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2013 and earlier Nissan Maxima Lease Questions
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the $1,500 cash incentive that is available on purchases of the '11 Maxima in your area is not compatible with its special lease program.
You definitely should wait until at least the end of this month to get a new Maxima if you're interested in one. I have heard that Nissan is going to roll out some enhancements to its programs during the last week of May.
It's difficult to say what the deals will be like in September and October. It will depend upon a number of factors including how quickly production at the Japanese manufacturers gets back up to speed after the quake, what the economy is like, etc...
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Are there any changes in the lease deals for the Maxima during the end of May as you had stated earlier? I know there is an extra $500 bonus cash for lease on top of the $1000, I was wondering if there were any MF or RV changes?
Also, below are my calculations, let me know if they look right:
MSRP: $37855
Sale Price: $31452 ($1000 included)
Mi/yr: 12,000
RV: 59%
Term: 39
MF: .00098
Tax: 7%
Out-of-Pocket: $1200 (fees)- $500(Bonus)=$700
Monthly: $306.55
Is this right? and is it the lowest I can go?
Is there any way of verifying this?
Please help someone, Car_man!
I presented my math to the dealer and came up with a lower number but he wasn't budging. We're thinking of taking a break and shopping at a different time of the year, this seems to be not the time to score a great deal.
p.s. I was told there are NO REBATES for leasing. The $2000 worth of rebates is for purchase, or so I'm told. What are the rebates you are talking about?
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks,
Matt W.
So I finalized a deal, and picked up the car yesterday. Here's the details
2011 Maxima SV Sport with Monitor, Mats, and Splash guard in Metallic Slate
MSRP: $38030
Price: $30644
Monthly: $300.88 (asked them to level it at $300, mad stingy and didnt)
Term: 39 months
Down: $2300 (including all fees, TTL, and first month)
Miles: 12k/yr
Credit: Excellent
POM: 36%
And I negotiated 2 yr, 30k mi free maintenance
I know people said POM should be <40%, and I was speaking to all other dealers asking if they could beat it over the wknd, the closest people got was $333/mo and $2000 down.
I think I could have done slightly better if the market wasn't bad, but I'm not complaining. It really pushed my budget as I didn't want to pay this much, but they gave me the car for an extended test drive and my family loved it when I brought it home, so I just went for it.
What do you think??
If you want you can buy the car in Jersey and take a road trip to GA lol.
Is the Edmunds Lease Calculator acting shady today?
Plus, although I appreciate the data, is it possible for CarMan to just post some numbers for some of the most popular terms and trims? It is getting rather confusing here with people posting numbers for 39 months and 36 months and Sport Models and Premium Models, and then finding out that the Sport model has a lower residual value than the Premium model, etc etc. people seem to be mixing and matching the terms and trims and coming up with different numbers.
Specifically, what are the terms for a 2011 Maxima SV with just the Sport package for 39 months and 15,000 miles per year? How about 12,000 miles per year? How do these two figures change if the lease term is dropped to 36 months? Is it worth it to just sign for the extra 3 months?
Its better to sign up for the extra 3 months even tho the RV drops 1 percent, but you're spreading the huge initial drop over the extra 3 months.
What you're looking for is:
2011 Maxima Sport
Mi/yr: 12,000
Term: 39 months
MF: .00098
RV: 57%
2011 Maxima Sport
Mi/yr: 15,000
Term: 39 months
MF: .00098
RV: 56%
And btw, I already got my car at those numbers. They're a little off from my calculation (+/- $1-4), but close enough. I actually have a spreadsheet that does the calculation that I don't mind sharing but I don't know how to attach it here
I broke the Maxima Sport SV lease package down for a sales guy couple days ago and told him that I was pretty sure I was right on with my numbers but was prepared to be wrong. He went quiet pretty quick. Pretty much right there I knew that he knew that he wasn't talking to a sucker. We never agreed on a deal because he wouldn't show me how he was coming up with HIS numbers, saying they just punch it into the computer.
I wasn't about to hand them a $2300 premium over the course of a lease, especially when I came in there for a SPECIFIC deal they were advertising. Which is pretty disappointing considering they pretty much pulled the good'ol bait and switch on me. Get you to the dealership, switch up the pricing.
Anyways, was hoping for a phone call since today is the 31st but I guess it's not gonna happen. Business must be good. Onto another dealer we go...
Could you e-mail that spreadsheet to messer202 AT gmail.com ?
Thanks for providing the numbers. At least now I have something solid to go on. I'm a little shocked at the residuals on the Maxima. They seem a bit low. I thought Maxima just won a JD Power award or something for best resale value.
