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Nissan Murano Lease Questions

1220 messages,  Last post on Nov 04, 2009 at 7:26 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#798 of 1220
How did I do, I am pretty happy about this by aillon
Sep 27, 2008 (11:51 am)
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MSRP 35,545.00 \ AWD SL, Tech Package, Black Leather, Premium package, No sunroof, Merlot (love the color)
 
Sold for 31959
Gross Cap Cost 32602
Residual 20616
Depreciation 7883
Rent Charge 4578 =
Total of base monthly Payments 12461
 
338 a month (including tax)
After - 3000 trade (only worth 1500) and 2K in cash.
 
This car is pretty much my dream car, I feel pretty happy about 338. This dealer is located in Old Saybrook CT as a FYI
#799 of 1220
Re: How did I do, I am pretty happy about this [aillon] by lee0001
Sep 27, 2008 (2:38 pm)
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Replying to: aillon (Sep 27, 2008 11:51 am)

Can you tell me what the term of the lease was? How many miles per year, number of months? thanks!
#800 of 1220
Re: How did I do, I am pretty happy about this [aillon] by aillon
Sep 27, 2008 (3:15 pm)
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Replying to: aillon (Sep 27, 2008 11:51 am)

sorry this is for 39 months, 12k a year
#801 of 1220
Re: Extending a Lease [mazzman1] by Car_man HOST
Sep 29, 2008 (5:15 pm)
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Replying to: mazzman1 (Sep 12, 2008 5:52 am)

You're very welcome, mazzman1.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#802 of 1220
Leasing 2009 Nissan Murano LE AWD with Navigation by saltshaker
Oct 05, 2008 (7:02 pm)
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I'm having an awful time trying to lease this car. The dealer is just plain lying and the math doesn't seem to work out. Here are the facts.
 
MSRP 41,375
INV 37,979 (Also, Base Cap Cost)
Trade 5,700
 
When I plug these numbers into my lease calculator I get a payment approx $400.
Yet the dealerships are insisting on at least $466 a month.
 
I'm using a 58% residual and a .00260 money factor. Please help me put an end to the negotiation and make a smart deal.
 
Thanks in advance for any help!
#803 of 1220
newbie question by hiloyo
Oct 11, 2008 (8:20 pm)
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I am researching a lease myself which we all know dealers hate.
I was just quoted a money factor .00212 great and then the bombshell
a residual of %52...This is for a 09' Murano SL with leather and premium pkg.
Are they for real ? If you contact NMAC will they tell you their current money factor and residuals or is this set largely by the dealer?I am a current NMAC customer.
 
Thanks for any help.
#804 of 1220
Re: Leasing 2009 Nissan Murano LE AWD with Navigation [saltshaker] by Car_man HOST
Oct 12, 2008 (4:22 pm)
Reply

Replying to: saltshaker (Oct 05, 2008 7:02 pm)

Hi saltshaker. You never mentioned how long you want to lease for or what mileage allowance you need. For now I will work up a sample 36 month lease with 15,000 miles per year for you. Let me know if you want something different. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2009 Murano LE AWD with 12,000 miles per year are .00239 and 54%, respectively. Using these numbers, an MSRP of $41,375, and a selling price of $37,979, I come up with a zero down, pre-tax monthly payment of around $579...which is not very attractive. There are a lot of vehicles out there that are just as nice as the Murano that would cost less than this to lease.
 
I see that you are considering using the proceeds from your trade-in as a down payment on your lease. I always advise consumers not to make large down payments when leasing. Those who make them risk losing them if their vehicle is totaled. If would be safer for you to have the dealer cut you a check for any equity that you have in your trade. If you really want to use it as a capitalized cost reduction, it would lower this truck's monthly payment to around $407.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#805 of 1220
Re: newbie question [hiloyo] by Car_man HOST
Oct 12, 2008 (4:28 pm)
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Replying to: hiloyo (Oct 11, 2008 8:20 pm)

Hi hiloyo. Most banks will not provide information on their lease programs directly to the general public. If you call NMAC they will probably tell you to contact your local dealer for that information. I can give you an idea of what NMAC's current lease program for this vehicle is like though. Its lease program for the 2009 Murano varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 39 month lease with 15,000 miles per year. Let me know if you want something different. NMAC's current buy rate lease money factor and residual value for a 39 month lease of an '09 Murano SL 2WD with 15,000 miles per year are .00239 and 53%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#806 of 1220
Re: Leasing 2009 Nissan Murano LE AWD with Navigation [Car_man] by saltshaker
Oct 12, 2008 (7:08 pm)
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Replying to: Car_man (Oct 12, 2008 4:22 pm)

Thank for the quick reply Car_man. The lease I'm seeking is a 39 month, 12000 miles/yr. So basically, these are the facts:
 
Nissan Murano LE AWD with 12,000 miles per year/39 mo lease
MSRP of $41,375
Selling price of $37,979
 
I dont have to use the trade-in, just seems like the easiest way to get rid of the car. I will ask my local dealer if he's willing to cut me a check.
 
I've read the Confessions of a Car Dealer article on Edmunds (awesome btw!) and learned a lot about their tricks. Do you think if I told him I'd only pay X dollars a month (approx $405 in this particular sitiuation), but I'd "tip" him $200 cash for his time, he'd bite? I've read this is a great agreement if you can pull it off but they sometimes resist. If not, what do you think is the best way to negotiate this lease? Email? Fax?
 
Thanks again, this is a very informative forum.
 
BTW, just curious, what others similar SUVs do you think are just as nice for the price? We test drove the Lexus 350, and although it was nice I preferred the Murano's features (heated back seats, better NAV as it can operate while being driven, one button reclining back seats, slightly roomier).
#807 of 1220
Re: newbie question [hiloyo] by saltshaker
Oct 12, 2008 (7:15 pm)
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Replying to: hiloyo (Oct 11, 2008 8:20 pm)

Hi Hiloyo, Best of luck with your lease deal. It seems like Nissan loves to play games and try gimmicks at their dealerships. Seems to me that car dealers are basically crooks, taking advantage of the uninformed. I'm not a fan of Saturns, but their simple pricing formula takes out a lot of the headaches and makes buying a car as simple as ordering a pizza. Great car though, just not sure the lease is the way to go. Might be worth buying instead with these crappy residuals being offered.

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