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Prices Paid: Buying & Leasing Experiences Nissan Rogue Lease Questions
231 messages, Last post on Nov 23, 2009 at 3:17 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: kyfdx (Oct 24, 2008 3:21 am) I do enjoy reading these posts and thank you for your input. I am not trying to sell anyone on the idea that leasing or buying is the right thing For us, we think leasing works. and the #'s dont seem to sway me back to buying (at least not yet they dont). |
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Here's the deal I have on the table- do I go for it? I'm in Atlanta, GA, I know my credit is solid, and I trust this dealership (got my last car there): '09 SL FWD Leather Gotham Black ext/grey leather interior Premium package, rear spoiler, roof rack, etc. No moonroof 3 options for a 39 month, 12K/yr deal: $0 down (absolutely nothing) = $399/mo (including taxes) $1,000 down = $369/mo (incl taxes) $2,000 down = $339/mo (inc taxes) On all of the options above, they'll cut me a check for $612 to cover my last 2 lease payments on '06 Altima. I believe manager stated he's giving car to me for $27,395. Help, please!
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Replying to: cargalga (Oct 24, 2008 12:22 pm) 39 X 399 = 15,561 (over the 3 years) 39 X 369 (+1000) = 15,391 39 X 339 (+2000) = 15,221 If you can afford the 399 payment I would keep the 2000 down and invest it over 3 years you are likely to make close to the difference of $340. I would save the $2000 and invest it.
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GMAC has capitulated on $23,000 residual on 05 Tahoe (34,000 miles, 21 mpg hwy), offered for $17,804 w/2 payments left, net purchase price $16,667 through leasing dealer. I can put new tires ($650), get certified for $400-500 w/12 mo bumper to bumper warranty and 4.9% for 48 mo. Can put $2,000 down to get payments down to around $360. Considering option: Lease 09 Rouge. Local dealer1 quoted on SL w/FWD, prem pkg, leather and sunroof, $389/mo (includes sales tax) 39 mo term w/$1,000 cash for 1st month and fees. Selling price $25,750, 61% residual of $16896.55, .003 money factor, 12,000/yr. Dealer2 quoted on 08 Rouge same equip as 09, 39 mo term, $1,006.65 cash, $392.77/mo, 58% residual of $16,344.40, .002 money factor, 12,000/yr. Bottom line issue, Tahoe when paid off is 8 years old, worth a little something, with more costly fuel. Rouge would fit needs, I know 09 would be best choice, liked 09 Murano but $100 more/mo. After 39 mo of lease payments on Rouge, would be in same boat as I am now. Might roll dice and holdout 2 mo to see if GMAC makes deal more attractive and/or lease rates/incentives change w/Nissan.
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Replying to: murf01 (Oct 24, 2008 5:20 pm) I wound up getting the car yesterday. The deal was 39 mo, 12K/yr, $347/mo- all taxes included (which are 7% in my county) I only put down the first payment- that's it. Tried to trim a few extra dollars off- but it wasn't happening. Ultimately I think I still got a very good deal. Enjoying the car so far...
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Replying to: cargalga (Oct 27, 2008 11:24 am) |
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live in new york city. looking to lease a rogue. got an offer from 1 dealer on 2008 sl awd premium w/leather. 12k 39mth lease. $370mth. only first payment due at signing. wondering if this was a good deal or if i should look at the 09's? an what can i expect to pay for lease? tnx michele.
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Replying to: mrio (Nov 04, 2008 1:01 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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