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2013 and earlier Nissan Murano Lease Questions
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I have a 2007 AWD SL Nissan Murano (silver) with touring package (sunroof, bose, etc) and only 25k miles on it. I got it from Tom Wood Nissan in Indianapolis. My lease is up in March of 2011, and even though its a year away, at this point now I feel like I want to buy it.
I think the worth of the car will still be more than the residual (about $17,000).
It's in good condition. I got rear-ended about a year ago, but other than that I've kept very good care of the car.
Do you guys and gals think in march 2011 a 2007 murano will be worth more than $17,000?
Does nissan negotiate buyouts? If not, will they set up a payment plan or do I have to go to a bank or credit union and get a car loan to send a check in?
Thanks for any help.
I read some of this thread and some of the buyouts were $18,000 - $19,000.
But every case is different since my lease isn't up until next March and it's $17,000.
I can't raise that kind of cash right now so I'll have to go through my credit union for a low interest(hopefully, I have great credit) loan.
I hope it'll be worth it. I really like the vehicle and don't want to give it up. But I don't want to overpay for anything(residual plus loan interest).
I do have about $3,000 saved up so I won't have to get a loan for the whole amount.
This is the first vehicle i've ever had so I don't want to give it up but I don't want to get ripped off either.
please any comments help thank u!!!!
Anyway, I took it to a local dealer (not the dealer I originally leased from) and told them I wanted to buy the car in cash with no financing. They sat me down in a room for some time as they waited to contact NMAC and run a 'safety inspection' on my car. All standard stuff I expected.
Some time later they came back and gave me a figure higher than my residual (thankfully I had called NMAC and got this number, or else I suspect they may have tried to claim it higher!) but onto my residual price they added on another $650, all before my state sales tax and document preparation fees.
When I asked what the $650 was all about, they swore to me that it was something 'they' (NMAC) forced them to add, and included the cost of doing the safety inspection. I was frustrated that an inspection that fixed nothing and would tell me my car was fine cost $650, but they insisted it was 'non-negotiable' after I explained that I had done all my service at their dealership and wanted some kind of break on the service fees.
In the end (after almost 2 hours) I finally went in to sign my paperwork. After the $650 fee and my taxes, a preparation fee of $50, a title transfer fee to the state of $25 and some Smog exemption fee of $10, the total I had to cut them a check for was about $21000. Clearly the taxes suck, but are unavoidable.
On my way out with my 'new' car, I stopped by the service department to see if I could apply the $650 I 'spent' there to my account (they have a frequent buyer type program) and they were confused because the inspection fee cost $0. They showed me the receipt, which listed it as $150, but then deducted that down to $0.
I went back to the finance guy angry and showed him the receipt. He then stated that the $150 was paid for out of the $650 I paid them (he says the 'sales side' paid the service side $150 for me first), and the other $500 was for various 'fees and charges and paperwork and for fronting the money' to NMAC (not sure what that means since I gave them a check for the total amount..).
Seeing as I had already given him my check and signed all the paperwork, I didn't know what else I could do. He gave me some nominal service credit since he was sorry he 'didn't explain it' well, but I still feel ripped off.
When I got home I checked my original lease contract and there was a purchase option fee written into it, but it was only $150 (again, from another dealership). I would have taken it back to the original dealership except they went out of business..
My questions are then:
1. Does the buyer usually have to pay for this 'safety inspection' and the $150 really was part of the $650 fee I was charged, or is that something that is usually waived entirely? I don't mind paying for an inspection fee if it's something that has to be done (even though they were not clear how they were 'charging' me for it).
2. Is a lease end fee of $650 reasonable or incredibly high? I feel like I got ripped off because he seemed so shady about explaining things to me, but if it's a normal fee, then it is what it is.
3. If that fee is really high, is there anything I can still do? I figure it's very slim, but I know dealers rely heavily on reviews and surveys Nissan sends out, so maybe I can use that as some kind of leverage to get more service credit I get?
I know ultimately this is my fault because I went in without having good preparation on what fees to expect, so in that sense I'm willing to chalk it up to an expensive lesson learned, but still... it doesn't feel great.
Thank you very much for reading and suggestions.. much appreciated!
There may or may not have been a lease contract violation here. hard to tell.
Does the second dealership still need to honor that $150 price, even though it was something figured out at the first dealership?
