Have you leased a 370?

dudafunk · 12-04-2009, 10:45 AM

1. Money factor stays the same whether its a 36 month lease or a longer / shorter lease?

2. Money factor stays the same if I pick 10k miles or 15k miles a year?

3. Writing off is only for business owners / self employed right? I am a regular employee.

I MIGHT have to return to my home county in exactly 2 years so I'm considering leasing. I know I'll be able to sell if off as well if I buy it (and I can put around $10,000 down), but when there's already uncertainty I'm thinking might as well go on the leasing route. Mileage limits are not a problem since I have my beater.

370Zsteve · 12-04-2009, 10:46 AM

Quote:

Originally Posted by dudafunk

Looking to buy from this dealer too (uncertain due to the recent scandal - did you hear? If not see my posts on it in general discussions / Google it)

The "scandal" you refer to was a media-hyped piece of BS. Apparently, a few people walked out of a dealership after negotiating a deal and didn't take their paperwork with them

. Then they complained that the monthly costs were "not what they expected".

I spoke with them a few times last month when I was buying. They gave me a great deal over the phone on a Chicane Yellow Touring/Sport ($35,250). Very pleasant and easy to deal with.

They also a large-volume dealer and have quite a few '09s still in-stock.

dudafunk · 12-04-2009, 10:52 AM

Quote:

Originally Posted by 370Zsteve

The "scandal" you refer to was a media-hyped piece of BS. Apparently, a few people walked out of a dealership after negotiating a deal and didn't take their paperwork with them

. Then they complained that the monthly costs were "not what they expected".

Yes I agree buddy - thats the point I've been emphasizing on my thread here:
NY Smithtown Nissan dealership lawsuit over altered prices!!!

But no one really got back strongly agreeing. I've made around 3-4 trips to the dealership myself, they have 24 Z's left.

MindFusion FX · 12-04-2009, 11:00 AM

i'm still looking to lease as well and i will definitely be writing off the lease!

j.arnaldo · 12-04-2009, 11:23 AM

...no...but I do wish I could buy one--the old-fashioned way!

shesha · 12-04-2009, 12:08 PM

$500/mo with $1200 down

This is my payment!

dudafunk · 12-04-2009, 12:22 PM

^^^^^ doesn't help till you mention exact trim, mileage, duration :-)

Also, still confused:

1. Money factor stays the same whether its a 36 month lease or a longer / shorter lease?

2. Money factor stays the same if I pick 10k miles or 15k miles a year?

shesha · 12-04-2009, 12:48 PM

Quote:

Originally Posted by dudafunk

^^^^^ doesn't help till you mention exact trim, mileage, duration :-)

Also, still confused:

1. Money factor stays the same whether its a 36 month lease or a longer / shorter lease?

2. Money factor stays the same if I pick 10k miles or 15k miles a year?

I am sorry Base model.........12k per year 39 months.

FuszNissan · 12-04-2009, 01:32 PM

Quote:

Originally Posted by dudafunk

^^^^^ doesn't help till you mention exact trim, mileage, duration :-)

Also, still confused:

1. Money factor stays the same whether its a 36 month lease or a longer / shorter lease?

2. Money factor stays the same if I pick 10k miles or 15k miles a year?

1.If you go longer the money factor will go up. If you credit isn't that great your Money factor will go up

2.yes, the only thing that will change is the residual. Residual will increase (which is good) when you take less than 15K miles. But if you need more than 15K then you will have to pay upfront for extra miles at a discount then paying after term is complete, but the residual will not lower if you go over 15k miles. I hope I am not confusing you more.

Lou

mishlkdusi · 12-04-2009, 01:50 PM

he only thing that will change is the residual. Residual will increase (which is good) when you take less than 15K miles. But if you need more than 15K then you will have to pay upfront for extra miles at a discount then paying after term is complete, but the residual will not lower if you go over 15k miles. I hope I am not confusing you more.

dudafunk · 12-04-2009, 01:59 PM

The Z will be the second car so I can take the lowest 10k miles.

But the money factor -> How do I find out the best possible money factor? I mean, like in terms of buying I have seen the best rates on Nissan dealership financing was 3.78% for one of the users. How do I find out the "best" money factor similarly?

Similarly, the "best" residual for lowest mileage - where is this published (the way invoice pricing is published).

I don't want the dealer to tell me these values because I've already seen how they play around so much in leasing (there's so many plugs they pull), I want to know the best possible values from other research sources.

FuszNissan · 12-04-2009, 02:24 PM

The money factor is set at .00350 that is the best money factor, the reason why is NAMC's liquidity is an issue, so they are making it clear to the public for people to buy. They have increased the money factors to make you buy. This way it will help their liquidity issue.

dudafunk · 12-04-2009, 02:35 PM

OK so lets fix the money factor to the constant you mention.

How do I learn the best residual next... looking for a 36 month lease (will prefer 24 months but not seen anyone get those), 10k miles either base or touring + nav, both cases automatic.

(My complication is that I MAY have to leave the country in two years so I'm trying to see whats better. I do understand that its better to buy the Z but I have my immigration constraints).

koeppelnissan · 12-05-2009, 12:56 PM

Quote:

Originally Posted by dudafunk

OK so lets fix the money factor to the constant you mention.

How do I learn the best residual next... looking for a 36 month lease (will prefer 24 months but not seen anyone get those), 10k miles either base or touring + nav, both cases automatic.

