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Nissan Quest Lease Questions

68 messages,  Last post on Apr 17, 2013 at 8:29 AM

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What is this discussion about? Nissan Quest, Car Leasing, Van

Messages Page 4 of 8

#23 of 68 Re: Nissan Quest: Lease Questions [saab510] by dtownfb

Apr 06, 2007 (7:26 am)

Replying to: saab510 (Apr 05, 2007 1:06 pm)
tough situation.
 
I would find out what the true value of your ML500 is by going over to the "Real World Trade-In Values" forum under the Car shopping forum. There are a few dealers who deal with auctions all day/every day. they are kind enough to give you the going price on your vehicle at auction (ie trade in price). They can also give you an idea of the private sale price on a vehicle like yours. Right now you are looking at $10k negative equity. that is a lot to roll over into a new loan or lease and may not be possible. If you could, your payments probably won't be much less then the $636 you are currently paying.
 
Your best bet may be to sell your ML500 privately and somehow scrounge up the rest of the cash to pay off the remainder of the loan then purchase a Quest used. Although I would lean toward a used grand Caravan or MPV not because they are better vehicles but simply they will be cheaper to purchase. A leftover 2006 MPV can be had for $17k-$18k because Mazda has stopped production on these vehicles. Used for several thousand less.
 
Is the $26K the payoff amount or the total of the remaining payments? If my calculations are right, you have 40 payments left.

#24 of 68 2007 Nissan Quest SE Lease by barcap

Apr 09, 2007 (7:43 am)

I'm interested in a 2007 Nissan Quest SE fully loaded with Navigation and Carpeted Floor Mats. Can anyone provide Residual Value %ages and Money Factors for a 39 month lease? I currently have a dealer quote for a sign and drive deal (no money down other than first mo. payment and registration fees) for $513/month for 39 months (tax included). This reflects a $2000 Nissan customer loyalty incentive but no other cash down on my part).
 
However, the exterior color (Black) and interior color (Chili) that my wife wants are nowhere to be found in our area (NY tri-state). In fact, the fully loaded SE's with Navigation seem to be an extreme rarity. I've checked dealer inventories in numerous cities (Philly, Boston, DC) and only came up with two vehicles in the wrong colors. If the deal is a good one, how likely will it be that the dealer a) can find the vehicle and b) if he has to order it from the factory will honor the quote?

#25 of 68 Re: Nissan Quest: Lease Questions [saab510] by Car_man HOST

Apr 23, 2007 (3:13 am)

Replying to: saab510 (Apr 05, 2007 1:06 pm)
Hi saab510. You may be able to roll part of the negative equity that you have in your current ML500 into a new lease, but unfortunately probably not the entire $10,000. Banks place caps on the amount that they will finance on leased vehicles. I am not sure what cap Nissan Motor Acceptance Corp. places on leases, but let's say that it is 105% to 110% of vehicles' MSRPs. A base 2007 Nissan Quest S has a spread of around $2,000 between its full MSRP and its dealer invoice price, so even if you were able to lease one at invoice you would only be able to roll $2,XXX of negative equity into your lease. If you really want to lower your monthly payment, you should be looking to get the least expensive vehicle possible. Do you really need to get a van? Perhaps an inexpensive sedan, like a Honda Accord or a Toyota Camry would be adequate. If you absolutely need a van, you may be able to get a better deal on a Dodge Grand Caravan.
 
Car_man
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#26 of 68 Re: 2007 Nissan Quest SE Lease [barcap] by Car_man HOST

Apr 23, 2007 (3:27 am)

Replying to: barcap (Apr 09, 2007 7:43 am)
Here's the information that you're looking for, barcap. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2007 Quest SE with 12,000 miles per year are .00121 and 46%, respectively. Unless Nissan allows consumers to lock in lease programs on ordered vehicles, you will not be able to use this program to calculate the monthly payment on your ordered Quest, but instead will have to use the program that is available when you physically take delivery of it.
 
Car_man
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#27 of 68 Money Factor/Residuals on 2007 Quest by ooomcooo

Jun 18, 2007 (12:38 pm)

Hi Car Man, can you tell me what the money factor and residual is on a 39 month lease of a 2007 Nissan Quest SL with 15k miles per year? Also for 12k miles per year?
 
I agreed to invoice price which I think is pretty good...
 
Thanks in advance for the help.

#28 of 68 Re: Money Factor/Residuals on 2007 Quest [ooomcooo] by Car_man HOST

Jun 27, 2007 (2:23 am)

Replying to: ooomcooo (Jun 18, 2007 12:38 pm)
I sure can, ooomcooo. According to the latest information that I have seen, Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2007 Nissan Quest SL with 15,000 miles per year are .00068 and 44%, respectively. This van's 12,000 mile per year residual value would be 1% higher. Dealer invoice is a very good selling price for a lease of an '07 Quest.
 
Car_man
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#29 of 68 Re: Money Factor/Residuals on 2007 Quest [Car_man] by conger14

Jul 02, 2007 (1:38 pm)

Replying to: Car_man (Jun 27, 2007 2:23 am)
Car_man
 
Is the money factor and residual value still in effect for July? I live in upstate NY and I bouncing around between an 07 Sienna, 07 Odyssey and 07 Quest. I'm looking for the lowest current lease plan for 36 months at 12k miles a year. I welcome any suggestions. My wife and I have looked at the Odyssey EX (test drove one), the Sienna LE with AWD (we still get a lot of snow every year) and now the SL Quest.
 
Thanks
Conger14

#30 of 68 Re: Money Factor/Residuals on 2007 Quest [conger14] by Car_man HOST

Jul 05, 2007 (3:22 am)

Replying to: conger14 (Jul 02, 2007 1:38 pm)
Hi Conger14. On July 3rd, Nissan published a new lease program. NMAC's latest buy rate lease money factor and residual value for a 36 month lease of a 2007 Nissan Quest SL with 12,000 miles per year are .00030 and 45%, respectively. This is a great money factor, but a terrible residual value.
 
Car_man
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Prices Paid Forum

#31 of 68 lease deal - good or bad? by mich0222

Jul 29, 2007 (5:51 pm)

hi,
I was recently quoted the following for a 2007 quest (base model):
24,300. price
39 mo.lease/12,000. miles
348.20 per month..
the dealer says he is "losing" money on me. I keep thinking they are lying and laughing behind my back! I am trying to get the monthly payment closer to $300...am i crazy to think this is possible?
thanks

#32 of 68 Re: lease deal - good or bad? [mich0222] by conger14

Jul 30, 2007 (5:05 am)

Replying to: mich0222 (Jul 29, 2007 5:51 pm)
find out what the money factor and residual value is and any bank fees. also, is 24,300 the sale price or MSRP? Find out those numbers then run your own calculations. If the numbers are close, then you know that "they may be losing money on you" but it's possibly a good deal. If the numbers are off, find out why. You will probably want to back out at that point and find a new dealer.
 
My understanding based on some info posted here a few months ago that minivan sales are down across the board for all dealers and with the new model line coming out, almost all dealers will lose money on minivan sales so...go to www.leaseguide.com and read everything there. This was the best place for me to understand how to negiotate a lease. I have not finalized a deal yet because I keep finding dealers who are inflacting the money factor or residual value or just not giving me those numbers when I ask. If a dealer can't give you the numbers, alarms should be going off!
 
Good luck

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