Nissan 370Z Forum
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Nissan 370Z Forum (http://www.the370z.com/)
-   Nissan 370Z Pricing / Ordering Discussions (http://www.the370z.com/nissan-370z-pricing-ordering-discussions/)
-   -   Leasing 370z offer (http://www.the370z.com/nissan-370z-pricing-ordering-discussions/44800-leasing-370z-offer.html)

somatic 11-04-2011 09:52 AM
Quote:
Originally Posted by RunNgun (Post 1391876)
The nicer they seem, they harder they are going to try screw you. It's all just an act, and they are NOT your friend.
with internet, that's not always true. internet guys get paid more off volume usually. i know that i have had volume bonus bigger than floor salesmen at my last three dealerships, because internet guys are expected to make less profit.

GraphiteZ 11-09-2011 12:59 PM
Thay are basically charging you 15% APR :eek: on your lease. You are basically paying more than $4k of interest in 39 months. I've never leased a car before. Is that normal?

somatic 11-09-2011 01:09 PM
Quote:
Originally Posted by GraphiteZ (Post 1399512)
Thay are basically charging you 17% APR :eek: on your lease. You are basically paying more than $4.5k of interest in 39 months. I've never leased a car before. Is that normal?
....where on earthe do you see that?

the Money factor is .00210, there isnt an APR on leases lol

GraphiteZ 11-09-2011 01:22 PM
Quote:
Originally Posted by somatic (Post 1399524)
....where on earthe do you see that?

the Money factor is .00210, there isnt an APR on leases lol
It is actually 15%. I don't quite understand how the money factor work.

Here is how I got my number.
Total cost of the car: 31,151+1,967+699+298 = 34,115
Residual of the car after 39 months = 18,984
That means the total depreciation of the car is 15,131

The deal requires him to pay 496 x 39 = 19,344

That means total interest in this deal is 4,213
With an Excel spreadsheet, that is 15.46% APR

Did I do it correctly?

PasswordJDM 11-09-2011 01:40 PM
Quote:
Originally Posted by GraphiteZ (Post 1399554)
It is actually 15%. I don't quite understand how the money factor work.

Here is how I got my number.
Total cost of the car: 31,151+1,967+699+298 = 34,115
Residual of the car after 39 months = 18,984
That means the total depreciation of the car is 15,131

The deal requires him to pay 496 x 39 = 19,344

That means total interest in this deal is 4,213
With an Excel spreadsheet, that is 15.46% APR

Did I do it correctly?
Interest Rate = Money Factor x 2400

So MF of .00210 = 5.04% Interest Rate

somatic 11-09-2011 01:40 PM
Quote:
Originally Posted by GraphiteZ (Post 1399554)
It is actually 15%. I don't quite understand how the money factor work.

Here is how I got my number.
Total cost of the car: 31,151+1,967+699+298 = 34,115
Residual of the car after 39 months = 18,984
That means the total depreciation of the car is 15,131

The deal requires him to pay 496 x 39 = 19,344

That means total interest in this deal is 4,213
With an Excel spreadsheet, that is 15.46% APR

Did I do it correctly?
youre not accounting for projected mileage

somatic 11-09-2011 01:41 PM
Quote:
Originally Posted by PasswordJDM (Post 1399596)
This is how you calculate what the money factor is equal to in interest rate

Interest Rate = Money Factor x 2400
:iagree:

GraphiteZ 11-09-2011 02:00 PM
Quote:
Originally Posted by somatic (Post 1399597)
youre not accounting for projected mileage
Is that the 12000 miles / year?

somatic 11-09-2011 02:16 PM
Quote:
Originally Posted by GraphiteZ (Post 1399641)
Is that the 12000 miles / year?
should be

NickTurnon 11-09-2011 02:16 PM
I got my Base 09 for around 28k at a dealer. Used. You should be able to work and get the price under 30k. Keep in mind they markup a about 1400 worth of zantek paint, etc.. that price can be dropped to as little as $300 if you negotiate. Also you can get better deals on financing etc...

You just gotta do some research on what other people did and how they got their pricing

LakeShow 11-09-2011 02:22 PM
Honestly man the Z is just not the car you lease. It's one of those cars you either buy or you don't. Your leasing a base model for nearly 500$ month essentially paying nearly or more than half the car. You might as well finance and pay 2 extra years and you own the car.

somatic 11-09-2011 02:37 PM
Quote:
Originally Posted by LakeShow (Post 1399687)
Honestly man the Z is just not the car you lease. It's one of those cars you either buy or you don't. Your leasing a base model for nearly 500$ month essentially paying nearly or more than half the car. You might as well finance and pay 2 extra years and you own the car.
:iagree:
some cars it just doesnt make sense to lease, unless you're trying to get rid of negative equity.

GraphiteZ 11-09-2011 02:38 PM
Quote:
Originally Posted by somatic (Post 1399679)
should be
I think the residual value of $18,984 has already accounted for the 36k miles projected miles by the time the lease end. Think about it this way, $18,984 is more like the price for a 3-year-old Z with 36k miles, than a 3-year-old Z with 0 mile.

Money factor is more like a sugar coated number. At the end of the day, he will be paying $4,000 of interest in 39 months. That doesn't look like 5% to me.

somatic 11-09-2011 03:07 PM
Quote:
Originally Posted by GraphiteZ (Post 1399722)
I think the residual value of $18,984 has already accounted for the 36k miles projected miles by the time the lease end. Think about it this way, $18,984 is more like the price for a 3-year-old Z with 36k miles, than a 3-year-old Z with 0 mile.

Money factor is more like a sugar coated number. At the end of the day, he will be paying $4,000 of interest in 39 months. That doesn't look like 5% to me.
dont forget, hes also rolling in his taxes and fees, almost $3000 right there :tiphat:

PapoZalsa 11-09-2011 03:18 PM
Quote:
Originally Posted by Kurofox23 (Post 1391554)
SOOO. Im about to buy the base model. I found a used one with 1k miles on it. The car is going to be 30k and originally they were going to take in my cobalt for 5k i got them to 7 ( I owed 8k on it so i had negative equity they had to pay ) Total out the door for everything came out to 34500. I have no idea how people on this forum are getting there 370s for like 32k out the door with sports package because here in florida all the nissan dealers are barely dropping to 30 for the car!
I got mine thru USAA. About $32K OTD Base w/Sport Pkg plus iluminated kick plates. Well it was in 09 but neverless it was new.


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