Lease rates...yikes!

jtk · 09-27-2012, 02:12 PM

I am currently pricing a lease for a 2013, touring/sport auto no nav. I just s/w a dealer and he quoted me $41k @ $655/m (incl. tax) w/ zero down except drive off costs. The dealer said the residual rates are currently very high, which is the reason for the high monthly. If this is an accurate quote, what's the likelihood that these rates will come down in the next couple months?

Thanks for any info!

Red_Z · 09-27-2012, 02:45 PM

wow...thats bad deal...u can buy a brand new Z for that $$$.

Mike · 09-27-2012, 05:28 PM

high residual rates would mean a lower payment. Nissan had a lease special a few months ago that was pretty good.

jtk · 09-27-2012, 06:23 PM

Thanks. Is there any way to predict future rates, in the sense that they might be seasonal and better in the fall, etc.?

Cmike2780 · 09-27-2012, 06:33 PM

It's nearly impossible to find a good lease deal on the Z. You might as well purchase it and trade it in later. They seem to be holding value pretty well.

martin82 · 09-27-2012, 07:33 PM

Jan-June or so, base was like 299 or 399? a month I can't remember, but it was damn cheap...

Z-Girl 12 · 09-27-2012, 07:42 PM

Dang.....that is insane. Id buy and trade later...that lease rate is rape

koeppelnissan · 09-27-2012, 09:11 PM

There were good leases from March through July, on 12s, to make room for 13s. There won't be good leases until the next time they change the Z. The rate is high (.0025) and the residuals are okay. Nissan does not want to lease a ton of Zs, at a range any kid could afford, let them beat the **** out of the car, and then Nissan takes the hit when the car is returned!

JungleZ · 09-27-2012, 09:41 PM

I got in on the $299 Z lease special for April, I had to put down 3000$ to pay 350$ a month because i had zero credit. Its the base model though..Still gonna buy it in the end and take a hit on a couple thousand to raise my credit after the 3 years. Also after a year of on time payments with Nissan finance you are eligible for any Nissan even with crappy credit.

jtk · 09-27-2012, 10:10 PM

Thanks for the input! I am relocating to Los Angeles mid-October, and my company will give me a rental for a month or so. Hopefully the rates will change by November or early December! In the meantime, I respectfully request that people stop posting pictures of their new Zs!

LakeShow · 09-28-2012, 12:08 AM

Quote:

Originally Posted by koeppelnissan

There were good leases from March through July, on 12s, to make room for 13s. There won't be good leases until the next time they change the Z. The rate is high (.0025) and the residuals are okay. Nissan does not want to lease a ton of Zs, at a range any kid could afford, let them beat the **** out of the car, and then Nissan takes the hit when the car is returned!

Makes a lot of sense. This is true for many sports cars among many manufacturers.

axmea? · 09-28-2012, 12:30 AM

I made a killing on my '12 purchase in May. A KILLING I tell 'ya.

LakeShow · 09-28-2012, 12:34 AM

Quote:

Originally Posted by axmea?

I made a killing on my '12 purchase in May. A KILLING I tell 'ya.

Explain your killer deal

axmea? · 09-28-2012, 11:23 PM

Pmd

lacarnut · 09-29-2012, 01:05 AM

If you lease a vehicle, you will need to get gap insurance.

That lease rate is a bad deal. You could get a Corvette or a BMW 335 for that amount of money

09-27-2012, 02:12 PM	#1 (permalink)
jtk Base Member Join Date: Aug 2012 Location: LA Posts: 4 Drives: none Rep Power: 13	Lease rates...yikes! I am currently pricing a lease for a 2013, touring/sport auto no nav. I just s/w a dealer and he quoted me $41k @ $655/m (incl. tax) w/ zero down except drive off costs. The dealer said the residual rates are currently very high, which is the reason for the high monthly. If this is an accurate quote, what's the likelihood that these rates will come down in the next couple months? Thanks for any info! Last edited by jtk; 09-27-2012 at 05:24 PM.

