2013 and earlier Nissan Maxima Lease Questions

steevo · March 2008

The Bank sets the base money factor and the residual. The dealer can mark up the money factor.

gator88 · April 2008

Does anybody know what the money factor is for April on '08 SE? Have the residual values remained the same?

pjenson · April 2008

Nissan is currently offering a $269/month lease on a maxima with the equipment I want except for the leather interior. My question, will Nissan keep all the variables of the lease the same if I want to lease a maxima with leather. My calculations are that this would add about $1800 to the price and about $60-80/month.

gator88 · April 2008

The money factor and residual value shouldn't change, just the MSRP and the capitalized cost. BTW, what are the details of the lease, any $ down, did they tell you the money factor and the residual value?

pjenson · April 2008

The details of the lease are as follows:
MSRP:$29,215
Net Capitalized Cost: $24,469
Residual:$14,607.50
Miles: 12,000
Payment: $259/month
Down Payment: $2999

gator88 · April 2008

Does the net cap cost reflect the $2,999 down payment? Does the entire $2,999 go towards reducing the cap cost or are inception fees mixed in? It seems like a pretty high down payment for a lease. Is that your choice to lower the payment? Remember, Nissan is offering $2,500 rebate on this car that should be applied towards reducing the cap cost.

pjenson · April 2008

These lease details are coming from Nissan Motors website. Of the 2999 down, 2740 is for an actual down payment. Could the 2500 rebate being offered by Nissan also be used on the lease. I wouldn't think they would give you the lease deal and the rebate also.

madams2 · April 2008

What is the current money factor and residual on a 2008 Maxima SL Sedan in NJ for 15K a year?

CarMan@Edmunds · April 2008

Hi gator88. This car's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Nissan Maxima SE with 15,000 miles per year are .00016 and 50%, respectively. Then negotiating your lease on this car, make sure to take advantage of the $775 cash incentive that Nissan is providing on leases of it through NMAC.

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CarMan@Edmunds · April 2008

Here you go, madams2. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2008 Nissan Maxima SL with 15,000 miles per year are .00235 and 53%, respectively. Nissan is providing a lot more lease support than this on the Maxima SE right now. When negotiating your lease on this car, make sure to take the $775 cash incentive that Nissan is providing on leases of this car through NMAC into account.

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gjt1202 · June 2008

Now that it is getting close for the 09's to be hitting the dealership lots, is anyone aware of good deals on the 08, or what the 08's are going for now. Looking for an SE with the Platinum Edition package as well as the Sensory package?

purchasingsoon · July 2008

does anyone know what the terms are for the new '09 maxima models? mf, residual, for 12k, 36 mo. thanks.

kingpcgeek · July 2008

Between dealer wanting to charge over sticker and the money factors it is not a good time to lease an 09 Maxima.

2009 Nissan Maxima S  7/8/08
24 Month  Residual 70% of MSRP  .00250 Base Rate
36 Month  Residual 59% of MSRP  .00250 Base Rate
48 Month  Residual 48% of MSRP  .00270 Base Rate
60 Month  Residual 41% of MSRP  .00270 Base Rate

2009 Nissan Maxima SV  7/8/08
24 Month  Residual 66% of MSRP  .00250 Base Rate
36 Month  Residual 56% of MSRP  .00250 Base Rate
48 Month  Residual 45% of MSRP  .00270 Base Rate
60 Month  Residual 38% of MSRP  .00270 Base Rate

purchasingsoon · July 2008

WOW those terms do not look attractive at all. thank you for the information kingpcgeek!! i'm not even going to test drive it after seeing those figures. i don't understand someone willing to pay over sticker for a maxima, that seems weird given all the competition in this price range.

manu99 · August 2008

I have an offer from the dealer on a 09 maxima sv
invoice 32000.00
5 year lease
1500.00 down including first month pymnt, regist, tax and license
12000 miles per year

is this a good deal?

please let me know

thank you

ahossa1 · August 2008

What's the monthly payment?

manu99 · August 2008

sorry i forgot that

it's 445.00 incl tax

ix007 · August 2008

Are those numbers based on 15,000 miles/year or 12,000 miles/year. Do they bumped the residual 2% if you go down to 12,000/year??

