MemphisZ07

Well, I went to Wolfchase NIssan here in Memphis looking at an '07 base SMB 6M with a window sticker of 28.9k. They offered to sell it for 27.4 and with my first months payment plus about 600 bucks extra the 48/mo 12k mi/yr lease came to 495 with good credit. Does that seem high to anyone? Lease compare showed it at 450 so I will try to go through them. Any help would be greatly appreciated..

JDMFairladyZ33

iTrader: (37)

That is too high. Ask them to tell you what the lease rate is, MSRP they are calculating it off of, and any extra fees. Get an exact number not the oh it's some money factor value that they don't know. Generally a lease will work out to be like a 72 month purchase. BTW DO NOT LEASE unless you have to. You generally always loose out with negative equity at the end and the residule value is inflated. Nissan will only honor that value if stay within the mileage agreement of the lease. If you go over the car is going to be worth by what the market dictates. If you decided to buy the car after the lease then you will be stuck with the inflated value unless you can talk them down after 48 mon. Also, if you have to lease dont do 48 mon. Sign a 36 mon.

MemphisZ07

That's actually a good question, not sure what the lease rate is. Money factor was .00031 i believe. But the situation I am in I kind of have to do 48 mo lease but I know I will not go over the mileage. Lease compare has much cheaper rates hopefully I can get something worked out with them.

JDMFairladyZ33

iTrader: (37)

Well you have to have good credit to lease in the first place. I don't know what the rate is but in 06 a buddy of mine leased a base Z, MSRP ~27.5K, for 48 mons @ $420/mon.

ldawg32

iTrader: (15)

i guess the only color people are interested in is the new smb huh? beautiful color but looks like it will be played out soon. good luck with new car lucky you.

MemphisZ07

I do know the money factor was .00032 does that make a big difference?

Sean

just buy a used one.

Beer Goggles

iTrader: (2)

This website is very valuable.

http://www.leaseguide.com/calc.htm

A. Never negotiate from the start on payments. They can manipulate numbers to make it whatever you say (The old saying "whoever says a number first loses).

B. Never lease for that long. The idea behind a lease is short term ownership. 2-3 years ONLY. Leasing is similar to buying the car and negotiating the trade in price from the start.

C. Some cars, and manufacturers are not good to lease.

I did some quick math 48 months, using 50% residual, 7% tax and I got about $290 a month with $1100 drive off.

The site guesses a little low, but without knowing all your numbers it's hard to say....but $500 a month is what you should be able to BUY the car for...not lease.

And unless you don't really drive it all the time do 15K.


I also don't buy that Money Factor they fed you...that means they are giving you 0.7% interest on the lease...and I've never seen Nissan that low.

MemphisZ07

I guess there is just something in the numbers I dont know about. 48/mo 12k mi/yr with 1200 down (including 900 for first mo/pmnt, tags, title etc) and a .00032 or ..00031 money factor came to 495/mo. Just think I'm missing something.. but either way I walked and am hoping a call back tomorrow with something lower.

SargentZ

It doesn't matter if every 07 sold was SMB, it still will be lost in the Sea of Silvers!

rglbegl

DO NOT LEASE A 350Z!!!!!! the residual rate is WAY toot low to make it worth while. The payment will be CHEAPER on a 5 year purchase than on a 4 year lease . . .BY FAR!!!!!
I finance cars for a living. Trust me when I say you are getting screwed HARD. they are making about $12,000 on you right now!!!! DO NOT BE STUPID!!!!!

MemphisZ07

Well, arent these guys form the stealership supposed to be calling me back all day bugging me with new, lower prices?? Haven't heard a word.. kinda creepy.

zman1910

iTrader: (3)

Don't be retarded just buy the car for 5 years for under 500 a month...Your paying ~25k in your lease as it is and only to give the car back after 4 years. You should be able to buy the car for under 27k.

zman1910

iTrader: (3)

IMO a good lease for this car should be under $400 a month or somewhere around there. I am assuming you mean to say 0.0032 as the money factor.

After using the site above...I came out with 420 a month with 0 down.

I used tax rate of 7%, money factor of 0.0032, selling price of $26950, 50% residual after 4 years

MemphisZ07

There must be something in the numbers they are not telling me.. and I am just not sure what it is. the 495 was with tax included and the selling price of 27.4