Honestly looking at my lease contract the $150 looks written directly onto the contract (not typed in by dealer) so I'm wondering if that's just a NMAC fee.
Are there any next steps I can take? If I contact NMAC, will they be able to help/clarify? I'm guessing now that they have their money for my car, they couldn't care less though...
I just hope it's still a good buy in March 2011.
Your best chance is to get NMAC to verify if they forced your dealer to charge you extra, my guess is no. Then go to your dealer and insist on speaking with the GM. If they want your future service business the they should make it right.
Good luck!
That being said, its your car now, and you know where its been as well. With a used Murano, that's a very important thing. You have a low mileage well maintained vehicle. It cost you at most $2500 more than it should have. In the long run, probably not too bad a hit and a key lesson.
As far as what you can do - I am not sure. I would absolutely ask Nissan. If dealer number 2 did not call NMAC at all, then they have committed fraud. And if they didn't have to tack on mandated fee of $650 but told you this, that is also fraud as well. If you are really pissed, just file in small claims court and make them show up and give testimony under oath. ( be prepared to do the same).
Car_man
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I have not seen any special enhancements to Nissan's programs for Memorial Day yet, but it is entirely possible that it will do something later on this week.
Car_man
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39 Months
12,000 Miles
ALL included (tax+tag+bank+anyFee)
Due at signing: First+DMV
Is $399/month reasonable? I would love to hear other thoughts! Thanks :lemon:
leasing a new nissan in several months. Does any one know how i could get the spreadsheet that allows you to calculate a lease payment. And what are all the figures that i will need.
Thanks very much
Lou
You can e-mail me @ lousax357@verizon.net
What is the residual value and money factor on 2010 Murano SL AWD (3.5L, 6cyl) with navigation, leather, technology and primium packages on 39 month lease with 12K miles per year?
I got an offer of $487 a month with $0 down and taxes included in payments.
Is it a good deal? Thanks!
Nissan Motor Acceptance Corp.'s July buy rate lease money factor and residual value for a 36 month lease of a 2010 Murano SL AWD with 12,000 miles per year are .00147 and 52%, respectively for consumers who qualify for its top credit tier.
Car_man
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Will the deals get better in August since we are getting closer to the end of the model year for the Murano? What about the residual and MF? When is the best time to lease as the summer winds down? My lease is up at the end of the summer.
Any info would be helpful!
Thanks CarMan!
I got a call from my dealer that if I turn in my car 3 months earlier they will get me a new lease for “slightly lower” payments because there is a high demand for used Muranos.
Is there a some sort of a catch I should know about?
Are there any lease incentives for 2010 Muranos?
Are there any specials for returning customers?
We are looking at LE AWD's primarily but also a couple of maxed out SLs. Can you please provide the August (or most recently available) MFs and Residuals for both the LE AWD and SL AWDs for 12k miles per year?
Many thanks.
Looking for NMAC's August MF and residual value for:
-2010 Murano SL and LE AWD
-12K and 15K miles/year
-36 months (is this an option through NMAC?) and 39 months
Also, are the MF and/or RV negotiable?
Finally, any special lease rates for Labor Day or September worth waiting for, or is it better to take advantage of the August specials?
Thanks!
NMAC's August 39 month buy rate lease money factor and residual value for a 39 month lease of a 2010 Murano SL AWD with 12,000 miles per year are .00147 and 51%, respectively.
Car_man
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NMAC's August 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 .00147 and 50%, respectively for consumers who qualify for its top credit tier.
Car_man
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Nissan is currently providing a $750 cash incentive on leases of the 2010 Murano in certain areas, of which NYC is one.
Nissan is also providing a $1,500 owner loyalty cash incentive on this model to current NMAC lessees, but I'm not sure if this cash is compatible with the early lease termination offer.
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 LE AWD with 12,000 miles per year are .00147 and 49%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical lease of a Murano SL AWD are .00147 and 52%.
Car_man
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NMAC'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 .00147 and 50%, respectively.
The numbers for an otherwise identical 39 month lease are .00147 and 49%.
The numbers for a 36 month lease of a Murano LE AWD are .00147 / 47%. The 39 month numbers for this vehicle are .00147 / 46%.
