Nissan 370Z Forum

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-   -   are leasing offered for 370Z? (http://www.the370z.com/nissan-370z-pricing-ordering-discussions/746-leasing-offered-370z.html)

msb3079 12-28-2008 05:31 PM

don't understand why a lot of you put down leasing... if you have the car for a few years or less -- it is usually CHEAPER and involves less hassle.
someone else wanted to know why you would "mod" a leased car.. i modified my 2004 G35 and my 2008 G37... you just take the parts off and sell them or keep them on. what's the difference when you own the car anyway??

i'm still surprised so many people buy new cars... just old school thinking i guess. most people don't keep the car long enough to get the full value of purchasing.
then again... it all depends on how the leasing numbers work out with this car. i'm assuming they should be good tho.

dutty370Z 12-31-2008 08:26 PM

Quote:

Originally Posted by msb3079 (Post 13541)
don't understand why a lot of you put down leasing... if you have the car for a few years or less -- it is usually CHEAPER and involves less hassle.
someone else wanted to know why you would "mod" a leased car.. i modified my 2004 G35 and my 2008 G37... you just take the parts off and sell them or keep them on. what's the difference when you own the car anyway??

i'm still surprised so many people buy new cars... just old school thinking i guess. most people don't keep the car long enough to get the full value of purchasing.
then again... it all depends on how the leasing numbers work out with this car. i'm assuming they should be good tho.

Never thought of it that way, but you may actually be right. I generally get tired of a car after about 4 years. If Nissan offers some ridiculous lease terms like the $199/mth for a G37 Journey that Infiniti did, I might opt for a fully loaded 370z, enjoy it, then get rid of it in 3 or 4 years.

SHIFT_Z 01-01-2009 06:30 PM

leasing has its pros and cons, as does financing. but the Z has never been a good car to lease. It has the worst residual value of any nissan model ( not sure bout the GTR). so you really have to sit down and play numbers to see if it finacially makes sense.

Mythos219 01-01-2009 06:49 PM

There is no "don't lease at all" rule. Its a case by case situation. In general if you keep your cars for 10 years you are better off financing b/c the cost of the car is spread out over that period of time. If you can get the tax deductions, prefer a new car every few years, and have a healthy amount of disposable income leasing is the way to go. There is no ownership or equity in leasing which is one way people put down leasing by saying "well you pay all that money and you don't own it." That's nice, but you are the one driving the car and its in your driveway. For all intents and purposes you are the constructive owner of the car even if you don't have title to it. Plus, do we ever truly own anything in this world? At best all ownership claims, even to our physical bodies, are extinguished upon death. Things can quickly turn into a philosophical question which is beyond the discussion here. Suffice it to say leasing should not be dismissed so quickly as it is a viable sometimes better option depending on your financial circumstance and personal preferences.

dutty370Z 01-01-2009 08:42 PM

Quote:

Originally Posted by Mythos219 (Post 14738)
Plus, do we ever truly own anything in this world? At best all ownership claims, even to our physical bodies, are extinguished upon death. Things can quickly turn into a philosophical question which is beyond the discussion here.

*snaps fingers in the air* Right on ma brotha.

Pushing_Tin 01-02-2009 12:57 AM

Leasing can be good, if you payment is low enough all your doing is paying off most of the depreciation, money that would be long gone whether you bought or leased.

I leased a Lexus IS350 for 3 years, but I got tired of it after only a year and ended up finding somebody to swap with. If I lease again it will be for 24 months, but those are harder to find.

msb3079 01-08-2009 07:44 AM

Quote:

Originally Posted by Pushing_Tin (Post 14905)
I leased a Lexus IS350 for 3 years, but I got tired of it after only a year and ended up finding somebody to swap with. If I lease again it will be for 24 months, but those are harder to find.


i leased my G37 for 24 months... but the money factor was really good for that term so the monthly ended up being very close to the 36/39/ month with the right negotiation...
you should be able to lease almost any car for 24 months.. it's just whether or not it makes financial sense.

navcom46 01-11-2009 02:58 PM

Yes, leasing is offered, I leased one yesterday!!

brisk 01-11-2009 03:40 PM

Quote:

Originally Posted by SHIFT_Z (Post 14736)
leasing has its pros and cons, as does financing. but the Z has never been a good car to lease. It has the worst residual value of any nissan model ( not sure bout the GTR). so you really have to sit down and play numbers to see if it finacially makes sense.

what does it mean by worst residual value?
does that mean the z does not hold its value well compared to other nissans?

Pharmboy333 01-11-2009 07:00 PM

What kinda numbers were they throwing around as far as MF and residual if you dont mind me asking?

jehamilton_98 01-11-2009 07:22 PM

Quote:

Originally Posted by navcom46 (Post 18805)
Yes, leasing is offered, I leased one yesterday!!

If you dont mind, what is your payment and what are the lease details?

navcom46 01-12-2009 08:27 PM

I don't mind at all!!I agreed to pay MSRP which was $35470, I put $5000 out of pocket and my payment will be $604 a month which includes everything (tax, lic & reg fee) for 36 months, residual value in 3 years will be $20572, I hope that helps!

jehamilton_98 01-13-2009 12:32 AM

Quote:

Originally Posted by navcom46 (Post 19269)
I don't mind at all!!I agreed to pay MSRP which was $35470, I put $5000 out of pocket and my payment will be $604 a month which includes everything (tax, lic & reg fee) for 36 months, residual value in 3 years will be $20572, I hope that helps!

Sounds pretty good CONGRATS!!!! I got a black, base model with the sports package and the MSRP is $33,960. I paid the taxes which were $1,450 and the first months payment which is $486.42 for 48mo and 12K miles a year. I LOVE THE CAR!!!!! I have walked to the garage at least 5 times tonight just to look at it!!!

The only complaint that I have is that the clutch is WAY to soft. It's hard to feel but other than that, it is WAY better than my 350 in every way. I hope you get as much enjoyment out of your car as I have mine so far and again... CONGRATS!!!!!!!!

Zlips 01-13-2009 07:44 AM

Quote:

Originally Posted by navcom46 (Post 19269)
I don't mind at all!!I agreed to pay MSRP which was $35470, I put $5000 out of pocket and my payment will be $604 a month which includes everything (tax, lic & reg fee) for 36 months, residual value in 3 years will be $20572, I hope that helps!

$604 a month sounds pretty high when you put $5,000 cap cost reduction down. The residual is 58% which is not bad. Did you rollover any other costs from a trade in? I am not sure of your taxes so I used a standard 6% which puts the money factor at well over 12% which is very very high...If that's the case I may not be leasing this car after all.

navcom46 01-14-2009 12:04 PM

Cap reduction was $3700, unfortunately residual value on the Z is 53%, not 58%, and my state taxes are at 8.25% rate!! The money factor was high, I think it was .00318.


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