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Nissan Murano Lease Questions

1220 messages,  Last post on Nov 04, 2009 at 7:26 PM

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What is this discussion about? Nissan Murano, Car Leasing, SUV

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#1094 of 1220 Re: Negotiating Power Question for a new lease [aznightshade] by soylentgreen Jun 23, 2009 (10:32 am)
Replying to: aznightshade (Jun 23, 2009 9:22 am) Only if the your car fetches MORE than you're payoff (residual value) that the leasing company has set initially. If you do get some equity out of it (which I highly doubt you will in leases), you can use that towards your new lease.
#1095 of 1220 Re: Negotiating Power Question for a new lease [aznightshade] by jayrider Jun 23, 2009 (1:03 pm)
Replying to: aznightshade (Jun 23, 2009 9:22 am) Real world wholesale value on your car is several grand over 21k. If you go to a dealer now -- doesn't have to be nissan-- they may want your car bad enough to offer you more than the payoff. Sell it to them - payoff your lease and keep the difference toward a new whatever.You can sell it yourself and get 2-3 grand over 21k Trust me -- your murano with only 11500 miles will hit the used car lot for 27-28k and sell. That is a very hot suv. If you wait until lease end -- you are stuck and won't get a dime for your creampuff. Play one nissan dealer against another if you want another murano but don't wait -- get busy. Some might say I'm crazy but you can prove it one way or the other by shopping it around. Good luck.
#1096 of 1220 another 2006 almost lease end by whitall Jun 23, 2009 (7:05 pm)
I like my 2006 SL AWD Merlot Murano w/leather, sunroof, XM radio, heated seats etc. I lease it for $399 for 39 months and it's ending in October. I have 22,000 miles. It has no damage other than a few tiny stone chips in hood edge. I worked the lease based on a price of about $200 over invoice. I think the sticker was around 35,000 and my price was around 32,500 (not sure at the moment). The residual was around 50%, the residual I remember is 16,900, so that is my buyout correct? (plus NJ tax). It seems like a good deal to me to buy it since I am still happy with it and am not wanting to lock into another lease because in 3 years I may not be ready to keep paying...   Looked up values on Edmunds and they show a trade in of 20,600, private of 22,800 and retail of 24,777. I don't think I can buy a good used car for less than 16,900. It would seem I could buy it out, then trade it in, and I'd do better than if I just turned it in. Is that possible?   Realized I threw a lot at you all, just wanted to see what everybody thinks about my situation.   Still think I'll just keep it, but always thinking and wondering....... Replies to this message: whitall (Jun 24, 2009 12:40 pm) jayrider (Jun 24, 2009 2:25 pm) whitall (Jun 25, 2009 12:01 pm)
#1097 of 1220 Re: another 2006 almost lease end [whitall] by whitall Jun 24, 2009 (12:40 pm)
Replying to: whitall (Jun 23, 2009 7:05 pm) I am an idiot....my buyout is 19,000. The msrp was 36685 inc destination and my agreed upon value was 32638. payments of $391. I stupidly gave them $2000 down for first monthly payment, reg + doc fee and capitalized cost reduction ($1100 of the 2000) Not sure how they ended up with $2000 from me....anyway. My buyout is still less than Edmunds shows for trade in. Don't know where else to invest my 19,000 (going to pay half and finance half). If I re-lease or buy new I'll have either 6 years of payments, or another 3 years of lease and be looking at another lease buyout dilemma. Have a son going into junior year of high school.........   Also considering the extended warranty, gold preferred for $972 through an online Nissan dealer. It's a Nissan warranty. I'm going to try to get my local dealer to price match. I don't trust that backup camera/radio/climate screen not to go out on me. I have 3 weeks to decide on the warranty, 3 months to decide on the car. Replies to this message: jayrider (Jun 24, 2009 2:25 pm)
#1098 of 1220 Re: another 2006 almost lease end [whitall] by jayrider Jun 24, 2009 (2:25 pm)
Replying to: whitall (Jun 24, 2009 12:40 pm) Take your car all shined up and see what they will give you in trade after you negotiate the price. If you get 20-21k they will take it - contact nissan and you get a grand or two toward a new ride. 19k is way too much to pay for a car you leased. Add up all you put down and all the payments and then add 19k and see what you paid for the truck. That makes the most sense but do whatever -- its your $.
#1099 of 1220 Re: New lease 2009 AWD LE good price?? [bassler] by steevo Jun 25, 2009 (8:16 am)
Replying to: bassler (Jun 20, 2009 7:47 am) Wow that deal sucks! Have you even read any of the posts here?
#1100 of 1220 Re: another 2006 almost lease end [whitall] by whitall Jun 25, 2009 (12:01 pm)
Replying to: whitall (Jun 23, 2009 7:05 pm) Did some math, does it make sense or is my logic wrong?   Lease payments totalled 16349 including 1100 cap cost reduction. The buyout is 20222 including sales tax, for total payment of 36569 if I buy it out. If I put 10k down to buy it out and finance the rest I'd pay another 1k in interest for total of 37569.   If I had bought it up front for 34597 (including sales tax) and put 10k down, I'd have paid an extra 2,000 in interest, or a total of 36597.   So, it seems to me I paid 1,000 more to lease it. I had thought it was 500 when I did the deal, but probably forgot tax. OR I was figuring that my 10k down payment was in the bank, hoping to earn interest--which it did for a while locked in a CD of at least 4%., and my payments were lower.   I just wanted to know if I figured that right. I was hoping I did well on my lease. I know it was a low money factor and a good sales price, so I hope I"m right. I was willing to spend that 500-1000 for the security of being able to walk away if i wanted to. In essence, I took a 3 year test drive, and I liked the car!   PS. Real interest amounts may be different, but I used the same rate for both scenarios.
#1101 of 1220 Re: 2009 Murano S or SL Lease [geenice] by mikereyno Jun 26, 2009 (8:36 am)
Replying to: geenice (Jun 20, 2009 12:53 pm) My wife just got a Marano S with Convenience Pacage, Floor Mats, and Splash Guards ( + Destination charge of 745) that had sticker of $29,535. We drove the vehicle away after paying a $403.69 first payment and now have 38 more payments of $403.69. We purchased just across the river in PA but were tied to the NJ taxes and fees that were included in the total lease. Replies to this message: Car_man (Jul 08, 2009 2:48 am)
#1102 of 1220 Power Adjustable Pedals by soylentgreen Jun 26, 2009 (10:42 am)
Can anyone confirm if the 2009 Muranos come with power adjustable pedals just like in the MY 06-07? Replies to this message: tspaventa (Jul 08, 2009 12:43 pm)
#1103 of 1220 Real Situation from the Inside by mikemartin Jun 29, 2009 (5:17 pm)
I've been through an education on the Murano the last couple of days as my wife wants one.    It's the worst time to buy one because prices are high and dealers aren't budging that much because Nissan literally shut down production since last year (not totally, but more than 60% offline). The even bought out employees at their plant in Georgia that worked on the truck & suv lines, as demand for larger vehicles had sunk dramatically, and they wanted to focus on smaller cars.    So, dealers wanted more Muranos not because demand was so strong, but because they shut production down so dramatically (there was still some Murano demand, obviously). I was specifically told some dealers had not received any Muranos in the last two months - not one.    They are now ramping production of the Murano way up again. I was also specifically told there will be a large allotment of Muranos shipped at the end of July. I can see paying way more now than in a few months, further exacerbating the depreciation. Ughhh.    My wife wants a Murano at the worst possible time. I'm trying to steer her to well-stocked competing vehicles.    Wish me luck.

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