370z lease pricing ridiculous?!
 

I went to the dealership to lease a 370z because I saw an add online that said it would cost $339 a month for 39 months with 3,000 down too lease a 370z. I called prior to entering the dealer and they said it would be 30 to 40 dollars more if you want in automatic. I always wanted a white 370z with a sports package w/ an automatic because I test drove the auto once before and it was amazing. The dealership told me that my monthly payment would be $469 a month for 39 months with $3000.00 down. I gave them my down payment and they said, your monthly payment is now $515 a month after they cashed the check. Keep in mind that they ran my credit score a the beginning of the deal and told me they can do it for $469.

Do you think $515 a month for 39 months with 3,000 down is a deal on a sports package 370z automatic? I need advice because this dealership brought me in thinking 400 a month and now im at $515....

everyone always says that leasing a 370z is a bad idea, at 515 a month for a base with sports, plus your down payment... you're not too far off from what it would cost to finance the car, just a longer term but the car will actually be yours.

Did they tell you why it went from 469 to 515 per month? Was the 469 before the monthly use tax if it applies to you?

Yeah walk away if you are not in need of a car right now. I would tell them no unless they will do the $469 but be cautious they may increase the term to lower the payment.. You can always find another dealer that will do it. Dont forget to cancel the check if you walk away.

Why would it go from $339/mo. to $469? You said the auto tranny was only costing $30-$40 more...sounds like they are trying to take advantage of you

yea..sounds like they are screwing you. i went in for a lease as well..now i didnt sign papers...but they were telling me $480-485/mo tax in with $2000 down and it was for a white, base+spt, 6spd.

you need to get your $$ back

Who the hell puts down payment on lease? The car isn't yours and never will be and leasing the car for 450-500 is the price equivalent to real car owner's payment. Save up and put 20% down payment on the car and financial the damn car w/ at least 4.00 APR.

Maybe they were thinking that you wanted to put $3k down PLUS tax, tags, registration, etc. I agree with the other poster that said your payment seems reasonble if you only put down $3k total.

The dealership increased my monthly payment IMMEDIATELY after they cashed my down payment. I am being offered $515 a month for 39 months with $3,000 down as of today and they basically are scamming me as I have looked up reviews about this dealership online. There called Nemet Auto Group located on Hillside Ave. New York.

Furthermore, leaseing isn't all that bad as people say it is because if I get the lease at $469 a month for 39 months with $3,000 down that equals $21291. They will then let me finance the vehicle afterwards for $19,600 bringing the total of the car to be $40891. If I want this 370z to be financed it would be over 750 a month and the interest rate on the monthly payment puts the vehicle at that price ANYWAYS! If not, I have did the calculations several times with different amounts of down payments and I am losing 1,500 to 2,000 leasing if I keep getting robbed by this dealership.

So in the end...leaseing does work out much better as it does make it possibly for some to afford to purchase a vehicle.

On the other hand...$515 a month is BS to me but have to go along with it because for the past 3 months I cannot find a white 370z with a sports package and automatic at any dealership on the east coast other then Nemet auto group.:shakes head:

Another thing is, they sent me the contract in the mail and they increased the down payment to 5,097 and expect me to sign the contract at that price and still pay $515 a month for 39 months...beware of dealerships that do these things please. I am going to scratch it out of course and put 3,000, then initial, and give the documents back to them for a deal.

Still in the end...I feel that I have no other choice but to lease this 370z because the white, with sport package is so limited, as well as with automatic.

Ugh...what to do?!

The manager himself said "Dealerships lie all the time to bring buyers in, im giving you the vehicle at a good price. Anywhere else you go, it will be higher, guarantee you!" scum :mad:


P.S. - sorry for the double post.

