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Nissan Sentra Lease Questions

108 messages,  Last post on Mar 18, 2013 at 4:15 PM

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What is this discussion about? Nissan Sentra, Car Leasing, Sedan

Messages Page 8 of 11

#68 of 108 Re: January Sentra SR Lease Rates [996twint] by Car_man HOST

Feb 05, 2010 (4:44 am)

Replying to: 996twint (Jan 23, 2010 5:52 am)
996twint, Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2010 Sentra SR with 15,000 miles per year are .00222 and 62%, respectively.
 
You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. :Let me know if you want something different.
 
As far as the lease payment that you saw goes. Generally speaking, manufacturers' official advertised payments do usually leave a little meat on the bone so to speak. Savvy consumers who are in an area that has a decent level of competition are usually able to negotiate lower selling prices than the ones that are used to arrive at officially advertised payments.
 
Having said this, you need to keep in mind that your effective monthly payment will likely actually be higher than the one in the ad. This is because you will have to add sales tax to the payment if your state requires it. Furthermore, consumers usually want better equipped models than the base ones that are advertised. Also, it is in your best interest to go with a zero down lease instead of making the $2,270 capitalized cost reduction that is required to arrive at the payment in the ad.
 
Car_man
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#69 of 108 Sentra SL Lease Rates by vegasviva

Mar 05, 2010 (11:32 am)

Replying to: Car_man (Feb 05, 2010 4:44 am)
Hello,
 
I'm hoping someone can help me out as I am new to lease negotiations. I am looking to lease a 2010 Nissan Sentra SL for 39 months, 12K, $0 down. The dealer quoted on a car listed online at MSRP $20230 with $1000 rebate, so it's final listing price is $19230. They quoted $278+ tax. Is that a fair price? Any info would be appreciated.

#70 of 108 Re: Sentra SL Lease Rates [vegasviva] by Car_man HOST

Mar 23, 2010 (3:59 am)

Replying to: vegasviva (Mar 05, 2010 11:32 am)
Hi vegasviva. The $1,000 incentive that you mentioned is being paid for by Nissan and has nothing to do with the dealer. That means that the dealer is essentially trying to sell you a high-volume vehicle at full MSRP, which is not a good deal. If I was in the market for a 2010 Sentra right now, I'd shoot for $500 over to straight invoice as a selling price. You can look up the exact invoice price for the car that you want over in the New Vehicle Pricing section of Edmunds.com.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#71 of 108 Sentra SL Lease rates, residual value? by soler_msports

Apr 08, 2010 (3:24 pm)

Hello Car_man
 
How are residual values figured out? Are they based on MSRP or actual selling price?
 
I have a deal on a fully loaded SL for $18,100 (MSRP of approx. $22,300). I'm only putting down enough to cover TTL, so I'm financing the whole $18,100 selling price. Using 36 months, 15k miles/year, 62% res. value and 0.0022 money factor, the difference in payment is $73/month between applying the 62% to the MSRP ($184) and to the selling price ($257) using Edmund's lease calculator. Do these numbers add up? Are these rates current (62%, 0.0022)?
 
Also, if I decide to buy to buy the car at the end of the lease, how is the selling price determined? Is it the same as the residual value determined at time of purchase? Is that price set in stone or can it be negotiated?
 
One last question; can the residual value and money factor be negotiated or are those fixed values from Nissan?
 
Thanks!
 
Javier S.

#72 of 108 Sentra SR lease by backy

Apr 09, 2010 (6:14 pm)

I have a quote from a dealer on a 2010 Sentra SR with CVT, $179/mo. for 39 months with 0 down, and first payment, tax, license up front. Is this a good deal? The advertised lease special on this car is $149/month but with about $1800 down, plus first payment and fees. So the $179 seems like a pretty good deal. Yes?
 
This is for 12k miles per year, but I don't drive more than 8k a year. Is it possible to get a lower payment for that low of miles, or is 12k as low as they'll go?

#73 of 108 Re: Sentra SL Lease rates, residual value? [soler_msports] by Car_man HOST

Apr 23, 2010 (3:07 am)

Replying to: soler_msports (Apr 08, 2010 3:24 pm)
Hi Javier. Vehicles residual values are always based upon a percentage of their full MSRPs, including the destination charge and the MSRPs of any options that are allowed to be residualized.
 
Nissan Motor Acceptance Corp.'s April buy rate lease money factor and residual value for a 36 month lease of a 010 Sentra SL with 15,000 miles per year are .00177 and 61%, respectively.
 
If the bank that you are leasing through not willing to negotiate your vehicle's end-of-term purchase option price at the end of your lease, and more often than not they aren't, then yes your car's residual value is what it will cost to buy it.
 
Nissan sets the residual value and buy rate lease money factor for vehicles. Dealers are not allowed to alter vehicles' residual values nor are they allowed to use a lower money factor than the buy rate. Many banks allow dealers to mark up vehicles' money factors to a higher rate to bake additional, hidden, back-end profit into deals. That's why it is important for consumers to find out what the buy rate is for the model that they're interested in prior to committing to lease it.
 
Car_man
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#74 of 108 $179/mo for 2.0S by backy

May 29, 2010 (2:11 pm)

If you are looking to lease a Sentra, I am seeing some very good deals advertised this weekend. Best I've seen is $179/mo. for 39 months, 12k a year, for a 2.0S, sign-and-drive (includes everything including first payment, tax, license - zero out of pocket). That compares to $189/mo from same dealer network for a Civic VP AT and $199/mo for an Elantra GLS AT (both sign-and-drive). It's even a little better than I did 2 months ago; I got $179/month, but I had to make the first payment. Got a free DVD player and portable nav system though.

#75 of 108 2010 Sentra SL Residual Value? by djjp100

Jun 23, 2010 (7:03 am)

Just wanted to know if anyone knows the current residual value and money factor on a 2010 Nissan Sentra SL...the model I want is fully loaded except for the interior accent lighting. I was told 60% with a money factor of .00160 by the dealership. It's a 39 month lease with 12k miles a year allowance. They wanted $1500 down plus $500 for my trade in and they offered me $235 a month (which seemed like a very high number). They also offered me another model without the Tech package or any premium packages for $179 a month (although it's not the color I want). Any help would be greatly appreciated.

#76 of 108 Re: 2010 Sentra SL Residual Value? [djjp100] by Car_man HOST

Jul 23, 2010 (3:47 am)

Replying to: djjp100 (Jun 23, 2010 7:03 am)
Hi djjp100. NMAC's current buy rate lease money factor and residual value for a 39 month lease of a 2010 Sentra SL with 12,000 miles per year are .00160 and 60%, respectively for consumers who qualify for its top credit tier.
 
Nissan is currently providing between $500 and $1,500 in cash incentives on leases of this car. I would be happy to tell you what the exact amount is in your region if you tell me what state you are in.
 
Car_man
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#77 of 108 Sentra 2010 Lease by paga1498

Jul 25, 2010 (11:27 am)

I am about to enter what I think is a good deal, 2.0 S with floor mats msrp 18,000ish with dest. charge. 39 month lease, 39,000 miles allowed acq. fee of 595 plus taxes & fees plus 1st mo. payment down. 395 disposition fee at end. Price 14,499 and lease for 149 / month. Zip code 14901. I don't know money factor or resid. value used. Can you help please?

Messages Page 8 of 11

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