Nissan 370Z Forum  

Buy or re-lease? Torn...

The lease on my 2014 Sport Touring is coming due. The car has 17,000 miles on it and is in excellent shape except it needs new tires. The end of

Go Back   Nissan 370Z Forum > Nissan 370Z General Area > Nissan 370Z General Discussions


Like Tree8Likes

Reply
 
LinkBack Thread Tools Display Modes
Old 02-26-2017, 01:38 PM   #1 (permalink)
A True Z Fanatic
 
MacCool's Avatar
 
Join Date: Apr 2011
Location: Midwest
Posts: 1,349
Drives: 370Z PW 2014
Rep Power: 15
MacCool has a spectacular aura aboutMacCool has a spectacular aura about
Default Buy or re-lease? Torn...

The lease on my 2014 Sport Touring is coming due. The car has 17,000 miles on it and is in excellent shape except it needs new tires. The end of lease purchase is $20,800 plus sales tax plus about $1100 for tires. The KBB value is about $22,500 trade-in value and about $25,000 retail. Re-leasing a 2017 same model would come with about a $50 month increase based on a sale price of $33,400.

I like the car and the color, it runs great and looks great (Clear Bra - no paint defects at all).

Can any of you think of a reason to lease a 2017 vs just buying this one? I'm inclined toward the latter.
TexasChuck likes this.
MacCool is offline   Reply With Quote
Old 02-26-2017, 01:42 PM   #2 (permalink)
Base Member
 
Join Date: Jul 2016
Location: St. John's, NL CANADA
Posts: 153
Drives: '17 370z Base
Rep Power: 22
Curtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond repute
Default

Well... if yours is in good shape and the payment is lower, i'd probably stick with what you've got. I'm leasing a 2017, but mainly because I wanted the lower payment. I have no intention of actually turning it back in, as my buyout will be 16k (Canadian, so, like, $40 in the president's money) in 2020.
Z-Girl 12 likes this.
Curtis_J is offline   Reply With Quote
Old 02-26-2017, 01:54 PM   #3 (permalink)
A True Z Fanatic
 
MacCool's Avatar
 
Join Date: Apr 2011
Location: Midwest
Posts: 1,349
Drives: 370Z PW 2014
Rep Power: 15
MacCool has a spectacular aura aboutMacCool has a spectacular aura about
Default

Quote:
Originally Posted by Curtis_J View Post
Well... if yours is in good shape and the payment is lower, i'd probably stick with what you've got. I'm leasing a 2017, but mainly because I wanted the lower payment. I have no intention of actually turning it back in, as my buyout will be 16k (Canadian, so, like, $40 in the president's money) in 2020.
Well, the payments would be zero...I'd just pay cash for the residual value + sales tax and be done with monthly lease payments.
MacCool is offline   Reply With Quote
Old 02-26-2017, 01:57 PM   #4 (permalink)
Base Member
 
Join Date: Jul 2016
Location: St. John's, NL CANADA
Posts: 153
Drives: '17 370z Base
Rep Power: 22
Curtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond reputeCurtis_J has a reputation beyond repute
Default

Ah gotcha. That's my plan as well, just tucking away a little bit of overtime pay from now until then and I'll just buy it out.

Sent from my SM-G930W8 using Tapatalk
Curtis_J is offline   Reply With Quote
Old 02-26-2017, 03:50 PM   #5 (permalink)
Enthusiast Member
 
zeeder's Avatar
 
Join Date: Jun 2011
Location: Columbia, MO
Age: 47
Posts: 460
Drives: ‘13 370Z ST 6M
Rep Power: 3427
zeeder has a reputation beyond reputezeeder has a reputation beyond reputezeeder has a reputation beyond reputezeeder has a reputation beyond reputezeeder has a reputation beyond reputezeeder has a reputation beyond reputezeeder has a reputation beyond reputezeeder has a reputation beyond reputezeeder has a reputation beyond reputezeeder has a reputation beyond reputezeeder has a reputation beyond repute
Default

Quote:
Originally Posted by MacCool View Post
Re-leasing a 2017 same model would come with about a $50 month increase based on a sale price of $33,400.
Didn't they do away with the Touring with Sport? Now you have to get the sport tech which doesn't come with leather, if that matters to you.
__________________
Zack
FI catback, HFC, and Start Button - Z1 Intake - Nismo S-Tune Spoiler - PasswordJDM V2 Shift Knob
zeeder is offline   Reply With Quote
Old 02-26-2017, 04:15 PM   #6 (permalink)
A True Z Fanatic
 
