Hey all. I cant see another one of these gorgeous cars on the street without losing my mind. I have to have one. I just bought a house and I am really not interested in outright buying a g35. However...a lease is very very intriguing to me. Do any of you lease your cars? Any pros & cons other than the much nice monthly payment? Help me out here.

Thanks!

Thank you,
Discount Tire Direct
(888)459-4080 mention G35driver

 

Some Pros and Cons.

Pros:
Lower Payment
More car than you can usually afford
Different "New" car every few years

Cons:
You always will have a payment
Mileage Limitation, especially if you drive a lot

 

Also something to add to the cons is that you can't do any major modifications to the car unless you plan on buying it at the end of the lease.

 

if you leased the same type car, same approx price twice (2 three year leases), you would have paid off one car in full and owned it, where as with lease, you own nothing.

but with leases, your only real maintenance is changing the oil. and if you turn it in while still under warranty, they have hard time hitting you up with fees.

 

I leased my G35 Sedan 5AT. As long as you don't drive a whole bunch of miles and you don't plan on keeping the vehicle long-term, leasing is the way to go IMHO. Don't put any money down, doesn't make sense to on a lease.

You should be able to get a money rate of .0025 with decent credit, although they'll initially quote you .0031. My residual was 53.6% on a 3-1/2 year lease with 15K miles/year. With no money down and a "purchase price" of 34K and change, I'm paying $660/month.

Jeff Kohn
H-Town, TX
2003.5 Automatic Sedan, Desert Platinum/Willow, Premium, Nav, Tint

 

Just pay cash for the purchase price and you don't have to worry about whether a lease or a loan is a better deal.

Dr. Jim
2003 Desert Platinum G35C 6MT/Aero/Prem/Nav/HyperGround/XMSat/BSM/Tint/ClearBra/CG
2001 Acura MDX/Touring/Nav
1997 Mercedes Benx E320/Eibach Springs+Dampers/OZ Racing Superleggera Wheels

 

Easy for you to say Doctor :-)

 

A serious con to leasing is that people are getting reamed on lease rates because of the very low estimated residual value of the vehicle, so keep that in mind going into it. With interest rates being as low as they are, financing would probably be a better option, even if you did it over a long period.

 

I leased mine for only 2 years. Wanted to 'try before I buy', and I wanted to keep my payments as low as possible as I was considering buying a house soon (since changed my mind as I want to wait for the housing market to cool off some). As Mani mentioned, the residual value is the kicker with this car. I've got a 61% residual on mine over 2 years and 24,000 miles. The residual value is a gamble as this is a new model with unknown depreciation rates. But I'd be shocked if this car depreciates that much in that time frame. So I'm planning on buying it at the end of the lease, and if I don't keep it, I'll sell it for the then book value and pocket the difference, which then lowers my effective lease rate. All signs are pointing to this car holding its value much better than Infinitis of the past.

2003 G35C, 6MT, DG/G, Aero/Nav/Premium
2002 Corvette Z06, Electron Blue/Black

 

leasing tip (i learned on this site).

try to pay no cap cost reduction. the net difference is you'll pay interest on the extra amt you finance. ie.. put 2000 down and have pmt of ie..450 or put 0 down and have pmt of 550 (made up numbers).

take scenario two, the diff is you'll pay interest on the 2000. this helps in that if car is stolen or totaled, insurance pays off car but you lose your cap cost payment.