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2013 and earlier Nissan Murano Lease Questions
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Comments
After reading the above, and I've always dished out the same advice, it occured to me that our Allstate new car/gap coverage would take care of any down payment if we lost the car. Wouldn't the coverage allow for the purchase or lease of a new vehicle with nothing but deductables out of pocket? The coverage is cheap and should be purchased anyway since most cars depreciate faster than the payments are made in the early months of the lease, exposing lesee's and owners.
Also, we struggled with the FX35 vs 09 Murano decision as both loaded were within 10 bucks a month on a 39 mo lease. We opted for the Murano even as the engine is sitting the wrong direction. Better technology and a better interior. As a G owner, it was time for a new interior design. The ride is beautiful and the power seamless. We made a great decision.
Congrats on the Murano - we're loving ours (4 days old now ;-).
Car_man
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Car_man
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Car_man
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Many thanks for your answer! I'll have to wait and see like you said. In the meantime if anyone out there is willing to take over payments of $370 per month on a perfect 06 with around 12000 miles, until lease ends Sept 09, send a pm. Thanks!
I'm wondering if Carman might be able to give me a rough idea of lease price for the following:
I live in Rhode Island.
Looking two vehicles: 1st is a 09 SL with EVERYTHING except the 20 inch tires (tech, nav, no rear DVD) I believe the MSRP on that is 38750
Next I am looking at the LE with everything AND the 20 inch tires and MSRP is 39700.
I do NOT want to put any money down on the lease because I was told that would be a WASTE OF $$.
Here's the thing. This is 4 work. I travel between 2500-3000 miles/month. The Murano is the PERFECT vehicle because I live in my car most of the time, and this is the most comfortable that I have driven, offers the size I need, and gets better gas mileage than the others that I have driven that are comparable (MDX, RDX, Lexus 350, Highlander Limited, Honda Pilot Touring, and Infiniti FX).
Therefore, I need between 25,000-30,000 miles/year on my lease. I was told by the dealer that would be no problem.
So, here we are. Now I'm trying to figure out, roughly, what I might expect my monthly payment to be on the 25K/year vs. 30K/year.
I'd buy it and plop down about $5-$6K ($3k for my trade) but I think that putting about 150K miles in 5 years would make that a dumb decision on my part.
Can you help me here? Thank you for the help!!
I'm planning on going to dealership tomorrow morning and get the following lease finished:
09 Murano LE AWD No Navigation.
Leasing for 39 months 15K/year miles
MSRP $37,700
Cap Cost $33,640
56% residual
.0025 MF
$500 downpayment to cover 1st month and reg fee
$498/month for 39 months with 15K/year.
Does that sound about right? I live in RI and sales tax is 7%
Thoughts are appreciated if it gets read on time. Thanks!!
I'm looking at a Murano SL AWD with Leather, Premium, and Dual Moonroof. My dealer gave me the following quotes:
Price: 31,718
12K Miles
$1,500 due at signing
36 months - 499 - 19,148 residual (60%)
39 months - 478 - 18,800 residual (59%)
48 months - 462 - 15,318 residual (48%)
60 months - 419 - 13,578 residual (43%)
The finance guy told me that US Bank was better then Nissan and that US Bank had a money factor of .00197. I read in an earlier post about the MF and Residuals going down in September. My lease isn't up until Sept 25th and I was only going to act now b/c I've heard that the lease deals will only get worse. Does anyone has any info or advice? Is this a good deal and would you wait or act now on this deal?
Thanks!
I am looking at a 2009 murano SL, list: $34730. Invoice: $32122.00.
The auto is equiped with sun roof, tech, leather, premuim package
splash guards and carpet protector. I have a friend that works for Nissan and can get me employee pricing. Do you know what the auto would sell for using the nissan employee discount.
Money factor and residual for 39month, 15K/yr term... Tried to reverse engineer the numbers from the advertised lease on an S-AWD model and got 57% and .0025.. Just wondered if that was correct, and if it applied to the SL-AWD model, equipped as noted above...
Thanks!
kyfdx
(just shopping!)
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Car_man
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I was extrapolating from the residual on the S-AWD model that they are advertising... The residuals must be better on that model..
Thanks Car_man!!
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I think this is ridiculous, the sales guy said since Muranos are not hard to sell that the "bank" won't soak up none of the negative equity. We understand how upside down we are in the Tahoe and may have to put some money down but we were hoping to find someone who would split the negative equity with us, Dealer lose 3k we put down 3k, is that unfair? Should we walk away from the Murano or just find another dealer?
Car_man
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Thanks
Best
Car_man
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Nissan is not currently providing any consumer incentives on the '09 Murano, but it is running a "stairstep" program on it which provides dealers with $500 to $1,500 in cash, depending upon the number of units they sell during the month. Taking this cash into account, I would not be surprised if you were able to negotiate a capitalized cost that is right at, or possibly even a little below dealer invoice for your lease.
Car_man
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MSRP is $34815.00
Negotiated price $32705.13
plus $595 acuisition fee =$33300.13
I put 3250 down. (I know you shouldnt) $2370.61 went towards the cap cost reduction
so $30929.52 adjusted cap cost
They show a residual value of $19844.55 (57%) and depreciation of $11084.97
The part that confuses me is this "Rent Charge" for $4732.65? Ive never seen a rent charge factored in before. I assumed 2k of it is from my trade but what is the rest from?
Not sure what they used for a money factor but my credit score is in the tier 1 catagory as they call it.
Anyway the bottom line came to $405.58 plus 5% tax, monthly payment is $425.86
Does this sound like a good deal?? When I use the Nissan lease calculator the monthly payment comes out lower?