(My complication is that I MAY have to leave the country in two years so I'm trying to see whats better. I do understand that its better to buy the Z but I have my immigration constraints).

At 10k miles, auto trans, residual is 60% for base @ 24 mos, 59% for touring @ 24 mos. 36 mos, 10k residual is 53% for base, 52% for touring. Money factor in Northeast is .00315, tier 1 through nmac.

MindFusion FX · 12-05-2009, 09:43 PM

i got a call today from a nissan in my area and i was offered $391/mo with $2500 down on an 09 base+sport+auto.

I turned them down because i want a 6mt, but the price is looking great. i'm sure with some haggling i can get the down payment lower.

12-04-2009, 01:50 PM	#25 (permalink)
mishlkdusi Base Member Join Date: Dec 2009 Location: afsf Posts: 1 Drives: safs Rep Power: 16	he only thing that will change is the residual. Residual will increase (which is good) when you take less than 15K miles. But if you need more than 15K then you will have to pay upfront for extra miles at a discount then paying after term is complete, but the residual will not lower if you go over 15k miles. I hope I am not confusing you more. __________________ simulation de credits immo gratuit \| Taux pret simulateur de credit immobilier \| Simulateur de credit auto

12-04-2009, 02:24 PM	#27 (permalink)
FuszNissan A True Z Fanatic Join Date: May 2009 Location: St. Louis Posts: 14,275 Drives: Pure Sex Rep Power: 542	The money factor is set at .00350 that is the best money factor, the reason why is NAMC's liquidity is an issue, so they are making it clear to the public for people to buy. They have increased the money factors to make you buy. This way it will help their liquidity issue. __________________ Mods: Too Many to list! LouFuszNissan ZDAYZ 2012

12-04-2009, 10:45 AM	#16 (permalink)
dudafunk Enthusiast Member Join Date: Nov 2009 Location: Long Island, NY Posts: 421 Drives: '09 370z Base Red AT Rep Power: 16	1. Money factor stays the same whether its a 36 month lease or a longer / shorter lease? 2. Money factor stays the same if I pick 10k miles or 15k miles a year? 3. Writing off is only for business owners / self employed right? I am a regular employee. I MIGHT have to return to my home county in exactly 2 years so I'm considering leasing. I know I'll be able to sell if off as well if I buy it (and I can put around $10,000 down), but when there's already uncertainty I'm thinking might as well go on the leasing route. Mileage limits are not a problem since I have my beater.

12-04-2009, 11:00 AM	#19 (permalink)
MindFusion FX Base Member Join Date: Nov 2009 Location: Hollywood, FL Posts: 132 Drives: Getting a 370 Soon Rep Power: 16	i'm still looking to lease as well and i will definitely be writing off the lease!

12-04-2009, 11:23 AM	#20 (permalink)
j.arnaldo Banned Join Date: Oct 2009 Location: Puerto Rico Posts: 937 Drives: Nissan 350Z, 2004 Rep Power: 0	...no...but I do wish I could buy one--the old-fashioned way!

12-04-2009, 12:08 PM	#21 (permalink)
shesha Base Member Join Date: May 2009 Location: Los Angeles Posts: 159 Drives: 370z Silver Rep Power: 16	$500/mo with $1200 down This is my payment!

12-04-2009, 12:22 PM	#22 (permalink)
dudafunk Enthusiast Member Join Date: Nov 2009 Location: Long Island, NY Posts: 421 Drives: '09 370z Base Red AT Rep Power: 16	^^^^^ doesn't help till you mention exact trim, mileage, duration :-) Also, still confused: 1. Money factor stays the same whether its a 36 month lease or a longer / shorter lease? 2. Money factor stays the same if I pick 10k miles or 15k miles a year?

12-04-2009, 01:59 PM	#26 (permalink)
dudafunk Enthusiast Member Join Date: Nov 2009 Location: Long Island, NY Posts: 421 Drives: '09 370z Base Red AT Rep Power: 16	The Z will be the second car so I can take the lowest 10k miles. But the money factor -> How do I find out the best possible money factor? I mean, like in terms of buying I have seen the best rates on Nissan dealership financing was 3.78% for one of the users. How do I find out the "best" money factor similarly? Similarly, the "best" residual for lowest mileage - where is this published (the way invoice pricing is published). I don't want the dealer to tell me these values because I've already seen how they play around so much in leasing (there's so many plugs they pull), I want to know the best possible values from other research sources.

12-04-2009, 02:35 PM	#28 (permalink)
dudafunk Enthusiast Member Join Date: Nov 2009 Location: Long Island, NY Posts: 421 Drives: '09 370z Base Red AT Rep Power: 16	OK so lets fix the money factor to the constant you mention. How do I learn the best residual next... looking for a 36 month lease (will prefer 24 months but not seen anyone get those), 10k miles either base or touring + nav, both cases automatic. (My complication is that I MAY have to leave the country in two years so I'm trying to see whats better. I do understand that its better to buy the Z but I have my immigration constraints).

12-05-2009, 09:43 PM	#30 (permalink)
MindFusion FX Base Member Join Date: Nov 2009 Location: Hollywood, FL Posts: 132 Drives: Getting a 370 Soon Rep Power: 16	i got a call today from a nissan in my area and i was offered $391/mo with $2500 down on an 09 base+sport+auto. I turned them down because i want a 6mt, but the price is looking great. i'm sure with some haggling i can get the down payment lower.