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Nissan Maxima Lease Questions

600 messages,  Last post on Dec 05, 2009 at 1:11 PM

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What is this discussion about? Nissan Maxima, Car Leasing, Sedan

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#592 of 600 Re: Maxima S [procrastinat] by Car_man HOST Nov 23, 2009 (2:54 am)
Replying to: procrastinat (Nov 02, 2009 5:29 pm) You're welcome, procrastinat. Your calculations are actually a little off. Here's an article that describes how to calculate lease payments, Calculate Your Own Lease Payment.   The main problem that I see with your calculations is that vehicle's residual values should bee multiplied by their full MSRPs including the destination charge and the MSRPs of any options that can be residualized, not their selling prices.   I would be happy to work up a payment on this car for you if you provide me with its MSRP (you already mentioned the selling price).   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#593 of 600 Re: Nissan Maxima SV lease questions [mulanny] by Car_man HOST Nov 23, 2009 (2:56 am)
Replying to: mulanny (Nov 03, 2009 2:08 pm) Hi mulanny. I find that the easiest way to evaluate whether a lease is a good deal is to look at the selling price that it is based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how large a dealer discount you are being given.   Find out what this car's selling price and full MSRP are and let us know. I'm sure that either myself or another knowledgeable community member will gladly let you know what they think.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#594 of 600 Re: 2010 Nissan Maxima lease help [kitty223] by Car_man HOST Nov 23, 2009 (3:00 am)
Replying to: kitty223 (Nov 03, 2009 5:12 pm) Hello kitty223 (get it, hahahaha...sorry I know that it was bad but I have to find some way to amuse myself ).   The money factor that you were quoted to lease the Maxima that you are interested in is right in line with Nissan Motor Acceptance Corp.'s current buy rate for this model. That is always a good thing.   The other important variable that I always look at when evaluating a lease is the vehicle's selling price. I tried to configure a similar car to see what its MSRP is, but I can't seem to find the remote starter option's pricing. Let me know what this car's exact MSRP is and I will tell you what I think of the selling price that you are being given.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#595 of 600 Re: October Lease numbers? [leaserjo] by Car_man HOST Nov 23, 2009 (3:04 am)
Replying to: leaserjo (Nov 12, 2009 2:17 pm) Yes, leaserjo, Nissan's lease program for the 2009 Maxima has indeed changed this month. It appears as though Nissan is not providing support on leases of the '09 Maxima any longer. As a result, if you were to lease one through NMAC, you would have to use its standard lease money factor of .00290. That's the bad news. The good news is that at least this factor is compatible with the customer cash that Nissan is providing on the '09 Maxima right now.   If you really want to lease a Max at this point, you probably would be better off going with a 2010 model. Nissan Motor Acceptance Corp.'s November buy rate lease money factor for a 36 month lease of a 2010 Maxima SV with 12,000 miles per year are .00122 and 57%, respectively. The numbers for an otherwise identical 39 month lease are .00122 and 56%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#596 of 600 Re: LEASE QUOTE OF 2010 MAXIMA SV [purplestar13] by ndmaximab4dec Nov 24, 2009 (10:44 am)
Replying to: purplestar13 (Nov 22, 2009 7:43 am) I am in Mass. also and seeking a lease on a 2010 SV w/sport tech pkg. I sold Nissans for a year during college and have inside knowledge of the workings of a dealership. Remember, the most important number in a lease is the final sale price from the dealer to the leasing company, so don't allow the salesman to get you stuck on the monthly payment. First of all, never put money down on a lease, as it is(unless specifically designated in the contract) profit to the dealer, who then manipulates the selling price to the leasing company to allow them to pocket the cash. The only money down should be for the security deposit/acq. fee/registration. The document fee, regardless of how many times the dealer insists it is not disallow-able, will be waived if you threaten to walk. Secondly, never fall for "sign and drive", because it is a pressure tactic which disallows time for you or your financial adviser/attorney to peruse the contract. 2010 Maxima SV Sport Tech Pkg $390/mo 0 down 36months 15k/year Replies to this message: clif3 (Nov 25, 2009 9:08 am) ndmaximab4dec (Dec 05, 2009 1:05 pm)
#597 of 600 Lease Quote on a 2010 Maxima SV by bclawnlg Nov 24, 2009 (8:48 pm)
Carman --   Trying to figure out whether I got a decent deal. Given that payments on similarly priced vehicles are all over the board, I've lost my perspective.   2010 Nissan Maxima SV - with just monitor package, splash guards and mats. MSRP on vehicle was $34,950 (including destination charge)   Dealer paid off the 2 months left on my existing lease for total of $900.   I put a total of $1,000 out of pocket (inclusive of first month's payment, title, etc.)   Payment is $342 a month plus sales tax (6%) equaling $363 a month for 39 months 12k miles per year.
#598 of 600 Re: LEASE QUOTE OF 2010 MAXIMA SV [ndmaximab4dec] by clif3 Nov 25, 2009 (9:08 am)
Replying to: ndmaximab4dec (Nov 24, 2009 10:44 am) Please clarify - did you get a lease for a 2010 SV Sport Tech Package for $390/month, $0 down for 36 months and 15k/year, or is that the deal you are looking for?   If you got that deal, it is awsome. What did you pay for the car? Based on my calcuations, it would need to be around $2000 below invoice (which would put it at around $350 below the dealer's actual cost). This assumes MF=0.00122 and residual of 58%.   Please let me know what you paid for the car and your lease numbers. Thanks. Replies to this message: ndmaximab4dec (Dec 05, 2009 1:05 pm)
#599 of 600 Re: LEASE QUOTE OF 2010 MAXIMA SV [clif3] by ndmaximab4dec Dec 05, 2009 (1:05 pm)
Replying to: clif3 (Nov 25, 2009 9:08 am) Finalized the deal late night, November 30th...on the last day of the month, sales managers agree to all demands(within reason) just to move as many units as possible. 2010 Nissan Maxima SV Prem pkg, Rear Spoiler, Splash guards, Floor&Trunk mats. MSRP $37,850 -incentives of $1,750($750 lease loyalty, $1,000 dealer incentive) 0 down / 39 month lease / 15k miles per year / Final Cap Cost $32,045 $346 per month / $367 per month incl. sales tax MA 6.25% Out the door for $1,216 = $595 acquisition fee(no getting around that one), $367 first month payment, TTL $154, $100 doc. fee   Residual Value of 58%= $21,953 Money Factor= .00122 (min. credit score of 740)   I realize I paid the doc. fee after advising one should never pay this fee. The dealers printed doc. fee on all forms was $444, as these fees are uncapped in Massachusetts. We had negotiated a final price of 32345, but the doc. fee was not to be waived. Talked them down to $32,045 and agreed to the $100, not bad.
#600 of 600 Original lease offer by ndmaximab4dec Dec 05, 2009 (1:11 pm)
BTW, this was his original "As low as I can go" offer MSRP: $37,600 Cap Cost:$33,120 (includes $750 Nissan Rebate and $500 owner loyalty)   Base on current lease programs, you would pay $412+tax for 39 months 15,000 mile per year with approved credit. Upfront fees required include: $595 Acq Fee, $444 doc fee, registration and sticker. Sorry, we don't waive the doc fee. You can transfer the plates from the Murano to the Maxima.

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