I just got a new quote today for leasing and buying. I'm not sure what I'm going to do yet but the first offer they made me was for 32,740 for a '10 base+sport white 6pd with nismo brake pads, floor and trunk mat, illuminated kick plates and splash guards. The down payment is 2000 either way and the price is 519 lease or 575 purchase. I haven't haggled it yet but it looking good so far and I got that in writing on a printed sheet from them. Don't let them screw you.

For how many months are you leasing the vehicle at 519 a month and how many months for purchase?

Did they run your credit yet?

Dude...you're basically admitting to yourself that you're getting scammed, but in the same breath you're saying that you have no choice? How about you grow a pair and tell the guy to go f**k himself, and then haul your girly *** to another dealer?

Seriously...why is that such a hard thing to do?

By the way, you do realize that another dealership can locate the car you want, even though they don't have it in their own inventory....don't you?

39/mo lease and 72/mo purchase. I'm going to see if I get it to like 530 for purchase. They didn't run my credit but I told the what my credit was and they gave me a quote based on that.

Dude...your being a real mcA**hole right now and not understanding my point. I called up 7 dealerships 4 in florida, 3 in new york and a white 370z with a sports package and automatic transmission cannot be found. Now do you see why its such a hard thing to do? 2 dealerships in the east coast have that exact 370z.

In the end, you should grow a pair and call a dealership and find out yourself and come comfront me again. Damn, 1 post on this forum and I already found a F**King idiot.

Hmm, im glad you told me those numbers as I have to put 1,000 down more and pay 515 to lease the vehicle? Damn

72 months for 575? Yeah thats $41,400. Leasing works out cheaper if you get it for that price lol. You should definitely haggle them down, thats ridiculous.

Ok...let's dissect what you just wrote so we can figure out exactly how little sense it makes. You found the Z you want...correct? So why don't you walk into another dealership and tell them that you've located it yourself at another dealer but you don't want to do business with them because of their dishonesty. Don't you think they'll make every effort to get that car for you from the other dealership? Salesmen want to do one thing...make sales.

And if for some strange reason they can't, then you just need to decide how big of a sucker you're willing to be.

If you have money to spend then go spend it. You should also try contacting a forum sponsor dealership like Fontana/Lou Fusz Nissan.

Yes I intend on haggling. I haven't made a counter offer. I just wanted to see where they'd start with pricing. I kno I can knock the lease down to 480 and purchase to 530. I'll let u kno how it goes.

I have already went to 3 other dealerships not far from that dealership and they said unfortunately we cannot do a trade with the dealer because they are some certified nissan dealer crap. After that statement I am asked, would you like to take the yellow, touring, sports package, convertible on our lot instead? Looks like ill have to be a sucker for the color and specs I want the car to be in. :mad:

Yes, please do...I am holding out for a bit to see if I can locate any more 370z's with that color and specs. They have a lease special going on if you google it up its $399 for 39 months with 3,000 dollars down to lease the vehicle. I say you use it as ammo just in case you decide to do a lease.

+1

What's wrong with you OP?

I have to agree with Carniac, you made it sound like you had no choice and you never raised any type of concerns. If I was offered $339 and they came back and said it was $469, naturally I would say "wow! thats a big change, why?" Then in the end it came out to $515 and they wanted more for a down?! You left a lot to be mentioned.

Anyway, my point is, this is a good forum, trust me, I've had a Z awhile and there are far worse Z forums out there. If you are going to post something, atleast be open to some criticism and state everything so we can best reply.

Obviously, you got a bad deal, and if they treat you that way in the beginning imagine how they would treat you after? Keep looking around I'm sure you'll find a good offer.

Good luck!

Thank you all for your insight. I have been checking around at other dealerships and they want no less than $541 a month to lease a 2010 370z. I would like to know of anyone else who has been quoted cheaper than that price with $3,000 down as I would travel to buy the vehicle cheaper somewhere else.

here..i hope this helps

Dude thats an awesome spreadsheet you have there. I see that they are NOT giving you any discounts on the vehicle what so ever. It seems that were pretty much in the same price range as if I were to lease than purchase the vehicle I would be at $42,885 for a 2010, automatic, base Z, with a sports package and you would be at around $42,500.

