- #6 of 136
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Re: 2006 - Armada LE Lease Quote [Car_man]
by minaldo1
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Nov 18, 2005 (12:11 pm)
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Replying to: Car_man (Nov 14, 2005 3:27 am)
Car_man, thanks. Glad to see my lease calculator is in working order. I don't understand why they would tell me the best money factor I can get is .00218, when you are showing a slighlty lower one. I'm a 3 time lease Nissan customer with outstanding credit (in the 780s). And the lease payment should be about $70 per month less. That's serious money. It really bothers me that they monkey around with the numbers like this, all they do is destroy their credibility and poison the relationship. Would the residual go up much (and my monthly lease cost down) if we use 10,000 mile per year cap instead of 12,000? Also, is it true that NMAC does not offer the car rebate ($1,500)on leases? Thanks
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- #7 of 136
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Re: 2006 - Armada LE Lease Quote [minaldo1]
by Car_man HOST
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Dec 20, 2005 (3:08 am)
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Replying to: minaldo1 (Nov 18, 2005 12:11 pm)
You're welcome minaldo1. I can certainly understand why you are annoyed. I would be as well if the dealer that I was working with was trying to mark up the money factor of the car that I was interested in. Try not to take it too personally though, it's just business. Now that information on invoice prices and incentives are available on sites like Edmunds.com, dealers are putting more effort into making money on the back-ends of deals, like by marking up interest rates. If they didn't, a lot of dealers would probably have to close their doors. Now that you know what this car's money factor should be, don't let them mark it up on your deal.
I don't believe that Nissan Motor Acceptance Corp. offers 10,000 miles per year leases on Nissan division products. Yes it is true that Nissan's normal customer cash incentives are not compatible with its special lease program.
Car_man
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- #8 of 136
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Armada lease
by buster6
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Jan 30, 2006 (10:24 am)
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Could you please provide the current 3yr/15k money factor and residual on the armada. Thanks!!
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- #9 of 136
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Re: Armada lease [buster6]
by Car_man HOST
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Feb 21, 2006 (4:49 am)
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Replying to: buster6 (Jan 30, 2006 10:24 am)
I sure can, buster6. This truck's lease program varies by trim level though. For now, I will provide you with information on the 2006 Armada LE 4WD. Let me know if you want a different model. If you were to lease this truck 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 .00163 and 51%, respectively.
Car_man
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- #10 of 136
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Re: Armada lease [Car_man]
by achadha1
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Feb 26, 2006 (10:17 pm)
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Replying to: Car_man (Feb 21, 2006 4:49 am)
i am new to the lease calculator what would the payment be on a Armada that costs 40k for a 39 month lease at 15,000 miles a year
Thanks
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- #11 of 136
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Re: Armada lease [achadha1]
by Car_man HOST
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Feb 27, 2006 (3:13 am)
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Replying to: achadha1 (Feb 26, 2006 10:17 pm)
Hi achadha1. When you say that the Armada that you are interested in costs $40,000, do you mean that's its MSRP or selling price? Either way, I need to know both of these numbers to calculate a lease payment on this truck for you. I'd be happy to estimate what your lease payment should be on this truck if you provide me with this pricing information, as well as a detailed description of the Armada that you want. The description is necessary because its lease program varies by trim level.
Car_man
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- #12 of 136
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Armada Decision??? Need Advice!
by matta3
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Feb 27, 2006 (5:28 am)
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Hello,
I am looking at a NEW '06 Armada LE with Rear DVD and Tech Package, Micro-Filter, Floor Mats. The MSRP is $46,075.00 or thereabout. I also have a 2003 Lincoln Aviator with 38,500 miles, and Autobytel says the good trade in value for it is $20,675. My payoff is $17,748.00 so I have some equity.
All told, I offered the dealership $619.00 per month for 36 months, and they countered with $629.00 for 38 months.
I based this off of paying invoice which is $41,600 minus $2,252.00 in equity (if they give me $20,000 for mine), rolling in title and license, and with the taxes being waived. I used a rate factor of .0163. Is this the correct one to use???
They told me you either get the rebate of $2,000 or the sales tax waived, and in Texas our sales tax on cars is 6.25%.
Is $619.00 a good deal, a great deal, or not so good?
I have to decide by tomorrow.
Thank you!!!!!!!!!!!
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- #13 of 136
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Re: Armada lease [Car_man]
by achadha1
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Feb 27, 2006 (8:30 pm)
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Replying to: Car_man (Feb 27, 2006 3:13 am)
its an LE 4X4 with tech and dvd package msrp is 46,500 or so final cost to me is 40,000
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- #14 of 136
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Re: Armada Decision??? Need Advice! [matta3]
by Car_man HOST
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Feb 28, 2006 (5:44 am)
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Replying to: matta3 (Feb 27, 2006 5:28 am)
Thanks for posting your questions in this discussion, matta3. Let me begin by saying that I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Armada would be exactly the same, regardless of whether you had put $2,000 down, or had made absolutely no down payment at all. You can still trade in your Aviator when you get your Armada. Just have the dealer that you trade it in to cut you a check for the equity that you have in it rather than using it as a down payment on your lease.
Dealer invoice is a very attractive selling price for this truck, especially considering that the $2,000 customer cash that Nissan is currently providing on it is not compatible with its special lease program. Let's estimate what sort of lease payment this truck would have if you were to lease it through Nissan Motor Acceptance Corp. According to my calculations, if you were to lease a 2006 Nissan Armada LE 4WD with an MSRP of $46,075 and a selling price of $41,600 through NMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $609. So $619 a month before tax is a good deal, as long as you don't have to make a down payment to get it.
Car_man
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- #15 of 136
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Re: Armada lease [achadha1]
by Car_man HOST
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Feb 28, 2006 (5:46 am)
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Replying to: achadha1 (Feb 27, 2006 8:30 pm)
Thanks for the additional information, achadha1. OK, according to my calculations, if you were to lease a 2006 Nissan Armada LE 4WD with an MSRP of $46,500 and a selling price of $40,000 through NMAC right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $536.
Car_man
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