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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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Replying to: jmatson266 (Nov 17, 2006 7:09 pm) basically you are saying that you want to rent it for 3 yrs. Let's assume that its 40k base, and 20k for residual for the '07 for the '06 let's say they knock it down to 36K and 18k Is the $2k difference really worth just saying you have an '07 -- which for a Z are virtually identical? m |
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Replying to: jmatson266 (Nov 17, 2006 7:09 pm) Car_man Host Prices Paid Forum |
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Hello CarMan, first of all thanks for all the valuable help that you provide, Great Work!...Anyway, I am looking to lease a 2006 Nissan 350Z Touring. Per your advice I am not going to put any money down. I'd like to lease for 36 or 39 months, 15K miles per year. Could you please tell me around how much I should expect to pay a month for this vehicle?? Nissan's websites lists Base MSRP at $32,450. Also do I need to make sure that the car comes with a bumper to bumper warranty?? or does this come standard with all leases??.Hopefully it will be below $550. Please let me know, Thanks Again. Carlos
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| to add to my above post...I am looking for the coupe and manual transmission...thanks! | |
I am really caught between a rock & a hard place. I was waiting for the right deal on an '06 GT Roadster. Found one, I think...Nismo plastic and exhaust, MSRP 43K, marked down to 38,900. Problem being, rumor has it '07 promises more horse and I'm a HP junkie. I know '07 will have larger selling price but I'm not sure if that will really affect a lease as you are only paying the residual each month. I've heard arguments for both sides and am thoroughly confused. I also want to get the lowest monthly payment possible, which would require a huge downpayment on a lease, and now I'm finding that that's not the smartest route; that I should buy. My credit took a nosedive last year and I have been pretty successful in rebuilding it, but I know my credit status will negatively affect the interest rate on a purchase, thus eating up a large downpayment anyway. HELP!!!!!
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Replying to: coolmarine24 (Dec 30, 2006 1:56 am) Car_man Host Prices Paid Forum
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Replying to: zeeya (Jan 04, 2007 5:32 pm) Car_man Host Prices Paid Forum |
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Replying to: Car_man (Jan 21, 2007 9:26 am)
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Hi all. I've decided to purchase a 350z grand touring coupe (black) in the '07 model. I saw the press release that they are out, but dealerships in So. Cali don't have them yet. Two questions b/c you guys seem so helpful: 1) ANy idea when these dealerships will see them? 2) I anticipate putting $4,500 down and doing a 3 year, 10K/year lease. What do you think a fair lease payment is on that based on A+ credit? Thanks guys!
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Replying to: veal999 (Jan 29, 2007 12:51 pm) Find a leasing calculator -- learn the terms.... get informed. Try this calculator site You might even consider if you have a bank or credit union that does leasing. Main concepts -- what you pay for the car (Cost Basis or Cap Cost)-- what interest rate you pay (money factor)-- how much value it has when you turn it in (residual) Realize you are borrowing money and paying interest on the whole purchase price, but you only pay the principle for the difference between the cost basis and the residual. Example: Z costs 40K, residual is 20k -- to make the math easy lets say you do it for 40 months. No down payments, you'll pay 20k/40 or $500 in principle per month, plus interest on the $40k (less your principle payment) each month. I'll argue that leasing (and not loosing you shirt) is tougher on the average consumer. Not only do you have to negotiate a price (the cost basis) you have to determine what the residual should be (and this information can be hard to find). Then you are dealing with terms you are not used to -- like money factor, cost basis, cap reduction, etc. A knowledgeable salesman can fleece you pretty quickly. Do your home work -- and good luck with it? An alternative that worked for me was to use LeaseTrader.com and get a lightly used take over lease. I picked up a nice 12k miles Touring Roadster for 24 months with 27K miles left ">link titleat $460/mo and was paid $1000 to take it. Added bonus -- In Texas you don't pay sales tax on lease assumptions -- saved another $2500! Good Luck, Mike |
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