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2013 and earlier Nissan Murano Lease Questions
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Thanks again for your help!
This is a no-no deal. I had the same car for $415 in December and I know 2 people one that I recommeded and another one who posted on Edmunds who bought the AWD SL moonroof/leather for $31.7K & $31.9K. I was going to pay $28,500 for that same car that you are getting for $29,500. Right now I am paying $430 per month on a 2010 AWD SL with moonroof & leather, no way you should pay more than me. What area are you located in? send me an email at cutco70@yahoo.com. If you are in the Tri state area I can hook you up with my guy and he will definitely sell you the same care as he sold me for the $437 or even less. By the I did not even mention that the dealer paid off my $18K balance for my 07 AWD S Murano. The best offer I got from another dealer was $440 per month and $15.5 K for my trade. Email me I will be home later looking for your email, I can give you some pointers and if you are in my area, I can definitely help you get a better price, I did it for 2 other people on this site through my guy and no reason I cant do it for you. You. I will look out for your email or reply
Nissan Motors Acceptance Corp.'s January buy rate lease money factor and residual value for a 36 month lease of a 2010 Murano SL 2WD with 15,000 miles per year are .00182 and 51%, respectively.
To the best of my knowledge, Nissan is not currently providing any loyalty offers on this model.
Car_man
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Car_man
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Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2010 Murano SL 2WD with 15,000 miles per year are .00221 and 53%, respectively.
Car_man
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I have been leasing a 2007 Murano SL FWD- I don't remember the exact packages I got on it, but it has full leather, full power including sunroof, nav system, heated seats, keyless ignition, 6-cd changer. I've been paying about 416/month (went up when tax rate went up!) and I'm now coming to the end of my lease.
This is my first leased car so I am just wondering what people think would be my best option for the end of the lease. Here are some numbers:
My car has just about 30000 miles on it and I've kept it in good condition, no accidents, mechanical problems, just a few minor scratches.
The residual value on the car is $18,860. I used the Edmunds TMV and it looks like it came up with $19,111 (tradein) to $24000 (dealer retail) when buying my car.
I'm thinking that with my seemingly low residual it would be a good deal to buy it? I was wondering what other people thought about my residual number and if it's a good value?
I like my car, but don't "love" it so much that I wouldn't consider other options. For example, if my residual isn't a great value, I wouldn't be opposed to leasing something else.
But I'd want to keep my lease payments around the same (450ish) on a crossover SUV with similar packages to the one I have (leather, keyless, don't really care about nav much)... I haven't really been shopping around yet so I'm not sure what kind of values are out there, but is it likely to find a new lease for that amount of a similarly equipped car to my current (I used Edmunds to take a quick look and it looks like a 2010 version of my Murano would run me 500+)?
So basically I'm just wondering if my residual is good enough of a deal that I couldn't pass up buying my car, or if it's not really a great deal and I should look into a new lease or other options (though maybe not a used car since I'd rather just buy my own used car).
Sorry for the long post- I just wanted to be as thorough and clear as I could! Thanks for all the help and advice, as always!
I was wondering if you or anyone else have the February #s for a SL AWD. 36 months and 39 months, 15K for both. Is there an advantage going 39 months instead of 36? Also, if New York is a participating rebate state?
Thank you!
I think it's a great deal. I hated to let Nissan "make out" on it by turning around and selling it for 23 or 24k, when I already paid so much on it. I think the main thing is your financial situation. Is there a car you love right now, or do you think waiting another few years might bring more options or new models that you REALLY like? There wasn't another car out there that I was dying for, and I only used 24k of my miles, so I didn't want to give it back, having only used 2/3 of the miles I bought. In 3 years I'll have equity in it that I can put down on my next car.
Once I decided to keep it I got an extended warranty, gold preferred, same as you'd get when you buy the car new from Nissan of Santa Rosa (in CA). I'm in NJ and I got it online at nissanwarrantystore.com for a great deal to make me feel secure for 4 more years.
The TRANSMISSION warranty extension by Nissan makes me feel good too. I might not have bought the warranty if I'd known about it.
Also, I bought my lease out direct from Nissan finance company. I think the dealer would charge a fee and Nissan didn't. Also, dealer will try their hardest to sell you a new car!
Quick question.. if I buy the lease out directly from Nissan finance, do I even need to take it into the dealer? Or can I just take care of that over the phone/online or something?
Or do I have to take it to my original dealer and do some end-of-lease dealings with them, etc.?
I'm leaning toward just buying it out since it seems like such a good value (though I will def. check out a Carmax.. interesting idea!) so I'm wondering what's the easiest way/least hassle to buy it out.
My lease ends in June.. can I just contact Nissan and buy it out now (adding in the final months payment to the cost I assume...)?
Thanks for the help!
2010 Murano SL AWD with premium, leather, tech, and nav
MSRP: $38260
Agreed value of the vehicle (Cap Cost): $34890
$1900 due at signing
resid is 54% and approx .0022 mf I believe
12k/39 months
$499/month which includes taxes
Based on my calcs it's pretty good...please let me know what think. I should mention this is one of the areas that has the $750 rebate as well.
Your deal looks pretty good in my opinion. I am looking at a SL AWD with premium, leather, moonroof $36,110 and the best offer I've gotten is $499/month with 2k down. 39/months, 15k/year. I've asked for a breakdown of what the 2k down covers but he's kind of giving me the runaround.
Just don't forget to factor in the $750 rebate if your area has it. That should allow you to go below invoice on the purchase price...don't let them tell you different.
Just one comment, maybe Carman can confirm this is a correct statement but I think Feb leases are a little more expensive because the MF went up from Jan/Dec.
