Buy or re-lease? Torn...

MacCool · 02-26-2017, 02:38 PM

The lease on my 2014 Sport Touring is coming due. The car has 17,000 miles on it and is in excellent shape except it needs new tires. The end of lease purchase is $20,800 plus sales tax plus about $1100 for tires. The KBB value is about $22,500 trade-in value and about $25,000 retail. Re-leasing a 2017 same model would come with about a $50 month increase based on a sale price of $33,400.

I like the car and the color, it runs great and looks great (Clear Bra - no paint defects at all).

Can any of you think of a reason to lease a 2017 vs just buying this one? I'm inclined toward the latter.

Curtis_J · 02-26-2017, 02:42 PM

Well... if yours is in good shape and the payment is lower, i'd probably stick with what you've got. I'm leasing a 2017, but mainly because I wanted the lower payment. I have no intention of actually turning it back in, as my buyout will be 16k (Canadian, so, like, $40 in the president's money) in 2020.

MacCool · 02-26-2017, 02:54 PM

Quote:

Originally Posted by Curtis_J

Well... if yours is in good shape and the payment is lower, i'd probably stick with what you've got. I'm leasing a 2017, but mainly because I wanted the lower payment. I have no intention of actually turning it back in, as my buyout will be 16k (Canadian, so, like, $40 in the president's money) in 2020.

Well, the payments would be zero...I'd just pay cash for the residual value + sales tax and be done with monthly lease payments.

Curtis_J · 02-26-2017, 02:57 PM

Ah gotcha. That's my plan as well, just tucking away a little bit of overtime pay from now until then and I'll just buy it out.

Sent from my SM-G930W8 using Tapatalk

zeeder · 02-26-2017, 04:50 PM

Quote:

Originally Posted by MacCool

Re-leasing a 2017 same model would come with about a $50 month increase based on a sale price of $33,400.

Didn't they do away with the Touring with Sport? Now you have to get the sport tech which doesn't come with leather, if that matters to you.

MacCool · 02-26-2017, 05:15 PM

Quote:

Originally Posted by zeeder

Didn't they do away with the Touring with Sport? Now you have to get the sport tech which doesn't come with leather, if that matters to you.

Yeah. They priced Sport Tech. I don't care about the leather.

ssmoked · 02-26-2017, 05:29 PM

Pros and cons of both. If you keep and buyout your lease, future depreciation would be a minimum (unless in case of accident). If you lease new again, given you are offered very attractive monthly rate, you get to drive a car thats 3 years newer. Also if you do get in an accident with a lease, as long as you repair it with Nissan specs, you get to return it at lease end worry free and get a new car. Not so much if you bought the car

MacCool · 02-26-2017, 05:48 PM

Quote:

Originally Posted by ssmoked

Pros and cons of both. If you keep and buyout your lease, future depreciation would be a minimum (unless in case of accident). If you lease new again, given you are offered very attractive monthly rate, you get to drive a car thats 3 years newer. Also if you do get in an accident with a lease, as long as you repair it with Nissan specs, you get to return it at lease end worry free and get a new car. Not so much if you bought the car

The lease rate on the new one is about 10% higher than current. It doesn't stand alone as a attractive deal.

ssmoked · 02-26-2017, 05:57 PM

Could you share the new lease monthly cost and msrp?

ssmoked · 02-26-2017, 05:57 PM

If you sign another lease, would they waive you buying new tires for the current Z?

kenchan · 02-26-2017, 06:28 PM

Quote:

Originally Posted by MacCool

The lease on my 2014 Sport Touring is coming due. The car has 17,000 miles on it and is in excellent shape except it needs new tires. The end of lease purchase is $20,800 plus sales tax plus about $1100 for tires. The KBB value is about $22,500 trade-in value and about $25,000 retail. Re-leasing a 2017 same model would come with about a $50 month increase based on a sale price of $33,400.

I like the car and the color, it runs great and looks great (Clear Bra - no paint defects at all).

Can any of you think of a reason to lease a 2017 vs just buying this one? I'm inclined toward the latter.

if u do buy tires, makes ur get the 285's dis time for da rears.
GL with ur decision.

Silly Rabbit · 02-26-2017, 08:12 PM

Buy out the lease, enjoy for another 2 yrs and then move into the next gen Z.

Z-Girl 12 · 02-26-2017, 08:50 PM

Quote:

Originally Posted by Silly Rabbit

Buy out the lease, enjoy for another 2 yrs and then move into the next gen Z.

Excellent recommendation. You are in a good spot!

