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Modifying A Leased Vehicle?

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Old Aug 21, 2007 | 10:05 AM
  #21  
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Originally Posted by CaliTouring
ill tell you this much, if u have the patiance to put it back to stock then i say go for it. one thing that i wouldnt do at all is go FI. when i had my car i had intake/exhaust, tints and rims. the rims were the easies because the theives did the job for me. the exhaust i did the intallation myself and removed it myself. the intake was a pain in the butt. i installed it but i paid to have it removed cuz didnt feel like doin it. the worst are the tints. i got a ticket so i had to remove the 2 side ones and i tell you... it was the worst mod to remove lol. i had the rest taken off at the tint shop for 35 bux cuz there was no way in hell i was going to even attempt to try the hatch or the 2 small windows. would i mod a lease? Yes. but only simple bolt-ons that i can do myself or that wont cost alot to be done.

This is why I chose "Legal" tint for my state. I can leave it on for the 'turn-in'.
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Old Aug 21, 2007 | 10:13 AM
  #22  
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modding a lease car is smart.....drive it nice and hard and return it jsut make sure to take all the stuff off
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Old Aug 21, 2007 | 10:34 AM
  #23  
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best advise i can give to modding a leased car is that its a good idea to mod with used parts cuz that way you dont loose too much money.
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Old Aug 21, 2007 | 10:40 AM
  #24  
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Default 01 Maxima

Originally Posted by StillenGle
what kind of car did you have before the Z.
I had a 2001 Maxima SE. i also had an 06 Z before I bought the 07.
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Old Aug 21, 2007 | 12:11 PM
  #25  
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Originally Posted by fairlady350z33
I had a 2001 Maxima SE. i also had an 06 Z before I bought the 07.
oh cool and that was a lease i currently drive a 03 maxima gle i wish it was a 6 speed.
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Old Aug 21, 2007 | 01:58 PM
  #26  
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maybe just some simple bolt ons then.

i just wanna make my z my kinda fast.
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Old Aug 21, 2007 | 02:06 PM
  #27  
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Mine's a lease.

I figure if it's profitable, I'll buy it out at the end of the lease. If not, I'll turn it back to stock in a weekend and sell the parts.

IMO, better to lease a car if you don't plan on driving it for 5+ years. First of all, lease payments are cheaper than buying. Second, your residual price is agreed upon when you sign the paperwork, so you can't get screwed on a trade-in.
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Old Aug 22, 2007 | 01:04 AM
  #28  
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Got charged $25 for each tailight when I turned my lease in - the reason: "sticker - damaged"

This was due to Headlight Armor smoked tails

Nismo sticker cost me another $50 and I am not kidding you.

I hate to think what it would have cost me to leave on the Nismo Titanium shift ****.

Lease turn in charges are BS - will never lease again
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Old Aug 22, 2007 | 01:12 AM
  #29  
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Originally Posted by h8bumps
Mine's a lease.

I figure if it's profitable, I'll buy it out at the end of the lease. If not, I'll turn it back to stock in a weekend and sell the parts.

IMO, better to lease a car if you don't plan on driving it for 5+ years. First of all, lease payments are cheaper than buying. Second, your residual price is agreed upon when you sign the paperwork, so you can't get screwed on a trade-in.
Be careful.. lease payments are cheaper per month because you are financing a smaller portion of the car but at a higher rate. The money factor rate is almost always higher on a lease than your APR if you purchase. That is why dealerships push lease because they are making more fee money off of you.

The residual price only holds its value if you keep the car at the agreed mileage signed during the lease term. If you go over then your car will be evaluated at market value and because of the lower payments you'll almost alway come out with neg. equity.

If you decided to keep the car after the lease term and finance the remander the residual can be negociated down. Leases generally works out to equal a 72 month finance which IMO is really not very good. Unless you can write the car off on your taxes leasing is not the best way to go.

