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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 39 of 161

#375 of 1597 Re: Is this lease a good deal? [pidoublet] by Car_man HOST

Feb 13, 2007 (4:21 am)

Replying to: pidoublet (Jan 23, 2007 11:26 am)
Thanks for the additional information, pidoublet. OK, so you're interested in leasing a 2006 Nissan Murano SE that has an MSRP of $39,750 and a selling price of $34,279. This truck has a spread of around $2,400 between its full MSRP and its dealer invoice price. Add the $500 lease cash that is currently available on it to that and you have a total of around $2,900 to play with. You were quoted a discount of $5,400 on this truck. If you can actually get one for that low a price, you are getting an outstanding deal. Just make sure that the dealer you are working with uses Nissan's 39 month current buy rate lease money factor of .00023 to calculate your lease payment and you're in business.
 
Car_man
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#376 of 1597 Re: get out of lease [letterx] by Car_man HOST

Feb 13, 2007 (4:22 am)

Replying to: letterx (Jan 23, 2007 12:26 pm)
Greetings Larry. 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 Murano 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". Some very knowledgeable community members frequent that discussion and they are often kind enough to give others their opinion on vehicles' 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
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#377 of 1597 Re: lease in nj [rpdrpd] by Car_man HOST

Feb 13, 2007 (4:32 am)

Replying to: rpdrpd (Jan 25, 2007 12:38 pm)
You're very welcome, rpdrpd. Let me know if you have any questions about this truck's February programs.
 
Car_man
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#378 of 1597 Re: lease advise [emc17] by Car_man HOST

Feb 13, 2007 (4:57 am)

Replying to: emc17 (Jan 31, 2007 6:02 pm)
Hi emc17. The Nissan dealer that you are working with cannot make your Highlander's six remaining payments magically disappear. They only way they can get you out of your current lease early is to purchase your leased vehicle from the bank that you are leasing it through or make your remaining lease payments. Either way, it is likely going to cost money to break your lease now. This money is going to cut into your ability to get a good deal on your new Murano. You will likely be much better off waiting until you are closer to the scheduled end of your current lease to get something new.
 
Car_man
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#379 of 1597 Re: Questions about a Murano Lease [langcid] by Car_man HOST

Feb 13, 2007 (6:00 am)

Replying to: langcid (Feb 02, 2007 11:28 am)
Greetings langcid. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
I see that you are considering trading in your current vehicle when you lease your new one. There's nothing wrong with doing so, but it would be in your best interest to have the dealer that you are working with cut you a check for any equity that you have in your trade rather than using the proceeds from it as a down payment for your lease.
 
I would be happy to give you my opinion of this deal, but in order for me to do so it would be a big help if you would provide me with this Murano's selling price first. This is a very important number for you as a consumer to know anyhow because the selling prices of leased vehicles are negotiable. Let me know and I'll tell you what I think.
 
Car_man
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#380 of 1597 Re: lease in nj [Car_man] by rpdrpd

Feb 13, 2007 (8:10 am)

Replying to: Car_man (Feb 13, 2007 4:32 am)
Yes Car_man, I am very interested in hearing about the February particulars on the Murano. Thanks.

#381 of 1597 Lease advice from the car man by hertz555

Feb 13, 2007 (2:47 pm)

I just got this quote from a local dealer here in Houston. This is cut and pasted right from their email...
 
HI......HERE'S THE INFO YOU REQUESTED....
  
07 MURANO SL WITH :
LEATHER/SUNROOF PKG
CARGO PROTECTOR
ROOF RAIL CROSSBARS
SPLASH GUARDS
SUNROOF WIND DEFLECTOR
  
MSRP...................................34080
INVOICE/SALES PRICE....................31117
  
15K MILES PER YEAR
  
MONEY FACTOR WITH NO SECURITY DEPOSIT .00067
  
WITH ZERO MONEY OUT OF POCKET
  
PMT IS 458 FOR 38 MONTHS
  
IF YOU WANT TO PAY THE UP FRONT FEES.....
  
600 OUT OF POCKET....
  
PMT IS 444 FOR 38 MONTHS
  
WE HAVE MANY COLORS IN STOCK....
  
LET ME KNOW IF I CAN DO ANYTHING ELSE...
 
Seems good but I believe the money factor is too high, please let me know what you think! I would be willing to pay the security deposit if it would reduce the money factor.
Thanks

#382 of 1597 Re: Feb deals [rpdrpd] by Car_man HOST

Feb 14, 2007 (3:28 am)

Replying to: rpdrpd (Feb 03, 2007 12:41 pm)
Hi rpdrpd. Unfortunately, what the dealer you are working with told you is correct. The $1,000 customer cash that is currently available on the Nissan Murano is not compatible with its special lease program. NMAC's current 39 month, 15,000 mile per year buy rate lease money factor and residual value for the 2007 Murano SL AWD are .00052 and 50%, respectively.
 
Car_man
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Prices Paid Forum

#383 of 1597 Re: New member, looking for a new Murano [kenziezach] by Car_man HOST

Feb 14, 2007 (3:42 am)

Replying to: kenziezach (Feb 06, 2007 7:48 pm)
Welcome kenziezach. I would be happy to give you an idea of what sort of lease payment you can expect to pay on the Murano that you want. In order for me to do so I need some information from your first. This info includes the MSRP and approximate selling price of the exact Murano that you want as well as how long you want to lease it for and how many miles per year you need to be able to drive it. You can find this truck's MSRP by visiting the New Vehicle Pricing section of Edmunds.com. You should be able to get a good idea of how much you should pay for it by visiting the following discussion: "Nissan Murano: Prices Paid & Buying Experience". Let me know what these numbers are and I'll work up a sample lease payment for you.
 
Car_man
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Prices Paid Forum

#384 of 1597 Re: Lease advice from the car man [hertz555] by Car_man HOST

Feb 14, 2007 (3:53 am)

Replying to: hertz555 (Feb 13, 2007 2:47 pm)
Hi hertz555. As you suspected, the reason why the money factor for this deal is slightly higher than the lowest possible factor for this truck is that this deal includes a waived security deposit. On vehicles that it is not running a special security deposit waiver program on, NMAC increases the money factors of vehicles with waived deposits by .00015. If you pay one on this deal, the money factor that is used to calculate your monthly payment should drop to .00052.
 
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Messages Page 39 of 161

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