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2013 and earlier Nissan Murano Lease Questions
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Car_man
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You can always lease Nissans for either 36 or 39 months. Dealers don't exactly make any more money on 39 month leases than they do on 36, but 39 month terms will usually have a slightly lower payment than the 36 month term will because you get to spread out the large initial depreciation hit that new vehicles always experience out over three additional payments. Lower payments make it more likely that consumers will bite on deals.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thank you for posting the March numbers. I am currently in negotiation with a dealer North of Boston for a lease of a 2010 Murano SL AWD with premium package. I am getting out of my 2006 Murano lease (maybe or may purchase) but I don't think I did a very good job my first time around. Can you please advise me of my current offer, I feel as I am being talked in a circle...
Murano SL AWD, 15k miles, $2500 out of pocket, $397 after taxes $422 per month for 39 months. They are telling me the following for details:
Cap cost - $32,422.81 then a $750 rebate making it $31,672
Residual - 54% $17, 499.40
Money Factor - .00221
Invoice - $33,080, dealer holdback $926 = $32,154
Any help you can offer would be much appreciated.
Also, if you have any thoughts about buying my current Murano for $17,752.01. It is a SL AWD with 62k miles. Needs all four new tires which will run me about $750.
Thank you!
Yes, tires are dead. I was not clear in my original post. I have 52500 for my original lease then extended 6 months and have a total of 60k. Would end up paying $450 in miles.
I just turned in a Murano. I had 1 bad tire. Went to a used tire place (that is also online) and bought oem with 5/32 (more than I needed) for $30 plus mounting.
I went to: http://www.bestusedtires.com/. I search their prices on the internet and then drove to the place in Bethlehem PA. There are probably places near you that offer the same service.
We are considering the following offer:
2010 Murano SL AWD
Premium,Technology, Navigation.
MSRP $39,800
Sale Price: $35,200
Out the Door total cost $37,000
60 month purchase at 2.9%
There is an additional 1250 rebate available however you loose the 2.9% financing and it jumps to 4.9% which works out to be be worth it.
We have until the end of this month to turn in our current Murano. Should we hold out and wait for a better offer or move forward while they have what we want?
There is an additional 1250 rebate available however you loose the 2.9% financing and it jumps to 4.9% which works out to NOT be be worth it.
According to north-east lease special ad on nissanusa website, as seen 03/15:
" 2010 Murano S AWD w/ Splash Guards & Mats model 23210 subject to availability to well qualified lessees through Nissan-Infiniti LT. $30,760 MSRP incl. destination charge. Net capitalized cost of $25,483 . Dealer contribution may affect actual price set by dealer. Monthly payments total $11,661.00 At lease end, purchase for $17,533.20 plus $150 purchase option fee (except KS & WI), plus tax, or pay excess wear and tear plus $0.15 per mile for mileage over 12000 miles per year. "
S' Residual = 57% for 12,000 mi: lease end purchase price * 100 / MSRP
From CAR_MANs posts:
SL - 54% for 15,000 mi (55% for 12,000?)
LE - 52% for 12,000 mi
Can residual be that much different between trims on same model or are my calculations for S' just wrong? I though this is the legitimate way to calculate residual...
Thanks in advance
MSRP $39,165 (LE - no nav)
12K per yr
39 mo
$3K down
51% residual
0.00221
Lease = $ 505/mo plus tax
Dealer said selling price = invoice (never told me exact price). Still too expensive, in my opinion.
this is my first leased car and I'm already uncomfortable thinking about what to do? Is $18,783 a fair price? I really do like it alot. However, I also am considering leasing a less expensive car - like the maxima. I don't want to put any more money down.
Lastly - we experienced a really bad year (2 yrs ago) and our credit rating will be nowhere near what it was when I leased the car... how will that play into this? Any advice would be very appreciated. I've read these boards but am not understanding all the nuances of turning in a lease.
I was looking to lease a 2010 AWD Murano SL/Nav for a long time. My current Murano lease finished in January, and I have extended the lease, ending up paying a higher monthly (due to tax increase). So my original payment was 389/m and for the extension I have been paying 424.
