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2013 and earlier Nissan Sentra Lease Questions

Hi everyone. Please use the following discussion to post any questions that you have about leasing a Nissan Sentra. Thanks.
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Residual is around 7400. There is a buyout fee of $150. I leased through Nissan Finance. I only have 30,000 miles on it and it is in great shape except a couple scratches. TMV and blue book says the value is 1-2k more than residual, but I don't think an '01 would go for that, although it has the moonroof and alloys etc...
My questions:
-Do factory rebates apply to leased vehicles? Nissan is giving 1500 on '06's and 2500 on '05's. One dealer told me no. I want to negotiate the price including rebates and then work out the lease from there.
-I'm hearing from dealers that there's no 05's around. Should I insist on having a locate done to get more rebate? I get the feeling they just want to move what's on the lot.
-Nissan is offering this lease currently http://www.nissanusa.com/buying/SpecialOffers/0,,53011,00.html#21111 It looks to be a subsidized lease which is supposed to be good? When they have these offers are they still negotiable?
-My dealer is offering a "deal" currently where they buy back your lease at 100% of market value and they said they would knock of the last lease payment and any equity in the car above residual would go towards my new deal. I'm leary of anything that ends the lease early and supposedly takes care of old payments. Does this sound legit? What should I watch for? Deal ends Sat. the 12th. Supposedly anyhow.
-I have contacted Nissan finace with some questions, but for the most part they seem to prefer I deal with the dealership. The car isn't the dealerships at this point. Can't I deal directly with Nissan finance if I decide to purchase my current vehicle?
-My credit is excellent, but I am currently unemployed so financing without a co-signer will be tough. I can get one if I absolutely have to, but Nissan has already pre-approved me and said I need no co-signer so my incentive to stay with them is strong. I don't have alot of leverage to walk away and seek out a different brand unless anyone knows where to get good financing with tier 1 credit, but no job.
Sorry this is so lengthy, I don't know where else to get the info. I have done much research, but it's hard to nail down specifics. What is the best time frame to get this deal done? Lease ends in about 6 weeks.
Thanks to all!
Anthony
Most manufacturers' advertised lease payments, like the one that you provided the link to in your post, leave a little meat on the bone so to speak. Dealers would be pretty angry at a manufacturer that advertised an unbelievable skinny deal on a vehicle. I would not be surprised if you were able to negotiate a more attractive selling price on the Sentra that you are interested in than they one that was used to arrive at the advertised lease payment. If you are able to do so, your car's lease payment would be lower.
If your current leased vehicle is actually worth more than its purchase price at this time, the dealer that you are working with would be able to get you out of your current lease early and possibly even have some equity left over to apply to your new lease.
Nissan's current lease program is scheduled to run through November 30th, so there's no need to rush out and finalize your deal immediately.
Each bank has a different policy on how it allows its lessees to purchase their leased vehicles. Many banks will deal directly with consumers. You will be better off if you can deal directly with Nissan Motor Acceptance Corp., or whichever bank you are leasing through. Involving a dealer usually does nothing for you except line their pocket.
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Yeah, I tried to deal directly with NMAC and they said no and said only through the dealer.
I may just end up purchasing this vehicle. I have tier one credit, but no current employment so I will most likely have to deal with NMAC as I am pre-approved with them.
If I could shop around for loans I would get pre-approved and maybe take my business to another dealership and automaker. The new GM program looks like it may offer some value.
I can get a co-signer if I absolutely have to, but would rather not go that route.
If I did lease a new Nissan, could I negotiate the price and then subtract the 750 Lease money and possibly be under invoice and still allow the dealership a profit?
Example:
Say the car is 15000 invoice and I negotiate 15500 and then subtract 750. Would they still get there 500 profit? I'm fine with them getting that as they should, I just don't know how the numbers work with the 750 lease cash.
Thanks for taking the time!
Anthony
If you were able to negotiate a selling price of say $500 over invoice before the deduction of the $750 lease cash, then yes your vehicle's final capitalized cost would be below invoice, but the dealer would still be making a profit because Nissan pays for the incentives not dealers.
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Could you give me the current money factor and residual value on a 2006 Sentra 1.8S with SE package for a 36 months 12K lease?
Do you know if the $2,250 rebate can be applied towards the leased car?
