are leasing offered for 370Z?

msb3079 · 12-28-2008, 06:31 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, 09:26 PM

Quote:

Originally Posted by msb3079

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, 07:30 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, 07:49 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, 09:42 PM

Quote:

Originally Posted by Mythos219

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, 01:57 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, 08:44 AM

Quote:

Originally Posted by Pushing_Tin

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, 03:58 PM

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

brisk · 01-11-2009, 04:40 PM

Quote:

Originally Posted by SHIFT_Z

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, 08:00 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, 08:22 PM

Quote:

Originally Posted by navcom46

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, 09:27 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, 01:32 AM

Quote:

Originally Posted by navcom46

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, 08:44 AM

Quote:

Originally Posted by navcom46

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, 01:04 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.

01-11-2009, 03:58 PM	#23 (permalink)
navcom46 Base Member Join Date: Nov 2008 Location: SoCal Posts: 18 Drives: 370Z touring 6MT Rep Power: 17	Yes, leasing is offered, I leased one yesterday!! __________________ 2004 Redline 6MT (sold) 2004 Daytona Blue AT (totaled) 2009 Platinum Graphite 6MT+ black leather

01-12-2009, 09:27 PM	#27 (permalink)
navcom46 Base Member Join Date: Nov 2008 Location: SoCal Posts: 18 Drives: 370Z touring 6MT Rep Power: 17	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! __________________ 2004 Redline 6MT (sold) 2004 Daytona Blue AT (totaled) 2009 Platinum Graphite 6MT+ black leather

01-14-2009, 01:04 PM	#30 (permalink)
navcom46 Base Member Join Date: Nov 2008 Location: SoCal Posts: 18 Drives: 370Z touring 6MT Rep Power: 17	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. __________________ 2004 Redline 6MT (sold) 2004 Daytona Blue AT (totaled) 2009 Platinum Graphite 6MT+ black leather

12-28-2008, 06:31 PM	#16 (permalink)
msb3079 Base Member Join Date: Dec 2008 Location: collingswood.nj Posts: 133 Drives: 12 Touring Sport 6MT Rep Power: 16	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.

01-01-2009, 07:30 PM	#18 (permalink)
SHIFT_Z Base Member Join Date: Dec 2008 Location: NJ Posts: 111 Drives: 08 Altima Coupe 3.5 Rep Power: 299	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.

01-01-2009, 07:49 PM	#19 (permalink)
Mythos219 Base Member Join Date: Nov 2008 Location: USA Posts: 85 Drives: 06G35c,07FX,99G20t Rep Power: 17	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.

01-02-2009, 01:57 AM	#21 (permalink)
Pushing_Tin A True Z Fanatic Join Date: Nov 2008 Location: Eugene, OR Posts: 2,875 Drives: E63 AMG Rep Power: 228	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.

01-11-2009, 08:00 PM	#25 (permalink)
Pharmboy333 Base Member Join Date: Jan 2009 Location: NC Posts: 59 Drives: 2010 PW Nismo- 207 Rep Power: 16	What kinda numbers were they throwing around as far as MF and residual if you dont mind me asking?