Maxima has really good residuals IMO, the only problem is that when you start pricing a niche trim and package, it hurts the residual value because not many are looking for that. So Maxima with the highest residual I believe is about 61%.
I got the bug to lease a Maxima and Edmunds is the first place I go...
thanks so much...
The numbers for an otherwise identical 39 month lease are .00092 and 57%.
As far as cash incentives go, in June Nissan is providing $1,000 on leases of all Maximas in your area plus an additional $500 on vehicles that don't have navigation.
Car_man
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If you have any questions, let me know.
http://www.filefactory.com/file/ccbac57/n/2011_Car_Lease_Calc.xls
The other big news for the 2012 Maxima is the addition of a special Limited Edition Package, which features smoked appearance headlights, High Intensity Discharge (HID) Xenon headlights, a compass in the rearview mirror, 18-inch aluminum-alloy Dark Hyper Silver colored wheels, a rear spoiler, dark satin chrome front grille, fog lights, illuminated kick plates, outside mirrors with integrated turn signals and metallic trim on the center cluster, center console and door armrest grips.
In addition, two new exterior colors are offered for 2012: Java Metallic and Dark Slate.
I'm quite upset, they made the Limited edition exactly what the SV Sport offers, for half the price...whack.
I put nothing down (except the fees but they gave me a chck for $1200 so it offset my fees) and I leased 39 months $405/month. I'm pretty happy with this deal and I love the car so far
I received a lease quote yesterday for:
2011 Maxima SV Crimson Black MSRP $35,585 39 months 12,000 miles no out of pocket expense. Strictly sign and drive for $394 per month including 6% state sales tax.
Does that sound like a good price or could I do better?
Do you think this is a great deal for a 39 month lease and 18k miles. Loaded SV Premium
Splash guards
Floor mats
Prem. Pkg
Spoiler
Premium tech pkg
$449/month
$613 total down.
Also willing to buy my existing 09 Murano SL AWD for $22600 which is what is owed.
Another dealer will match and throw in free oil changes for 39 months
I had quotes from local dealers ranging from $419 to $335. I found many of the local dealerships I visited a bit unscrupulous, hesitant to provide a lease work up sheet and not forthcoming with rebates and incentives. I originally just wanted a base model SV without additional packages to keep costs down, but it did not seem dealerships had inventory of base model SV's. I also found all the Nissan dealers I dealt with pushed too hard to get me into a car they had sitting in their lot without listening to the specific limited options I wanted. Overall, wasn't pleased with the Nissan salesmanship (from multiple dealers).
With that said, having done homework using sites such as this forum I think the high residual, low money factor and manufacturer rebates makes the Nissan Maxima a very good lease this month. Overall I am very pleased with the car.
Negotiate the lowest possible sales price w/ rebates for the Sport Package and plug the numbers into a lease calculator using Nissan's June lease rates that Car Man provided in an earlier posting. I would think getting the Maxima SV w/ Sport Package paying only DMV fees upfront for around $300 is wishful thinking as the sales price of the car would have to be well below $30,000 for those numbers to work.
If you know that's the car you definitely want contact several dealers via email and request quotes. I find it easier to negotiate via email rather than play the game at the dealership.
Good Luck.
Whats the residual % for maxima sv with premium package for 36month 10k and 12k? whats the average price for bank acuqisition fee when doing lease? one dealer in NY area quote me 895 for the bank fee, is this normal? First time doing lease, how strict is nissan when you do the lease return? Thanks for all the help!
When do these current incentives expire? Am I likely to see similar deals and incentives at the end of August? Also, how much of an incentive does Nissan give to current owners/lessees?
http://nissannews.com/image-gallery.do?method=view&imageGalleryId=400&mid=1
I'm going to try an get the same deal you got on the same equipment down in Miami. Does your payment include taxes??
Thanks
I have found it difficult to get dealers to reveal any money factor/residual information. I’d like to go in basically with the goal of getting my payment in the high $200 range with all taxes and fees rolled in. Is this possible on a base Maxima and be considered a “reasonable offer”?
Love this forum, thanks everyone!
btw, which NY dealer is that? will you mind give me the name so I can contact them myself too? Thanks!
Even at $595 for acquisition + 400 for DMV + 350 for first payment your at $1345. Some dealers like to add a document fee into upfront costs too. Don't quote me on this, but I believe NY only permits a dealer to charge a $75 document fee. Either way the fee is added dealer profit that can sometimes be negotiated if you ask them to remove it.