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2013 and earlier Nissan Maxima Lease Questions
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A dealer told me that the MF on a 09 Maxima SV has dropped to 00208 on 39mos 12/k per year leases. Could you please confirm the residuals and MF for december.
Thanks in advance! Your input is greatly appreciated!
Dealer was lying..... imagine that. :mad: The MF is still 00258. Anyway, I'd still like to know the residuals. Does the residual change on a 39mos vs 36 mos.
Thanks again
I don't believe that Nissan is currently providing any bonus cash on this car.
Car_man
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Car_man
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As far as how good a deal this is goes, the best way to evaluate a lease is to look at its selling price, It's great that you already know what that is. All we need now is something to compare it to. Do you know either this car's full MSRP or dealer invoice price? If so, let us know and I am sure that myself or another knowledgeable community member will be happy to give you their opinion. If not, you can look it up over in the New Vehicle Pricing section of this site.
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Anyone else receive similar numbers? I've been working over the phone with the dealership that I have typically leased with in the past. So this is their first offer, but I'm going to stop by and go over the numbers in detail with them.
Just haven't seen much on this board on other lease offers in a while.
Lease terms $425/mo, 39 mos, 15K miles. $4,400 down, including 1st mo, payment. Dealer is also paying the final month on plus damage charges (Bullsh*t) on my current lease ($550).
Residuals are 55% and .00226 Money Factor.
The numbers sit OK with me on the deal, after the $550, their profit is about $145.
Reviewing paperwork, numbers don't match to negotiations. Going to Void deal until I get this straightened out.
I live in LA. I went in today asking for a Nissan Maxima 3.5SV with Sport and Technology Package to lease. They checked my credit score and it was 648. Then they said I don't have enough credit history (basically about 2 years) and that it's a problem.
First they said a lease is out of the question. Then the whole "let me get the manager" trick happened and they said a lease would be possible if I put a down payment. Then they asked how much I'd be willing to put down and I first refused to answer then eventually I said a maximum of 4K.
Then they proceeded to say they'll call me tomorrow with an answer if a lease is possible. I asked if they even have the kind of car I want in the colors I want in the inventory and they checked for 2 seconds on the phone with someone and said yes, but they didn't offer to show me the car or anything.
So I left and tomorrow I have an appointment with a different dealership.
Now, is this credit history issue a trick or is it legitimate? I've had that problem with renting an apartment where they required a down-payment but on rent, my down-payment is actual months of rent.
if I MUST put down a down-payment what's the highest amount I should go for?
And also, if the car online goes for 38,105, what's the lowest amount I could negotiate for, in your opinion?
It's my first time leasing a car so I don't want to be swindled.
Thanks in advance for any speedy answers to this!
You have to remember credit priced on risk. The less credit (and history) you have, the higher the risk, the less a finance company is willing to lend without making you PAY for their taking a risk.
My credit was in the crapper when I got my last lease, and then I went to a chain highway dealer who really put me through the ringer. The only reason I got approved (2 weeks later, after making me take the car & leave my trade-in , virtually as hostage), was that I was a prior Nissan customer. Had positive history on prior leases, only one was with Nissan-Inifniti (it was for an I-35 I had turned in early), plus I owned my home & had a perfect history with my monthly mtge payments.
In the past, a FICO of 650 would have easily opened doors for you, not today. Amex lowered my credit limit because I was at 640 or so & citing delinquencies. I pulled my own report and there were no delinquencies (which I knew), only negatives was that Infiniti was still showing the lease I paid off in 2003 as open, and an open balance of $100 with Lowes!. I had to get that corrected myself, and my score went to 750.
Remember that very few car companies are leasing because they're getting killed on both defaults and residual values. My current lease is with Nissan, so I was prequalified for $580/mo @ tier one, yet they still pulled credit! You have no history with Nissan, so they may NOT be willing to lease....if you notice their ads say "Tier 1," Others, Like Honda, are offering leases only to "well-qualified." In your case, you may have to pay higher money factor (again, cost of the risk), etc.
You also need to realize that taxes, fees, etc, will be come out of your down payment, so even tho' you may say $4K, you might only wind up putting $2500 as your cap cost. Your payment might be in the high $600's. Can you afford that? Again risk.....
Finally as far as inventory, go to Nissanusa.com, follow the steps to build your car and then you put in your zip code and you can check inventory of local dealers, so the fact that your dealer is being uncooperative is BS, you can find that out yourself online. This dealer doesn't want your business. Go somewhere else.
