370z Depreciation Rate

bkunzi01 · 03-11-2009, 03:01 PM

The residual value of the 370 is around 53% after 3 years thus making it in most cases a bad lease option.

Robert_Nash · 03-11-2009, 03:53 PM

If depreciation is a concern then never buy a new car...any new car.

Vehicles depreciate a little more or a little less and/or a little faster or a little slower when comparing one vehicle to another but the value of all vehicles drops like a rock; especially in the first two years.

So...buy what you want when you want; just understand than from a financial standpoint, it's never a real good move to buy (or especially to finance) a depreciating asset.

BlackBullet · 03-12-2009, 01:09 AM

Quote:

Originally Posted by bkunzi01

The residual value of the 370 is around 53% after 3 years thus making it in most cases a bad lease option.

eh...I not sure if that makes sense. How is it bad lease option if you end up paying less than depreciation?

Robert_Nash · 03-12-2009, 09:33 AM

You never pay less than depreciation on a lease (unless the lease company is staffed by idiots); in fact you'll pay more.

The only way a leasing company can make money is to at least cover the depreciation they experience (between what they pay for the vehicle less what they eventually sell it for) plus the interest rate they charge...those that don't do both at least the majority of the time don't stay in business very long.

zsport1 · 03-12-2009, 01:03 PM

I don't buy a Z and worry about how fast it will depreciate. If you like it, buy it, and drive the hell out of it!

Zlips · 03-13-2009, 10:24 AM

Quote:

Originally Posted by bkunzi01

The residual value of the 370 is around 53% after 3 years thus making it in most cases a bad lease option.

That is not correct at all. The residual value for a 39 month lease non- touring is 59% and for a 39 month lease with touring 56%. It's 1% higher for 36 months. I have a lease deal in place I am considering based on these numbers so they are legitimate.

03-11-2009, 03:53 PM	#2 (permalink)
Robert_Nash Track Member Join Date: Jan 2009 Location: Middle TN/Savannah GA Posts: 762 Drives: '14 Q60IPL/'14Armada Rep Power: 19	If depreciation is a concern then never buy a new car...any new car. Vehicles depreciate a little more or a little less and/or a little faster or a little slower when comparing one vehicle to another but the value of all vehicles drops like a rock; especially in the first two years. So...buy what you want when you want; just understand than from a financial standpoint, it's never a real good move to buy (or especially to finance) a depreciating asset. __________________ Robert -My Basset Hound Is Smarter Than Your Honor Student and Barack Obama -

03-12-2009, 09:33 AM	#4 (permalink)
Robert_Nash Track Member Join Date: Jan 2009 Location: Middle TN/Savannah GA Posts: 762 Drives: '14 Q60IPL/'14Armada Rep Power: 19	You never pay less than depreciation on a lease (unless the lease company is staffed by idiots); in fact you'll pay more. The only way a leasing company can make money is to at least cover the depreciation they experience (between what they pay for the vehicle less what they eventually sell it for) plus the interest rate they charge...those that don't do both at least the majority of the time don't stay in business very long. __________________ Robert -My Basset Hound Is Smarter Than Your Honor Student and Barack Obama - Last edited by Robert_Nash; 03-12-2009 at 01:09 PM.

03-11-2009, 03:01 PM	#1 (permalink)
bkunzi01 Base Member Join Date: Jan 2009 Location: NY Age: 40 Posts: 66 Drives: 2009 370z Rep Power: 187	The residual value of the 370 is around 53% after 3 years thus making it in most cases a bad lease option.

03-12-2009, 01:03 PM	#5 (permalink)
zsport1 Base Member Join Date: Nov 2008 Location: TEXAS Posts: 224 Drives: 300 Rep Power: 18	I don't buy a Z and worry about how fast it will depreciate. If you like it, buy it, and drive the hell out of it!