Lease return help

Drex

Online company fines couple for negative review - CNN.com

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2011 Nissan 370z | 6MT | Magnetic Black | Sport Package

Elan

Ahh humanity...

On another note I vote we un-ban jungleZ temporarily cause he can provide good input on leased cars!

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2009 370Z NISMO #477 | AAM Competition Short Tails | AAM Competition HFCs | K&N Typhoon CAI | Kenwood DPX300U | Rockford Fosgate PRIME R300-4 | Rockford Fosgate Punch P165 | Rockford Fosgate Punch P300-12 | Polk Audio db1001 | 15% Tints | GTR Start Button |

Amj2020

Looks like it is...unless you are my financial advisor, worry more about what you do with your money and less about what I do with mine. I have many cars and the Z is just one of them which I drive when I feel like it, and work on when I have free time. This is why Im buying it because I enjoy it, the money is not an issue.

Shadezz

Find another dealer and just trade it...don't give it back to the bank. You have this option at anytime during a lease....everyone thinks they have to give it back to the bank.

What is the residual value or buy out? Now you can buy it, sell it on the street, trade it or last resort give it back to the bank. I've leased 9 cars and have always made money by selling a few months before lease is up or trading it in. (Toyota and nissans)

What's the book on it? Doing good research on ACV ( actual current value) of both the car your trading and the one you are purchasing will ensure a great back of invoice purchase price along with a strong trade value. Edmunds.com is your friend on regional prices that others are paying for used and new.

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2012 370Z BLACK EDITION/ FLT BLK Rays / 5% 3M Tint / DW's / Z1 SS & 2 Piece Rotors
Nismo S-Tune OEM / Beluga CBE & Y-PIPE / DDX370 / GTR Start .4 Fluid / NST Blue Kit

Amj2020

Hey Shadezzzzz anyway I realize with this low mileage and a residual of 23k I will most likely (hopefully) have some equity in the car when the lease is up next year. I was considering just buying the car and either a) selling privately and making a few K, or just keeping it as I really do like the car. Edmunds is giving me a value of around 30k as of right now, a little less than I hoped but I guess its because of the price drop of the sticker. I realize I will pay taxes again, any other hidden fees I should expect if I buy it at the residual price?
Thanks again

andre12031948

and more than 99% of the Nissan car salesmen, because I worked as a Nissan lease manager & since you don't care about throwing money down the toilet, I won't help you & mind my own business.

NOW, DID YOU REALLY TURN DOWN $30k FOR YOUR USED 2012 Z ???

I do realize it's still a leased car & you don't own it, but that can be worked with & taken care off.

SO DID YOU TURN DOWN $30K ?????

andre12031948

Every year our cars go up Oh, I don't remember that Edmunds BUYS cars

andre12031948

Just tell the next car dealer that you don't drive the car and ask him how much he would charge you to lease that car if you left it in the show room, just made the payments.

Do you at least know that you can get a low mileage lease for less money?

MY PROBLEM HERE IS THAT I'M JUST CONFUSED!!!

Leased a Maxima? Leased a Z? Don't know A thing about leasing. I just have a problem believing everything you wrote. It could be me?????

Anyway.... SORRY if I come across as cruel/nasty. It's just very hard to believe that someone leased 2 cars, paid sales taxes, insurance payments, lease payments that contain interest but it's not shown, + other costs and not read/understood the lease contracts.

That adds up to thousands of thousands & say he doesn't even drive the car(s)? I should be more cool and take it easy. I know that so if I can't, let me at least apologize if it helps.

Amj2020

You come across as ignorant and unable to read, not cruel or mean. Based on basically no one responding to your moronic questions, thoughts, etc, it must be close to the truth. Typical for a 'lease manager' but hey what do I know. You are making a lot of assumptions without me even saying anything, and ranting on and on here on a forum where a simple question was posed and you keep rattling on meaningless points. First, everyone has different financial situations and you don't have a clue about mine. Secondly, you don't even know the deal I worked out on my Z and assume its one thing when perhaps... I got a very low sale price and am leasing at an extremely low price or knew someone who owned the dealership. Third, you need to relax this forum is a great place except when you run into members like you. Glad I did not lease at any dealership you ever worked at.

andre12031948

Fair enough but from experience I can tell you that dealers get there factors, residual numbers, best/special rates for 2 or 3 year leases, everything from the Manufacturer's bank. In Nissan's case it's NMAC. That's why no matter who you know or what you think, YOU PAID THE PRICE!!!

Also I kind of stretched the truth about being a business manager. I didn't lie, I did do some leasing a long time ago before it was set up in the computers. I was given a chance to learn/understand them & do some of them with pencil, paper & a calculator. Best way to learn.

As far as the other stuff about knowing you, yes that's my problem. I don't know you, I don't understand what you did and have almost no idea what the hell you're doing/did/ or even talking about. That's the biggest problem. I'm open to listen not just to you but ANYBODY that read what you have written & thinks he understands.

I'm also(you'll be happy to hear) DONE WITH YOU!!!

shawnski

Wow ... Why so much argument??? Guys I have been In business for 15 years and pretty simple, when you lease you only pay for depreciation of the vehicle, the residual numbers are set by Nissan and money factor set by manufacture u either like the numbers and payment or you don't, payments are about 100 to 200 dollars less than financing of the car based on the price of car..YOU PAY NOW OR LATER..
There are many benefits to leasing
1. Gap insurance included in the deal.
2. Lower payments more luxury car for more affordable payment.
3. No need for extended warranty
4. Less maintenance spent
5. Get a new car and model every 3 years
6. Guarantee market value regardless of what happens to market 3 years from now
7. You have 4 option on leasing to do something with the car but two option on financing .

Why do u think people lease so many luxury cars like Beemer , Mercedes , Lexus, jaguar etc etc??

MadChemist

So when they fall apart in 2-3 years, you can get a new one and let someone else deal with fixing it.

shawnski

Bingo.. Lol