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2013 and earlier Nissan Murano Lease Questions
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Comments
I personally am a big fan of leasing. While the cheapest way to drive a vehicle is to purchase a used one with cash and then drive it into the ground (assuming that you don't run into any major repair bills), if you like to drive a new vehicle every couple of years leasing is not that much difference than financing. Lease payments are composed of two basic elements, the depreciation portion and the interest portion. If you finance a new vehicle, you are still going to have to pay interest and depreciation, when financing though you will not realize the depreciation hit until you go to sell rather than monthly with a lease. There's not as big a difference between leasing and financing as one might initially think.
Car_man
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Do you mind sharing the name of the dealerships you received the two quotes from? I am very interested in the Murano and it appears I can save almost $3,000 by leasing a Murano in Massachusetts right now. It may be worth the one way air fare.
Thanks!
Car_man
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Car_man
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As far as this deal goes, 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.
Car_man
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Car_man
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1. Clay Nissan, Newton, MA
2. Quirk Nissan, Braintree, MA
3. Coastal Nissan, Norwell, MA
You can check inventories from Nissan web site. Good luck.
07 murano sl AWD MSRP: 38660 selling price 35800 money factor: .00145 @ 53% monthly payment of 459 @39 months with taxes,bank,dealer fees upfront 2490+150dmvs
this is with a touring pkg & navigation pkg
what do you guys think? please let me know asap
he said 15000 miles would be $11 more.
What are the money factors on the 2007 Muranos? I see everyone is talking about the 06s, but there aren't any in my area.
Do you think the 07 leases will get support in December?
Thanks!
I am new to leasing, so, I just left a dealership after getting the following figures, if someone could tell me whether this is a good deal, I would really appreciate it:
2006 Murano SL AWD 2006 fully loaded model with everything except navigation or the dvd package for a price of $33855 (MSRP $37275).
The lease is 39 mo, 12,000 mi/yr with .00039 money factor and 51% residual value. Nothing down at $471 a month with all taxes (7%) and fees included as well as the first and last lease payment.
Should I go for it, or should I wait till after Christmas when they are high and dry on buyers and get an even better deal?
Thank you.
#218 Re: Nissan Murano [salty600x] by Car_man HOST Aug 03, 2006 (2:34 am)
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Replying to: salty600x (Jul 20, 2006 11:31 am)
Hi salty600x. Consumers are free to lease any vehicle they want without making any sort of capitalized cost reduction. Of course, your monthly payment will be higher for a zero down lease than it would be for one that you made a down payment on. Still it is in your best interest as a consumer not to put money down when leasing. I say this because if your leased vehicle is totaled in an accident or stolen and never recovered your down payment essentially disappears. At lease signing all you need to pay are your vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, NMAC's $550 acquisition fee, and any required state taxes or fees. If you want to cut down even further on the amount due at signing, NMAC will waive its security deposit requirement in exchange for an increase of .00015 in your vehicle's money factor and you can roll the acquisition fee into your vehicle's capitalized cost.
Car_man
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MSRP $35,090-Dealer Options=$695.00=Total$35,785.00
I traded a 97 Mountaineer and was given $3,000.00
39 mos.-12,000 miles
Cap Cost= $32872.48
Residual=$18597.70
dwn pymt=$500.00
Monthly=$385.98
I thought this was a decent deal!Replys welcomed!
...Does it make any kind of sense to consider leasing a Mo (as opposed to buying) if it will only 'see' about 6k miles/year?
Car_man
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Let's take a look at the specific deal that you were quoted. The money factor that you were given is right in line with Nissan Motor Acceptance Corp.'s current buy rate for this model. This is always a good thing. You were also quoted a discount of $3,420 on this truck. Given the fact that a base 2006 Murano SL AWD only has a spread of $2,500 between its MSRP and dealer invoice price and the fact that Nissan is not currently providing any cash incentives on leases of this model, I'd say that this is a fantastic price. Overall I'd say this is a very good deal.
Car_man
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Car_man
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My wife just drove the S AWD today as we were thinking of buying the car but now are considering leasing.
We were offered 39mos/15k for an S AWD w/ an aftermarket moonroof for $415 with 2880 down at mil. factor of .00145. I didn't think was good at all and was annoyed as they weren't telling me what they were basing the cost of the car to make these numbers.
My questions are:
1. What should I expect I lease payment for this configeration to be?
2. What should a lease run on an 07 SL AWD with Touring Package?
3. If anyone has been happy working with a salesperson/dealer in NJ I would like any recommendations.
Thanks
Mike
2007 SL AWD
MSRP: 36,820
Invoice: 33,568
Selling Price: 33,568
Holdback: 2% of Invoice (671.36)
Term: 39 mos
Mileage: 15,000/yr
LEV: 50%
Acq Fee: 550
Factor: 0.00052
Due at start: 768.30 (1st pymt, dmv fee)
Pymt: 460.80
I am thinking getting the vehicle at invoice with a pretty decent factor (0.00052 x 2400 = 1.248%) makes this a good deal. Or are there better deals on 06's?
Welcome your comments.
2007 S AWD with Convenience package
Invoice price: 28,690
Term: 39 mos
Mileage: 12,000/yr
Residual Value $16,573
Lease payment including sales tax, acq. fee with no money down. $383/mo
Sunroof after market will add $35/mo extra.
I got the Murano 2007 SL with the touring pkg - list 36,600-3k down-includes taxes- 39mth lease- 12k yr/miles- for 380.00 mth. He originally quoted me 389.00- I wanted 375.00 but after reading posts I had no idea what the residual is on it?? Stupid me...- that's key, he didn't tell me of course but overall I think I got a good deal. It's a beautiful car. The dealer is one of the best- It's my 2nd car from them
Car_man
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Here's what this truck's current lease program looks like. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2007 Nissan Murano SL FWD with 12,000 miles per year are .00052 and 51%, respectively. 39 months is by far the most attractive term for this vehicle. Make sure that this is the program that is used to calculate your truck's monthly payment.
Car_man
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Car_man
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As far as making a down payment on your lease goes, I always advise consumers against making down payments on leased vehicles. Those who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered. There's nothing wrong with trading in your current vehicle when you lease your new one, just have the dealer cut you a check for it rather than using the proceeds from your deal as a capitalized cost reduction for your lease.
Car_man
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Car_man
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Thanks!
We ended up buying a 2007 SL AWD with Touring Package, Floor Mats, Sunroof Deflector, Cargo Protector, Crossbars and Splash Guards.
MSRP - 36,820
Invoice - 33,568
We paid - 32,880
Plus we did ok with our trade-in.
We did this in PA.
Car_man
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Any suggestions would be welcome.
Larry