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Nissan Maxima: Lease Questions

1361 messages,  Last post on Apr 27, 2013 at 10:41 AM

You are in the Nissan Maxima Forum.

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

Messages Page 5 of 136

#41 of 1361 Maxima Sl lease price by silver10

Mar 13, 2006 (1:18 pm)

Hi Car_MAn,
Trying to follow the forum with regards to a Maxima SL and what a good lease price is. I have not leased before and am trying to understand the residual value and money factor. I know that I want to spend around $350 a month with no money down. Is that being unrealistic?
 
Appreciate any advice
 
Thanks in advance,
Silver10

#42 of 1361 Re: Attn Car_Man: Can you look at these lease details? [josiepusscats] by Car_man HOST

Mar 21, 2006 (6:40 pm)

Replying to: josiepusscats (Feb 23, 2006 9:48 am)
Congratulations on your new car, josiepusscats. Thanks for taking the time to share the details of your deal with everyone.
 
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#43 of 1361 Re: Re: Re: maxima [jyim] by Car_man HOST

Mar 22, 2006 (3:39 am)

Replying to: jyim (Mar 04, 2006 5:31 pm)
Hi jyim. I'm not sure if the $29,870 price that you mentioned in your post is this car's MSRP or selling price. It would be a big help if you would provide me with both numbers. Once I know them, I'll give you my opinion of this deal. For now I can tell you that I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Maxima would be exactly the same, regardless of whether you had put $2,500 down, or had made absolutely no down payment at all. If I was leasing this car, I would only pay its first month's payment and security deposit at signing. You can pay NMAC's lease acquisition fee and any required state fees at signing as well if you want, but that is the most that I would pay if I was in your situation.
 
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#44 of 1361 Re: Money factor and residual for March [dxcoqui] by Car_man HOST

Mar 22, 2006 (3:42 am)

Replying to: dxcoqui (Mar 06, 2006 12:56 pm)
Here's the information that you are looking for, dxcoqui. If you were to lease a 2006 Nissan Maxima SE through Nissan Motor acceptance Corp. right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00095 and 53%, respectively. NMAC charges an acquisition fee of $550 on all leases.
 
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#45 of 1361 Re: Nissan SE Lease Help [tiger1414] by Car_man HOST

Mar 22, 2006 (3:45 am)

Replying to: tiger1414 (Mar 08, 2006 9:23 pm)
Greetings tiger1414. The good news is that the money factor and residual value that you were quoted for this car are right in line with Nissan's current base lease program for it. The bad news is that you never mentioned its selling price. This does not mean that you are getting a bad deal, just that it is difficult to tell what sort of deal you are getting. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I would be happy to share my thoughts on this deal with you if you let me know what this car's selling price is.
 
Car_man
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#46 of 1361 Re: Maxima Sl lease price [silver10] by Car_man HOST

Mar 22, 2006 (3:48 am)

Replying to: silver10 (Mar 13, 2006 1:18 pm)
Welcome silver10. 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.
 
I would be happy to estimate what the monthly payment of the car that you want to lease should be, but in order for me to do so I need some additional information from you first. This info includes this car's full MSRP (with the destination charge added in), its approximate selling price, how long you want to lease it for, and how many miles per year you need to be allowed to drive it.
 
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#47 of 1361 Re: Re: Re: maxima [Car_man] by jyim

Mar 22, 2006 (7:47 pm)

Replying to: Car_man (Mar 22, 2006 3:39 am)
Long Island, NY
The MSRP on 06 Maxima SE vehicle was $28970.00(?).(Floor mats, splash guard and tail.)
Paid Deposit $2074.99 Cash
Trade In $1200.00(99 Hyundai Sonata SL w/121000) and paying $309/35 Mos 15000 miles Yr.
 
Gross Cap $25850.00
Cap Cost Reduction $780.00
First Month $309.08
Refundable Security Deposit $350.00
Reg Fees $149
Tax on Cap Cost Reduction $67.28
Sales Tax $959.69
Acquisition $597.44
NY Tire fee $12.50
Doc Fee $50.00
 
Residual $15324.95 at end of lease
 
How did I do?

#48 of 1361 lease vs buy by pcneustadter

Mar 23, 2006 (9:29 am)

i currently have a 97 se 105k and am considering a new car i have never leased before always bought new .how do you determine weather it is better to lease or buy

#49 of 1361 Residual on a 2003 Maxima GLE by falsetta

Mar 23, 2006 (1:32 pm)

Does anyone know what the residual is/was on a 2003 Maxima GLE?
 
Thanks
tfalse99yahoo.com

#50 of 1361 Re: lease vs buy [pcneustadter] by Car_man HOST

Apr 11, 2006 (3:36 am)

Replying to: pcneustadter (Mar 23, 2006 9:29 am)
Welcome pcneustadter. 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.
 
Whether you should lease or buy this car depends upon how good its lease program is. Once you have decided upon the exact Maxima that you want, describe it to me and I can give you an idea of what its current lease program is like. You can then evaluate its money factor by multiplying it by 2400 to convert it into an approximate money factor equivalent. If this car's residual value is high and its money factor is low enough, you may want to consider leasing it. You just have to decide whether it is attractive enough to beat the 3% 5 year finance rate or $1,500 customer cash that Nissan is offering on the '06 Maxima.
 
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