2013 and earlier Nissan Murano Lease Questions

shannonliny

To be honest with you, back in February when I got mine- there was no way they could get me close to that. But then who knows if the dealer needs to move them out before the new yr. I'm sure 2008 will be shortly arriving if they haven't gotten them already. I pay like 380.00 I put down 2k. With the touring pkg at the time they couldn't get me any lower. None the less, I love my truck and don't mind the extra 75.00 a month it cost me from my previous lease. If you can do without the touring pkg, then I'm sure you can get closer to your monthly payment.

nismur

Hello,

I've been given the following quote. Can you please let me know if this a good deal or if I can do better. Also, when is the best time of the year to purchase a 2007 Murano? I plan on getting one in the next couple of weeks.

Selling price: $32,500
Money factor: 0.00045
Out of pocket: First month + motor vehicle fees
Residual value : 46%
Lease terms: 42 months
Monthly lease pymt with 6% taxes: $516.09
Mileage: 15k/year

Looking forward to your reply.

shannonliny

I pay 379.97 a month including everything.

brokermarc

hi car man,

i am working on leasing a murano sl with sunroof and premium packages with a total of 1500 due at signing. the best the dealer can do is 410/month.

i am also working on him to take the last 4 payments of $359/month on my current lease off my hands.

is that a good deal?

in my best of all scenarios, how can i get into an sl with GPS, still keeping my payments in the mid 400's?

nismur

Hello carman,

I'm considering leasing a 2007 Nissan Murano SL AWD w/ Touring Package in the Indiana. In one of your previous emails you mentioned that the residual value is 48% but the quotes I received from a few dealers gave 46%.
Can I negotiate them upto 48%?

Are you aware of any latest deals being offered for Muranos with this package?

If my out of pocket expense is just first month and DMV fees can I just focus on bringing down the monthly payments and forget about the other variables e.g. residual value, money factor etc?

Is the end of August the best time to buy or can I wait till the first week of September.

MSRP: ??? $36,610
Selling price: $32,500 $33,491
Money factor: 0.00045 0.00045
First month+DMV: $574.57 $518.30
Residual value $: 46% 46%
Lease terms: 42 42
Mileage 15k/year 15k/year
Mnthly w/ taxes(6%): $516.09 $459.82

If anyone can share their experience with recently leasing a Nissan muranos with the above package I would appreciate any guidance you can provide.

I'm a bit confused with the above quotes seeing that the car with the lower selling price has a higher monthly payment. I tried using the lease calculator in edmunds but I get monthly payments in the $600 range. Not sure what I'm doing wrong.

Any help would be greatly appreciated.

Thanks

addiem

Hi,
The lease on my '04 Murano expires in Nov so I'm looking at my options. I was in my local no-haggle Nissan dealership (Twin Cities area, MN) today for some maintenance work, and saw they were advertising a lease deal on a 2007 Murano SL (list $36,675), Best Price $32,274.

They are advertising lease payments of $372 + tax for 39 months, 12,000 miles per year, $1995 capitalized cost reductions + first payment license and tax. I didn't have time together to get all the details like Money Factor and residual, but does this seem reasonable? I intend to follow up on this later in the week (to get those other details).

drjoshp

just leased a 2007 nissan murano awd with touring and wanted to get your thoughts on the deal:
Paid upfront:
897.61 (first month- 443,DMV,Dealer Fee,Doc,Inspection-454)
new york taxes and bank fee rolled in.
39 months/12k miles.
thanks

delta737h

nismur,

I'm not carman but let me throw in my two cents anyway...

There are two cardinal rules in leasing (1) ALWAYS establish sell price first and (2) Know how to compute the lease payment. That said, let me give you some methodology or a general framework in which to work. I'm a big believer in educating people and have a very strong academic orientation. I subscribe to the belief that if you take a man fishing, he'll eat for a day; but, if you show a man how to fish, he'll eat for a lifetime.

