENT LEAVING 2730 TO BE ADDED BACK IN BUT THERE IS SOME OTHER PAYMENT(S) IN THE 2999 WHICH I AM TRYING TO FIND OUT SO THAT I CAN REFIGURE THE LEASE WITHOUT DOWN MONEY ACCEPT FOR 1ST PAYMENT, BANK ACQUISITION AND DEALER FEES. THAT IS ALL I EVER PUT DOWN AT SIGNING. WHEN I SOLD NISSAN THESE DOWN MONEY LEASES WERE NOT THE THING, BUT IT COULD BE SUGGESTED.

May I make a suggestion ... please disable the CAPS LOCK button. It looks like you are shouting.

Your dealer should be able to provide a complete breakdown of how the $2999 is applied - cap cost reduction, 1st payment, acquisition fee, etc. Some of these you can roll into the lease, others must be paid up front.

amieric · December 2014

Hi - looking at a '14 maxima Sv sport with sport tech package to lease to help absorb some of my negative equity (value on my toyota TANKED) not sure it's a good idea. But willing to hear opinions. What are we looking at for a 48 month lease 10-12k a year?

Any my ideas on helping with my negative? I won't break even until just about I pay the car off

Michaell · December 2014

amieric said:
Hi - looking at a '14 maxima Sv sport with sport tech package to lease to help absorb some of my negative equity (value on my toyota TANKED) not sure it's a good idea. But willing to hear opinions. What are we looking at for a 48 month lease 10-12k a year?

Any my ideas on helping with my negative? I won't break even until just about I pay the car off

48 month lease is not competitive.

39 month numbers are .00003 and 50% for 39/12.

The best way to address the negative equity is to find a car you can lease for a low cap cost relative to MSRP. You can get an Accord for under invoice, for example.

Every $1000 of negative equity will add about $28/mo on a 36 month lease.

I would recommend you check the "real World Trade in Values" discussion to see exactly how muh negative equity you have.

amieric · December 2014

Thank you! I am a little ignorant toward the leasing; what exactly do you mean low cap cost toward the MSRP? I don't mind a higher payment to rid myself of this trap im in (within reason! Lol). I maintain about a 10k negative - As I pay my loan down my value goes down more. Can't even catch up.

Michaell · December 2014

amieric said:
Thank you! I am a little ignorant toward the leasing; what exactly do you mean low cap cost toward the MSRP? I don't mind a higher payment to rid myself of this trap im in (within reason! Lol). I maintain about a 10k negative - As I pay my loan down my value goes down more. Can't even catch up.

The best way to get a low lease payment is to find a car with a high residual but a low selling price.

Lots of articles here at edmunds on the topic; use the "Car Research" tab to link to them.

statepgm · December 2014

Intrigued by the deals people are getting, I reached out to a couple of FL Nissan dealers. Two have come back essentially saying that the $4500 bonus cash is for purchase only, and that leases only have a $1950 incentive against them.

Anyone else heard the same?

Michaell · December 2014

statepgm said:
Intrigued by the deals people are getting, I reached out to a couple of FL Nissan dealers. Two have come back essentially saying that the $4500 bonus cash is for purchase only, and that leases only have a $1950 incentive against them.

Anyone else heard the same?

We don't show any lease cash for Nissan .. use the "Car Research" tab at the top of the page to get the current incentives.

statepgm · December 2014

Michaell said:

statepgm said:
Intrigued by the deals people are getting, I reached out to a couple of FL Nissan dealers. Two have come back essentially saying that the $4500 bonus cash is for purchase only, and that leases only have a $1950 incentive against them.

Anyone else heard the same?
We don't show any lease cash for Nissan .. use the "Car Research" tab at the top of the page to get the current incentives.

Ok, so this previous info (below) may not be correct, or maybe has just changed in the last couple of weeks?

To get to the $320-$350 number kyfdx referenced above, the sale price for a SV Sport + Tech has to be down around 31k for a 38.5k MSRP. The difference in what I'm getting back (~33.5k) and that 31k number is basically the difference in 4.5k bonus cash and the $1950 bonus cash they are saying is available.

