Last post on Nov 16, 2013 at 7:50 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Nissan Murano, Car Leasing, SUV
#1142 of 1618 Re: Murano lease rates [Car_man]
Sep 22, 2009 (3:23 am)
Hey Car Man:
I have a 2006 Murano with a lease maturity at 12/5/09. The Nissan dealer says I can get out of my lease now and get a new Murano.
Is your answer to kimmyp the same for me: e.g. she is not getting a good deal with 2 months left on her lease because the dealer is picking up the payments. OR is my situation different because I am currently in a Nissan with NMAC and attempting to purchase/lease a new Nissan.
#1143 of 1618 Re: Murano lease rates [mgoldstein]
Sep 22, 2009 (6:23 am)
First, negotiate the selling price of the new murano. Factor in any re-lease financial support that may be offered by nissan. Get the money factor and residual and work the numbers.What fees will be waived and how much out of pocket money will they expect you to put down [other than taxes]. Have them explain to you how this deal is better than the one you could get if you kept the car til lease end.Post the stuff here and ask the lease gurus to evaluate the deal. You can indeed re-lease early with up to 5 months left on your lease. Depending on your payoff, you may have some equity that could be applied to the deal as well.
#1144 of 1618 Curious if "residuals" available for 6 years out...
Sep 22, 2009 (10:56 am)
I am doing what so many of you say not to do, I am buying out my 2006 lease. The msrp was 36685 for the SL AWD leather, moonroof, leather etc. and my "agreed upon value of the vehicle" in the gross cap. cost section was 32638. I worked hard to get that price! The money factor was .000580 (which is like 2.4% I think) amd the residual is 19076.
I think that 19076 is great for this car with only 25k miles on it, so I plan on buying it. I think the residual was low. Also, there are no fees to purchase it if I deal direct with NMAC and use my own loan or cash. The dealer would charge $150 in fees (or possibly more)
I am curious whether there are figures on expected residual for 3 years from now, on a 6 year old car. Trying to figure out what it will be worth in 3 years if I want to sell it to compared it to the option of leasing again. It is in great shape, and I thi nk it seems financially irresponsible to spend an extra 15,000 just to have the same car but new.
#1145 of 1618 Re: Curious if "residuals" available for 6 years out... [whitall]
Sep 22, 2009 (12:40 pm)
The lo miles make buying pretty decent. You would have saved more had you purchased instead of leased -- hindsight. A 50k mile 6 year old murano will still be an attractive car -- you can check edmunds true cost to own and get an idea of what to expect. The real savings long term would be to finance for 3-4 years and keep it for at least 6 additional years. Probably still get close to 10k for it if it's super clean. Trade in would be much less.
#1146 of 1618 Is this a Decent Deal
Sep 25, 2009 (10:18 am)
I currently have a 2007 Nissan Murano SL Touring Package with NMAC and am looking to get out of my lease before the 2/10 maturity date. I have a dealer that has 2009 SL Tech/Dual Moonroof/Premium Package for 480/month with 3465
down. I currently have 4 months at 465/month left on it. Is this a good deal? Can I do better for all those packages?
#1147 of 1618 Re: Is this a Decent Deal [dakly]
Sep 25, 2009 (12:43 pm)
Do yourself a favor and wait until your lease is up. If you are over the mileage allotment then you might consider. Otherwise -- too much to consider -- you could lose out.
#1148 of 1618 Nissan Incentives to Re-Lease
Sep 27, 2009 (12:45 pm)
I have a Nissan Murano with a lease that matures in December 2009.
Is NMAC offering any incentives to existing lease customers to lease a new Nissan (or Infiniti)? I know that I can turn in the car toward a new lease up to 90 days before maturity, but I was wondering if there are any other incentives. Also, does NMAC waive any fees other than security deposit for re-leases?
Also, are there any fees (other than excessive wear/tear, etc.) assessed by NMAC or the dealer upon turning in a vehicle (regardless of whether or not I am leasing a new vehicle)?
#1149 of 1618 Re: Nissan Incentives to Re-Lease [mgoldstein]
Sep 27, 2009 (2:20 pm)
One suggestion is to go to the dealer with your questions and get the answers. Then post what you learned so others can comment.
Sep 27, 2009 (6:32 pm)
I'm just reading the thread it seems the deals are not that great these days. My lease on a 2006 Murano SE , touring package and etc. (sticker price with all options was $37,280.00) is up in November of this year. So I am deciding what to do. I paid $1,000.00 down out of pocket, nothing more, that includes registration and all fees included. $388 per month for 42 months. 12k per year. That seems like a lot better deal then what I am seeing now. I have 41 k miles on it now so should make it. Can anyone tell me if the buy out price can be negotiated?
#1151 of 1618 Re: Big figures [boston76]
Sep 28, 2009 (4:20 am)
You are correct that the deals are not as good, but in reality, it is 3+ years later and remarkably the MSRP on the Muranos are virtually the same, or less. I am looking at an SL-AWD 360 and both the MSRP and sales price are lower than those on my 2006 SL-AWD.
The big difference seems to be the money factor. In 2006 I got 0.00042 (1.1%). Today, the best I can get is 0.00164 (3.94%). My residual today is slightly higher (53% vs. 50% in 2006); but that does not change the pricing that much.
There seems to be a real shortage of Muranos on the lots these days. That may also be affecting the prices.
As for negotiating the residual/buyout price, I don't think that can be done, neither at the time of leasing nor at the time of lease maturity. I have leased several times and never had any luck.