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Nissan Murano Lease Questions

785 messages,  Last post on Aug 26, 2008 at 8:10 PM

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

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#516 of 785 Murano SL - Numbers from Beg. of July by aepheme Jul 02, 2007 (6:58 pm)
I stopped by the Nissan dealership near me in Saginaw, MI today. They had two Nissan Murano SL's (Silver and Black), both equally equipped (Touring Package and Misc...).   Here's the price breakdown with vPP Pricing (their employee purchase plan).   MSRP: $37,650 CapCost: $34,345 Term/Contract: 24 months / 15,000 miles / 0 down   Residual Value: 59.00% Money Factor: 0.00016 (or 0.384% APR)   Acq. Fee: $595 Doc. Fee: $180 License: $15   Monthly Payment: $571.77   The math:   1. Depreciation: [($34,345 + $595) - ($37,650 * 0.59)] / 24 1a. Depreciation: $530.27 2. Taxes: [($34,345 + $595) - ($37,650 * 0.59)] * 0.06 / 24 2a. Taxes: $30.70 3. Interest: [ $34,345 + $595 + $30.70 * 24 ] * .00384 / 24 3a. Interest: $5.71   Total = $530.27 + $30.70 + $5.71 = $566.68   It's pretty close to the number they gave me. There's a little bit of error there (possibly from rounding and compounding). The fees here seem pretty low compared to some of the others quoted here! Hope that's realistic.   We'll have to see what new incentive packages they role out this coming month... Replies to this message: aepheme (Jul 02, 2007 7:13 pm)
#517 of 785 Re: Murano SL - Numbers from Beg. of July [aepheme] by aepheme Jul 02, 2007 (7:13 pm)
Replying to: aepheme (Jul 02, 2007 6:58 pm) To elaborate on the specs of that car:   2007 Nissan Murano SL AWD w/ 1. Touring Package 2. Dynamic Control System 3. Roof Rail Crossbars 4. Splash Guards 5. Carpeted Floor Mats 6. Sunroof Wind Deflector 7. Cargo Area Protector   MSRP = $37,650 Invoice = $34,345   So, the employee program is exactly at invoice. Technically, the program takes off -2.87%, but then adds back in +2.50%... so it almost breaks even. Strange. Full details are here:   http://www.insidenissan.com/vpp/vendor/offer.html
#518 of 785 July Incentives $1500 rebate? by ddw13 Jul 04, 2007 (7:46 am)
Has anyone heard of the July incentives yet? carsdirect.com states a $1500 rebate till 7/31.   Also, does anyone know if you can get the manufacturer rebate AND use Nissan to LEASE the car? I was at a dealer yesterday that said the rebate only applied to purchases and that it was already factored into the money factor and residual for the lease. So you cant use both. I was quoted .49 residual and .00036 money factor for a 39 month 12K mile lease on a AWD SL. Replies to this message: Car_man (Jul 05, 2007 3:06 am)
#519 of 785 Re: Money Factor but down [espo1] by Car_man HOST Jul 05, 2007 (2:45 am)
Replying to: espo1 (Jun 26, 2007 1:43 pm) Hi espo1. BMW Financial Services definitely still has a multiple security deposit program. I suspect that Lexus Financial Services still has one as well, but I am not 100% positive that is the case.   Car_man Host Prices Paid Forum Replies to this message: espo1 (Jul 11, 2007 6:48 pm) Car_man (Aug 02, 2007 3:23 am) espo1 (Aug 10, 2007 10:38 am)
#520 of 785 Re: Leasing SL Murano in NY [forman350] by Car_man HOST Jul 05, 2007 (2:51 am)
Replying to: forman350 (Jun 29, 2007 3:37 am) Thanks for the additional information, forman350. You are interested in one that has an MSRP of $36,820 and a selling price of around $33,300 ($32,600 cap cost + $700 cap cost reduction). If I am right, you are essentially getting a $3,500 discount on this vehicle...which is a very good deal. If you haven't finalized your deal yet, make sure that the dealer you are working with uses Nissan Motor Acceptance Corp.'s 36 month buy rate lease money factor of .00016 to calculate your monthly payment and you're in business.   Car_man Host Prices Paid Forum Replies to this message: forman350 (Jul 05, 2007 3:17 am) Car_man (Aug 02, 2007 3:14 am)
#521 of 785 Re: Murano SL w Touring [aznightshade] by Car_man HOST Jul 05, 2007 (3:00 am)
Replying to: aznightshade (Jul 01, 2007 2:24 am) Hi aznightshade. The money factor that was used to calculate your Murano's lease payment is right on the money and a selling price of $200 under invoice is an excellent deal. If you choose not to pay them at lease signing, all of the items that you mentioned would be included in your Murano's capitalized cost. After taking them into account, I come up with a pre-tax monthly payment of around $426. This is a little lower than what you were quoted. Definitely sit down with the dealer and have them explain to you how they arrived at the payment they quoted you. Either than or shop around with another dealer or two in your area to see what sort of lease payment they quote you for a similar vehicle.   Car_man Host Prices Paid Forum
#522 of 785 Re: July Incentives $1500 rebate? [ddw13] by Car_man HOST Jul 05, 2007 (3:06 am)
Replying to: ddw13 (Jul 04, 2007 7:46 am) What you saw is correct, ddw13. Nissan enhanced the $1,000 customer cash incentive that it was providing on the 2007 Murano in June to $1,500 in July. Unfortunately, this customer cash is not compatible with the Murano's special lease program. The money factor that you were quoted is correct for a 39 month lease of a 2007 Murano through NMAC in July.   Car_man Host Prices Paid Forum
#523 of 785 Re: Leasing SL Murano in NY [Car_man] by forman350 Jul 05, 2007 (3:17 am)
Replying to: Car_man (Jul 05, 2007 2:51 am) Thank you Car man. I actually already leased this vehicle with a MSRP of $36,700. (SL AWD w/Touring package) I paid out of pocket 3k, plus dmv fees and $360/month for 39 months and 12k/year. I got a $700 cap cost reduction with a residual of $18,410. the MF was .00024. In my 3k down included all the taxes, bank fee, etc. They picked up the first months payment as well. The lease was through NMAC. How well did I end up doing on this lease deal based on my figures? Replies to this message: Car_man (Aug 02, 2007 3:14 am)
#524 of 785 Re: Leasing SL Murano in NY [lou2007] by forman350 Jul 05, 2007 (3:20 am)
Replying to: lou2007 (Jun 30, 2007 11:46 am) 3k down plus dmv fees. $360/month 39 months, 12k a year.
#525 of 785 Leasing SL Murano by needacarnow Jul 05, 2007 (12:23 pm)
I was quoted $410/month before taxes, $0 down except 1st pmt, for a 39-month lease, 15k/mi/month for an SL AWD w/ the Touring package. Can anyone please tell me if this is a good deal? Are the July dealer incentives better than those in June? Replies to this message: lou2007 (Jul 05, 2007 6:25 pm) needacarnow (Jul 05, 2007 8:46 pm) frog22 (Jul 06, 2007 7:01 pm)

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