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Prices Paid: Buying & Leasing Experiences Nissan Maxima Lease Questions
269 messages, Last post on Jun 11, 2008 at 6:37 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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My wife is preapproved through NMAC for a tier 0 lease. What is the MF and Residual for a 2007 Maxima Elite with 15k miles per year? ALso, any recent selling prices for this car. My dealership plays game with in the F & I room and I cannot stand it. PLEASE HELP. I need a car fast! and this seems to be about the only one my wife likes that I can afford! Frustrated in GUlfport, MS R
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I just got qouted Maxima SE MSRP $28890 Selling Price $26417 15K/36 52% Residual $15172 Residual Value .00019 Money Factor $371mo payments (tax included) sign and drive( no money out of pocket) now my credit is a little shady but I have a cosigner with golden credit. Is that why my money factor is this instead of the.00004 that i have seen? Is this a good deal? Does Nissan have any lease cash that they are not disclosing? Let me know! They told me this was $300 under invoice.
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Never leased before and was offered 15,500 on trade in and owe 10,700. 2006 Maxima was MSRP app. 32,800. 12,000 miles per year with a residual of 17,053, for 338 for 36 months. Is this what I should be paying. Don't know to much about leasing. Help, please!!!
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Replying to: val06 (Jul 15, 2006 2:52 pm) Things people would need to know before we can offer you any help. 1. The residual percentage being used; this isn't negotiable and if you are using nissan financing, from my research, it should be 53% for a 36 month lease. 2. The money factor. Now this can be played with. The great news is that Nissan is offering a great money factor on 06s, .00004. Money factors are not interest rates, but to convert a mf to an interest rate, multiply the mf by 2400. In this case, this is a .7% rate. Practically no interest!!! 3. Are you putting you positive trade in money as a down payment? I don't recommend putting money down on leases. If you are putting down $5000, that's probably not a great price. Also, be aware that there is a $1500 factory to consumer rebate on 06 Maxima's according to Edmunds. I don't know if it's included in leases, but I think it should be. I'm about to buy an 06 or 07 Max. For the 06, if I can find the car I want, my MSRP is $35,805 and the invoice is $32,447. But remembering there is a rebate, the invoice is actually $30,947. If I can get a dealer to agree to that price, I calculated my payment to be $357/month. I would be paying at signing, the bank fee (or acquisition fee), any dealer fees, and of course the first payment. So basically, I'm not putting a down payment on the vehicle, just paying fees at signing. Compared to your deal, I'm only paying $19 more a month for a more expensive car and not putting down roughly $5000. So I'd say you're not getting a great deal. Go here to learn more about leasing. |
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Replying to: erik7 (Jul 16, 2006 7:35 am) |
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Replying to: erik7 (Jul 16, 2006 7:35 am)
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Replying to: dpwillis2401 (Jun 28, 2006 1:46 pm) Car_man Host Prices Paid Forums |
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Replying to: katiebrake (Jun 28, 2006 6:57 pm) Car_man Host Prices Paid Forums |
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Replying to: lm_cincy (Jul 07, 2006 3:18 am) Car_man Host Prices Paid Forums |
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