- #809 of 1225
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Question about re-leasing my 05 Murano SL
by dannyhashovav
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Oct 13, 2008 (1:37 pm)
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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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- #810 of 1225
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Re: Question about re-leasing my 05 Murano SL [dannyhashovav]
by dannyhashovav
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Oct 15, 2008 (9:47 am)
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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.
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- #811 of 1225
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Re: Leasing 2009 Nissan Murano LE AWD with Navigation [saltshaker]
by Car_man HOST
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Oct 19, 2008 (4:46 pm)
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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
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Prices Paid: Buying & Leasing Experiences Forum
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- #812 of 1225
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Re: [hiloyo]
by Car_man HOST
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Oct 19, 2008 (4:54 pm)
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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
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Prices Paid: Buying & Leasing Experiences Forum
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- #813 of 1225
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Re: Question about re-leasing my 05 Murano SL [dannyhashovav]
by Car_man HOST
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Oct 19, 2008 (5:00 pm)
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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
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Prices Paid: Buying & Leasing Experiences Forum
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- #814 of 1225
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Re: Question about re-leasing my 05 Murano SL [Car_man]
by dannyhashovav
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Oct 19, 2008 (5:52 pm)
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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.
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- #815 of 1225
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Re: Leasing 2009 Nissan Murano LE AWD with Navigation [saltshaker]
by indianajohns
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Oct 19, 2008 (9:48 pm)
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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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- #816 of 1225
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Re: Leasing 2009 Nissan Murano LE AWD with Navigation [indianajohns]
by jayrider
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Oct 20, 2008 (3:09 pm)
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Replying to: indianajohns (Oct 19, 2008 9:48 pm)
I drove a ford edge and was hoping it would make me want to buy but the drivetrain was loud and the throttle was touchy so I drove the murano and was sold. Liked everything else about the edge so when my lease runs out , I'll give it a serious revisit. I also saw nothing related to a lease on any ford. Thought the american car makers discontinued them because they lost out big time. My loaded sl awd is $330 for 36 months.
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- #817 of 1225
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Re: Leasing 2009 Nissan Murano LE AWD with Navigation [jayrider]
by jordang
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Oct 20, 2008 (4:27 pm)
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Replying to: jayrider (Oct 20, 2008 3:09 pm)
I also want to lease a 2009 Murano LE AWD. Why in 2005 was I able to lease a 42k Murano with GPS AND DVD for $389 month including taxes with 15k miles per year? My lease is up January 1st and would like to own another Murano, however I refuse to pay $600 per month for a leased car. All the dealers are complaining and actually had my dealer call today saying the the payment will increase if I don't take advantage this month. I found a quote for an Infiniti FX35 and G35 loaded with a better lease rate. I have been a loyal Nissan owner for the past 20 years, numerous Maximas, Pathfinders, 350Z and finally a Murano. I guess it's time to look for another SUV such as the Lexus or maybe the Mazda CX-9! Come on Nissan give us better Murano Lease options!
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- #818 of 1225
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Re: Question about re-leasing my 05 Murano SL [dannyhashovav]
by dannyhashovav
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Oct 21, 2008 (5:31 am)
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Replying to: dannyhashovav (Oct 19, 2008 5:52 pm)
As promised. I called NMAC and spoke about wanting to continue with a lease on my 05 Murano, but at new, negotiated terms. First they had hard time understanding what I wanted ("Do you want to terminate your lease? You will have to pay termination fees..." the lady with a heavy accent kept asking....)Anyways, after about 10 minutes on the phone with them, I finally understood that I better be off with a new car, at new rates with new warranties and less hassle. though I really really love my car and would have a hard time parting with it
thanks
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