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
#1178 of 1618 Re: October rates? [daz499]
Oct 12, 2009 (2:20 am)
Hi daz499. I've seen the info that you're looking for, but this vehicle's lease program varies by term, mileage allowance, and trim level. You never mentioned what any of these variables are, so I'm going to have to make some assumptions. Let me know if you want something different.
Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2009 Nissan Murano S AWD with 15,000 miles per year are .00164 and 54%, respectively.
Prices Paid: Buying & Leasing Experiences Forum
#1179 of 1618 Quoted Lease doesn't add up.
Oct 12, 2009 (5:28 pm)
Just got this quote from a dealer on an 09 Murano S AWD.
Sale Price: 29000
Trade Allowance: 7700 (06 Dodge Grand Caravan, 63K miles)
Balance owed: 8357
Taxes of $1253
Down Payment: $1000 (out of pocket)
1st month payment due at signing
Dealer quoted money factor of .00164 and 16707 residual (same as car man quoted). His lease price for 39 months was quoted at $414.35
When I run these exact numbers through the lease calculator here at edmunds it gives me a payment of $370.75. A difference of $43.60 monthly or $1700 over the 39 months. Any explination or is he giving me a marked up deal somewhere? How do you present this to the dealr in a "tactful" way.
#1180 of 1618 Re: October rates? [Car_man]
Oct 12, 2009 (6:25 pm)
I'm actually looking for the rates of an 09 Murano SL AWD 39 month lease, 12k miles a year.
Also you know how much total cash back is available? I know there is $750 but another dealer said Nissan came out with an additional $1250 over the weekend? This is for the northeast region, NY.
#1181 of 1618 Re: Quoted Lease doesn't add up. [wnuk]
Oct 13, 2009 (6:47 am)
Take your calculator and numbers to the dealer and sit down with the rep and do the lease. Then you can see why the numbers don't match. Easy.
#1182 of 1618 2009 Murano "S" lease deal
Oct 15, 2009 (11:43 am)
Update: Went back to the dealer with my calculations. The salesman looked confused at first so I sat with the finance manager to review their quote and my calculations. Their initital offer was $1000 down, my trade and a payment of $414.35 (see my last post for specifics).
After going over my numbers (finance manager offering no explination as to why they were different to begin with) he relented to $1000 down, my trade, and $377 per month. A difference of $37.35 per month or $1456.65 over the 39 month lease.
This is a 2009 Murano S with convenience package.
Selling Price: $19243 (This breaks down to $28493 selling price minus $8000 for trade minus $1250 in rebates.)
Residual is $16708 and Money Factor is .00164
Add back in the buyout on my trade ($8357, net loss of $357 on trade) and $1000 due at signing. Nissan is charging a $595 origination fee for the lease which is included in the lease payment. All taxes and fees are included in the $377 payment also.
I did not commit to the deal yet but I think it is very good. I'm trying to decide between the Murano and a Traverse LT1. Two different vehicles, I know. Best lease deal on the Traverse so far is $443 with $1800 down for 39 months or $425 for 48 months.
Hope this helps some of you. The value of doing the research and calculating the payment yourself is well worth the time to learn how to do.
#1183 of 1618 Re: 2009 Murano "S" lease deal [wnuk]
Oct 15, 2009 (12:38 pm)
Most everyone who knows leasing would tell you to take the 8k trade as a cash check from the dealer and put it in the bank. Use it to supplement your higher monthly payments. This way you have no equity in the lease should the vehicle be totaled. If not -- make sure you have gap insurance to cover what you put down. I think nissan includes it in their leases.
#1184 of 1618 Re: 2009 Murano "S" lease deal [jayrider]
Oct 15, 2009 (2:50 pm)
jayrider-you may have misunderstood. I still have a loan balance on my trade of $8357. I couldn't do what you suggested, thought I fully understood what you were getting at.
#1185 of 1618 Re: 2009 Murano "S" lease deal [wnuk]
Oct 15, 2009 (2:57 pm)
Ok --- understood.
#1187 of 1618 disposition fee
Oct 18, 2009 (5:31 am)
I signed a deal last night and didn't notice the dealer stuck in a $395 disposition fee. When I went back they were closed. I haven't picked up the murano yet. Can I get them to take it off before delivery?
By the way my deal was:
2009 Murano sl awd, leather premium, 360 package.
3k at signing, $399 per month 39 months tax incl in NJ
deal wasn't as good as my 06 with the money factor being the difference. Best was .00164