ahossa1 · August 2008

That means you will pay $26,700 in 5 years plus $1500 downpayment totaling $28,200. then you don't own the car. It doesn't sound like a deal at all.
What about the $339 being advertised in the Olympics for 39 months?

manu99 · August 2008

12000 miles

manu99 · August 2008

thats the base model s

ix007 · August 2008

So listen to this......I go to test drive the new Maxima SV and of course due to this site I have all my ammunition in regards to price, MF, residuals etc. Personally, I am trying to stay in the $450/month range for something with only 1st month and tags down. So the sales person shoots me straight and says that I am really better off with an Infiniti G35 sedan since it has more hp, more features AND better lease rates. They even walked me across the parking lot to the Infiniti dealership. I did drive the Infiniti and have to completely agree.....if you don't care about the Maxima's brand new body style, the Infiniti is so much more bang for your buck with much better MF and residuals.

My only problem now is "Do I want to drive a car that has been out for several years and the 09 G37 sedan is due in a few months?"

kingpcgeek · August 2008

I pulled the plug on a G35 two weeks ago. I figured that 306 HP instead 328 HP was enough for me, and I could live with a 5 speed instead of a 7 speed transmission. Plus the lease rates are great and the dealers are dealing on G35's right now. I got mine for $400 under invoice because of $500 lease loyalty cash available. Internally and externally you will not be able to tell the difference between the G35 & G37 except for the badge on the back.

ix007 · August 2008

Thanks for the respone kingpcgeek. I have really narrowed my car search down at this point to the 08 G35 and currently in negotiations. Hopefully, I can get them to come down to that invoice level on price. I thought I read in the infiniti section that some dealers were going almost $2K below invoice trying to unload these? Is that completely absurd for me to be asking for? Thanks again

kingpcgeek · August 2008

There is $2000 dealer cash available, but you can only get it if you are not leasing or getting the 1.9% financing. If you chose that route you could be around $1500-2000 below invoice. If you are leasing or want the 1.9% financing, and not are prior customer then plan on $100 to $500 over invoice.

BTW the current G35 has only been out 2 years.

manu99 · August 2008

to ix 007

before you lease anything check out the 08 lexus es 350

i leased es 350 today from lexus in van nuys

msrp; 40305.00 with nav and blue tooth
negotiated price; 34823.00
down pymnt; 1750.00 inc 1st pay, tax, license, title and the b.s
600.00 doc fee which is negotiable
residual; 17331.15

money factor; .00065 which is 1.56 interest rate (.00065x2400)
monthly payment; 425.00 inc tax for 48 month 12000 miles per year
this is better than the 09 maxima lease

ix007 · August 2008

Thanks for the response but I am really focusing a 2 year lease with a 3 year at maximum. This is definitely better than the Maxima but not better than the Infiniti G35 which is where I am leaning. Although the MF is considerably better than even the G35, the residual is 59% compared to the G35's 67% both for 2 years. I realize the E350 is a little larger car but bang for your buck, I think the G35 blows it away. Thanks again for the heads-up though

kingpcgeek · August 2008

Maxima - Front Wheel Drive

ES350 - Front Wheel Drive

G35 - Rear Wheel Drive

carcass29 · September 2008

This is my first post...Hello all! I just wanted to share what happened to me today at this deal and if you live near the area, don't buy from these morons!

Last week, I went to checkout/purchase a 2009 Maxima SV premium package in Silver without tech package for MSRP $36,465, leased at 479 month 15000mi 39 month term. Salesman's name is John....said that this price was negotiable and once qualified we would talk about getting me a better deal. Approval went through and gave them insurance info...everything still going smooth.

They register the car from the info I provided(get the plates) and insurance and call me to say they had the car shipped from other location to come in and do the final paper work...car is on site and ready to go. So I ask the salesman upon arrival "hey lets talk about that price per month and MSRP" (In Jersey and NYC) this exact model is going for $34,500-600 MSRP... the same vehicle with the premium package. He acts like he doesn't know what I'm talking about in front of the finance manager saying, " I never said we would discuss price?" WTF?

