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Prices Paid: Buying & Leasing Experiences Nissan 350Z Lease Questions
103 messages, Last post on Jun 15, 2009 at 4:58 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi Carman: You and kd were so helpful in educating me about leasing that I was saved from walking into a lease that would have cost me more money than it should. So, I put that dealer on the back burner until he calls me again (most likely in a few weeks to tell me they can now do what I thought was a fair deal). In the meantime I'm going to see if I can get a good deal leasing a 2005 or 2006 Nissan 350Z Enthusiast. What should I keep in mind for the residual and money factor. Also, what is the base and max amount for the "sell rate" markup because now I know they will throw that in too. I recall that the BMW lease was better if you stayed below a certain amount of months so if this holds true for the Nissan I'm also interested in how many months to lease for the best deal. 10 or 12,000 miles per year is fine. Thank you kindly. 
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I'm glad that you were able to learn so much by visiting this forum foxyroxy. Nissan is not currently providing any sort of lease money factor support on either the 2005 or 2006 350Z. If you were to lease one through Nissan Motor Acceptance Corp. right now you would have to use a buy rate lease money factor of .00255 for a 39 month lease. I picked this length lease because it is long enough to provide a reasonable lease payment, but inordinately long. You could go with a 36 month lease as well if you are worried about leasing for longer than Nissan's 3 year / 36,000 mile basic warranty, but your payment would be a little higher. NMAC's current 39 month 12,000 miles per year residual value for the 2005 350Z Coupe Enthusiast is 49%. The residual value for an otherwise identical lease of a 2006 model should be 51%. Nissan is actually providing a little support in the form of $1,000 dealer cash on the 2005 350Z to help dealers sell their leftover models. Make sure to take this cash into account when negotiating your car's capitalized cost. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 21, 2005 2:07 am)
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You're very welcome foxyroxy. Car_man Host Smart Shopper / Prices Paid Forums |
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I've made the biggest mistake by not educating myself on leasing a vehicle. I've recently leased a 350z, and it's a great car, but just last week I found out I was getting sent to Japan for 3 years. Thus, not being able to drive my car for the next 3 years. I was considering leaving it in storage here for the whole time I was stationed there and enjoy the benefits of having a low mileage Z for the rest of the time. I was set on buying it after my lease was up. Residual being $11k. Did I get a really bad deal? $434/mo for 66 mos. What other options could I expect? have someone else take over payments, military clause, etc... Thanks
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Replying to: 10til4z (Oct 17, 2005 4:10 pm) Lease Termination Fees and other costs That's a good place to talk about your options for doing a lease swap. kirstie_h Roving Host Host, Future Vehicles & Smart Shopper discussions |
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Hi, I was recently quoted for a 2006 350z roadster that has MSRP of $35,355 that I could get for $36,750. I am thinking of leasing, I never have, and want a 36 mnth term with 15k per year. The residual they gave was 55% and the money factor was 0.00295. I want to make sure these numbers are correct. Anything else I need to look at on the lease? What should I put down? I was thinking title/tags, security deposit, 1st mnth pmt, and taxes? Is that what I should be putting down? The example they gave me was a flat $5,000 down with monthly pmts of $554 with tax. I don't think I want to put that much down, put want to just make sure the numbers are right. Thanks for the help!
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meant to type $38,355 as MSRP above
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Replying to: casey350 (Nov 13, 2005 1:41 pm) The lease money factor that you were quoted for this car is a little high as well. Nissan Motor Acceptance Corp.'s current buy rate lease money factor for a 2006 350Z is .00265 for consumers who pay a security deposit and qualify for its top credit tier. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your 350Z would be exactly the same, regardless of whether you had put say $5,000 down, or had made absolutely no down payment at all. The bottom line here is that you need to see if you can negotiate a better deal on this car. Car_man Host Smart Shopper / Prices Paid Forums |
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