Last post on Dec 11, 2013 at 5:50 AM
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Nissan Maxima, Car Leasing, Sedan
#170 of 1379 Re: 07 Maxima SL Lease in Eastern PA [gslack]
Mar 18, 2007 (4:23 am)
Hi gslack. Nissan Motor Acceptance Corp.'s March buy rate lease money factor and residual value for a 36 month lease of a 2007 Maxima SL with 15,000 miles per year are .00245 and 53%, respectively. The 12,000 mile per year residual value would be 1% higher. I'm not sure where the lease program that you were quoted came from, but it looks much better than Nissan's current program for this car. $150 over invoice is a very good selling price.
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#171 of 1379 Re: A Bit Confused and Need Advice ASAP [arleneg]
Mar 18, 2007 (4:33 am)
Hi arleneg. The answer to your question about whether banks' lease money factors are negotiable is yes...and no. Let me explain. Dealers to not have the authority to lower banks' published residual values, but they are often allowed to make them up to add additional hidden profit to deals. This is why it is important to know exactly what the money factor should be for the vehicle that you are interested in leasing.
NMAC's current buy rate lease money factor for a 36 month lease of a 2007 Maxima SL is .00245. I don't think that you are going to be able to get a lower money factor than that on your car, regardless of whether you are a returning customer or not.NMAC's March money factor for a 36 month lease of the '07 Maxima SE is .00225. These cars' 24 month lease programs have lower money factors.
I personally always have sales tax added into my vehicle's monthly payment rather than paying it at lease signing. The main reason why I do so is it would be unbelievably annoying to have paid all of the sales tax for my leased vehicle and then have it end up getting totaled or stolen and be out that money.
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#172 of 1379 Re: impulse leaser would like thoughts on this deal.. [jc30092]
Mar 18, 2007 (4:36 am)
Hello jc30092. What you were told is not correct. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I suspect that you should have been able to negotiate a discount of at least $1,000, and probably more than that on your car's selling price if you are in an area that has a decent level of competition and had shopped around. Unfortunately, now that you have signed your lease contract and have physically driven off in your car there really isn't anything that you can do to get out of your lease.
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#173 of 1379 SE Lease question
Mar 21, 2007 (8:29 am)
I am looking to lease a 2007 Maxima SE I wanted to know if anyone had the residual percentage and the money factor used on a 24 and a 36 month lease with 15k a year for this month?
#174 of 1379 Lease payment for 07 SE with Nav, Drivers pack, Loaded
Mar 21, 2007 (12:05 pm)
What should I expect to pay for a 24 month lease on a fully loaded SE with Nav, Drivers package, etc? I only want to put down first month payment and I have good credit.
#175 of 1379 How does 1,500 rebate apply to Lease?
Mar 22, 2007 (9:01 am)
Currently there is a $1,500 rebate on the 2007 Nissan SL Maxima. I am being told by the dealer that this does NOT apply to negotiations regarding the price of the car in the context of leasing. Is this true or not? I am also looking to lease this car for 36 months, but am being told that 42 is the "best" value right now. Does this have any merit?
What is a good monthly price I can expect for a 30,900 MSRP 2007 Maxima SL with negotiated (hopefully) price of 27000? I live in NY, where tax is (I think) 8.65%. Residual for 36 months = 54%, money factor, from what I gather, is .00259. When I plug these numbers into a calculator I wrote (based on Car_MAN's formula), I get $360 a month (with nothing down). Are any of my numbers unreasonable or wrong one way or another? Please advise
#176 of 1379 Need help ASAP for 2007 Maxima SE
Mar 23, 2007 (5:53 am)
I'm going tonight to a dealer and I need help with some numbers.
What can I expect to pay for a 2007 Maxima SE MSRP 35,255, hopefully final sales price of $31,000, for 24 months, with $1500 down and 12k/ a year. I'm in Florida and the sales tax is 7%. My credit is excellent and I'm a recent college graduate.
My other question: is the $1500 cash back being offered by Nissan applicable to a lease?
#177 of 1379 Re: Need help ASAP for 2007 Maxima SE [aguayo]
Mar 23, 2007 (8:01 am)
I am actually in the same situation your in except I will be going to the dealer tomorrow morning. I live in Miami, florida so I am very interested in reading what your dealer tells you tonight. Good luck.
#178 of 1379 Re: Need help ASAP for 2007 Maxima SE [jq2383]
Mar 23, 2007 (8:27 am)
That's funny. I'm in Miami also. Going to Maroone of Miami. Let's see how it goes.
Mar 27, 2007 (9:54 am)
Car_man or anyone? Can you please help with question #175? How does the 1500 rebate offered by Nissan reflected (if at all) in negotiating a price? I was told by 2 dealership that it cannot be used at all, but something tells me that they can get something from it (which means I can use it in negotiations). This would be really helpful, thanx