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)

msl82 12-15-2008 05:04 PM

are leasing offered for 370Z?
 
I wonder if leasing are offered for 370z?

shumby 12-15-2008 05:08 PM

we will see what lease rates will be when they hit the dealers

msl82 12-15-2008 05:25 PM

Quote:

Originally Posted by shumby (Post 8534)
we will see what lease rates will be when they hit the dealers

So they will offer leasing??

nogoodname 12-15-2008 05:28 PM

^^ yea, i think they will, why not???

all the other Nissans have leasing

BanningZ 12-15-2008 07:42 PM

Don't ever lease a car. Its kind of like the difference between Renting or owning a home. "Hey I just spent 48 months paying out cash, and I have nothing to show for it!" "Sweet!"

msl82 12-15-2008 07:59 PM

Quote:

Originally Posted by BanningZ (Post 8632)
Don't ever lease a car. Its kind of like the difference between Renting or owning a home. "Hey I just spent 48 months paying out cash, and I have nothing to show for it!" "Sweet!"

But, isnt it good option for people who would change their car after 3 or 4 years?, and also low monthly payment?

carlo_amacio 12-15-2008 08:09 PM

Quote:

Originally Posted by msl82 (Post 8638)
But, isnt it good option for people who would change their car after 3 or 4 years?, and also low monthly payment?

True that:icon17: I never did understand why people modify lease cars:confused:

BanningZ 12-15-2008 11:02 PM

Quote:

Originally Posted by msl82 (Post 8638)
But, isnt it good option for people who would change their car after 3 or 4 years?, and also low monthly payment?

Having a Trade in is a nice thing. Also, where are you seeing cheap leasing options for a 30K-40K car?

nogoodname 12-16-2008 09:08 AM

^^ Having a trade isnt that nice, everyone gets screwed over on a trade-in


some ppl got leasing for the G and it comes with free maintenance....that's really good for them

BanningZ 12-16-2008 09:56 AM

Quote:

Originally Posted by nogoodname007 (Post 8850)
^^ Having a trade isnt that nice, everyone gets screwed over on a trade-in


some ppl got leasing for the G and it comes with free maintenance....that's really good for them

Is that a Canada thing? The last two cars I traded in, I got atleast $2000 over KBB.

I'm hoping to get around 9K for my Celica. Its not riced out with APC gear, its all TRD parts, and some injen, and Tanabe.
My local Toyota dealership has asked to buy it three times, so I think I'll get a fair price, otherwise I'll sell it privately.

:tup:

nogoodname 12-16-2008 09:58 AM

^^ many ppl on the G forums got screwed over on trade-ins, it was like every single person trading in. one after the other were being taken advantaged..lol

you did good then, hopefully you'll get a home-run with the 370z

BanningZ 12-16-2008 10:52 AM

Quote:

Originally Posted by nogoodname007 (Post 8868)
^^ many ppl on the G forums got screwed over on trade-ins, it was like every single person trading in. one after the other were being taken advantaged..lol

you did good then, hopefully you'll get a home-run with the 370z

We'll see. I havent heard good things about my local dealers. :icon14:

nogoodname 12-16-2008 10:54 AM

selling privately is always better, well most times it is

msl82 12-16-2008 12:26 PM

I am noob at selling cars. Can one of you wise guys help me out?

I want to sell my Acura TSX, but it isnt fully paid yet. I think i paid about half the car price through monthly financing, and have two years left to pay out of four year payments.

What happends when I do trade-ins? Would i be left with no money because I havent fully paid off my loan payments? Thanks...

BanningZ 12-16-2008 12:33 PM

Quote:

Originally Posted by msl82 (Post 8950)
I am noob at selling cars. Can one of you wise guys help me out?

I want to sell my Acura TSX, but it isnt fully paid yet. I think i paid about half the car price through monthly financing, and have two years left to pay out of four year payments.

What happends when I do trade-ins? Would i be left with no money because I havent fully paid off my loan payments? Thanks...


talk to your bank that you finance through first, if you currently have a high rate then tell them that you are looking for a lower rate on a new car. If they don't budge, then shop around at credit unions for loan options. Banks are looking for business, but their rates have gotten very conservative and they are only lending to people with experienced credit. Then go talk to the dealer. Tell him/her what kind of options you've been offered after you talk him/her down on the car price, it might swing more leverage towards you, if he can't do better or atleast match the financing.

Just a thought. :D

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.

ssqpolo 01-14-2009 12:08 PM

yes they do lease...I am leasing mine for 36 months/15000 miles per yaer

Zlips 01-14-2009 01:36 PM

Quote:

Originally Posted by navcom46 (Post 19831)
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.

How are you calculating a 53% residual? I used the MSRP you listed of $35,000 and change multiplied by 58% gave me the $20,500 figure. 53% is absolutely awful if that is the actual residual after three years. I guess your higher tax rate does make up for a good portion of it though. O'well I will have to check it out for myself once the dealers in Orlando actually have a car in stock.

navcom46 01-15-2009 12:33 PM

The 53% figure was actually given to me by a Nissan sales manager, because I asked him a direct question, but when I looked at the leasing papers, it just does not make sense! so what I think is going on, is, they joggle the residual value v/s money factor to drop the monthly payment to make a sale! since their original lease offer (with the same MSRP) was $639, and I said that it was too high! so they dropped it to $604.
I hope that makes sense!

4MYZ370 01-15-2009 05:42 PM

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!


Nissan leased me a 08 Altima MSRP $20,878 24 months $200 + 17 tax ( ends 2/1/2010 )

Using that (HA HA) the 370Z at $41,756 24 months Sould be $400 +34 tax
434X 24 = $10,416 (get new Z every 24 months) Thats $5,208 per year :eek:







------------------------------------:stirthepot:

navcom46 01-16-2009 12:18 AM

If you can get a 2009 370z for $5208/year for two years, I salute you!! I have my doubts about that, but good luck anyway!!!

Zlips 01-16-2009 01:40 PM

You can't compare the two different cars, altima to Z, because the manufacturers run special incentives if they need to move a car. They know the Z is new and in higher demand so they just jack the money factor up in order to make more money off the car.

zelerious 01-16-2009 02:27 PM

Can somebody please edit the title of this thread, it makes me a little angry inside whenever I read it! :icon14:

4MYZ370 01-16-2009 05:26 PM

Quote:

Originally Posted by Zlips (Post 20568)
You can't compare the two different cars, altima to Z, because the manufacturers run special incentives if they need to move a car. They know the Z is new and in higher demand so they just jack the money factor up in order to make more money off the car.

Did you notice The HA HA

I went to the dealer today

24month at 66% msrp =w/tax $985 = $23,640 less 8.5% = $21,630

24 mo. to buy w/ VPP $38,075 (MSRP $41,840) w/ $5,000 down - $1,451 payments (Z value =66% off leaves $15,000 Div. by 24 = $625 per month in your pocket ($1451 - $985 = $466 mo.) opps $159 compaired to lease.


36 moonths at Didn;t give = w/tax $650 = $23,400 less 8.5% = $21,411

36 mo. to buy w/ VPP payments are $996





.

Jasonviper 01-16-2009 09:06 PM

Can anyone confirm if the residual value is 66% for 24 month lease? and will the MF be .00318??

G in ny 01-20-2009 02:08 PM

wtf why are the lease prices so high you might as well finance


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