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Nissan Sentra, Car Leasing, Sedan
#3 of 112 Re: Thought I would ret here, thanks [aman74]
Nov 13, 2005 (7:45 am)
Hi Anthony. Even though the 2006 Sentra currently has $2,500 customer cash available on it and the 2006 model has $1,500 on it, these cash incentives are not compatible with these cars' special lease programs. Nissan is currently only providing $750 lease cash on both the 2006 and 2005 Sentra. I would be happy to give you an idea of what this car's lease program is currently like.
Most manufacturers' advertised lease payments, like the one that you provided the link to in your post, leave a little meat on the bone so to speak. Dealers would be pretty angry at a manufacturer that advertised an unbelievable skinny deal on a vehicle. I would not be surprised if you were able to negotiate a more attractive selling price on the Sentra that you are interested in than they one that was used to arrive at the advertised lease payment. If you are able to do so, your car's lease payment would be lower.
If your current leased vehicle is actually worth more than its purchase price at this time, the dealer that you are working with would be able to get you out of your current lease early and possibly even have some equity left over to apply to your new lease.
Nissan's current lease program is scheduled to run through November 30th, so there's no need to rush out and finalize your deal immediately.
Each bank has a different policy on how it allows its lessees to purchase their leased vehicles. Many banks will deal directly with consumers. You will be better off if you can deal directly with Nissan Motor Acceptance Corp., or whichever bank you are leasing through. Involving a dealer usually does nothing for you except line their pocket.
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#4 of 112 Re: Thought I would ret here, thanks [Car_man]
Nov 14, 2005 (7:57 am)
Thanks much for the info.
Yeah, I tried to deal directly with NMAC and they said no and said only through the dealer.
I may just end up purchasing this vehicle. I have tier one credit, but no current employment so I will most likely have to deal with NMAC as I am pre-approved with them.
If I could shop around for loans I would get pre-approved and maybe take my business to another dealership and automaker. The new GM program looks like it may offer some value.
I can get a co-signer if I absolutely have to, but would rather not go that route.
If I did lease a new Nissan, could I negotiate the price and then subtract the 750 Lease money and possibly be under invoice and still allow the dealership a profit?
Say the car is 15000 invoice and I negotiate 15500 and then subtract 750. Would they still get there 500 profit? I'm fine with them getting that as they should, I just don't know how the numbers work with the 750 lease cash.
Thanks for taking the time!
#5 of 112 Re: Thought I would ret here, thanks [aman74]
Nov 15, 2005 (3:34 am)
No problem Anthony. A friend of mine recently tried to purchase his leased Nissan at the end of his lease and was also told by NMAC that they had to deal with a dealer. This is strange because most banks do not operate this way. It's also unfortunate, because the dealer tacked on its own fee to the lease-end purchase of the vehicle.
If you were able to negotiate a selling price of say $500 over invoice before the deduction of the $750 lease cash, then yes your vehicle's final capitalized cost would be below invoice, but the dealer would still be making a profit because Nissan pays for the incentives not dealers.
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#6 of 112 2006 Sentra 1.8S SE MF and residual
Aug 15, 2006 (3:28 pm)
Could you give me the current money factor and residual value on a 2006 Sentra 1.8S with SE package for a 36 months 12K lease?
Do you know if the $2,250 rebate can be applied towards the leased car?
Thanks a lot
#7 of 112 06 sentra Lease
Aug 22, 2006 (8:31 am)
I am pricing out an '06 sentra 1.8 s Special Edition package lease (with the ABS package and sunroof) MSRP approx 18k. (Nissan is running the special edition package $500 , usually $2500. I priced the car at 39 months , 15k/year, 999 down (total includes tax), $199/month. any suggestions. . . . is this a good deal?
#8 of 112 Re: 06 sentra Lease [jlouka]
Aug 22, 2006 (4:26 pm)
It is a good deal in my judgement.
#9 of 112 Re: 2006 Sentra 1.8S SE MF and residual [evguenir]
Sep 28, 2006 (1:25 am)
Hi evguenir. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2006 Sentra 1.8S with 12,000 miles per year are .00012 and 45%, respectively. The $2,250 customer cash that Nissan is providing on this car is not compatible with this special lease program, but Nissan is providing $1,000 lease cash that is. Make sure to take this $1,000 into account when negotiating your car's capitalized cost.
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#10 of 112 Re: 06 sentra Lease [jlouka]
Sep 28, 2006 (1:26 am)
Hi jlouka. You never mentioned the selling price of the Sentra 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 car 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 the selling price is.
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#11 of 112 Sentra Lease and credit score
Nov 07, 2006 (11:47 am)
Hi Carman...my sister is looking to get her first leased car and I am helping her out. We are looking at the entry level cheapest lease possible type of cars. Her credit score is not high enough to qualify for top tier credit but I know that many of the subsided leases only require an average credit score to get the good terms. Do you know if that is the case for the Sentra's current deal or of any other vehicles? Thanks as always
#12 of 112 Re: Sentra Lease and credit score [pktrckt]
Nov 19, 2006 (4:44 am)
Hi pktrckt. I don't know the exact cutoff in terms of what credit score is necessary to qualify for Nissan Motor Acceptance Corp.'s best lease program, but NMAC is not nearly as restrictive as Toyota or Honda are. For now I can give you an idea of what this car's lease program is like. I am going to have to make some assumptions about the trim level, term, and mileage allowance. For now I will assume that you are interested in a 36 month lease of a base 2007 Sentra 2.0 with 15,000 miles per year. Let me know if you want something different. NMAC's current buy rate lease money factor and residual value for a 36 month lease of a Sentra 2.0 with 15,000 miles per year are .00239 and 56%, respectively.
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