2013 and earlier Nissan Murano Lease Questions

reddog522

Out of curiosity, was this LI... and if so what dealer?

that money factor is essentially <1% which is great, the residual is a little low compared to other cars. I am looking at the pilot as well.

It sounds like a good deal, what is invoice for the car? I always pull the CR new car report, just to be sure of invoice prices.

reddog522

I basically got the dealer to offer me today...

Murano SL w/Sirius Touring
Selling price 32869
50% - Residual
.00024 - Money factor
2385 down, acq fee, tax and first month

$383/month

Can anyone comment on that deal?

Thanks.

CarMan@Edmunds

Hi bots. The dealer invoice price of the Murano that you described is currently around $33,500. That puts the selling price that you were quoted at less than $1,000 over invoice, isn't "the best deal in history" but is pretty good. You may want to stop by the following discussion to compare the price that you are being given to what other community members have paid for similar trucks lately: "Nissan Murano: Prices Paid & Buying Experience". If you decide to go ahead with this offer make sure that the dealer you are working with uses Nissan Motor Acceptance Corp.'s current buy rate lease money factor of .00024 to calculate your monthly payment.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Hey flightnurse and bots. Nissan Motor Acceptance Corp's residual values for 12,000 mile per year leases are 1% higher than its residuals for 15,000 mile per year leases. This is less than the 2% difference that most other other banks use, but changing from 15k to 12k would still lower one's payment slightly.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Hello j_man. You were smart to get the dealer that you are working with to quote you the selling price of the Murano that you are interested in. The dealer invoice price of a 2007 Nissan Murano SL AWD with the Touring Package is around $33,500. If that is the invoice price of the model that you are interested in, then the selling price that you were quoted is around $600 over invoice...which is pretty good. Make sure that the dealer you are working with uses Nissan Motor Acceptance Corp.'s current buy rate lease money factor of .00024 to calculate this truck's monthly payment and you're in business.

There's nothing wrong with trading in your Infiniti when leasing a Murano. Having said this, 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 always advise consumers against making large down payments when leasing because those who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Hello mickeyrickey. You never mentioned the selling price or MSRP of the Murano that you are interested in leasing. These are important numbers 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 this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be glad to give you my opinion of this deal if you let me know what these numbers are. For now I can tell you that the money factor that you were quoted is right in line with Nissan's current buy rate for this model.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

You've definitely come to the right place, piterburg. Nissan Motor Acceptance Corp. charges an acquisition fee of $595 on every vehicle that it leases. It also used to charge a security deposit that is equivalent to vehicles' monthly payments rounded up to the nearest $25 increment on leases, but I have seen the security deposit being waived on most leases lately. Consumers can opt to have their vehicle's security deposit waived in exchange for an increase of .00015 in the money factor that is used to calculate their car or truck's monthly payment. I'm not sure if NMAC charges a disposition fee, but I don't recall ever seeing one being mentioned.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Hey piterburg. The selling price that you were quoted for this Murano looks very attractive to me. Furthermore, the money factor that is being used to calculate your monthly payment is right in line with Nissan's buy rate. If you like the truck, go for it because this looks like a very good deal.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Congratulations on getting your new truck argot23. The selling price that you were given for your Murano looks very good to me. I personally would have advised you not to use the proceeds from your trade as a down payment for your lease because you could very possibly lose that money if your vehicle is totaled in an accident or is stolen, but that does not make this a bad deal. It actually looks pretty good. Enjoy your new ride!

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Hi reddog522. The money factor and residual value that you were quoted for this lease are right in line with Nissan's current program for it. This is always s good thing. It is difficult for me to give you my opinion of the selling price that you were quoted without knowing what this vehicle's MSRP or even better its dealer invoice price are. Let me know what one of these numbers is and I will be happy to tell you what I think.

Car_man
Host
Prices Paid Forum

jrich24

Hi all,

I lease an '04 G35 Sedan with 5 months left on the lease. Do you think a Nissan dealer would take over my lease now if I leased an '07 Murano S from them?
And is it possible to lease the Murano S for say... 309/month without putting 2 or 3k down?

Also, I should probably mention that Im at my mileage limit right now with the G35.

