Looking for advice on getting a Z

toxik · 02-06-2010, 11:44 AM

Hey guys, so I currently have a nissan leased which I'm planning on returning in end of spring/early June in order to get another nissan, 370z.

I'm looking to get a Base w/ sports package. Now my dillema is in what I'll be able to afford. My budget is around ~500 a month payment. I recently had an emergency situation and wasted most of my savings for the down payment, I'll only have about 2500-3000 for the down payment on the Z.

Should I be looking to finance or lease? I haven't really seen anyone talk about leasing the car, I'm assuming that the z is not great for leasing.

Anyways, I'm hoping to get some real life advice from you guys since I don't know if my down payment is enough.

travisjb · 02-06-2010, 12:53 PM

maybe the best advice we can give you is to buy a more affordable car... but that's up to you... you might want to look for last year's model to save a few $... personally, i think people should just buy their cars - leasing can be almost financially equal to buying but with leasing you pay tax on the whole thing and you are only buying the price-residual, if that makes sense... also financing rates are low now

suggest you talk it through with lou fusz nissan for advice from a trusted dealer on this board

koeppelnissan · 02-06-2010, 01:27 PM

Come see me when you are ready!

toxik · 02-07-2010, 10:28 AM

Quote:

Originally Posted by travisjb

maybe the best advice we can give you is to buy a more affordable car... but that's up to you... you might want to look for last year's model to save a few $... personally, i think people should just buy their cars - leasing can be almost financially equal to buying but with leasing you pay tax on the whole thing and you are only buying the price-residual, if that makes sense... also financing rates are low now

suggest you talk it through with lou fusz nissan for advice from a trusted dealer on this board

point taken, as far as taking a cheaper car; my two choices at the moment are either this or a fully loaded maxima. I'm fine with the maxima other than I'm not a huge fan of the new design, and I don't want another FWD. I'm at a point in my life where if I don't get a 2 door sports car now, I feel like it's never going to happen, once family starts and all.

Quote:

Originally Posted by koeppelnissan

Come see me when you are ready!

will do!

tonybui · 02-06-2010, 01:48 PM

I think that's too low of a down payment and your monthly bill will exceed $500.

FuszNissan · 02-06-2010, 06:03 PM

The Z is horrible to lease. You are better off to purchase.

j.arnaldo · 02-07-2010, 10:07 AM

"Much Better Than Average" reliability! Go for it!

frost · 02-07-2010, 10:29 AM

A $500 dollar payment based on your downpayment is going to net you a car somewhere in the high $20k area, even with a 72 month loan. So, like travis said, your best bet is to see what kind of smokin' deal you can get on an old model, or even better, a used model.
Basically, if your price OTD is over $27k, you need to keep looking. Of course this depends on your credit score and what interest rate you can get as well. I'm basing my ramblings on 6% interest.

370Zsteve · 02-11-2010, 03:39 PM

Quote:

Originally Posted by frost

A $500 dollar payment based on your downpayment is going to net you a car somewhere in the high $20k area, even with a 72 month loan. So, like travis said, your best bet is to see what kind of smokin' deal you can get on an old model, or even better, a used model.
Basically, if your price OTD is over $27k, you need to keep looking. Of course this depends on your credit score and what interest rate you can get as well. I'm basing my ramblings on 6% interest.

Completely agree, heed this advice. Also really REALLY assess your situation and see if you actually can afford this car. What happens if you lose your job? Not such a remote possibility in this economy...............

toxik · 02-11-2010, 04:00 PM

Quote:

Originally Posted by 370Zsteve

Completely agree, heed this advice. Also really REALLY assess your situation and see if you actually can afford this car. What happens if you lose your job? Not such a remote possibility in this economy...............

lol i'm an accountant, so on one hand if anyone can assess their financial situation, that would be me; that's also the other point, tons of accounting jobs whether economy is up or down.

I'm gonna go to Koeppel once I'm ready, see what numbers I get and decide what to do from there. I'm also hoping for a nice tax return which could bring my down payment right back to where it was before.

thanks for all the advice guys.

elmz · 02-09-2010, 02:12 PM

You may be able to find a used 09 from Carmax or something like that. You will not be able afford a new 370 on that budget and down. I can't say about a lease, I've never done a lease before.

jason821 · 02-09-2010, 02:24 PM

Going to pick up the exact car tonight. 2010 370z base with sports 6speed. it has illuminated door sills, splash guards and mats. I am walking in with $700 cash and walking out with a 36 month 12k year lease for $456/month. Im also trading in a leased 2009 TSX Base with 25k miles....Still has a 1.3 years left on lease. The dealer payoff is $25,233. I sure hope its a good deal. It sounded decent thats why im going for it.

jason821 · 02-09-2010, 08:43 PM

Quote:

Originally Posted by jason821

Going to pick up the exact car tonight. 2010 370z base with sports 6speed. it has illuminated door sills, splash guards and mats. I am walking in with $700 cash and walking out with a 36 month 12k year lease for $456/month. Im also trading in a leased 2009 TSX Base with 25k miles....Still has a 1.3 years left on lease. The dealer payoff is $25,233. I sure hope its a good deal. It sounded decent thats why im going for it.

