2013 touring/sports/auto/nav $530 month, 0 down
 

I met a guy yesterday with a 2013 Z that knows the owner of a dealership and only pays $530/month, including taxes, with 0 down. He even special ordered it 6 month in advance.

Just wondering how good of a deal is that? Im considering leasing too in the near future and he said he could prob bridge as the middle man if I stick with nissan products.

Anyone care to chime in and share how much their lease was?

$530/month for how many months? Is that rate for leasing or owning? What model?

Yep - a low monthly payment does not a good deal make. Not enough info to decide...

My own personal vehicle ('11 300C) was OTD $37k with a 2.9% APR and I pay $543 to own the vehicle with only $500 down. I got screwed on an APR on the previous car (9.5%) so I was tired of paying the interest. I always say to finance the vehicle unless you're so far under that you need the cheap payment on the lease to roll in and take the hit 3-4 years later.

Whats the Lease -End Value ? Term length? Mileage?

don't lease if you plan on modifying it.... you can't.

:iagree: Not even a tint.

I completely disagree


I'd just do full bolt ons, no tune

It's a lease. Touring with sport, auto, and nav. 36 month he said. 12k miles/yr

I think he got the car at dealers true invoice bc of his relationship with the owner

So, he's spending 19k over 3 years, with nothing to show for it at the end? What a deal. Never lease a car unless it's for business and you can write it off, or your company pays for it.

Wellll... At the end of the 3 years he goes and gets a new car while all of us are stuck with a car that's out of warranty


Thing is that I don't think the 370Z depreciates $19k in 3 years... Actually... Yeah, it kinda does... LOL

OP, if you pay the taxes up front you won't have to pay interest on it

The problem is that you never end up owning anything. That same 19k paid on a car note would have allowed some equity buildup. I guess if you're the type that absolutely has to drive a new car every three years, it makes more sense than buying since you'd basically only have paid the depreciation and interest on the note at that point. I guess I'm the weird one since I keep cars that I buy new 8-10 years.

Yeah problem is if he buys with nothing done on a typical 60 month loan the monthly payment would be pretty high even of he gets a good rate

Yeah, that's not how you're supposed to buy a car. Substantial down payment (15-20%) and a three year note. Maybe a four year note at max, but that's pushing it. If you need 5+ years on a note to be able to afford the payment, buy less car. Of course, no one does that.

The reason I wrote this thread is to compare the rates on leases. One thing I forgot to mention is they first offered him 590 per month. I just wanted to see what others are paying for their leases.

Yes I agree after 3 yrs you don't own anything, but don't forget the depreciation of our cars after 3 yrs and there is no warranty unless you buy extended.

I actually own my 2011 Z btw.

There's a couple threads on lease rates and what's a "good" deal, it's true you don't have to worry about depreciation or anything like that but it just seems like a lot to pay for a monthly car payment but again to each their own.

But... you could trade it in (or sell it) after 3 years and put the trade-in value towards a new car.

That would only result in you breaking even or coming out behind if the trade-in/resale was lower than what was owed on the car.

Nothing is worth than 400 month in my opinion. If you cant put enough down then save there really should be no decision. If you cannot afford it dont lie to yourself. Factor in the insurance also. Peace

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Use "I" not "You". Take ownership of your argument, don't include others. I adjust what I buy based on my income, expenses and future outlook.

na, I'm pretty happy with how my sentence is formed. thanks

Duly noted, you look for a group when you can't stand on your own. :tup:

Didnt realize it was an arguement. Where's the troll police?

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You are the only one to complain about accepting a monthly payment of over $400 per month with your blanket statement. This presents debate. Your statement did nothing to help the OP's inquiry. You more blatantly called everyone with over $400 per month payment stupid because you have a magic eight ball that tells you everyone's financial situation. To assist in your new statement, you used the words "you", not "I" therefore including everyone into your position regardless if you said "IMO" prior to . We are all grownups and I don't need you telling me what I can and can't afford. I happen to pay $531 per month and make 20x that amount per month... after taxes and health insurance. I'm am absolutely certain I can make my payments just fine, thanks, but no thank you, I don't need your advice.

.

I look at leasing as an expensive rental car but still will consider it in the future. Something about having a new car is appealing. To the OP, the monthly payments is tempting but please do not forget to factor in maintenance, fuel, and insurance too. Although I didnt need the Z, after looking at my finances, I had $500 play money so I gotta enjoy life while im still young.