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Nissan Murano Lease Questions

1227 messages, Last post on Dec 01, 2009 at 4:38 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Thanks car_man, a dealer made this offer to me and I can't figure out what his angle was. It was the last day of April and they wanted to do a deal...here was his offer. A SL-AWD with premium, tech, leather, cargo protector, mud flaps. He would pay the remaining 5 months of my present lease which was $1927.50 And I would pay $535 per for 39 months, 12K with the first month, taxes and bank fees up front appox $2800. He said that if I didn't have the lease, the lease payment for the car would have been $480 per month x 38 = $18,240 his offer was 38 x $535 per = $20,330 minus the $1927.50 he would pay off = $18, 402.50. I figured out the total cost both ways and if I would have taken his deal it would have cost me appox $162.50 more over the next 39 months plus losing 5 months of leasing time. It seems like a great deal to get into a new car 5 months early. Just a reminder my current 2005 Murano SL-AWD loaded with everything but nav has 21,350 miles and is basically in excellent condition. Was this a great deal I should have taken or is there something hidden that I'm missing? Since I 'm very leary of dealers what's your opinion? Thanks |
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Replying to: archon810 (May 01, 2008 1:09 am) Want to pull the trigger on a SL AWD with premium, leather and tech,, but cant justify almost 5.76 % interest on the money factor with a unfavorable 54% residual. That is an awful lot of money each month in interest. The cost of the vehicle isnt bad but over $100 in interested every month is tough to swallow. Interest rates are so low, you cant even get 2% on a CD. What is up with the crappy money factor??? |
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| Iforgot to add the nav option to the options in my #738 post. | |
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Replying to: discount80 (Apr 30, 2008 6:51 am) |
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Replying to: budahkan (May 02, 2008 11:29 am) Money Factor: .0024 Residual: 54% on paper - was offered 55% Reduced CAP Cost: offered $2,833 off MSRP (said to be $500 over invoice) Monthly Payments: $592.34/month (includes Finance/Tax) Drive Off: $1,163.07 (no down payment) Did not get though. Decided to wait. Just a note here for everyone... the reason for the high Money Factor and low Residual (I got .00146 Factor and 58% Residual on my 2006 Murano), is because the 2009s are not really suppose to be on the books until Sept 2009. If you can wait, do so. Nissan is trying to move the 2009 early to capitalize on the Factor and Residual. Business is business. If anyone is interested, I have the complete numbers on the offer I mentioned above. I'm a software engineer that has written several auto lease programs... Happy shopping! |
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Replying to: robbmorgan (May 05, 2008 8:47 am) |
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Replying to: robbmorgan (May 05, 2008 8:47 am) |
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I got a voicemail message from my dealer about 2 weeks ago who said that there is a possible recall on my 2007 Murano S and I should call them back. When I called I was told that based on my VIN recall does not affect me. Today I got a call from the same dealer who said that they have a special lease termination program (i am on my 6 months out of 39) and that if i end my lease they will give me $1000 off the new lease on 2009. Does anyone know what the recall is about? Sounds strange that dealer is offering such a deal. Are there some problems with 2007 and they are trying to bring them back? Are 2009 not selling at all? Any guesses. |
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Replying to: robbmorgan (May 05, 2008 8:47 am) (S awd) $347 per mo. / 39 mo. $1,248 fees $0 down |
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Replying to: robbmorgan (May 05, 2008 8:47 am) I'm interested on the offer numbers for an 09'. You can email them myrlora Thanks, RL |
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