Check edmunds or kbb for MSRP/Invoice pricing as well as customer/dealer incentives so that you can arrive at a reasonable selling price. In leasing lingo, this is called the agreed upon value. Here are all the piece parts that you'll need...

MSRP

(V) Agreed Upon Value (Sell Price)

(S) Security Deposit Requirement (e.g., Payment w/tax rounded to the next $25 or $50)

(Q) Acquisition Fee/Doc. Fee

(T) Sales Tax Rate and the method your state uses to compute sales tax

(K) Capitalized Cost Reductions (Cash/Trade Credit)

(F) Amounts Financed (capitalized) or rolled into the lease

(M) Cost of Money (i.e., money factor/interest rate)

(R) Residual Value = Residual Factor (%) x MSRP but see 3(b) below

(N) Term (months)

Next, we'll need the following identity...

A = V + F - K

where...

A = Adjusted Capitalized Cost

Now, you're well positioned to compute the payment...

Base Payment (P) = M x (A + R) + (A - R)/N

Most states compute sales tax on the payment streams...

Payment w/tax = P x (1 + T)

Other states, like Ohio, compute sales tax on the total payments. Others, compute payment on the depreciation and, of course, there are those that compute sales tax on the agreed upon value. Sounds as though Indiana computes tax on the payment streams.

Some important things to know...

(1) Money Factor/Interest Rates...

(a) The interest rate can be estimated by multiplying the money factor (0.00XXX) by 2400.

(b) ALWAYS ask for the base rate or what is sometimes called the buy rate. Both mean the same thing. A fund provider's rates have a tiered structure. For example...

0.00150 + 0% reserves (buy rate)

0.00160 + 1% reserves

0.00170 + 2% reserves

etc.

Reserves are similar to points paid for a mortgage loan. For instance, 1% reserves means that the dealer receives compensation from the fund provider in the amount of 1% of the adjusted cap cost (excluding acquisition fee) as a reward for writing the lease at a higher rate. And so, reserves are a potential profit center for dealers. The customer never sees it because the reserves are embedded in the cost of money whether it be in the form of a money factor or an interest rate. If the dealer insists on reserves, I always deduct the dollar equivalent from the sell price.

(c) Most fund providers use a money factor. However, a few (e.g., Ford Credit, GMAC) use an interest rate.

(2) Acq Fees/Doc Fees

(a) Acquisition fees are charged by the fund provider for preparing documents and booking the lease. Doc fees are charged by dealers and are another potental profit center. Be careful, though, some dealers will add a profit margin to the acquisition fee. It's best to call a few dealers and inquire about a given fund provider's acquisition fee. Doc fees should run between $50 and $250.

(3) Residuals

(a) Residuals are fixed by the fund provider and can't be changed or manipulated by the dealer. Accordingly, residuals are non-negotiable. The industry bench mark is the Automotive Lease Guide's (ALG) residual factors. They are the standard by which all others are judged. And so, I would want to know the ALG residual for comparison purposes. Most banks use ALG residuals. However, the finance captives often self insure their residuals and are free to set them as they deem fit.

(b) Dealer add-ons are often not fully residualized because fund providers know that dealers inflate the costs of adds. And so, they'll limit the cost of adds. For example, a dealer installed moon roof retailing for $1800 might be limited to only $1000. And so, a car with an MSRP of $30,000 before the add would have an adjusted MSRP of $31,000 after the add. It is the adjusted MSRP that the residual calculation is based.

(4) Capitalized Cost Reductions

(a) If you can avoid making a down payment, you would be well advised to do so. A car is a depreciating asset. Furthermore, if you total the vehicle, it's not likely that you'll recover all or even a portion of your down payment.

(5) Security Deposits

(a) Some fund providers will waive the security deposit in exchange for a slightly higher money factor. This is usually a bad idea. Others (e.g., BMW), will lower the money factor in exchange for multiple security deposits (MSD's). This can be a very good deal. See the BMW Series 3 forums.

