2013 touring/sports/auto/nav $530 month, 0 down

ssmoked

I met a guy yesterday with a 2013 Z that knows the owner of a dealership and only pays $530/month, including taxes, with 0 down. He even special ordered it 6 month in advance.

Just wondering how good of a deal is that? Im considering leasing too in the near future and he said he could prob bridge as the middle man if I stick with nissan products.

Anyone care to chime in and share how much their lease was?

nepali

$530/month for how many months? Is that rate for leasing or owning? What model?

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'11 SR/6MT/T/S

WhiskeyHotel

Yep - a low monthly payment does not a good deal make. Not enough info to decide...

GatorLCA

My own personal vehicle ('11 300C) was OTD $37k with a 2.9% APR and I pay $543 to own the vehicle with only $500 down. I got screwed on an APR on the previous car (9.5%) so I was tired of paying the interest. I always say to finance the vehicle unless you're so far under that you need the cheap payment on the lease to roll in and take the hit 3-4 years later.

Whats the Lease -End Value ? Term length? Mileage?

Eighties Meta

don't lease if you plan on modifying it.... you can't.

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2009 370z Touring 7AT/AAM 2.5 true dual exhaust/AAM DE test pipes/z1 vqde35 headers/AAM cold air intake (R-line)/Motordyne M370/Quaife LSD/z1 brake upgd pkg/Swift Spec-R springs/WhiteLine Front&Rear sway bars with endlinks

Ziggyman

Not even a tint.

DEpointfive0

I completely disagree


I'd just do full bolt ons, no tune

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ssmoked

It's a lease. Touring with sport, auto, and nav. 36 month he said. 12k miles/yr

I think he got the car at dealers true invoice bc of his relationship with the owner

Chuck33079

So, he's spending 19k over 3 years, with nothing to show for it at the end? What a deal. Never lease a car unless it's for business and you can write it off, or your company pays for it.

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2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

DEpointfive0

Wellll... At the end of the 3 years he goes and gets a new car while all of us are stuck with a car that's out of warranty


Thing is that I don't think the 370Z depreciates $19k in 3 years... Actually... Yeah, it kinda does... LOL

OP, if you pay the taxes up front you won't have to pay interest on it

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Chuck33079

The problem is that you never end up owning anything. That same 19k paid on a car note would have allowed some equity buildup. I guess if you're the type that absolutely has to drive a new car every three years, it makes more sense than buying since you'd basically only have paid the depreciation and interest on the note at that point. I guess I'm the weird one since I keep cars that I buy new 8-10 years.

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2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

diddy535

Yeah problem is if he buys with nothing done on a typical 60 month loan the monthly payment would be pretty high even of he gets a good rate

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Chuck33079

Yeah, that's not how you're supposed to buy a car. Substantial down payment (15-20%) and a three year note. Maybe a four year note at max, but that's pushing it. If you need 5+ years on a note to be able to afford the payment, buy less car. Of course, no one does that.

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2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

ssmoked

The reason I wrote this thread is to compare the rates on leases. One thing I forgot to mention is they first offered him 590 per month. I just wanted to see what others are paying for their leases.

Yes I agree after 3 yrs you don't own anything, but don't forget the depreciation of our cars after 3 yrs and there is no warranty unless you buy extended.

I actually own my 2011 Z btw.

diddy535

There's a couple threads on lease rates and what's a "good" deal, it's true you don't have to worry about depreciation or anything like that but it just seems like a lot to pay for a monthly car payment but again to each their own.

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