Was this a good lease?

RiransoRiranso Member Posts: 7
edited May 2022 in Nissan
I just completed the documents for a lease deal, please let me know if this was a good or bad lease.

18 months / 349 per month for a Nissan Sentra S in NYC

Residual Value was around 17k but it was given at the end without ability to negotiate.

I was initially quoted $440 but talked them down to $349.

Best Answer

  • MichaellMichaell Moderator Posts: 259,292
    Answer ✓
    Riranso said:

    Michaell said:



    How many miles per year?

    Did you trade in a vehicle with equity, or was the $5800 all cash from you?

    On the surface, and given today's environment, you probably did OK.

    Did you shop multiple dealers? Was this the best offer you got? If so, you probably answered your own question.

    How many miles per year? 10k Miles

    Did you trade in a vehicle with equity, or was the $5800 all cash from you? No trade in - i paid about $4825.50 in case and $975 was a rebate.

    Did you shop multiple dealers? Was this the best offer you got? If so, you probably answered your own question.
    - I went to multiple dealerships and that was the only one within a 2.5h radius that had a nissan sentra available. All others were sold out when i got there.
    If you've already signed the paperwork and taken delivery, there isn't much you can do about it, now.

    And, if this was the only dealer with a Sentra in stock, you were kind of at their mercy, if that was the car you wanted.

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Answers

  • MichaellMichaell Moderator Posts: 259,292
    Riranso said:

    I just completed the documents for a lease deal, please let me know if this was a good or bad lease.

    18 months / 349 per month for a Nissan Sentra S in NYC

    Residual Value was around 17k but it was given at the end without ability to negotiate.

    I was initially quoted $440 but talked them down to $349.

    What is the MSRP?
    What is the selling price?
    How much money did you give the dealer at signing?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • RiransoRiranso Member Posts: 7
    Michaell said:



    What is the MSRP?
    What is the selling price?
    How much money did you give the dealer at signing?

    MSRP - 25,365.19 (labeled as Gross Capitalized Cost)
    Selling Price - 21,953.21 (labeled as Adjusted Capitalized Cost)
    Due at signing - $5,800.50

    Residual Value - 17,803.80

  • MichaellMichaell Moderator Posts: 259,292
    Riranso said:

    Michaell said:



    What is the MSRP?
    What is the selling price?
    How much money did you give the dealer at signing?

    MSRP - 25,365.19 (labeled as Gross Capitalized Cost)
    Selling Price - 21,953.21 (labeled as Adjusted Capitalized Cost)
    Due at signing - $5,800.50

    Residual Value - 17,803.80

    How many miles per year?

    Did you trade in a vehicle with equity, or was the $5800 all cash from you?

    On the surface, and given today's environment, you probably did OK.

    Did you shop multiple dealers? Was this the best offer you got? If so, you probably answered your own question.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • RiransoRiranso Member Posts: 7
    Michaell said:



    How many miles per year?

    Did you trade in a vehicle with equity, or was the $5800 all cash from you?

    On the surface, and given today's environment, you probably did OK.

    Did you shop multiple dealers? Was this the best offer you got? If so, you probably answered your own question.

    How many miles per year? 10k Miles

    Did you trade in a vehicle with equity, or was the $5800 all cash from you? No trade in - i paid about $4825.50 in case and $975 was a rebate.

    Did you shop multiple dealers? Was this the best offer you got? If so, you probably answered your own question.
    - I went to multiple dealerships and that was the only one within a 2.5h radius that had a nissan sentra available. All others were sold out when i got there.
  • RiransoRiranso Member Posts: 7
    Thank you for all your help Michaell!
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