Thanks a lot
I am pricing out an '06 sentra 1.8 s Special Edition package lease (with the ABS package and sunroof) MSRP approx 18k. (Nissan is running the special edition package @ $500 , usually $2500. I priced the car at 39 months , 15k/year, 999 down (total includes tax), $199/month. any suggestions. . . . is this a good deal?
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Thanks for all of the valuable information. This forum is great!
I am looking at the 2007 Nissan Sentra 2.0 SL. Am currently negotiating price with a few dealers, but am not sure what money factor and residual value % to use once I bring up the lease. Could you provide that info? (for 12,000 miles per year)
Thanks!
I lease a 2006 Sentra in July 2006 and as of date I have 18,500 miles already. I'm alloted 15,000 a year and I've max that in 5-6 months. I drive 102 miles roundtrips daily to work. I need to get out of this lease and buy a vehicle. My questions are: when should I get out? What are the penalties for opting out within a years time?
Thanks!
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could you provide residual % and money factor for 24-mo lease of sentra 2.0 S? thanks!
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Thanks
I build a lease model, but require your assistance on some information, please.
What's the current money factor and residuals for the following?
Sentra 2.0S, 12k & 10.5k miles, 36 months
Sentra 2.0SL, 12k & 10.5k miles, 36 months
I like my leases to be on only the cost of the depreciated value of the car. I pay all taxes and fees up front. Question... aside from taxes, what "fees" are legitimate that I should expect to pay? and what is a decent/typical range ($) for each?
Thank you sir...
Vehicle's lease payments are made up of two parts, the depreciation portion and the interest portion. Residual values are used to calculate how much depreciation lessees have to pay over the course of their lease. They are usually expressed as a percentage of a vehicle's full MSRP, including the destination charge and any options that can be residualized. The higher a vehicle's residual value is, the better because it means that you will have to pay for less depreciation and that your monthly payment will be lower.
Money factors are used to calculate the interest portion of lease payments. Money factors can be converted into approximate interest rate equivalents by multiplying them by 2400. For example, the .00141 money factor that Nissan is charging on a 36 month lease of a 2007 Sentra is equivalent to an interest rate of around 3.38%. The lower a money factor is, the better because the less interest you will have to pay over the course of your lease.
Anyhow, take a look at those articles and let me know if you have any other questions.
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As far as what fees you should expect to pay go, at lease signing you will have to pay your car's first month's payment, a security deposit that's equivalent to that payment rounded up to the nearest $25 increment, NMAC's $595 acquisition fee, and any required state taxes or fees.
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TKS
Peter
Thank you!
Scott
NMAC's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Nissan Sentra SE-R (non-Spec-V) with 15,000 miles per year are .00141 and 55%. The numbers for an otherwise identical 39 month lease are .00135 and 54%.
When negotiating your lease on these cars, make sure to take the $1,000 cash incentive that is available on '07 Sentra and the $500 incentive that is available on the '08 Sentra deals that are run through NMAC into account. They will help you to negotiate an attractive capitalized cost.
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Thank you
I would highly appreciate if somebody could provide me with residual value and money factor for 08 Sentra 2.0 (non S or SL). I am looking to get one either for 12K or 15K miles for either 36 or 39 month. Thank you.
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Thanks
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Here is my question: I acutally like the car and might want to buy it out at lease end. The problem is that the way they structured the lease the buyout is about $12,000. I think that is more than the car is going to be worth. Do I have any room to negotiate this price? I don't want to have to turn it in and then buy a similar car used, not knowing the history of it, when I could just buy this one. Also, I am not familiar with how this buy-out affects things like sales tax. I know if I buy a car for $12,000 cash with no trade-in here in NJ I will pay $840 sales tax. Was sales tax on the whole price of the car already paid when I leased it or just tax on the difference between capitilized cost and buyout price?
I spoke to a salesman at another dealer and he indicated that if I want a new Nissan that I might be able to get out of the lease as soon as 6 months early without having to pay the remaining payments. That might be an option but I really don't want to get into another lease (ever again!) so then I am looking at payments on a new car instead of a used one. They will be pretty high since I will have no trade-in.
Anybody out there with experience in this area?
Thanks.
Thanks for your reply.
"On the lease, you do not have any customer cash. Customer cash is for purchases only. So when you see these low prices on cars, that's after the cash back offer is applied. There is no cash back offer with the lease. Only a special money factor. "
Is this not the case? According to your post it looks like those rebates would be in effect.