- #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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- #71 of 372
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Re: Advice please! [karen7338]
by Car_man HOST
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Aug 04, 2006 (3:36 am)
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Replying to: karen7338 (Aug 02, 2006 8:08 am)
Greetings karen7338. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
You never mentioned the selling price of the Pathfinder that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
Car_man
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- #72 of 372
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Re: Advice please! [Car_man]
by karen7338
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Aug 04, 2006 (5:27 am)
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Replying to: Car_man (Aug 04, 2006 3:36 am)
The selling price is $29470. And I did check out those articles. Leasing still seems pretty confusing for a first timer! It seems the more info I read the more confusing it gets!
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- #73 of 372
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Re: Advice please! [karen7338]
by Car_man HOST
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Aug 05, 2006 (6:16 am)
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Replying to: karen7338 (Aug 04, 2006 5:27 am)
Thanks for the additional information, karen7338. Don't worry about leasing being confusing. You can simplify things by focusing on the two most important numbers. They are your vehicle's selling price and the money factor that is being used to calculate its monthly payment. These are the two main profit centers for dealers on leases. You were quoted a selling price of $29,470 on the Pathfinder that you're interested in. This truck has a full MSRP of $33,004, so you are getting a discount of $3,534 on it. This has got to be pretty close to dealer invoice, which is a very good deal for a lease of this truck. For additional feedback on the price that you were quoted, you can stop by the following discussion: KarenS, "Nissan Pathfinder: Prices Paid & Buying Experience" #, 29 Apr 2004 5:11 pm.
The other number that I mentioned is this car's money factor. It is used to calculate the interest portion of your vehicle's monthly lease payment. Dealers often have the ability to mark vehicles' money factors up to add additional, hidden back-end profit to deals. This is why it is important to know what your vehicle's buy rate lease money factor is. This number is published by the bank that you are leasing through and it is the lowest possible money factor that you are allowed to use. Nissan Motor Acceptance Corp.'s current buy rate lease money factor for a 39 month lease of a 2006 Nissan Pathfinder SE 4WD is an attractive .00050. This is equivalent to an interest rate of only 1.2%. Make sure that the dealer you are working with uses this factor to calculate your truck's payment. I will use NMAC's current lease program to double check the payment that you were quoted. According to my calculations, if you were to lease an '06 Pathfinder SE 4WD with an MSRP of $33,004 and a selling price of $29,470, through NMAC right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $331.
Car_man
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