Nissan 370Z Forum  

Looking to buy a 2009. Is this a good deal?

OK I want to buy this new 6MT 2009 370Z Base with Sport Package. Dealer is willing to sell for $31,900. MSRP is a little over $33K. I might be

Go Back   Nissan 370Z Forum > Nissan 370Z General Area > Nissan 370Z Pricing / Ordering Discussions


Reply
 
LinkBack Thread Tools Display Modes
Old 01-20-2010, 09:14 PM   #1 (permalink)
A True Z Fanatic
 
tjlazer's Avatar
 
Join Date: Dec 2009
Location: Tacoma
Age: 52
Posts: 2,496
Drives: Z34, R35
Rep Power: 19
tjlazer is just really nicetjlazer is just really nicetjlazer is just really nicetjlazer is just really nice
Send a message via ICQ to tjlazer Send a message via MSN to tjlazer Send a message via Yahoo to tjlazer
Default Looking to buy a 2009. Is this a good deal?

OK I want to buy this new 6MT 2009 370Z Base with Sport Package. Dealer is willing to sell for $31,900. MSRP is a little over $33K. I might be able to get them a little lower as the car has over 300 miles on it and they cannot sell it. They say the color is not too popular. (Monterey Blue)

So here is my deal. I have fair credit. My payment will be $713 a month for 72 months with Nissan Credit. The lease is looking much better. $536 a month for 38 months. $2K down. ($1,800 Credit for promo) 10K miles a year. Buyout after term is $18K...

I did some numbers and it seems I am way better off doing the lease than financing the $32K at 15.5%! I could finance the 18K and try to do better than 15% and it will be like several K less total cost. (and I have the option to walk if I don't want the car at that point)

Thoughts?

Last edited by tjlazer; 01-20-2010 at 09:16 PM.
tjlazer is offline   Reply With Quote
Old 01-20-2010, 09:27 PM   #2 (permalink)
Track Member
 
ZPirate's Avatar
 
Join Date: Dec 2008
Location: Greenville, NC
Posts: 792
Drives: 09' 370Z & 03' 350Z
Rep Power: 17
ZPirate will become famous soon enough
Default

I can't really say whether buying or leasing is better for your particular situation, but for most buying is better in the long run.

As for the price $31,900 seems high for a 2009 with an MSRP of 33k. There are a lot of good deals out there on 09s for under invoice. Take alook at what's on the car and figure out what invoice is and then work down from there. There is a thread on here that will give you the invoice numbers.
__________________
2003 Daytona Blue 350Z Touring/Nismo
2009 Platinum Graphite 370Z Touring/Sport (Sold)
2009 BMW 135i/Dinan Stage 2 software upgrade/M3 suspension piecies/Koni Sports/ETS FMIC/Alufelgen SF-71 wheels
ZPirate is offline   Reply With Quote
Old 01-20-2010, 09:30 PM   #3 (permalink)
Base Member
 
Join Date: Jan 2009
Location: Philly
Posts: 12
Drives: 06 Nissan 350Z
Rep Power: 16
shiftmx05 is on a distinguished road
Default

I would find a better deal... and also, never finance imo

I got an email from a Norris Nissan with this deal:

2009 Nissan
370Z with Sport Package

MSRP was: $34,580
VIN: JN1AZ44E39M409576
Your Price: $28,998

here's a link to the car:
2009 Nissan 370Z For Sale | Ellicott City MD

Show this to your dealer and see what they can do.
shiftmx05 is offline   Reply With Quote
Old 01-20-2010, 09:40 PM   #4 (permalink)
Base Member
 
z man's Avatar
 
Join Date: Nov 2009
Location: DFW (Texas)
Posts: 75
Drives: 370z Black-09
Rep Power: 15
z man is on a distinguished road
Default

Whether the deal is good or bad is dependent upon how bad you want the vehicle. Of the two deals posted, the lease will be the most practical, provided you will be able to meet the lease requirements....but understand upon completing the lease you will either have to purchase the vehicle or opt to try to find another deal or vehicle. If you are purchasing, the 15% interest will be quite a bit added to the cost of the vehicle, and you will be upside down in the vehicle at a very quick rate (gap insurance should be considered).

My opinion, only my opinion, I would save more money for the down payment in order to possibly get a lower interest rate or work at getting the credit scores up so that the buy option would be more practical.

Either way, add up the total in payments for the lease and the total cost to buy the car...and that will help you determine how much you will pay for the car in the end, and hopefully help you with making your decision.

