Murano SL Lease

[yadrovm]

Hello all,

Just joined NICOclub, great site.

I'm looking at a Murano '09 SL Lease. Actually visited the dealer inquiring about the current S AWD with convenience package lease special on Nissan's website. It is $2,670 down + TTL, with $329 + Tax for 39 months. It expires Feb 2.

The dealer did not have an S model with AWD and convenience package, so they wanted to get me into an SL. First offer was high at $4895 down with $499/month. I said no thanks.

But they were not about to let me walk out just yet. Bottom line offer is this:

- Murano SL FWD (base MSRP = $28,420)- Platinum Graphite / Black - Splash Guards- Premium Package- Floor Mats (3 piece)- Cargo Area Protector- Roof Rack Cross bars- Tow Package- Destination Charge

Total MSRP $31,420

Sales Price $28,700Residual $16,024 (51%)Miles yr/ 12,000Term 39 monthsAll Scheduled Maintenance during the term of the lease Down Payment $2,225, (includes 1st month's payment)Out the door fees (ttl, etc) = $0, (included in Down Payment)

Monthly Payment $369 + Tax ($395 total, 7% sales in FL)

I could not get a straight answer on the money factor. I was told the interest rate was about 3.98%, which is equivalent to a .001658 MF. But using the above, I calculate it to .00208, which is more like 5%.

If you back out the 1st months payment, the down payment would be in the range for ttl, so I see it basically as a zero, or little down deal (couple hundred or so).

Does this sound like a good deal?

Thanks

[Timmbo]

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yadrovm, I posted a reply there for you!