is this a good deal?

olie2832 · 06-24-2009, 05:15 PM

Ok right now i got the offer for a lease for 36 months for:

$4300 on delivery and covers first month of payment
then $800 each month for 36 months
$1000 deposit
the buyback is 19,151.18

thanks for your feedback.

6MT · 06-24-2009, 05:33 PM

If you're going to buy-back this car at the end of the lease, then no it's a terrible deal. That's because the total price would be $53251. I bought mine outright for $46374 (all in).
If all you're doing is leasing... well my thoughts are that it's no different than a glorified rental. But if you're going to write-off the lease for a business expense...(?)

My 2 cents

Quote:

Originally Posted by olie2832

Ok right now i got the offer for a lease for 36 months for:

$4300 on delivery and covers first month of payment
then $800 each month for 36 months
$1000 deposit
the buyback is 19,151.18

thanks for your feedback.

olie2832 · 06-24-2009, 05:38 PM

its just someone asked for a buy back before so i posted it but i will only want to lease it for 36 months. so good deal or no or ok. thanks

Mike · 06-24-2009, 08:03 PM

I discussed leasing with the GM of my dealership and he told me flat out that with today's interest rates and Nissan not having any incentives, that there is no way leasing should even be an option. You don't mention which model you are having and what the price is, but if you have good credit, you are probably better off buying in this environment. With the falling values of cars in the used market, manufacturers are getting hit really hard on lease turn ins, so they aren't real excited to give any good deals.

YamahaR6 · 06-24-2009, 08:32 PM

Think of it this way. MSRP + $800 (Fees, Color) * 13% Tax = $46102.87.

Your cost $33300 of 3 years leasing and deposit.

So after 3 years, the remaining of the car cost is $12802.87.

In order words, if you buy the car now, I am pretty sure u can sell the car for more than $12802.87 after three years.

Of course interest is also a factor, but even at a rate of 5.9%; the interest for 3 years is around $6000.

Anyways, hope I am making sense here. Correct me if I am wrong.

matt2112 · 06-24-2009, 09:58 PM

$33,300 for use of the car for 3 years is not a good deal at all imo.

if you buy outright and sell after 3 years, you'll save $8,000 at minimum.

olie2832 · 06-24-2009, 11:13 PM

alright thanks btw its a platinum silver with automatic no packages and it has about 40km on it.

06-24-2009, 05:15 PM	#1 (permalink)
olie2832 Base Member Join Date: Apr 2009 Location: Toronto Canada Posts: 17 Drives: 08 X5 Rep Power: 16	is this a good deal? Ok right now i got the offer for a lease for 36 months for: $4300 on delivery and covers first month of payment then $800 each month for 36 months $1000 deposit the buyback is 19,151.18 thanks for your feedback.

06-24-2009, 08:03 PM	#4 (permalink)
Mike The370Z.com Sponsor Join Date: Jun 2009 Location: Loganville, GA Posts: 5,944 Drives: 370z Rep Power: 2185	I discussed leasing with the GM of my dealership and he told me flat out that with today's interest rates and Nissan not having any incentives, that there is no way leasing should even be an option. You don't mention which model you are having and what the price is, but if you have good credit, you are probably better off buying in this environment. With the falling values of cars in the used market, manufacturers are getting hit really hard on lease turn ins, so they aren't real excited to give any good deals. __________________ NISSAN: 75 280Z / 86 300ZX GLL /87 Sentra SE / 03 350Z / 23 Z Porsche: 93 968 / 23 Macan GTS / 93 968

06-24-2009, 08:32 PM	#5 (permalink)
YamahaR6 Track Member Join Date: Feb 2009 Location: California Posts: 527 Drives: A Car Rep Power: 17	Think of it this way. MSRP + $800 (Fees, Color) * 13% Tax = $46102.87. Your cost $33300 of 3 years leasing and deposit. So after 3 years, the remaining of the car cost is $12802.87. In order words, if you buy the car now, I am pretty sure u can sell the car for more than $12802.87 after three years. Of course interest is also a factor, but even at a rate of 5.9%; the interest for 3 years is around $6000. Anyways, hope I am making sense here. Correct me if I am wrong. Last edited by YamahaR6; 06-24-2009 at 08:36 PM.

06-24-2009, 09:58 PM	#6 (permalink)
matt2112 Base Member Join Date: Apr 2009 Location: Toronto Posts: 139 Drives: Mag Black 09 370z Rep Power: 16	$33,300 for use of the car for 3 years is not a good deal at all imo. if you buy outright and sell after 3 years, you'll save $8,000 at minimum. Last edited by matt2112; 06-24-2009 at 10:01 PM.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Nismo Z with 7K miles for under $28M - Deal or No Deal?	speed_BMW330i	Nissan 370Z General Discussions	16	05-27-2009 07:06 AM
what do you think of this vpp deal?	steveg78	Nissan 370Z Pricing / Ordering Discussions	6	05-15-2009 01:26 PM
Good Deal?	Jason	Nissan 370Z Pricing / Ordering Discussions	4	05-12-2009 05:18 PM
Please help me decide if this is a good deal	schnabdt	Nissan 370Z Pricing / Ordering Discussions	6	05-06-2009 11:26 PM
A good deal for you guys (flywheel)!	SOLISIMO	Engine & Drivetrain	1	04-13-2009 09:26 PM

06-24-2009, 05:38 PM	#3 (permalink)
olie2832 Base Member Join Date: Apr 2009 Location: Toronto Canada Posts: 17 Drives: 08 X5 Rep Power: 16	its just someone asked for a buy back before so i posted it but i will only want to lease it for 36 months. so good deal or no or ok. thanks

06-24-2009, 11:13 PM	#7 (permalink)
olie2832 Base Member Join Date: Apr 2009 Location: Toronto Canada Posts: 17 Drives: 08 X5 Rep Power: 16	alright thanks btw its a platinum silver with automatic no packages and it has about 40km on it.