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Prices Paid: Buying & Leasing Experiences Nissan Murano Lease Questions
888 messages, Last post on Nov 20, 2008 at 6:28 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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!
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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.
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Replying to: saltshaker (Oct 05, 2008 7:02 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: hiloyo (Oct 11, 2008 8:20 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Oct 12, 2008 4:22 pm) 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). |
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Replying to: hiloyo (Oct 11, 2008 8:20 pm) |
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Thanks for the replies.I am looking at 39 months and 15000 miles.So thanks for those numbers. Can you actually negotiate the residual and money factor with your dealer after you have negotiated the selling price of the vehicle? thanks again-
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Hi all, I'm new here to write and post, but let me tell you that Edmunds forums is one of the first resources I go to when it comes to researching and buying a car. Love it! Now, i lease 2005 Murano SL and pretty happy about this car. My lease of 39 month is about to expire in beginning of January 2009. I have a family of four with a recent addition of a baby girl and we are looking for a minivan (probably Sienna) as a replacement. BUT we can get by with Murano for another year and really dont mind re-leasing it again. My questions to you guys are: 1. Is it a practice to negotiate a new short term lease with a current near end lease term with NMAC? ( considering the economy I think they should love me  ) 2. What is my car going to cost me and how would i figure out adjusted Murano price tag as well as new lease payments? my current stats: Type: 2005 Murano, SL (I have everything except for Navigation) Miles so far: 20K Lease permits miles: 12k/year Monthly pmt: $410 Down payments at origination: $0 Lease term: 39mo Condition: Not a scratch (knock on wood) Thanks for your help |
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Replying to: dannyhashovav (Oct 13, 2008 1:37 pm) thanks all. |
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Replying to: saltshaker (Oct 12, 2008 7:08 pm) Here's what a 39 month lease would look like. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2009 Murano LE AWD with 12,000 miles per year are .00239 and 53%, 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 $555...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. A few similar vehicles that would probably around the same or less to lease include the Toyota 4Runner, Toyota Highlander, Volkswagen Tiguan, Volkswagen Touareg, BMW X3, and Lexus RX 350 to name a few. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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