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Nissan Murano Lease Questions

802 messages,  Last post on Oct 05, 2008 at 8:02 PM

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


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#710 of 802
Re: need some help quick! [greggblue] by dreggman
Apr 01, 2008 (9:41 am)
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Replying to: greggblue (Mar 31, 2008 8:00 am)

Gregg (greggblue),
 
I just started leasing a LOADED 2009 Murano LE AWD with EVERY option - moonroof, navigation, mats, cross rails, cargo protector, tire flaps, etc. We were really upset that you could not get a DVD player and the navigation system or moonroof. Tried to config online - but selecting overhead DVD greys out BOTH moon (makes sense) and navigation (does not make sense!). The dealer said it had something to do with the wiring. So we added the OEM DVD Players (INVISION) to the back of each headrest. Looks even BETTER to be honest than the factory option. So we literally have EVERYTHING in this car. (DVD NOTE: The DVD players were installed by the dealer and look amazing. Nissan considers INVISION DVD to be a NISSAN "dealer port" option. Only the dealer offers this option and they match the factory specs. INVISION items can ONLY be ordered and installed through the dealership. 3rd party companies and consumers CANNOT buy them and do it yourself. For this reason they are not considered aftermarket and convered under the NISSAN manufacturer warranty as well.)
  
We got the LE with the Super Black Exterior with Beige Leather Interior. Looks great in this combination. Dark interior looked good in old model - but we thought beige interior looks better in 09s.
  
Original Sticker was $40,511.00 and DVD Player was $1500.00. Cap Cost Came to $38,200.00. All this in a 42 Month Lease with 12K miles annually - $5,529 down - out of pocket (first payment - the 529-, taxes, titles, tags, etc.) and a Monthly payment of $529.00 I believe the buyout at the end of the lease is $19K and change. For a car with this many options - I believe we got a great deal. I know the DVD Players in the Headrest option was like $1500. I live in Virginia and shopped around at 6 dealers - the best we were offered in VA was $6200 down and $570 a month for the same lease - I took this deal back to the dealer where we originally leased our 04 Murano - Herb Gordon Nissan in MD and they beat it - no games and no hassle - did everything over the phone. I just showed up to pick up my car!! They gave me the model customer experience - twice! They have amazing customer service. I would obivously deal with them again in a hearbeat.
  
By the way - I have also test driven the Acura, Lexus and Infiniti this year. Thought maybe it was time to leave Nissan. My parents have the lexus and i drove it in Florida for two solid weeks prior to test driving the 09 Murano. I can honestly say - money aside - I felt the 09 Murano drove and felt better than ALL OF THEM. Maybe a personal preference. But even if cost was not a factor - I felt the 09 Murano was the best one. It is a truly amazing car. Just did a road trip up to NYC recently and this car was perfect. The bluetooth was awesome for answering calls with no effort, ipod connecter was very cool for listening to our library of tunes and controlling it through the vehicle, the traffic navigation helped us avoid some major tie ups on the beltway, the dvd players were great for keeping the little happy with dora the explorer, the duel moonroofs were great for taking in the views in NYC and overall the roomy seats and great handling made for a wonderful trip!!
  
I HIGHLY recommend this car.
#711 of 802
Stop spamming by jmpage2
Apr 01, 2008 (10:37 am)
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It seems as though you've posted this same message multiple times in this thread as well as other ones, is there some particular reason for that?
 
As already explained you did not get a "good deal" considering the amount of money you had to put down on this lease in addition to the numerous extra expenses incurred to put zero residual options in the car at great out of pocket expense.
#712 of 802
Re: Stop spamming [jmpage2] by gforce11
Apr 01, 2008 (3:47 pm)
Reply

Replying to: jmpage2 (Apr 01, 2008 10:37 am)

Yeah, I agree.That was a pretty crappy lease. 5.5k down? Still paying $529 a month. I guess some folks missed what car man says when he recommends folks to put "little" or no money down. He only says it like a zillion times cuz people some folks are just allergic to reading.
#713 of 802
Re: options [jmpage2] by eyepod
Apr 01, 2008 (5:37 pm)
Reply

Replying to: jmpage2 (Mar 31, 2008 8:30 am)

Navigation makes the residual worse? (I assume you mean less). You'll have to show me data to prove that one.
#714 of 802
Re: options [eyepod] by jmpage2
Apr 01, 2008 (6:49 pm)
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Replying to: eyepod (Apr 01, 2008 5:37 pm)

As a percentage of resale value (residual) yes it does. Obviously the overall residual of the car with nav will be higher since nav added substantially to the sticker price.
 
