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2003-2009 Nissan 350Z

Taking over a lease...

Old Jul 6, 2003 | 11:51 AM
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Default Taking over a lease...

I found a 350z Touring silver exterior with gray interior loaded including navigation. The lease is for 24 months and there are only 15 left. The payment is $781.00. Incentive is $1000. There are 16,311 miles remaining on the vehicle. IT currently has 7,700 miles. 12,000 miles per year and an excess mileage charge of $0.12 per mile. WHat do you guys think?

Alienz
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Old Jul 6, 2003 | 12:20 PM
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after the incentive, thats about 731/mo. Kind of high, but a lot less expensive than buying one and losing a ton of money on it if you only keep a car a short time.
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Old Jul 6, 2003 | 01:18 PM
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The website calculated the payment to be $709.57 after the incentive. I really love this car but I can't afford keep it now so I thought leasing is a very good alternative. THe residual on it is $19,279.14. According to my calculations, the total cost of the vehicle at the time of signing the lease contract was $38023. That's more than the price of the track model. But he prolly got it when last yeary which explains why it was so expensive.
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Old Jul 6, 2003 | 01:27 PM
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I'm no expert, but that sounds kind of high I think. If the original purchaser paid a premium for the car it would stink that you would have to carry the cost burden for that now since they can be had for MSRP or less now. I would research how much you could lease a new one for before commiting to that.
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Old Jul 6, 2003 | 03:34 PM
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The thing is I don't want the car for more than a year but 15 months is the best I could find. I'm not sure dealers lease for 12 months (??). If I takeover now I will be paying $10000 and some change for 15 months. I never leased before so I'm not well informed nevermind taking over a lease.
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