Thanks,
-Jason

murowner

I signed a lease for a 2007 Murano SL AWD with Touring Package today, and now I am thinking that the dealer micalculated the lease payments.

MSRP: 36,685
The dealer kept talking about the monthly payment, but I forced them to agree with me on a selling price first, which I got them to agree to $29,000. They wrote this down on paper too. Shame on me for not following the calculations step by step.

The deal was for
39 months
Residual = 50%
Money factor = .0023
No money down, since I traded in my old car for $10,000

Payments = $245/month (I took the gap insurance for $5/month)

When I plugged this in on the Nissan payment estimator website, a selling price of the MSRP got me to $240/month! If I entered in 29,000 as the selling price, it actually said that I couldn't put down more than $8410! And when I put that down, the monthly payment was $92!

Did I make a horrible mistake and get suckered in to paying the list price here? This newbie would really appreciate help from one of the experts out there, so I can quickly go back to the dealer and redress!

Thanks in advance!!

I plugges in these numbers

reddog522

It seems to me that you got the deal of a life time. I think paying 29,000 for the SL AWD Touring is a miracle, I have gotten them down to 32920.... and I believe that is under invoice.... I got them to quote me a monthly payment at it was at $400 for 12K. If that is the offer, #1 I hope you signed it, and didn't put any money down, and #2 tell the rest of us where it was!

clo123

I've visited only one dealership so far to lease an '07 Murano. I asked for both purchase and lease prices and this is what they offered on car I liked: It is an SL 4dr SUV with SL Touring Package, Splash Guards, Carpeted Mats, Roof Rails and Sunroof Wind Deflector. The MSRP on this SUV is $35,463. They offered to sell it to me for $31,999 plus Tag, Title, Dealer fees = $35,608. Financing is good (.7% for 36 mo., 3.9% for up to 60 months) but I really want to lease the car. They offered: Lease for 39 months with 15,000 miles, no money down for $459 per month plus tax = $488 per month. Residual after 39 months = $17,284. Is this a good lease deal? The lease on my current SUV ends May 29, so I'm pressed for time. But if I can do better, I'll ask for better price or try the two other Nissan dealerships in this area (Central Florida). So, what do you think? Thanks for your help.

dealseeker8

What should I expect for a 07 Murano SL 2WD with leather and DVD - MSRP of 34475. Have not received purchase price yet but would like to lease 39-42 month 12K mile. What should I call a deal? Should I expect to pay the full tax on a new car to the dealer? I am seeing this in quotes.

forman350

Hello-

Here is the deal I received for the Murano SL with Touring package. 3k down, 39 months, 12k miles per year, $360 per month. 50% residual, buy back is $18,410, cap cost is $700.00, Cap Cost Gross is around $32,600, NO trade in. 3k down is inclusive. Please tell me how this sounds. PLUS NY DMV FEES.

addiem

The lease is up on my '04 murano in early Nov. It's a 39k lease and I only have about 19k on my vehicle (I only drive 4 miles each way to work). My current lease payments are a ridiculous $118 a month as i traded in my 2000 subaru forester (looking back, i shouldn't have done this, but i was green to the lease experience).

I just received my first renewal package from Nissan. I'm pondering my choices - while I enjoy my current vehicle, the features (like the back up camera) on the 2007 Murano are very appealing... I'm thinking that by the time Sept-Oct-Nov rolls around, there will be some good deals on the 2007s?

i think the payments on a new car are going to be about the same as what the payments would be if i buy out the my current car.

any body else have any thoughts?

clo123

I posted a question about a lease deal, but haven't gotten any replies. Anyone? It's for a Murano SL with Touring Package, Splash Guards, Carpeted Mats,and Sunroof Wind Deflector. MSRP is $35,463 with selling price $31,999 (plus tag, taxes, fees.) The lease is for 39 months with 15,000 miles, no money down, $459 per month plus tax = $488 per month. Residual $17,284. Is this a good lease deal or should I shop some more? I must decide this week. Thanks for any input.

reddog22

Did you put that all into the lease calculators?

What is the money factor? 459 sounds high to me.

