Does this leasing term sound like a good deal?

zmyride · 12-07-2009, 02:28 AM

2009 370Z Coupe Lease
39 Months - $370/Month - $2,999 initial payment.

Excludes taxes, title, and license. $2,999 initial payment required at consummation. (Includes $2,629 consumer down payment, $370 first month payment).(INCLUDES $1,700 cash back applied to $370 MONTH lease. Offer valid only when financed through Nissan Motor Acceptance Corporation.) Subject to residency restriction. Varies by Nissan Region.

2009 370Z Coupe model 56169 subject to availability to well qualified lessees through Nissan-Infiniti LT. $30,650 MSRP incl. destination charge. Net capitalized cost of $25,904 Includes a $595 non-refundable acquisition fee. Dealer contribution may affect actual price set by dealer. Monthly payments total $14,430 At lease end, purchase for $16,244.50, plus $150 purchase option fee (except KS & WI), plus tax, or pay excess wear and tear plus $0.15 per mile for mileage over 12000 miles per year. Lessee is responsible for maintenance and repairs. A disposition fee is due at termination of lease term. See participating Dealer for details. Offer ends January 4, 2010.

armensti · 12-07-2009, 02:39 AM

is this a joke or are you serious? lolll

ChrisSlicks · 12-07-2009, 09:52 AM

Leasing deals suck on the Z, so it's probably about as good as your going to get. If you can come up with a reasonable down payment you are much better off purchasing even if your intent is to sell the vehicle in 3 years (especially with the 4.0% loans out there).

koeppelnissan · 12-07-2009, 10:03 AM

That's the new national ad that doesn't work in the Northeast. The cap cost reflects a selling price of 28533, which is pretty low ( but I think it's after the 1700 rebate that I don't have to offer here!)

areyouin729 · 12-07-2009, 11:49 AM

if you can afford $3,000, why not buy a 2009 and cash in on the tax credit

FuszNissan · 12-07-2009, 11:54 AM

I need to make a why not to lease a Z thread. I swear I have answered this question 100x

NMAC has a liquidity issue and to help there portfolio they are offering horrible leases to make you purchase, this way they can package there A paper with their C and D paper and take it to the market to sell.

Don't lease a Z unless you can write it off or down through your company.

Lou

areyouin729 · 12-07-2009, 02:56 PM

I never understood why anyone would even want to lease a Z

dudafunk · 12-07-2009, 03:59 PM

Unfortunately I am considering leasing because I might be leaving the country in 2 years. I can put a big down payment and purchase it too - but when there's a high probability that I will want to get rid of it in 2 years from now, shouldn't I lease it and therefor have cash access ($10,000) that would otherwise go towards my down payment if I buy?

Please suggest if in my case it would be wise to lease knowing leasing is a bad idea

(I am not worried about mileage limits - this will not be my daily).

dad · 12-07-2009, 04:11 PM

How Car Leasing Works. What Auto Dealers and Lease Companies Don't Want You to Know!

Five myths on leasing a car:
http://www.kiplinger.com/guides/cars/

chuckd05 · 12-07-2009, 04:24 PM

whats so bad about the OPs lease deal ? Seems like a good deal to me..

i leased mine simply because my G35 fell on its face after i owned it for 4 years and I have to assume the same might happen with the 370...

i pay exactly what the OP has listed but i have 15,000 miles a year with the same buy out.

im happy

FuszNissan · 12-07-2009, 05:20 PM

Did you put 3,000.00 down and that doesn't include tax, title, and license which will be about another $50.00 a month on top of that lease payment. Now if you did zero down add another $60.00.

ChrisSlicks · 12-07-2009, 08:48 PM

Quote:

Originally Posted by dudafunk

Unfortunately I am considering leasing because I might be leaving the country in 2 years. I can put a big down payment and purchase it too - but when there's a high probability that I will want to get rid of it in 2 years from now, shouldn't I lease it and therefor have cash access ($10,000) that would otherwise go towards my down payment if I buy?

Please suggest if in my case it would be wise to lease knowing leasing is a bad idea

(I am not worried about mileage limits - this will not be my daily).

You're going to get killed on early lease termination fees. You'll pay more for the lease either way, although it's more convenient.

dudafunk · 12-08-2009, 01:31 AM

^^^ I don't understand why early termination comes into play at all when I am pre-declaring that I want a 2 year lease (and not a conventional 36/39 month lease).

ChrisSlicks · 12-08-2009, 02:54 AM

Quote:

Originally Posted by dudafunk

^^^ I don't understand why early termination comes into play at all when I am pre-declaring that I want a 2 year lease (and not a conventional 36/39 month lease).

Sorry, confusing with the lease terms of the first post. I've seen some of the new leases are trying to sneak in a lease termination fee. Usually not a large payment, but annoying none the less.

nixxer · 12-08-2009, 05:51 AM

Quote:

Originally Posted by areyouin729

if you can afford $3,000, why not buy a 2009 and cash in on the tax credit

Could you please expound upon this tax credit thing? I'm unaware of anything like this and I would love some extra change in my pocket come tax time if I could. Thanks in advance.

