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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

What is this discussion about? Nissan 350Z, Car Leasing, Coupe, Convertible


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#19 of 103
Residual for 350Z by dslam1
Feb 04, 2006 (4:49 am)
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Hey guys, I have been looking at getting a new car in the past few months and looking to buy around april time. Currently i have gone through 25+ cars and have narrowed it down to the 350Z and Acura TL i already have a quote with acura for a lease payment but i was wondering if anyone knew the residual for the 350Z. Basically i am looking for a 2 year 15K lease and am going to put a down payment equal to the depreciation of the vehicle, or in other words i will only pay finance charges. I have quoted out an acura tl with nav msrp around $36k even though i will get at invoice and with putting 9100 down with a bad int rate (9._ %) my payment still stays in the 130 - 250 a mo price range. I can afford up to 1100 a month for a car but would rather keep it in this range so i can get a speedboat and SUV as well. Any info would be greatly appreciated.
#20 of 103
Re: 350Z Lease [unclejbird] by Car_man HOST
Feb 20, 2006 (4:11 am)
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Replying to: unclejbird (Jan 19, 2006 5:08 pm)

Hi unclejbird. The lease payment for the car that you are interested in will depend upon a number of factors, including its MSRP, selling price, how long you lease it for, and how many miles per year you need to be able to drive it. I would be happy to give you an idea of what your lease payment for the exact 350Z that you want should be like right now if you provide me with the aforementioned information. I can tell you how much it would cost to lease with no down payment and what sort of money you would need to put down to hit the $400 a month target that you have in mind. Having said this, it's never a good idea to make capitalized cost reductions when leasing. Anyhow, let me know and I'll run some calculations for you.
 
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#21 of 103
Re: Curious on lease buy rate and residuals on 350Z [glhboy] by Car_man HOST
Feb 20, 2006 (4:37 am)
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Replying to: glhboy (Jan 24, 2006 6:29 pm)

Hi glhboy. I'd be happy to give you an idea of what the lease program is like on the car that you are interested in right now. However, I cannot estimate what your lease payment will be without knowing its full MSRP. If you were to lease a 2006 Nissan 350Z Coupe base model through Nissan Motor acceptance Corp. right now for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00275 and 48%, respectively. I provided you with this car's 15,000 mile per year residual value because that is the highest mileage allowance that NMAC publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
 
I probably do not need to tell you this, but you would be better off waiting until you are less upside down on your current vehicle to get something new. Not only will you end up paying much more for your Z than you normally would have by rolling so much negative equity into your lease, but you probably will not be able to roll it all in. If this is the case, then you will have to pay thousands of dollars out of your own pocket at lease signing.
 
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#22 of 103
Re: Nissan 350Z: Lease Questions [Car_man] by mc4life
Feb 27, 2006 (4:58 pm)
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Replying to: Car_man (Aug 31, 2005 4:07 pm)

Ok I made a stupid mistake signing the paper for an automatic Z 2 months ago..I test drove both but the dealers somehow convinced me of getting the AT...But I really want that 6MT...My question is how much will I be upside down on my lease if I want to trade it for a Manual or is that even possible?
#23 of 103
Re: Nissan 350Z: Lease Questions [mc4life] by Car_man HOST
Mar 21, 2006 (3:05 am)
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Replying to: mc4life (Feb 27, 2006 4:58 pm)

Hi mc4life. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
  
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
 
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#24 of 103
Current numbers on '06 350Z? by cvpacguy
Apr 28, 2006 (2:23 pm)
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Hey Car_man, can you post the current buy rate money factors and residual values for an '06 350Z coupe w/no options? Looking at both 24mos/15k and 36months/15k. Thanks!
#25 of 103
Current Z Car Rates by corndogg
May 16, 2006 (9:21 pm)
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Hi everyone,
 
I am looking for the current money factors and residuals for 2006 350z's. It seems like the 39 and 48 month terms have the best residuals but I am flexible. 12k and 15k preferred.
 
Thanks
#26 of 103
Recent by sasuke
Jun 10, 2006 (6:55 pm)
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Has anyone leased any 350z base coupes lately? What were the #s?
#27 of 103
Re: Current Z Car Rates [corndogg] by Car_man HOST
Jun 21, 2006 (2:36 am)
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Replying to: corndogg (May 16, 2006 9:21 pm)

Hi corndogg. This car's residual values vary depending upon what trim level you get. Since Nissan is not currently providing any sort of lease support on it, its money factors will be the same for all variants though. If you were to lease any '06 350Z through Nissan Motor Acceptance Corp. right now for 39 or 48 months, its buy rate lease money factor should be .00275.
 
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#28 of 103
Re: Current Z Car Rates [Car_man] by hangtime03
Jun 21, 2006 (7:02 am)
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Replying to: Car_man (Jun 21, 2006 2:36 am)

Hi Carman,
 
Looking at a '06 Touring model- I saw above your money factor and that's greatly appreciated, do you know the residuals as well for a 36-39 month (12,000 mile) lease. Thanks!

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