My numbers look like this:
MSRP: 36920
Sell: 32869
39 Months, 12K (he mentioned if I went to 15K it would be about $15 per month more)
MF:.00024
Res: 50% (18460)
$381

Does that help, you need the MF. and anyone can figure out if he is messing with the numbers.

jsdilops

Hi all,
I'm looking for a lease on a 2007 Murano SL 2WD with Premium pkg and mats (P01, L92), total MSRP inc. destination 31755, Invoice is 29206. What would be the residual and MF for a 39-month 15k/year lease? I'm in south Florida (not sure if that matters). I believe the residual for 12k/y would be 1% above, If I later change my mind about it.

I was looking through this forum and couldn't find the exact numbers, at least not for this month.
Some people say MF is 0.00024, but there was somebody saying 0.00023.
Thanks

clo123

Thank you very much. Unfortunately, I do not know the money factor. How could I find that out? When I did the lease calculator (using residual number dealer gave me), the payment came out to $518... so I obviously messed up. Any further help would really be appreciated.

jsdilops

I can calculate the MF for you if you give me the total capitalized cost (you need two parts of the equation to figure out the third one). Also, your residual (or looks weird, it gives 48.xx %, when it should be a round number (49, 50, etc), or it might be the MSRP is wrong, is destination included there?.

clo123

Thank you. The residual should be 49%, so number might have been wrong. As for cap cost, dealer said he was giving me a $2,464 discount plus the $1,000 incentive. Using that, I tried the lease calculator and came up with about what he told me... but a competitor just called me with same car, options, etc. and a $406.57 lease plus taxes = $433.37. Guess it really helps to research. This site has been big help.

jsdilops

I don't think they can give you the $1000 on a lease. But, back to the numbers, if residual is 49% (I'm still waiting a confirmation from Car_man or somebody else), it should be 17376, or MSRP is not 35463. But, if assuming is so, then 407 is what a lease calculator says you should pay for a 31999 selling price (407 before tax), so I believe you're close to a good deal. You haven't said what the invoice is for that model. What don't you configure your car in edmunds.com with the options and get those numbers before you go to the dealership?

jsdilops

About 100 over invoice will be a good price. Enter your trim, pkgs and options in edmunds.com till you get that MSRP and then you will get the invoice.
The tax on a lease is calculated after you got the base monthly payment without tax. Strictly speaking the answer is NO, you don't pay the full tax.

forman350

Just picked up the Murano SL AWD with Touring package today. Here is the deal I got: 39 months, 12k a year, 3,000 down,plus DMV fees, 360/month. cap cost was $700.00 Gross cap cost is $32650, residual is $18,410. This is the best deal I could work out after getting quotes with the same out of pocket numbers. I got quotes over 400 for this car so I think I did ok. anyone else out there able to get this for less or around the same. My touring package also came with the wind deflector, carpet mats, splash guards, cargo net, etc. After going to so many dealers, I realized when you order the touring package the car basically is shipped with these other extras so you have to take it with it if you are getting the touring package. In my book, this is the best deal to get if you are going to get the murano. The SL AWD with touring is loaded and if you decide to buy instead of leasing, you can prob get it for around 32k'sh plus the tax and your states dmv fees. Great value for a 36k car. Dont go for the S or the SE models. The SL AWD has everything you need and the touring gets you even more. Def worth it.

jsdilops

Here are my numbers:
Murano SL 2WD
G04 SL Touring Package
R92 Roof Rail Crossbars
M94 SE & SL Splash Guards (Set of 4)
L92 Carpeted Floor Mats
S92 Sunroof Wind Deflector
N93 Cargo Area Protector
MSRP 35300 Invoice 32223
39 Months lease, 15000 miles per year
MF is 0.00024, residual for 15k/y is 49% (17297)
I got it for 32000 (223 below invoice, with no dealer fee)
Sign'n'Drive (0 down, 0 inception) was 431.15 pre-tax, 461.33 with 7% tax (miami, fl)

j12

Sounds like a good deal jsdilops I am in Miami also and looking for the same car. What dealer did you go to?
Thanks.