12-07-2009, 02:28 AM	#1 (permalink)
zmyride Track Member Join Date: Nov 2009 Location: SF Bay Area Posts: 631 Drives: 10 Black Sports 7AT Rep Power: 17	Does this leasing term sound like a good deal? 2009 370Z Coupe Lease 39 Months - $370/Month - $2,999 initial payment. Excludes taxes, title, and license. $2,999 initial payment required at consummation. (Includes $2,629 consumer down payment, $370 first month payment).(INCLUDES $1,700 cash back applied to $370 MONTH lease. Offer valid only when financed through Nissan Motor Acceptance Corporation.) Subject to residency restriction. Varies by Nissan Region. 2009 370Z Coupe model 56169 subject to availability to well qualified lessees through Nissan-Infiniti LT. $30,650 MSRP incl. destination charge. Net capitalized cost of $25,904 Includes a $595 non-refundable acquisition fee. Dealer contribution may affect actual price set by dealer. Monthly payments total $14,430 At lease end, purchase for $16,244.50, plus $150 purchase option fee (except KS & WI), plus tax, or pay excess wear and tear plus $0.15 per mile for mileage over 12000 miles per year. Lessee is responsible for maintenance and repairs. A disposition fee is due at termination of lease term. See participating Dealer for details. Offer ends January 4, 2010.

12-07-2009, 11:54 AM	#6 (permalink)
FuszNissan A True Z Fanatic Join Date: May 2009 Location: St. Louis Posts: 14,275 Drives: Pure Sex Rep Power: 542	I need to make a why not to lease a Z thread. I swear I have answered this question 100x NMAC has a liquidity issue and to help there portfolio they are offering horrible leases to make you purchase, this way they can package there A paper with their C and D paper and take it to the market to sell. Don't lease a Z unless you can write it off or down through your company. Lou __________________ Mods: Too Many to list! LouFuszNissan ZDAYZ 2012

12-07-2009, 04:11 PM	#9 (permalink)
dad Grand Prix of Endurance Join Date: Nov 2008 Location: Tennessee Posts: 3,476 Drives: Mulsanne Straight Rep Power: 26	How Car Leasing Works. What Auto Dealers and Lease Companies Don't Want You to Know! Five myths on leasing a car: http://www.kiplinger.com/guides/cars/ Last edited by dad; 12-07-2009 at 04:13 PM.

12-07-2009, 04:24 PM	#10 (permalink)
chuckd05 A True Z Fanatic Join Date: Oct 2009 Location: NY Posts: 2,391 Drives: No longer a Z Rep Power: 20	whats so bad about the OPs lease deal ? Seems like a good deal to me.. i leased mine simply because my G35 fell on its face after i owned it for 4 years and I have to assume the same might happen with the 370... i pay exactly what the OP has listed but i have 15,000 miles a year with the same buy out. im happy __________________ 09 370Z 6M PW - FBO Best 1/4 mile = 12.926 @ 109 SOLD -- 08 BMW 135i - FBO 12.1@120mph SOLD -- white 09 e92 335 Coupe Mtech - 11.9 @ 119 :-)

12-07-2009, 05:20 PM	#11 (permalink)
FuszNissan A True Z Fanatic Join Date: May 2009 Location: St. Louis Posts: 14,275 Drives: Pure Sex Rep Power: 542	Did you put 3,000.00 down and that doesn't include tax, title, and license which will be about another $50.00 a month on top of that lease payment. Now if you did zero down add another $60.00. __________________ Mods: Too Many to list! LouFuszNissan ZDAYZ 2012

12-07-2009, 02:39 AM	#2 (permalink)
armensti Enthusiast Member Join Date: Mar 2009 Location: CA Posts: 447 Drives: 370Z/Tring/Spt/6MT Rep Power: 16	is this a joke or are you serious? lolll

12-07-2009, 09:52 AM	#3 (permalink)
ChrisSlicks A True Z Fanatic Join Date: Mar 2009 Location: North East Posts: 6,203 Drives: 09 370Z Sport M6 Rep Power: 653	Leasing deals suck on the Z, so it's probably about as good as your going to get. If you can come up with a reasonable down payment you are much better off purchasing even if your intent is to sell the vehicle in 3 years (especially with the 4.0% loans out there).

12-07-2009, 10:03 AM	#4 (permalink)
koeppelnissan Supporting Nissan Dealer Join Date: Oct 2009 Location: queens Posts: 859 Drives: 14 6MT Trng Spt Nav Rep Power: 17	That's the new national ad that doesn't work in the Northeast. The cap cost reflects a selling price of 28533, which is pretty low ( but I think it's after the 1700 rebate that I don't have to offer here!)

12-07-2009, 11:49 AM	#5 (permalink)
areyouin729 Enthusiast Member Join Date: Nov 2008 Location: Conshohocken Age: 43 Posts: 301 Drives: 2009 370Z Rep Power: 17	if you can afford $3,000, why not buy a 2009 and cash in on the tax credit

12-07-2009, 02:56 PM	#7 (permalink)
areyouin729 Enthusiast Member Join Date: Nov 2008 Location: Conshohocken Age: 43 Posts: 301 Drives: 2009 370Z Rep Power: 17	I never understood why anyone would even want to lease a Z

12-07-2009, 03:59 PM	#8 (permalink)
dudafunk Enthusiast Member Join Date: Nov 2009 Location: Long Island, NY Posts: 421 Drives: '09 370z Base Red AT Rep Power: 16	Unfortunately I am considering leasing because I might be leaving the country in 2 years. I can put a big down payment and purchase it too - but when there's a high probability that I will want to get rid of it in 2 years from now, shouldn't I lease it and therefor have cash access ($10,000) that would otherwise go towards my down payment if I buy? Please suggest if in my case it would be wise to lease knowing leasing is a bad idea (I am not worried about mileage limits - this will not be my daily).

12-08-2009, 01:31 AM	#13 (permalink)
dudafunk Enthusiast Member Join Date: Nov 2009 Location: Long Island, NY Posts: 421 Drives: '09 370z Base Red AT Rep Power: 16	^^^ I don't understand why early termination comes into play at all when I am pre-declaring that I want a 2 year lease (and not a conventional 36/39 month lease).

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