Hey guys, I have a question regarding my wife’s Frontier. We are about 6 months into the lease, and with some family being around the past couple weeks, we need a bigger car. That said, do any of you know how Nissan lease works? Is it possible to end the lease early or is it better to try and trade in? It is a 24/10k Nissan frontier S 4x4.
Thanks in advance
Nissan can buy it or Infiniti, but I doubt there’s any equity as Frontier leases are artificially high.
This means you might need to throw lots of money to get out early (Or keep and get a 2nd car like the $300 Muranos)
Both are possible…you just have to calculate out which will be the smallest loss.
Id start with getting buy offers on the Frontier, while also contacting NMAC and getting a lease buy out quote. They will be able to tell you what the truck can be bought for now, and that can be compared to the buy offers you are getting.
My suspicion (as a fellow Frontier owner) is that you got a smokin (high residual deal) on the frontier and are therefore upside down on it. So, another path out will be calculating the sum of your remaining lease payments.
I’d maybe take the lease over, I’m looking for something around 18 months, sub 500 monthly payments, zero cost on signing. How many months left? I’m located in Philly
In general, I just got offered this deal on a Nissan Frontier Crew Cab 4x4 S msrp ~35k
18 month, zero-down, 10k for $515/month payment.
Is it a good deal? seems pricy
Message @Clutch
That’s a horrible deal by LH standards
Thanks guys, any way to negotiate down? How can I go to the dealer and be like stop screwing me
Use the Edmunds forum to look up what the money factor and residual value should be. Then put that in the calculator on this forum to figure out where your payments should be. You can then ask the dealer what money factor they are using, and what the selling price is (before any incentives or rebates are applied) and compare that to the information you have.
I’m in a similar situation having got one of the 18/10 Altima deals at a good price but no longer wanting or needing the car. There is no easy way out unless you transfer the lease to someone else, but you’ll remain secondarily liable.
Hi I’m a noob too. I got offered this deal on a Nissan Frontier Crew Cab 4x4 S msrp ~35k
18 month, zero-down, 10k for $515/month payment.
Seems expensive for a RV of 96% right?
Yes. MF is likely marked up on that and who knows what else?
If you do a one pay and max MSDs and if there are not a bunch of add ons, you can get a payment that is literally close to half of that for an S with 3-5% off MSRP.
Very expensive, I guarantee the dealer is marking up the MF by quote a bit. Did they disclose the selling price? Good chance they’re marking that up too.
This will be hard to exit without loss of $. For sure probably negative equity and you have 18 months left. You can try to find a deal and trade in but the negative equity may be rolled into your next lease payment. if you are not familiar with the #s and lease terms then probably shouldn’t go this route as the dealer may eat you for lunch.
Get another Frontier or Altima for cheap or if the family is only around for couple of weeks just rent something during that time. Ending early or trading in would be heavy losses.
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