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2013 and earlier Nissan Pathfinder Lease Questions
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On our paperwork from NMAC they are of course offering us incentives to lease a new car.
In the material they mention a $500 "Owner Loyalty" credit for us.
I want to be clear here: this is not the same as the $500 so-called wear-and-tear credit is it?
I want to make sure they don't just "take" the $500.
If we pass the lease return inspection without any actionable exceptions, it stands to reason that the Loyalty Credit is ours to use in the next lease transaction, no?
I was under the impression that the lease inspection transaction was between us and the leasing company, and the dealer has nothing to do with it.
I am concerned that there is some intermingling going on here that is not supposed to happen.
Are we on the right track here?
Thanks!
Nothing on the Pathfinders however. They obviously want to sell Altimas.
The local dealer is whining that Pathfinders, specifically LE's are hard to find. Is this true? Are the SE figures you gave Sprkieee similar to the LE?
47% residual and .00064 (1.464%)... again, in a conversation with that "whiney" dealer he said the residual on LE's was only 42%. He would not talk money factor, which is odd. He also said there were only 14 LE's in all of California or the Western States. Is this salesman-speak for "I want to sell you something I already have in my lot" or is there a shortage of these?
thx
Matty
The QX56 is a much more expensive truck than the Pathfinder. Infiniti is running a special lease program on it right now, but I suspect that it will be much more expensive to lease than a Pathfinder would be.
Car_man
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As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth 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 truck's purchase option price is lower than or close to what you would have to pay for a similar used one on the open market, then you may want to consider buying your truck at lease-end.
Car_man
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Having said this, there is a ton of competition out there. I wouldn't let any dealer use the fact that a particular Pathfinder trim level might be in relatively short supply to scalp me on the truck's selling price. If they weren't willing to sell me a Pathfinder for a couple hundred dollars over dealer invoice, I would either comparison shop with another dealer or go with a different truck.
Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2009 Pathfinder LE V6 2WD with 15,000 miles per year are .00061 and 42%, respectively.
Car_man
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I tried to calculate a ballpark lease figure for a 2009 V6 LE 4WD with Moonroof on a 39 month lease with 12K per year.
The figures I used were as follows:
MSRP: $40,310 (with desination charge)(figure taken off Edmunds.com site)
Offer: $34,955 (this is the TMV after $2500 cash to customer incentive)
Residual: 42%
MF: .00061 (is this still the MF for July)
NYS Tax: 8.625%
I calculate that this lease with minimal down payment will run ~ $535 per month x 39 months. Are my calculations correct and is this attainable? I guess it all depends on whether the $2500 applies (if it does not, it would seem that purchasing the truck makes more sense).
Thank you for your input.
Car_man
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Unfortunately, Nissan is not currently providing any cash incentives on leases of this truck.
Car_man
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I kind of figured that when I reach near 48,000 miles I'll have 9 lease payments left. I'd like to know what to expect from the dealers. What is the best case scenario I can get out of getting another Nissan vehicle. Is there a lease that allows 20,000 or even 25,000 miles per year? Since I will be putting this many miles would I be better off buying the vehicle? I've never financed a vehicle, always liked trading it in for a new one? If I was to finance for 60 months, would I be able to trade the car in for a new vehicle in 36 or 48 months, or this isnt suggested? Any info on what I should do or help me decide would be appreciated. Thanks.
As far as your current lease goes, if you know that you are going to go way over your vehicle's mileage allowance call the bank that you are leasing it through ASAP to see if you can still purchase additional miles at a discounted rate. Some banks will let lessees do so as long as they call early enough. Buying extra miles at a discount now is better than waiting until the end of your lease and having to pay a huge excess mileage penalty.
In terms of your next vehicle, you definitely can finance it for 60 months and trade it in on something new after 36 or 48 months, but...if you don't make a decent down payment there is a chance that you will be upside down (owe more on your vehicle than it is worth as a trade) when you try to get something new.
Car_man
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Thanks
2009 Pathfinder S 4x4 MSRP $30,230
Residual 42%
39 month lease 12k mi
ZERO DOWN
Due at inception: 1st month payment
Monthly payment INCLUDING TAX (NJ 7%): $379
Honestly I'd prefer getting back into an SE 4x4 (My 06's lease is ending in few wks - it was nicely equipped -bose,sunroof,convenience stuff - $375/month) BUT I can't seem to get anything below $459 on a $33,550 MSRP - same lease conditions as above. Unfortunately it looks like i"ll getting less car for basically same as my existing lease.
Interestingly enough, a comparable Honda Pilot (to the base S pathfinder) was no less then $480 when trying to do the same lease!
Nissan is running a special tent sale from now through October 18th that provides an additional $500 on Pathfinder models. Other than that, there's no cash support on leases of the Pathfinder right now.
Car_man
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I have a deal on the table that I'm planning on accepting on Monday unless I hear I can do better, anyone with input, please feel free:
2009 Pathfinder S 4x4 MSRP $30,230 Cap cost: $28,049
Money Factor 0.00023 - Residual 42% ($13,603) -WHY does 42% not match $?
39 month lease 12k mi
ZERO DOWN
Due at inception: 1st month payment
Monthly payment INCLUDING TAX (NJ 7%): $379
Honestly I'd prefer getting back into an SE 4x4 (My 06's lease is ending in few wks - it was nicely equipped -bose,sunroof,convenience stuff - $375/month) BUT I can't seem to get anything below $459 on a $33,550 MSRP - same lease conditions as above. Unfortunately it looks like i"ll getting less car for basically same as my existing lease.
Interestingly enough, a comparable Honda Pilot (to the base S pathfinder) was no less then $480 when trying to do the same lease!