I went today to the Dealer and put a deposit on the following deal:
2010 AWD Murano SL / Nav, 12K/year, 39month lease.
MSRP: $39,460
Selling price: $34,979
mf: .00221
Residual: 55%
---
No down payment, will have to pay taxes/first m/deposit/destination charge/- total of $2,200
Monthly payment: $440.
WHen I calculated the monthly with the above numbers it came to $465.53.
Please tell me if this is a good deal? I gave a $1,000 deposit, and will have to go on Tuesday to pick up the car. Just want to make sure that everything is in order...
Thanks!
I am not familiar with the current market value for used Muranos, but you should be able to get a good idea of whether your vehicle's purchase option price is a good deal by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".
If your vehicle's purchase price is less than or similar to its current value on the open market then you may want to consider buying it. If not, walk away.
Car_man
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Also, I wanted a black murano, but they are got me a silver one, saying that there is NO BLACK MURANOS in all tri-state. Seriously?! I just checked their inventory online and they do have the black one exactly in the trim I want.
The other important aspect of this deal is your vehicle's selling price. The Murano that you described probably has a spread of around $3,400 between its full MSRP and its dealer invoice price. In some areas there's an additional $750 cash incentive on this model. So you have anywhere from $3,400 to $4,150 to play with in your negotiations depending upon where you live. The $4,481 discount that you were quoted looks good to me.
If you like the vehicle, I personally don't see any reason not to go for it.
Car_man
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Current payoff $20,167
Amount due in July $19,084
What's the best path to take:
1. Do I return the car in July to the dealer? Can I return it now without any penalties/return fee?
2. Do I sell the car third party? If so, how do I deal with sales tax, who pays?
3. Can I have someone take over the lease? If so, how?
I'm not planning to get another Nissan.
Thanks for your advice.
From this site, it looks like the residual is less than what the dealer would sell it for. What else do I look at to ensure that I"m getting a decent deal if I buy the car? I didn't understand the last paragraph of the previous post.
I contacted nissan finance. I believe they had already sent me some info. The number is in your payment book. They gave me a payoff # (my contract buyout plus tax) sent me simple paperwork (mileage statement). I sent a check and got the title. NO FEES. I think some dealerships charge turn-in fees. Then they try to sell you another lease while you're there.
My home equity line of credit was cheapest most flexible way to pay it off. We pay at least what the lease payment was, often more, so it will be paid off sooner. I look at it as buying in reverse, with the down payment at the end. At least I'll have equity left in 3 years, and a car to sell or drive for a while w/ no payments. Can't lease 4ever.....well, some can, not me.
I used nissanwarrantystore.com and got a good deal (several hundred less than dealer) on the exact same nissan gold preferred warranty as when you buy new. You can still buy it until the end of your factory warranty. They are Nissan of Santa Rosa, a dealer in CA who sell warranties online (or by phone). My dealer couldn't/wouldn't match it. Tried to sell me the used care version. I called other dealers and confirmed I was eligible for the new car version, then bought it online.
Of course, one month later they extended the transmission warranty, removing one reason I had bought the extended! I still feel better having it. Car will 4 in July. No problems yet! Good luck!
like a lot of people in the situation, i also feel like buying it is the best option, esp. since i'm under my mileage by quite a bit.. and the value of the car is higher than the buyout at this point
one thing others have suggested to me is to take your murano to a nearby carmax dealership and have them appraise it.. you don't have to commit to selling it to them, but at least you have another sense of the worth or your car
i'm hoping to do that in the coming weeks when i have a free weekend.. will post on that experience!
To Whitall:
"I contacted nissan finance. I believe they had already sent me some info. The number is in your payment book. They gave me a payoff # (my contract buyout plus tax) sent me simple paperwork (mileage statement). I sent a check and got the title. NO FEES. I think some dealerships charge turn-in fees. Then they try to sell you another lease while you're there. "
I wonder how that works.
I talked to Nissan Finance about sending them a check for the payoff # + tax, but they said they couldn't do that, they still wanted me to go to the dealer. I called a Nissan Dealer and they said the same thing. Plus in addition to that, dealer will charge "dealer fees". Another rip-off.
