Cost to lease 370z?
 

To start off, I would be trading in my 2005 touring. The value would be roughly $15,000. I would probably get a base with the sport package, any idea what the payments would be on a 48 month lease?

i wouldnt lease if you plan on putting that much down. it might make more financial sense to pay-to-own. plus the z is the worst car to lease. it has the worst residual amount of any nissan model.

but to answer you question, idk. prob less than $300 a month, depending on mileage limit, etc.

The downtown L.A. dealership didn't have leasing info yet, they expect to get it in over the weekend, but the salesmen gave me an estimate for a fully loaded touring of $550/mo for 36 months. That seems pretty high since purchasing with a decent down payment will put you at around $650/mo.

Yea leasing the car will be alot. You might as well finance it.

Do not put down payment on a lease car. It will be a waste

+ over 9000

If you put money down on a lease, and you get in a wreck and total your car, that money is gone.

Auto Lease 101 > Putting Money Down On A Lease

370Z lease
 

I was at my local dealer today. They had 5 new 370Z's in stock. All Base cars, no sports pkg's - one with a nav, 3 autos - 2 manuals. The price of the car is fair, i believe. They were priced between 32K - and 36K with the goodies. An optioned car, like i was looking for with the Sports PKG and leather is 35K.

I test drove the car, miles above the current Z - i own a 2005 roadster. It was very quick, i was very surprised. The kicker though, was this. They quoted an incredibly high lease. I have excellent credit, the lease would be .... are you ready, $649 /mo. - with $3900 down. I laughed, then laughed again, and went to the Porsche dealer. My current Z is leased at $440/mo. if anyone wants it...

Going to try another dealer.

I read somewhere that the majority of the manufacturers are loosing a lot of money on their lease programs due to the economy. BMW for one has raised there lease rates considerably and lowered their finance rates to encourage people to purchase instead of leasing. It appears that Nissan may follow the same path.

I was hoping to keep my payment in the $500 range, so I was considering purchasing a Base Z with Sport Package, with like $4-5K down, or if I went with Touring-fully loaded I would do a lease. Any thoughs??

Has anyone got any rate quotes on purchases, are they offering any low finance rates for the 370z ?? ie: 0.9% - 3.9% ??

yea. Chrysler no longer leases cuz they were loosing so much money

Buy it
 

I've been selling Nissan for over 6 years and Nissan has never encouraged leasing a Z, I'm sure resale value is the main reason, and companies don't want a sports car back- they are damaged goods. I would suggest leasing an Infiniti G37 coupe or Sedan. Similar design (more luxury) and the G series has the Highest (or one of the Highest) residual values of any car on the market. This means you can lease a $37,000 G37 for less than a $31,000 370z, if you have good credit. Infiniti always has their lease specials listed on their website, Nissan never does. FYI the only really good deals are lease special promotions offered my the manufacturers on the cars they want to move. Typically the numbers are on a base model, but you can still get a good deal if you lease the same model car with all the bells and whistles.

I ws hoping you could give a bit more info as far as financing goes. I want a
z but kind of nervous when it comes to financing. I pretty much have paid cash for everything and havent really established a long credit history. However, do u think u could post or PM me with the basic requirements to qualify for a loan if say i planned on putting $15k down?

Also, does nissan give financing for 72mo? i wanted to keep the payments around 350-400 per month while im in working/school at the same time. i figured since I already work in IT id just pay off the balance of the loan after i finished my degree. Any advice would be appreciated, thanks.

Ahhhh here we go with the dont lease people.
I leased mine for $518.00 per month with $1250 down to answer your question. Dealership was Surf City Nissan In Los Angeles.

Contrary to the popular belief here, foreign manufacturers are pushing the lease now more than ever. At Toyota, in the past 2 years, all of our big incentives have been through leasing. L&M money has been at it's highest the past few years, which pretty much is means you don't have to pay the tax amount when you lease your new vehicle.

I gone on 4 test drives while waiting for December. They have been pushing the lease option on me.
But I plan on paying in full or as close to full as I can.
I won't lease cuz I wanna mod.

