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Prices Paid: Buying & Leasing Experiences Nissan Pathfinder Lease Questions
372 messages, Last post on Nov 28, 2009 at 6:10 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
Asked dealer for an 06 Pathfinder SE 4x4 with Comfort and Premium package. MSRP is 33,625, selling price is 31,059. Dealer quoted me a money factor of 00029 for a 39 month lease, 12k miles per year, 0 down. Is this a good deal and how can I calculate the monthly payments based off of this? Thanks much!
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Replying to: ec99 (Oct 15, 2006 4:34 pm) $18157 residual. The residual amount should have been given to you by the dealer.
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Replying to: nomatter (Oct 16, 2006 6:15 am)
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Replying to: ec99 (Oct 16, 2006 8:10 am) Money factor is published by the bank that you are leasing through and I believe the lowest possible money factor you can get from Nissan Motor Acceptance Corp. is .00029. Dealers often mark money factors up to add additional, hidden profits. Residual value varies depending upon how long you lease the truck for. I do not know exactly NMAC's residual value for a 2006 Pathfinder SE 4x4, but I am guessing it is 54% of MSRP or $18157 in your case. If I use 53% residual, then I would expect your payment to be around $385+tax. The numbers I was given for 06 Pathfinder SE 4x2 were 0.00029 MF and 53% residual. At signing, you would have to pay first payment, security deposit (if required), and title/license fees. You might want to ask them what the adjusted capitalized cost is as well. I have used 31059 selling price + 550 Acq fee + 599 Dealers fee - 0 Down = 32208. Good luck.
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Replying to: nomatter (Oct 16, 2006 8:40 am) |
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| I went to the dealer today and they did not quote me anything near what I expected. They were in the $500.00 range. I was expecting $305.00 plus tax. They would not tell me the money factor or residual so I left. Any ideas on how I should handle that in the future? | |
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Replying to: kristyt (Oct 16, 2006 1:09 pm) |
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Can anyone tell me exactly how NY calculates a lease. I have the initial offer in hand from the dealer. The dealer tells me that the state of NY gets the sales tax up front and is inclulded in the Cap Costs. I can't make sense of this. Can anyone tell me how this is done based on the following: MSRP 30005 Sell price 31900 Adj Cap Cost 32521.06. This appears to include the $550 aq. fee +101.06 gov fee - $30 first year fees. Cap Cost of 32521.06 + Sales Tax 1428.94 - Cap Reduction 2535.48 = Net Cap 31414.52 Residual  52% = 17162.60 Term Depriciation = 14251.92 Monthly 365.43 Lease Charge = 14.09 Payment = 379.52 I can't figure out how to re calculate this if Invoice was used at 30276 and 0 cap reduction. There is no dealer fee only a $55 doc fee.
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Replying to: bsh88 (Oct 16, 2006 7:17 pm) EDIT: Some states like Illinois, Ohio, New Jersey and Texas, collect sales tax on the lease upfront, while others, like Florida, and Georgia, collect sales tax on a monthly basis. I've read that in New Jersey, you have a choice of paying up-front taxes on either the full purchase price or the total of lease payments. I do not know much on NY or NJ sales tax law, maybe someone else can confirm this.
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Replying to: nomatter (Oct 17, 2006 4:57 am) Thanks for the help. It doesn't seem to matter how I do the calculation, I can't come up the sales tax figure they gave. Thanks again.
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