My plan was to sell this car private party and in order to do that, I need to buy the car first. But if there's too much hassle, I may need to just return the end of the lease term.
Read this article: http://www.edmunds.com/advice/strategies/articles/48244/article.html
Does anyone have experience on dealing with this before? Prior my Murano, I leased a car with US Bank as the lessor. We never need to go to the dealer to purchase the car. Why is it different with Nissan Finance?
Thank you.
Apparently they were the official "owners" of the vehicle, That is the address my title and bill of sale came from.
I leased July 2006 in NJ and it was up in Oct '09. Maybe something is different with your lease? Maybe it is too soon. Maybe they are trying now to make people go to dealerships so they buy more Nissan?? But I'm sure they are happy to sell the off lease ones too....
Have you started to get letters telling you to check your car for damages, schedule inspection etc? I got those starting about 3 months before the end. One of them had a number to call if you wanted to buy it out. If you didn't get the letters yet maybe it is too early.
Good luck!
You seem to know the market for lease deals. I would appreciate it if you can review my specs and let me know if this is a good deal or not. Thanks in advance. Here are the specs:
- Murano SL 2WD with Premium Package and Leather Package plus after market bluetooth kit ($395)
- MSRP $33,310
- Dealer incentive of $1,250
- 39 months, 12K/yr
- $3K down
- monthly payment of $455 incl. taxes
The lease factor details:
- MF: .0221
- Residual: 53%
Thanks again for any perspective you can provide here.
MSRP ~40.5k
Negotiated 36k
Some nissan cash + 750
Admin + 240
Nissan Discount -1000
Final price = 35,990
Down $1500 (covers tax + 1st payment etc etc), Lease for 39 months, 15k miles
= 538/month
Without the 1500 down payment, Lease for 39 months, 15k miles
= 567/month
Residual is ~$21900
What should I be aiming for? I want to get the number to around 475 with 1500 down. Is that do-able?
Thanks.
Thanks.
515/m also includes 3 years of free oil change, tire rotation and service.
The "great price" on Truecar for the configured vehicle is 35,434.
Better ?
Yes, premium package, leather, moonroof, Navigation and free maintenance for the life of the lease...
I say it's a good deal
What color are you getting?
I wanted a black/beige leather one, but they forced a silver/black leather one on me
- Murano model puchased: Brillian Silver Murano LE AWD
- Purchase Date 3-31-2010 (by design )
- Vehicle Options:
Splash guards
Roof Rail Cross Bars
Floor Matts
- Total MSRP: $40,010
- Purchase price paid or lease rate negotiated (before tax, etc): $34,100
- Financed 60 Mo. @ 2.9%
So this is a fully loaded LE AWD and you are negotiating for a fully loaded SL AWD plus nav. I dunno - what do you think?
The $500 that you mentioned is not compatible with Nissan's special lease program, however in the areas that the $500 is available Nissan is providing a special $750 cash incentive on leases of this model.
Car_man
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Unfortunately, you never mentioned the other important aspect of this deal (besides the payment of course), this vehicle's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is more difficult to tell how large a dealer discount you are being given and in turn how much, if any, room there is left to negotiate.
Let us know what the selling price is for the Murano that you're interested in, and I'm sure that either myself or another helpful community member will gladly tell you what they think.
Car_man
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for a 39 month lease
1st month payment 313.35
fees & ins 105.00
up front taxes 1442.67
cap reduction 3894.00
total inception fees 5755.02
retention rate .00221
residual base 54.00
residual bump 1.00
total residual 17,770.50
purchase option 17,920.50
vehicle cost 29,500.00
aqusition fee 595.00
total cap reduction 3894.00
total cap cost 26,201.00
miles allowed 12k a year
additional miles .010
total miles allowed 39k
max advance$ 37,751.50
max advance % 115
max reserve rate .00125
registration 105.00
Can anyone tell me if this looks to be inline for 2010 murano sl 39 month lease
thank you in advance
greg