Michaell said:

torom said:
Are the Customer Cash Rebate $4,000
Customer Bonus Cash* $500, applicable towards a LEASE? What are the MF and Residual for 24mo & 36mo and 12K miles?

torom said:
oops! S and SV models
I believe the rebates will work with a lease ... we've seen some incredibly low lease payments for Maximas lately - the only way to get those is to get a hefty discount from sticker.

Michaell · December 2014

statepgm said:

Michaell said:

statepgm said:
Intrigued by the deals people are getting, I reached out to a couple of FL Nissan dealers. Two have come back essentially saying that the $4500 bonus cash is for purchase only, and that leases only have a $1950 incentive against them.

Anyone else heard the same?
We don't show any lease cash for Nissan .. use the "Car Research" tab at the top of the page to get the current incentives.
Ok, so this previous info (below) may not be correct, or maybe has just changed in the last couple of weeks?

To get to the $320-$350 number kyfdx referenced above, the sale price for a SV Sport + Tech has to be down around 31k for a 38.5k MSRP. The difference in what I'm getting back (~33.5k) and that 31k number is basically the difference in 4.5k bonus cash and the $1950 bonus cash they are saying is available.
Michaell said:

torom said:
Are the Customer Cash Rebate $4,000
Customer Bonus Cash* $500, applicable towards a LEASE? What are the MF and Residual for 24mo & 36mo and 12K miles?

torom said:
oops! S and SV models
I believe the rebates will work with a lease ... we've seen some incredibly low lease payments for Maximas lately - the only way to get those is to get a hefty discount from sticker.

Lease cash is factory to dealer incentives; the dealer can choose to pass it along to the customer. Rebates are factory to customer incentives that you are fully entitled to.

mk_shift · December 2014

Can anyone give me a ball park of what lease payment I should expect for a Nissan Maxima SV with Premium and Tech Package, 12k miles/ 39 months, 0 down, Long Island has the worst dealers and I'm dreading this trip... Also does anyone have the MF and Residual for that trim?

wk89 · December 2014

mk_shift said:
Can anyone give me a ball park of what lease payment I should expect for a Nissan Maxima SV with Premium and Tech Package, 12k miles/ 39 months, 0 down, Long Island has the worst dealers and I'm dreading this trip... Also does anyone have the MF and Residual for that trim?

Go to Legend Nissan in Syosset (I saw Joel) I had great success there. I don't know what the payment would be for that set up though its different then what I have.

Michaell · December 2014

mk_shift said:
Can anyone give me a ball park of what lease payment I should expect for a Nissan Maxima SV with Premium and Tech Package, 12k miles/ 39 months, 0 down, Long Island has the worst dealers and I'm dreading this trip... Also does anyone have the MF and Residual for that trim?

49% and .00003.

statepgm · December 2014

Michaell said:

Lease cash is factory to dealer incentives; the dealer can choose to pass it along to the customer. Rebates are factory to customer incentives that you are fully entitled to.

Ok, so I think I'm getting there. Just not 100% sure I'm translating "lease cash" and "rebate" correctly to the language used in the Edmunds incentive research tab.

On the Incentives tab for the Maxima SV there is a "Customer $ Offer" and a "Leasing" incentive showing available. The "$ Offer" of $4500 is qualified with "available toward retail purchases". In this case, does that actually mean buy, not lease? Or is "$ Offer" a "rebate" that I'm entitled to regardless of purchase or lease?

If it's for purchase only, than the "Leasing" incentive of $1925 is the only incentive towards a Maxima SV lease?

Michaell · December 2014

statepgm said:

Michaell said:

Lease cash is factory to dealer incentives; the dealer can choose to pass it along to the customer. Rebates are factory to customer incentives that you are fully entitled to.
Ok, so I think I'm getting there. Just not 100% sure I'm translating "lease cash" and "rebate" correctly to the language used in the Edmunds incentive research tab.

On the Incentives tab for the Maxima SV there is a "Customer $ Offer" and a "Leasing" incentive showing available. The "$ Offer" of $4500 is qualified with "available toward retail purchases". In this case, does that actually mean buy, not lease? Or is "$ Offer" a "rebate" that I'm entitled to regardless of purchase or lease?

If it's for purchase only, than the "Leasing" incentive of $1925 is the only incentive towards a Maxima SV lease?

available for retail purchases is the key phrase - that excludes leasing, in my opinion.

2014 Nissan Maxima Lease Questions

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