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Leasing A 2k2 Any Advice

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Old Feb 4, 2002 | 06:00 PM
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Rott42's Avatar
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Leasing A 2k2 Any Advice

I'm looking at leasing a 2k2 SE. Anyone have any tips or what kind of deals they got. Any input would be appreciated.
Old Feb 4, 2002 | 06:36 PM
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I'm paying $365 on my 99 lease (3/36K)which stickered for just over $30k. I put down $2K.
When it's up in three months, I expect the same payments and money down since the stickers are nearly identical. That's what I'm expecting. Sorry I don't know the money factor etc.
Old Feb 4, 2002 | 06:43 PM
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Re: Leasing A 2k2 Any Advice

Originally posted by Rott42
I'm looking at leasing a 2k2 SE. Anyone have any tips or what kind of deals they got. Any input would be appreciated.
Just sit down and ask your dealer to give you a list of the current NMAC leasing deals. Best plan is to find a deal which you can live with (car model, options, etc.) and apply. If you can qualify as an NMAC Tier-1, you won't need to worry about it...NMAC treats its Tier-1's pretty well overall...good capitalized cost and pretty good pre-negotiated price...you can always try to bring the price down. The best national deal right now is:

2002 Maxima SE Auto — 36 MONTHS — $329/MONTH — $1,999/INITIAL PAYMENT
Excludes taxes, title, license and options. $1,999 initial payment required at consummation. (Includes $1,670 consumer down payment, $329 first month payment, $0 security deposit).

2002 Maxima SE Auto (model #08212) subject to availability to qualified lessees through Infiniti-Nissan LT. MSRP $25,989 incl. destination charge. Actual capitalized cost $22,466 includes a $450 non-refundable acquisition fee. $2,303 dealer discount required, which may affect actual price set by dealer. Monthly payments total $11,835.36. At lease end, purchase for $14,034.06, plus $150 purchase option fee (except KS & WI), plus tax, or pay excess wear and tear plus $0.15 per mile for mileage over 12,000 miles per year. Lessee is responsible for maintenance and repairs. See participating Dealer for details. Offer ends 03/04/2002.


You should check with your dealer for better regional deals.
Old Feb 4, 2002 | 06:51 PM
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Re: Leasing A 2k2 Any Advice

Originally posted by Rott42
I'm looking at leasing a 2k2 SE. Anyone have any tips or what kind of deals they got. Any input would be appreciated.
good advice BUY IT!!! y pay for somehting that u rnt gonna have when the time is up? its like renting! just pay a few K more and BUY IT dont worry about mileage and **** either!!

will
Old Feb 5, 2002 | 12:03 PM
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Re: Re: Leasing A 2k2 Any Advice

Originally posted by WILLSE


good advice BUY IT!!! y pay for somehting that u rnt gonna have when the time is up? its like renting! just pay a few K more and BUY IT dont worry about mileage and **** either!!
On the other hand, why pay for something you're not going to use all of? In my case, I never keep cars more than 3 years anyway, so buying doesn't make sense for me. I'd rather pay less money, for more car, for only the 3 years I plan to keep it.
Old Feb 5, 2002 | 12:35 PM
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Two Words:
GAP INSURANCE

Gap Insurance is the difference between what the insurance company believes your car is worth and what the dealer wants for the car. For a lease what you're doing is kind of renting the car it's not really yours. If the car gets stolen and the insurance company gives you the value of the car at the time it was stolen which is $20,000 and the price of the car was $30,000 you need to come up with $10,000 to give the dealer. Gap Insurance covers the difference.


If I am wrong about any of this please correct me.

