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Nissan Murano Lease Questions

1597 messages,  Last post on May 03, 2013 at 5:11 PM

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

Messages Page 137 of 161

#1352 of 1597 Re: End of lease 2007 Murano [sgorden] by whitall

Apr 01, 2010 (6:50 am)

Replying to: sgorden (Mar 31, 2010 7:43 pm)
If you buy it, be careful not to pay any fees. I bought mine (2006 w/ 24k used out of 39k ). My payoff was 19k, which seemed like a good price to pay for the car, and I hadn't used all the miles I paid for in my lease. I felt that returning it with low miles would be advantage to Nissan.
 
I contacted nissan finance. I believe they had already sent me some info. The number is in your payment book. They gave me a payoff # (my contract buyout plus tax) sent me simple paperwork (mileage statement). I sent a check and got the title. NO FEES. I think some dealerships charge turn-in fees. Then they try to sell you another lease while you're there.
 
 My home equity line of credit was cheapest most flexible way to pay it off. We pay at least what the lease payment was, often more, so it will be paid off sooner. I look at it as buying in reverse, with the down payment at the end. At least I'll have equity left in 3 years, and a car to sell or drive for a while w/ no payments. Can't lease 4ever.....well, some can, not me.
 
I used nissanwarrantystore.com and got a good deal (several hundred less than dealer) on the exact same nissan gold preferred warranty as when you buy new. You can still buy it until the end of your factory warranty. They are Nissan of Santa Rosa, a dealer in CA who sell warranties online (or by phone). My dealer couldn't/wouldn't match it. Tried to sell me the used care version. I called other dealers and confirmed I was eligible for the new car version, then bought it online.
 
Of course, one month later they extended the transmission warranty, removing one reason I had bought the extended! I still feel better having it. Car will 4 in July. No problems yet! Good luck!

#1353 of 1597 Re: End of lease 2007 Murano [sgorden] by dohmai

Apr 01, 2010 (7:02 am)

Replying to: sgorden (Mar 31, 2010 7:43 pm)
i'm in almost the identical situation.. 07 murano, 30k miles, lease ends in june.. buyout is about 18800.
 
like a lot of people in the situation, i also feel like buying it is the best option, esp. since i'm under my mileage by quite a bit.. and the value of the car is higher than the buyout at this point
 
one thing others have suggested to me is to take your murano to a nearby carmax dealership and have them appraise it.. you don't have to commit to selling it to them, but at least you have another sense of the worth or your car
 
i'm hoping to do that in the coming weeks when i have a free weekend.. will post on that experience!

#1354 of 1597 Re: End of lease 2007 Murano [dohmai] by johnzee

Apr 01, 2010 (8:21 am)

Replying to: dohmai (Apr 01, 2010 7:02 am)
I brought my car to carmax two days ago and they only offered $18K for a loaded SL Murano w/ touring pkg. As I mentioned in my prior post, the current payoff is $20K. Trade-in value is even more than what my current payoff is. Carmax is a rip-off. Cars like mine are selling $24K or more.
 
To Whitall:
"I contacted nissan finance. I believe they had already sent me some info. The number is in your payment book. They gave me a payoff # (my contract buyout plus tax) sent me simple paperwork (mileage statement). I sent a check and got the title. NO FEES. I think some dealerships charge turn-in fees. Then they try to sell you another lease while you're there. "
 
I wonder how that works.
I talked to Nissan Finance about sending them a check for the payoff # + tax, but they said they couldn't do that, they still wanted me to go to the dealer. I called a Nissan Dealer and they said the same thing. Plus in addition to that, dealer will charge "dealer fees". Another rip-off.
 
My plan was to sell this car private party and in order to do that, I need to buy the car first. But if there's too much hassle, I may need to just return the end of the lease term.
 
Read this article: http://www.edmunds.com/advice/strategies/articles/48244/article.html
 
Does anyone have experience on dealing with this before? Prior my Murano, I leased a car with US Bank as the lessor. We never need to go to the dealer to purchase the car. Why is it different with Nissan Finance?
 
Thank you.

#1355 of 1597 Re: End of lease 2007 Murano [johnzee] by whitall

Apr 02, 2010 (10:32 am)

Replying to: johnzee (Apr 01, 2010 8:21 am)
I did not go to the dealer, never even called them. I handled mine right in the last month though, are you calling to get out early? It shouldn't matter though...My loan was with NMAC, my payments went to Pittsburgh. I got monthly statements in the mail and I don't know what number I called, but on my bill it has 1-800-777-7018 for customer relations. When I sent the payment it went to Nissan-Infiniti Services Co , PO Box 660360, Dallas, TX 75266-0360.
 
Apparently they were the official "owners" of the vehicle, That is the address my title and bill of sale came from.
 