Based on the second set of data that you provided, I'll assume that $33,491 is the sell price and also the adjusted cap (I could be wrong but you didn't provide any details to conclude otherwise). Are you financing (F) anything in this lease and are there any cap reductions (K)? I'm assuming that there are no capitalized items or reductions. Therefore, the base payment is calculated as follows...

P = M x (A + R) + (A - R)/N

= 0.00045 x (33,491 + 16,840.60) + (33,491 - 16,840.60)/42

= 419.09

Payment w/tax = 419.09 x (1.06)

= 444.24

You need to double check your data with the dealer including the money factor, adjusted cap cost, residual value, and term because all of these taken collectively determine the base payment. Apparently, something is missing if the dealer claims that the payment w/tax amounts to $459.82.

At lease origination, you'll pay...

1st payment + tax

Security Deposit

Acquisition Fee (Nissan's is $595)

Dealer Doc Fee (if any)

Tax on any down payment

License, title, fees

As far as waiting til September, it's a gamble because September terms aren't available yet as far as I know. It's likely that the residual will be lower which exerts downward pressure on payment. However, here is a link to Nissan USA's current lease offer good through September 4...

http://www.nissanusa.com/summersalesevent/sse.html?model=murano&intcmp=BLSE.- - - PFA.VLP.BLSE_Offer.Button

Looks as though the money factor and residual used by Nissan are 0.00031 and 51%, respectively, for 39 months.

Suggestion...

Create a one page lease proposal similar to mine found in the Infiniti, Acura TSX, and Mercedes Benz S Class forums. It will save you lots of money, time, and aggravation. The key to negotiating is DON'T. Once you have established the sell price, everything else falls in line. As the

nismur

Hello Car_man,

I am looking at purchasing a 2007 Nissan Murano SL AWD w/ Touring Package. My out of pocket expense is first month + DMV fees. Is $449/month which includes 6% taxes a good deal? This is for 15k/year mileage and 42 months term.

Looking forward to your reply.

irehs123

Hello,

I just signed a lease and am wondering if it was a good deal. I wish I had come across this site before signing. Can you please let me know if it was a good deal or if I could of done better.

MSRP: $36,980
Selling price: $33,800
Title/Reg/Acquistion/Admin fees: $795
Total Gross Capitalized Cost: $34595
Money factor: ?
Out of pocket: $1500.00
Rebate: $500
Net Trade-In Allowance: $1046
Capitalized Cost Reduction incl trade allowance: $2574.40
Tax on Capitalized Cost Reduction: $71.92
First Month Pymt: $400.68
Total Due at Signing: $3046
Residual value : $18041.80
Lease terms: 39 months
Monthly lease pymt with 7% taxes: $400.68
Mileage: 12k/year

Looking forward to your reply.

pbeans

Hey car man,

Just want to thank you for all of the info you give out in this forum, no doubt it has saved thousands of dollars collectively.

I'm looking to get into an '07 Murano Lease for 39 months with either 12k or 15k miles (undecided on mileage).

A few questions:
1) Do you have September money factor and residuals for
39 month Murano Leases?
2) Any differece in residual with 12k or 15k miles/yr?
3) When I'm negotiating can I factor in the $1500
Cash to Customer Rebate into the deal or is that
only for purchases?

Thanks in advance.

CarMan@Edmunds

Hi thebordcu. You never mentioned the selling prices or MSRPs of the Muranos 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 what these vehicles' selling price is 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 more than happy to give you my opinion of these deals if you let me know what these numbers are.

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CarMan@Edmunds

Hello jaynaps. $500 over dealer invoice is a pretty good selling price for a leased 2007 Nissan Murano. Of course, for the purpose of calculating your monthly payment you are essentially paying $2,500 over invoice because of your negative equity. You would be better off waiting until you are less upside down on your trade to get something new. If you do proceed with this deal, make sure that the dealer you are working with is using Nissan's buy rate lease money factor to calculate your monthly payment. I can tell you what it should be right now if you tell me how long this lease is.