This Link Explains

http://www.newyork.bbb.org/library/p.../subrep32.html
Old Feb 6, 2002 | 07:45 AM
  #7  
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I guess I did not do too well. I leased a 2k2 SE, leather, six-speed without nav system. I made absolutely no initial payment, and my 48 month lease payments are $499. The sticker on the car was just under $31,000. I think Infiniti has better purchase/lease programs, but the I35 cannot be had with a manual tranny. Now, I'm wishing I would have waited for the new G35, which eliminates all the negatives of the Maxima--it has IRS, rear wheel drive, AND you can get it with a manual. I gotta figure out if I can get out of my lease and still afford a G35.
Originally posted by nice95GLE
Two Words:
GAP INSURANCE

Gap Insurance is the difference between what the insurance company believes your car is worth and what the dealer wants for the car. For a lease what you're doing is kind of renting the car it's not really yours. If the car gets stolen and the insurance company gives you the value of the car at the time it was stolen which is $20,000 and the price of the car was $30,000 you need to come up with $10,000 to give the dealer. Gap Insurance covers the difference.


If I am wrong about any of this please correct me.

This Link Explains

http://www.newyork.bbb.org/library/p.../subrep32.html
Old Feb 6, 2002 | 07:57 AM
  #8  
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Originally posted by tbirdrob
I guess I did not do too well. I leased a 2k2 SE, leather, six-speed without nav system. I made absolutely no initial payment, and my 48 month lease payments are $499. The sticker on the car was just under $31,000. I think Infiniti has better purchase/lease programs, but the I35 cannot be had with a manual tranny. Now, I'm wishing I would have waited for the new G35, which eliminates all the negatives of the Maxima--it has IRS, rear wheel drive, AND you can get it with a manual. I gotta figure out if I can get out of my lease and still afford a G35.
You got screwed... If you dont know how to figure leases yourself, they will stick you every time. I got my 2K SE loaded with every option for $375/mo, for 3 years, no money down.
Old Feb 6, 2002 | 08:34 AM
  #9  
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It's a personal choice.

I decided to lease after buying cars all my life for two reasons: First, I was having out-of warranty problems including two trannys replaced at my expense on my old ‘91SE. With a three year lease my tranny and most everything else is covered under warranty. Second, it's just great to get a new car every three years. It may be more expensive to lease in the long run, but the pleasure of always driving the latest generation Maxima is worth it to me.
Old Feb 6, 2002 | 09:06 AM
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Originally posted by tbirdrob
Now, I'm wishing I would have waited for the new G35, which eliminates all the negatives of the Maxima--it has IRS, rear wheel drive, AND you can get it with a manual. I gotta figure out if I can get out of my lease and still afford a G35.
Loaded G35 prices out at just over $35K on the Infiniti web site today, but no manual tranny is available. All talk about the 6-speed offering in the G35 is unconfirmed.
Old Feb 6, 2002 | 10:21 AM
  #11  
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Originally posted by nice95GLE
Two Words:
GAP INSURANCE

Gap Insurance is the difference between what the insurance company believes your car is worth and what the dealer wants for the car. For a lease what you're doing is kind of renting the car it's not really yours. If the car gets stolen and the insurance company gives you the value of the car at the time it was stolen which is $20,000 and the price of the car was $30,000 you need to come up with $10,000 to give the dealer. Gap Insurance covers the difference.


If I am wrong about any of this please correct me.

This Link Explains

http://www.newyork.bbb.org/library/p.../subrep32.html
All the NMAC leases include gap insurance as far as I know. I know mine has it.
Old Feb 6, 2002 | 03:34 PM
  #12  
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Originally posted by JMax2K


You got screwed... If you dont know how to figure leases yourself, they will stick you every time. I got my 2K SE loaded with every option for $375/mo, for 3 years, no money down.
Thats about what I paid for my 2k. Im at $351 a month with inceptions (first payment, taxes, tag, etc) only down. Rule number one in a lease is to give them as little as possible up front.
Old Feb 6, 2002 | 03:54 PM
  #13  
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Leasing.

I am in the tail end of my first lease. I would not do it again. I highly recommend the website www.carbuyingtips.com They have lots of info about leases and why not to get them. Also ways to get the best deals on them.

I think the bottom line is that if you want low down, a new car every three years then leasing may be ok. Just dont bounce back and forth between leasing and buying. Pick one and stick with it. For me, buying is better. I definitely know people who lease and are happy with it.
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