06-02-2010, 04:03 PM
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#26 (permalink)
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Base Member
Join Date: Apr 2010
Location: Southeastern PA
Posts: 94
Drives: '14 Mid. Blue 6MT
Rep Power: 17
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Quote:
Originally Posted by silvrevo
Demon, I would get your money back and start over. Try giving Lou in STL a call. He is doing them for a grand under invoice, which will get your cap costs down.
I just called him.
You will also need the money factor, which is your apr on the lease.
I like leasing, you get more car for the money.
If you buy the car you pay FULL sale price in taxes, which you will never see back.
If you plan on buying it, how long do you have to own it before your not upside down? 4 years or better?
And you can get in and out of cars much better. I like to have a new car every 3-4 yrs.
Right now Im looking at leasing a 2010 370z. Since they just came out, the lease will be much stronger.
Also only money you want to put down on a lease is sec. dep. first month payment.
If you put a large amount down, then total your car. Your out that money.
So I like leasing, it has to be for the right person,,, and yes I have crunched the numbers over and over.
Get you money back and start over. Call a dealer that says they will do a grand under invoice.
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this probably is not the norm, but a friend of mine had to trade in his '09 base w/ sport 2 weeks ago and the dealership gave him 25.5k for it, which was just enough to cover the outstanding balance on the 72 month loan on the car. so...while im sure the fact that he was buying an altima from them played into the fact that they were willing to go up that high(although kbb has the trade-in for an '09 around that value), im pretty sure even with aggressive financing like a 72 month loan without much down, you wont be upside down on it for 4 years...
but im sure whether or not you pay invoice vs msrp on the car and if you finance tax/tags etc has a lot to do with it. i know my friend's initial loan was something like 31k for the car, not entirely sure. anyways, i went off on a tangent, just saying i dont think it'll take 4 years to get positive equity out of a 370z, even with an aggressive loan. but i've heard that 370's are commanding a high resale value right now at least(saw they were voted best in class resale this year)..maybe some of the dealers on here can shed some light there.
Last edited by JDubya; 06-02-2010 at 04:05 PM.
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