Leasing 370z offer

Kurofox23 · 10-31-2011, 06:54 PM

Quote:

Originally Posted by kellyefields

I cannot say anything bad about brandon nissan because they have treated me well when I need something (never bought a car there then again I avoid all dealerships when it comes to cars) other than the fact they are not a sponsor of our club anymore. Wesley Chapel nissan is the new chapter sponsor. when I get me car back late november we will have to hook up.

Ive been talking to the internet sales manager at Brandon so far and he seems really nice, and hasnt tried to push me into anything. Answered all my questions and ill probably go in there tomorrow or wednesday to test drive. And yah for sure lemme know when you get it, goodbye cobaltss.net hello 370

EDIT: Just thought of something to. Would it be smarter to wait and lease a 2012 because it will be worth more in 3 years? Or go for the 2011 because its a cheaper sales price?

somatic · 10-31-2011, 09:27 PM

Quote:

Originally Posted by Kurofox23

Ive been talking to the internet sales manager at Brandon so far and he seems really nice, and hasnt tried to push me into anything. Answered all my questions and ill probably go in there tomorrow or wednesday to test drive. And yah for sure lemme know when you get it, goodbye cobaltss.net hello 370

EDIT: Just thought of something to. Would it be smarter to wait and lease a 2012 because it will be worth more in 3 years? Or go for the 2011 because its a cheaper sales price?

if you lease, doesnt really matter, as long as u get the 2011 now

Kurofox23 · 11-03-2011, 11:59 PM

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!

kellyefields · 11-04-2011, 06:56 AM

it being used you should be getting a better deal on it than that. sounds like they are trying to hide the cost of your vehicle in the OTD price. Simple fact is if you are going to buy from a dealership always talk the price of the car and settle on it before talking trade. If they know there is a trade involved they can pad the numbers to ensure they make theirs on the vehicle you are trading in. so talk new car price then know how much your trade is worth via NADA and then talk overall total that way you know exactly how much you are getting on everything you are doing.

So for example the car is 30 and you settle on 32 OTD then you talk trade and get 7k but you owe 8k. it should be the 32k + 1K = 33k OTD. now that is the simplified way of doing it but there is nothing hidden in that equation unlike the paperwork they do.

somatic · 11-04-2011, 08:22 AM

Quote:

Originally Posted by kellyefields

it being used you should be getting a better deal on it than that. sounds like they are trying to hide the cost of your vehicle in the OTD price. Simple fact is if you are going to buy from a dealership always talk the price of the car and settle on it before talking trade. If they know there is a trade involved they can pad the numbers to ensure they make theirs on the vehicle you are trading in. so talk new car price then know how much your trade is worth via NADA and then talk overall total that way you know exactly how much you are getting on everything you are doing.

So for example the car is 30 and you settle on 32 OTD then you talk trade and get 7k but you owe 8k. it should be the 32k + 1K = 33k OTD. now that is the simplified way of doing it but there is nothing hidden in that equation unlike the paperwork they do.

ok, you're all forgetting one important factor: a used cars selling price is not bsed on how much it's nada or kbb is,,,it's based on how much the dealership gave the person they bought it from. you may very well be able to find a base model cheaper, but if they payed $29,000 for it, $30,000 IS low for them. They probably gave that customer all the money for it, the same way you want all the money for your cobalt.

plus, zs are holding their value like crazy because of the low supply. even though it is a base model, it only has 1000 miles, making it one of the moct valuable used base zs out there lol

PapoZalsa · 11-09-2011, 03:18 PM

Quote:

Originally Posted by Kurofox23

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.

somatic · 11-09-2011, 03:53 PM

Quote:

Originally Posted by PapoZalsa

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.

things are very different these days. availability of zs is much lower (at least here in texas)

RunNgun · 11-04-2011, 09:47 AM

Quote:

Originally Posted by Kurofox23

Ive been talking to the internet sales manager at Brandon so far and he seems really nice, and hasnt tried to push me into anything. Answered all my questions and ill probably go in there tomorrow or wednesday to test drive. And yah for sure lemme know when you get it, goodbye cobaltss.net hello 370

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.

somatic · 11-04-2011, 09:52 AM

Quote:

Originally Posted by RunNgun

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

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

Thay are basically charging you 17% APR

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

....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

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

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

11-04-2011, 06:56 AM	#4 (permalink)
kellyefields A True Z Fanatic Join Date: Nov 2010 Location: Lexington Ky #BBN Age: 49 Posts: 1,166 Drives: Supercharged Rep Power: 18	it being used you should be getting a better deal on it than that. sounds like they are trying to hide the cost of your vehicle in the OTD price. Simple fact is if you are going to buy from a dealership always talk the price of the car and settle on it before talking trade. If they know there is a trade involved they can pad the numbers to ensure they make theirs on the vehicle you are trading in. so talk new car price then know how much your trade is worth via NADA and then talk overall total that way you know exactly how much you are getting on everything you are doing. So for example the car is 30 and you settle on 32 OTD then you talk trade and get 7k but you owe 8k. it should be the 32k + 1K = 33k OTD. now that is the simplified way of doing it but there is nothing hidden in that equation unlike the paperwork they do. __________________ MY 2009 SC BUILD. Last edited by kellyefields; 11-04-2011 at 06:59 AM.

11-09-2011, 12:59 PM	#10 (permalink)
GraphiteZ Base Member Join Date: Nov 2010 Location: Northern VA Posts: 96 Drives: 05 Elise and 13 GTI Rep Power: 33	Thay are basically charging you 15% APR 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? Last edited by GraphiteZ; 11-09-2011 at 01:11 PM.

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11-03-2011, 11:59 PM	#3 (permalink)
Kurofox23 Base Member Join Date: Oct 2011 Location: Florida Posts: 6 Drives: Cobalt SS/SC Rep Power: 15	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!