Don't do it. If you get in an accident with their leased car Nissan gets insane on you. You must (per your lease) notify Nissan of any damage done to the car or you will be in violation of said lease. They want you to get a quote and a letter from the repair place (on letterhead) stating what needs to be fixed and that those repairs and ONLY those repairs WERE done to the letter!! Mind you this is before the work gets done on the car!! Then they want a check issued in their name and yours (with the rest of the documentation) sent to them overnight so that they can approve it all. Then in the return overnight envelope (you must supply) they send you the check back so that you may cash it and then finally pay the repairing company. When you share with your insurance company this information all hell breaks out between them, Nissan, and the repair place. So not worth it!! Never again.:shakes head:

P.S. This happens no matter what the repair costs are.

Sorry Joe, but not Nissan. Some models yes, but no the Z. NMAC has a liquidity issue and there lease portfolio is 70% lease. So they are jacking up the money factors to steer people back to retail to offset their portfolio.

If anybody wants lease figures just PM me and I will work up a lease for you.

So, I've got a question or two about leasing. First, I'm guessing you can't add exhaust or do any kind of mods to the Z, or even go with illegal tint? Thanks.

Leasing a Roadster...
 

The Nissan dealers around Los Angeles I've contacted regarding leasing the new Roadster continue to use caveman mentality.

I've been driving BMW Z4's for eight years or so and still considering leasing the new Z4. However, the 370Z Roadster is such a great car that I am looking into seeing what kind of lease Nissan might have. Most BMW dealers as usual, have no problem giving me lease details (residual, money factor, drive-off fees, etc) on their cars. For some reason, Nissan dealers assume each inquiry they receive is from some idiot who knows nothing and they push you into coming into the dealership to close you. They avoid answering real questions and refuse to give numbers behind their 'estimates' which is usually just a ridiculous monthly payment. Especially in this day and age when you can shop online and get all the info you need before buying.

I am leaning towards the Nissan more and more but if dealers' salesmen continue to act like their stereotype, I will simply go with BMW who at least is straightforward and no-nonsense with what they can offer, and turns out, might be the better deal after all.

You can, but you will not be able to residualize it.

Roadster Lease
Tier 0
.00290 Money Factor
Touring 6spd
39 Mons - 52% Residual

Hope that helps you figure out a lease.

"damaged goods" LOL...people hammer sports cars, besides, you're not gonna own it after the lease.

Loss leaders=cars they wanna move

Check this ridiculous quote out
 

This is laughable. As a comparison, 2008 Honda S2000 ($38K) lease payment is $378 a month...

This quote is from dealership in York, PA. April 22, 2011.

2011 Roadster Touring: $42195 MSRP
$39575 selling price
$23207 residual
12000 miles allowed/year
$674/ month X 39 months
First payment and tag due at signing ($889.71)

2011 Roadster w sport package: $47420 MSRP (equipped w/ navigation package $2150)
$44061 selling price
$26081 residual
12000 miles allowed/ year
$741/ month X 39 months
First payment and tag due at signing ($956.91)
:rofl2:

Hate to bump an old thread but damn these figures are ridiculous for leasing a Z. :shakes head:

I visited glendale and performance nissan. They gave me a quote of a bout $655/mo for a sport packaged z and $2k down. the leasing on the z is terrible, its better to go with the financing and that's what im planning on doing in the near future. Goodluck finding a good lease deal

finance, like evryone else said. Why not own it for less money than you would pay to lease?

:iagree:

I was quoted the exact same amount monthly if I leased or buy, dealer told me nissan doesn't really wanna lease them out.

Why would you lease it, your going to end up buying it anyways guaranteed.:happydance:

:iagree: You just don't lease a car that you will fall in love with. The Z is that car.

Lease
 

I've tried working out leases many times, and it turns out being too expensive on the Z. I have leased a Nissan Pathfinder before, and it saved me a couple hundred dollars a month in payment.

If you really must lease, the Infiniti G37 has great leases, and you can get a more expensive car for a lower payment. Just get a quote from a Nissan and an Infiniti dealership.

Leasing is a fools game, you are far better off to simply buy the car out right at the best deal you can get and then drive it for 3-4 years. Then sell it off yourself as the dealer would, dealers love leases due to the high dollar amount they charge.

What the dealer does is charge you a very high montly payment plus a non refundable down payment and then sells the car for top dollar as a 3 yr, low mileage lease.

The only way it makes sense to lease a vehicle is if you have your own bussiness and you can buy it for bussiness use a deduct the lease payment as a bussiness expense.