While you should make sure that the dealer is using these numbers to calculate your lease payment, you won't be able to negotiate a better deal than this. The main negotiable aspect of your lease is your Murano's selling price.
It's difficult to say what, if anything Nissan will do with its incentives for Labor Day. Nissan has a propensity to introduce incremental $500 bonus cash incentives on its models over holiday weekends. I would not be surprised if it did so for Labor day, but there's no guarantee that it will.
Car_man
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A few more questions.
What is the residual and money factor on Murano S AWD 36 and 39 months 12,000 miles?
Does Nissan offer mileage options less than 12,000 miles?
Is there a way to find out if $1500 owner loyalty is available for early terminations and if it can be combined with $750 cash incentive?
Is the sales tax paid on the entire capitalized cost or just the monthly payments?
Is the bank fee/acquisition fee negotiable? Is it "required" by Nissan for returning customers?
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2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
NMAC's August buy rate lease money factor and residual value for a 39 month lease of a 2010 Murano S AWD with 12,000 miles per year are .00147 and 54%, respectively for consumers who qualify for its top credit tier.
I don't believe that NMAC offers leases with only 10,000 miles per year, but if it does its residual values for that allowance are probably 1% higher.
The $1,500 loyalty cash is definitely compatible with the $750 lease cash. I'm just not sure if it's compatible with the early lease termination program. If I had to guess, I'd say that it probably is, but I'm certainly not positive that it the case.
The methods for calculating sales tax on leased vehicles vary from state to state.
Car_man
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Please tell me if this was a good deal. Just leased a 2010 Murano SL AWD with 360 degree package, premium,leather, splashguards, mats, cross roofrails, MSRP was $37,150.00, 39 months and 12k miles per year.
$345/month with a total drive away of $3,900.00 out the door that included everything. Received the full $2250.00 rebate since I came off an 07 Murano SL AWD. Great Car..Rides much better than the 07. Nicer fit and finish as well than the 07.
I've decided to go with a 2010 AWD Murano LE (+nav/mats/splash guards) 39mo/15K miles.
There are several available at different dealerships in my area, and I wanted to get your feedback on whether or not this is a good deal, or if I should keep looking:
MSRP $41,670 (includes Destination Fee)
Invoice $38,295
Cash incentive $750
Sale price $37,750
MF .00147
RV 46%
Doc fees $199
Extended warranty $353
Tax/title/registration
Dealer holdback is $1,000+ (can't remember exact amount)
If I understand this correctly, the dealer comes out $205 above invoice once the cash incentive is factored in ... is that correct? I tried to negotiate the sale price lower but wasn't able to. Should I shop around for a better sale price?
Is there anything else that looks out of line with this deal to you (or anyone else)?
Thanks!!!
I went to dealer on Saturday.
He told me residual value is 52% on Murano S for 12k miles and +1% or 53% for 10k miles. I know you said it was supposed to be 54% but "he was 100% sure its only 53%".
He confirmed $750 rebate and $1500 can be used together on early lease terminations.
Does anyone know if there will be additional incentive for Labor Day and when they will go in effect?
Does anyone have experience with Nissan's excessive wear and tear charges, how strict are they?
What was the bottom line price for the car before tax, title & reg.. Did you just get the $2250.00 off MSRP or invoice cost.
What was the invoice price?
Did you get tax credits for your trade?
What is the residual, dollar amount or %
Money factor rate or interest
Did it come with GAP insurance?
For the most part, using the manufactures leasing programs is not the best deal.
All manufactures are very strict on their wear & tear, because they are setting the residual way out of line with the market.
One- you never ever put money down unless it is mandatory from the finance company. Make them show you in writing from the bank the amount, even at that shop around.
There residuals are not set at a realistic future value. Yes the payment may look good at the moment, but if you ever decide to trade out early you will not be able too because the residual is set way to high for the market.
Almost always you are going to have to come out of pocket with some cash.
In most states, you cannot get tax credits when you trade in a lease to go with another make of car.
Example:
Lease a Nissan through Nissan, what to trade out ealry and go with a Honda, cannot get tax credits on the trade.
Most manufactures do not have GAP insuarnce with there leasing programs so you have to pay extra for it.
There is a lot more I could explain, but always rememer 1 thing, the dealer is 99.99% never on the consumers side.
if I can help please let me know.
What is the tax rate for your state.