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Smart Shopper Smart Shopper-Archives Lease Questions - Ask Here 
23872 messages, Last post on Sep 20, 2005 at 8:08 AM
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| Hey Carman... what do you think about a deal for a 2000 Maxima GLE with leather,AT,Traction, Bose,Roof. basically everything but a 6cd changer for 25,125+tax+license fee$130 at this time of the year? It's a car that's been sitting on the lot for a few months now and is gathering dust. It's about 500 under invoice with no dest charge. I understand it's a great deal anytime during the year...but i'm just wondering its' the end of the year, plus there could be a clearance rebate anytime now for the max and it's black.. which is almost last in my choices of color. (have a black truck already) do you think there would be a rebate in the next few weeks from nissan on the max and whether should i just bite the bullet and go for it. thanks | |
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Welcome to this new topic, bretfraz. It would be a big help if you could provide me with the length of time that you want to lease for and the mileage that you want (12,000 or 15,000 miles per year). There are definitely some decent deals available right now, but I think that the days of unbelievably low monthly payments are gone for the time being now that the Fed raised interest rates numerous times. It seems to me as though it is more expensive to lease a vehicle today that it was to lease the same one several years ago in many cases. Car_Man Smart Shoppers / FWI Co-Host |
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Kyleknicks, if you can get a 2000 Maxima for $500 under invoice and not have to pay the destination charge and you like the car then go for it. I doubt that you will be able to find one for much less than that. There hasn't been any cash incentives on the Maxima in quite some time. I haven't seen Nissan's September incentive program, so I guess that it is possible that they introduced some sort of cash on this car. It is tough to say for certain. If you want to be absolutely positive that there aren't any cash incentives on the Maxima, their new incentives should be available here at Edmunds.com sometime late this week or early next. If you like the car, the price is right and I probably would buy it before someone else did if I was in your shoes. Good Luck. Car_Man Smart Shoppers / FWI Co-Host
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...I know better than to leave out critical info. I'd like 15K mi/yr. and both 24 & 36 month residuals, just to play with. Thanks!! |
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| the lease is for 15K/year | |
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Carman, where can I get a detailed description of lease calculations? slardy |
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CarMan: a while ago you provided me with accord coupe and volvo residuals and money factors. I would assume that the money factor is variable as well as the residual, both dependent on what lender you end up using - I see you were using the manufacturer's finance co's numbers. But, anyway, I would like to know what the approximate residual and money factors would be for an '01 Audi A4 1.8T with 5 speed/roof/premium sound - no quattro. Thanks |
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Don't worry about it, bretfraz. The 2001 Oldsmobile Intrigue is the only one of the vehicles that you mentioned that has a lease program that didn't expire on September 5th, so I will start with it. Both the 24 and 36 month GMAC lease money factors for all 2001 Intrigue models are 4.1%. If you lease one through GMAC with 15,000 miles per year prior to the end of 2000, the 24 month supported residual value will be 54% and the 36 month residual will be 46%. As I just mentioned the Acura and Infiniti lease programs just expired and I have not seen their new ones yet. I will probably have the information that you are looking for if you check back with me late next week. Car_Man Smart Shoppers / FWI Co-Host |
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You're welcome, henckels. I haven't seen Nissan's September lease program yet. However I ran a sample 36 month NMAC lease on a base 2000 Maxima GLE with a selling price of $25,329 and 15,000 miles per year and the monthly payment came out to slightly less than $400 per month not including tax. If you received this lease quote in September it is possible that the lease program on this car has changed enough to account for the difference in the payments. Also, perhaps they are already including tax in the quote that they gave you. I suggest that you run the price that you were quoted for this car and the monthly lease payments that you have been given by some of your fellow community members over in the Town Hall Sedans Conference. Perhaps some Maxima owners and shoppers in that part of this site will be able to tell you exactly how much they are paying for their vehicles so that you have a few real world examples to compare with. Click here to go there: Edmunds.com Sedans Conference. Car_Man Smart Shoppers / FWI Co-Host |
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Slardy, I posted a detailed explanation on how to calculate monthly lease payments quite some time ago in this conference. Here is a link to that particular post: Town Hall Finance, Warranty, & Insurance Conference Topic #35 "How to Calculate Monthly Lease Payments". Enjoy! Car_Man Smart Shoppers / FWI Co-Host |
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