I leased July 2006 in NJ and it was up in Oct '09. Maybe something is different with your lease? Maybe it is too soon. Maybe they are trying now to make people go to dealerships so they buy more Nissan?? But I'm sure they are happy to sell the off lease ones too....
 
Have you started to get letters telling you to check your car for damages, schedule inspection etc? I got those starting about 3 months before the end. One of them had a number to call if you wanted to buy it out. If you didn't get the letters yet maybe it is too early.
 
Good luck!

#1356 of 1597 April #s by buffalo78

Apr 08, 2010 (11:47 am)

Was wondering if anyone knew the MF and Residual for a SL AWD for 39 months and 15,000 miles per year. Also does anyone know of any additional rebates besides the $500 advertised on Nissan's site. Thank you!

#1357 of 1597 lease on 2010 Nissan Murano SL - is this a good deal? by brazilian28

Apr 10, 2010 (8:51 pm)

Car Man,
You seem to know the market for lease deals. I would appreciate it if you can review my specs and let me know if this is a good deal or not. Thanks in advance. Here are the specs:
- Murano SL 2WD with Premium Package and Leather Package plus after market bluetooth kit ($395)
- MSRP $33,310
- Dealer incentive of $1,250
- 39 months, 12K/yr
- $3K down
- monthly payment of $455 incl. taxes
 
The lease factor details:
- MF: .0221
- Residual: 53%
 
Thanks again for any perspective you can provide here.

#1358 of 1597 was this fair? by sgorden

Apr 11, 2010 (6:29 am)

so I went to the dealer trying to trade my 07 murano in. I have 29K miles - lease is up in June .. car is a sL awd , leather, keyless sunroof, in excellent condition... guy at nissan said my car was as clean as the new one I test drove. I test drove 2010, sL fwd leather, moonroof - no tech package. THey appraised my car - told me I had equity. THey finally told me that they appraised mine at 21,500. My payoff is 19 something. THey would not use the equity in my car to lower the downpayment on the 2010... is that fair? Then they started telling me that I was quoted the wrong price on the 2010 car - that I was quoted a base price, not the sL. He showed me the lease book, which showed 2999 down and 349 a month.. whichi would have been okay with me if they lowered the downpayment. he kept telling me that the awd was worth less than the fwd -- which I didn't understand. i ended up leaving. THis was victory nissan in chesapeake va. at this point I've pretty much decided to keep my car and pay it off -- it really is in exc condition and doesn't get used much. But I also would have been happy to trade for the 2010. Any thoughts on how to do that? I'm also waiting to see w hat lease deals may be avaialble in april. bought my car originally with 2999 down and lease payment of 413 a month.

#1359 of 1597 was this fair? by sgorden

Apr 11, 2010 (6:28 am)

so I went to the dealer trying to trade my 07 murano in. I have 29K miles - lease is up in June .. car is a sL awd , leather, keyless sunroof, in excellent condition... guy at nissan said my car was as clean as the new one I test drove. I test drove 2010, sL fwd leather, moonroof - no tech package. THey appraised my car - told me I had equity. THey finally told me that they appraised mine at 21,500. My payoff is 19 something. THey would not use the equity in my car to lower the downpayment on the 2010... is that fair? Then they started telling me that I was quoted the wrong price on the 2010 car - that I was quoted a base price, not the sL. He showed me the lease book, which showed 2999 down and 349 a month.. whichi would have been okay with me if they lowered the downpayment. he kept telling me that the awd was worth less than the fwd -- which I didn't understand. i ended up leaving. THis was victory nissan in chesapeake va. at this point I've pretty much decided to keep my car and pay it off -- it really is in exc condition and doesn't get used much. But I also would have been happy to trade for the 2010. Any thoughts on how to do that?

#1360 of 1597 Re: was this fair? [sgorden] by jayrider

Apr 11, 2010 (7:55 am)

Replying to: sgorden (Apr 11, 2010 6:28 am)
If they appraised your car at 2k over buyout, have them cut you a check for the difference. You can get that trade in equity from any dealer any car. Shop other brands. I'd look at the mazda5, hyundai tuscon and sante fe.

#1361 of 1597 Is this a good deal ? by piper5ul

Apr 16, 2010 (7:13 pm)

2010 AWD SL, tech/ leather / moonroof/ nav
MSRP ~40.5k
Negotiated 36k
Some nissan cash + 750
Admin + 240
Nissan Discount -1000
 
Final price = 35,990
 
Down $1500 (covers tax + 1st payment etc etc), Lease for 39 months, 15k miles
= 538/month
 
Without the 1500 down payment, Lease for 39 months, 15k miles
= 567/month
 
Residual is ~$21900
 
What should I be aiming for? I want to get the number to around 475 with 1500 down. Is that do-able?
 
Thanks.

Messages Page 137 of 161

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