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You are in the Prices Paid - Buying & Leasing Experiences
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Nissan Murano, Car Leasing, SUV
#683 of 1618 Re: Lease Question [rich82976]
Mar 12, 2008 (1:23 am)
Hi rich82976. You never mentioned what this truck's selling price is, so let's work up what I would consider to be a good lease and compare it to what you are paying. A base 2007 Nissan Murano S AWD has a spread of around $2,300 between its full MSRP and its dealer invoice price. Plus Nissan is providing $2,800 lease cash on it right now. Let's assume a $2,500 discount for this exercise. According to my calculations, if you were to lease a 2007 Nissan Murano S AWD that has an MSRP of $30,500 and a selling price of through Nissan Motor Acceptance Corp. right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $378. Once sales tax is added in, this is pretty close to what you are paying. The problem is that this is a zero down lease. Is the $2,000 that you paid entirely a capitalized cost reduction or is that how much was due at lease signing. If it is the amount that you paid at signing, this is a pretty good deal because it includes your vehicle's first month's payment, NMAC's $595 acquisition fee, and a security deposit.
Prices Paid: Buying & Leasing Experiences Forum
#684 of 1618 Re: 2009 MURANO Lease [mikefurm]
Mar 12, 2008 (1:47 am)
Hey Mike. $250 over dealer invoice is an excellent selling price for a 2009 Nissan Murano. I am surprised that you were offered such a low money factor on this model. Nissan Motor Acceptance Corp.'s current buy rate for it is .00260, which is obviously much higher than the .00112 that you mentioned. I wonder if the dealer is running your lease through an independent bank. One wouldn't think that an independent bank would step up to the plate with such a low money factor though. Editor's note , I see that you mentioned that this deal is through an independent bank. Impressive money factor. The negotiable aspects of this deal, the selling price and money factor, look great to me. I would be happy to double check the monthly payment that you were quoted, but you never mentioned what this vehicle's MSRP is. I need it to do the calculations. Given how unusually low this money factor is, I am not surprised that the acquisition fee is about $500 higher than normal.
Prices Paid: Buying & Leasing Experiences Forum
#685 of 1618 Nissan Murano 2004 Lease Question
Mar 12, 2008 (3:36 pm)
I am new here and looking for information. I have a 2004 Murano that I am turning in at the end of a lease in September. The care is in very good shape has new tires and will be at least 15,000 miles under allotment in September. I was just looking over my lease and there is a $395.00 penalty if I do not buy the car when I turn it in. Does turning it in with 15,000 miles left on my allotment give me any negotiating power in getting that fee waived or should I go across the country in it a few times? Foolish me for not noticing that penalty when I signed but it was never mentioned...of course. That fee makes me so angry I feel like jacking the car up and letting it run even though the fuel would be more than the penalty. Thank you in advance for any suggestions or help.
#686 of 1618 Re: Nissan Murano 2004 Lease Question [aflind]
Mar 12, 2008 (7:25 pm)
I have never heard of a lease that charges you if you do not purchase the car, are you sure its not a pently for early termination ? Also if you are going to be UNDER miles by 15K, then you have a car that is worth more then the resutal I would check to see what the Kelly BLue Book is, you well be able to use the 04 as a trade in and not have anything out of pocket..
#687 of 1618 2009 MURANO SL Lease
Mar 13, 2008 (6:14 pm)
Dear Car Man:
In addition to my Posts # 660 & # 684 here is the info you have requested
to check the dealer`s lease calculations:
MSRP with mentioned in Post # 660 options - $33260.00 (according to windshield sticker). And the name of the bank offering this lease program is US Bank.
Thanks, I`ll look forward to your result.
Mar 21, 2008 (8:16 pm)
Dear car man
Just leased a 09 murano after my 05 lease was up and I this deal was for an SL with Prem. Package with no money down for 448 a month including T & T. went to several dealerships and this seamed like the best deal. Looks like US Bank helped this deal to happen. What do you think? thanks
#689 of 1618 2009 Nissan Murano SL FWD Lease
Mar 23, 2008 (7:16 am)
Hi Car_Man - Was wondering if I got a decent lease price on this vehicle.
2009 SL FWD
Dual Panel Moonroof
Agreed Upon Price of Vehicle 33,761.36
Amount Due At Lease Signing 1500.00
39 Months $558.58 which is 522.04 plus 36.54 tax = 558.58
capitalized cost reduction 671.26
gross capitalized cost 35,055.36
The dealer quoted me thru Huntington vs. Nissan - said they are getting better lease deals thru them.
Would appreciate your input. And also trying to figure out how much I got it for in relation to invoice. Thank You
#690 of 1618 you already bought it
Mar 23, 2008 (8:02 am)
You've already bought it, what does it matter now whether you got a "good deal" or not? If you wanted to know if you were getting a good deal you would have done some research before buying it.
And no, you didn't get a good deal. While you got the car for only $800 above invoice it sounds like you got the lease with an extremely low residual and/or a not so great money factor. Additionally you cap reduced this lease by another $700. You should not be putting any money down on a lease beyond 1st month lease payment and acquisition charge, if required by the leasing bank.
$500+ a month lease payment should be on a $40K luxury vehicle, not on a $33K Nissan.
#691 of 1618 Re: 2009 Nissan Murano SL FWD Lease [lovemymurano]
Mar 23, 2008 (9:00 am)
I too have been considering leasing the '09 Murano but I have been toatlly turned off by the lack of reasonable deals out there. I have now turned my sights on the Infiniti EX35 or FX35. With Infiniti the money factors are excellent as are the residuals and there is more negotiating room on price. More car for less money.
#692 of 1618 Re: 2009 Nissan Murano SL FWD Lease [socallimey]
Mar 23, 2008 (9:29 am)
Regarding the lack of Nissan deals on the 09 Murano, why would they, they are selling every since one of them.
Regarding the EX, yes Nissan (opps Infiniti) has deals on them because they aren't selling as well. A fully loaded Murano is less then a EX, its bigger, and rides betters. the FX get a redo in 09....