Looking to buy a 2009. Is this a good deal?

tjlazer · 01-20-2010, 09:14 PM

OK I want to buy this new 6MT 2009 370Z Base with Sport Package. Dealer is willing to sell for $31,900. MSRP is a little over $33K. I might be able to get them a little lower as the car has over 300 miles on it and they cannot sell it. They say the color is not too popular. (Monterey Blue)

So here is my deal. I have fair credit. My payment will be $713 a month for 72 months with Nissan Credit. The lease is looking much better. $536 a month for 38 months. $2K down. ($1,800 Credit for promo) 10K miles a year. Buyout after term is $18K...

I did some numbers and it seems I am way better off doing the lease than financing the $32K at 15.5%! I could finance the 18K and try to do better than 15% and it will be like several K less total cost. (and I have the option to walk if I don't want the car at that point)

Thoughts?

01-20-2010, 09:14 PM	#1 (permalink)
tjlazer A True Z Fanatic Join Date: Dec 2009 Location: Tacoma Age: 52 Posts: 2,496 Drives: Z34, R35 Rep Power: 19	Looking to buy a 2009. Is this a good deal? OK I want to buy this new 6MT 2009 370Z Base with Sport Package. Dealer is willing to sell for $31,900. MSRP is a little over $33K. I might be able to get them a little lower as the car has over 300 miles on it and they cannot sell it. They say the color is not too popular. (Monterey Blue) So here is my deal. I have fair credit. My payment will be $713 a month for 72 months with Nissan Credit. The lease is looking much better. $536 a month for 38 months. $2K down. ($1,800 Credit for promo) 10K miles a year. Buyout after term is $18K... I did some numbers and it seems I am way better off doing the lease than financing the $32K at 15.5%! I could finance the 18K and try to do better than 15% and it will be like several K less total cost. (and I have the option to walk if I don't want the car at that point) Thoughts? Last edited by tjlazer; 01-20-2010 at 09:16 PM.

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