AR-15

Hello I'm looking at purchasing a New SE with Driver preferred package and sunroof. I would like to see what everyone else is paying for there Maxima lease. I'm looking for a 36 month sign and drive deal.


Thanks AR

Reese

LEASE ??? You'll wish you had bought the car man...

walsh03

Hey there AR..... Leasing is not for everyone. If you are an independant business owner than it makes sense to lease unless you dont mind giving out all that cash without being able to write it off. If you have your own business go for it cus you can write off the entire payment at the end of each year. Just remember though, you will not own any part of that car, you're just renting it basically. Also dont forget to negotiate the residual valaue and the purchase price even if you are leasing. Alot of people dont do that. Just make sure you're making the right decision.

Mike_TX

Nothing wrong with leasing, AR. It saves you a heck of a lot of monthly cash, keeps you from tying up extra money for 3 years and provides a guaranteed buy-back at a predetermined price. For people who don't like to keep cars forever, it makes more sense than "lending" some finance company your money.

Mine is a lease, but my payment amount won't make any sense because I put trade-in money down to reduce it further. I'd estimate you could do a no-money-down lease on that car at probably $350-375/mo. Used to be an informal rule of thumb that it costs about $13 per $1,000 of lease amount (but don't rely on it).

Beats the heck out of financing it for maybe $700/mo., then having to haggle with some used car mgr. for trade-in value 3 years later!

Mike

CanadianMoFo

I leased mine too. I know it will cost more money in the end, rather than financeing the vehicle. And I'm ok with that. With crazy repair costs that keep going up and up, I don't want to own a car past its warranty.

CM.

AR-15

I do own my own small business that is the main reason that I prefer a lease. So if I can get them to agree to a $350 monthly with no money down isn't that the same as negotiating the price then working my payment off the price. Also what is a good residual value on a 36 month lease, 50% of the selling price?


Thanks, for all the help......

MARC1974

I Leased My Car No Money Down 360.00 A Month

walsh03

AR, Read up on negotiating a lease. There are a few factors that you should be aware of. Certainly if you can negotiate a lease payment outright at around $350.00 a month, that sounds pretty good. But if you plan on buying the vehicle after you have fulfilled your lease for 36 months than you will have wanted to negotiate the residual value of the vehicle which can vary depending on your location. There are a few terms that I learned about such as money factor and residual value that you should at least look into before leasing.

The residual value of the car is what they estimate the cars value at at lease end which takes into account the normal wear on the vehicle and the depreciation over time and so on. The money factor is what they use to determine the values which again are what the dealer estimates.

Definately negotiate the price of the car like you would do if you were buying it, then talk lease. Make sure that you are not getting screw*d on mileage. If you go in and say I want my lease payment to be $350.00 per month, than chances are you're probably getting 12k miles a year or less if you fail to negotiate properly.

If you go to edmunds.com or similar they have some info on leasing. I know a couple of folks who did not read up on leasing and got hosed so I just want to make sure you get the right price. I know I did not cover it all, but I didnt want to ramble or sound like I know what I am doing, because they(dealerships), can be crafty when it comes to designing your lease. Good Luck

DansMax3

Couldn't agree with you more, Mike. Unless you plan on keeping the car for a very long time, leasing makes sense to me.

AR-15

What would be a good residual value after the 36 months 50% 60% depreciation?

You guys have been great help>>>>>>


Thanks, Dave

ocuihs

From NissanUSA.com (Offer ends 05/03/2004):


2004 Maxima SE Auto w/Audio Pkg and Sunroof — 36 MONTHS — $399/MONTH — $1,999/INITIAL PAYMENT

AR-15

Just got back from my local dealership and the best deal they can come up with is $0 down $450 a month for a 39 month 12k 53% residual on a 2004 SE, DPP, SP. DO you guy's think I can get them to go lower?


Thanks, AR

CoolMax

iTrader: (7)

My rule of thumb: lease a car you can easily afford to buy.
I think people start to get in trouble when they use the mentality of getting a better car for the money.
~$17k can get you decent used car.