Deal Check! Nissan Titan Pro4x

[asdew1880]

I’m in Philly area, looking for input on getting a one pay 2024 Titan Pro4x lease. 18months/10k. I called ~ 6 dealers today and got a couple quotes back. Plan to follow up with more specific questions because they are all over the place. Looking for one pay to avoid monthly debt obligation. I wouldn’t mind buying the car in ~1-2yrs after potentially moving into another house with a new mortgage. I currently own a 2011 Xterra pro4x w/150k miles that I’ve owned for 8 years and prefer to own cars for a long time with DIY maintenance.

I understand the depreciation portion of the lease payment, but when it comes to the interest portion, does the mf get applied to the residual value and the capitalized cost? i.e. you pay interest on both the current value of the car + the future residual value (double interest??). I’m just trying to understand how dealers are coming up with these quotes and what can I realistically expect. I’m just guessing I should be able to pay ~ (18x$300) for the interest/mf portion and (net cap cost - residual) for the depreciation portion for a rough total of $10,000 for 18/10 lease. How far off am I? Thanks for any input!

I’ve seen posts for Titan pro4x from 2023, but nothing recent.

Dealer 1- not specific, didn’t have “working terminal”
MSRP - ~ 65,000
Sales Price - 63,000
Residual - 57% @ 3yrs, didn’t mention 18 months
MF- 0.00281 standard lease, 0.00311 one pay
Cash Required - 18month/18k = 24,000, 36 month/36k = 42,000

Dealer 2 - 18month/10k
Market Value Selling Price - 65899
Adjusted Price - 61,104
Residual Value - 52125
Cash Due - 16,293

Dealer 3 - 18month/10k (one pay issues, 700$/month payment)
MSRP - 65,185
Cap Cost - 55,292 (9,893 Discount)
Residual - 51,496
Cash Due - 1,000
This dealer said I could only put ~ 5400 down to go through NMAC because cap cost has to > residual +100$, so no one pay ( how did I get other one pay offers?)

Dealer 4 ( one pay only mention 36K cash down, standard lease =1000/month payment)
MSRP - 66,115
Selling Price - 63,750
Gross Capital - 65,048
Cash Down - 2500
Residual - Didn’t mention, probably close to 80%.

[SteveB25]

First determine is the Titan is even a good lease candidate. Doesn’t seem like it. Don’t ask for quotes.

Move to a strategy of making offers.

Plug the following into the LH calculator after MSRP of the vehicle you’re looking at:

Selling price based on % pre-incentive discount found by searching Shared Deals and Marketplace sections of this forum.

RV, MF and incentives (lease cash) from Rate Findr. Add any extra rebates you qualify for (college grad, etc) under incentives.

DMV fees and taxes based on your state’s official website.

Voila! Now check the box to make it $0 DAS and offer the resulting monthly payment*

• preferably rounded to a multiple of $5 or $10 to make yourself seem more like a normal person

[max_g]

@asdew1880

Looking for one pay to avoid monthly debt obligation. I wouldn’t mind buying the car in ~1-2yrs after potentially moving into another house with a new mortgage. I currently own a 2011 Xterra pro4x w/150k miles that I’ve owned for 8 years and prefer to own cars for a long time with DIY maintenance.

Financially speaking your best bet would be to defer that until getting the new mortgage. Between the lease, insurance and gas that’s a big chunk of change that could go towards the DP on a house or closing costs.

And given the housing market there’s a non-trivial possibility you need ~18 months to find the right house at the right price and you’re caught between getting a new lease to replace this one and the costs of buying/furnishing/refurbishing the house.

After buying the house you’re in a much better position to decide how much car to buy, not vice versa.

[Narfington]

I’ve been looking into these myself and in my opinion, it’s best to wait it out for some incentives or better lease program. They lease pretty badly right now. Also, definitely do not a do a one-pay, it has a significantly higher money factor so you’re paying more to pay upfront for no benefit and much higher risk.

Dealers are willing to discount these so when Nissan eventually slaps some incentives on and hopefully a favorable lease program, there can be a really good deal to be had. Just need some patience, may not hit all criteria of a good deal until end of the year.

[asdew1880]

Thanks for all the input everyone. I took the weekend to wash and wax the old Xterra, cleaned the whole interior and now I’ve got the patience to wait it out. Used car prices should be getting more reasonable and I should be able to buy the newer gen 2021+ with relatively low miles with some saved up cash.

[Narfington]

Just a heads up, looks like 0% financing is back if you wanted to go that route.

[asdew1880]

@Narfington

Dealers are willing to discount these so when Nissan eventually slaps some incentives on and hopefully a favorable lease program, there can be a really good deal to be had. Just need some patience, may not hit all criteria of a good deal until end of the year.

Pulled the trigger on the 0% APR, ended up getting 18% off MSRP and worked with a good dealer, it took going through about 5 shitty dealers but things worked out!

[z0lt3c]

You purchased one? I hope you are anticipating an extended ownership interval, short term there will be some immediate depreciation. Long-term Nissans do well, when they don’t rust.

[krish]

This dealer in Arizona discounting $12,000 off msrp on titans. They do out of state sale and shipping. I bought a Titan from them last year.
https://www.peorianissan.com/

[cheapdad00]

Did you get that one yourself or through the broker who “should not be spoken of” who was facilitating tons of great Titan leases out of AZ last year?

The beauty of the Nissan 1 Pay lease is the extra value you get out of MSDs compared to a standard month to month lease, where the MSD value increases from 0.00004 per MSD (Max 5) on a month to month to 0.0001 per MSD (Max 10) on a 1 Pay.

[Narfington]

Nice, congrats! best color in my opinion too.

[krish]

I got directly from the dealer.