Guy I need your opinion on a 370z lease!!!

SS66 · 04-10-2012, 01:07 PM

Quote:

Originally Posted by shesha

I do want a change, but I loved my Z I enjoyed driving it so much for the last 3 years. I was surprised they negotiated down to what I could afford. As much as I want the FRS, a sport package Z at 460 per month has me enticed.

I just wanted to know what you guys thought. Buying for me is not an option right now. Should I just go pick the car up tomorrow. Or be patient and get the FRS for what would be a cheaper monthly payment.

I'm so uncertain of what to do.

Nissan will take my car 4 months early I avoid the registration fee. I get a new 2012 sport package Z. Fuuuuuuuuuuuuuuuuk

Do you have a down payment or a half way decent owned trade to bring to the table. If not your lease bound and personally I think wasting your dollars. Sorry if I come across brutally straight forward. Sounds like your extending your finances for the new Z ride. Maybe time to think and regroup.

edub370 · 04-10-2012, 02:02 PM

your lease pmts are a lot higher than my pmt straight up buying the car. buy buy buy!

plus, if u buy the car and then get a lil money saved up, u can refinance for an even lower pmt instead of paying to re-up a lease. thats what i did. i only ut $1500 down then waited a few months and dropped a large lump sum on the car and refinanced it. lowered my pmts almost $100 a month

just my

PapoZalsa · 04-10-2012, 02:20 PM

I will never lease a car!

Drex · 04-10-2012, 04:33 PM

got my last car as a lease, then ended up buying it when the lease was up. never again.

kenchan · 04-10-2012, 04:35 PM

Quote:

Originally Posted by Drex

got my last car as a lease, then ended up buying it when the lease was up. never again.

yep, that's one expensive way to buy a car.

mantella87 · 04-10-2012, 04:41 PM

Quote:

Originally Posted by kenchan

yep, that's one expensive way to buy a car.

But at least if you couldn't afford to buy it new to begin with and didn't want a used car, you know exactly how the car was treated during the lease.

kenchan · 04-10-2012, 04:53 PM

Quote:

Originally Posted by mantella87

But at least if you couldn't afford to buy it new to begin with and didn't want a used car, you know exactly how the car was treated during the lease.

true...

theboydiddy · 04-10-2012, 08:07 PM

wow $37K ? WOW
base model with sport package i paid $30K (BRAND NEW) i took all the plastics myself with 0.0 miles on it. plus I'm paying $390 a month. was supposed to be cheaper but i messed up my credit a few months back.

gofaster87 · 04-10-2012, 08:38 PM

A lease is great if you want a new car ever few years, dont plan on modding, always want a warranty and dont expect to put a ridiculous amount of miles on the vehicle. If one or more of these dont apply wait to purchase.

jofro6 · 04-10-2012, 10:29 PM

you got totally r*ped on your lease... i pick my new 2012 up this weekend. Touring 6spd with nav and that stuff and my lease is only 375 a month for nissans 39 month program. That was my second dealer going to, the first one had the same options and was still only at $390 a month. Im putting a little more down, at 2500 but that only covers my taxes and bank/dmv fees and first payment. You can totally get the car leased for under 400, just stand strong.

Chteelers · 04-11-2012, 09:23 AM

I'm always amazed at people who only look at monthly payment, and not overall cost.

$32K sport Z, $1k down, 7% tax, lease for 36 mo = $400 / month and you turn the car back in, maybe with lease end fees. So you're out net $15k.

$32K sport Z, $1k down, 7% tax, 0% loan for 60 mo = $550/month and you own a Z worth resale $27 based on current '07 resale prices. So you're out a net $7k.

If you can't afford the monthly payments on a 36 mo loan, you should consider a less expensive ride. If you can't afford the monthly payments on a 60 mo loan, you're living beyond your means. Why pay lease payments that are almost the same as loan payments, and you end up with no car at the end?

Amj2020 · 04-11-2012, 03:04 PM

If it helps I can let you know what I just negotiated on my lease..
I just leased a 2012 Z touring with sport package sticker was around 42k
negotiated the price of the car to around 39.5k.
Then we began to work on lease prices and it turned out to be
39 months
2500 down
419/month
first month was included in the down payment and ttl was separate.
Im expecting to have kids in the next few years and dont have a garage or else I would have considered financing the car, but I am going to need more room and a bigger ride in 3 years

needless to say I love the car so far.
Hope this helps you figure out more about your negotiations. I would have financed if I knew I would have time to actually use the car after having a newborn:P

kenchan · 04-11-2012, 03:08 PM

Quote:

Originally Posted by gofaster87

A lease is great if you want a new car ever few years, dont plan on modding, always want a warranty and dont expect to put a ridiculous amount of miles on the vehicle. If one or more of these dont apply wait to purchase.

you can still mod the leased car, just keep the stock parts and put it back to stock before you return. in fact, people like me that buys cars put it back to stock to net higher selling price. and just sell the bits separately.

Quote:

Originally Posted by Amj2020

If it helps I can let you know what I just negotiated on my lease..
I just leased a 2012 Z touring with sport package sticker was around 42k
negotiated the price of the car to around 39.5k.
Then we began to work on lease prices and it turned out to be
39 months
2500 down
419/month
first month was included in the down payment and ttl was separate.
Im expecting to have kids in the next few years and dont have a garage or else I would have considered financing the car, but I am going to need more room and a bigger ride in 3 years

needless to say I love the car so far.
Hope this helps you figure out more about your negotiations. I would have financed if I knew I would have time to actually use the car after having a newborn:P

yah, this is why i hate leases. almost $19K down the drain...such a big waste of money imo but hey, glad it worked out for you.

theboydiddy · 04-11-2012, 03:51 PM

Inwardly don't care what I'm spending at the end of it (to certain extent) my happiness is a priority to me. As long as I'm happy I'm good really

kenchan · 04-11-2012, 04:27 PM

Quote:

Originally Posted by theboydiddy

Inwardly don't care what I'm spending at the end of it (to certain extent) my happiness is a priority to me. As long as I'm happy I'm good really

i use to be like that... until i got wiser with my money.

