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Nissan Armada Lease Questions

136 messages,  Last post on Nov 02, 2009 at 2:42 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Nissan Armada, Car Leasing, SUV


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#56 of 136
Re: Seems very high [sbuhler] by Car_man HOST
Jan 22, 2007 (3:10 am)
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Replying to: sbuhler (Dec 29, 2006 9:32 am)

Hi sbuhler. A base 2007 Nissan Armada SE 2WD has a spread of around $3,175 between its full MSRP and its dealer invoice price. You were quoted a discount of $2,782 on this truck. So you are probably at around $500 over dealer invoice or so. That is a good deal on this truck right now. Using the prices that you mentioned in your post and NMAC's latest 36 month, 12,000 mile per year money factor and residual value (.00230 / 50%), I estimate that this truck's zero down, pre-tax monthly payment should be around $565. As you can see, something's not right about the payment that you were quoted.
 
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#57 of 136
Re: Can't find a 4X2 LE [bud_foxx44] by Car_man HOST
Jan 22, 2007 (3:12 am)
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Replying to: bud_foxx44 (Jan 05, 2007 6:01 pm)

Hi bud_foxx44. I would be happy to use Nissan's actual lease program to tell you exactly how much the specific truck you are interested in will cost to lease right now. I just need you to provide me with its full MSRP and approximate selling price. You may be able to get an idea of what sort of selling price to expect by visiting the following discussion: "Nissan Armada: Prices Paid & Buying Experience".
 
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#58 of 136
Re: Looking for current residual and money factors [danymac13] by Car_man HOST
Jan 22, 2007 (3:18 am)
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Replying to: danymac13 (Jan 14, 2007 6:10 am)

Hi danymac13. Nissan Motor acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2007 Nissan Armada LE 4WD with 12,000 miles per year are .00230 and 51%, respectively.
 
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#59 of 136
Re: 2006 Armada LE 4x4 Lease Question [manaraki] by Car_man HOST
Jan 22, 2007 (3:26 am)
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Replying to: manaraki (Jan 15, 2007 4:35 pm)

Hi manaraki. Nissan is no longer providing lease support on the 20067 Armada. You can still lease one through Nissan Motor acceptance Corporation if you want, but if you do you will have to use its standard lease program. That's the bad news. The good news is that Nissan is currently providing $4,000 dealer cash on this truck that you can use to negotiate a very low capitalized cost for your lease.
 
Let's work up some payments for this truck using the prices that you mentioned in your post and see what we come up with. According to my calculations, if you were to lease a 2006 Nissan Armada LE 4WD with an MSRP of $46,685 and a selling price of $39,299 through NMAC right now for 36 months with 12,000 miles per year (I don't believe that it offers leases with only 10,000 miles per year), your zero down, pre-tax monthly payment would be around a whopping $710. The numbers for an otherwise identical 39 month lease should be $679. The numbers for a 42 month lease would be $663. And the numbers for a 48 month lease would be around $635. Unfortunately, as you can see, you are not going to be able to get anywhere near the $400 per month that you're looking for. You might be able to get closer to that number by leasing a 2007 model, but even then you're still going to be well over $500 a month for an Armada.
 
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#60 of 136
Re: Can't find a 4X2 LE [Car_man] by bud_foxx44
Jan 22, 2007 (7:17 am)
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Replying to: Car_man (Jan 22, 2007 3:12 am)

Here are the 2 different Options:
 
2007 4X4 LE with just sunroof option
MSRP $44,000 selling price $38,690 plus tax
 
2007 4X4 LE tech package with Nav and sunroof
MSRP $48,000 selling price $40,190 plus tax.
 
I am looking at 39 or 48 month lease for 12K a year and the tax rate is 7% where I live.
 