09-27-2012, 05:28 PM	#3 (permalink)
Mike The370Z.com Sponsor Join Date: Jun 2009 Location: Loganville, GA Posts: 5,944 Drives: 370z Rep Power: 2186	high residual rates would mean a lower payment. Nissan had a lease special a few months ago that was pretty good. __________________ NISSAN: 75 280Z / 86 300ZX GLL /87 Sentra SE / 03 350Z / 23 Z Porsche: 93 968 / 23 Macan GTS / 93 968

09-27-2012, 06:33 PM	#5 (permalink)
Cmike2780 A True Z Fanatic Join Date: Jun 2010 Location: Long Island Posts: 5,059 Drives: slowwww Rep Power: 29	It's nearly impossible to find a good lease deal on the Z. You might as well purchase it and trade it in later. They seem to be holding value pretty well. __________________ [09][MB][6-Spd MT][Touring][Stillen Gen III][K&N][Borla CBE][Evo-R] [ArchitTEK Photography]

09-27-2012, 07:42 PM	#7 (permalink)
Z-Girl 12 A True Z Fanatic Join Date: Apr 2012 Location: Florida Posts: 4,105 Drives: Spirited Rep Power: 11716	Dang.....that is insane. Id buy and trade later...that lease rate is rape __________________ 2012 Z-SOLD 2014 Nismo #565 Fast Intentions CBE/HFC/Swift/SPC/RJM/H&R-15/20mm/Z1 CAI/Headers/Intake Manifold w/Uprev Tune 328.31whp/263.64tq

09-27-2012, 09:11 PM	#8 (permalink)
koeppelnissan Supporting Nissan Dealer Join Date: Oct 2009 Location: queens Posts: 859 Drives: 14 6MT Trng Spt Nav Rep Power: 17	There were good leases from March through July, on 12s, to make room for 13s. There won't be good leases until the next time they change the Z. The rate is high (.0025) and the residuals are okay. Nissan does not want to lease a ton of Zs, at a range any kid could afford, let them beat the **** out of the car, and then Nissan takes the hit when the car is returned! Mike likes this.

09-27-2012, 02:45 PM	#2 (permalink)
Red_Z Enthusiast Member Join Date: May 2012 Location: California Posts: 332 Drives: A red Z Rep Power: 15	wow...thats bad deal...u can buy a brand new Z for that $$$.

09-27-2012, 06:23 PM	#4 (permalink)
jtk Base Member Join Date: Aug 2012 Location: LA Posts: 4 Drives: none Rep Power: 13	Thanks. Is there any way to predict future rates, in the sense that they might be seasonal and better in the fall, etc.?

09-27-2012, 07:33 PM	#6 (permalink)
martin82 A True Z Fanatic Join Date: Nov 2011 Location: los angeles Posts: 2,636 Drives: 12 Nissan 370Z MB M6 Rep Power: 20	Jan-June or so, base was like 299 or 399? a month I can't remember, but it was damn cheap...

09-27-2012, 09:41 PM	#9 (permalink)
JungleZ Banned Join Date: Aug 2012 Location: orange county,ca Posts: 652 Drives: leased base z... Rep Power: 0	I got in on the $299 Z lease special for April, I had to put down 3000$ to pay 350$ a month because i had zero credit. Its the base model though..Still gonna buy it in the end and take a hit on a couple thousand to raise my credit after the 3 years. Also after a year of on time payments with Nissan finance you are eligible for any Nissan even with crappy credit.

09-27-2012, 10:10 PM	#10 (permalink)
jtk Base Member Join Date: Aug 2012 Location: LA Posts: 4 Drives: none Rep Power: 13	Thanks for the input! I am relocating to Los Angeles mid-October, and my company will give me a rental for a month or so. Hopefully the rates will change by November or early December! In the meantime, I respectfully request that people stop posting pictures of their new Zs!

09-28-2012, 12:30 AM	#12 (permalink)
axmea? A True Z Fanatic Join Date: Apr 2012 Location: SoCal Posts: 6,236 Drives: WELL ZED PW 6MT Rep Power: 53241	I made a killing on my '12 purchase in May. A KILLING I tell 'ya.

09-28-2012, 11:23 PM	#14 (permalink)
axmea? A True Z Fanatic Join Date: Apr 2012 Location: SoCal Posts: 6,236 Drives: WELL ZED PW 6MT Rep Power: 53241	Pmd

09-29-2012, 01:05 AM	#15 (permalink)
lacarnut Base Member Join Date: Jul 2012 Location: Baton Rouge, LA Posts: 30 Drives: 2011 Infiniti G37- Rep Power: 13	If you lease a vehicle, you will need to get gap insurance. That lease rate is a bad deal. You could get a Corvette or a BMW 335 for that amount of money Last edited by lacarnut; 09-29-2012 at 01:08 AM.

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