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2006 Nissan Pathfinder LE 4WD Lease Offer
by nuch333
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Jul 10, 2006 (12:05 pm)
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Hi, I am looking to understand whether the following lease offer is a good deal. This is out of Boston.
2006 LE Nissan Pathfinder 4WD (Loaded, everything but NAV)
MSRP- 36395
RV - 51%
MF- 0.0050
39 month lease
12K miles/year
$4500 down which covers first month and fees
$330/month
I know the MSRP is more than what this SUV is selling. How much should I expect the monthly payment to drop if I were to pay around invoice which is around $33K? Also, are the number of miles negotiable? I would probably want to up it to 15K/yr. How much more would they tack on?
Thanks in advance for any advice offered.
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- #62 of 372
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Re: HELP with Pathfinder Nat'l Lease program [jbrogna]
by Car_man HOST
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Jul 18, 2006 (1:41 am)
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Replying to: jbrogna (Jun 22, 2006 3:39 pm)
Hi JB. There's no need to be intimidated by leasing, if you understand how it works and shop around you'll get a great deal. The most important number to focus on when leasing a vehicle is its selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Once you have negotiated an attractive price on the truck that you want, have the dealer that you are working with calculate its monthly payment using its buy rate lease money factor. Nissan Motor Acceptance Corp.'s current buy rate lease money factor for a 39 month lease of an '06 Pathfinder is .00050. That's basically all the steps that you need to take to make sure that you get a good deal because vehicles' selling prices and money factors are the two main profit centers for dealers on leases. For additional information on this subject, make sure to check out the following helpful articles that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Car_man
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- #63 of 372
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Re: Closer to pulling the trigger [btsapalas]
by Car_man HOST
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Jul 18, 2006 (1:49 am)
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Replying to: btsapalas (Jun 22, 2006 10:03 pm)
Hi Bill. You're right, $2,000 under dealer invoice, $1,500 under once the $500 customer cash is backed out, is a very aggressive price for this truck. I'm personally surprised that dealers are willing to sell one for that much below invoice. I would have thought that right around dealer invoice was a good deal. As you sure that you are discussing a brand new Pathfinder that really does not have any miles on it with the dealer and not a demo model that is still technically a new vehicle but has hundreds or thousands of miles on the odometer?
There's no point in hiding the fact that you want to lease your new truck from the dealer. In fact, they need to know that you want to because the $500 customer cash that Nissan is providing on this truck is not compatible with its special lease program. 39 months is the way to go when leasing an '06 Pathfinder right now. This is Nissan's most attractive term. If you were to lease any '06 Pathfinder through Nissan Motor Acceptance Corp. right now for 39 months, its buy rate lease money factor should be .00050. Just make sure that you get a good price and the buy rate money factor and you'll be fine. There's no need to get quotes to lease this truck through independent banks. First, the independent banks with the most attractive lease programs usually do not deal directly with the general public. This is a moot point anyhow because I highly doubt that any independent bank's lease program will be anywhere near as attractive as NMAC's current program for this model.
Car_man
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- #64 of 372
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Re: Closer to pulling the trigger [btsapalas]
by Car_man HOST
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Jul 18, 2006 (1:53 am)
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Replying to: btsapalas (Jun 24, 2006 3:44 am)
Hey btsapalas. A while ago many banks, including NMAC, stopped leasing vehicles to residents of New York because of the vicarious liability laws that existed there. Basically these laws made it possible for people who are in involved in an accident with someone who is in a leased vehicle to sue the bank that they are leasing it through as well as the vehicle's actual driver. Fortunately, this silly law was recently changed and most banks have resumed leasing vehicles to New York residents.
Car_man
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- #65 of 372
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Re: National $339 month lease [gmarga56]
by Car_man HOST
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Jul 18, 2006 (1:57 am)
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Replying to: gmarga56 (Jun 27, 2006 6:32 pm)
Hi George. Nissan extended its special lease program for the 2006 Pathfinder, so don't worry if you missed the 7/5 deadline. The best way to make sure that you are getting a good deal on this truck is to negotiate as low a selling price as possible and then have the dealer that you are working with calculate its lease payment using its buy rate lease money factor. You should be able to negotiate a lower selling price than the one that the advertised lease you saw is based upon. Nissan Motor Acceptance Corp.'s current buy rate lease money factor for a 39 month lease of this truck is .00050.
