Deal too good to be true?

RunNgun

Ok just ordered my Z. Brand new 2011 black 370, AT, Spoiler, tinted windows, everything else stock. OTD = ~32k. They completely paid off my altima and didnt roll over any of the negative equity into the Z. They basically gave me the Z for around stock invoice price for a 7 year finance at $480/month. With no down payment, I figure they are putting me around 7% APR to make up for them overpaying on the altima, which is bad since I have outstanding credit. I figure I can probably just go and get the car refinanced within a week elsewhere for much better.

Pretty good deal honestly since they basically erased the Altima completely. Even KBB says my car was only worth 18.5k and the dealer gave me 23.3k for it.

poorazn

Apparently I have no idea how car buying works.... They are FORCING you to use their financing? or they just gave you a "total package" and you are assuming a 7% APR effective rate based on monthly and what price you think you got the Z for?

"I'm 18 months into a 39 month lease and I want out.... Obviously on the altima I put $4000 down, but I dont want it anymore and I owe 23k left." YOU OWE $23K for 18 more months on a LEASE!? after $4k down? PLease please please say it aint so... Thats like $50k to lease an altima for 39 months? I dont believe it. Leases generally bind you to the term of the lease, not the buyout cost of the car.

Your monthly lease payments on the altima must be like $200-$300. A lease buy out would be $300*18months = $5400


Maybe you got the Z for
$40320 with 0% APR for 7 years..... or
$36451 with 2.9% APR for 7 years (roughly the rate for a 7xx credit score) which is about $7000+ over invoice on a 11 370z base

Looks like they tacked on $5400 remaining lease payments on to a MSRP base 370z and gave you 2.9% APR for 7.

My math could be wrong, I'm not a very smart man, but it looks like you paid for the next 18month of the altima you wont be driving and bought a Z from them.