I guess Nissan is adding another $500 for the presidents weekend. My only dilema at this point is I still have 2 payments left on my current lease, so do I wait or do I have an extra car for two months (no telling what future rates/rebates will be). Boils down to is the price right!
Thanks again for the info.
Like I said, the dealers are hurting and it is their JOB to convince you that you NEED a new car, when your old car is the best used car you could ever get. Sure, you can keep your same payment and drive a new car...but you'll do that for the rest of your life if you keep leasing over and over and never get any equity. For me a big reason was that in my lease I paid for 39k miles and no way was I giving them the car back with only 25k on it.
Good luck!
Unfortunately, New Jersey is not one of the states where Nissan is providing the $750 cash incentive on leases of the Murano.
Car_man
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Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2010 Murano SL AWD with 15,000 miles per year are .00221 and 54%, respectively. The numbers for an otherwise identical 39 month lease are .00221 and 53%. It appears as though the monthly payment will be slightly lower on a 39 month lease than it would be on a 36 month lease.
Unfortunately, New York is not one of the states that has the $750 cash incentive on leases of this model.
Car_man
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Car_man
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Car_man
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Do you have current lease numbers for a 2010 Murano LE AWD, 36 months, 10K or 12K/year?
Many thanks!
I think I'll see what a local Carmax offers me for it and go from there!
Maybe in spring I can get a similarly equipped Murano (new) for a similar lease as mine.. in which case I might consider it?
At least you will know all your options. What if you buy out your lease when it's up and then next December get into a new lease. I wonder what Carmax would offer at that point? I say that because I read the best time of the year to get a deal is the last 2 weeks of December. I usually buy July/Aug and get leftovers.
Have fun! Try not to overthink yourself silly!
He is the short story. I have previously leased 2 Toyota Highlanders before my Murano lease. In both of those leases, I returned the cars with "Under" mileage on them, one time as much as 3k miles under the contract. I have had my Murano since Nov. 2008 and I already have 17,000 miles on it. I haven't changes my driving habits or gone on any high mileage trips and I don't even drive this car as a daily commuter. The car seems to be consistent with clocking a mile as I drive and compare to the highway mile markers but I was wondering if the computer is just adding a 100 here or there, after all its probably a computer in there and not a fly wheel.
We still have 4.5 months to go before the lease is due, but we've been searching the market for another Murano and other SUVs. The 2010 LE Murano will be an upgrade, and plus with customer loyalty program it will be the best way to go vs leasing another car. But I was surprised to learn that the residual value for an LE is much lower than SL. A dealer showed me the list. 0.00221 money factor. But residual for LE is only 49% vs. SL 53% vs. S 56%. Does it sound right to you guys? Shouldn't the more well equipped car has higher residual value?
The dealer gave us an estimate of $600/mo with no money down. That's just too high. For that much we could get MDX or GLK.
Also, does anyone know if Nissan accepts early return if the owner lease another Nissan car? Or should we wait until July then lease another one, hoping the price will get better?
We're looking for an AWD LE Murano with no nav/DVD, MSRP around $39K. We live in Salt Lake City. Was wondering if we should stay with SL vs. LE, hoping to pay around $400-$450 for a new one.
Thanks for your input.
It does appear that S and SL trim levels have a better residual. If the money factor changes, preferrably down, couldn't an LE residual be brought up? For e.g. our '07, SL has a (relatively low) 51% residual but our money factor was/is 0.000375 (execeedingly low).
Every dealer we have visited has plenty of S but almost none of the SLs, LEs. We know of two in the area but they won't budge on the current offers. We have plenty of time and in reality if we come across another brand that gives us more car for about the same money we will go for it. I agree that the best time to lease a car is just before the end of the month and just prior to the new models arriving. Thanks for your feedback.
Getting a good lease deal is highly dependent on the incentives offered by the captive financial companies of the car manufacturer. Whether it's unrealistically high residuals, or below-market money factors, or straight out manufacturer-to-dealer cash, that is what helps you get a low payment. If the leasing institution is offering a good program, then how tough a bargain you drive with the dealer will decide if you get merely a good lease payment, or a screaming bargain.
The lease deals on '07 Muranos were very good... on the new models, not so much... Good lease deals, in general, are few and far between, these days. Something about a credit crisis... maybe, you've read about it?
Sometimes, you have to be willing to look at competitive models, if you want to keep getting low lease payments. (though, right now, I can't think of any low leases on crossover SUVs).
regards,
kyfdx
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See my previous comments last week. Here in Utah the price is outrageous but also because SL and LE are rare. A dealer called us this week to offer LE Murano w/o Nav for $600/mo, $3K down. He said he could do an SL loaded for $450/mo.
If we need to go over $500/mo we might as well start looking at GLK, MDX or Touareg. Why paying more for the same car.
Just hoping the price will be better when our lease is due in July.
The residual is FIXED because it is based on the MSRP, so the lower the negotiated selling price, or Capitalized Cost, the better the lease. The Gross is the selling price PLUS all the bs they got you to pay, NOT the other way around. There is no way to know if your payment was a good deal, without knowing how much money you paid up front as a cap cost reduction.
You are always better off negotiating the lowest selling price possible, THEN tell them you want to lease the car using that number.
And to Healthyheart, you want the capitalized cost to be WAY under the MSRP, not equal or a little less. If that were the case you got no deal at all. I want the capitalized cost as close to the lowest selling price as possible preferably UNDER invoice
Also, you normally quote a 36 month lease, but the dealers only seem to offer 39 months. Are both 36 and 39 options always available? I assume the dealers go with 39 because it's better for their bottom line.
Thanks you!