Hey Guy's ,was just curious if all of us new car owners are getting the same deal. What is the lease price that iam getting a month, for 2k4 blue/black leather journey package. Please tell me if i am getting robbed $460/39 months.

 

This is from the special offers section of Nissan Financing: "2004 Maxima SE Auto w/Audio Pkg and Sunroof — 36 MONTHS — $412/MONTH — $1,999/INITIAL PAYMENT Excludes taxes, title, license and options. $1,999 initial payment required at consummation. (Includes $1,587 consumer down payment, $412 first month payment, $0 security deposit)." Though, I'm not sure if that helps you at all.

 

If you are leasing, you are getting robbed no matter what

Sorry, but spending $18,000 (assuming that is the cost after taxes, etc, if not then it is more) for renting a car is pretty pricey.

Grant

 

Agreed!

 

Dont lease, man that is getting screwed. Unless you cant afford the car and that is the only way to get into one.....

 

I get a real kick out of watching the "leasing is for suckers" crowd trade in their 1-2 year old Maximas to take a $10k hit.

Leasing is a good idea if 1) you take very good care of your car, 2) you do not drive a lot of miles annually, 3) you like a new car every three years or so, and 4) you don't want to mod the car.

I fit those criteria, so it works out fine for me, and I don't have to pray I can get enough $$ for my car to pay it off when I trade.

Craig
2kGLE

 

Technically, leasing is only a good idea if you have a business that you can write it off against. What you are saying is that it is better to lease then to buy and trade in every 2 to 3 years. That is absolutely true, but that is like saying it is better to cut off your finger than your entire hand.

Either way you are in bad shape, you have spent a lot of money to rent a car. The best thing you can do is buy it out right, and keep it for a while.

Grant

 

I totally agree with you, and what you say sounds great in theory. The reality is that most people finance cars for 4 to 5 years, with payments substantially higher than a monthly payment on a lease would run. Many of these same people either trade up while paying for the vehicle, or they trade in soon after paying off the vehicle. Either way, they're paying substantially more over the same time period than a person leasing the same car.

In my opinion, buying makes sense if you keep a car long enough to enjoy the benefits of it being paid off. My observation is that many people simply do not drive cars for 7+ years, myself included.

Incidentally, if you're smart enough to pay a car off and drive it until the wheels fall off, you're probably too smart to buy a car "brand new" and take the huge depreciation that occurs the minute you drive it off the lot.

It all comes down to the stigma that a lease car isn't really "yours" while you drive it, even though a financed car belongs to the bank while you're paying for it.

Your mileage may vary.

Craig
2kGLE

 

You only have to keep a vehicle the duration of your loan to realize the benefit, be it 36, 48, or 60 months. If you keep the car the entire time, you have a return on your investment. Nothing to retire on, but it is worth something. Sure, you had to pay more in the long run (than leasing) but you could also do whatever, whenever, where ever, you wanted to with the car.

If you trade it in before it is paid off, then you have made a very poor decision, in my mind, as poor as leasing. I agree that buying new is not the best idea, unless you plan on keeping it for the long haul. Who wants someone else's problems? I haven't bought new since the mid 90's, until now.

Grant