Last edited by JDMFairladyZ33; Aug 22, 2007 at 05:27 AM.
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Old Aug 22, 2007 | 01:22 AM
  #30  
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Originally Posted by JDMFairladyZ33
Be careful.. lease payments are cheaper per month because you are financing a smaller portion of the car but at a higher rate. The money market rate is almost always higher on a lease than your APR if you purchase. That is why dealerships push lease because they are making more fee money off of you.

The residual price only holds its value if you keep the car at the agreed mileage signed during the lease term. If you go over then your car will be evaluated at market value and because of the lower payments you'll almost alway come out with neg. equity.

If you decided to keep the car after the lease term and finance the remander the residual can be negociated down. Leases generally works out to equal a 72 month finance which IMO is really not very good. Unless you can write the car off on your taxes leasing is not the best way to go.
how is the apr higher. i got my z for 2.0 interest



sorry if that didnt make sense cuz i dont know much about this stuff.
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Old Aug 22, 2007 | 01:22 AM
  #31  
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Originally Posted by SargentZ
This is why I chose "Legal" tint for my state. I can leave it on for the 'turn-in'.
might as well leave it stock then
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Old Aug 22, 2007 | 01:24 AM
  #32  
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Originally Posted by CaliTouring
how is the apr higher. i got my z for 2.0 interest



sorry if that didnt make sense cuz i dont know much about this stuff.
Originally Posted by JDMFairladyZ33
The money market rate is almost always higher on a lease than your APR if you purchase.

You got it backwards.
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Old Aug 22, 2007 | 05:17 AM
  #33  
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good info for all lease owners. I was gonna start a thread like this but got too lazy
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Old Aug 22, 2007 | 05:29 AM
  #34  
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more info

http://www.leaseguide.com/lease07.htm

http://www.leaseguide.com/lease08.htm
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Old Aug 22, 2007 | 05:47 AM
  #35  
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Originally Posted by JDMFairladyZ33
Be careful.. lease payments are cheaper per month because you are financing a smaller portion of the car but at a higher rate. The money market rate is almost always higher on a lease than your APR if you purchase. That is why dealerships push lease because they are making more fee money off of you.

The residual price only holds its value if you keep the car at the agreed mileage signed during the lease term. If you go over then your car will be evaluated at market value and because of the lower payments you'll almost alway come out with neg. equity.

If you decided to keep the car after the lease term and finance the remander the residual can be negociated down. Leases generally works out to equal a 72 month finance which IMO is really not very good. Unless you can write the car off on your taxes leasing is not the best way to go.
Regardless of purchase or lease, the financed portion should be at the same rate. Negotiation and a good credit score will get you there if the dealer is offering something different.

Leasing is simply a factor of purchase price minus residual price, plus financing cost. The bonus for leasing is that your residual is agreed upon upfront; if you BUY your vehicle and decide to trade it in after 3 years, the dealer will try to screw you with your trade-in value.

For numbers, here was my situation: Lease for 580/mo, 39 months. Buy was $760/mo (5 years, 4.9%, $40k including taxes).

After 39 months, a lease costs $22,600. To purchase it costs $29,500.
Leasing, residual value is $22k -- I can buy it out or walk away.
Purchasing, I would have paid $25k in principal, so I'd owe $15k. My total payments so far would be $7k more than leasing, so $15k + $7k = $22k. Same as buying.

FWIW, this was my personal experience. YMMV. Do the math before buying/leasing.
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Old Aug 22, 2007 | 08:55 AM
  #36  
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I say go mod it and have fun, then when it comes time to turn in, just put the stock parts back on and sell us your aftermarket parts for 1/4 the price
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Old Aug 22, 2007 | 09:02 AM
  #37  
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Buy used parts. This way, when you turn in your leased you can always sell them and not take a huge lost.
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Old Aug 22, 2007 | 09:36 AM
  #38  
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yup just buy some used intake and exhaust off the forum, use it for 3 years, and unbolt your mods before you return it.

you can still sell the used parts here later on and not take such a big hit compared to buying new parts.
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