MacCool's Avatar
 
Join Date: Apr 2011
Location: Midwest
Posts: 1,349
Drives: 370Z PW 2014
Rep Power: 15
MacCool has a spectacular aura aboutMacCool has a spectacular aura about
Default

Quote:
Originally Posted by zeeder View Post
Didn't they do away with the Touring with Sport? Now you have to get the sport tech which doesn't come with leather, if that matters to you.
Yeah. They priced Sport Tech. I don't care about the leather.
MacCool is offline   Reply With Quote
Old 02-26-2017, 04:29 PM   #7 (permalink)
Enthusiast Member
 
Join Date: Jun 2011
Location: California
Posts: 487
Drives: Charger Hellcat
Rep Power: 13
ssmoked is on a distinguished road
Default

Pros and cons of both. If you keep and buyout your lease, future depreciation would be a minimum (unless in case of accident). If you lease new again, given you are offered very attractive monthly rate, you get to drive a car thats 3 years newer. Also if you do get in an accident with a lease, as long as you repair it with Nissan specs, you get to return it at lease end worry free and get a new car. Not so much if you bought the car
ssmoked is offline   Reply With Quote
Old 02-26-2017, 04:48 PM   #8 (permalink)
A True Z Fanatic
 
MacCool's Avatar
 
Join Date: Apr 2011
Location: Midwest
Posts: 1,349
Drives: 370Z PW 2014
Rep Power: 15
MacCool has a spectacular aura aboutMacCool has a spectacular aura about
Default

Quote:
Originally Posted by ssmoked View Post
Pros and cons of both. If you keep and buyout your lease, future depreciation would be a minimum (unless in case of accident). If you lease new again, given you are offered very attractive monthly rate, you get to drive a car thats 3 years newer. Also if you do get in an accident with a lease, as long as you repair it with Nissan specs, you get to return it at lease end worry free and get a new car. Not so much if you bought the car
The lease rate on the new one is about 10% higher than current. It doesn't stand alone as a attractive deal.
MacCool is offline   Reply With Quote
Old 02-26-2017, 04:57 PM   #9 (permalink)
Enthusiast Member
 
Join Date: Jun 2011
Location: California
Posts: 487
Drives: Charger Hellcat
Rep Power: 13
ssmoked is on a distinguished road
Default

Could you share the new lease monthly cost and msrp?
ssmoked is offline   Reply With Quote
Old 02-26-2017, 04:57 PM   #10 (permalink)
Enthusiast Member
 
Join Date: Jun 2011
Location: California
Posts: 487
Drives: Charger Hellcat
Rep Power: 13
ssmoked is on a distinguished road
Default

If you sign another lease, would they waive you buying new tires for the current Z?
ssmoked is offline   Reply With Quote
Old 02-26-2017, 05:28 PM   #11 (permalink)
A True Z Fanatic
 
Join Date: Aug 2009
Location: N/A
Posts: 76,801
Drives: N/A
Rep Power: 141520
kenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond repute
Default

Quote:
Originally Posted by MacCool View Post
The lease on my 2014 Sport Touring is coming due. The car has 17,000 miles on it and is in excellent shape except it needs new tires. The end of lease purchase is $20,800 plus sales tax plus about $1100 for tires. The KBB value is about $22,500 trade-in value and about $25,000 retail. Re-leasing a 2017 same model would come with about a $50 month increase based on a sale price of $33,400.

I like the car and the color, it runs great and looks great (Clear Bra - no paint defects at all).

Can any of you think of a reason to lease a 2017 vs just buying this one? I'm inclined toward the latter.
if u do buy tires, makes ur get the 285's dis time for da rears.
GL with ur decision.
kenchan is offline   Reply With Quote
Old 02-26-2017, 07:12 PM   #12 (permalink)
Track Member
 
Silly Rabbit's Avatar
 
Join Date: Sep 2013
Location: Brookston, IN
Age: 54
Posts: 683
Drives: '12 PW Touring Sport
Rep Power: 618
Silly Rabbit has a reputation beyond reputeSilly Rabbit has a reputation beyond reputeSilly Rabbit has a reputation beyond reputeSilly Rabbit has a reputation beyond reputeSilly Rabbit has a reputation beyond reputeSilly Rabbit has a reputation beyond reputeSilly Rabbit has a reputation beyond reputeSilly Rabbit has a reputation beyond reputeSilly Rabbit has a reputation beyond reputeSilly Rabbit has a reputation beyond reputeSilly Rabbit has a reputation beyond repute
Default

