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Nissan Quest Lease Questions

43 messages,  Last post on Aug 12, 2008 at 1:58 AM

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#24 of 43 2007 Nissan Quest SE Lease by barcap Apr 09, 2007 (6:43 am)
I'm interested in a 2007 Nissan Quest SE fully loaded with Navigation and Carpeted Floor Mats. Can anyone provide Residual Value %ages and Money Factors for a 39 month lease? I currently have a dealer quote for a sign and drive deal (no money down other than first mo. payment and registration fees) for $513/month for 39 months (tax included). This reflects a $2000 Nissan customer loyalty incentive but no other cash down on my part).   However, the exterior color (Black) and interior color (Chili) that my wife wants are nowhere to be found in our area (NY tri-state). In fact, the fully loaded SE's with Navigation seem to be an extreme rarity. I've checked dealer inventories in numerous cities (Philly, Boston, DC) and only came up with two vehicles in the wrong colors. If the deal is a good one, how likely will it be that the dealer a) can find the vehicle and b) if he has to order it from the factory will honor the quote? Replies to this message: Car_man (Apr 23, 2007 2:27 am)
#25 of 43 Re: Nissan Quest: Lease Questions [saab510] by Car_man HOST Apr 23, 2007 (2:13 am)
Replying to: saab510 (Apr 05, 2007 12:06 pm) Hi saab510. You may be able to roll part of the negative equity that you have in your current ML500 into a new lease, but unfortunately probably not the entire $10,000. Banks place caps on the amount that they will finance on leased vehicles. I am not sure what cap Nissan Motor Acceptance Corp. places on leases, but let's say that it is 105% to 110% of vehicles' MSRPs. A base 2007 Nissan Quest S has a spread of around $2,000 between its full MSRP and its dealer invoice price, so even if you were able to lease one at invoice you would only be able to roll $2,XXX of negative equity into your lease. If you really want to lower your monthly payment, you should be looking to get the least expensive vehicle possible. Do you really need to get a van? Perhaps an inexpensive sedan, like a Honda Accord or a Toyota Camry would be adequate. If you absolutely need a van, you may be able to get a better deal on a Dodge Grand Caravan.   Car_man Host Prices Paid Forum
#26 of 43 Re: 2007 Nissan Quest SE Lease [barcap] by Car_man HOST Apr 23, 2007 (2:27 am)
Replying to: barcap (Apr 09, 2007 6:43 am) Here's the information that you're looking for, barcap. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2007 Quest SE with 12,000 miles per year are .00121 and 46%, respectively. Unless Nissan allows consumers to lock in lease programs on ordered vehicles, you will not be able to use this program to calculate the monthly payment on your ordered Quest, but instead will have to use the program that is available when you physically take delivery of it.   Car_man Host Prices Paid Forum
#27 of 43 Money Factor/Residuals on 2007 Quest by ooomcooo Jun 18, 2007 (11:38 am)
Hi Car Man, can you tell me what the money factor and residual is on a 39 month lease of a 2007 Nissan Quest SL with 15k miles per year? Also for 12k miles per year?   I agreed to invoice price which I think is pretty good...   Thanks in advance for the help. Replies to this message: Car_man (Jun 27, 2007 1:23 am) conger14 (Jul 02, 2007 12:38 pm) Car_man (Jul 05, 2007 2:22 am)
#28 of 43 Re: Money Factor/Residuals on 2007 Quest [ooomcooo] by Car_man HOST Jun 27, 2007 (1:23 am)
Replying to: ooomcooo (Jun 18, 2007 11:38 am) I sure can, ooomcooo. According to the latest information that I have seen, Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 39 month lease of a 2007 Nissan Quest SL with 15,000 miles per year are .00068 and 44%, respectively. This van's 12,000 mile per year residual value would be 1% higher. Dealer invoice is a very good selling price for a lease of an '07 Quest.   Car_man Host Prices Paid Forum Replies to this message: conger14 (Jul 02, 2007 12:38 pm) Car_man (Jul 05, 2007 2:22 am)
