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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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#806 of 1220
Re: Leasing 2009 Nissan Murano LE AWD with Navigation [Car_man] by saltshaker
Oct 12, 2008 (7:08 pm)
Reply

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.
#808 of 1220
by hiloyo
Oct 12, 2008 (11:59 pm)
Reply
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-
#809 of 1220
Question about re-leasing my 05 Murano SL by dannyhashovav
Oct 13, 2008 (1:37 pm)
Reply
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
#810 of 1220
Re: Question about re-leasing my 05 Murano SL [dannyhashovav] by dannyhashovav
Oct 15, 2008 (9:47 am)
Reply

Replying to: dannyhashovav (Oct 13, 2008 1:37 pm)

Anyone can help please? Is this not the right topic to post under the incorrect forum?
thanks all.
#811 of 1220
Re: Leasing 2009 Nissan Murano LE AWD with Navigation [saltshaker] by Car_man HOST
Oct 19, 2008 (4:46 pm)
Reply

Replying to: saltshaker (Oct 12, 2008 7:08 pm)

You're welcome, saltshaker. Unfortunately I doubt that any salesperson that you deal with will be able to take you up on your tip offer. First of all, they would probably be fired if they were caught doing something like that. Second, the sales manager, not the sales person has the final say on whether your deal gets approved. So even if you were able to grease your salesperson's palm they wouldn't be able to get you a better than normal deal.
 
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
#812 of 1220
Re: [hiloyo] by Car_man HOST
Oct 19, 2008 (4:54 pm)
Reply

Replying to: hiloyo (Oct 12, 2008 11:59 pm)

Hi hiloyo. I don't believe that you ever mentioned the specific trim level Murano that you are interested in, so for now I will assume that you want an '09 Murano S AWD. Let me know if you want something different. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of an '09 Murano S AWD with 15,000 miles per year are .00239 and 59%, respectively.
 
Your vehicle's residual value is set by the bank that you are leasing it through and individual dealers do not have the authority to alter it. However, dealers are often allowed to "mark-up" or pad vehicle's money factors to add additional, hidden profit to deals. This is why it is important to know what the buy rate is for the model that you want prior to visiting dealers.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#813 of 1220
Re: Question about re-leasing my 05 Murano SL [dannyhashovav] by Car_man HOST
Oct 19, 2008 (5:00 pm)
Reply

Replying to: dannyhashovav (Oct 13, 2008 1:37 pm)

Welcome dannyhashovav. Congratulations on your new baby girl. Traditionally, manufacturers captive finance companies, like Nissan Motor Acceptance Corp., are willing to extend lessees deals for a few months at their current payment. Unfortunately, I don't recall ever seeing NMAC renegotiate a lower payment with someone who wants to extend their lease.
 
You're right, the auto industry is in shambles right now, so you never know. Given NMAC a call directly and see if they are willing to work with you. As I mentioned, I suspect that they will not, but you don't have anything to lose by asking. If they are willing to extend your current lease at a lower monthly payment, make sure to stop back and let us all know.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#814 of 1220
Re: Question about re-leasing my 05 Murano SL [Car_man] by dannyhashovav
Oct 19, 2008 (5:52 pm)
Reply

Replying to: Car_man (Oct 19, 2008 5:00 pm)

Thanks much Car_man,
appreciate your response and I will surely post what NMAC response would be after I call them to discuss.
thanks again.
#815 of 1220
Re: Leasing 2009 Nissan Murano LE AWD with Navigation [saltshaker] by indianajohns
Oct 19, 2008 (9:48 pm)
Reply

Replying to: saltshaker (Oct 12, 2008 7:08 pm)

In my opinion, I wouldn't lease a Murano for $500 a month. If you were wanting to save a little money you could easily lease a LOADED Ford Edge Limited for $375 or if you wanted to keep it at $500 I'd go with the Acura RDX. The Ford Edge is the way better deal though. It has all the same bells and whistles as the other two but actully is offered at an attractive price.

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