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Nissan Murano, Car Leasing, SUV
#266 of 1597 Is this lease offer any good?
Oct 18, 2006 (6:43 pm)
Hi Car man,
I was hoping you could tell me if this seems like a reasonable lease offer. This is what the dealer e-mailed me:
2006 Nissan Murano SL FWD in Super Black with Charcoal leather interior
-cargo area protector
-SL leather / sunroof package
List Price $33,595, your SALE PRICE $30,147.
39 month lease, 12,000 miles per year, $721.35 total due at lease inception and your payment is $375.04 plus tax. The residual at the end of the lease is $17,133.45.
He did not give me the Money Factor, but according to www.tcalc.com the interest rate is 2.078% if I worked that out correctly. Not sure how that translates into the Money Factor.
So is this a good deal? This would be my first lease, but it seems pretty decent. Thanks for your input.
#267 of 1597 Re: Good deal or not really?? [clueless_girl]
by Car_man HOST
Oct 19, 2006 (3:39 am)
Hi clueless. The lease money factor that you were quoted for the Murano that you are interested in is right in line with Nissan's current lease program for it. This is always a good sign. I would be happy to give you my opinion on this deal, but it would be a big help if you were able to provide me with this truck's selling price first. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If you tell me what this vehicle's selling price is, I can tell you if it is attractive and can use it to calculate what your monthly payment should be to double check what you were quoted.
Prices Paid Forum
#268 of 1597 Re: Leased an SL w/touring package [jamriman]
by Car_man HOST
Oct 19, 2006 (3:44 am)
Jamriman, I am sorry that you did not have a pleasant shopping experience. The dealer really wasn't being sleazy by trying to charge an acquisition fee on your lease. Nissan Motor Acceptance Corp., Nissan's captive finance company, charges an acquisition fee of $550 on every vehicle that it leases. You can either pay this fee at lease signing or add it into your vehicle's capitalized cost. The dealer that you are working with did not have the authority to waive this charge, so they must have just cut the price that they were charging you for your Murano by $500. You can complain to Nissan or the dealership's manager all you want about the fact that you weren't told that there would be an acquisition fee on your lease, but unfortunately I'm not sure that they will care.
Prices Paid Forum
#269 of 1597 Re: Is this lease offer any good? [prh2know]
by Car_man HOST
Oct 19, 2006 (4:59 am)
Greetings prh2know. I believe that the Murano that you described has a spread of around $2,800 between its full MSRP and dealer invoice price. The selling price that you were quoted looks very attractive to me. Using the numbers that you mentioned in your post, an MSRP of $33,595 and a selling price of $30,147, I estimate that this truck's 39 month, 12,000 mile per year zero down, pre-tax monthly payment should be around $361. If the payment that you were quoted includes sales tax, it's probably pretty close to what I came up with and this is a very good deal. In case you are interested, NMAC's buy rate money factor for a 39 month lease of this truck is .00057.
Prices Paid Forum
#270 of 1597 Reasonable Deal?
Oct 21, 2006 (6:17 pm)
Looking to lease a 2006 Murano S.
I have been offered the following:
Sticker Price $28485
Cap cost including $550 acquisition $26475
Monthly pyt $329 for 39 mos 12000 mi per year
nothing down just first months payment of $329 (does not include tax) Dealer says this is the best he can do.
What do you think Mr. Car Man?
I really like the car! Need to know soon my 2004 odyssey lease is expiring.
#271 of 1597 Re: Reasonable Deal? [decentdeal]
Oct 22, 2006 (6:53 am)
Decent deal. That is a base Murano, but its still alot of car for 329+tax. Check out the improvements Nissan made for 2006. Better interior, quieter cabin, improved suspension and 7" color monitor. Even mpg should be an improvement over the odyssey.
#272 of 1597 Is This A Deal
Oct 22, 2006 (8:37 am)
The car is a 2007 Murano SL 4D AWD w/ Touring Pkg. and DVD Entertainment System.
After walking on the orig. numbers approached by Mgr. ofering a one-time coupon from Nissan for $17,000.
Here is the deal...
24 mo. Lease Prophet Scan
Named a "SignatureOne Lease Plan" w no security deposit.
Customer cash/Rebate $17,807.33
Total Cash/Rebate Equity: $17,807.33
Inception Fees: $899.00
Orig. MSRP $38,420.00
MSRP Discounts: $0.00
MSRP Adjustments: $0.00
Adjusted MSRP: $38,420.00
Residual value (62.0%): $23,820.40
Annual Miles: 12,000
Mileage Adj: =1.00% $384.20
Adjusted residual Value: $24,204.60
Assignment Fee: $550.00
No up-front Tax.
One Pay payment: $17,807.33
I never heard of a deal like this. Is it a good legit deal?
After hedging on the deal, I questioned about a monthly lease at these numbers and they offered 39 months $499.00.
Again I hedged and walked and upon leaving the manager lowered the One Pay Payment to $16,746.34.
#273 of 1597 Re: Good deal or not really?? [Car_man]
Oct 22, 2006 (8:25 pm)
Carman, thank you for your responce!
I'm happy to report that I got a car, and that I coudn't have done it without Edmunds.com!!! such an informative site and this forum is one of the best!
ok, so here is what I got:
Murano SL AWD w/touring, splash guards, rails on the roof, sunroof visor. Beatiful silver color with black leather, ahhh, I LOVE IT!!!
The dealers were very pushy, but I was strong, and I stuck to my budget! I spend 6 hours on the dealership yesterday, but it was worth it
I leased it for 39 month, with $1000 down and $379/month payments, 15K miles per year I fought for every freaking penny. The residual value of the car is going to be 18K. They told me that the residual is calculated off the MSRP? Because by the numbers I got, looks like they sold the car for under the invoice price, if I'm wrong, please correct me.
Anyhow, the dealers looked quit unhappy, I think because I'm a young woman, they think that I'm easy to be taken advantage of And i'm actually happy that my hubby didn't come with me, he wouldn't have the patience
anyway, thank you again, and please tell me if I did good?
#274 of 1597 Re: Good deal or not really?? [clueless_girl]
Oct 23, 2006 (9:26 am)
If that includes tax and tags its one of the best deals I've seen in this forum. If not its still a very fair deal.
#275 of 1597 no response
Oct 23, 2006 (9:46 am)
Still waiting to hear if anyone has had a lease deal that i described in message #272.... Not sure if this is a good deal or not????