Last post on Sep 24, 2013 at 5:20 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Nissan Maxima, Car Leasing, Sedan
#732 of 1376 Considering a lease
Mar 26, 2010 (6:23 pm)
So glad to have a forum like this. This is my first time possibly leasing a vehicle, so I am new to the world of money factors and residual values. I think I've got the concept of residual value down, but the money factor is still new to me.
Anywho, I went to a local Nissan dealer in Orlando, FL. First visit, drove a Maxima S, nice vehicle. Begin to negotiate with the salesman and general manager. After about 45 minutes, they gave us this offer:
2010 Nissan Maxima S
-Top Tier Credit Rating
-56% residual value
-$310/mo + Taxes
-First month's payment and Tag fees up front. (About $700+/-)
-I exited the building....
I feel like they can go lower. I didn't mention any dealer cash back incentives.
Is my gut feeling right, or is this a pretty good deal? What should I use as my next negotiating tactic?
#733 of 1376 Re: Considering a lease [superb]
Mar 26, 2010 (9:09 pm)
That is a superb deal. Take it and run...
#734 of 1376 2010 Maxima 3.5 SV W/ Premium & Tech package
Mar 27, 2010 (8:12 am)
Just closed a deal this past Tuesday, it goes as follows:
2010 Nissan Maxima 3.5 SV W/ Premium & Tech Package (Super Black on Charcoal)
Sell Price: $34,500
Cap Cost: $1,500
They pay my remaining BMW lease payments
Total OTD: $2,800 (cap cost, I'm paying taxes up front, but they have to be subsidizing part of that cost, because my 1st quote was with 4,900 down and that was taxes, 1st month payment, fees,etc)
Monthly Payment: $399 (no tax, paid up front)
Term: 39 Months
I'm am pretty excited about this deal, the only thing I didn't have disclosed was the Money Factor, but from checking it against most of the deals posted on here, I'm very satisfied. I pickup Monday!
#735 of 1376 Re: 2010 Maxima 3.5 SV W/ Premium & Tech package [ryguyrrs7]
Mar 27, 2010 (11:15 am)
I got the same deal putting down 1k and 1st month payment of 395. 39870 was the MSRP, tech and sports pckge, crimson black
#736 of 1376 2010 Maxima Lease
Mar 31, 2010 (9:42 am)
Here is the best offer I have gotten so far. Is this any good?
2010 Maxima SV Sport w/ Technology package
$432 / month
$600 out of pocket
#737 of 1376 How do these numbers look?
Mar 31, 2010 (1:00 pm)
I am turning in lease of a 2006 Murano
-I owe $962 for "wear & tear"
I was offered a 2010 Maxima 3.5 SV MSRP:$34,250.00
Dealer will waive the entire $962
Down payment of $2,000
$375 per month
Is this a good deal?
#738 of 1376 Re: How do these numbers look? [sweetdee]
Mar 31, 2010 (2:23 pm)
Forgot to mention that I am in California
#739 of 1376 Re: Money Factor [tdubs2]
Apr 02, 2010 (2:53 am)
Hi tdubs2. You should easily qualify for NMAC's best available money factors. I just looked into it for you and all it takes is a credit score of 690 or higher. Also, NMAC charges an acquisition fee of $595 on all leases, that's it. The combined $1,390 in fees that the dealer is trying to slip past you is way too much.
I personally would be turned off by these tactics and likely would look for a different dealer to work with.
Prices Paid: Buying & Leasing Experiences Forum
#740 of 1376 Lease deal closed today
Apr 02, 2010 (10:53 pm)
I did my research so I think I got a great deal. I hope you all agree:
Nissan Maxima 2010
Dealer incentives: $1500 and $500 coupon
0 out of pocket
$339 per month inclusive of taxes
Doesn't really have any extra features but it's pretty well equipped at the base model,
I live in Palm Beach, FL
Do you agree or should I have buyer's remorse?
#741 of 1376 Re: Money Factor [Car_man]
Apr 03, 2010 (7:15 am)
Thanks for following up for me.
I ended up getting the 2010 Maxima S with a $31,530 MSRP for roughly $300/month (39 months lease/39k miles). The monthly payments include taxes rolled in, only one $595 NMAC bank fee and reg fees.
0.00167 money factor (I know, still more than the 0.00105)
Overall price was pretty good so I took it.