Leasing a 370z

Ninjahero

wait what? I can sell the car to a dealership early to buyout of the lease???

synolimit

Yeah. You can sell it at any time or call for a buy out price and turn it into a normal bank loan. As I said its still your car. You will have a payoff amount and since its a car it's still worth a certain dollar. If you're ahead or behind you can still sell it. You'll have positive or negative equity though based on everything.

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13 370z-

MacCool

Sure, if they'll buy it, which they will if they can make a buck at it. Depends on the car, depends on their market. Whether of not it makes sense for you depends on your current buyout compared to the vehicle's market value. In my case, Nissan offered to waive my last three payments (re-lease incentive) and the dealer bought it 6 months before last payment which got me out of three additional payments. I got a good deal on a 2014 Z ($37,000 for Touring/Sport w/ Nav) and that not only included trucking it 500 miles to the dealer but delivering it 90 miles right to my garage (snow/ice packed roads). They got a good deal on an immaculate Touring Sport with 15,000 miles. They had to put tires on it, but they'll sell it for $28,000 (they tell me). They must have been right because I see that it's disappeared from their used car website already and there's still a foot of snow on the ground.

My daily driver is a 2008 Sierra that I originally leased. Residual value (set at the time the lease was executed) was $19,000. After the lease was up, I still needed a 4wd truck but there was no touching a low-mileage used 4x4 for less than$28,000 so I bought the vehicle for the residual value. I could have easily sold that immaculate GMC with its 38,000 miles it for $30,000, but I needed a truck, so I bought it for the $19k plus sales tax.