jsdilops

Bill Saidle's
I got a very good quote from Coral Springs too.
100 over invoice with no dealer fee is already a good deal, I got lucky because they didn't have the color I was looking for and they offer me a discount on my seconds choice when I tried to leave.
You can look up their inventory for a color they don't have and ask for that one :-)
I got quotes from 8 dealers, most of them for about 500 over invoice with no dealer fee. The worse quotes were from Ft. Lauderdale Nissan and Maroonee Nissan of Miami. Today is the last day of the month, so I would go today.

j12

That is way too funny that is the dealer I got the best quote from. Well I see that I can lower it a little more.
Thanks.

j12

Hello all, I got what I think is a good deal. Apparently there is a better money factor for people who have financed with NMAC before of (0.00024)

Here are my numbers:
Murano SL 2WD
SL Touring Package
Roof Rail Crossbars
SE & SL Splash Guards (Set of 4)
Carpeted Floor Mats
Sunroof Wind Deflector
Cargo Area Protector
MSRP 35300 Invoice 32223
39 Months lease, 15000 miles per year
MF is 0.00036, residual for 15k/y is 49% (17297)
I got it for 32385 (162 over invoice, with no dealer fee) plus 595 for acquisition fee. Paid 613.42 at inception (for tax,tag,title & first payment) Mo Payment 421.74 , 451.26 with 7% tax (miami, fl)

xxjojoxx

Hi All!

This is my first lease & I would like to know exactly what numbers I need to ask for when I hit the dealer. I am residing in Brooklyn, NY and close to Bay Ridge Nissan. (if anyone has an opinion to offer regarding that dealership.. please do so). I'm looking for an 07 SL AWD with touring, Navi, Premium pkg, leather & sunroof pkg. If you have some numbers to start me off with.. I would greatly appreciate it. Many Thanks

forman350

I can give you an exact referral. I just leased the same car except without the Navi. Go to Advantage Nissan in Westbury, Long Island. I priced out the car at Bay Ridge and they wanted $380/month with 3k down. I got a great deal at Advantage. 3k down plus dmv fees/ $360/month. Ask for Keith their. Let me know your email if you want other information on this.

xxjojoxx

Hi Forman,

Thanks for the reply. Please send me any other info. you may have regarding the sl. email xxjojo615@aol.com

thanks!

nissanbuyer3

I was at one dealer today in NJ and got prices on the phone from others. Don't really get how phone price could be accurate.

2007 Murano SL AWD
Touring Package
15k miles per year
39 month lease
36820 sticker
33950 invoice
$1,500 down
.00240 mf
49% residual

419+tax

Other deal was $450 + tax with 12k miles and 2k down

Thoughts? Also, has anyone heard of aftermarket NAV which would work in the Nissan system, not a stick on the window unit.?

murowner

That sounds very close to a deal I just got 2 weeks ago in NJ. I traded in my car, so I reduced my monthly. There is no aftermarket NAV which would work, best to just do the stick on the window.

cmeso

We live in Northern NJ and here is the deal we got yesterday:
Murano SL AWD
SL Touring Package
Navigation Package
Roof Rail Crossbars
SE & SL Splash Guards (Set of 4)
Carpeted Floor Mats
Sunroof Wind Deflector
Cargo Area Protector

$0 Down, $0 Due at Signing (Sign & Drive)
39 Months lease, 15000 miles per year = $465 per month

Plus we got free oil changes for the duration of the lease and they even bought my wife's 2004 Accord, which had one month left on the lease!

chefjab

Hi I am looking in Northern NJ at the same car. What dealership did you get this deal? Thanks for the heads up!

cmeso

Route 46 Nissan in Totowa........

chefjab

Thanks...Good Luck with your new car!

manstendig

Dear Car Man and everyone -

I'm being offered a 39 month 12K / year lease on a Murano SL AWD with touring package from a NJ dealer. Their selling price is $32,393 ($33,017 if you include the destination charge). I'm thinking that number is competitive. Their final out the door payment is $3450 ($2500 cap reduction + fees + first month lease). The monthly payments would be $361 / month. Does that seem fair?

