So I just got back from the dealer.... my parents lease on their 04' Maxima is up within the month. Right now, they are paying for a fully loaded SL (except navi).... $461/mo, with 3 previous monthly car payments and mileage rolled into the lease.

We just went to the dealership (Curry Nissan, Yorktown Heights, NY) to get a price on a new Maxima and the new Altima (my dad doesn't want to pay $460 again). Tomorrow we will be going to White Plains Nissan (where our current lease is with).

My parents have perfect credit, nothing to worry about there. This would be their third Maxima. He got quoted for an 08' Maxima SL w/ drivers package at like $479... they said the best they could do is like $460. To me, these numbers are bull****.

We also talked about an Altima, and even test drove a 3.5 SL. We asked for a quote for the 3.5 Altima, w and w/o navigation. He didn't come back with numbers, but said that those numbers would be just as much if not more than the quote for the Maxima.

The lease my dad asked for is 39mo w/ 15k miles a year, $0 down (except taxes and first month payment).

Are the numbers the dealer is giving him bull****? Or are they about right? Any ideas/advice?!

Thanks in advance

 

That sounds about right. Take a $30,000 sticker, divided by two, the residual, and divide that by 36 months. You total is about $486. That is without interest/lease fees.

I'm guessing that's in the ball park.

 

That's about right.

But I heard on the radio you can lease a BMW for $350/mo and $2500 down lol...damn these Max's are getting pricey!

 

go lease an infiniti for that price...your only looking at a little bit more.

 

i work for a dealership. the reason for the payment being high is the no money down factor too. so it sounds about right for that payment. higher miles also adds too. just make sure that u ask them that they factored in lease loyalty into the number. lease loyalty=1000-2000$

 

That's gonna be an option. My parents really want to spend less per month, but my mom loves the Maxima, and literally almost cried when we tried convincing her to get a camry or accord, even the altima.

But, if they decide to dish out the money, the Infiniti is going to be looked at, definately.


Thanks for the info.

I don't understand though... when we got home we saw lease commercials for the Altima and Maxima from the same dealership... Altima was 179/mo for 24mo with 3500 down... the 3500 included taxes, first month's payment, etc.

They had a Maxima for like 279/mo with the same type of deal.

 

no its about right. hes also getting the 15k miles instead of 12k. and if hes not paying any down payment, then the price is about right. check this out.

crunch in the numbers and you'll see if theyre BSin or not.

http://www.nissanusa.com/apps/paymen...ymentEstimator

 

seems about right, and those commercials they run with low price leases those cars have no options and the amount they want down is usually to make the payment lower, thats all it is.

 

we have an 06 altima 2.5s with a lease around $200, but it didn't come many options.

thats how the industry works, yah you can lease this bmw or lexus for 250 dollars a month, but it is only for a short term with low miles and no options.

 

looks like your mother doesn't wish to buy one? it is the same body..

 

Personally I would go to a 3rd pary and purchase the dammed car. Wait a year or two and then get the next latest and greatest with the equity as a down.

 

It's about right. One reason it is so high is because they didn't put any money down.

 

Tell 'em to buy a used 4th gen instead.

 

My sister used to lease vehicles but I convinced her to buy. Think about it, your parents are paying $450+ a month for how many years and when the lease is up they drive off in?? It's kinda like paying rent vs buying a house, sure mortgage is a little higher but rent has nothing to show after years of payments. It's there money, I just don't really see why people lease unless they have money to throw away.

 

thats why the best value is in a used car.

why do u think that the second u drive the car off the lot its looses value

 

Right, but a car's value depreciates, when a house value increases. Why would you pump money into something when after time is not going to be worth much? People lease because they can write it off for taxes. There are multiple reasons people lease so saying it's just throwing money away is a VERY broadly generalized statement.

Just playing devil's advocate....

 

that's right, probably...

 

Why thank you

 

how come the leases on max's r so much..... my dads friend leased a 07 g35 for 375 a month for 36 months.... with 3000 down.

 

I agree with you to a certain extent. First of all, your asuming that real estate investments only appreciate. Well my friend, if you've opened a newspaper in the past six months, you know all about the sub-prime meltdown. Albeit, real estate is a cyclical process and normally levels out and appreciates in the long run, IF your socially and financially deep enough to ride out the waves.

Its well known that an automobile is one of THE worst investments to make, besides a yacht or private jet... Its GUARUNTEED to depreciate unless you have some classic or limited edition. BUT, we are taking about Nissans, so that argument is out the window. Using the argument that a lease is a pre-tax write-off is no justification to the investment. Heck, professional gamblers can write off daily gambling losses if they keep an annualized, up-to-date log of winnings and losses. Should I investment my assets into professional gambling due to the fact that I can write off my losses?????

All said and done, you are better off buying an originally owned, clean titled, low mileage 4th or 5th gen, maintaining it well, throwing some mods on it to keep your interest, and riding it into the ground.

GL!

 

As far as I'm concerned, people lease because it saves them on costly repairs down the road. Usually during a lease all you need to put in the car are maintenance items i.e. pads, oil, fluids, filters, etc. So if you plan to keep a car for only a few years leasing seems to be pretty popular. I personally perfer to buy a 1 or 2 year old used car outright and save the depreciation for someone else.

 

Good point, but if you invest in a reliable, quality car and also maintain it, costly repairs down the road should be far and few between. Heck, through all the interest you would have paid the bank/lender, that in it of itself is worth a new transmission, bbk, and radiator.

Correct me if I'm wrong, but don't most dealers throw in free maintenance packages with dealer leased vehicles? It would be in their own economic favor to keep their assets well maintained. Heck, if I was only leasing a car for 2-3 years and didnt have a dealer maintenance package, I would drive that car until the engine oil turned into sludge. Why would you dump even more money on maintaining a car that you will invevitably return to the dealer at a premium? Doesn't make much fiscal sense to me.

 

Here's how I approach it. If you are leasing, you are leasing from someone, somewhere (usually the manufacturer) who OWNS it. What are the odds that he/they are losing money on the deal? Pretty slim I'd say. You are actually paying his cost of ownership - plus a profit.

Now part of the lessor's calculation is that they will be able to deduct the depreciation, but that is a very small part. One rare exception would be toward the end of a model year when the dealers/manufacturers are desperate to move the inventory, they will get more aggressive in the future value assumptions they use in order to move the cars. But if they are that desperate, the prices for buying the cars will also be discounted heavily, so that is usually about a wash.

I've owned 20-25 new vehicles in my life, never leased. I would by used if I could find somebody selling who was as **** about maintenance as I am, but I'm rarely in the right place/time for those.

Just my .02 - Mike