Buy out the lease, enjoy for another 2 yrs and then move into the next gen Z.
__________________
NISMO R Tune Intakes \ Fast Intentions RHFC \ Borla CBE \ EcuTek Tuned\ SPL Camber Arms \ Powertrix Coilovers \ Swift Springs \ Avant Garde \ Wicked CAS \ Morimoto XB Halos \ Custom Fenders \ Hotchkis Sways \ NLP Splitter
Silly Rabbit is offline   Reply With Quote
Old 02-26-2017, 07:50 PM   #13 (permalink)
A True Z Fanatic
 
Z-Girl 12's Avatar
 
Join Date: Apr 2012
Location: Florida
Posts: 4,105
Drives: Spirited
Rep Power: 11715
Z-Girl 12 has a reputation beyond reputeZ-Girl 12 has a reputation beyond reputeZ-Girl 12 has a reputation beyond reputeZ-Girl 12 has a reputation beyond reputeZ-Girl 12 has a reputation beyond reputeZ-Girl 12 has a reputation beyond reputeZ-Girl 12 has a reputation beyond reputeZ-Girl 12 has a reputation beyond reputeZ-Girl 12 has a reputation beyond reputeZ-Girl 12 has a reputation beyond reputeZ-Girl 12 has a reputation beyond repute
Default

Quote:
Originally Posted by Silly Rabbit View Post
Buy out the lease, enjoy for another 2 yrs and then move into the next gen Z.
Excellent recommendation. You are in a good spot!
UNKNOWN_370 likes this.
__________________
2012 Z-SOLD
2014 Nismo #565 Fast Intentions CBE/HFC/Swift/SPC/RJM/H&R-15/20mm/Z1 CAI/Headers/Intake Manifold w/Uprev Tune 328.31whp/263.64tq
Z-Girl 12 is offline   Reply With Quote
Old 02-26-2017, 08:02 PM   #14 (permalink)
Enthusiast Member
 
Join Date: May 2012
Location: FL
Posts: 387
Drives: C172 Skyhawk GIII
Rep Power: 174
Redglare has a reputation beyond reputeRedglare has a reputation beyond reputeRedglare has a reputation beyond reputeRedglare has a reputation beyond reputeRedglare has a reputation beyond reputeRedglare has a reputation beyond reputeRedglare has a reputation beyond reputeRedglare has a reputation beyond reputeRedglare has a reputation beyond reputeRedglare has a reputation beyond reputeRedglare has a reputation beyond repute
Default

I vote buyout, drive till Z35 in 3 years, it's not gona depreciate under 19-20k in that time frame
Redglare is offline   Reply With Quote
Old 02-27-2017, 10:42 AM   #15 (permalink)
The370Z.com Sponsor
 
Mike's Avatar
 
Join Date: Jun 2009
Location: Loganville, GA
Posts: 5,944
Drives: 370z
Rep Power: 2185
Mike has a reputation beyond reputeMike has a reputation beyond reputeMike has a reputation beyond reputeMike has a reputation beyond reputeMike has a reputation beyond reputeMike has a reputation beyond reputeMike has a reputation beyond reputeMike has a reputation beyond reputeMike has a reputation beyond reputeMike has a reputation beyond reputeMike has a reputation beyond repute
Default

buy it
__________________
NISSAN: 75 280Z / 86 300ZX GLL /87 Sentra SE / 03 350Z / 23 Z
Porsche: 93 968 / 23 Macan GTS / 93 968
Mike is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Need some help, splitter torn off. kevinyvng Exterior & Interior 15 09-05-2020 10:54 AM
Torn between two beasts. Fearless_Z Nissan 370Z General Discussions 110 03-09-2017 10:49 AM
I'm torn on what to get next... ChopsZ Intake/Exhaust 31 09-18-2016 04:53 PM
Very torn between the two JakeZ34 Nissan 370Z General Discussions 18 10-18-2009 03:27 AM
Torn. jcrosswhite Other Vehicles 13 06-07-2009 05:49 PM


All times are GMT -5. The time now is 06:16 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2