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Nissan Frontier Lease Questions

39 messages,  Last post on Oct 10, 2008 at 3:27 AM

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#10 of 39 Get out? by jimbob72 Oct 12, 2006 (9:18 am)
1) I am 2 years into a 5 year lease. I was just given a company vehicle. Can I get out of my lease and if so, what would it cost me? 2) I am allowed 12k miles a year. If i go over, I have to pay. Will they pay me if I use less than the allowed 12k? I have used only 15k miles in 25 months. Replies to this message: Car_man (Oct 19, 2006 1:24 am)
#11 of 39 Re: Get out? [jimbob72] by Car_man HOST Oct 19, 2006 (1:24 am)
Replying to: jimbob72 (Oct 12, 2006 9:18 am) Hi jimbob72. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Community members who hang out there are often kind enough to give others who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. Unfortunately, I suspect that it is going to be fairly expensive to get out of your lease three years early. Banks do not provide refunds for unused mileage on leases.   Car_man Host Prices Paid Forum
#12 of 39 07 frontier LE lease info by psusrah Dec 07, 2006 (9:29 am)
Hello everyone!   I am new to the leasing world, but I would consider myself somewhat educated on the subject. I am condsidering leasing an 07 Frontier King Cab LE V6 4X4 Automatic. I got a great price from CarsDirect.com on their website. Can you tell me the current lease rates for tier 1 credit and residuals? For a 24 or 26 month lease, 12K miles/year.   I am also considering an SE model (to lower the payments in the case I am unable to find a good deal) as well as comparing the Toyota Tacoma, which is a little higher.   Any information would be helpful. Thank you so much in advance!   Sarah Replies to this message: Car_man (Dec 13, 2006 3:16 am) psusrah (Dec 13, 2006 2:41 pm) Car_man (Jan 22, 2007 3:28 am) and 1 more...
#13 of 39 2006 SE 4X4 lease info by viper2 Dec 08, 2006 (11:07 am)
Hi Carman.   I know this is a little last minute, but I am going to stop by the Nissan dealer tomorrow morning. I am looking at a 2006 Frontier SE Kingcab 4X4 with auto and power package.   What is the money and residual for a 3yr/45,000 mile lease? And, is there a security deposit required?   Thanks,   Peter Replies to this message: Car_man (Dec 13, 2006 3:20 am)
#14 of 39 Re: 07 frontier LE lease info [psusrah] by Car_man HOST Dec 13, 2006 (3:16 am)
Replying to: psusrah (Dec 07, 2006 9:29 am) Welcome Sarah. 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.   Here is the specific information that you are looking for about this truck's lease program. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 24 month lease of a 2007 Nissan Frontier King Cab LE 4WD with 12,000 miles per year are .00146 and 60%, respectively. The numbers for an otherwise identical 36 month lease are .00182 and 52%.   Let me know if you have any other questions.   Car_man Host Prices Paid Forum Replies to this message: psusrah (Dec 13, 2006 2:41 pm) Car_man (Jan 22, 2007 3:28 am) psusrah (Jan 22, 2007 9:47 am)
#15 of 39 Re: 2006 SE 4X4 lease info [viper2] by Car_man HOST Dec 13, 2006 (3:20 am)
Replying to: viper2 (Dec 08, 2006 11:07 am) Here's the info that you're looking for, Peter. Nissan Motor acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2006 Nissan Frontier King Cab SE 4WD with 15,000 miles per year are .00182 and 54%, respectively. NMAC charges a security deposit equivalent to vehicles' monthly payment rounded up to the nearest $25 increment at lease signing. It will waive its security deposit requirement in exchange for an increase of .00015 in the money factor that is used to calculate your vehicle's monthly payment.   Car_man Host Prices Paid Forum
#16 of 39 Re: 07 frontier LE lease info [Car_man] by psusrah Dec 13, 2006 (2:41 pm)
Replying to: Car_man (Dec 13, 2006 3:16 am) Hi and thanks!!! I have been reading leaseguide.com but I will definitely check those out. .00146 money factor!!! Holy crap, I have been getting quotes of .00310 is that right??? for tier 1 credit?? Replies to this message: Car_man (Jan 22, 2007 3:28 am) psusrah (Jan 22, 2007 9:47 am)
#17 of 39 Re: 07 frontier LE lease info [psusrah] by Car_man HOST Jan 22, 2007 (3:28 am)
Replying to: psusrah (Dec 13, 2006 2:41 pm) No problem, psusrah. A money factor of .00310 is way too high for a 2007 Nissan Frontier. Heck, that's worse than Nissan's standard lease money factor for consumers who qualify for your credit tier. Let me know if you have any other questions.   Car_man Host Prices Paid Forum Replies to this message: psusrah (Jan 22, 2007 9:47 am)
#18 of 39 Re: 07 frontier LE lease info [Car_man] by psusrah Jan 22, 2007 (9:47 am)
Replying to: Car_man (Jan 22, 2007 3:28 am) That's strange about the money factor... I asked several dealers for a quote and I asked about the money factor. Almost all said .00310 right from NMAC. What's that about?   I am waiting too see if I get a new job before I make any purchase/lease decisions, but I still want a frontier.. but I don't want to pay that high of a rate. I feel I shouldn't have to.   Sarah
#19 of 39 07 Frontier SE Crew 4x4 by ddavy Apr 10, 2007 (12:39 pm)
Hi there,   Can anyone help: Is this a good deal:   Crew Cab 4x4 SE with value package MSRP 24800 Selling price: 24000 Resid: 56% 39 months Money Factor .00234 $991 total due at signing $409 a month   This is a Cincinnati dealer   Thanks,   Darryl Replies to this message: Car_man (Apr 20, 2007 3:04 am)

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