re: Questions on Leasing a Vehicle

What's it say at 9 years of ownership and 3 consecutive 3 year leases?

Here's a couple of quick clarifications....

On a lease, your 'interest rate' is referred to as a 'money factor'. Googling 'interest rate to money factor calculator' will give you an idea of what your money factor compares to in an interest rate.

'Cap cost' is the selling price of the vehicle, from which the monthly notes are derived (factoring in too the residual at the end if the lease, which is influenced by term and mileage)

quote:

---

Retailer Participation Required. For well qualified lessees. Offer ends 3/31/14. Excl. taxes, title & lic. Retailer participation req. $4400 CONSUMER DOWN PYMNT + $249 1st month payment + tax, tags, fees. . 2013 G37 Sedan AWD subj. to avail. to well-qualified customers who lease through Nissan-Infiniti LT. Subj. to credit approval. MSRP $38310 incl. dest. chrg. Net capitalized cost of $36111.11 incl. a $700 non-refundable acq. fee. Retailer contribution may affect actual price set by retailer. Monthly pymnts. total $9711.18. At lease end, purchase for $23752.20 plus $300 purchase option fee (except KS & WI) plus tax, or pay excess wear & use plus $0.25/mile for mileage over 10,000 miles/year. Lessee is responsible for maint. and repairs. Disposition fee due at term. of lease. No security deposit req.

---

This is from an advertised lease special. When a dealer runs a lease special like this, everything is bottomed out. Don't expect any movement on the 'cap cost'.

Any 'fees' identified in this ad are coming directly from the manufacturer, thus, the dealer is powerless to waive them.

So the $249 a month gets your attention... Go ahead and assume that your monthly usage tax is going to be $30-$40 a month. Putting you closer to $290.

Wait, what's that? You wanted one with floor mats? Keep in mind that an advertised lease special is on the most base model of a car possible, and once you see one with just a couple of manufacturer options and add gap coverage , you'll likely be around $350.

5k down for a $350 note on a base Infiniti G37 (awd) sounds about right. They have gotten crazy on their residuals in the last couple of years so if you are going this route, it's not that bad of a choice, relatively speaking...

Leasing a domestic pick-up truck? That's plain out retarded.

quote:

---

why not pay $10k cash for a vehicle then sell it when you save up the cash for something nicer?

---

Who wants to drive a $10K piece of shite for three years?

Do you have any idea what you can buy for $10,000?

There is rarely a good reason to lease-

IF you cannot afford to purchase Then a lease makes a no sense either

Buy a used vehicle- you sound like you are headed toward a financial nightmare

Do yourself a favor and buy yourself some time

Why are you in such of a need of a vehicle? Do you not have one or is yours dead?

quote:

---

Who wants to drive a $10K piece of shite for three years?

---

My dad but he'll drive it for 10 years and is worth more than anyone posting in this thread

Paul tell us about the tax advantages of leasing

quote:

---

What's it say at 9 years of ownership and 3 consecutive 3 year leases?

---

What do you think it says? Quit being obtuse. We're obviously not discussing someone keeping a vehicle for 9 years.

Do you nay-sayers not understand the desire of people to own a new vehicle? Any method of financing a NEW vehicle will never be financially advantageous than a used vehicle. Vehicles depreciate the most in their first few years, so not taking that hit will always work out to the advantage of the buyer.

There's multiple advantages to leasing a new vehicle, once the decision has been made to pursue a new vehicle. OP, you need to come to that decision first. Financially, it's always better to buy a used vehicle.

173 posts about leasing a vehicle...who'd of thunk it?

i'm not discussing new vs used


Most people keep vehicles longer than 3 years but that's what you used on your spreadsheet because that's the time period that gave you the desired results

I read the first page here. Not reading the rest. I am not the smartest one here but if you lease a car for personnel use and not as a business expense that is one of the dumbest moves you can make. Pen fed has 0% interest right now. Good luck.