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May I ask what your monthly payments were?
MSRP 46,685.00
Selling Price 39,299.00
I need to get as low a payment as possible. I could do 10K miles. The lease could go 48 months if needed. What would it take to get payments under 400.00 if possible? Thanks
Even if your money factor was 0 which is 0% which is not possible since the lowest rate I could find was 0.00188 or ~
4.512%, if you don't put anything down on the lease for 39 mos your payment would still be 421, but once you add in the lease charge (finance charge) it will be in the 500s before tax.
I would recommend getting this excel file to plug in your numbers
http://www.carbuyingtips.com/regm.xls
The part that I know is that for a 2007 SE for 39 mos @ 12K miles the money factor with a security deposit is 0.00188 and the residual is 49% (of MSRP).
Of course you can get your payment below 400 by putting a large amount as a downpayment which people on this forum don't recommend because you can loose all of that money if the car is stolen or totaled in an accident.
That would be awesome if you are able to get that selling price. I don't know if the rebate (3,000) that is available can be used with their lease program. Don't forget that you need to pay the acquisition fee also which is usually added to the selling price.
Hope this helps.
Take care,
Sam,
Car_man
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Car_man
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Let's work up some payments for this truck using the prices that you mentioned in your post and see what we come up with. According to my calculations, if you were to lease a 2006 Nissan Armada LE 4WD with an MSRP of $46,685 and a selling price of $39,299 through NMAC right now for 36 months with 12,000 miles per year (I don't believe that it offers leases with only 10,000 miles per year), your zero down, pre-tax monthly payment would be around a whopping $710. The numbers for an otherwise identical 39 month lease should be $679. The numbers for a 42 month lease would be $663. And the numbers for a 48 month lease would be around $635. Unfortunately, as you can see, you are not going to be able to get anywhere near the $400 per month that you're looking for. You might be able to get closer to that number by leasing a 2007 model, but even then you're still going to be well over $500 a month for an Armada.
Car_man
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2007 4X4 LE with just sunroof option
MSRP $44,000 selling price $38,690 plus tax
2007 4X4 LE tech package with Nav and sunroof
MSRP $48,000 selling price $40,190 plus tax.
I am looking at 39 or 48 month lease for 12K a year and the tax rate is 7% where I live.
Also I would like to pay 1st month and motor vehicle fees upfront, somewhere around $1400-1500
Thanks
2006 Nissan Armada LE 4X4
MSRP 46685.00
Sell 38404.00
39 months
10K miles or 12K if it makes price per month go down.
17K down (trade in)
Thank you very much once again!
There have been a few changes to the above email. I have more accurate numbers. First one is with 17K down (Trade in, paid off) Here we go:
Option 1
2006 Armada LE 4X4
MSRP 46685
Sell 42404
Rebate 4000.00 ( They will give it to me)
Money Factor .00395
Residual 39%
Miles 15K
Term 42 months
Price per month quoted @ 270.65 a month (tax included)
Option 2: This is with 16K down:
2007 Armada LE 4X4
MSRP 48855
Sell 45885
Money Factor .00288
Residual 49%
Miles 15K
39 months
Payments for this one is 352.00 (tax included).
Option 3:
2007 LE 4X4
17K down
MSRP 45,875
Sell 41,741
Money Factor .00203
Residual 49%
39 Months
12K
Payments quoted at 208.65 plus tax. Are any of these even close? What should they be? Thank you so much!
Do these seem accurate? When I use lease guide, these seem high. I have also had two different money factors on 07's.
Option 1
2006 Armada LE 4X4
MSRP 46685
Sell 42404
Rebate 4000.00 ( They will give it to me)
Money Factor .00320
Residual 41%
Miles 12K
Term 39 months
Payments with tax are 210.00 a month with 17K down.
Sound good?
Car_man
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A base 2006 Nissan Armada LE 4WD has a spread of around $3,900 between its full MSRP and its dealer invoice price. On top of that Nissan is providing $4,000 dealer cash on it. That gives you a total of nearly $8,000 to play with, which is right around the discount that you were quoted. This selling price looks very good to me. Nissan is not currently providing any lease support on this truck, but if you want to lease it through NMAC you should still make sure that the dealer uses its buy rate lease money factor of .00295 to calculate your truck's monthly payment.
