Lease question

FaNaTT

I appreciate your input! I will keep all of those things in mind! I live in Florida, so that 1k money might not apply to me >.<

I tried to look for the app, but I have an iPhone and couldn't find it. I found something else though, so will try to figure it out.

The dealership I will go to has the car I want (I checked online) - base car in black color with no options. I love the Z, but financing is a bit steep now, so I want to lease and then buy. I was thinking about putting 8k down and bring the monthly payment down to about 240 OTD. Lets see how it goes!

squad008

With $8k down your payments would be high at $240 since right now they have a lease special on the base at $299 a month and that is if you don't negotiate the buy price at all. The $299 does require that you put down $3k (which includes your first months payment). This doesn't include your Tax, Title, License and dealer fees, but negotiating the buy price down from the MSRP should help eat up most of these costs. So that extra $5k down should lower the payment more than that.


HOWEVER, please remember this. NEVER EVER put down that kind of money on a lease. A little known fact that most people don't realize is that if you go off the lot and total your leased vehicle, your insurance company will only pay the car loan off and anything that you put down you will not get back. I.E. if your car gets totaled at any point during the lease you will never get back that extra money. I would put the extra money in a bank account and draw from it as needed to make up the difference in payments.

persian54

Does anyone know what the rate will be if one gets Sport and the rear camera option?

I assume the Nismo has really high MF and low residual huh?

We have a couple Altimas but the Z leases they've given me are way too high! I wanted a Z w/sport + rear camera, they told me $480/month (nothing out of pocket).
I mean, I didn't sit and negotiate, but I was hoping to get something under $400. Would that be possible?

synolimit

My sport last month at invoice, tier 1 credit with 1k down is $388.

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13 370z-

Mike

Not necessarily true. The insurance company will pay what the car is worth, regardless if it is more or even less than what you owe on it. that's why leases have gap insurance just like you can get on a loan.

that being said, most of the time, you will lose a good chunk of that down payment money and you are better off not doing it.

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NISSAN: 75 280Z / 86 300ZX GLL /87 Sentra SE / 03 350Z / 23 Z
Porsche: 93 968 / 23 Macan GTS / 93 968

synolimit

Not true. You still owe x amount of dollars and the car is still worth x amount of money. Insurance pays you what its worth. The insurance doesn't care who the lean holder is as its your car either way. They care when you take the check, pay off the loan, so whatever bank will give them the title. They understand this takes a few days/weeks. You get cut the check, you pay off the lender what you owe, rest is left over for you which is same as a buy.

A lease in terms of ownership is 99% the same thing, you don't own the plates because you haven't paid all your taxes yet, you only paid amount you rented the car from them. Once you buy a lease at term end, 1 month in, 12 months in, 3 years in etc, you pay tax on your residual amount and you go get new plates. It's still always your car.

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13 370z-