So i went in and they offered me $499 + $3250 down, and i nearly walked out. I got it down to $400 a month with $0 down without barely trying, wich i think is good. Is there any way that i can bring this base model a little more down, my insurance is charging me $255 a month to have this car and its making it hard for me to own a 350z. Is there a possible way that i can get this base leased for around $375 a month + tax ?

 

$499 is kinda high for a lease especially with 3250 down. You might as well finance it with those numbers. you can prolly get them down to around 300-350.. good luck!

 

how long is the lease?

I am not sure I would buy a car that was going to cost me 255 bucks a month for insurance

 

The problem with the insurance is that iam 18 and i have some history in my drivers record, not bad, but the usual one. I also live in miami so, everything is a ripoff down here. So you guys are saying i can lease the base model 350z for around $350 a month with no down ? Thats what i was thinking before i even went to the dealer. Their first offer was actually more than what i use to pay for my 07 lexus is250 last year. Once i said that they lowered it to $400 with no down. The lease is going to be for 48 months.

 

IMHO, it's never a good idea to lease a car unless you can 1.) afford the lease and 2.) image is extremely important to you. Also, there are a lot more variables to consider between leasing vs. buying a car, which you should research before you even consider leasing.

Assuming you qualify for a lease, you should be able to qualify for a bank loan and just use your monthly payment to BUY an older Z and own it outright after you finish making payments on it. On a lease, you don't build any equity, and you're paying for the convenience, depreciation, wear and tear, and mileage used to drive a car before giving the car back after the lease term (ie. you build no equity renting or leasing a car).

Since you mentioned $400/month and $255/month insurance, that comes out to $655/month, or about $21.54/day for the Z. If you're dead set on getting a Z, you could look for an older model with 6 airbags, and if possible, have your parents put your car on their insurance along with you as a driver to substantially lower your rate because you're considered high risk (age, gender, etc). If that doesn't seem feasible, then I would strongly urge you to consider a vehicle with a lower insurance premium.

 

If you can barely afford it, just getting financing on a used non-base Z would make a whole lot more sense. I'm surprised you can even get insurance.. an 18yo driving a brand new Z with no TCS or LSD = extremely high risk.

 

Cant help. I never rented a new car.

 

I just rented a brand new Eclipse Spyder with 2 miles on the odometer when I went on vacation!

Either way, you don't build equity renting or leasing, in general.

 

LOL. Last time I visited Tucson I rented a car. But not for 4 years!

 

Heehe, I rented it for 4 days, but it sure was a blast driving with the top down.

 

Actually, the last Lexus i had i had it leased. I never keep a car for more than a year. And well i wont settle for a used 350z since i know they will be beat on the pedal. I rather just lease. Its more confortable every month.

 

That's not entirely true. I see more 350z's in my area driven by grandparents than true enthusiasts. The only real way to tell how much abuse has been put on a car is to put it on a jack and have a certified mechanic check the engine bay, chassis, tires, oil analysis, etc.

 

If you are only going to keep it for a year anyway getting a two year old one will still have it under warranty until you get tired of it and want to sell it.

You are young so save a little cash on your car and enjoy life or save it to enjoy life a lot more later on.

 

I think you are pretty smart considering additional costs such as insurance. Maybe this is not the right time for a 350Z.

 

I don't think money is an issue here with you....I think it sounds like you make pretty decent money at such a young age. At 18, there's really not much saving you can do....you won't use the saving till much later anyway.

I say go for it, eat your heart out, lease that sucka, and enjoy it!

Although I'll be real with you. The Z is a pretty cheap car. To lease a Z is basically saying you ain't got no money but still want to front

 

I would NEVER lease a vehicle or buy a vehicle that isn't at least 3-4 years old. Its not a money issue, its more of a common sense issue. The economy sucks right now and I'd rather buy someones 3 year old Z that has already lost 15k in it.

 

I agree that this is too much cash for a base 350Z.

To answer your question, I don't think your lease deal will get any better. Actually, that's actually in the too good to be true range...how are you qualifying for a lease at all at age 18 with the new FICO?

You should carefully read the fine print on this one. Figure out if it is a close ended lease, which bank you are going through, where and how you can turn it in and lease end fees, and miles per year. Post back if you have questions...

 

Don't forget your lease payment will be taxed, plus there will be the cost of premium gas, and other upkeep. I think we are now up around $1000+/month -- depending on how much you drive, of course.

 

Look at it this way chief, my payments for my enth are $500 a month and thats with 0 down and i bought the car so you can def get it under that for a lease. Thing with Zs is that you shouldn't lease them. Payments are too close to actually buying the car outright. If there was a lease special like $399 a month or something then go for it but there wont ever be a lease special on a Z.

 

I love it! I just wait for this in every "lease" thread.