All of a sudden the monthly payment shoots up to $525 a month....hahaha imagine that. Oh and due to my credit not being perfect was the reasoning behind this price....credit is not as bad as they said it was....I checked months ago.

They basically said I signed a paper to approve this price/contract which I didn't...it was just to show I paid $100 cash to show that I paid for them to run my credit!

Do not give these guys any money up front...they made me pay $100 saying they could not check my backround without it. Make you sign a paper that you gave them the 100 as a receipt but really later on they are saying that you really signed contract. I'll be calling the better business bureau if I don't get my $100 back....BEWARE of these scammers! Unbelievable!

kingpcgeek · September 2008

That is why you use the Internet to negotiate.

ucjjg · September 2008

Hi, does anyone know the lease rates (mf, residual) for 24 and 36 mo 12K? I saw the July rates posted above and they were awful! Thanks.

kcbny · September 2008

The numbers I was given for a 12k/year leases were: money factor .00280, residuals were 58% for 39 mos, 59% for 36 mos and 69% for 24 mos.

Still awful rates in my book. I'm looking at a 2008 Infiniti G35X because the deal is so much better.

fuego252 · September 2008

I just spent the who day looking for a deal on a 09 maxima lease, the best i got was

for the SV with premiem package and technology/nav = 38k

Lease 399.99 monthly payment with 3000 down.

Is this a good deal or should i look elsewhere?

carexpert08 · September 2008

Call Kings Nissan they will give you about 399 a month with 0 down.

Also guys I wanted to find out
I am getting a 349 with09 maxima sv for 349 plus tax a month with zero down only bank fees and mv fees upfront. I wanted to get an opinion is a premium package worth an extra 50 a month?

fuego252 · September 2008

I just called kings nissan and they told me there is no way possible to do that deal.

carexpert08 · September 2008

email me I will foward you the email me
vercetti0@gmail.com
I'll tell you who to speak with.

CarMan@Edmunds · September 2008

Hi ucjjg. Kcbny is right. NMAC's current buy rate lease money factor for the 2008 Maxima is a terrible .00280 right now. That's the bad news. The good news is that this lack of lease support means that the $4,000 customer cash that Nissan is currently providing on the '08 Maxima can be used on leases. Still, if I was personally interested in leasing something right now the lack of lease support on both the 2008 and the 2009 model would steer me away from the Maxima.

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rxke · October 2008

Where is Kings Nissan located (city/state)?

Thanks

fuego252 · October 2008

I was offered a 09 maxima SV with premium package and navigation tech package. MSRP 38,300. The car is a demo so it has about 1000 miles on it. How low should I negotiate for a car with 1000 miles. I currently have them down to 36800. Thanks in advance for your help.

P.S. Kings Nissan is located in Brooklyn New York.

zman16 · October 2008

I just returned from a Mass nissan dealer and was quoted a purchase price of 30,715 for 09 Maxima SV with cold weather pkg. The dealer stated that since I am returning a 06 maxima lease the mfg is giving 1,000 dealer cash which is reflected in the price above. He also quoted me a reduced mf of 0.00255 for 12k 39mos that Nissan is providing for previous Maxima owners good until the end of the month.

Has anybody else heard of these incentives? Nothing is posted on the nissan website.

fuego252 · October 2008

Hey zman16 the salesperson Ive been working with also gave me the same info. My current murano lease is ending and I want a maxima. The sales guy told me that if I were going from a maxima lease to a new maxima lease the mfg would give me 1000 dealer cash as well as the reduced price.

zman16 · October 2008

Hi Fuego252,

Thanks for confirming things. The reduced MF still translates to around 6.2% but if I can get them to reduce the selling price another 600 or so I may take them up on the lease offer. They admitted that they are having difficulty moving cars at this time so even though we are up against high interests rates one can probably get a very good selling price to help lower the payments.

What area are you shopping?
Best of luck!

fuego252 · October 2008

Im in new york. Where are you currently shopping?

zman16 · October 2008

Central Mass.