Car_man
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Whatever you do, don't make a $17,000 down payment on a lease. I probably mentioned this earlier, but it's worth saying again. Consumers who make large down payments on leased vehicles risk losing them if their leased car or truck is totaled in an accident or stolen and never recovered. There's nothing wrong with trading in your current vehicle when you lease your new one, just have the dealer cut you a check for it rather than using the proceeds from it as a down payment for your lease.
Car_man
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MSRP of $48025.00
24-48 month lease
15k per year.
1k total down.
What should I be paying on a lease?
Are the rebates only for a purchase, or can they be applied to a lease?
Car_man
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Can you please tell me if this is a good deal...
2007 Nissan Armada SE
MSRP $36,005
$5,000 total drive off
Lease for 36 months 12k miles/yr
@$299 +tax
Also, if I were to add leather (Not package, they would put in just the leather seats), it would be same above, but @ $395/month. Good deal or not.
Thanks
They said they would do the leather at $5000 total drive off @ $385 including tax...
The MSRP is 56,785 and I have a lease purchase price of $51,533.
Can you give me an idea of the price (pretax) for a 36,39,or 48 month lease (wherever the sweet spot might be)? Also, if it's not too much trouble can you share with me the MF and residual that Infinity is offering on its lease program.
Lastly, in lieu of the "special" Infinity lease program, could I opt to take the $4K lease money and lease from an outside bank instead? What are your thoughts here?
THANKS.
Taysdad
The MSRP of most inventory I have seen is around 42K-44K. How do I know how much leverage I have. I am not familiar with all the terminology but want to have a grasp of how not to be taken advantage of. Female v. male saleman
Can I get into this vehicle with no money down and a payment less then $500 incl. tax?
15k per year lease, 48 months, total walk in cash of $1000.00
Payment of $592.00 (which includes PA 6% tax)
This lease is NOT thru Nissan credit, therefore the rebates can be applied..
Good deal? Can I do better?
You never mentioned the selling price of the Armada that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be glad to give you my opinion of this deal if you let me know what its selling price is.
Car_man
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This truck's 42 month lease program will probably yield the most attractive monthly payment. I will work up a sample lease for you using the prices that you mentioned in your post. According to my calculations, if you were to lease a 2007 Infiniti QX56 4WD that has an MSRP of $56,785 and a selling price of $51,533 through Infiniti Financial Services right now for 42 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $702. If you are able to negotiate a lower selling price than this, your lease payment will drop. I doubt that you would be able to lease this truck for less through an independent bank. I used a money factor of .00124 and a residual value of 46% to calculate the above payment.
Car_man
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You can look up the dealer invoice price of the exact Armada that you are interested in by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. You won't be able to input a VIN and have it spit out a price at you, but you can estimate what the invoice price of the truck that you want is if you have a list of its options. You may be able to get an idea of what sort of price you should pay for the truck that you want right now by visiting the following discussion: "Nissan Armada: Prices Paid & Buying Experience".
If you let me know what the MSRP and approximate selling price are for the exact Armada that you want, I will be happy to use Nissan's current lease program for it to estimate what your monthly payment should be.
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Thanks
John in NJ
I am looking to trade this vehiucle in for an Armada. The last time I switched out my pathfinder they took off 5 months at no charge and $400 damage. Can I expect any type of a deal or should I wait till lease is up.
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I'm interested in leasing the 2008 Armada LE. Could you provide the residual values and money factors for both a 12,000 and 15,000 mile/yr. lease for 36 mos? Thank you.
-LW
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I have an opportunity to lease a 2007 Armada LE. The Vehicles MSRP is $48,195.00 and the selling price is $38,995.00 (I assume I can do a little better on price since this is advertised as an internet special). I would like a 36 or 39 month lease with no money down and taxes rolled-in are Illinois @ 6.75%. Also, the mileage would be 12,000 or 15,000/year. Can you please let me know what I can expect on payments, and If you believe this is a great deal?
Thank you,
Matt
The reason that you are able to take advantage of this huge cash incentive on the Armada that you want to lease is that Nissan is no longer providing lease support on this mode. As a result, if you were to lease one through its captive finance company, NMAC, you would have to use its standard lease program. I would not be surprised if you were able to do better than NMAC's standard program by going through an independent bank.
