Have you found anyway to figure out the money factor and residual other than trying to ask a dealer? In particular, I wonder how often NMAC changes those values. I've been given so many vastly different, but always increasing values for the same lease for what should be VPP pricing. I can't tell if they're misrepresenting VPP or if residuals change during the month.asimba2 said:I downloaded the lease calculation spreadsheet at the beginning of this thread and finally understand how drastically the residual value and money factor change the cost of ownership. Is there a way to know what residual and money factor Nissan will use ahead of time?
I'm basically trying to calculate what this car will cost me, trying different lease lengths to see if this car is even worth considering.
dm33 said:Have you found anyway to figure out the money factor and residual other than trying to ask a dealer? In particular, I wonder how often NMAC changes those values. I've been given so many vastly different, but always increasing values for the same lease for what should be VPP pricing. I can't tell if they're misrepresenting VPP or if residuals change during the month.
asimba2 said:dm33 said:Have you found anyway to figure out the money factor and residual other than trying to ask a dealer? In particular, I wonder how often NMAC changes those values. I've been given so many vastly different, but always increasing values for the same lease for what should be VPP pricing. I can't tell if they're misrepresenting VPP or if residuals change during the month.
I've heard residuals do change throughout the month, but to answer your first question, I am using the money factors numbers on page 1 of this thread, which vary from a low of 0.00005 to a high of 0.00047. Using the spreadsheet I mentioned above, a change from the lowest of the aforementioned to the highest changes the payment for a VPP SV around $17 per month. However, I've seen money factors as low as 39% and as high as 61%, the monthly difference between those two numbers is $198 per month! Naturally I am pretty interested in knowing the money factor, because it changes things drastically.
cheapdad00 said:The 39% and 61% are residual values as opposed to money factors. Money factors that high would be considered usury.
I don't agree. The Stanford employee deal does not include the expensive QC/Led option, title and license fees, and is based on 12k miles a year instead of 15k. The Stanford deal is a standard VPP deal ($1000 under dealer invoice) except with a $200 higher destination charge than normal. Nevbies deal appears to be a standard VPP deal ($1000 under dealer invoice) with the normal $595 destination charge. If Nevbie will get the dealer to disclose the selling price of the car we will know for sure whether he is getting the VPP price ($1000 under dealer invoice).dm33 said:The Stanford VPP deal is better. Can you get that or ask them about it? The $2500 at signing makes it quite a bit higher.nevbie said:First time leaser...
In Norcal I am getting a quote of $2500 Driveoff, $268 per month plus tax for a 2013 SV with QC (I qualify for VPP and showed my office badge)
is that a good deal? This is for a 36 month 15000 miles per year
Corina1231 said:If Nevbie will get the dealer to disclose the selling price of the car we will know for sure whether he is getting the VPP price ($1000 under dealer invoice).
asimba2 said:Corina1231 said:If Nevbie will get the dealer to disclose the selling price of the car we will know for sure whether he is getting the VPP price ($1000 under dealer invoice).
Would like to know the residual value they used too...
I've never seen a $595 destination charge. $850 is what it shows on the Nissan website and what we paid in May. Does that vary by region?Corina1231 said:The Stanford deal is a standard VPP deal ($1000 under dealer invoice) except with a $200 higher destination charge than normal. Nevbies deal appears to be a standard VPP deal ($1000 under dealer invoice) with the normal $595 destination charge. If Nevbie will get the dealer to disclose the selling price of the car we will know for sure whether he is getting the VPP price ($1000 under dealer invoice).
I can't speak for how good the deal is overall, but generally it's in your best interest to reduce what you pay up front. If you drive <10k miles a year, ask about a lease with 10k miles per year. They should have one cheaper.sreeramk said:Gentlemen, please tell me if I should become a first time lessee with this deal or if I should work on improving this.
This is for a Brilliant silver 2013 SL with VPP factored in that my wife's company qualifies for.
Payment for car purchase in California
$275 plus tax with $1999 due or
$232 plus tax if $1999 plus the $1600 drive offs
This is for 36 months with 36K miles. We will usually drive way under 10K miles per year.
dm33 said:I can't speak for how good the deal is overall, but generally it's in your best interest to reduce what you pay up front. If you drive <10k miles a year, ask about a lease with 10k miles per year. They should have one cheaper.
njb27 said:Hi all -
We've decided to wait on the LEAF for the time being, but I just wanted to mention for anyone in the Northwest who's looking that I did quite a bit of hunting around and Advantage Nissan over in Bremerton had the best deal I was able to find. At the time, I was looking at $249/mo for 36 mos, $0 down, $0 out the door for S + charge package. Since then, I've seen their base S deal (without charge package) get better - it's now $199/mo, $0 down (it says $229/mo on the website, but got an email from them saying it was $199/mo) - so maybe the S + charge package deal could be better too.
Of course, the offers change all the time, so no guarantees this would be available, but always worth a try. If you're interested, Adam Green is the person to ask for, he's the EV specialist over there. (And no, I don't work for Advantage Nissan. Adam just did a great job and the deal seemed to be the best around, so thought I'd spread the word.)
Cheers!
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