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CarMan@Edmunds

Hi kevin86. I can work up a sample lease payment on the Murano that you are interested in to give you an idea of what to expect. You never mentioned how long you want to lease for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 12,000 miles per year. Let me know if you want something different. According to my calculations, if you were to lease a 2007 Nissan Murano SL AWD with the Touring Package that has an MSRP of $36,735 and a selling price of $34,125 ($500 over invoice) through Nissan Motor Acceptance Corp. right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $447. I worked up a zero down lease for you instead of one with a couple thousand down like you mentioned doing because it is much safer to go with a zero down lease. Consumers who put money down on their lease risk losing it if their vehicle is totaled in an accident or stolen and never recovered.

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CarMan@Edmunds

Hi nismur. The money factor that you were quoted for your lease looks great to me. It is right in line with NMAC's current buy rate for this model and term. What is this vehicle's full MSRP? It would be very helpful if I had it because it would show me how much of a discount you are being given.

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CarMan@Edmunds

Hi brokermarc. $410 per month with $1,500 due at signing sounds like a pretty good deal on this vehicle to me. Let's work up a sample payment on it and see what we come up with. According to my calculations, if you were to lease a 2007 Nissan Murano SL AWD with a sunroof and the Premium Package that has an MSRP of $34,335 and a selling price of $32,043 ($500 over dealer invoice) through Nissan Motor Acceptance Corp. right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $422. As you can see, $410 per month is pretty good.

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CarMan@Edmunds

Hi nismur. Nissan's residual values for the Murano vary by trim level, term, and mileage allowance. They also change every month. It is possible that the previous post that you saw me mention the higher residual value in was for a different model or perhaps for an old program. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2007 Nissan Murano SL AWD with 15,000 miles per year are .00016 and 49%, respectively. These numbers are definitely right. If a dealer tells you something different they are either mistaken or trying to trick you.

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CarMan@Edmunds

Hi addiem. The selling price that you mentioned would be an excellent deal on a leased 2007 Murano SL. There is a good chance that the dealer that you are working with is using the consumer cash that Nissan is providing on this model to come up with its listed price. This cash is not compatible with the special lease program, so the selling price for a leased Murano would likely be higher. If I was interested in leasing an '07 Murano right now, I personally would shoot for a selling price of around $500 over dealer invoice. You can look up the exact invoice price of the model that you want by visiting the following section of this site: Edmunds.com - New Vehicle Pricing.

Once you arrive at a selling price that you are comfortable with, have the dealer calculate your monthly payment using your vehicle's buy rate lease money factor. Nissan's current buy rate for a 39 month lease of a 2007 Murano SL AWD is .00016 with the payment of a security deposit at lease signing.

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CarMan@Edmunds

Hello nismur. 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 what this vehicle's selling price is 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 more than happy to give you my opinion of this deal if you let me know what these numbers are.

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CarMan@Edmunds

Congratulations on getting your new ride, irehs123. The price that you paid for the Murano that you leased looks to be right around dealer invoice. Plus, the dealer took the $500 lease cash that is currently available on this model into account. This looks like a very good deal to me. Make sure to stop by the new Dealer Ratings & Reviews section of this site to share your thoughts on your recent dealer experience with others. Enjoy your new Murano .

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CarMan@Edmunds

You're welcome, pbeans. Thanks for the thanks . Here's the info that you're looking for. The Murano's lease program varies by trim level. For now I will assume that you're interested in a 2007 Murano S AWD. Let me know if you want something different. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2007 Murano S AWD with 15,000 miles per year are .00034 and 50%, respectively. The residual value for an otherwise identical lease with only 12,000 miles per year would be 1% higher. Unfortunately, the $1,500 consumer cash incentive that Nissan is providing on the Murano is not compatible with its special lease program, but Nissan is providing a $500 cash incentive that is.