I just had a second dealer call me after I replied to an e-mail telling him that I was quoted 30,715 which included the 1,000 cash as an incentive to previous Maxima owners. He said that he checked with his mfg rep and that the 1000 incentive expired in September but the mf reduction still applied. Even without the 1000 offer he said he could beat the 30,715 price I was quoted. Now I don't know what to beleive.

As an aside, a 3rd dealer offered me an 09 accord V6-L for 600 under invoice without any haggling. Just last month they offered me 500 off invoive on an 08 model using the 500mfg cash offered from Honda. It seems as if all dealers are having difficulty moving vehicles these days. If Columbus day sales are a bust I think things will be even more favorable.

gs42 · November 2008

I'm doing the deal tomorrow. The factory offer expires December 1. Exactly as advertised on the Nissan website. $339.00 per month 39 months. We plan to buy the car if we like it as much as I think we will. I'm keeping my current vehicles and will put only 6-7k per year on the new one.

The residual is $19035 so the deal seems fair to me and I really like this car which I can lease for less than a nice Honda V6 and the Maxima has more of everything as far as I can see.

zman16 · November 2008

You can get a better deal than the advertised "special" just negotiate the selling price and use these numbers in a lease calculator:

2009 Nissan Maxima S
24 Month  Residual 72% of MSRP  .00258 Base Rate
36 Month  Residual 63% of MSRP  .00258 Base Rate
48 Month  Residual 49% of MSRP  .00335 Base Rate
60 Month  Residual 42% of MSRP  .00335 Base Rate

You should be able to get a selling price below 27,000 given the state of the economy.
Acq. fee = 595.

gs42 · November 2008

I'm sure that some dollars may have been saved.

This is the factory offer. The dealer was pretty much a go-between or facilitator for the company,

2009 Maxima S with splash guards and mats, model 08219. Subject to availability to well-qualified lessees through Nissan-Infiniti LT. $31,205 MSRP includes destination charge. Net capitalized cost of $27,575 includes a $595 non-refundable acquisition fee. Dealer contribution may affect actual price set by dealer. Monthly payments total $13,221.00. At lease end, purchase for $19,035.05, plus $150 purchase option fee (except KS and WI), plus tax, or pay excess wear and tear plus $0.15 per mile for mileage over 12,000 miles per year. Lessee is responsible for maintenance and repairs. See participating Dealer for details. Offer ends December 1, 2008.

I feel better that I paid no taxes, title or acquisition fees which th Nissan ad indicated were required.. The quoted residual is down to low 18k if we want to buy it. If I like this car...and, MAN, I like it so far,we will go ahead a buy it it in a few months As I read the lease, I'm paying only 27k after the acquisition fee is waived.

The dealer added a set of mats and a wind spoiler for the moonroof. 337 a month is niot bad for a car that needs nothing in its base form. This isn't your cousins Maxima. Ride is good, but leans toward sporty handling. It is VERY quiet inside at highway speeds.

All in all, the most for the money a buyer can get at this point in time. Luxury, power, handling and passenger comfort in one package.can be matched perhaps by a G8..now try to buy one or lease one for anywhere close to the Max.

it is more than I expected. A Buick sedateness and conduct in ordinary driving, and a V-8 dig and torgue when the engine is asked to go while cornering and handling well above the norm. I plan to like it a long time.

tiger93 · December 2008

Carman -

Would you mind posting the December lease program for the 2009 Maxima SV with sport package? 39 month 15k mile. If you could also include any bonus cash that Nissan is offering on this model for lease customers that would be great.

tenstepn · December 2008

Carman,

I'll second that request...I am really leaning Accord EXL V6 but the Maxima, might fill the sports car bill better than the Accord...and if the payments are better, I could be sold!

zman16 · December 2008

The payments won't be better on a similarly optioned Maxima.
You may be able to get a Maxima S for a little bit more than the accord EX V6L.
A similarly optioned Maxima will be much more expensive.

I believe these are the numbers for the Maxima 12k 36 mos. I suspect that they will be improving next month and maybe even as soon as this weekend:
2009 Nissan Maxima SV
36 Month  Residual 59% of MSRP  .00258 Base Rate

2009 Nissan Maxima S
36 Month  Residual 62% of MSRP  .00258 Base Rate

2013 and earlier Nissan Maxima Lease Questions

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