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2013 and earlier Nissan Murano Lease Questions
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$28400 for my Sequoia, I owe $34423
$1560 down $699/mo for 42mo 12K/yr
selling price on murano $31984 (5K off MSRP)
payments include tax
when I run the same scenario via edmunds lease calculator with the money factor and residual that is noted mulitple times on this forum recently (.00058 and 52% respectively) I come up with $571.22 including taxes Is there something I'm missing here?? I want OUT of my Sequoia ASAP, and just want to know what the deal is, and if he 'can do better'.
- Find out the real msrp of the Murano - its not 5k plus 31894 - too high for that model.Probably closer to 35k.
- The .00058/52% rate is for 39 mos, not 42 mos- whats the real rate the dealer is using? Nissans 42 mo rate is I believe .00120 with 50% residual
You already know this is gonna hurt but if you're gonna do it at least make sure the dealers not screwing you coming and going. Insist on a lease worksheet which should show all of the relevant data -and do a little homework on the invoice pricing for that model Murano. Good Luck.
ALso, I remember on my lease worksheet there was a line for MAX something or other. It didn't apply to me. It was the max they could charge for the car, and is used when somebody is upside down on the car they are trading (Like you are-owing more than it's worth)That may be how they came up with 5,000 of the MSRP. They have to inflate the MSRP on the worksheet to factor in what you owe on your trade, and make it all work for the finance guys.
Anybody out there know if I am correct?
I currently have the Sequoia listed on Lease Trader and Auto Trader. Not getting much activity on either. There are two reasons why I am trying to unload the Sequoia. One, the seat kills my already bad back. The lumbar is in the wrong place for my frame (I'm 5'4). It is very difficult to drive in excruciating pain every day. And, my husband just purchased a double cab truck, and we simply do not need 2 big trucks. At this point, I guess I'm just going to have to wait, and be in pain every time I drive. The Murano is the right size, and the seat fits my frame.
I have emailed the dealer I was working with asking him about my numbers vs. his, and have not heard from him yet. I will be sure to post his response when/if I receive it. Also, out of the 3 local dealers, he was the best one as far as trade value, and willing to work with me. The rest pretty much said 'no deal' and low-balled the Sequoia.
I was hoping you could tell me if this seems like a reasonable lease offer. This is what the dealer e-mailed me:
quote
2006 Nissan Murano SL FWD in Super Black with Charcoal leather interior
-cargo area protector
-floor mats
-SL leather / sunroof package
-splash guards
List Price $33,595, your SALE PRICE $30,147.
39 month lease, 12,000 miles per year, $721.35 total due at lease inception and your payment is $375.04 plus tax. The residual at the end of the lease is $17,133.45.
unquote
He did not give me the Money Factor, but according to www.tcalc.com the interest rate is 2.078% if I worked that out correctly. Not sure how that translates into the Money Factor.
So is this a good deal? This would be my first lease, but it seems pretty decent. Thanks for your input.
Car_man
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I have been offered the following:
Sticker Price $28485
Cap cost including $550 acquisition $26475
Residual $14527
Monthly pyt $329 for 39 mos 12000 mi per year
nothing down just first months payment of $329 (does not include tax) Dealer says this is the best he can do.
What do you think Mr. Car Man?
I really like the car! Need to know soon my 2004 odyssey lease is expiring.
After walking on the orig. numbers approached by Mgr. ofering a one-time coupon from Nissan for $17,000.
Here is the deal...
24 mo. Lease Prophet Scan
South Carolina
Named a "SignatureOne Lease Plan" w no security deposit.
Customer cash/Rebate $17,807.33
Total Cash/Rebate Equity: $17,807.33
Inception Fees: $899.00
Orig. MSRP $38,420.00
MSRP Discounts: $0.00
MSRP Adjustments: $0.00
Adjusted MSRP: $38,420.00
Residual value (62.0%): $23,820.40
Annual Miles: 12,000
Mileage Adj: =1.00% $384.20
Adjusted residual Value: $24,204.60
Assignment Fee: $550.00
No up-front Tax.
One Pay payment: $17,807.33
I never heard of a deal like this. Is it a good legit deal?
After hedging on the deal, I questioned about a monthly lease at these numbers and they offered 39 months @ $499.00.
Again I hedged and walked and upon leaving the manager lowered the One Pay Payment to $16,746.34.
I'm happy to report that I got a car, and that I coudn't have done it without Edmunds.com!!! such an informative site and this forum is one of the best!
ok, so here is what I got:
Murano SL AWD w/touring, splash guards, rails on the roof, sunroof visor. Beatiful silver color with black leather, ahhh, I LOVE IT!!!
