Nissan Sentra 2020 1.8 SL CVT
36/15k miles
Dealer said residual was 47% and MF was .00003. I need to check those numbers.
DAS: $2500 (incl first month)
Monthly: 260
Sticker: $24,425 https://www.nissanusa.com/vps/3N1AB7AP8KY422984
Thanks!
What’s the selling price before incentives? Are there any incentives? What does that 2500 das cover? Hopefully not cap cost adjustment.
I would tell you to run away… not just from this deal but perhaps from a Sentra altogether
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MSRP: $23,120
Splash guards: $200
Floor mats: $210
I believe this makes the selling price: $23,530
Destination charges: $895
Total: $24,425
I’m not sure exactly what my $2500 pays for, but that’s what they said I would have to put out of pocket. I assume that means the tax and acquisition is rolled up in the cap cost.
Shop comparable Kia Forte. They go for around $200 with nothing down and include more features.
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Just did a quick google. Nissan doesn’t make an SL trim on the Sentra for 2020, or a 1.8 L engine. Could this be a 19?
And you’re saying that you’re selling price is above msrp? For a Sentra? I suggest you do some reading in the leasing 101 section.
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Now I see how dealers stay in business… People seriously consider and sign truly awful offers such as these. Run far away.
Hey you’re right! It’s a 2019, and they didn’t tell me that. I didn’t notice that on the sticker, I thought it was a 2020, and now I see the SL isn’t available this year.
They didn’t provide me with the “Selling Price” or the “Agreed Upon Price” just the MSRP/total on the sticker. See sticker below:
I suggest you walk away and spend some time reading through the leasing 101 pages to get a better idea of what approaches to take.
And then shop for something other than a sentra
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2020 Sentra was redesigned, they should give this one away for free, not $330 a month.
Heya, thanks, I usually do leases with calling dealers and asking for a price as if I was buying, before saying “lease,” I was just starting to shop and see what car I wanted. Dealers don’t provide all the information you need to run the lease calculation, and sometimes lie about the residual/MF. Still, with my experience I feel like can tell a screaming hot deal, and I wanted to see what deal they could give me on the spot, so I did and it seemed fishy. I’m glad I posted here to ask you guys to help me analyze it. Thank you!
If you don’t already know what the price should be when you reach out to the dealer, you’re going to be in for a rough time.
This is an absolutely horrible metric for determining if a lease is any good. @ben833 forget you ever heard such drivel. A lease needs to be evaluated for the specific vehicle in the specific market with the specific lesse. 1% of MSRP is an amazing deal on some vehicles and absolutely horrible on others.
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I’ll say this time and time again: a lease in California is not a lease in New York, which is also not a lease in Texas. Something as simple as taxes and/or the market’s doc fee can make a deal seem like a bad one (in general), when in another state, it could be a fantastic deal, even based on those two things alone.
Again, it’s all subjective to the car itself and a million other factors. There are times that the combination of MF/residual/incentives/the color of the sky/taxes/etc. make 1% a terrible deal and metric. For instance, about a year or two ago, many BMW leases were below the “1% threshold,” and therefore, 1% would have been considered a bad deal.
Sure can.
In my driveway is a Volvo s90. MSRP was $61k. My payment, on a 24/15k is $340 a month. If I got that lease at 1%, I would have flushed an extra $5000 down the drain.
Better example. A few months ago, Volvo v90ccs had HUGE incentives in some markets and $0 in others. By huge, I’m talking $12000. A 1% lease in that situation would have been impossible for someone in the region with $0 incentives and about $8000 too high for someone in the other.
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Just to take it further, parked next to my S90 is a Hyundai palisade at 1.2% on a 36/12. I paid about $8000 less for that than the average deal when I got it. 1.2% is almost unheard of (I know of two others in the country that were comparable).
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Same here. For those of us who got Volvos this summer during the Costco incentives, 1% wouldn’t have been a great deal, but even more recently, most have been below that metric.
@rdelisa - in Texas and Virginia, this metric is almost always out the window, because tax is imposed on the full selling price of the car.
No, it wouldn’t. It would have been a very poor deal for what they were going for at the time.
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Except you will all the time. It’s a useless metric for evaluating a good deal. It both gives people unrealistic expectations and missed opportunities.
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