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Vans & Minivans Nissan Quest Nissan Quest Lease Questions
43 messages, Last post on Aug 12, 2008 at 1:58 AM
You are in the Nissan Quest Forum. Your Host is Karens
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Replying to: pmannymo (Dec 19, 2006 10:36 am) Car_man Host Prices Paid Forum |
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Replying to: pmannymo (Dec 19, 2006 10:50 am) Car_man Host Prices Paid Forum |
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Can you tell me what the current money factor and residual value is on a 2007 Nissan Quest 3.5 S? MSRP is 28,830, invoice is $26,526. I agreed to buy for invoice less $2k rebate. Can you give me the info based on a 36 month lease? I know they are making money, but IYO, is that a decent deal? Thanks
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Replying to: pmannymo (Dec 19, 2006 10:50 am) First payment, taxes, security deposit, dealer fees? Watch because if you don't read the fine print a lease really isn't as good as it initially appears. If you have to fork out $3000.00 plus tax, fees, security etc etc then it's not as good a lease as you may have thought. Here's something for everyone to look at who is thinking about leasing. First: Take all of the front money the dealer wants. That can be cash or trade equity. Equity being what your trade is worth over what you owe. Example you owe $3000 but the trade is worth $5000 equity is $2000. Second: If your term is 39 months. Take all of your front money and divide that by 39 months. Third: Now take that number that you arrived at by dividing your front money by 39 and ADD it to the monthly lease payment. Now you know what the vehicle is actually costing you per month. Go one more step. Find out what payments would be if you financed it for 60 months and I think you'll find that it's pretty close to the lease payment. The thing is if you financed it for 60 months (21 months longer)then what you have in the vehicle is ALL EQUITY. I hope you find this informative. If I can help further..... let me know. Rob 
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Replying to: xmontecristox (Feb 06, 2007 8:59 am) Car_man Host Prices Paid Forum |
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Sorry this is so long. My husband and I went to purchase a 2007 Nissan Quest. Signed a leasing order for motor vehicle. The dealership didn't have what I wanted in stock so they quoted me a vehicle that they ran a search on. The form just has name and address, ss#, vin (which was left blank) and delivery date of 02/28/07, and a breakdown of the lease payments. The next morning after signing the dealership called and said the vehicle they got was a demo and has 4800 miles on it. We told them we are not interested, we signed a lease for a new vehicle not a demo. They said they would start searching for another vehicle to make it right and call back in the afternoon they didn't call back so we called. We had to keep calling to see what was going on, then they were rude about it. So I called and followed up on internet quotes from some other dealerships and they could offer an SE instead of SL same options for 6,000 dollars less. We told them we wanted our money back and the manager told us that is financial dept is closed if he want our money back we can come in "tomorrow" (which is today) between 8:30 and 5:00 for a refund to our credit card. He called the dealerships that I had the least of the two amounts from and trying to obtain the vehicle. He told me he got the vehicle from one of the dealers and i could pick it up "tomorrow" He still wanted the price that we had negotiated previously on the other car. We told him we could get that same vehicle for much less why couldn't he do the same then he gave us a bs answer about service. We put 3800 down. Well he said he would talk to his GM to see if he could match the price of the other vehicle and call back in "ten minutes" With it being the last day of the month this would of been the last day to take advantage of the incentives from Nissan. After an hour the other dealer that had one of the two vehicles called and told me that the dealership called him and try to get the vehicle. He thought to either get it for me or try to keep me from getting it from them. He advised to me that since there was no vin number he didn't have a leg to stand on and to call the credit card companies explain the situation and put a stop on the down payment. The other dealership started the transaction on good faith that we would come in over the weekend since they where closing in half an hour. Then after 8:30pm (They closed at 8:00)the dealership we signed the lease order form with called and said they would match the others price. Of course after they already closed. My husband told him "forget it", No Deal because they kept feeding us lie after lie, being rude to me why would we want to continue receiving service from them and he called over 3 hours after our last conversion ended with I'll call you in ten minutes. Then he told him you can't cancel we will keep your deposit. My husband said "You have no deposit" He had called the creditors and put a stop as advised. Then he went on to say he signed an agreement. On the flip side of the leasing order there are additional terms and agreements. It was never discussed with us. I asked my husband if he signed it. He does not remember signing any terms agreements. On our copy the part that reads I have read the terms and conditions on the back thereof and agree to them as a part of this order. It is blank no signature. My worry is what if he did sign their copy and doesn't remember? On their section for Lessee's refusal to purchase reads, if I fail to accept delivery of said motor vehicle within five days after I have been notified that it is ready for delivery, then I understand that nay deposit which I have made with this order whether by cash or by another motor vehicle turned in for trade shall be forfeited to you and be kept by you and at your option shall constitute liquidated damages for my breach of this agreement. Can they sue us for the down payment? Do I still have to pick up the van from them. What do I do 
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Replying to: ctmom (Mar 01, 2007 5:12 am) If you don't take delivery, then you are in the clear... the contract isn't complete until you have the car.. No delivery, no money changes hands, no contract.. They are trying to bully you into taking the car.. Just say no.. (I'm not a lawyer and this is not legal advice). regards, kyfdx |
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Replying to: ctmom (Mar 01, 2007 5:12 am) how can they sue you for the down payment when there was never a VIN # on the lease order? In other words, there was no car. they are trying to bully you. Just walk away. |
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Replying to: Car_man (Aug 31, 2005 4:07 pm)
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Replying to: saab510 (Apr 05, 2007 12:06 pm) I would find out what the true value of your ML500 is by going over to the "Real World Trade-In Values" forum under the Car shopping forum. There are a few dealers who deal with auctions all day/every day. they are kind enough to give you the going price on your vehicle at auction (ie trade in price). They can also give you an idea of the private sale price on a vehicle like yours. Right now you are looking at $10k negative equity. that is a lot to roll over into a new loan or lease and may not be possible. If you could, your payments probably won't be much less then the $636 you are currently paying. Your best bet may be to sell your ML500 privately and somehow scrounge up the rest of the cash to pay off the remainder of the loan then purchase a Quest used. Although I would lean toward a used grand Caravan or MPV not because they are better vehicles but simply they will be cheaper to purchase. A leftover 2006 MPV can be had for $17k-$18k because Mazda has stopped production on these vehicles. Used for several thousand less. Is the $26K the payoff amount or the total of the remaining payments? If my calculations are right, you have 40 payments left. |
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