No deal for a lease.

 

Only 56% residual after 39 months???

 

Leasing is the smartest thing to do when purchasing any given car IF the vehicle has a lease special.

Be wary that leases can be haggled and most often, the advertised lease prices being advertised are at full sticker - so you can definitely get less.

Think about it - when you lease a car you don't have to carry any negative equity with you, the only maintenance you'll ever have to do is oil changes, and at the end of 3 years you have the choice of buying out the car, or if you have any equity in it (seeing that it has good resale value) you can trade it in for something else.

IMO - keep the G wait it out on the 370z.. At least finish up the last 3 months, your almost there. I'm willing to bet that the auto industry is going to continue to decline or stay stagnant for the next 3 months meaning there will be more incentives as time goes by and dealerships will be more lenient on price. Also +1 on not shopping around for payments, even if it is a lease.

 

You would have to be crazy to buy one of those cars when the DI VQ's are coming out in like 1-2 years.

 

Yes. That is the residual. There are no lease specail on the Z currently since it is a new launch product. The money factor I listed is at NMAC's cost. No mark up there. That is bottom line the cheapest lease for the Z. You can go 10,000 miles and save maybe $10.00 a month there. If you go past 39 mons. the Residual drops more and the money factor goes up. I would advise going past 39 months on the lease. Also, I would put money down on a lease all your doing is buying down the monthly payment, unless you need to get it closer to your comfort level.

 

See if you can get one of these deals...

http://amexnetwork.zag.com/main.html

 

Sorry but I don't rent cars. Maybe for a week on vacation but not for years.

 

THE MOST INFORMATIVE POST OF THE YEAR YET.....THE LEASE MASTER JUST GOT

 

It makes sense if your cars aren't losing value. So If I told you that your dream house that you wanted to buy ,let's say a 2 million dollar home, in 2 years it would depreciate by 50% would you still buy or rent ?

 

No deal.

I'm paying $530 a month for a $36,000 (negotiated price) 06 G35 Coupe on a 36 month lease. That was with 1k down and a good credit score.

 

I would never consider a car an asset, it's more of a tool to attain more assets. You don't rent tools, you use them up until they are unusable.

If you look at some of the most successful CEO's, and I remember reading this in an article of some financial magazine like Forbes, that some of them drive cars that you would least likely think you'd see them driving. I can't remember specifically who but I remember one was driving like a 92 Ford Taurus, and this guy had a salary of 1.4 million + bonuses. The reporter asked "...why don't you purchase a porsche, or a bentley? you can afford it" They simply replied that it was all about being practical...

That article changed my perspective of purchasing automobiles.

 

imho dont bother getting a 370 unless you are getting it with a sports package...

 

Kinda like Warren Buffet's house and his reasons for keeping it instead of moving into one of the Hollywood castles...

Good luck OP.

 

I agree, but it depends on how long your going to keep your car. I don't think everybody out there keeps there cars for 6+ years, when the value of their car and their note finally breakeven. That is my whole point. It all depends on your buying cycle. Anyway, I will stop beating a deadhorse everybody is entitled to their own opinion. I was simply trying to help out with the lease figures.

 

Just think logicly and you should figure this out in a heartbeat. Look at the big picture

$513 X 39 months = $20,007

The car costs $30,000 outright, if you look hard enought maybe get invoice at $28,000

This lease agreements = da stupidst

For a few bucks more why not just make payments to own the car

I highly doubt in 3 years your car will have a resale of $10,000

 

Because he can write off the full value of a lease as a business expense.

 

"Because he can write off the full value of a lease as a business expense. "



Thank you!

I got the car. Thank you for all your inout as to how stupid I am to lease. I guess non of you actually have done it befor. You are all recalling the story your dad told you 15 years ago, how "to own your car" "Never lease its not yours"
Without even understanding how a lease works.

Thanks anyways.

 

you forgot to add the interest he would have paid had he purchased the car, but nonetheless, i still agree with you.

 

Ummm, I've leased 3 cars before, so I know what I'm talking about and still thinks it's a waste... I would also note correcting your spelling errors before you try to belittle someone. Doesn't really hold a real effect when it almost seems contradictive.

 

Thank you, fully noted!