If you’re looking to pick up the keys to a new Nissan Frontier, now could be a good time to do so.
It has been revealed that Nissan’s finance arm, Nissan Motor Acceptance Company (NMAC), has given the 2022 Frontier Crew Cab S 4×4 an 18-month residual value (the estimated worth of the vehicle at the end of the lease period) of 99 percent, opening up the door for some very competitive leasing rates. That’s because, with an MSRP of $33,590, this means that it will depreciate by $336 after 18 months, or just $19 per month.
Don’t forget, though, that monthly lease payments are comprised of both depreciation and a finance charge. NMAC has paired this excellent residual value with a money factor of 0.00227, equivalent to 5.45 percent APR, which turns out at a monthly finance cost of $152. Thus, adding the $19 monthly depreciation cost, you get a hypothetical monthly lease payment of $171 for a base model at MSRP, excluding tax and fees, LeaseHackr notes.
The big question is, will you find one at MSRP?
While that lease payment of $171 per month is still excellent, finding a 2022 Frontier available for MSRP is easier said than done as many dealerships can add markups and aftermarket accessories that further increase the cost of the lease. That’s because dealers they are trying to make up for selling less cars due to the shortage in inventories caused by the ongoing semiconductor crisis.
Nevertheless, there still are some good deals that can be found. LeaseHackr notes that one member of its community secured a 2022 Nissan Frontier for $243 a month for 18 months with an annual mileage limit of 10,000 miles, while another member secured a 2022 Frontier Crew Cab S for $291 a month for 18 months.