The dealers were very pushy, but I was strong, and I stuck to my budget! I spend 6 hours on the dealership yesterday, but it was worth it
I leased it for 39 month, with $1000 down and $379/month payments, 15K miles per year I fought for every freaking penny. The residual value of the car is going to be 18K. They told me that the residual is calculated off the MSRP? Because by the numbers I got, looks like they sold the car for under the invoice price, if I'm wrong, please correct me.
Anyhow, the dealers looked quit unhappy, I think because I'm a young woman, they think that I'm easy to be taken advantage of And i'm actually happy that my hubby didn't come with me, he wouldn't have the patience
anyway, thank you again, and please tell me if I did good?
also the residual looks very high at 63%. It looks like theres about $2500. in rent charges built into that lump sum assuming the residual is correct.
The only thing you really know is that the lump sum equates to about $429./ month when you divide by 39 and that does sound good for a 39k car. However you have to consider that you'll be losing about $75./month in income on the lump sum money(assuming you invested it at 5% interest). Have the dealer provide full details and repost-I'll bet you get alot more responses.
I am very reluctant to shell out a one-time lump sum on a lease. seems to defeat the purpose of a lease program to begin with.
This sounds more like an "Open-End" lease, in fact the dealer said there are no more closed end leases.
I agree, if I can get the same deal. Closed-End lease at $429/ mo. for 39 mos. It will be a good deal for that car!
I will let you know and appreciate any further responses.
I am looking at leasing a 2006 SL Murano with leather package. From looking at Edmunds I saw that I shouldn't pay more than $31,428 ($34,050 MSRP). The problem is that I am currently leasing a 2004 Honda Accord EX V6 fully loaded (no navigation system) for $303 a month and the lease ends in June. It is a 36 month lease and I have 15k miles a year, with 40,200 on it now. My buyout is $16.8k. I have 7 payments left. The dealer I talked to offered a selling price of $31.9k for the Murano he said he would waive the security deposit but claimed the market value of my Honda is $13k. When I looked at your site it says that I can expect $17,267 for my trade-in and the dealer retail would be $19,775. That being said, he said he could get me into the vehicle for between $449-459 a month, no money down. I could put $1k - $1.5k down but would prefer not to. I would like to have a payment b/w $325-$400. Is this possible? What is your take on these numbers and what can I expect. I really want to get into the Murano soon but am pondering about waiting until I get closer to 45k in miles so I can get a few more payments in. Please help me sort through this!!
I just received this quote from me Nissan dealer. Do you think it is competitive? I was hoping to get into the $400 dollar a month territory including tax. I am turning in an 03 Pathfinder that is leased through Nissan.
AWD SL with Touring package.
39 month 15K=427.27 + TAX
799.77 d.o.d
sale price 33476
msrp 36335
.00057
Thanks for your help.
Matt
For reference, Edmunds lists the Invoice/Others are Paying at:
Invoice Others Paying
$33,222 $33,489.
I just closed a lease (SL-AWD, Sunroof Pack) for $30900 (~$900 less than what is listed for others paying). I would try to get a bit lower. In my area there are 125 06's with the touring package available - odds are on your side.
RZ
RZ
it was a murano sl awd with the touring package. I walked away because this is my first time and I am hesitant. Was I stupid?
That seems to be a pretty good deal, going by what others are posting here....maybe others know of better ones to be had?
little off topic:
is it me or does leasing you feel like your throwing away money on a rental car? I like the murano but I was wondering if I should go certified used on a 05 or 06 model and save some... I want to keep my payments as close to 400/month as possible what are my best options if I have 7+ score on credit?
where did you go?
Do you have any idea if the lease rates from Nissan have changed (for 06 SL AWD w touring package) from last months numbers? I am interested in a 36 or 39 month lease with 15k.
Thanks
Matt
This appears to be a very good deal. Where are you located? I was quoted $368 per month for a 39 month lease with 15,000 miles per year and $900 due at signing. Our quote was on a 2006 Murano S FWD with an MSRP of $27,450 in Indianapolis, IN. Compared to other vehicles, the lease we were quoted doesn't seem to be very competitive. However, I know I would move forward with the Murano lease if I was offered the same deal you posted.
CarMan posted here someplace about that special deal....see it is 3 months longer than the normal 36 month lease, and has a special % and all that.
Car_man
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You never mentioned the selling price or MSRP of the Murano that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
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