Here is the standard Nissan advertised offer:
2009 MURANO S AWD w/ Convenience Pkg. Lease
39 Months - $299/Month - $3,449 initial payment. (+taxs,etc)
$29,800 MSRP incl. destination charge. Net capitalized cost of $25,489
Monthly payments $11,661.00. At lease end, purchase for $17,880.00,
12000 miles per year
I'd rather not negotiate or be overwhelmed at the dealer but rather walk in, present my best offer and see if they take it. The $299 seems like a deal. Can I get more, like reduce the downpayment/cap cost?
If I was just buying a car outright, I would walk in, show my offer and either than can or can't do it. How can I do the same with a lease? Tell me what numbers to present. Thanks.
John in Virginia
I have read on here rates that were higher, so I guess I still got a good rate.
So Car man, with all this information given...does this sound like a good lease deal??
here's offer I have on SL, premium, leather, sunroof:
Year:2009
Make/Model:Nissan Murano AWD SL Merlot with Prem Pkg, Leather, Moonroof
MSRP:$34,780.00
Sale Price: $32,063.00
Lease Terms: 39 months, 15,000 miles per year and $800.00 due at signing
Monthly Pymt: $497.70 inc. tax
Have another one, different dealer
Same vehicle, no sunroof, MSRP $33,600
$350.00 down, $475/month for 39 months (15k miles/yr) payment includes tax
First payment and $350 due at signing.
Carman, can you confirm the money factor and residual for this vehicle--I have it at .00239 and 58% respectively.
Thanks
Sold for 31959
Gross Cap Cost 32602
Residual 20616
Depreciation 7883
Rent Charge 4578 =
Total of base monthly Payments 12461
338 a month (including tax)
After - 3000 trade (only worth 1500) and 2K in cash.
This car is pretty much my dream car, I feel pretty happy about 338. This dealer is located in Old Saybrook CT as a FYI
Car_man
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MSRP 41,375
INV 37,979 (Also, Base Cap Cost)
Trade 5,700
When I plug these numbers into my lease calculator I get a payment approx $400.
Yet the dealerships are insisting on at least $466 a month.
I'm using a 58% residual and a .00260 money factor. Please help me put an end to the negotiation and make a smart deal.
Thanks in advance for any help!
I was just quoted a money factor .00212 great and then the bombshell
a residual of %52...This is for a 09' Murano SL with leather and premium pkg.
Are they for real ? If you contact NMAC will they tell you their current money factor and residuals or is this set largely by the dealer?I am a current NMAC customer.
Thanks for any help.
I see that you are considering using the proceeds from your trade-in as a down payment on your lease. I always advise consumers not to make large down payments when leasing. Those who make them risk losing them if their vehicle is totaled. If would be safer for you to have the dealer cut you a check for any equity that you have in your trade. If you really want to use it as a capitalized cost reduction, it would lower this truck's monthly payment to around $407.
Car_man
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Nissan Murano LE AWD with 12,000 miles per year/39 mo lease
MSRP of $41,375
Selling price of $37,979
I dont have to use the trade-in, just seems like the easiest way to get rid of the car. I will ask my local dealer if he's willing to cut me a check.
I've read the Confessions of a Car Dealer article on Edmunds (awesome btw!) and learned a lot about their tricks. Do you think if I told him I'd only pay X dollars a month (approx $405 in this particular sitiuation), but I'd "tip" him $200 cash for his time, he'd bite? I've read this is a great agreement if you can pull it off but they sometimes resist. If not, what do you think is the best way to negotiate this lease? Email? Fax?
Thanks again, this is a very informative forum.
BTW, just curious, what others similar SUVs do you think are just as nice for the price? We test drove the Lexus 350, and although it was nice I preferred the Murano's features (heated back seats, better NAV as it can operate while being driven, one button reclining back seats, slightly roomier).
Can you actually negotiate the residual and money factor with your dealer
after you have negotiated the selling price of the vehicle?
thanks again-
I'm new here to write and post, but let me tell you that Edmunds forums is one of the first resources I go to when it comes to researching and buying a car. Love it!
Now, i lease 2005 Murano SL and pretty happy about this car. My lease of 39 month is about to expire in beginning of January 2009. I have a family of four with a recent addition of a baby girl and we are looking for a minivan (probably Sienna) as a replacement. BUT we can get by with Murano for another year and really dont mind re-leasing it again. My questions to you guys are:
1. Is it a practice to negotiate a new short term lease with a current near end lease term with NMAC? ( considering the economy I think they should love me :-) )
2. What is my car going to cost me and how would i figure out adjusted Murano price tag as well as new lease payments?
my current stats:
Type: 2005 Murano, SL (I have everything except for Navigation)
Miles so far: 20K
Lease permits miles: 12k/year
Monthly pmt: $410
Down payments at origination: $0
Lease term: 39mo
Condition: Not a scratch (knock on wood)
Thanks for your help
thanks all.
Here's what a 39 month lease would look like. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2009 Murano LE AWD with 12,000 miles per year are .00239 and 53%, respectively. Using these numbers, an MSRP of $41,375, and a selling price of $37,979, I come up with a zero down, pre-tax monthly payment of around $555...which is not very attractive. There are a lot of vehicles out there that are just as nice as the Murano that would cost less than this to lease.
A few similar vehicles that would probably around the same or less to lease include the Toyota 4Runner, Toyota Highlander, Volkswagen Tiguan, Volkswagen Touareg, BMW X3, and Lexus RX 350 to name a few.
Car_man
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