04-10-2012, 02:02 PM	#17 (permalink)
edub370 A True Z Fanatic Join Date: May 2011 Location: KCMO Posts: 3,458 Drives: 09 370z S/T 6MT Rep Power: 20	your lease pmts are a lot higher than my pmt straight up buying the car. buy buy buy! plus, if u buy the car and then get a lil money saved up, u can refinance for an even lower pmt instead of paying to re-up a lease. thats what i did. i only ut $1500 down then waited a few months and dropped a large lump sum on the car and refinanced it. lowered my pmts almost $100 a month just my __________________ 09 370Z ST 6MT//Injen CAI//Greddy CBE//TP//TSW's//Swifts//Stillen lip//Whiteline sways 326whp/268tq Last edited by edub370; 04-10-2012 at 02:11 PM.

04-10-2012, 02:20 PM	#18 (permalink)
PapoZalsa A True Z Fanatic Join Date: Nov 2009 Location: Not in Sunny Florida Posts: 6,358 Drives: 16 Nismo w/Tech Pack Rep Power: 4500	I will never lease a car! __________________ 2009 370Z MB Base w/Sport Package 6MT Modshack's Custom Air Intakes /3M Clear Bra/ Illuminated Kick Plates / F. I CBE w/12" resonators / EVO-R Front Lip / Rear Hatch Wing / Tein S-Tech Springs /Ilegal Tint in the Rep. of VA/4x20mm Z1 Spacers/ Vinyl Roof/Liquid Carbon Designs

04-10-2012, 04:33 PM	#19 (permalink)
Drex Enthusiast Member Join Date: Apr 2011 Location: Maryland Posts: 498 Drives: '11 370z MB 6MT SP Rep Power: 14	got my last car as a lease, then ended up buying it when the lease was up. never again. __________________ 2011 Nissan 370z \| 6MT \| Magnetic Black \| Sport Package

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04-10-2012, 08:07 PM	#23 (permalink)
theboydiddy Track Member Join Date: Mar 2012 Location: New York City Posts: 938 Drives: 370z Pearl White Rep Power: 14	wow $37K ? WOW base model with sport package i paid $30K (BRAND NEW) i took all the plastics myself with 0.0 miles on it. plus I'm paying $390 a month. was supposed to be cheaper but i messed up my credit a few months back.

04-10-2012, 08:38 PM	#24 (permalink)
gofaster87 Base Member Join Date: Mar 2012 Location: Las Vegas Posts: 57 Drives: 2011 Nismo 370Z Rep Power: 13	A lease is great if you want a new car ever few years, dont plan on modding, always want a warranty and dont expect to put a ridiculous amount of miles on the vehicle. If one or more of these dont apply wait to purchase.

04-10-2012, 10:29 PM	#25 (permalink)
jofro6 Track Member Join Date: Mar 2012 Location: Long Island, NY Posts: 603 Drives: 2012 370Z Touring Rep Power: 14	you got totally r*ped on your lease... i pick my new 2012 up this weekend. Touring 6spd with nav and that stuff and my lease is only 375 a month for nissans 39 month program. That was my second dealer going to, the first one had the same options and was still only at $390 a month. Im putting a little more down, at 2500 but that only covers my taxes and bank/dmv fees and first payment. You can totally get the car leased for under 400, just stand strong.

04-11-2012, 09:23 AM	#26 (permalink)
Chteelers Base Member Join Date: Jan 2012 Location: Charlotte Posts: 63 Drives: '11 Nissan 370Z M6 Rep Power: 13	I'm always amazed at people who only look at monthly payment, and not overall cost. $32K sport Z, $1k down, 7% tax, lease for 36 mo = $400 / month and you turn the car back in, maybe with lease end fees. So you're out net $15k. $32K sport Z, $1k down, 7% tax, 0% loan for 60 mo = $550/month and you own a Z worth resale $27 based on current '07 resale prices. So you're out a net $7k. If you can't afford the monthly payments on a 36 mo loan, you should consider a less expensive ride. If you can't afford the monthly payments on a 60 mo loan, you're living beyond your means. Why pay lease payments that are almost the same as loan payments, and you end up with no car at the end?

04-11-2012, 03:04 PM	#27 (permalink)
Amj2020 Enthusiast Member Join Date: Mar 2012 Location: NY/LI Posts: 393 Drives: MB Z,Jeep,BMW Rep Power: 13	If it helps I can let you know what I just negotiated on my lease.. I just leased a 2012 Z touring with sport package sticker was around 42k negotiated the price of the car to around 39.5k. Then we began to work on lease prices and it turned out to be 39 months 2500 down 419/month first month was included in the down payment and ttl was separate. Im expecting to have kids in the next few years and dont have a garage or else I would have considered financing the car, but I am going to need more room and a bigger ride in 3 years needless to say I love the car so far. Hope this helps you figure out more about your negotiations. I would have financed if I knew I would have time to actually use the car after having a newborn:P

04-11-2012, 03:51 PM	#29 (permalink)
theboydiddy Track Member Join Date: Mar 2012 Location: New York City Posts: 938 Drives: 370z Pearl White Rep Power: 14	Inwardly don't care what I'm spending at the end of it (to certain extent) my happiness is a priority to me. As long as I'm happy I'm good really