If the cost is too great, step away for a minute until a better offer can be provided to you and come back another day. What you do not want to do is regret the deal that was made six months after everything is final, and you can't get out of something you got into without loosing big.

It's just my opinion....everyone has one!
z man is offline   Reply With Quote
Old 01-20-2010, 09:50 PM   #5 (permalink)
A True Z Fanatic
 
tjlazer's Avatar
 
Join Date: Dec 2009
Location: Tacoma
Age: 52
Posts: 2,496
Drives: Z34, R35
Rep Power: 19
tjlazer is just really nicetjlazer is just really nicetjlazer is just really nicetjlazer is just really nice
Send a message via ICQ to tjlazer Send a message via MSN to tjlazer Send a message via Yahoo to tjlazer
Default

Well Invoice is like $31,400 or so according to the sticky. Should I be aiming for LESS than this for a 2009?
tjlazer is offline   Reply With Quote
Old 01-21-2010, 12:40 AM   #6 (permalink)
A True Z Fanatic
 
tonybui's Avatar
 
Join Date: May 2009
Location: Maryland
Posts: 1,397
Drives: 09 Sports 6 Speed
Rep Power: 427
tonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond repute
Default

Quote:
Originally Posted by shiftmx05 View Post
I would find a better deal... and also, never finance imo

I got an email from a Norris Nissan with this deal:

2009 Nissan
370Z with Sport Package

MSRP was: $34,580
VIN: JN1AZ44E39M409576
Your Price: $28,998

here's a link to the car:
2009 Nissan 370Z For Sale | Ellicott City MD

Show this to your dealer and see what they can do.
The link says 30,403 not 28,998 ??

I'm actually in MD and 15 mins away from that dealer, can you send me the email that you got quote there for that car please ?? I want to purchase, they gave me the price of 30,403 for that vehicle !! damn bitches

Last edited by tonybui; 01-21-2010 at 12:45 AM.
tonybui is offline   Reply With Quote
Old 01-21-2010, 07:17 AM   #7 (permalink)
Base Member
 
Join Date: Jan 2009
Location: Philly
Posts: 12
Drives: 06 Nissan 350Z
Rep Power: 16
shiftmx05 is on a distinguished road
Default

Tonybui,

If you PM me your email I could forward the email they sent me to you.
shiftmx05 is offline   Reply With Quote
Old 01-21-2010, 10:36 AM   #8 (permalink)
Base Member
 
Join Date: Jan 2010
Location: Sacramento
Posts: 23
Drives: 02 Honda S2000
Rep Power: 15
seecue is on a distinguished road
Default

Quote:
Originally Posted by z man View Post
Whether the deal is good or bad is dependent upon how bad you want the vehicle. Of the two deals posted, the lease will be the most practical, provided you will be able to meet the lease requirements....but understand upon completing the lease you will either have to purchase the vehicle or opt to try to find another deal or vehicle. If you are purchasing, the 15% interest will be quite a bit added to the cost of the vehicle, and you will be upside down in the vehicle at a very quick rate (gap insurance should be considered).

My opinion, only my opinion, I would save more money for the down payment in order to possibly get a lower interest rate or work at getting the credit scores up so that the buy option would be more practical.

Either way, add up the total in payments for the lease and the total cost to buy the car...and that will help you determine how much you will pay for the car in the end, and hopefully help you with making your decision.

If the cost is too great, step away for a minute until a better offer can be provided to you and come back another day. What you do not want to do is regret the deal that was made six months after everything is final, and you can't get out of something you got into without loosing big.

It's just my opinion....everyone has one!
I agree with this guy. I've made some financial mistakes, I promised myself I would never do that again. Waiting is painful, but in the end it should be worth it. BTW I'm still waiting.....=(
seecue is offline   Reply With Quote
Old 01-21-2010, 12:24 PM   #9 (permalink)
Enthusiast Member
 
areyouin729's Avatar
 
Join Date: Nov 2008
Location: Conshohocken
Age: 43
Posts: 301
Drives: 2009 370Z
Rep Power: 16
areyouin729 is on a distinguished road
Default

Quote:
Originally Posted by shiftmx05 View Post
I would find a better deal... and also, never finance imo

I got an email from a Norris Nissan with this deal:

2009 Nissan
370Z with Sport Package

MSRP was: $34,580
VIN: JN1AZ44E39M409576
Your Price: $28,998

here's a link to the car:
2009 Nissan 370Z For Sale | Ellicott City MD

Show this to your dealer and see what they can do.
never finance? why leasing a 370Z is a lot worse than financing one
areyouin729 is offline   Reply With Quote
Old 01-21-2010, 12:42 PM   #10 (permalink)
Base Member
 
Join Date: Jan 2009
Location: Philly
Posts: 12
Drives: 06 Nissan 350Z
Rep Power: 16
shiftmx05 is on a distinguished road
Default

Quote:
Originally Posted by areyouin729 View Post
never finance? why leasing a 370Z is a lot worse than financing one

This what happens when I stay up to late.