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cmd224

Dear Car Man,

I recently recieved the following lease quote on a 2007 Nissan Murano SL Touring package (Leather interior w/ sunroof):

SL Touring / Leather w/ sunroof

$36,980 (MSRP)
$33,767 (Invoice)
$ -500 (cash incentive)
=$31,284

This would be a 42 month lease at 12,000 mi/year = $454/month with $646 due @ signing (first month payment + $192 for title and fees)

Is this a good deal? Or can i do better?

Thanks!

pbeans

Car_man

Thanks for the info. I am actually looking at an S Trim level but with FWD. Any difference in residual and money factor for the FWD S as compared to the AWD?

Thanks.

jrich24

I would like to hear anyone's thoughts on this lease deal:

07 Murano SL FWD w/Leather pkg
Lease 15k miles/yr and 39 months
msrp 32 050
invoice 29 380 +destination fee= 30 085
sale price 30 485 - 500 lease rebate = 29 985
down payment 1750
residual 16 025
monthly payment 314 + tax
total drive off: 1750 down payment+tax +595 aqcuisition fee+1st months payment+tax = 2827

Please let me know what you guys think, thanks

nismony

I've always purchased my cars used with cash and this would be my first time leasing a car. I'd like some opinions regarding the following:

2007 Murano S AWD
Lease 15k miles/yr and 39 months
$359/month with nothing out of pocket (fees, etc included into the monthly payments)

I've been to several dealerships in NY/NJ and I'm at the point where I'm tired and frustrated with the whole bait and switch I've been experiencing with dealerships and their ads. You see an ad, call them up, they ask you to come in person, give you some figures over the phone, and give you much higher figures when you get there.

I only started reading up on these forums after being referred here by my brother and I'm trying to educate myself more as far as leasing goes but I'd like some advice/help in the mean time if possible.

Thanks in advance.

nismony

Well I went ahead and signed a lease from Amity Nissan in NY as follows:

2007 Murano S AWD
15k/yeah for 39 months
$355 a month with nothing out of pocket.

I hope I got a good deal considering it's the best terms I was able to get after visiting several Nissan dealerships.

p547dv

My MDX lease expires on Nov.27 so I still have time for research. I am planning to lease Murano SL AWD Touring. Did somebody lease car through carsdirect.com? I had bad experience with Nissan dealers in our area and trying to find way to avoid it.

jrich24

Does anyone know if Nissan will still be providing the $500 lease rebate in late October?

mloggia

I just signed a lease in Staten Island Nissan in NYC. Its a 2007 Murano SL in Platinum with the Touring package, basically has all the options except NAV. I paid 0 down, $3300 for ny taxes of 8.75%, bank fees, dmv fees, first month, prep, acquisition and a couple other things (which i offset by trading in my old car) and my monthly payment is $349 a month for 39 months, 12,000 miles. Can anyone comment on if this sounds like a good deal. Any insight would be much appreciated, thanks.

abuaisha

Hello Car Man and everybody else,

I picked up an 07 Murano S FWD with Convinience package and some other little stuff like cargo net, trunk mat etc. MSRP around $30000,
39 months
12000 miles a year
$200 total cash out of my pocket + $500 rebate (including frist payment and dmv)
so total out of my pocket was $200

payment is $340 + tax.

Is this an ok deal?

Please advise.

schustertj

To car man or anyone else,
I have a credit card hold on an 07 Murano SL AWD with the touring package, sunroof, and some other options like XM. They could not do the dealer trade over the weekend.
MSRP $36,985,
39 months
18000 miles a year
1st payment down only
monthly payment of $515, includes 6% Indiana tax
I have a D-plan discount.

Is this an good deal?

