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Nissan Maxima, Car Leasing, Sedan
Jun 15, 2010 (2:34 am)
Hey gperr. NMAC's June buy rate lease money factor and residual value for a 36 month lease of a 2010 Maxima SV Premium with 12,000 miles per year are .00100 and 56%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 39 month lease are .00100 and 55%.
I'm not sure if NMAC offers leases with only 10,000 miles per year on Nissan division vehicles, but if it does they would be 1% higher.
Prices Paid: Buying & Leasing Experiences Forum
#779 of 1379 '10 Maxima SV Lease -- Good Deal?
Jun 18, 2010 (10:33 pm)
I'm in Illinois and may be leasing a new SV tomorrow morning and would REALLY appreciate your input tonight if possible ... MSRP is $35,600 -- Internet Price is $28,449 (including all current incentives, which I believe equal $2,250). I have exceptional credit. Lease term is 39 months/15K mileage. I am trading in my vehicle (say they're giving me $11,500) and getting back $8,000 cash ... so putting down roughly $3,500 total. The payments will be $315/mo. I'm trying to figure out if there are any hidden costs and if I'm truly getting the price I'm being told for my trade and new car. Does this add up? Please advise, thanks.
#780 of 1379 Re: '10 Maxima SV Lease -- Good Deal? [sandiana]
Jun 18, 2010 (11:41 pm)
I'd also appreciate if you would point out anything else I should know about -- such as 'fees' to watch out for, etc. Thx!
#781 of 1379 Re: June Rates [Car_man]
Jun 19, 2010 (4:56 am)
Car_man, I had same/similar question and was led here. Are you basically saying for each change in the lease term (months) the residual % changes by 1% - so from 36 to 39 = 1% decrease? What about from 24 to 36 - just a 1% decrease?
Is it similar logic for mileage/year - 1% decrease/increase for going to the next higher/lower mileage point (ex: 12 to 15 or 15 to 12)?
Lastly, how do the options/pkgs change the residual - for ex. Maxima SV with Cold & Monitor Pkgs. I assume the Maxima SV base has a given residual and money factor and the residual changes with added pkgs?
#782 of 1379 My lease deal from today on 2010 Maxima SV
Jun 19, 2010 (12:41 pm)
I just got home with my new Maxima and absolutely LOVE it so far! I was tempted to just keep driving instead of coming home, and might go out a bit later for a cruise. The dealer was great -- were up front re: everything, zero pressure, zero negotiating. In & out in less than 2 hours total. Here's my deal:
SV w/Monitor Pkg, Cold Pkg, Floor Mats/Trunk Mat & Splash Guards
Price: $31,849.09 (below invoice)
Minus Rebates: $2,000 rebates
Actual Price Paid: $29,849.09
$3,000 down + 1st mo payment
$315.00 39 mo / 15K miles yr
(I have very good credit, so got .00100)
I live in the Chicago burbs. If you live in the area and are interested in a similar deal, plz let me know, as I would get a free month's payment if I refer you.
#783 of 1379 lease quote for maxima SV with sport, cold and monitor/tech package
Jun 20, 2010 (9:02 pm)
ok looking for some feedback here.
i have a deal on the table and here is what the lease quote is on.
i have a 2008 2.5 SL altima with 22K miles (i can put up to 39,000). i have 8 payments left at $480.39 (i rolled a previous car into this payment) . the residual at end of the lease term is $15,723 and the payoff today is $18,977. the car has low miles and has about $1,000 in body damage.
i have Tier 1 credit with NMAC and they have already pre approved me up to $700 a month. i am wondering if i burn out this lease and stay in the altima or if i have a good (early) deal. i dont want to be rolling negative equity into my new lease (or a minimal ammount would be fine).
39 months, 12,000 miles a year
get out of my altima early and dont have to fix body work
$479.23 a month
state - illinois
zero down (except first month payment, dock fee, and plates ~$800.
one dealer quoted me $525 and i walked out - they were the deal i got the altima at and called me to come in. another for the same car quoted $479.23. do you recommend i make the deal or wait? beat them up a litte more? what would the lease payment be for this same car in january if i burn the altima lease further? will it be $50 to $100 less a month? nissan dealer says they will be buying my altima from NMAC. i do realize i am getting a much better car with a lower payment (by $10 a month) without having to fix the body work.
let me know thoughts and what you think i should do. also, let me know if you need any additonal information.
#784 of 1379 Re: lease quote for maxima SV with sport, cold and monitor/tech package [hoosier203]
Jun 21, 2010 (7:46 am)
I posted a couple times and didn't get any responses, so figured I'd at least reply to yours. You'd be upgrading from a 2.5 Altime to a 2010 3.5 Maxima SV ... is that correct? At a lower payment. If so, they are doing some MAJOR magic with their numbers, and it seems like a no brainer to me assuming there are no other hidden costs anywhere. My guess is that you may have overpaid on the Altima (your current payment seems very high for that car, IMHO, but I don't know what addt'l debt you may have rolled into it), which is how they're able to eat those costs. Sounds like a great deal compared to your current one. I've only had my Maxima SV for 2 days now, but I absolutely LOVE it. And, I was coming from a car that already had a powerful V6, etc. The difference between your 2.5 Altima and a Maxima SV is going to blow you away.
#785 of 1379 Re: June Rates [jcohman]
Jun 21, 2010 (8:02 am)
Hi, I'm obviously not "car man" but I saw your post and wanted to let you know what my understanding is, given my personal experience this weekend. My residual (on an SV with Monitor & Cold Pkgs, plus mats & splash guards and an MSRP of $35,600) went down to 54% when I increased the mileage to 15K. Was still a great deal for me, especially since I plan to turn the car in vs. purchase when my lease is up.
#786 of 1379 Re: lease quote for maxima SV with sport, cold and monitor/tech package [sandiana]
Jun 21, 2010 (8:20 am)
yes i lease the altima now and it doesnt come due till january and would be now leasing a 3.5 maxima sv.
i did overpay on the altima and i rolled some debt into that payment. i just want to make sure i am not rolling more debt again into the maxima. i jsut want to be 'free'. what i was getting at was if i did wait, would my payments for the same car be much lower than what they are quoting?
thanks for the help!
#787 of 1379 Re: lease quote for maxima SV with sport, cold and monitor/tech package [hoosier203]
Jun 21, 2010 (8:30 am)
Yeah, I would think that they're definitely rolling that debt into the new/proposed lease. I just leased an SV with an MSRP of $35,600 -- I put down $3,000 and my payment (39 months 15K miles/yr) is exactly $315.00 with top-tier credit. That was with paying $712 under invoice PLUS getting another $2,000 in rebates ... so getting it for $2,712 below invoice. Your payments would certainly be lower if you waited, assuming similar incentives/rebates are being offered at that time.