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Nissan Murano Lease Questions

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

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#1099 of 1220
Re: New lease 2009 AWD LE good price?? [bassler] by steevo
Jun 25, 2009 (8:16 am)
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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)
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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)
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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.
#1102 of 1220
Power Adjustable Pedals by soylentgreen
Jun 26, 2009 (10:42 am)
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Can anyone confirm if the 2009 Muranos come with power adjustable pedals just like in the MY 06-07?
#1103 of 1220
Real Situation from the Inside by mikemartin
Jun 29, 2009 (5:17 pm)
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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.
#1104 of 1220
Re: Getting out of lease early [dsn187] by Car_man HOST
Jul 08, 2009 (2:40 am)
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Replying to: dsn187 (Jun 17, 2009 2:49 pm)

Hi dsn187. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
  
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".
 
Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1105 of 1220
Re: Negotiating Power Question for a new lease [aznightshade] by Car_man HOST
Jul 08, 2009 (2:42 am)
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Replying to: aznightshade (Jun 23, 2009 9:22 am)

Hi aznightshade. Unfortunately, the fact that your current Murano is under its allowed mileage and in good condition probably will not help you to get a better deal on your next vehicle. The only way that it would is if your truck is worth significantly more than its purchase option price at lease-end. That usually doesn't happen. If that is the case, see if you and the dealer can work something out.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1106 of 1220
Re: 2009 Murano S or SL Lease [mikereyno] by Car_man HOST
Jul 08, 2009 (2:48 am)
Reply

Replying to: mikereyno (Jun 26, 2009 8:36 am)

Congratulations on getting your new Murano, mikereyno. Thanks for taking the time to share the details of your lease with everyone. Real world examples like this are always helpful for others who are in the market for similar vehicles. If you haven't already, make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1107 of 1220
Re: Power Adjustable Pedals [soylentgreen] by tspaventa
Jul 08, 2009 (12:43 pm)
Reply

Replying to: soylentgreen (Jun 26, 2009 10:42 am)

My 09 does not have the power adjustable peddles like my 2006 did. I can't say I even miss it. My LE still has all the power seat adjustments and two separate modes (two people can save their own settings).
#1108 of 1220
Current July 2009 Lease rates by rockernj
Jul 24, 2009 (3:07 am)
Reply
Does anyone have accurate info on the current breakdown of lease rates on a 2009 Murano SL AWD (Money Factor/Residual broken down by lease term)? Please factor for Nissan Tier 0 returning customer.

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