What dealer did you get this qoute from if you dont mind me asking? thats a good price.

 

yup, but like i said, my credit wasn't all that great & i wanted that G

 

its cool bro, enjoy the ride

 

Last year Valentines I bought my G when I was 19 so I leased it at $480.00 a month including tax and I paid $3500.00 to drive off. for a 48 month lease. 15k a year mileage. But Now that I spen't all this money on the car I"m just gonna end up buying out in Ocotober.

 

that is a good deal. leasing is a very good option with a car with a high residual like the G. I've leased the last 4 cars i've had and I never keep them more than 3 years. And you can still sell a leased vehicle. i talked to my dealer on yesterday and they have an early lease termination program where i can turn in my G and get a new one for close to the same or less money. I'll find out monday. By the way, I can turn it in and get a nice M35 for $40 more than I'm now paying. Once i find out the coupe price i'll have some thinking to do!!

 

the thing that most people don't understand is that whether you buy or lease the car will depreciate. With a lease the amount you finance is what the car is going to depreciate in the time you have the car plus the finance charges. How is that losing money? Again the car is going to depreciate whether you buy or lease. As far as the insurance goes it does not go up all that much maybe a couple hundred a year. Another thing to take into consideration is that sometimes leases come with free scheduled maintance. If you get a deal like that it will more than zero out higher insurance premiums.

 

Nope, I paid no fees. I wrote them a check for the first months payment and they gave me the keys!

 

My car is 05 AT with Premium Package and performance package with splashgurad. I paid 0 DOF and 450 month including tax, but with 60 month lease tho. Actual selling price of the vehicle was lil below invoice or at ivoice.

 

LOL, how do you figure? With 1200 down and 5% for 60 months, which is 21 months more, he'd pay 727/mo. Not quite the same

Lease is a great deal if you can keep the mileage under control. No proof of maintainence needed, certain wear and tear is expected and this is all in the contract. They even accept a certain level of scratches and cosmetic damage at lease end. I've leased too many cars to know this, and have received all my security deposits back without question. One car was beat to snot, tranny replaced, in bad need of paint restoration and interior was dead. Dealer just laughed, said "I see why you leased it", and signed it in. They put it on a truck and sent it off to have it auctioned away to some lucky buyer. I only bought my G because it doesn't pay to lease a car for 24K miles/yr. At that point your paying too much.

 

Update: After sending out numerous lease quote requests to different dealers in my area, here's the best one I got so far

36-month / 12K per year
$743 drive offs includes 1st month payment, license and doc fees
$414 monthly plus tax

This is for 5AT with premium and sport pkg

I think this is pretty good, only downside is they don't have much choice in colors, seems like silver is all they have at this deal but that's ok with me.

I'll pay them a visit this weekend and let you guys know how it turned out, I am excited.....

 

You forgot the most important number, what is the price they are quoting for the car? If you don't know that, you need to at least post what the residual is for the deal. You can use the residual to calculate the sale price of the car by adding the $15,647 you'll pay for the lease to the residual.

Once you have this number, lookup the invoice price which is very easy to do on the interweb. This will determine if you are really getting a good deal.

Theoretically leases followed to the letter are just as good a buying a car for the same period of time. However, there are so many numbers that the dealer can juggle to work in extra margin on his side that you have to be twice as careful before signing the paperwork.

 

This is very true and everyone should read and understand this point. Buying or leasing a car costs a lot of money. G35s hold their value better than almost all other cars and it is only worth around 60% of it's msrp price after 3-4 years. Only very rare or famous cars appreciate.

Well, your leaving out several important additional factors.

1) You have to be very careful when working the deal because of the increased complexity
2) Early termination is very expensive
3) Buying the lease out at the end is also very expensive
4) Going over millage is very expensive
5) Modding is not as easy

If none of the above applies to you....well, some of the above you can't be 100% sure won't apply such as #2 or #4. You might want to do #3 when the lease ends like someone earlier in this thread, but when you find the buyout price, you'll find that your better off buying another car.

So basically, nothing wrong with a lease as long as you manage to fit into the lease mold and stick to it. To the several people who said they've owned X cars and never kept any of them more than 3 years; Is this because you always lease your car and don't have much choice without taking a large hit to the wallet or by choice?

On the othe hand, the only downside to buying is that it costs more upfront. The slight opportunity cost incurred is more than made up for by the reduced risk. As a last point, why would dealers pressure you into a lease even when you've already agreed to buy the car? Because they make much more money on a lease.

 

i think you can do better, i have the exact options as yours and mine numbers are: 2000 down, 48 months 15000miles/yr, 450(tax included) and mine was from last december. now they're unloading the remaining 05s, you should get better deal than that.