If me and you were to either finance the vehicle, it would be about 2,000 cheaper but still affordable from the get go because we would still have to pay the interest rate which is about 6.7% here in Florida. After looking at your estimate, I am going to go to the dealership tomorrow and get the vehicle at $515 a month for 39 months with 3,000 down and just fight for the 15,000 miles as I am currently being offered 12,000 miles. Thanks for the upload.

6.7%?? Wow...you really are being taken for a ride. These salesmen must know how badly you want that car.

thats the quote i got without haggling with them and thats with $2000 down. I've already been offered $490 with the same $2000 down. With $3000 you should get to $470 at most!

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.

Im thinking that it was 339 if you have the best credit available and they might of left out something in that price. Its a marketing ploy prolly to get you in there. And prolly only 5% of the population can get the car for 339. Now dont take this the wrong way but 469 is the price youd pay maybe cause of your credit rating. And then with tax tag and all that good stuff pushes it up to 515 a month. But I could be wrong.. as I dont know a whole lot about leasing. If the dealer isnt willing to get the car you want then go to another dealership till you find the car you want. Its really a buyers market when it comes to cars, if you dont like what 1 dealership is giving...go to another till you find one that is willing to serve you. Your making the sales guy richer...so he should treat you like royality for however long your at the dealership is my opinion on buying a car.

I have already began leasing the car at $511 a month for 39 months with 3,000 down. I tried about 15 other dealerships and no matter what, they would not decrease the payment or would just run my credit score and drop it lower. The dealership in new york is a bunch of scum bags but I just went along with it and got the car from them at that price because they were the only dealership with a PW 2010 370z Auto w/ Sports Pkg. At any rate, I appreciate all the concerns and opinions I have been provided to by the members on this forum and no matter what, I was told this by two other dealerships, NO ONE can lease a 370z for 339 a month, that it is just a scam to bring people in there. So, I just went along with the deal after having my credit ran 6 times and having the dealership get me the car at this price.

I understand that you guys feel I could have gone to another dealership. I have went to 12 other dealerships with no success. This is my quote, down payment, and for this amount of months I must lease the 370z. Last week I flew to NY and drove the 370z back down to FL and enjoyed every bit of the breaking in cycle.

475 miles a tank on premium
350 miles a tank of regular

These times were all at 85-100 mph the entire way.

As far as the lease discussion goes, please continue to post your lease quotes and pricing in your area if need be so.

As long as you are happy with the purchase then that is all that really matters.

leasing is all about residual value and money factor, you can't judge how good of a deal you got unless you have those numbers. But as long as you are enjoying the car, that's what matters. $339 lease on a 370z would be unheard of.

But congrats! And I wish I can get me a 2010 Nismo. What's the invoice on them anyways?

Thanks alot for your best wishes and the 370 is truly an amazing vehicle right round. A 2010 Nismo is 39,610 MSRP. And at two dealerships here in Orlando, I see them at 42,065 and 40,565. A black and a white one. The white one is oh so sexy...the black...hmm Nice, but you can't see the curvature of the car at all in the day or at night.

All the lease quotes are going to vary due to some states are user tax and others are up-front tax.

For some reason the MF on the 370z seems really high.
I pay less than your quote for my 09 6MTG37Scoupe with Premium Sport Nav.
MSRP was around 44k I think.

I went and got an estimate of the lease payment on a Nismo 370z and the guy told me 680.... I laughed and told him thanks for the test drive. I think the Nismo was stickered around 41.

FWIW. I leased mine for $3000 down, $429/mo 39 mo. Base + sport.

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.

Leasing is like renting, the car is not yours and you are throwing the money away. I learned my lesson, I will never, ever leased another vehicle.

If I don't have the money to buy it, then I don't need it!!!

This argument is WAY too simplistic.