Nissan Motor Acceptance Corp.'s November buy rate lease money factor and residual value for a 36 month lease of a 2010 Pathfinder LE V6 4WD with 15,000 miles per year are .00071 and 44%, respectively.
You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.
Car_man
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Can you get me the MF/Residual on a Pathfinder S and SE, 10k miles, 24 and 36 mths?
Thanks in advance.
Brendan
Can you please let me know the MF and residual for a 2010 S and SE Pathfinder.
12,000 miles, 39 months.
Thank you,
Denise
The numbers for an otherwise identical lease of a '10 Pathfinder SE 4WD are .00071 and 48%.
I only provided you with the 3-year programs because Nissan isn't providing support on 2-year leases any longer.
I'm not sure if NMAC offers 10,000 mile per year leases on Nissan division vehicles, but if it does its residual values for them are likely 1% higher than its 12,000 mile per year resids.
Car_man
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The numbers for an otherwise identical lease of a 2010 Pathfinder SE 4WD are .00071 and 47%.
Car_man
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Flash forward to last year when many of these vehicles started coming back off lease. In many instances, they weren't worth anywhere near what banks had been estimating. This caused many banks to take millions and millions of dollars in losses. Not surprisingly, many banks are being much more conservative in their residual value estimates today, making it more expensive than it used to be to lease certain vehicles.
Car_man
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12k miles per year
39 months
.00210 money factor
52% residual
30395 msrp
28491 invoice
$3k down
dealer quoted 345 per month before TTL.
For 39 mos with 12k/miles per year, I got a quote of $430/mo with no money down, just first month payment & DMV charges due at inception. And that's with a 50% residual.
Car_man
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Car_man
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As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth 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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Has the lease program improved this month for a 39 month lease of the 2010 Pathfinder SE 4WD with 12,000 miles per year. The money factor of .00107 and residual of 48% have been the same for January & February - has anything improved at all?
Thx.
Nissan is providing cash incentives on leases of this truck in some areas. I would be happy to tell you what's available in your neck of the woods if you tell me what state you're in.
Car_man
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Car_man
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I do not see much talk about LE, so I will ask my question and hope you can help. I am considering leasing an LE 2WD. As far as terms, I have read that the best out there is 39 months and 15K miles. I am not that picky on months or miles. please advise what is providing the beast deals this month, as I need to get it in 2 weeks. Also should I look at the AWD vs the 2WD, those it make leasing sense?
Thanks for your help I am looking for some clarity.
Rdelgado
Does nissan allow you to residualize leather or TV after market. What guidelines does Nissan set for after market residualization. Thank you in advance.
Please advise.
Car_man
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Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2010 Pathfinder LE V6 2WD with 15,000 miles per year are .00107 and 44%, respectively for consumers who qualify for its top credit tier.
Good luck and let us know if you have any other questions.
Car_man
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Car_man
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Residuals reflect the estimated wholesale value of the vehicle at the end of the lease. Finance captives (e.g., IFS) will often inflate residual factors for competitive reasons. The residual factors are established by the fund provider (or their residual insurance carrier in the case of banks) and so the dealer has no control over these. Usually, residual factors are computed based on some predetermined level of standard mileage usage (e.g., 12,000 miles). That predetermined level, I believe, is 12,000 miles which is now the industry standard. It used to be 15,000 miles.
I'm not sure whether Nissan (IFS) (a) provides different residuals for different levels of mileage usage (e.g., 60%- 36 months and 12,000 miles, 58%- 36 months and 15,000 miles) or (b) adjusts the residual value based on industry standard residuals for a given level of usage (e.g., adjusts the resulting 60% 36 month-12,000 mile residual value for different mileage requirements).
Usually, standard baseline residual factors are established as benchmarks and, then, adjusted for different levels of usage (b). I'll explain both procedures...
(a) Consider, for example, residual factors of 60% and 58% that may reflect a 36 month term with mileage usage of 12,000 and 15,000, respectively. The residual value is simply determined by multiplying the appropriate factor by the adjusted MSRP.
(b) Some fund providers will "adjust" the resulting residual value (part (a) above) for different mileage requirements. So, if 60% reflects 36 months and 12,000 miles and, say, you desire 15,000 miles, then the residual value is adjusted downward at some pre-determined cost per mile. In other words, you prepay the additional mileage which is reflected in the "adjusted residual value". For example, suppose you desire 15,000 miles and you prepay the additional 9,000 miles (3 year lease) at the rate of $0.10 ($900) and that the 60% residual factor produces a residual value of 20,000, then, the adjusted residual value amounts to 19,100 (20,000 - 900). Actually, the term "prepay" means that you pay for the additional mileage over the term of the lease and not upfront.
Hope this helps.
John
Can you please tell me what the July lease figures are for a 39 month 15k lease on a Pathfinder LE AWD?
Also what incentives are there? I have a Murano that has a lease expiring on 10/15 and I just got a flyer in the mail that Nissan will waive 3 months payemnts to get into a new car. They also mention $1500 lease loyalty cash?
Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2010 Pathfinder V6 LE AWD with 15,000 miles per year are .00049 and 42%, respectively.
Nissan is currently providing a $750 cash incentive on leases of this truck in certain states.
In addition to that, it is running a three month early lease termination program and providing current NMAC lessees with a $1,000 loyalty cash incentive when they lease a new 2010 Pathfinder.
Car_man
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Can you please provide money factor and residual for 2011 Nissan Pathfinder for:
1. 36 month lease with 10K and 12K miles per year
2. 39 month lease with 10K and 12K miles per year
2. 42 month lease with 10K and 12K miles per year
3, 48 month lease with 10K and 12K miles per year
Also, is the $2500 cash back offer on their website the current dealer incentive for Missouri and when does that expire?
Thanks.