Thoughts on leasing??

synolimit

I leased because I didn't want a huge payment, simple as that. Buying my car would of been more than my mortgage. I will buy my car at lease end however and my new monthly will be the same as the lease price I pay now.

Theres two things wrong with my lease though...1. After the lease/buy terms I'll have paid 2k more than just straight buying it. But spending 2k over a long time is worth it to me, to avoid a $650+ monthly payment. Like a credit card, a lease can get you something now and you just end up paying more interest in the long run. In fact a mortgage is even like this, whether borrowing on installment or revolving you're still paying someone and borrowing. If I wanted my car for the same monthly I pay now and will pay when I buy it, I'd of had to put down an extra $12,000 which I don't/didn't have. That's to much in my eyes. All that down or a huge monthly means no performance parts or fun .

The 2nd issue I'm seeing is Nissan killed the 14 prices vs my 13! That means my residual is way to high! Come time to buy it I'll be buying it for WAY more than what it's worth unless Nissan negotiates with me. This is a perfect example why to lease vs buying. If your cars value drops to ****, just turn it back in at lease end. For buyers they're stuck with a ton of negative equity unless they put like $13,000 down that I was talking about. But there's a good chance they'll only get part of that down payment back. So what was the point emptying their bank account in the first place?

In the end it all just depends on the car, the rate, the payment, the numbers, your pocket.

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13 370z-