#29 of 43 Re: Money Factor/Residuals on 2007 Quest [Car_man] by conger14 Jul 02, 2007 (12:38 pm)
Replying to: Car_man (Jun 27, 2007 1:23 am) Car_man   Is the money factor and residual value still in effect for July? I live in upstate NY and I bouncing around between an 07 Sienna, 07 Odyssey and 07 Quest. I'm looking for the lowest current lease plan for 36 months at 12k miles a year. I welcome any suggestions. My wife and I have looked at the Odyssey EX (test drove one), the Sienna LE with AWD (we still get a lot of snow every year) and now the SL Quest.   Thanks Conger14 Replies to this message: Car_man (Jul 05, 2007 2:22 am)
#30 of 43 Re: Money Factor/Residuals on 2007 Quest [conger14] by Car_man HOST Jul 05, 2007 (2:22 am)
Replying to: conger14 (Jul 02, 2007 12:38 pm) Hi Conger14. On July 3rd, Nissan published a new lease program. NMAC's latest buy rate lease money factor and residual value for a 36 month lease of a 2007 Nissan Quest SL with 12,000 miles per year are .00030 and 45%, respectively. This is a great money factor, but a terrible residual value.   Car_man Host Prices Paid Forum
#31 of 43 lease deal - good or bad? by mich0222 Jul 29, 2007 (4:51 pm)
hi, I was recently quoted the following for a 2007 quest (base model): 24,300. price 39 mo.lease/12,000. miles 348.20 per month.. the dealer says he is "losing" money on me. I keep thinking they are lying and laughing behind my back! I am trying to get the monthly payment closer to $300...am i crazy to think this is possible? thanks Replies to this message: conger14 (Jul 30, 2007 4:05 am) Car_man (Aug 03, 2007 2:45 am) mich0222 (Aug 03, 2007 3:33 am) Car_man (Sep 12, 2007 2:04 am)
#32 of 43 Re: lease deal - good or bad? [mich0222] by conger14 Jul 30, 2007 (4:05 am)
Replying to: mich0222 (Jul 29, 2007 4:51 pm) find out what the money factor and residual value is and any bank fees. also, is 24,300 the sale price or MSRP? Find out those numbers then run your own calculations. If the numbers are close, then you know that "they may be losing money on you" but it's possibly a good deal. If the numbers are off, find out why. You will probably want to back out at that point and find a new dealer.   My understanding based on some info posted here a few months ago that minivan sales are down across the board for all dealers and with the new model line coming out, almost all dealers will lose money on minivan sales so...go to www.leaseguide.com and read everything there. This was the best place for me to understand how to negiotate a lease. I have not finalized a deal yet because I keep finding dealers who are inflacting the money factor or residual value or just not giving me those numbers when I ask. If a dealer can't give you the numbers, alarms should be going off!   Good luck
#33 of 43 Re: lease deal - good or bad? [mich0222] by Car_man HOST Aug 03, 2007 (2:45 am)
Replying to: mich0222 (Jul 29, 2007 4:51 pm) Hi mich0222. The dealer invoice price for a base 2007 Nissan Quest with no options is currently $23,597. If this is the exact vehicle that you are getting, then you are paying around $700 over invoice. This isn't bad, but it's not quite the "losing" deal that it was made out to be. If you are in an area that has a decent level of competition, I personally would not be surprised if you were able to negotiate a price of a few hundred dollars less over invoice. You can look up the exact invoice price of the van that you want by visiting the following section of this site: Edmunds.com - New Vehicle Pricing.   Once you have arrived at a price that you are happy with, make sure that the dealer that gives it to you calculates your monthly payment using NMAC's current 39 month buy rate lease money factor of .00030.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: mich0222 (Aug 03, 2007 3:33 am) Car_man (Sep 12, 2007 2:04 am)

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