Advice on 40th Anniversary Lease Takeover Please!

andre12031948 · 06-17-2012, 03:57 PM

Quote:

Originally Posted by brettmag

Hi guys,

I live in Canada and am looking at taking over a 40th Anniversary with 16,000km.

The current owner put almost $9,000 as a down payment and wants the person taking over the lease to pay them $2,500. I'm sure there's some room to negotiate there. The monthly payments are $675 including tax with 23 months remaining. The residual buyout is $18,900 in May, 2014.

My debate is to get a 370z, this one or another one or buy a brand new 2012 VW GTI. Partly because I would have to purchase winter tires for the 370z because our winters are brutal.

Is this a good deal? What should I do? If you think I should make an offer, what do you think I should offer for a down payment?

Thanks!

If I'm missing something. I'll apologize.

When I add your payments plus the 2,500k, plus the residual buyout, you would have paid $34,900 for a USED 370z.

Not sure how many year lease the 1st. owner took out but if it was a 3 year lease than this Z will cost him $55,000 to own.

If I'm not missing something, then I would like to move to your area because I'll be able to become a millionaire in a short amount of time

brettmag · 06-17-2012, 04:20 PM

Haha ya, cars are more expensive in Canada.

It was 48 months lease originally... so it would actually cost more than $55,000 after it's bought out (if it's bought out).

Crazy hey?! If I take over the lease you are correct with $34k for cost of ownership. The original owner has spent $25k on it so far including down payment.

brettmag · 06-17-2012, 04:22 PM

Some people purchase used 370z in the states and import them to Canada, but after the hassle, transportation, duty and taxes, it's almost equal.

There used to be a large price disconnect where people could make $5-10k by importing a vehicle. Escalades were profitable.

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06-17-2012, 04:20 PM	#2 (permalink)
brettmag Base Member Join Date: Oct 2011 Location: Saskatoon, SK Posts: 12 Drives: Not a 370z yet Rep Power: 15	Haha ya, cars are more expensive in Canada. It was 48 months lease originally... so it would actually cost more than $55,000 after it's bought out (if it's bought out). Crazy hey?! If I take over the lease you are correct with $34k for cost of ownership. The original owner has spent $25k on it so far including down payment.

06-17-2012, 04:22 PM	#3 (permalink)
brettmag Base Member Join Date: Oct 2011 Location: Saskatoon, SK Posts: 12 Drives: Not a 370z yet Rep Power: 15	Some people purchase used 370z in the states and import them to Canada, but after the hassle, transportation, duty and taxes, it's almost equal. There used to be a large price disconnect where people could make $5-10k by importing a vehicle. Escalades were profitable.