Nissan Sentra SV

Ask the Hackrs
1

Hi Hackers.
Need a quick help

My first lease
2017 Nissan Sentra SV

999 Due at singniig including first month
200 per month
This is in Michigan

CAn you advise please?

2

Any additional info… MSRP, selling price, MF, RV, fees, etc.

3

Thanks for the reply

MSRP:19725 (including destination)
selling price: 17968
mf: 0.00003

fees:
title 116
acq fee 595
doc fee 210
filing fee 24
Tax: 188

RV: 56%

thereis rebate of 2650

Appreciate your response.

4

Are you sure it’s a Sentra SV? I thought starting MSRP for that is $18,840.

Either way, you need to negotiate a much lower selling price. I think $2k or more below MSRP would be good…check Nada Guides, TrueCar, and Car Gurus to get an idea of a target selling price.

5

I am sorry I updated the post. I forgot to include destination,

6

It seems as if the selling price of $17,968 they are giving you includes the $2650 rebate. That is not good - they really aren’t discounting the car.

You need to negotiate a good selling price before rebates are applied. I would say shoot for a selling price of $17,500 or better before the rebate. Shop around and have dealers compete against each other.

I also wouldn’t pay any money upfront - with such a low money factor, just wrap everything into the lease payments and do $0 due at signing. But don’t worry about that yet - first start working on getting that selling price lower.

7

Thanks … I will keep that in mind for next time… problem is i signed this lease already. I feel so dumb…

Here is what I came up with.

Probably I want aware of rebate mechanism

Thanks for your help.

8

One more thing my lease agreement mentions net capitalized cost of 15657 after rebates. I hope that makes sense

9

If that’s the case, it sounds like the selling price you mentioned is in fact before rebates…I was assuming a 36 month lease based on the residual. Is that what it is? Or is it 24?

Post a picture of the lease agreement

10

Here it is. It is 24 month

1
11293×970 374 KB

Again, I appreciate your time.

11

I was assuming 36 month lease and the numbers weren’t adding up, but 24 month makes the numbers add up

I think a 36 month lease would’ve been less expensive

12

Yes you are right, they offered 36 months for 999 due and 165 per month, but due to some personal constraints could not go with 36 months

13

You didn’t get ripped off or anything, it just doesn’t lease well for 24 months. But if that’s the term you needed, you can’t really put a value on that.

14

Thanks jamc63, I guess you are right.