Good Deal?

Beachhz

Just my curiosity, but regarding leasing, what is lowest monthly payment/down payment people have seen on this forum?

MacCool

Lots of variables to account for in order to provide a meaningful answer. Residual Value is one of the biggest, not to mention state-to-state variation in sales tax rates (since sales tax becomes part of the lease payment). Additionally, loan risk (relative to calculating Money Factor) is a big one. Mileage, state laws, money down, Cap Cost, length of lease...it's a long list.

Having said all that, lease payments are going to be in the $400 to $600 range, typically.

Leasing can be a good way to go for many people. You can drive a lot more car than you can buy outright because with leasing you're really only paying up front for the part of the car that you're going to use. For high mileage drivers, people who want to mod their car a lot, or people whose goal it is is to ultimately not have a car payment, a low or 0% interest loan might make more sense.

Beachhz

Very helpful, I'm just trying to find a decent price for a 2014 7A Sport Touring with Nav. I want to know how much I should expect to pay so I save up a certain amount for this car/down payment.

MacCool

I have a 2014 6MT Sport Touring w/Nav. Price was $37,7000. 39 month, 12,000 miles, $19,000 residual value. $3000 up front. Lease payment is $545 through NMAC.

Relative to total cost, note that Nissan almost always has some kind of end-of-lease deals. This year it was $500 off new vehicle if you re-lease, as well as waiving the last three lease payments and wear/tear fees. Also note that my residual on my previous vehicle was $21,000. KBB on that vehicle is $28,000. IOW, I could have bought it for $21,000 and resold it for $28,000. Theoretically.

Beachhz

You think I could manage to get to a $525 a month for 42 months with $2,000 down and 12,000 miles a year?

MacCool

Going to depend on what you qualify for (credit) as well as what leasing programs your dealer participates in. Some work with multiple leasing companies, some only with NMAC. I haven't seen any leases that long. Too hard to guess residual value when you get out that far. Especially now that the Z34 platform is due fir a major update in the next year or 3.

Beachhz

Credit is about 710-720, hopefully it will be higher in a few months, Tier 1 credit would help quite a bit.