Breaking My Lease for a 370z

iskandef · 12-19-2009, 11:13 PM

I have a 2007 Nissan Atlima 3.5 SE on a 5 year lease, and planning on terminating the lease for a 370z. This will be my third car (the 370z) from this dealership. Now the problem is, I got the Altima back in December of 2006 and my lease is not over till 2012! I'm also over on mileage but determined to get that Z.

Is there any way I can terminate my lease for the Z without any penalty?(considering this will be my third car from this particular dealership)

kannibul · 12-19-2009, 11:30 PM

Quote:

Originally Posted by iskandef

I have a 2007 Nissan Atlima 3.5 SE on a 5 year lease, and planning on terminating the lease for a 370z. This will be my third car (the 370z) from this dealership. Now the problem is, I got the Altima back in December of 2006 and my lease is not over till 2012! I'm also over on mileage but determined to get that Z.

Is there any way I can terminate my lease for the Z without any penalty?(considering this will be my third car from this particular dealership)

Probably not, short of not driving your Altima until the mileage is about right.

Pushing_Tin · 12-19-2009, 11:36 PM

WTF, a 5 year lease? You could have owned the car outright over that period of time. I had a lease on my IS350 and used swapalease.com to get out of it. Worked pretty well, you may want to look into that.

kenchan · 12-19-2009, 11:45 PM

yah, lease is best done zero down and 36months max... but oh well.

you will be 'penalized' for your overage, but the dealer can give you more for your altima or cut you a deal on the z. learn your lesson and buy the z next time.

John Bradley · 12-20-2009, 07:46 AM

It all comes down to what ur payoff is.. You
can break a lease anythime.. It's just gonna
cost u.. You will have to roll over your
negative into the z price..

spearfish25 · 12-20-2009, 08:33 AM

Crash the car.

370Zsteve · 12-20-2009, 09:19 AM

Quote:

Originally Posted by spearfish25

Crash the car.

John Bradley · 12-20-2009, 10:00 AM

Quote:

Originally Posted by spearfish25

Crash the car.

Make sure u got gap insurance first !!

carlos3366 · 12-20-2009, 09:35 AM

just wait it out dude. just imagine what kinda of Z you can get in 2012! it will be twin turbo with about 500+ hps. it's worth the wait.

NiñaBonitaZ · 12-20-2009, 10:05 AM

I broke a lease on a 2008 Maxima to buy my 370Z. It was a real good deal though, so I don't regret it.

iskandef · 12-20-2009, 11:21 AM

Quote:

Originally Posted by NiñaBonitaZ

I broke a lease on a 2008 Maxima to buy my 370Z. It was a real good deal though, so I don't regret it.

What kinda deal was it? Was there a fine?

NiñaBonitaZ · 12-20-2009, 02:41 PM

Quote:

Originally Posted by iskandef

What kinda deal was it? Was there a fine?

Residual value at the end of 39 months was 16000 dlls. Balance/buyout at time of trade in was 23600 dlls. Dealer gave me 21500 for trade in and knocked off 2000 off sticker price of 370Z. So I got my 370 for about sticker price, which is a hell of a deal considering that most other dealers would only offer me 16000 dlls for the trade in.

PapoZalsa · 12-20-2009, 03:13 PM

Quote:

Originally Posted by NiñaBonitaZ

I broke a lease on a 2008 Maxima to buy my 370Z. It was a real good deal though, so I don't regret it.

Please PM me more on that!!! Because when you brake a leased you get penalties.

I leased my old lady SUV and is the worse thing I could ever done when getting a new car.

Quote:

Originally Posted by NiñaBonitaZ

Residual value at the end of 39 months was 16000 dlls. Balance/buyout at time of trade in was 23600 dlls. Dealer gave me 21500 for trade in and knocked off 2000 off sticker price of 370Z. So I got my 370 for about sticker price, which is a hell of a deal considering that most other dealers would only offer me 16000 dlls for the trade in.

You don't built any equity on a leased vehicle. I have tried to trade-in the SUV on most dealer don't want anything to do with it.

BTW, if that is the case u got a hell of a good deal, but I steal can't put the numbers together.

NiñaBonitaZ · 12-20-2009, 06:06 PM

Quote:

Originally Posted by PapoZalsa

Please PM me more on that!!! Because when you brake a leased you get penalties.

I leased my old lady SUV and is the worse thing I could ever done when getting a new car.

You don't built any equity on a leased vehicle. I have tried to trade-in the SUV on most dealer don't want anything to do with it.