Here's an example of the actual residuals on the Acura MDX for March, as you can see, residual on the "tech package" which consists primarily of the navi system is lower than the base model.
 
So from what you can see here the vehicle equipped with the tech package (navigation) is worth 2% less of its original price than the base model car after any period of time.
 
2008 Acura MDX – 3/5/08
24 Month – Residual 66% of MSRP – .00197 Base Rate
36 Month – Residual 56% of MSRP – .00197 Base Rate
48 Month – Residual 46% of MSRP – .00220 Base Rate
60 Month – Residual 36% of MSRP – .00230 Base Rate
 
2008 Acura MDX Technology – 3/5/08
24 Month – Residual 64% of MSRP – .00197 Base Rate
36 Month – Residual 54% of MSRP – .00197 Base Rate
48 Month – Residual 44% of MSRP – .00220 Base Rate
60 Month – Residual 35% of MSRP – .00230 Base Rate
#715 of 802
reason by jmpage2
Apr 01, 2008 (6:50 pm)
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There's a good reason for this too. Technology items and NAV in particular don't tend to age as well as the car itself does.
 
Look at a five year old built in car navigation system that cost $3000 and compare it to what you can get in a new $400 pocket GPS and you can see why these types of "tech toys" don't do much for resale value of a vehicle... the technology just ages too quickly compared to how quickly the vehicle itself ages.
#716 of 802
2009 Murano LE Lease by cnjpus
Apr 02, 2008 (5:48 pm)
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Hi everyone, I got the quote on a 2009 Murano LE with double panel moon roof, navigation, splash guard, floor mats and cross bars (MSRP $40,110). Could anyone please confirm whether this is a good deal or I should keep looking for better deals? I did not even negotiate with this dealer but other dealers I talked to said it's hard to beat these numbers. I am located in New York City.
 
- 39 months, 10,000 miles/year
- $1,999 down payment
- $459/month
- $298 documentation
- $750 destination (I don't understand why I have to pay destination again even though it's already included in the $40110 MSRP)
- Sales tax
- Registration fee TBD
- $45 Dealer optional fee for processing application
 
My favorite color is glacier pearl but this dealer only has silver with black leather. Other dealers who have glacier pearl cannot offer better pricing.
 
Any feedback is much appreciated. I am ready to sign the lease this weekend!
#717 of 802
Re: need some help quick! [dreggman] by guch
Apr 05, 2008 (1:21 pm)
Reply

Replying to: dreggman (Apr 01, 2008 9:41 am)

I have a question.
 
Are you a Nissan dealer?
#718 of 802
Re: need some help quick! [dreggman] by greggblue
Apr 05, 2008 (4:33 pm)
Reply

Replying to: dreggman (Apr 01, 2008 9:41 am)

Dude, that's a HORRIBLE deal. 5,500 down?? I was offered (for a loaded LE) 550/month with 2000 down or 577/month with 1000 down. Now that's a good deal given the bad LMF's (.0026) on the Murano LE right now.
#719 of 802
NMAC's March's Leasing Residuals and MF by belusch
Apr 09, 2008 (10:50 am)
Reply
Came across this... Don't know if April's Rates are out...
 
2009 Nissan Murano S AWD – 3/5/08
24 Month – Residual 69% of MSRP – .00270 Base Rate
36 Month – Residual 57% of MSRP – .00270 Base Rate
48 Month – Residual 48% of MSRP – .00270 Base Rate
60 Month – Residual 42% of MSRP – .00270 Base Rate
 
2009 Nissan Murano SL AWD – 3/5/08
24 Month – Residual 64% of MSRP – .00270 Base Rate
36 Month – Residual 53% of MSRP – .00270 Base Rate
48 Month – Residual 45% of MSRP – .00270 Base Rate
60 Month – Residual 38% of MSRP – .00270 Base Rate
 
2009 Nissan Murano LE AWD – 3/5/08
24 Month – Residual 60% of MSRP – .00270 Base Rate
36 Month – Residual 50% of MSRP – .00270 Base Rate
48 Month – Residual 42% of MSRP – .00270 Base Rate
60 Month – Residual 37% of MSRP – .00270 Base Rate
 
Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
 
Compare Lease Payments for Used Nissan Models HERE
 
Use the following formula to calculate a lease payment:
 
(Cap Cost – Residual Value) / Term = Depreciation
(Cap Cost + Residual Value) X Money Factor = Interest
Depreciation + Interest = Base Monthly Payment

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