Also I would like to pay 1st month and motor vehicle fees upfront, somewhere around $1400-1500
 
Thanks
#61 of 136
Carman-Help-Please :) by manaraki
Feb 02, 2007 (6:19 am)
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You have helped me in the past and I appreciate all the help you have given to me and countless others. With that being said, and knowing you have told us many times to try and not put anything down, I am going to ask for numbers anyway. Here we go:
 
2006 Nissan Armada LE 4X4
 
MSRP 46685.00
Sell 38404.00
 
39 months
10K miles or 12K if it makes price per month go down.
 
17K down (trade in)
 
Thank you very much once again!
#62 of 136
Re: Carman-Help-Please :) by manaraki
Feb 02, 2007 (8:19 pm)
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Replying to: manaraki (Feb 02, 2007 6:19 am)

Carman,
 
There have been a few changes to the above email. I have more accurate numbers. First one is with 17K down (Trade in, paid off) Here we go:
 
Option 1
 
2006 Armada LE 4X4
 
MSRP 46685
Sell 42404
Rebate 4000.00 ( They will give it to me)
Money Factor .00395
Residual 39%
Miles 15K
Term 42 months
 
Price per month quoted 270.65 a month (tax included)
 
Option 2: This is with 16K down:
 
2007 Armada LE 4X4
 
MSRP 48855
Sell 45885
Money Factor .00288
Residual 49%
Miles 15K
39 months
 
Payments for this one is 352.00 (tax included).
 
Option 3:
 
2007 LE 4X4
 
17K down
MSRP 45,875
Sell 41,741
Money Factor .00203
Residual 49%
39 Months
12K
 
Payments quoted at 208.65 plus tax. Are any of these even close? What should they be? Thank you so much!
 
Do these seem accurate? When I use lease guide, these seem high. I have also had two different money factors on 07's.
#63 of 136
Re: Carman-Help-Please :) [manaraki] by manaraki
Feb 05, 2007 (7:16 pm)
Reply

Replying to: manaraki (Feb 02, 2007 8:19 pm)

Option one has changed to:
 
Option 1
  
2006 Armada LE 4X4
  
MSRP 46685
Sell 42404
Rebate 4000.00 ( They will give it to me)
Money Factor .00320
Residual 41%
Miles 12K
Term 39 months
 
Payments with tax are 210.00 a month with 17K down.
 
Sound good?
#64 of 136
Re: Can't find a 4X2 LE [bud_foxx44] by Car_man HOST
Feb 12, 2007 (3:58 am)
Reply

Replying to: bud_foxx44 (Jan 22, 2007 7:17 am)

Thanks for the additional information, bud_foxx44. Let's work up some lease payments on these trucks and see what we come up with. According to my calculations, if you were to lease a 2007 Nissan Armada LE 4WD with an MSRP of $44,000 and a selling price of $38,690 through Nissan Motor acceptance Corp. right now for 39 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $543. The payment for an otherwise identical lease of a truck with an MSRP of $48,000 and a selling price of $40,190 should be around $536.
 
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Prices Paid Forum
#65 of 136
Re: Carman-Help-Please :) [manaraki] by Car_man HOST
Feb 12, 2007 (4:58 am)
Reply

Replying to: manaraki (Feb 02, 2007 6:19 am)

You're very welcome, manaraki. There's nothing wrong with trading in your current vehicle when you lease your new one, but it would be in your best interest to have the dealer that you are working with cut you a check for any equity that you have in your trade rather than using the proceeds from it as a down payment for your lease.
 
A base 2006 Nissan Armada LE 4WD has a spread of around $3,900 between its full MSRP and its dealer invoice price. On top of that Nissan is providing $4,000 dealer cash on it. That gives you a total of nearly $8,000 to play with, which is right around the discount that you were quoted. This selling price looks very good to me. Nissan is not currently providing any lease support on this truck, but if you want to lease it through NMAC you should still make sure that the dealer uses its buy rate lease money factor of .00295 to calculate your truck's monthly payment.
 
Car_man
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Prices Paid Forum

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