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Prices Paid: Buying & Leasing Experiences Nissan Rogue Lease Questions
230 messages, Last post on Nov 02, 2009 at 9:57 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: nagy (Oct 13, 2008 9:18 am) Banks have always used different criteria to determine who qualifies for their top credit tier anyhow. If you believe that your credit is in good shape, but this dealer is telling you otherwise, you may be able to clear this up by getting a quote from another dealer. If you hear the same thing about your credit elsewhere it is probably true. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: aeropostel (Oct 19, 2008 5:39 pm) You could lease a loaded out Ford Edge, Subaru Forester, bigger vehicles, for $350 a month. I would definitely ONLY consider buying the Rogue for about $430 a month on a 72 month loan. Don't lease this thing.
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Replying to: djhalptert (Oct 20, 2008 11:20 am) thanks
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Replying to: aeropostel (Oct 20, 2008 1:56 pm) |
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Replying to: Car_man (Oct 12, 2008 4:37 pm) |
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MSRP 29,155 24 months money factor was like 0.004... (seems high?) Payment was $490.81 for 24 months 2009 Rogue SL AWD Purchased in Illinois.
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Replying to: murf01 (Oct 22, 2008 6:16 pm)
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Replying to: indianajohns (Oct 22, 2008 7:04 pm) So we see this as the same cost per year as trying to buy, but we are not locked into 5 + years of the same car.
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Replying to: murf01 (Oct 23, 2008 4:29 am) 2. You wouldn't have had to keep the car for more than 2 years. That's the beauty of owning. You are not "LOCKED IN" for 5 years just because that's the loan term, it isn't a lease. 3. When you're sick of the car you get rid of it. After 2 years payoff would be $16K. Are you telling me a Nissan is going to depreciate $13,000 in 2 years time? Residual is over 70% on a 2 year lease for a reason. Because it's worth 70 some percent after 2 years. $490 a month on this $29,000 lease is just unimaginable to me. Should've bought it. People lease to LOWER their monthly payments, usually by a significant amount. I would use the general rule if you can't save $100 over a regular bank loan, BUY IT. PS: My mistake. $27K at 60 months 3.9% would be $496. So for a grand total of $144 more you could've owned it. The residual value on a 24 month lease is over 70% so after 2 of your 5 year bank loan you would've owed $16,000 and it would've allegedly been worth $20,000.
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Replying to: indianajohns (Oct 23, 2008 8:04 pm) Also.. Just because Nissan is willing to write a lease at 70% residual, doesn't mean the vehicle will be worth 70% in two years.. Either that is their guess... or, they are willing to use that residual to subsidize the lease. Plus.. most people trade their cars in.. Could a $29K Rogue have a trade-in value of less than $17K in two years? I would bet on it... Do I think the Rogue is a good lease value? Not at all. Do I think it would be cheaper to buy it, then trade it in after 24 months? Nope.. If they know they only want it for two years, they probably made the right choice. regards, kyfdx
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