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Nissan Maxima, Car Leasing, Sedan
Sep 10, 2011 (1:55 pm)
In reading some of the posts here, I found that the Residual is 54-55% on a 2011 Nissan Maxima SV with Premium Package on a 39 month 15,000 Lease with a 0.00022 MF.
The reason I ask is because on a car with an MSRP: $39,250 I did a Lease on Monday and was told the Residual is $21,985 which indeed comes out to 56%.
However I was called back to the dealership 4 days later to resign paperwork because the "dealership made an error" and the Residual on that car is actually 52%?
So I wanted to ask, which one is it? 52% or 56%??
Obviously, with a lower Residual, you payment goes up. However, I was able to get the dealership to match the same payment by lowering the price on the car by close to $1500 and lowering the MF from 0.00022 to 0.00004 (0.10% APR, total Rent Charge on Lease = $86)
So in the end it worked out well for me. But this seems highly unusual, I have done plenty of leases in the past and am surprised a dealership would make this type of a mistake.
That and I have never seen 52% Residuals mentioned on this board! Thanks for clarifying!
#1192 of 1376 Re: Question for Car_man [htownpimp786]
Sep 14, 2011 (8:45 pm)
I have been shopping the Maxima SV Premium package in NY and have gotten a residual of 52% for 15,000 miles and 53% for 12,000 miles with a money factor of .00004/0.10% at several dealers.
These have all been for a 39 month leases. What concerns me is that Nissan's warranty is only for 36 months so I am on my own in terms of warranty coverage for the last 3 months. Opinions?
#1193 of 1376 Re: Question for Car_man [decisiontime10]
Sep 15, 2011 (5:05 am)
Just signed a lease deal for a 2011 Maxima S in NJ. Had a trade in for $6500, so with that as a down payment I was able to get $185/month for 39 months. Total payments including tax,title, etc came to $13400 for the lease term. I was also pricing a base accord and passat and this deal was just 1500 over 3 years more so it made sense with all the standard features maxima had.
A little jealous some of you were able to get the premium versions for $30/$40/month more but I really didn't need the extra frills. This is mostly a drive 20 minutes to work car.
#1194 of 1376 Re: Question for Car_man [htownpimp786]
Sep 16, 2011 (4:39 pm)
Where is Car_Man???
#1195 of 1376 Re: i think i was taking for a ride [melli]
Sep 18, 2011 (5:10 am)
Ugh! Wish I could buy a billboard outside their showroom to simply encourage buyers to 'run.' I had a very bad experience here back in 2002 when the Altima had first been restyled. Long story short, I walked out of that dealership, drove across the VNB and purchased my new Nissan from SI Nissan. Just leased a Maxima yesterday at SI and talked about that experience 9 years ago. Suggest you do not take your auto to Bay Ridge for service for anything other than routine maintenance. Crooks in that category, as well. Your lease deal does not seem optimal, but don't know all the facts. But if instincts tell you something's not right, based on your dealer, I'd be inclined to agree that you're smelling a rat.
#1196 of 1376 Re: i think i was taking for a ride [deedel08]
Sep 19, 2011 (2:39 pm)
Just curious, do you work fo SI Nissan? Bay Ridge guys are crooks but SI Nissan are as bad as their Broooklyn counterparts.
#1197 of 1376 Re: Question for Car_man [htownpimp786]
Sep 19, 2011 (3:44 pm)
The 52% residual value that you were subsequently quoted is indeed correct. It sounds like an expensive mistake on the dealership's part if they're lowering your car's price enough to make up the difference.
Prices Paid: Buying & Leasing Experiences Forum
#1198 of 1376 Re: i think i was taking for a ride [SergeyM]
Sep 20, 2011 (4:18 am)
Of course, I do not work there. But I just leased my 4th Nissan from them and haven't a complaint to make - including my impression of their fair dealing. I can conclude that the buying process for big ticket items like a new car is sure to leave anyone skeptical. I get it.
#1199 of 1376 2011 Maxima SV price
Sep 26, 2011 (9:37 am)
I am looking into a 2011 Maxima SV with msrp of $36,645. I want to make an offer, was thinking of $33,000. Is this good or should I go lower?
#1200 of 1376 truecar
Sep 26, 2011 (10:40 am)
Truecar would indicate a couple thousand lower will fly in most areas, check it out.