Any comments would be appreciated.
Thanks

mloggia

Carman or anyone who can help,
I am about to sign the final papers wednesday and I am wondering what type of insurance if any I should be considering from the dealer on the lease. From googling it looks like it may be a good idea to take the gap insurance if it not part of the standard deal. Also, should i consider paying extra for wear and tear chargers for when I return the car in 3 years? Thanks very much for your help.

ebm525

To CarMan or anyone who can help? I Want to know if this is a good deal. I have this on hold:
2007 Nissan Murano SL AWD with Touring Package
$379/mo 12k
0 down
out of pocket: taxes, fees,etc. They told me approx $2500 (is this correct?)

dwb959

Carman & EBM525,

I also recently got a similar deal on a 2007SL AWD Murano with a MSRP of 38700 12k miles on 39months. Payment that I was quoted was 2500 out of pocket and 389 per month.

DOES THIS SEEM LIKE A GOOD DEAL? DEALER SUPPOSE TO CALL ME BACK TONIGHT?
Thanks.
DB

bkapnyc

I'm interested in leasing a murano tomorrow... Can you tell me if the $500 lease rebate is still in effect for the Murano and what is the current Nissan Finance Bank Fee??

Thank You
Boris

dwws

Hi dwb959 & EBM525:

I am in Freehold NJ trying to help my sister lease a 2007. The dealer here is offering this deal;

MSRP: $36,900
SELLING PRICE: 33,558.11
MILES PER YEAR: 12,000
TERM: 39 M0NTHS

DOWN PAYMENT: $4,500 (THAT SEEMS OUTRAGEOUS TO ME)
RESIDUAL: $18,081
MONEY FACTOR: .000330

Now, to the cost they are adding:

INCEPTION FEES: $1968.09
ASSIGNMENT FEE: $595
DOWN PAYMENT TAX: $198.35
PAY-OFF OF TRADES FEE: $895 (MY SISTER DOESN'T ***HAVE*** A TRADE-IN!!!)

After all this nonsense they are stating the total Cap Cost as$32,214.55

MONTHLY PAYMENT $379

Now, just on the surface of it, it seems that my sister is getting the same deal as you guys are, but she is paying $2000 more for it. Also, what is an :Assignmet Fee" and what is included in these "Inception Costs" and does $1968.09 seem reasonable? Where are you guys located? We are in NJ and I need to find her a no-nonsense dealer who will give her a good price. Please help.

Thanks,

David

dwb959

Hi DWWS,

This does seem like a lot of fees upfront to pay for? Most on this board say never put down a lot of money on a lease for fear of losing it if the car is ever stolen or totalled. Try asking for the money factor from Nissan financial and the residual % as well. Once you have that information go into the following website http://www.leaseguide.com/calc.htm
This should tell you if they're on target or not. I would definately cross check the selling price on Edmunds and/or CarsDirect to see if she's getting the best deal possible.
In terms of my story the dealer that I was doing the deal with left and when we tried calling back we were told that the 2500 down would be in addition to taxes. Again as great as Nissans are I'm not putting down $5K to lease one. We essentially walked away from the table and are currently shopping around. Right now I can do better on an FX per month, based on my calculations, (dealer still needs to confirm).
Fees that I'm looking at on any lease would be state taxes, DMV, Bank Fee and that's it.
Hope this helps.
I'll keep you posted on any additional information that I may get.
Thanks.
DB

concierge_nyc

David, Inception Costs tyically include the following: first month payment, security deposit, bank fee/assignment fee, tax, doc fee, tire tax fee, DMV fees. Feel free to reach out if you have questions. Good luck!

CarMan@Edmunds

Hi cmd224. The $31,284 that you mentioned is an excellent price for the Murano that you are interested in. It is well below dealer invoice minus the $500 lease cash incentive. Just make sure that the dealer that you are working with uses Nissan's current buy rate lease money factor of .00045 (42 months) to calculate your monthly payment and you're in business.

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CarMan@Edmunds

No problem, pbeans. NMAC's latest buy rate lease money factor and residual value for a 39 month lease of a 2007 Nissan Murano S FWD with 15,000 miles per year are .00033 and 48%, respectively.