Also I have one final July lease payment to make on a low mileage VW Jetta. The KBB value is higher than the residual,so I'm trying to get the dealer to make the final payment (or buy the car from VW and resell). Would a dealer have ANY incentive to do this? If not, perhaps I should come back in a month. i dont' want to eat my final $250 monthly. Thoughts?

forman350

That is a good deal. I got a similar deal with 3k down plus the dmv fees. 360/month is what I ended up with for 39 months and 12k/year. does your 3450 include the dmv fees? you should pay 3k out of pocket plus the dmv fees and thats it. they should pick up the first months payment.

I am not sure how to handle the Jetta situation but it sounds like you are on your way to getting the Murano.

Good Luck!

CarMan@Edmunds

Hi Jason. Unless Nissan is running an early lease termination program that I am not aware of, you will not be able to get out of your current G35 lease early without either making your final five payments or trading it in and probably taking a loss on it. I suspect that you will be much better off if you wait until the scheduled end of your Infiniti lease to get something new. I would be happy to estimate what sort of lease payment you can expect to pay for the Murano that you are interested in, but in order for me to do so I need you to provide me with its full MSRP and approximate selling price.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Hello clo123. The selling price that you were quoted for the Murano SL that you are interested in looks outstanding to me. I suspect that it is very close to dealer invoice. Let's use Nissan's current lease program to double check the payment that you were quoted. According to my calculations, if you were to lease a 2007 Nissan Murano SL 2WD that has an MSRP of $35,463 and a selling price of $31,999 through Nissan Motor Acceptance Corp. right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $387. As you can see, something definitely is not right here. I used NMAC's current buy rate lease money factor of .00024 and its residual value of 49% to calculate this lease payment. I think that the problem is all of the fees that are being tacked onto your deal. What does the whopping $3,600 in fees consist of? Using the total price of $35,608 I get a monthly payment of $480. You definitely need to get the dealer to break these charges down for you.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Hi dealseeker8. The Murano that you are interested in probably has a spread of around $3,000 between its full MSRP and its dealer invoice price. For the purpose of estimating this vehicle's lease payment I will assume that you will be able to negotiate a $2,000 discount. Let me know if you are able to get a better price than that. According to my calculations, if you were to lease a 2007 Nissan Murano SL 2WD that has an MSRP of $34,475 and a selling price of $32,475 through NMAC right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $403.

The rules for how sales tax is calculated on leased vehicles vary from state to state. I am not personally familiar with how sales tax is calculated on leases in your area, but you may be able to find out by visiting one of the following sites: Florida Department of Motor Vehicles or Florida Department of Revenue.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Hi forman350. What is this vehicle's MSRP? I ask because it will show me how much of a discount you are being given on it and it will enable me to use Nissan's actual lease program to estimate what your monthly payment should be. Let me know and I'll tell you what I think.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Hi jsdilops. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2007 Nissan Murano SL 2WD with 15,000 miles per year are .00024 and 49%, respectively. You are right, NMAC's 12,000 mile per year residual value would be 1% higher than its 15,000 mile peer residual.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Hi j12. It looks like you got an excellent deal on your new Murano. Thanks for taking the time to share the details of your lease with everyone. Enjoy your new ride .

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Welcome xxjojoxx. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

In short, the two most important numbers to focus on when leasing are the selling price of your vehicle and the money factor that is being used to calculate its monthly payment. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them (other than the fact that Nissan's customer cash is not compatible with its special lease program). Shop around with a few dealers until you get a selling price that you are comfortable with and then have the dealer calculate your monthly payment using Nissan Motor Acceptance Corp.'s buy rate lease money factor. If you tell me how long you want to lease for, I can tell you what that number should be.

Car_man
Host
Prices Paid Forum

CarMan@Edmunds

Hi nissanbuyer3. In your post you mentioned that you are being given a money factor of .00240. Do you mean .00024? I suspect that you misplaced a "0" because the latter money factor is correct. If not then the factor that is being used to calculate your lease payment is way too high.

You also mentioned this vehicle's dealer invoice price, but never stated what its selling price is. Is the selling price the same as the invoice price? If so, this is an outstanding deal. If not, what is the selling price?

Car_man
Host
Prices Paid Forum