My lease is up in 12 months.

PapoZalsa · 06-15-2011, 09:37 PM

Quote:

Originally Posted by chuckd05

After a typical 5 year loan, the 370z should be worth about 15,000 which is pretty good... but you will pay the full 32kish for the car...

at the end of my lease of 39 months I would of paid 16,820 .... is the Z going to be worth 16 grand probably... with never keeping a car for more than 3 years , if i finainced that same car I would maybe come up a few thousand but my payments during that time would of been higher... if you sell your cars frequently and you are buying a nissan that doesnt hold is value all that great, I would rather lease... just my opinion..

The APR has to do a lot with your total payment on your loan. I have refinanced mine from a 6.5% APR 60 mths to my current 3.25% APR for 40 mths. Refinancing my car to a lower APR and cutting mths out has saved me a lot of money.

Dizon248 · 06-16-2011, 06:04 PM

Quote:

Originally Posted by PapoZalsa

The APR has to do a lot with your total payment on your loan. I have refinanced mine from a 6.5% APR 60 mths to my current 3.25% APR for 40 mths. Refinancing my car to a lower APR and cutting mths out has saved me a lot of money.

Yikes! 6.5% for 60mo! How long ago was this? It is good you chose to refinance. Apparently as long as you have decent credit, getting ~3% is cake from credit unions.

PapoZalsa · 06-16-2011, 09:12 PM

Quote:

Originally Posted by Dizon248

Yikes! 6.5% for 60mo! How long ago was this? It is good you chose to refinance. Apparently as long as you have decent credit, getting ~3% is cake from credit unions.

Back in 2009 that was the lowest I could find with my almost excellent credit rating in this area.

I also didn't want a big payment so the months financed played a big part on the APR at the time.

whealy · 06-17-2011, 07:20 AM

Kind of follow your same habits. I think it works out to I’ve had 16 cars in the last 16 years. With my most recent 370Z, I did something I’ve never done. I went back to a car I already had. Although that was a 350Z (08).

What about the crazy idea of getting another Z and putting the mods back on it?

As for the leasing discussion, most refuse to take depreciation into consideration when this discussion goes on. They always say it doesn’t matter because I’m not going to sell the car. Until of course eventually you sell the car and the ignoring of the depreciation becomes a reality. But the other things that people ignore are maintenance and warrantee when you are in a lease. Typically you are covered during your term for the large hits that a warrantee takes care of. And we all know maintenance costs go up once that period ends.

When it comes to figuring our total cost of ownership I really just throw that all out the window. Ultimately I buy cars based on if I think the price is worth the vehicle to me and drive them for as long as it makes sense.

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06-17-2011, 07:20 AM	#4 (permalink)
whealy Base Member Join Date: Jun 2011 Location: Indiana Posts: 40 Drives: 10 370Z Roadster Rep Power: 15	Kind of follow your same habits. I think it works out to I’ve had 16 cars in the last 16 years. With my most recent 370Z, I did something I’ve never done. I went back to a car I already had. Although that was a 350Z (08). What about the crazy idea of getting another Z and putting the mods back on it? As for the leasing discussion, most refuse to take depreciation into consideration when this discussion goes on. They always say it doesn’t matter because I’m not going to sell the car. Until of course eventually you sell the car and the ignoring of the depreciation becomes a reality. But the other things that people ignore are maintenance and warrantee when you are in a lease. Typically you are covered during your term for the large hits that a warrantee takes care of. And we all know maintenance costs go up once that period ends. When it comes to figuring our total cost of ownership I really just throw that all out the window. Ultimately I buy cars based on if I think the price is worth the vehicle to me and drive them for as long as it makes sense.