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CarMan@Edmunds

Hi jrich24. $500 over dealer invoice minus the $500 cash incentive is a very reasonable price for a leased 2007 Murano right now. Just make sure that the dealer that you are working with uses Nissan Motor Acceptance Corp.'s current 39 month buy rate lease money factor of .00033 to calculate your monthly payment and you're good to go.

I personally wouldn't make the $1,750 capitalized cost reduction though. I always advise consumers against making down payments when leasing. Those who make them risk losing them if their vehicle is totaled in an accident or stolen and never recovered. Even though your monthly payment will be slightly higher, you would be better off going with a zero down lease.

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CarMan@Edmunds

Welcome nismony. Since you have never leased before, 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.

The best way to negotiate a good deal on a leased vehicle is to negotiate as low a selling price as possible on the vehicle that you want and then have the dealer calculate your monthly payment using its buy rate lease money factor. If I was interested in leasing a 2007 Nissan Murano right now I personally would shoot for a selling price of a couple hundred dollars over dealer invoice and then have the $500 cash incentive subtracted from that, putting the actual capitalized cost at or slightly below dealer invoice. Nissan's current buy rate lease money factor for a 39 month lease of an '07 Murano S AWD is .00033.

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CarMan@Edmunds

Hello jrich24. Nissan is still providing the $500 cash incentive on leases of the 2007 Murano in October. It is currently scheduled to run through October 31st.

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CarMan@Edmunds

Congratulations on your new Murano, mloggia. I would be happy to give you my opinion of this deal, but it would be much easier for me to do so if you provided me with its full MSRP and selling price first. These numbers will show me how much of a discount you were given. Let me know and I'll tell you what I think.

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CarMan@Edmunds

Congrats on getting your new ride, abuaisha. I would be happy to give you my opinion of this deal. It would be much easier for me to do so if you were able to tell me what your Murano's selling price was. Let me know and I will tell you what I think.

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CarMan@Edmunds

Hi schustertj. I am not sure what "D-plan" is. Is it like Nissan's VIP purchase plan? If you were able to purchase your Murano through an employee or supplier purchase plan, chances are that you got it for a good price. I would be happy to confirm that you were if you tell me how what its selling price was.

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CarMan@Edmunds

Hi mloggia. Most manufacturers' captive finance companies, I believe including Nissan Motor Acceptance Corp., include gap insurance on leases for free (I suppose it isn't exactly free since NMAC charges a $595 acquisition fee, but you get the idea).

I personally would pass on the excess wear and tear coverage unless you are very hard on your vehicles. I have found that most manufacturers' captive finance companies are pretty reasonable when evaluating the lease-end condition of cars and trucks.

Car_man
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CarMan@Edmunds

Hi Boris. Yes, Nissan is still providing a cash incentive on leases of the 2007 Murano through Nissan Motor Acceptance Corp. Nissan charges a $595 acquisition fee on every vehicle that it leases.

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CarMan@Edmunds

You're absolutely right, David. $4,500 is way too much money to put down when leasing. I personally always advise consumers not to make any capitalized cost reduction on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.

The "assignment fee" is probably Nissan Motor Acceptance Corp.'s acquisition fee. NMAC charges a $595 acquisition fee on every vehicle that it leases.

The money factor that your sister was quoted is right in line with NMAC's current buy rate for a 39 month lease of this model. This is a good sign. Furthermore, $3,300 is a very reasonable discount for an '07 Murano SL AWD right now. The main problem with this deal is all of the fees. The "assignment fee" is OK, but what is includes in the "inception fees" and what the heck is the "pay-off trades" fee if your sister isn't even trading anything in?

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dwb959

Hi,

Another David responding.
First Month payment: Fine
Bank/Assignment Fee: One in the same ~$595 okay with that.
DMV Fee: Okay on that
Tax: We all have to pay unfortunately
Security Deposit: Not sure but you should be able to have this waived or your first month payment acts as a security deposit. They should be double dipping.
Tire Tax Fee: Think you can negotiate that this shouldn't be passed along to the consumer.
Doc fee: What's this? I think they're reaching here.