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Nissan Xterra: Lease Questions

49 messages,  Last post on May 28, 2009 at 2:52 AM

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#20 of 49 Lease question by nanbakat Nov 14, 2006 (1:00 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? Replies to this message: tinycadon (Nov 14, 2006 6:56 pm) Car_man (Nov 19, 2006 4:59 am)
#21 of 49 Re: Lease question [nanbakat] by tinycadon Nov 14, 2006 (6:56 pm)
Replying to: nanbakat (Nov 14, 2006 1:00 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 (4:57 am)
Replying to: eagles2 (Oct 25, 2006 6:13 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 (4:59 am)
Replying to: nanbakat (Nov 14, 2006 1:00 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 (11:08 am)
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. Replies to this message: Car_man (Dec 13, 2006 4:12 am)
#25 of 49 Re: Great low payment...how did you get that figure? [nanbakat] by Car_man HOST Dec 13, 2006 (4:12 am)
Replying to: nanbakat (Nov 20, 2006 11:08 am) 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 (2:02 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! Replies to this message: sidneydawson (Feb 27, 2007 9:01 pm) Car_man (Mar 19, 2007 2:00 am)
#27 of 49 Re: Does this seem really high? [jbs7] by sidneydawson Feb 27, 2007 (9:01 pm)
Replying to: jbs7 (Feb 26, 2007 2:02 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.
#28 of 49 Dont Lease an XTERRA by nanbakat Feb 27, 2007 (9:10 pm)
After investigating an Xterra lease, I decided that the cost of leasing was too high. It made more sense to buy the vehicle than it did to lease it.   However, I did not want to buy a vehicle so instead I leased a different brand of car.   I went ahead and leased a Land Rover instead. I'm very happy with that decision, and it's a far better off-road vehicle than the X-Terra will ever be.
#29 of 49 pls help with lease xterra good deal or no by just1baby Mar 16, 2007 (8:57 am)
07 xterra everything out the door $251/mo I think 39 month lease $1000 down and old car trade in. What do you think?   Thank you!!! Replies to this message: Car_man (Mar 19, 2007 2:02 am)

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