Redglare · 02-26-2017, 09:02 PM

I vote buyout, drive till Z35 in 3 years, it's not gona depreciate under 19-20k in that time frame

Mike · 02-27-2017, 11:42 AM

buy it

02-26-2017, 02:38 PM	#1 (permalink)
MacCool A True Z Fanatic Join Date: Apr 2011 Location: Midwest Posts: 1,349 Drives: 370Z PW 2014 Rep Power: 16	Buy or re-lease? Torn... The lease on my 2014 Sport Touring is coming due. The car has 17,000 miles on it and is in excellent shape except it needs new tires. The end of lease purchase is $20,800 plus sales tax plus about $1100 for tires. The KBB value is about $22,500 trade-in value and about $25,000 retail. Re-leasing a 2017 same model would come with about a $50 month increase based on a sale price of $33,400. I like the car and the color, it runs great and looks great (Clear Bra - no paint defects at all). Can any of you think of a reason to lease a 2017 vs just buying this one? I'm inclined toward the latter. TexasChuck likes this.

02-26-2017, 02:42 PM	#2 (permalink)
Curtis_J Base Member Join Date: Jul 2016 Location: St. John's, NL CANADA Posts: 153 Drives: '17 370z Base Rep Power: 23	Well... if yours is in good shape and the payment is lower, i'd probably stick with what you've got. I'm leasing a 2017, but mainly because I wanted the lower payment. I have no intention of actually turning it back in, as my buyout will be 16k (Canadian, so, like, $40 in the president's money) in 2020. Z-Girl 12 likes this.

02-26-2017, 08:12 PM	#12 (permalink)
Silly Rabbit Track Member Join Date: Sep 2013 Location: Brookston, IN Age: 54 Posts: 683 Drives: '12 PW Touring Sport Rep Power: 619	Buy out the lease, enjoy for another 2 yrs and then move into the next gen Z. UNKNOWN_370, Z-Girl 12, SwissCheese and 1 others like this. __________________ NISMO R Tune Intakes \ Fast Intentions RHFC \ Borla CBE \ EcuTek Tuned\ SPL Camber Arms \ Powertrix Coilovers \ Swift Springs \ Avant Garde \ Wicked CAS \ Morimoto XB Halos \ Custom Fenders \ Hotchkis Sways \ NLP Splitter

02-27-2017, 11:42 AM	#15 (permalink)
Mike The370Z.com Sponsor Join Date: Jun 2009 Location: Loganville, GA Posts: 5,944 Drives: 370z Rep Power: 2186	buy it __________________ NISSAN: 75 280Z / 86 300ZX GLL /87 Sentra SE / 03 350Z / 23 Z Porsche: 93 968 / 23 Macan GTS / 93 968

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02-26-2017, 02:57 PM	#4 (permalink)
Curtis_J Base Member Join Date: Jul 2016 Location: St. John's, NL CANADA Posts: 153 Drives: '17 370z Base Rep Power: 23	Ah gotcha. That's my plan as well, just tucking away a little bit of overtime pay from now until then and I'll just buy it out. Sent from my SM-G930W8 using Tapatalk

02-26-2017, 05:29 PM	#7 (permalink)
ssmoked Enthusiast Member Join Date: Jun 2011 Location: California Posts: 487 Drives: Charger Hellcat Rep Power: 14	Pros and cons of both. If you keep and buyout your lease, future depreciation would be a minimum (unless in case of accident). If you lease new again, given you are offered very attractive monthly rate, you get to drive a car thats 3 years newer. Also if you do get in an accident with a lease, as long as you repair it with Nissan specs, you get to return it at lease end worry free and get a new car. Not so much if you bought the car

02-26-2017, 05:57 PM	#9 (permalink)
ssmoked Enthusiast Member Join Date: Jun 2011 Location: California Posts: 487 Drives: Charger Hellcat Rep Power: 14	Could you share the new lease monthly cost and msrp?

02-26-2017, 05:57 PM	#10 (permalink)
ssmoked Enthusiast Member Join Date: Jun 2011 Location: California Posts: 487 Drives: Charger Hellcat Rep Power: 14	If you sign another lease, would they waive you buying new tires for the current Z?

02-26-2017, 09:02 PM	#14 (permalink)
Redglare Enthusiast Member Join Date: May 2012 Location: FL Posts: 387 Drives: C172 Skyhawk GIII Rep Power: 175	I vote buyout, drive till Z35 in 3 years, it's not gona depreciate under 19-20k in that time frame