Ask the Car People.SM


Nissan Quest Lease Questions

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

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 4 of 8

#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
Host
Prices Paid Forum

#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
Host
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

#33 of 68 Re: lease deal - good or bad? [mich0222] by Car_man HOST

Aug 03, 2007 (3:45 am)

Replying to: mich0222 (Jul 29, 2007 5:51 pm)
Hi mich0222. The dealer invoice price for a base 2007 Nissan Quest with no options is currently $23,597. If this is the exact vehicle that you are getting, then you are paying around $700 over invoice. This isn't bad, but it's not quite the "losing" deal that it was made out to be. If you are in an area that has a decent level of competition, I personally would not be surprised if you were able to negotiate a price of a few hundred dollars less over invoice. You can look up the exact invoice price of the van that you want by visiting the following section of this site: Edmunds.com - New Vehicle Pricing.
 
Once you have arrived at a price that you are happy with, make sure that the dealer that gives it to you calculates your monthly payment using NMAC's current 39 month buy rate lease money factor of .00030.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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

Aug 03, 2007 (4:33 am)

Replying to: Car_man (Aug 03, 2007 3:45 am)
thank you so much. i tried to get a lower rate through 3 different dealerships, and nobody could match it. So, I figured it was the best i could do. I leased the car, but now i see that the money factor is .00050. Is this terrible? Did I truly get ripped off?
(I won't sleep until i know i wasn't)

#35 of 68 Urgent Help with Quest SE Lease!! by tbraverman

Aug 11, 2007 (7:09 pm)

We currently have a Lexus RX330 that has four payments of $575 left on the lease. We checked out a Nissan Quest SE fully loaded with Nav/DVD/Sunroof/Cupholders!. These are the figures:
 
1. Nissan will roll the $2300 of Lexus lease payments into payments for the Quest. Is this typical? Should Nissan eat the final four payments as an incentive to lease a Nissan to me or it is usual practice for us to eat that cost? In other words, should that $2300 be added to the cost of the Quest?
 
2. MSRP on the Quest SE is $39780 based on sticker (37,780) + $2000 for the Nav system.
3. Dealer indicated his Cap Cost was $36,551. If anyone can tell me how/where to find Invoice, I would appreciate that.
4. Residual was 45% (that seemed low to me - our Lexis was 49%, but a 48 month lease term)
5. Lease is 39 months - 0% down, only first payment and DMV charges.
6. Money factor was .00050.
 
Dealer first gave us a monthly of $733 - yeah right!!. We finally got him down to $600. Is that a fair price with Nissan rolling the extra $2300? Am I being totally ripped off??
 
Thanks - any advice is appreciated.
 
Todd

#36 of 68 Re: lease deal - good or bad? [mich0222] by Car_man HOST

Sep 12, 2007 (3:04 am)

Replying to: mich0222 (Aug 03, 2007 4:33 am)
You're very welcome, mich0222. Don't worry about your deal. You did very well. The difference between a .00030 money factor and a .00050 money factor is negligible. Plus, if you had the security deposit waived on your lease the base money factor would increase from .00030 to .00045. Enjoy your new ride .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 4 of 8

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement