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LEASEQuestion
Roger,  I have a very urgent question because I’m getting ready to lease very soon. The Nissan dealer here is advertising a ‘special’ for leasing a 2013 Nissan for $159 mo. for 36 months with $1500 down. They are moving out the 2013’s. I’ve read that before discussing monthly payments, always get the price of the car before anything else. But if it’s a special deal and the monthly payment is already set, do I still need to do that? Wouldn’t it in a way keep me from getting their ‘special’? Thanks

Answer
The answer to your follow up which I didn’t see in my queue is that you are not required to change the oil at all …all of the maintenances are only suggested and no one is going to ask you for documentation of any of them …they are just going to look at the general condition of the car for damages that go beyond normal wear and tear and if there are any then they will address them… if any…and charge you accordingly.

The second part of your question …the most recent one is this… whenever you see a lease payment advertised the dealer is required to also give you all of the details ….they are

– The MSRP before discounts
– The money factor ( a decimal like .00142)
– The residual factor (a %)
– The Lease end value (LEV)
– The total amount of your payments via the term of the lease plus the money down including rebates or factory dealer cash…this will give us the number called the “Cap Cost” whichis synonymous with “price”
FINISH THIS ANSWER AT THE SOURCE (CLICK)

Other relevant Questions and Answers on Leasing:

WHEN DOES A LEASE NEED TO BE SIGNED?

NEGATIVE EQUITY ROLLING INTO A LEASE..

LEASING AND MILEAGE ALLOWANCE

FORD MOTOR CREDIT RED CARPET LEASES

 

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