Car_man
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- #66 of 372
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Re: negotiating a price for a lease? [lawdawgmi]
by Car_man HOST
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Jul 18, 2006 (2:00 am)
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Replying to: lawdawgmi (Jul 08, 2006 3:26 pm)
Hi lawdawgmi. I would be happy to estimate what your lease payment should be like on this truck for you, however in order for me to do so I need you to provide me with its approximate selling price. This is a very important number for you as a consumer to know because the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. You may be able to get an idea of how much you should pay for this truck by visiting the following discussion: "Nissan Maxima: Prices Paid & Buying Experience". Once you have a price, let me know and I will use Nissan's actual lease program to estimate what your monthly payment should be.
Nissan is currently providing $500 customer cash on the '06 Pathfinder, but this cash is not compatible with this truck's special lease program.
Car_man
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- #67 of 372
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Re: 2006 Nissan Pathfinder LE 4WD Lease Offer [nuch333]
by Car_man HOST
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Jul 18, 2006 (2:08 am)
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Replying to: nuch333 (Jul 10, 2006 12:05 pm)
Greetings nuch333. Right off the bat I can tell you that $4,500 is way too much money to put down when leasing. Consumers can and should lease any vehicle that they are interested in without making any sort of capitalized cost reduction. All you have to pay at lease signing is your truck's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, Nissan's $550 acquisition fee, and any required state taxes or fees. I will work up a sample lease payment without any down payment on this truck for you, based upon the selling price that you mentioned. According to my calculations, if you were to lease a 2006 Nissan Pathfinder LE 4WD with an MSRP of $36,395 and a selling price of $33,000 through Nissan Motor Acceptance Corp. right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $396. If you were to increase your mileage allowance to 15,000 miles per year, the payment for an otherwise identical lease of this truck would increase to around $406.
Car_man
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- #68 of 372
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Am I getting a good deal?
by tkwrenn
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Jul 29, 2006 (6:16 pm)
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I am going to lease a 2006 Nissan Pathfinder SE with only body side moldings, splash guards, floor mats, and cargo mats for $199 a month/48 months/12k a year with $4,995 due at signing. MSRP is is $27,765 and actual selling price is $24,900. This is through Mike Shad Nissan in Jacksonville, FL. Am I getting a good deal? Any pointers? Thanks.
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- #69 of 372
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Advice please!
by karen7338
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Aug 02, 2006 (8:08 am)
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This is my first time leasing a vehicle and I have settled on the pathfinder. I went to the dealership yesterday and negotiated this deal...
2006 Nissan Pathfinder SE w/comfort & premium package & sunroof wind deflector. (cloth interior)
MSRP: $33004
negotiated for the following deal:
$1000 down
$365/month (including taxes)
39months
12000 miles
Is this a good deal? I left a deposit on the vehicle because it SOUNDS good to me, but I really don't know much about leasing...or about cars for that matter! I don't want to sign the papers until I know I'm not getting swindled! Any input would be appreciated!
Thanks!
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- #70 of 372
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Re: Am I getting a good deal? [tkwrenn]
by Car_man HOST
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Aug 04, 2006 (1:33 am)
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Replying to: tkwrenn (Jul 29, 2006 6:16 pm)
Hi tkwrenn. The selling price that you were quoted for this truck looks very attractive to me. Using the prices that you mentioned in your post, an MSRP of $27,765 and a selling price of $24,900, I estimate that if you were to lease this truck through Nissan Motor Acceptance Corp. right now for 39 months with 12,000 miles per year, its zero down, pre-tax monthly payment would be around $281. I used a 39 month term because that it by far Nissan's most attractive term for a lease of this model right now. It would actually cost you more to lease this truck for 48 months. I calculated a zero down lease because it is in your best interest as a consumer not to many any capitalized cost reduction when leasing. I always advise community members against making down payments when leasing because if their leased vehicle is totaled in an accident or stolen and never recovered, their down payment essentially disappears.
Car_man
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