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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 2 of 137

#9 of 1361 Re: Looking for MF & Residual for a 2006 Maxima SE by Car_man HOST

Oct 23, 2005 (4:42 am)

Welcome back andy2812. Here's the latest info that you are looking for. If you were to lease a 2006 Nissan Maxima SE through Nissan Motor Acceptance Corp. for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00121 and 64%, respectively. The numbers for an otherwise identical 36 month lease should be .00121 and 55%.
 
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#10 of 1361 Maxima SL vs Infiniti G35 Lease by harveyt

Oct 25, 2005 (10:06 am)

Which car leases out better with comparable equipment.
I am lookng for a 36 month 15,000 mile lease with NO CAP COST REDUCTION!!
 
Second part, does it ever pay to lease with the plan to buy out the lease at the end.
My reasoning is as follows:
If you buy the car you own it if you like it or not. If you lease and love or hate the car, you have the option to give it back or buy it out.
 
My plan is to lease the car for 3 years and then purchase it, (if we are in love with the car), for my son who will be 17 in 3 years.
 
HarveyT

#11 of 1361 Car_Man by jsb5

Nov 02, 2005 (10:10 am)

I think you were helping me on a Mustang earlier and I appreciate it. I am now looking at a Maxima (for better bad weather handling).
 
Do you know what the money factor and residual is on a 2006 Maxima SE (six-speed manual) with splash guards and floor mats from Nissan. MSRP is $32,295 and invoice is $29,364.
 
I am hoping to get it for $29,500, but would like to know the details ASAP. Thanks.
 
jsb5

#12 of 1361 Re: Looking for MF & Residual for a 2006 Maxima SE [andy2812] by andy2812

Nov 11, 2005 (7:27 am)

Replying to: andy2812 (Oct 22, 2005 6:30 pm)
Carman,
 
Can you please provide me with the money factor and residual for November for a 2006 Maxima SE w/o Navigation for both 24 & 36 months with 15K miles per year.
 
Thanks again for your help

#13 of 1361 Re: Maxima SL vs Infiniti G35 Lease [harveyt] by Car_man HOST

Nov 14, 2005 (5:10 am)

Replying to: harveyt (Oct 25, 2005 10:06 am)
Hi HarveyT. These cars' lease programs are fairly comparable this month. Nissan's 36 month, 15,000 miles per year buy rate lease money factor and residual value for the 2006 Maxima SL are currently .00161 and 57%, respectively. The numbers for an otherwise identical lease of a 2006 G35 Sedan with 2WD are .00212 and 59%.
 
Your logic about using a lease as an extended test drive is sound. If you like the car at the end of your lease, you can buy it. One of the best things about a lease is that if you feel as though its lease-end purchase price is too high, or you just don't like it, or your car has had reliability problems or been in an accident you can just walk away from your vehicle at the end of its term.
 
Car_man
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#14 of 1361 Re: Car_Man [jsb5] by Car_man HOST

Nov 14, 2005 (5:13 am)

Replying to: jsb5 (Nov 02, 2005 10:10 am)
You're very welcome jsb5. I would be happy to give you an idea of what this car's lease program is currently like. In order for me to do so I need to know how long you want to lease it for an how many miles per year you need to be able to drive it. you never mentioned either of these things in your post, so for now I will assume that we are talking about a 36 month lease with 15,000 miles per year. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 26 month, 15k lease of a 2006 Maxima SE are .00139 and 56%, respectively.
 
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#15 of 1361 Re: Looking for MF & Residual for a 2006 Maxima SE [andy2812] by Car_man HOST

Nov 14, 2005 (5:15 am)

Replying to: andy2812 (Nov 11, 2005 7:27 am)
Here you go, andy2812. According to the latest information that I have seen, if you were to lease a 2006 Nissan Maxima SE through Nissan Motor Acceptance Corp. right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00139 and 66%, respectively. The numbers for an otherwise identical 36 month lease should be .00139 and 56%.
 
Car_man
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#16 of 1361 Info request... by gidoc

Nov 23, 2005 (5:50 pm)

Car Man,
 
Thanks in advance...
 
I was hoping for current residual value and money factor on a 36 mo, 12k per year on the SE and SL. Much appreciated.

#17 of 1361 2006 Maxima SE by surfahboy21

Nov 23, 2005 (7:10 pm)

Hey Car Man,
 
I was wondering if I could get the most current money factor and residual value percentage for a 2006 Maxima SE, 12,000 miles a year, on either a 36 or 39 month lease. The MSRP for the exact model I want, in case it makes a difference, is 32,295. Thank you so much.

#18 of 1361 Attn Car_Man: Can you look at these lease details? by jpetty

Dec 07, 2005 (1:39 pm)

Still waiting on the car to come in from the factory (next week sometime). I put down $250 to secure my name to the car when it comes in. Haven't signed papers yet, but here are the details of the deal we struck.
  
'06 Maxima SL
   Bluetooth system
   Splash Guards
   Floor mats
MSRP = $31,195
Cap Cost = $28617 (Invoice + $100)
Lease Terms = 36 months/12K miles
Residual = 58%
Money Factor = .00176
Cash Down = $3000
Cap cost reduction (after fees and taxes on CCR) = $1682.44
Pre tax monthly payment = $324.85
After tax (9.1%) monthly payment = $354.41
  
Thoughts on my deal? I normally hate putting money down on a lease, but I really wanted to keep my payments at $350/month. Obviously I can still back out as I haven't signed any papers, so I'd love to hear feedback on this. I'm also interested in hearing about everyone elses's experience with dealer/NMAC fees and if they were able to negotiate any of them down. Here's the breakdown of why my cap cost reduction was reduced from $3000 to $1682.44.
  
   $3000 : Cash down
- 354.41 : First month payment
- 175.00 : License fee
- 35.00 : Doc fee (basically a dealership filing fee)
- 550.00 : NMAC lease admin fee
- 203.15 : Tax on my down payment
= 1682.44: Actual cap reduction
  
Thanks!

Messages Page 2 of 137

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