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Nissan Maxima, Car Leasing, Sedan
Jun 26, 2007 (1:43 am)
Here's the information that you're looking for, vb1pa. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 24 month lease of a 2007 Maxima SE with 15,000 miles per year are .00016 and 61%, respectively. The numbers for an otherwise identical 36 month lease are .00115 and 51%. If you decide to go with the longer term, you probably would be better off going with 39 months instead of 36. The 29 month program looks a little more attractive at .00080 and 50%. If you were to lease with only 12,000 miles per year, these cars' residual values would be 1% higher.
Prices Paid Forum
#221 of 1376 Re: Demo car lease questions [m6_2005]
Jun 26, 2007 (1:48 am)
Hi m6_2005. As long as they have never been titled, demo vehicles qualify for the same incentives as new vehicles. I believe that NMAC's residual values for demos are the same as they are for new vehicles, but I am not 100% positive that is the case. NMAC's current 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 .00185 and 51%, respectively. The numbers for an otherwise identical 39 month lease are .00185 and 50%. If you lease with only 12,000 miles per year, this car's residuals are 1% higher.
Prices Paid Forum
#222 of 1376 Re: Lease deal...or not??? [m6_2005]
Jun 26, 2007 (1:52 am)
Hey m6_2005. You definitely should pass on this offer. A $945 discount on a demo Maxima that has 5,000 miles on it is no deal. I am not intimately familiar with what the market is like for the Maxima right now, but I would be very surprised if someone who was in an area that has a decent level of competition was not able to find a dealer that was willing to lease them a brand new one at $500 or so over invoice.
Prices Paid Forum
#223 of 1376 Re: Lease deal...or not??? [Car_man]
Jun 26, 2007 (10:38 am)
m6_2005.... You should easily be able to get another $1000 off the cap cost= $2000 off... On the other hand it is not better to lease a demo vehicle with 5000 miles on it. The payments are based on the residuals. If at the end of said lease a car being turned in with 39000 (39 mos lease 12k/year) will lease out better than a car with 44000 miles.
on demo car they should be at least $500 under invoice. when you pay for the milage up front it is $.10/mile. Since you are already at 5000 miles times that by $.10 = $500...
That would be fair...
#224 of 1376 Re: New May lease money factors and residual numbers? [Car_man]
Jul 06, 2007 (8:18 am)
I didn't negotiate a price, I just received a monthly payment from multiple dealers. Including the $705 destination charge, my estimate for the MSRP using Edmunds for an SL AWD w/ the touring package is $36,405 and the invoice is $33,322. Thanks!
#225 of 1376 Re: New May lease money factors and residual numbers? [needacarnow]
Aug 02, 2007 (2:09 am)
Thanks for the additional information, needacarnow. Let's assume that you will be able to lease this car for $500 over invoice and see what sort of payment we come up with. According to my calculations, if you were to lease a 2007 Nissan Maxima SL that has an MSRP of $36,405 and a selling price of $33,822 through NMAC right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $500.
Prices Paid: Buying & Leasing Experiences Forum
Aug 07, 2007 (6:09 pm)
Looking to lease a nissan maxima se base with cloth,skyview.Trading in a nissan altima 2005 that they will be giving me 9,500 with 75k payoff is 15,000 rolling the rest in negative equity.Long story short wife got screwed on the altima bought it with 50k interest rate out the roof.This is the deal they have for me rolling 5,500 in negative equity sale price of the maxima is going to be either 27000 or alittle less monthly payment of 548 with 1,000 down 15k a year.And is nissan paying the sales tax this month as a incentive.I live in texas.The moneyfactor was 14,182 residual was .000179.Let me know what you think
Aug 09, 2007 (8:03 am)
I got the following lease from a local nj dealer last night and was wondering if it sounds like a good deal.
Super Black/ black leather
Packages and Options
Bluetooth Hands-Free Phone System
3.5 SE Premium Audio Package
Power Glass Sunroof
Driver Preferred Package
3.5 SE Sensory Package
Carpeted Floor & Trunk Mats
Lease 39 month
#228 of 1376 Re: maxima leasing [dwilliams5]
Aug 17, 2007 (7:54 pm)
Current Money Factor for '07 Maxima for August is 0.000645. The 39 mo. residual is 50% of MSRP.
If you do the lease math, based on your above MSRP, with a purchase price around $200 over invoice (invoice is around $30,670 for yours), your monthly payment for a 39mo. 12K lease, not including tax, comes to around $390/mo. with only
first month's payment and registration, title, etc. due at signing (around $500 total, out the door). NOTE: I did not even use your $3000 down payment in the above calculation!
Now if you put down $3000 as a cap cost reduction, that would lessen your payment to around $312/mo. not including tax...You'd still owe first payment, etc. at signing, assuming you used that $3K down payment purely as a cap cost reduction.
So, looking at all of this, you'd pay $1752 more than you should with the scenario above.
How? $390/mo. minus the $358/mo. you were quoted = $1248 extra over those 39 months. However, you showed $3000 down...meaning you are paying $1752 more than you need to, based on the above scenario of a $200 over-invoice purchase price!
Now I am not sure if your payment above included tax or not. My numbers here do not.
I leased an '07 Maxima today (my 2nd) for $200 over invoice and am paying $363/mo (tax not included) for 39 mo. with 12K mi. All that is due at signing is first month payment, title, registration, etc..around $500 at signing. The MSRP on mine is $29,995. I also negotiated, for my mom, another 2007 Maxima SE in October of 2006 for $200 over invoice, so anything more than that...walk! I hope I saved you some cash! I
#229 of 1376 Re: maxima leasing [drlev99]
Aug 18, 2007 (7:10 am)
Oh, and one other thing the dealer missed that I picked up on before I signed the papers, thank god! There is currently $500 cash incentive on the lease. So, now my payment went down to $350/mo....nice! I am not sure Nissan even knew about it till I mentioned it.