Last post on Aug 10, 2013 at 1:40 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Nissan Armada, Car Leasing, SUV
#22 of 219 Re: is this a good deal [bourla]
Apr 11, 2006 (2:18 am)
Hi bourla. While Nissan is currently providing $2,500 customer cash on the 2006 Armada, this cash is not compatible with its special lease program. I wonder if the dealer that you are working with is running your lease through an independent bank because doing so with the $2,500 is better than leasing through Nissan Motor Acceptance Corp. without it. For the sake of reference, NMAC's current buy rate lease money factor and residual value for a 36 month, 15,000 mile per year lease of a 2006 Armada LE 4WD are .00161 and 52%, respectively. You can use these numbers to compute if you would be better off leasing through NMAC or using the deal that you were quoted.
Smart Shopper / Prices Paid Forums
#23 of 219 lease
May 16, 2006 (9:20 pm)
I am looking to lease a 06 Armada SE OffRoad msrp is $43735. I am getting out of a vehicle that I have a lot of negative equity in. For the payment to be reasonable I need a longer lease. The dealer is trying to put me into a 63 month lease. The dealer is using $48000 as the sell price(this includes neg equity of payoff) - $2500 rebate - $1000 cash down leaving a payment of $669 per month. Is this reasonable. What should the money factor and residual be? I have very good credit and live in Oregon.
#24 of 219 Re: lease [sdc3]
May 17, 2006 (11:20 am)
Car Man can you help??
#25 of 219 Current Residual and Money Factor
May 21, 2006 (2:36 pm)
Car Man - could I get the current residual for a 36 month lease with 15k per year on an Armada? Also, if you have the current money factor (ex dealer mark-up) that would be great....thanks
#26 of 219 looking to lease a 2006 Nissan Armada LE
Jun 08, 2006 (10:31 am)
Hi, I am looking to lease a 2006 Nissan Armada LE with a list price of $48,945 and an invoice price of $44,280. I am assuming I would be a ble to get this vehicle at invoice. I have excellent credit (high 700's). I would like to put no money down. I am trying to get to a payment around $500. per month. What lease term should I target to get to this payment? If this isn't reasonable, what should I expect as a lease payment for this vehicle?
#27 of 219 Re: looking to lease a 2006 Nissan Armada LE [jb1hb1997]
Jun 10, 2006 (2:46 am)
Can anyone help me? Carman?
#28 of 219 Re: looking to lease a 2006 Nissan Armada LE [jb1hb1997]
Jun 14, 2006 (6:15 am)
I don't know about the lease, but you should be able to get the car for about $4K below the invoice (with $3K rebate).
Jun 14, 2006 (4:33 pm)
I recently (last week) leased a 2006 Murano SL equipped with Touring, Sirius and Navigation. Final selling price was $41k and monthly is $556 (before tax). Then...I found this website and, more specifically, this forum. Looks like I got a really bad deal. Did I???
I am looking to lease an Armada next however...not feeling so invigorated after this deal Please help.
#30 of 219 Re: raw deal [ccerv13]
Jun 16, 2006 (8:44 am)
Jun 21, 2006 (2:15 am)
Wow, sdc3, a 63 month lease . You definitely do not want to lease this truck for that long. That is a very long time to be committed to one vehicle. A lot can change over the course of five years. You could decide that you are sick of paying an arm and a leg for gas for such a big truck, you could just plain get sick of it, your daily commute could change causing you to go way over your mileage allowance, etc... 36 to 39 month leases are usually ideal, 48 months at the longest. If you are so upside down on your current vehicle that you cannot lease an Armada for a shorter term, it would be in your best interest to wait until you are less upside down to get a new vehicle. Besides, the fact that you are so upside down on your current vehicle is going to cause you to pay way more than you should for your Armada.
It looks as though this lease may be through an independent bank. I say this because the $2,500 customer cash that Nissan is currently providing on the '06 Armada is not compatible with Nissan Motor Acceptance Corp.'s special lease program. This dealer probably had to do this so that they could use the cash to cover part of your negative equity. I can tell you want NMAC's current lease program is like for this truck. Keep in mind though that the $2,500 customer cash is not compatible with this lease program. If you were to lease an '06 Nissan Armada SE Off Road 4WD through Nissan Motor Acceptance Corp. right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00161 and 51%. Its 39 month numbers are .00163 and 50%. Its 42 month numbers are .00171 and 48%. Its 48 month numbers are .00181 and 41%. Lastly, its 60 month numbers are .00171 and 32%.
Prices Paid Forums