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Nissan Pathfinder Lease Questions

369 messages,  Last post on Oct 12, 2009 at 1:19 PM

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

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#352 of 369 Buying Pathfinder off lease by rmlinn Jun 01, 2009 (8:49 am)
Carman -   I have a 2006 Pathfinder LE 2WD no Nav that will be coming off lease in about 2-3 months. I am under mileage slightly but there are several small dents and moderate scratches that I would have to fix ( I would think) before I turn it in. I love the vehicle and am considering buying it off lease - the residual is about $18000 but in this market I would hope to get it for less. The lease is held by Nissan Acceptance Corp. Is there negotiating room, if so with whom, when should this start, etc? You have always been helpful with leases but this is the first time I would actually think about purchasing one off lease. Thanks! Replies to this message: Car_man (Jun 18, 2009 1:42 am)
#353 of 369 From Lease to Purchase: Paid to much? by jfoster3 Jun 05, 2009 (2:11 pm)
First, I would like to say hey as this my first post... hey!   Finding out if I got taken advantage of and wasn't even aware of it. My wife and I leased a Demo 2006 Pathfinder LE 2WD, MSRP around 32,000, for 39 months. The residual value that we were paying on was 20,950. A year and 5 months later, we decided we would go ahead and buy it being it was becoming the traveling car and the wife really liked it (her driving car as I drive my 02 Mustang GT). Not doing my homework, shame on me I know, we went and purchased it. Did it through a Nissan rep and got a loan for 30,198 through 5th 3rd Bank for the purchase. This included the small fees.   Is this right being the care was already almost a year and half old and almost all cars lose 20% value driving off the lot and it being a "demo" car. Should it not have a purchase price of, being kind here I think, of about 23-25k?   Thanks for the replies and easy on me.
#354 of 369 lease origination payment by mattyw Jun 06, 2009 (9:38 am)
I understand that the dealer makes money by originating the lease. This would be money paid by the leasing company to the dealer. Can you give me an idea of how much money the dealer makes on a lease? Let's use a 39 month Nissan Infinity captive lender rate for a $35 K capitalized value deal now in the market (on a Pathfinder). Thank you
#355 of 369 Loyalty Credt not the same as "wear and tear" allowance by mattyw Jun 06, 2009 (9:56 am)
Returning a lease requires an inspection. On our paperwork from NMAC they are of course offering us incentives to lease a new car. In the material they mention a $500 "Owner Loyalty" credit for us. I want to be clear here: this is not the same as the $500 so-called wear-and-tear credit is it? I want to make sure they don't just "take" the $500.   If we pass the lease return inspection without any actionable exceptions, it stands to reason that the Loyalty Credit is ours to use in the next lease transaction, no?   I was under the impression that the lease inspection transaction was between us and the leasing company, and the dealer has nothing to do with it.   I am concerned that there is some intermingling going on here that is not supposed to happen.   Are we on the right track here?   Thanks!
#356 of 369 Re: Is april 09 Pathfinder time? [Car_man] by mattyw Jun 08, 2009 (3:47 pm)
Replying to: Car_man (May 04, 2009 2:58 am) Car_man - just got a bunch of email from one of the local dealers (SF Bay Area) and there were a bunch of lease offers, some that looked like pretty good deals.   Nothing on the Pathfinders however. They obviously want to sell Altimas.   The local dealer is whining that Pathfinders, specifically LE's are hard to find. Is this true? Are the SE figures you gave Sprkieee similar to the LE? 47% residual and .00064 (1.464%)... again, in a conversation with that "whiney" dealer he said the residual on LE's was only 42%. He would not talk money factor, which is odd. He also said there were only 14 LE's in all of California or the Western States. Is this salesman-speak for "I want to sell you something I already have in my lot" or is there a shortage of these?   thx Matty Replies to this message: Car_man (Jun 18, 2009 1:49 am)
#357 of 369 Re: May 2009 [mattyw] by Car_man HOST Jun 17, 2009 (2:46 am)
Replying to: mattyw (May 28, 2009 8:17 pm) Thanks Matt. Yes, NMAC's buy rate lease money factor is currently .00061 for all Pathfinder trim levels. NMAC's 36 month, 15k residuals for an '09 Pathfinder LE V6 4WD is 42%. It's one percent higher for the V8. NMAC's 12,000 mile per year residuals are 1% higher than its 15,000 mile per year resids. You can lease this truck for 39 months using the same money factor. Its 39 month factors are 1% lower than its 36 month factors.   The QX56 is a much more expensive truck than the Pathfinder. Infiniti is running a special lease program on it right now, but I suspect that it will be much more expensive to lease than a Pathfinder would be.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#358 of 369 Re: Buying Pathfinder off lease [rmlinn] by Car_man HOST Jun 18, 2009 (1:42 am)
Replying to: rmlinn (Jun 01, 2009 8:49 am) Hi rmlinn. In order to determine whether you should purchase your Pathfinder at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your truck's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through, NMAC, just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.   As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".   If your truck's purchase option price is lower than or close to what you would have to pay for a similar used one on the open market, then you may want to consider buying your truck at lease-end.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#359 of 369 Re: Is april 09 Pathfinder time? [mattyw] by Car_man HOST Jun 18, 2009 (1:49 am)
Replying to: mattyw (Jun 08, 2009 3:47 pm) Hi mattyw. A number of manufacturers...including Nissan, have dramatically cut their production levels. As a result, an inventory situation that was out of control when the economy fell off of a cliff is now much more manageable. It would not surprise me if the Pathfinder was one of the models that Nissan stopped producing for a while and as a result certain trim levels of it were relatively difficult to find.   Having said this, there is a ton of competition out there. I wouldn't let any dealer use the fact that a particular Pathfinder trim level might be in relatively short supply to scalp me on the truck's selling price. If they weren't willing to sell me a Pathfinder for a couple hundred dollars over dealer invoice, I would either comparison shop with another dealer or go with a different truck.   Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2009 Pathfinder LE V6 2WD with 15,000 miles per year are .00061 and 42%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#360 of 369 2009 Pathfinder V6 LE by danf1222 Jul 02, 2009 (7:12 pm)
Car_Man, we have been exploring our options for a new truck and are also looking into the Pathfinder LE. Do you know if the $2500 cash to customer incentive available on leasing as well?   I tried to calculate a ballpark lease figure for a 2009 V6 LE 4WD with Moonroof on a 39 month lease with 12K per year.   The figures I used were as follows: MSRP: $40,310 (with desination charge)(figure taken off Edmunds.com site) Offer: $34,955 (this is the TMV after $2500 cash to customer incentive) Residual: 42% MF: .00061 (is this still the MF for July) NYS Tax: 8.625%   I calculate that this lease with minimal down payment will run ~ $535 per month x 39 months. Are my calculations correct and is this attainable? I guess it all depends on whether the $2500 applies (if it does not, it would seem that purchasing the truck makes more sense).   Thank you for your input. Replies to this message: Car_man (Jul 08, 2009 2:52 am)
#361 of 369 Re: 2009 Pathfinder V6 LE [danf1222] by Car_man HOST Jul 08, 2009 (2:52 am)
Replying to: danf1222 (Jul 02, 2009 7:12 pm) Hi danf1222. Unfortunately, the $2,500 cash incentive that Nissan is currently providing on the 2009 Pathfinder is not compatible with its special lease program. However, through July 8th, Nissan is providing a special 4th of July bonus cash incentive that is. As a result, your calculations are off.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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