Just remember to not get caught up with emotion over the car, don't react positively or negatively, just take in what they say, think about what you're gonna say before you respond.
Car_man
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I am wondering if you could tell me what the states tax your lease includes. I got an offer today $0 down(tax,title,lic,1st payment all rolled in) for $519. 12k for 39months. Money factor was 0.00226 and residual 56%. Just trying to gage where my deal is in relation to yours and what others think of my deal. MSRP: $34605, sales price: $31995.
Thanks all for your input.
I am in michigan, 6% sales tax. I don't know what state you are in, but I will say here is southeast michigan is not like outwest or down south. Around here everyone has a brother, cousin, inlaw, or friend that works for the big three. So as you may imagine, 97% of the people here drive an american car. I don't think I got the deal of the century, but I do think that foreign dealers have a harder time selling cars around here and are more willing to deal. Most of ohio is pretty much the same also. Hope this helps.
I am in Chicago about 20 miles west. Sales tax is 8.25%. Just trying to see where my deal is in relation, i think it is awfully high so I am not going to act. Thanks again for responding.
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Could you please give me the February lease terms for both the Maxima S and SV for both 36 and 39 month leases with 12K miles per year. Also, does Nissan apply the residual percentage to the entire sticker price or do the same thing with residuals like Toyota where the residual percentage is not applied to some or all options which means you have to pay for 100% of the options in the lease.
I know I'm all over the forums asking you for lease numbers but I'm just trying to compare the lease terms of various cars. Thanks.
thanks
NMAC's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Maxima SV with 12,000 miles per year are .00226 and 57%. the numbers for an otherwise identical 39 month lease are .00226 and 56%.
This is Nissan's February lease program. It is scheduled to run through March 2nd. If you would like Nissan's March numbers, please check back with me in a few days and I will gladly fill you in on the details of the new program.
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That's great that Nissan allows residualization of most dealer installed options. I don't remember Lexus doing that when I leased through Lexus Financial Services. I'm assuming that Infiniti would have the same policy with dealer installed options. Is that correct? Thanks.
Sam
Any word on the March leasing terms for the 2009 Maxima SV? Again, I'm interested in 36 and 39 month leasing terms for 12K and 10K miles per year. Thanks in advance.
Sam
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Maxima S
39 Months 10K
340 month (Including bank fee)
First, tax and plates total due at signing total ($1685)
Money factor ,00220
Residual 58%
MSRP 30,185
Cap cost 26,342
Adjusted cap 26,937 (over 2000 under invoice, 750 cash back to dealer included)
Went through Hann financing which does have a 450 disposition fee, but NMAC has a 350 fee i hear as well so no big difference and gap is included being that it is NY
How were you able to negotiate the $2,000 under invoice? Usually they are not available in nyc.
I was able to find more than $2K off invoice for 2009 SV in tennessee though:
http://www.autonation.com/index.cfm?vehicle=2009_Nissan_Maxima&action=InventoryS- - - - earch&subaction=SearchDetailNew&InventoryID=16802832&inventorytype=New&preauctio- - - - nsearch=
I am also looking for 2009 Maxima SV March, 2009 lease rates. I am interested in 36 month/45000 and 39 month/48750 money factors and residuals. Please also list any applicable rebates/lease cash/etc you are aware of.
Thanks,
Brian
This deal is $3,000 below invoice. Probably not available in NY though.
http://www.autonation.com/index.cfm?vehicle=2009_Nissan_Maxima&action=InventoryS- earch&subaction=SearchDetailNew&InventoryID=16802832&inventorytype=New&preauctio- nsearch=
I'm not sure if NMAC offers leases with only 10,000 miles per year, but if it does the residual values for that allowance are probably 1% higher than the above residuals.
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Can you please give me the April leasing terms for the 2009 Maxima SV sedan? I'm interested in 24, 36 and 39 month leasing terms for 12K and 10K miles per year. This will be the last month I will ask for figures because the extension on my 2006 M45 lease expires this month. Thanks in advance.
Sam
You definitely don't want to lease this car for 24 months. Nissan is no longer providing support on 2 year leases.
Car_man
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Thanks
Any help would be greatly appreciated.
Thanks.
Also, what is the starting point when negotiating a lease with a dealer?
Has anyone received any good deals in Cleveland, OH
thanks
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What about other rebates/incentives? Is it basically wait til May? Since I have until mid-June, I can try for a better deal. I'm guessing the answer is that there is no way to know until May.