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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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#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.
 
Car_man
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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.
 
Car_man
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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!
#29 of 103
Re: Current Z Car Rates [hangtime03] by fifer55
Jun 21, 2006 (10:39 pm)
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Replying to: hangtime03 (Jun 21, 2006 7:02 am)

hello everyone
 
just came back from a nissan dealership here in LA and was looking at a 2006 350z basic edition (they didn't have any enthuasists).
 
anyway, the sticker price on the car was about 29,500 and the invoice was about 28,300.
 
well after 5 hours and the sales, sales manager AND 2 desk (tower) managers i walked out.
 
i went in there with hopes of a 3 year lease, 12K mile, 1500 down dream and walked out with 5 year, 15K miles and 2200 dream 440 per year with a residual of about 9500 at the end of the lease nightmare.
 
for three years 12K and 2000 down, they wanted almost 630a month for a BASIC 2006 350z. i didn't even want a roadster or a convertible.
 
i used edmunds online basic lease calculator and i inputed the down payment, the terms and the mileage and it came out to about 445.
 
for some reason my gut told me that was to high, so i walked, but now that i saw what edmunds had to say i am re think it.
 
of course when i was walking out the sales manager said the deal was no good as soon as i stepped outside, so i jumped out of the showroom.
 
ahhhh..
 
thoughts?
 
Mike
#30 of 103
Re: Current Z Car Rates [hangtime03] by lainen
Jun 22, 2006 (11:57 am)
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Replying to: hangtime03 (Jun 21, 2006 7:02 am)

I've been getting quoted residuals of 17,362 on an MSRP of 34,085 (an automatic touring edition). That's 51% of the MSRP. That's pretty standard, it seems.
 
I have a question for the Carman. This is a quote that I've gotten for a 350z '06 Touring on a 39 mth lease with 5K down (12K mileage).
 
Sell Price is $30,869 (That sounds very low... under invoice)
Payments are $383.09
39 months 12k a year
total downpayment $5883.09 (with the $5K down)
350 z Touring auto trans
Money factor .00290
waiving sec deposit
residual 51%= $17,362.00
 
That sounds like a good deal to me. The car is not a demo and it's in the color that I want as well. What are your thoughts?
 
  Thanks!
#31 of 103
Lease Numbers by hangtime03
Jul 11, 2006 (8:53 am)
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Hi All,
 
Looking for the residuals and money factors for a 2006 Z Touring model- 24, 35, and 39 month leases, 12000 miles-
 
Thanks!
#32 of 103
Re: Current Z Car Rates [hangtime03] by Car_man HOST
Jul 16, 2006 (10:48 am)
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Replying to: hangtime03 (Jun 21, 2006 7:02 am)

You;re welcome, hangtime03. If you were to lease a 2006 Nissan 350Z Coupe Touring through Nissan Motor Acceptance Corp. right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00285 and 52%. The numbers for an otherwise identical 39 month lease should be .00285 and 51%.
 
Car_man
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