Nissan 370Z Forum - View Single Post

snake1212 · 03-03-2011, 02:45 PM

To give you an idea of payments.

2011 Nissan 370Z sport package 6 speed. MSRP $34,810 selling price $32,000 using $1,000 out of pocket and tier 0 credit approval:

39 months/ 10K year $427/mo
39 months/ 12K year $435/mo

$6,000 out of pocket:

39 months/ 10K year $283/mo
39 months/ 12K year $291/mo

Not sure what model you are looking at put should give you an idea. Would be interested to here what he told you. It is true that if you put $6000 down and the car gets totalled then you are out the $6,000, but If you financed a Z and put no money down and totalled it 6 months later then you better of had gap insurance cause you are going to owe the bank $6,000 anyways. Gap insurance is included in all Nissan leases so at least you don't have to worry about that. If you put $6,000 down then the money is used to reduce your payment. So if you take the difference between $427/mo and $283/mo for 39 months is $5616 in payment savings. What I advise is for you to put down the least amount of money down to get to the payment you are comfortable with. I am a business manager for Nissan and all I do is lease. Every business manager and sales manager I know lease. I have heard every excuse and reason not to lease that you could imagine. The only two that make sense is if you can afford to pay cash (still not a great reason) or if they keep their cars for 10 years.

03-03-2011, 02:45 PM	#19 (permalink)
snake1212 Base Member Join Date: Feb 2011 Location: Manchester, NH Posts: 32 Drives: 12 370Z GM M6 Rep Power: 14	To give you an idea of payments. 2011 Nissan 370Z sport package 6 speed. MSRP $34,810 selling price $32,000 using $1,000 out of pocket and tier 0 credit approval: 39 months/ 10K year $427/mo 39 months/ 12K year $435/mo $6,000 out of pocket: 39 months/ 10K year $283/mo 39 months/ 12K year $291/mo Not sure what model you are looking at put should give you an idea. Would be interested to here what he told you. It is true that if you put $6000 down and the car gets totalled then you are out the $6,000, but If you financed a Z and put no money down and totalled it 6 months later then you better of had gap insurance cause you are going to owe the bank $6,000 anyways. Gap insurance is included in all Nissan leases so at least you don't have to worry about that. If you put $6,000 down then the money is used to reduce your payment. So if you take the difference between $427/mo and $283/mo for 39 months is $5616 in payment savings. What I advise is for you to put down the least amount of money down to get to the payment you are comfortable with. I am a business manager for Nissan and all I do is lease. Every business manager and sales manager I know lease. I have heard every excuse and reason not to lease that you could imagine. The only two that make sense is if you can afford to pay cash (still not a great reason) or if they keep their cars for 10 years. Last edited by snake1212; 03-03-2011 at 03:04 PM.