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Nissan Xterra: Lease Questions

49 messages,  Last post on May 28, 2009 at 3:52 AM

You are in the Nissan Xterra Forum.

What is this discussion about? Nissan Xterra, Car Leasing, SUV

Messages Page 3 of 6

#18 of 49 Re: 06 se 4wd [eagles2] by tinycadon

Oct 26, 2006 (4:52 am)

Replying to: eagles2 (Oct 25, 2006 7:13 am)
I can't tell you about your lease payments but I can tell you this, DO NOT roll that $1,900 into the lease!!!!! Get them to cut you a check for the vehicle and pocket the money. A) It's not going to significantly reduce your payments. B) You can use that money to make your initial 4 or 5 payments and most importantly C) If you drive that vehicle off the lot, get into a wreck and total the vehicle, you will not get back 1 dime of that down payment from the insurance co. When you lease, and total a vehicle, they will only pay out the balance that is left on the lease, they will not pay out the total value of the vehicle. So if your truck is worth $23.5 and you only owe $21.6 on the lease, you will only get $21.6 in the settlement meaning your $1,900 is out the window!

#19 of 49 Re: 06 se 4wd [tinycadon] by eagles2

Oct 26, 2006 (12:22 pm)

Replying to: tinycadon (Oct 26, 2006 4:52 am)
I should have clarified the $1900. This is not equity, this is the difference of the trade in value and the balance owed on the vehicle.

#20 of 49 Lease question by nanbakat

Nov 14, 2006 (2:00 pm)

I'm looking at leasing a 2007 XTerra Off-Road edition with 4X4 for 36 months and 15,00 miles a year. (I'd put zero down and only pay TTL and first month's payment at lease inception.)
 
My question:
 
What is the best money factor available to me from NMAC? (I recently pulled my credit report and my credit score is over 800.) Correct me if I'm mistaken, but can someone with great credit like me haggle over money factors applied to leases? I've looked at a lot of the bulletin boards for leasing Nissan vehicles and it seems that the money factors on Nissan leases are all over the map. How is the money factor figured out? Does the finance manager look at a sliding scale, a computer screen, or does he just pull it out of thin air? Does it vary by the model you buy or does it vary by the customer who signs the lease?
 
What would be the money factor on a lease like this?

#21 of 49 Re: Lease question [nanbakat] by tinycadon

Nov 14, 2006 (7:56 pm)

Replying to: nanbakat (Nov 14, 2006 2:00 pm)
Sounds like this lease is a special financing lease by Nissan since you're not putting any money down other than the TTL + 1st month's payment. If that's the case then the money factor is set, there's no negotiating it.

#22 of 49 Re: 06 se 4wd [eagles2] by Car_man HOST

Nov 19, 2006 (5:57 am)

Replying to: eagles2 (Oct 25, 2006 7:13 am)
Hi eagles2. You probably would be better off paying the $1,900 that you are upside down on your current car off on your own than rolling it into your new lease. I can estimate what this truck's lease payment will be with and without it for you. According to my calculations, if you were to lease a 2006 Nissan Xterra SE 4WD with an MSRP of $28,885 and a selling price of $25,622 through Nissan Motor Acceptance Corp. right now for 39 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $337. If you were to roll the $1,900 in negative equity into your lease, it would increase the monthly payment to around $388.
 
Car_man
Host
Prices Paid Forum

#23 of 49 Re: Lease question [nanbakat] by Car_man HOST

Nov 19, 2006 (5:59 am)

Replying to: nanbakat (Nov 14, 2006 2:00 pm)
Greetings nanbakat. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2007 Xterra Off Road 4WD with 15,000 miles per year are .00221 and 51%, respectively. Nissan's lease program varies by model. This is the best possible money factor that is available on this model. Haggling will not get you a better factor than this.
 
Car_man
Host
Prices Paid Forum

#24 of 49 Great low payment...how did you get that figure? by nanbakat

Nov 20, 2006 (12:08 pm)

Car_man:
 
You wrote to eagles2:
 
 "if you were to lease a 2006 Nissan Xterra SE 4WD with an MSRP of $28,885 and a selling price of $25,622 through Nissan Motor Acceptance Corp. right now for 39 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $337."
 
25,622 is a VERY good price for this vehicle. How did you arrive at that price figure? Is that invoice pricing minus some sort of year-end closeout incentive?
 
What money factor did you use to calculate that lease payment? It seems that Nissan likes 39 month leases and gives better interest rates on 39 month leases as opposed to 36 month leases.

#25 of 49 Re: Great low payment...how did you get that figure? [nanbakat] by Car_man HOST

Dec 13, 2006 (5:12 am)

Replying to: nanbakat (Nov 20, 2006 12:08 pm)
Hi nanbakat. $25,622 is the selling price that eagles2 told me he was able to get this truck for in the post that I was replying to. I am not sure where eagles2 got this number from, but I assume that it was a quote from a dealer. NMAC's current buy rate lease money factor and residual value for a 39 month lease of a 2006 Xterra SE 4WD with 15,000 miles per year are .00125 and 50%. Nissan's 39 month term provides the lowest available money factor on this model right now.
 
Car_man
Host
Prices Paid Forum

#26 of 49 Does this seem really high? by jbs7

Feb 26, 2007 (3:02 pm)

Hi everyone,
I'm attempting to lease a 2007 Nissan Xterra SE in the Toledo, OH area. I'm looking to lease it (39 months, 12,000 miles) with nothing down and am finding my offers to be much higher than I anticipated. My offers thus far:
$560 a month - joke
$480 a month - too high
$448 a month - my best offer but still seems very pricy
This is my first time dealing with Nissan. Are they not a good company to lease from? Is buying the way to go with them?? $26,481 is the lease price...$28,628 is the out the door pricing on a purchase.
 
Thanks in advance!

#27 of 49 Re: Does this seem really high? [jbs7] by sidneydawson

Feb 27, 2007 (10:01 pm)

Replying to: jbs7 (Feb 26, 2007 3:02 pm)
Generally, Xterras don't lease out well. Most lenders think of them as off-road vehicles that are going to get driven HARD and therefore returned in rough shape. Pickup trucks are similar when it comes to leasing in my opinion. Its definately a "buy" vehicle. If your heart is set on leasing, you may get more value out of something else.

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