I meant to say I would never lease a vehicle.

I'm still trying to save up around 10k before I take out a loan to buy my Z.
shiftmx05 is offline   Reply With Quote
Old 01-21-2010, 02:34 PM   #11 (permalink)
A True Z Fanatic
 
tjlazer's Avatar
 
Join Date: Dec 2009
Location: Tacoma
Age: 52
Posts: 2,496
Drives: Z34, R35
Rep Power: 19
tjlazer is just really nicetjlazer is just really nicetjlazer is just really nicetjlazer is just really nice
Send a message via ICQ to tjlazer Send a message via MSN to tjlazer Send a message via Yahoo to tjlazer
Default

Thanks all.

I did the math and if I lease this is the total I am paying, with interest and with buyout: $45K. Financing with Nissan Credit: $51K. I am looking into a Credit Union to see if I can get a better rate on a loan...
tjlazer is offline   Reply With Quote
Old 01-21-2010, 03:45 PM   #12 (permalink)
Base Member
 
Join Date: Jan 2010
Location: Sacramento
Posts: 23
Drives: 02 Honda S2000
Rep Power: 15
seecue is on a distinguished road
Default

When you did your calculations, are you going to pay cash for the buy out price? If you are going to finance it it will cost you more, you are also not guaranteed the low rates we have now. Who knows what it will be 3-4 years from now.
seecue is offline   Reply With Quote
Old 01-21-2010, 10:07 PM   #13 (permalink)
A True Z Fanatic
 
tjlazer's Avatar
 
Join Date: Dec 2009
Location: Tacoma
Age: 52
Posts: 2,496
Drives: Z34, R35
Rep Power: 19
tjlazer is just really nicetjlazer is just really nicetjlazer is just really nicetjlazer is just really nice
Send a message via ICQ to tjlazer Send a message via MSN to tjlazer Send a message via Yahoo to tjlazer
Default

Quote:
Originally Posted by seecue View Post
When you did your calculations, are you going to pay cash for the buy out price? If you are going to finance it it will cost you more, you are also not guaranteed the low rates we have now. Who knows what it will be 3-4 years from now.
No I factored in the financing for the 18K

I applied at a Credit Union and got offered 9.7% but for 5K less than the cost of the car. I also got the dealer down to $30,900 for it! $500 less than invoice!! I now have to see if I can scrape up 5K in cash to make the deal!!!
tjlazer is offline   Reply With Quote
Old 01-21-2010, 11:23 PM   #14 (permalink)
A True Z Fanatic
 
tonybui's Avatar
 
Join Date: May 2009
Location: Maryland
Posts: 1,397
Drives: 09 Sports 6 Speed
Rep Power: 427
tonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond reputetonybui has a reputation beyond repute
Default

I thought the invoice for Z is 28,000 and sport package = 2,600 so it should be 30,600 at INVOICE. You are getting offered at 39,000 that is not 500 under invoice. Go lower than that !!
tonybui is offline   Reply With Quote
Old 01-25-2010, 10:54 AM   #15 (permalink)
A True Z Fanatic
 
tjlazer's Avatar
 
Join Date: Dec 2009
Location: Tacoma
Age: 52
Posts: 2,496
Drives: Z34, R35
Rep Power: 19
tjlazer is just really nicetjlazer is just really nicetjlazer is just really nicetjlazer is just really nice
Send a message via ICQ to tjlazer Send a message via MSN to tjlazer Send a message via Yahoo to tjlazer
Default

$31,365 is Invoice (with $720 destination fee)
tjlazer is offline   Reply With Quote
Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Just purchased one! (good deal or bad deal?) VancouverZ34 Canada 1 12-30-2009 01:27 AM
Is this a good deal? abcs Nissan 370Z Pricing / Ordering Discussions 1 08-28-2009 05:09 PM
HELP I need to know if this deal is good ? Zboi513 Nissan 370Z Pricing / Ordering Discussions 11 07-22-2009 04:52 PM
is this a good deal? olie2832 Canada 6 06-24-2009 11:13 PM
Good Deal? Jason Nissan 370Z Pricing / Ordering Discussions 4 05-12-2009 05:18 PM


All times are GMT -5. The time now is 10:44 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2