BTW, if that is the case u got a hell of a good deal, but I steal can't put the numbers together.

simple.

at the end of the 39 payments, the residual value of the car was going to be 16000 dlls. that means that if I wanted to keep the car after the lease was up, that is how much it would cost me.

In late September, when I bought my Z, the the remaining balance in case I wanted to buy the car at that very moment was 23600 dlls.

So, a way of breaking the lease is to have the dealership/bank/etc send the remaining balance to Nissan Financial.

Like I said, most dealerships were only willing to give me 16000 dlls for my '08 Maxima, which is what my car was going to be valued at after 20 more payments that I owed.

The dealership where I went to gave 21500 dlls for my Maxma. So what they did was send Nissan Financial a check for 23600 dlls. That equals a difference of 2100 dlls.
The dealer discounted 2000 off the sticker price of the Z, and added the 2100 dlls difference mentioned above.

So, I got my Z for 100 dlls or so over the sticker price.

A price I was willing to accept. Don't get me wrong.... the Maxima was beautiful and comfortable, but nowhere near as fun as my Z.

JB1 · 12-20-2009, 11:46 AM

Try this: leasetrader.com to get out of your lease

12-19-2009, 11:13 PM	#1 (permalink)
iskandef Base Member Join Date: Nov 2009 Location: Toronto Posts: 12 Drives: 370z Rep Power: 16	Breaking My Lease for a 370z I have a 2007 Nissan Atlima 3.5 SE on a 5 year lease, and planning on terminating the lease for a 370z. This will be my third car (the 370z) from this dealership. Now the problem is, I got the Altima back in December of 2006 and my lease is not over till 2012! I'm also over on mileage but determined to get that Z. Is there any way I can terminate my lease for the Z without any penalty?(considering this will be my third car from this particular dealership) Last edited by iskandef; 12-19-2009 at 11:17 PM.

12-20-2009, 08:33 AM	#6 (permalink)
spearfish25 A True Z Fanatic Join Date: Mar 2009 Location: Naples, FL Posts: 4,117 Drives: to work Rep Power: 1857	Crash the car. __________________ 2013 Cadillac V-Wagon, RIP Z

12-20-2009, 09:35 AM	#9 (permalink)
carlos3366 Base Member Join Date: Feb 2009 Location: Fort Worth, TX Posts: 54 Drives: 05 camry, 97 500sl Rep Power: 17	just wait it out dude. just imagine what kinda of Z you can get in 2012! it will be twin turbo with about 500+ hps. it's worth the wait. Last edited by carlos3366; 12-20-2009 at 09:37 AM. Reason: add txt

12-20-2009, 10:05 AM	#10 (permalink)
NiñaBonitaZ Base Member Join Date: Sep 2009 Location: San Antonio, Tx Posts: 34 Drives: 09 370Z Sport AT7 Rep Power: 16	I broke a lease on a 2008 Maxima to buy my 370Z. It was a real good deal though, so I don't regret it. __________________ Dr. David de la Llata 2014 Solid Red 370Z 7AT, Touring, Sport, Navig

12-20-2009, 11:46 AM	#15 (permalink)
JB1 Track Member Join Date: Mar 2009 Location: Chicagoland Posts: 748 Drives: 09 Nissan 370Z sold Rep Power: 18	Try this: leasetrader.com to get out of your lease __________________ Black Fangs // Black rear Valance // Berk CBE // COBB post MAF tubes // K&N drop in filters // Setrab Oil Cooler // Stillen Sway bars // Z1 SS brake lines // Stillen brake cooling kit // Harness bar //

12-19-2009, 11:36 PM	#3 (permalink)
Pushing_Tin A True Z Fanatic Join Date: Nov 2008 Location: Eugene, OR Posts: 2,875 Drives: E63 AMG Rep Power: 228	WTF, a 5 year lease? You could have owned the car outright over that period of time. I had a lease on my IS350 and used swapalease.com to get out of it. Worked pretty well, you may want to look into that.

12-19-2009, 11:45 PM	#4 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141521	yah, lease is best done zero down and 36months max... but oh well. you will be 'penalized' for your overage, but the dealer can give you more for your altima or cut you a deal on the z. learn your lesson and buy the z next time.

12-20-2009, 07:46 AM	#5 (permalink)
John Bradley Enthusiast Member Join Date: Aug 2009 Location: Athens, Georgia Posts: 419 Drives: 2010 Silver RDZTER Rep Power: 16	It all comes down to what ur payoff is.. You can break a lease anythime.. It's just gonna cost u.. You will have to roll over your negative into the z price..

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