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
#651 of 1618 I think I got ripped off...
Feb 03, 2008 (11:55 am)
...I wish I would've found this forum before I leased the car. Now I think I want to get rid of it.
I leased it on Sep 1, 2007.
Silver 2007 Nissan Murano SL AWD, leather, sunroof, bose.
(Agreed upon value of the vehicle) is this the MSRP?: $35,550
Selling price: $33,311
Title/Req/Aquisition fee: $611.25
Total Gross Capitalized Cost: $36,543
Down payment: $3,500 (includes first month payment).
Residual Value/Purchase Option at end of lease: $16,764 (is this good?)
Vehicle had 4,984 miles on it at purchase (they used it as the test driving murano).
Lease terms: 42 months
Monthly payment: $449.46 (includes sales tax)
Free maintance is included in the deal.
Thanks for any input.
#652 of 1618 Re: I think I got ripped off... [skoobydoo]
Feb 06, 2008 (5:50 am)
The previous question is for car man. Thanks dude!
#653 of 1618 Re: I think I got ripped off... [skoobydoo]
Feb 06, 2008 (5:24 pm)
I would not have leased for any more than 36 months. most car warranties are 3 yrs or 36,000. If you keep the car for 42 months you will be without factory warranty for one year and if something goes wrong with the car then you have to fix it and likely buy it at lease end so you dont loose your shirt. Just my opinion.
#654 of 1618 latest MF/Residuals
Feb 08, 2008 (10:56 am)
I'm interested in leasing my wife an '09 Murano LE AWD, 36 months, 36,000 mile lease.
The dealer had told me that residual value for this lease would be 59% but I'm skeptical, they did not tell me what the MF would be through Nissan financing.
I get VPP pricing so the cap cost on the vehicle would be close to invoice. Invoice on the base LE + moonroof option would be about $34,000 with an MSRP of about $37,000.
What are the MF and residual for this lease from Nissan? My wife's current lease is not up until May, so hopefully some improved promotions become available from Nissan financing.
#655 of 1618 2009 SL/FWD Lease Quote
Feb 08, 2008 (7:48 pm)
I received the following quote
SL/FWD/Prem Package/Leather Pkg/Tech Pkg/Moonroof/splash guards/floor mats/cargo net/roof rail cross bars/ Platinum Graphite w/Black int
MSRP $34825 Selling price $32169
24 month lease with $5K down
Lease payment = $480.23 including tax
36 month lease with $5K down
Lease Payment = $484.70 including tax
I would appreciate any feedback on these quotes.
#656 of 1618 as others have said
Feb 09, 2008 (11:40 am)
Lease payments on the Murano appear to high right now. You could lease an entry level MDX for under $600 a month with no money down. You should never put money down on a lease as all you are doing is making payments in advance and if the car was totalled or stolen you would never get that down payment back from insurance.
Hopefully this spring and summer inventory will start to build and we will see Nissan offer some more attractive lease deals on the '09 MO.
#657 of 1618 To: CarMan (regarding the '09 SL)
Feb 25, 2008 (6:51 pm)
What should the residual and money factor be on an '09 SL with only the Leather Pkg and moonroof as options? Thanks for your response!
#658 of 1618 Re: as others have said [jmpage2]
Feb 26, 2008 (11:32 am)
For every $1000 you put down or don't put down on a lease, adjusts the payment about $30 a month. The 2009 Murano is a premium SUV, has the VQ Engine, which "is" one of the Top 10 best engines in the world, and now officially the safest SUV getting TOP PICK for safety by the IIHS. I think paying taxes up front is a great idea. The best lease deals on this are at 39 months.
You can do a lease with Nissan from 12,000 to 25,000 miles PER YEAR!! The difference from 12 to 15 is only $11 or so.
#659 of 1618 Re: as others have said [09muranosales]
Feb 26, 2008 (9:43 pm)
Since all you do on here day in and day out is push the Murano (astro turfing) let's talk shop a bit, shall we? The residual on the '07 Murano at this time during the model introduction was about 55% and money factor was similar (or better) to what it is now even though interest rates have fallen.
Putting money down on a lease is STUPID. You are effectively making "payments in advance" to try to get a lower monthly payment. You will never see this money again if the car is lost or totalled. Only suckers look at their monthly payment number when making a car buying decision.
You can look at leasing two ways. It lets people drive a car they can't really afford, or it lets people who CAN afford to buy the car but would choose to do other things with their money, drive a nice car every few years. Every sales person that I run into insists leasing is a great deal because it makes THEM more money as that customer will be back again and again to lease new vehicles.... assuming they don't go over mileage cap and end up owing too much at lease end that they have to purchase the car outright.
If Nissan wants to move more Muranos they will bump the residual on all models to 55% or better and they will drop their money factor to .0002. This would allow for lease payments on Muranos of $400-$500 per month with no money down, depending on model and negotiated cap cost.
If Subaru can do a .00175 residual and 56% residual on an Outback and Acura can do a 57% residual and .002 money factor on an MDX, then Nissan can do better than 50% residual and .00285 money factor if they want these cars to sell.
#660 of 1618 2009 MURANO Lease
Feb 27, 2008 (8:28 pm)
Desperatly need your opinion and advice.
I have been offered a lease for 2009 MURANO SL AWD with following options:
Premium Package, Leather package plus small stuff like Roof Rack, Splash guards, Floor mats for $30856, which is $350 over invoice. Seems like not a bad price, so I desided to lease, given, as the dealer offered: 36 mo., 12 K,
Interest rate of 2.68%, which makes MF=0.00112 and Res. value - 53%.
(Finansial Manager said this lease program was just offered by UBS bank).
After crunching the numbers the result was: $513/mo (I`m rounding to the nearest $) with &2864 out of pocket (includes: 1st Paym., $108-Title & Registr., $1095-Bank Aquis. Fee and $1148-Down Payment). I think, that is all info I have.
It seems to me the montly payment is awful hi, because when I tried to calculate
using Edmunds Lease Payment Calculator it gave me $422/mo; and with $0.00
Down Paym. - $457/mo ($1660 out of pocket). All taxes and interest included in
Why is there such a big difference, who is right?
Why is Bank fee so unusually hi?
This dealership is located in Queens , NY.
I`m also trading in my 2004 MURANO SL AWD, 44.5K miles, with all options, except NAV., in good condition - for $15400.
Thanks in advance; All opinions and suggestions are welcome