Now do the math on the lease listed below.
$42195 msrp = $4050.72 dealer mark up, you could buy this car for $39,000

Lease option = $26,286 payment x $674 times 39 months. Now add your required down payment and taxes. Also the additional charges the dealer always hits you up with to recondition the car for resale. Every little stain, paint chip, brake wear, tire wear etc.

For an additional $11,824 you could buy the car out right and save the additional $10,000 the dealer is making off you at the end of the lease plus the dealer mark up. you can see that the dealer is making at least $11,500 off you for leasing the car that is pure profit and if you decide not to buy the car at the end of the lease, the dealer will then sell to someone else for around $26k-$29k


2011 Roadster Touring: $42195 MSRP
$39575 selling price
$23207 residual
12000 miles allowed/year
$674/ month X 39 months
First payment and tag due at signing ($889.71)

I'm going to be getting a loan for a 370z in the next month. My dad wants to lease a sedan and it seems for those types of cars, there are some good options. I'm talking about a C-class Mercedes Benz or a Camry, or Accord. All of these cars can be had for $1500 down (I know it's a bad idea to do this) @ $290/mo for 32 months. Or zero down for $309/mo. The Benz is worth about $45k if i'm not mistaken.

There are a few good deals that the leasing is actually the exact same as buying. When you calculate those out to a 3 year lease and if its the exact same as buying/leasing then I rather lease, beat the car return it. This only works when the lease is a crazy deal.

Don't believe all of the negative remarks surrounding leasing. Many of these opinions are formed based on the idea that Nissan will still "own" the vehicle. Why lease a car when you can lease money? Not much pride-retention (or value) in getting a loan either if you ask me. Unless you pay it in full with cash, it will either belong to Nissan or the bank. Pick your debt inducing poison. Good credit and negotiation skills are essential. So is having fun.

:iagree:

bottom line is the dealer makes about $10K off a lease over the 39 months, if you buy the car for 0% or very low finacing loan interest isn't that much.

The key is thing is buying the car for 39 months yourself loan or cash, then sell it off the way the dealer would and you can pocket the profit the dealer would have mad.

The problem with leasing a car is that when it is returned at the end of the lease, it will be thoroughly inspected for every little ding, nick, glass chip, scratch, stain, worn, tires, brakes, belts, clutches, or defective item they can hit you up with, everything that the bumper to bumper waranty won't cover. Depending on the dealer these extra costs can be very high, and the dealer will actualy do nothing to the car except, oil change, and detail in most cases to resell it.

Get a detailed copy of the actual lease agreement you will be signing and read the fine print, most ppl that lease a car one time will never do it again.

Also forget about leasing a car and beating it for 39 months and walking away, it simply doesn't work like that. At the start of the lease they hand you off a brand new perfect car and you sign off on it. So if you think you can trash it for 39 months and bring it back , then think again.

Leasing a brand new car is not the same as trashing a 10-20k rental car that other ppl have driven. If for example you rented a car that had 10k on it and destroyed the engine and tranny, you could argue in a court of law that the damage was done by previous renters, while leasing a new car with 1-10 miles on it , only shows that you are the primary or only driver responsible for the damage.

The dealers don't make any more on a lease, actually it's the opposite. The vehicle is being leased by the bank, and the bank gets the car back. The bank is taking the risk that they will get back a clean car, and they are calculating what the resale value will be 3 years from now. If the resale value is lower on a clean car they lose, if the car is beat up, they will lose, if they calculate the residual too low, no one will lease and they lose.

You can't say leasing is no good. It's different on every car, and different to every customer. The Z doesn't have a great lease, but you can't just say leasing is no good, it just may not seem good to you.

Well said.

Ok! show us that exact calculations of a typical lease indicating all the costs to the buyer if the beginning and the end, Also the retail resale value of that car and also the costs and profits on this deal, made by the typical dealer.

Please also include a copy of the fine print on the lease contract the leasee is responsible for in regards to maintanance, wear and tear, and the fine print where it indicates the leasee is responsible for any costs required to bring the car back into condition for resale, beyond normal acceptable limits in the lease contract.

That, right there, is the premise of the thread. Leasing a regular car for your own personal reasons is one thing. Leasing a sports car is distinctly different; it just doesn't make a whole of sense given the stipulations and restrictions it puts on the driver's liberties.

Dealers make a healthy profit on leases. Please spare us the propaganda.