Let's calculate a couple of lease payments for you using NMAC's program and see what we come up with. According to my calculations, the 36 month, 15,000 mile per year, zero down, pre-tax monthly payment for an '07 Armada LE AWD that has an MSRP of $48,195 and a selling price of $38,995 would currently be around $660. With only 12,000 miles per year, this payment would drop to $648. The 39 month, 15k payment would be $634. Lastly, the 39 month, 12k payment would be $623.
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I'm currently attempting to lease a loaded 08 Armada LE. I've got 3 months left on my current lease on a FX45 and the Infiniti dealer has called offering to terminate the lease if we come in now to get into a new vehicle. We like the QX56, but have determined that we can get a loaded LE that is basically the same as a QX minus a few cosmetic features for about $15K less.
One of the Nissan dealers here in Austin, TX has offered to take us out of the last 3 payments on our lease and give $7500 dollars off the MSRP of $47,975 on the Armada. He is discounting it $3500 and then working it thru an independent bank...US Bank I believe....to be able to also use the current $4000 factory rebate. Nissan Motor Credit will not allow them to use the rebate on a lease...purchase only.
The best 36 month/15K deal he has offered is $755 per month and that is $0 down and TT&L rolled into the lease. I'm having a hard time swallowing this as my current 36/15K lease on the FX that I got three years ago has a payment of $668 per month. The Adjusted Cap Cost on that deal was $51K with a residual of 56%. The Adjusted Cap Cost on the current Armada deal is $43K....a full $8K less than the FX when I did that deal.
He has said that the money factor he has gotten from Nissan-Infiniti Finance is .00170 with a residual of 51% and the US Bank money factor is .00280 with a 48% residual, but they allow the rebate.
Is he shooting me the best deal possible? I just can't imagine that I would have to pay $100 more per month when I'm basically stepping down on the cost of the vehicle.
Thanks,
Kip
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Can you break down your calculation for me on this so that I can take it to the dealer? What residual value and money factors are you using? Is this the standard offering thru NMAC right now? It seems strange since the selling price he is working with is $43K with all TT&L rolled in and $0 down. The dealer said that the independent bank was allowing the rebate thereby lowering the selling price. The independent bank had a lower residual and higher money factor than NILT.
Secondly, do you think it is a better idea to wait until the current lease on our Inifiniti is up in January? Do you believe that in January we will be able to get a better deal on the Armada?
Thanks,
Kip
It has 21,000 miles, and is in great shape.
I am thinking of trading it in and seeing if my dealer, or another Manufacturer, will be willing to pay off the lease balance and get me into a new vehicle without penalties.
Am I crazy or has anyone done this 19 months into a 36 month lease before?Thanks
I got a loaded LE with every option except the DVD Entertainment Package and Moonroof. The reason we didn't go with the DVD package is because I had them add in aftermarket DVD headrest units in the driver and passengers seats. In addition, I also had them include $1400 of after market custom 20" rims to replace the factory ones.
My monthly payment on a 36 month/15K lease is $692 with $0 down at closing and only 1st months payment due. In order to take advantage of the $4000 rebate that was being offered in Oct., they didn't do the lease deal thru Nissan or Infiniti finance, but thru an outside independent bank. This rebate was used to reduce the cap cost on the lease. In addition, they paid the last two lease payments totaling $1,350 on the Inifiniti FX45 that I was driving and turned that car back to Inifiniti.
I feel pretty good about the deal, but probably could have done a little better if I had kept pressing.
I received a deal on a loaded LE with every options except the DVD Entertainment Package for 39,816. I was wandering if you can help me with what my monthly payment would be on a 36 month/15K lease or 12K with $0 down at closing and maybe only 1st months payment due at signing. I was also wandering what financing would you suggest thru Nissan or Infiniti finance, or thru an outside independent bank. By the way, I am in Miami, Florida
Thanks
Stan
MSRP $50,610 incl detination charge, Your $39,816 was $10,794.00 off that price.
That's the best deal I've seen posted here. Like to hear if you bought or leased and the details.
Tom
worth every penny.
good deals to be had.
Sam
Where was the dealer?
Thanks in Advance,
Tom