Check this out....Went to get my car tonight....Did all the paperwork, I'm just about to sign the final document and notice the manager is hiding how many months the lease is for. So I ask him if the terms are for 36 months. He begins to tell me "they are what you agreed on" So i basically demand to see what they are. This jerkoff tried to get me to sign a 60 month lease! after agreeing to 36 month. It just so happens he cant find all the papers from the day before that they wouldnt let me photocopy. I should have known the deal was to good to be true. Ended up walking out. I am so devistated right now. I really wanted it!!!!

soCo · 02-10-2010, 12:22 AM

Quote:

Originally Posted by jason821

Check this out....Went to get my car tonight....Did all the paperwork, I'm just about to sign the final document and notice the manager is hiding how many months the lease is for. So I ask him if the terms are for 36 months. He begins to tell me "they are what you agreed on" So i basically demand to see what they are. This jerkoff tried to get me to sign a 60 month lease! after agreeing to 36 month. It just so happens he cant find all the papers from the day before that they wouldnt let me photocopy. I should have known the deal was to good to be true. Ended up walking out. I am so devistated right now. I really wanted it!!!!

Wow sorry to hear that! That is really shadey, you should post up the dealership so other people know not to go there.

jason821 · 02-10-2010, 10:50 AM

Quote:

Originally Posted by soCo

Wow sorry to hear that! That is really shadey, you should post up the dealership so other people know not to go there.

You're tellin me! I'm working with another dealership now to work it out. Once I have things figured out, I will post the name of the dealer.

I hate to bad mouth people/places but I think this is an instance where it may be necessary. I googled the name and it doesnt have the best reviews. looks like they pulled the "bait and switch" on some others.

02-06-2010, 11:44 AM	#1 (permalink)
toxik A True Z Fanatic Join Date: Jan 2010 Location: Brooklyn, NY Age: 38 Posts: 9,157 Drives: 11 328xi, 96 300zxTT Rep Power: 45	Looking for advice on getting a Z Hey guys, so I currently have a nissan leased which I'm planning on returning in end of spring/early June in order to get another nissan, 370z. I'm looking to get a Base w/ sports package. Now my dillema is in what I'll be able to afford. My budget is around ~500 a month payment. I recently had an emergency situation and wasted most of my savings for the down payment, I'll only have about 2500-3000 for the down payment on the Z. Should I be looking to finance or lease? I haven't really seen anyone talk about leasing the car, I'm assuming that the z is not great for leasing. Anyways, I'm hoping to get some real life advice from you guys since I don't know if my down payment is enough.

02-06-2010, 12:53 PM	#2 (permalink)
travisjb A True Z Fanatic Join Date: Jan 2009 Location: GSO Posts: 2,803 Drives: VIR Rep Power: 189	maybe the best advice we can give you is to buy a more affordable car... but that's up to you... you might want to look for last year's model to save a few $... personally, i think people should just buy their cars - leasing can be almost financially equal to buying but with leasing you pay tax on the whole thing and you are only buying the price-residual, if that makes sense... also financing rates are low now suggest you talk it through with lou fusz nissan for advice from a trusted dealer on this board __________________ 2009 370Z #104 For Sale

02-06-2010, 06:03 PM	#6 (permalink)
FuszNissan A True Z Fanatic Join Date: May 2009 Location: St. Louis Posts: 14,275 Drives: Pure Sex Rep Power: 543	The Z is horrible to lease. You are better off to purchase. __________________ Mods: Too Many to list! LouFuszNissan ZDAYZ 2012

02-09-2010, 02:24 PM	#12 (permalink)
jason821 Base Member Join Date: Feb 2010 Location: Orlando, FL Posts: 13 Drives: 2010 370z PW M6 Rep Power: 16	Going to pick up the exact car tonight. 2010 370z base with sports 6speed. it has illuminated door sills, splash guards and mats. I am walking in with $700 cash and walking out with a 36 month 12k year lease for $456/month. Im also trading in a leased 2009 TSX Base with 25k miles....Still has a 1.3 years left on lease. The dealer payoff is $25,233. I sure hope its a good deal. It sounded decent thats why im going for it. Last edited by jason821; 02-09-2010 at 02:26 PM.

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02-06-2010, 01:27 PM	#3 (permalink)
koeppelnissan Supporting Nissan Dealer Join Date: Oct 2009 Location: queens Posts: 859 Drives: 14 6MT Trng Spt Nav Rep Power: 17	Come see me when you are ready!

02-06-2010, 01:48 PM	#5 (permalink)
tonybui A True Z Fanatic Join Date: May 2009 Location: Maryland Posts: 1,397 Drives: 09 Sports 6 Speed Rep Power: 428	I think that's too low of a down payment and your monthly bill will exceed $500.

02-07-2010, 10:07 AM	#7 (permalink)
j.arnaldo Banned Join Date: Oct 2009 Location: Puerto Rico Posts: 937 Drives: Nissan 350Z, 2004 Rep Power: 0	"Much Better Than Average" reliability! Go for it!

02-07-2010, 10:29 AM	#8 (permalink)
frost Retired admin Join Date: Dec 2008 Location: Winterfell Posts: 106,613 Drives: Your Wife Crazy Rep Power: 0	A $500 dollar payment based on your downpayment is going to net you a car somewhere in the high $20k area, even with a 72 month loan. So, like travis said, your best bet is to see what kind of smokin' deal you can get on an old model, or even better, a used model. Basically, if your price OTD is over $27k, you need to keep looking. Of course this depends on your credit score and what interest rate you can get as well. I'm basing my ramblings on 6% interest.

02-09-2010, 02:12 PM	#11 (permalink)
elmz Track Member Join Date: Feb 2009 Location: San Diego, CA Posts: 674 Drives: 2014 Porsche Boxster Rep Power: 18	You may be able to find a used 09 from Carmax or something like that. You will not be able afford a new 370 on that budget and down. I can't say about a lease, I've never done a lease before.