ThreeFiftyZoom

Blue Enthusiast, aero package, aluminum kick plates, front and rear mats, splash guards.

60 month lease, 0 down and $430/month

The sticker was $31,200

2003z

iTrader: (7)

60 months is way too long to lease a car! Go 39 mos.

ThreeFiftyZoom

Im trying to keep it in the low $400s. I may try for $430 for 48 months. Plus Im sure Ill get something else before the lease is up assuming I wont be in the hole (hopefully)

failsafe

With a 5 year lease you're going to likely have serious negative equity if you try and cut your lease short (trade in to a dealer before 60 mo is up). 2003z is right- you're better off going with a 3-4 year committment if you lease.

leadfoot

Sound advice ^^^^^^^ Negotiate a better deal, pay the fees up front and stick to 36-39 otherwise buy it. Leasing for 60 months is like being in automotive jail.

del105

iTrader: (4)

your going to pay 25800 to rent a car for 5 years?

Pat1USMC

Man, I'm paying $465 for 60 months and at the end, i own it! i would rethink that lease....

FlyingToaster

You really need to be careful with leases. I have been leasing for the past 10 years (no Z yet tho, I will purchase that one). For 5 yrs, you may be locking yourself up to a contract that you may not be able to get out. I do not know Nissan's leasing options, so I am speculating. However, if you make calculations, usually the monthly payments between 3 yr vs. 5 yr leases is insignificant due to much lower residuals for 5 yrs leases; especially with Nissan, since their warranty is only 3 yrs.

I would caution you against it.

ZatoIchi

Don't do it, I just got out of a 5 year lease on a Pathfinder. Stupidest thing I ever did and I paid dearly for it and it cost me more at the end because I went over on the miles. Go with a 39 if you want to lease, I got an ENTH w/3K down for less than 400 a month.

krutoydude

Leased enthusiast for 400/month, 2K at signing for 39 month.

bigworm521

isn't that sticker price too high? and yeah 5yrs to rent a car is WAY WAY too long...if you can't afford it now - rethink the purchase, rather than make a bad one!

ThreeFiftyZoom

I was wondering if there is anything to be gained by waiting until the 04s come out and try and get a leftover 03 for a lease or purchase. What do you think?

2003z

iTrader: (7)

Why wait? People have been posting about buying a Z for invoice at sutherlin nissan hear in atlanta. Work a deal on the phone and buy a $200 r/t air ticket, just don't use the return portion. Lease it here and drive it home. If you negotiate invoice and a 39 month lease, it shouldn't be too bad. from the other posts, it wouldnt be over 400/mo., prob a lot less.

ThreeFiftyZoom

I may have to wait until I make a few more payments on my car so I wont owe more than the trade in value. So I figure by July or so I should be about even and the 2004s may start coming out soon after. The best offer I got so far was 48 months for 470 with 0 down. I would like to get a 3 year on an enthusiast with 0 down in the low 400s/month. I just dont see the point on putting money down on a "rental".

WayneTN

There's a lot of $$$ to be gained! To get the most car for the money (as if the Z isn't a great deal already) a person should buy a car that's at least 2 years old. That way the original owner would have already have absorbed all of the new-car depreciation (which is 1,000's of $$$ in this case). Then to save even more money, don't ever lease, save up and pay cash (or at least a sizeable down payment) for the car.

Did I do this? Well, no (although I'd never lease a car and I almost paid cash it). And, I did get a new car right off the truck. I could have waited and saved a lot of money, but I'm older and in a position that I don't mind the early depreciation so much. The reason that the economics works out for me now is that I managed my money during the early years, investing early, getting that interest to compound for me instead of a finance company or bank, and driving 8-10 year old cars.

I'm not saying that I have the answer, but if money is a concern, not leasing, waiting 1, 2, or even 3 years, and saving up for a down payment is very, very smart. There is a lot to be gained, especially if you are young.

WayneTN

Zmoney

If you are going to buy the car and keep it for a long time but cant afford it, a lease may be an option. You can lease long-term to get you payments down. At the end of the lease you buy the car at the risidual value and finance that for however long you are comfortable with. If you go 4 or 5 years you can hopefully assume you will acquire a better financial situation by then.

My buddy doesnt make much money and got a 60 month lease for 3k down and 360 a month. I think the risidual will be around 12gs. I am pretty sure the car will be worth more than that after 5 years if its maintained. At that point he can buy it and finance the rest, buy it and sell it (possibly getting the down payment back) or turn it in and get into something else.

ToddLuc

[sorry for this post. somehow when editing, my original text was removed]

TheLex

On a hot car like the Z, you're better off buying or leasing it brand new. That's because there won't be the usual large drop in value after a year or two. The large drop will happen later when demand is finally met and dealers are selling new ones at dealer's invoice. Right now, some dealers are still asking over MSRP. So the depreciation on the 2003 models will be very small. It is also possible that Nissan will slowly but steadily raise the price of the Z. Right now it is an incredible bargain for the price, the same as the Lexus LS400 was when it first came out. But Lexus did in fact start to raise the price significantly as the years went by. My gut feeling is that the same thing will happen with our Z.

In my case I leased my vehicle because I can write it off as a business expense. I have a 60 mo lease with only a $250 fee to terminate the lease at any time. I figure I'll keep it for 3 years and then move into a turbo Z or some other car. If I decide to keep it, I will have brought down the residual value with Pre-Tax dollars.

Bottom line is, you need to analyze your own situation to see if leasing makes sense.

z-extreme

Does this include Taxes???? I hope so.

I only paid $28288 for my Enthusiast. (Only Aero). That's with 1000 off.

In the end I will be paying near that.

Buy the car if your going to lease it for 5 years.

Lil Popa Pump

One thing to consider is that it may be easier to get out of the Z lease early because it is a Z. IOW, they will be more willing to cut you some slack because the next owner will not be hard to find.

Oh and it is hard to tell someone else what they should be paying without knowing their credit history, their history on car payments, etc. Those are the biggest factors.