I wouldn't expect the Nissan rates to drop. For purchase you can get rates as low as 3.9% if you do it yourself, that's not the case for leases.
The big issue with leases at the moment is that they have no idea what the used car will be worth in 3 years, so calculating the depreciation for your payment is tough. Of course they are erring on the side of caution and assuming a large depreciation due to market conditions. If you have any cash at all it is going to be cheaper to put $10K down and make payments with 4% interest and then sell the car in 3 years. I put down $15K and paying $350 a month the car will be paid off in 4 years.
|