My Take: Today, I’m going to be posting all of the cars that I don’t recommend as a lease, therefore, I wouldn’t be posting any payment estimates for them. Instead I will focus on discussing their potential as “purchases”, assuming there are some good incentives going on. To start things off, we have the Nissan 370Z, which is a big DO NOT LEASE this month. As a matter of fact, it is also a bit DO NOT BUY candidate. There are no incentives of any kind on this car, plus TMV is suggesting maybe about $1000 off MSRP. Yes, I know TMV is crap, but it does give us a high-level overview as to how this car is selling. Of course, depending on your market, you may have some luck, so I wouldn’t hesitate trying. The car is gorgeous and the interior is refined. I would even say it’s Infiniti-esque. Nissan posted their first loss since their CEO Carlos Ghosn took over Nissan, so if you are not in a hurry, I would just sit tight and see what they do to sweeten the deals in the coming months.
2009 Nissan 370Z
2009 Nissan 370Z Coupe
24-month | 15k miles | residual 64% | .00325 base money factor
36-month | 15k miles | residual 57% | .00325 base money factor
48-month | 15k miles | residual 47% | .00325 base money factor
60-month | 15k miles | residual 40% | .00325 base money factor
2009 Nissan 370Z Coupe Touring
24-month | 15k miles | residual 62% | .00325 base money factor
36-month | 15k miles | residual 56% | .00325 base money factor
48-month | 15k miles | residual 46% | .00325 base money factor
60-month | 15k miles | residual 39% | .00325 base money factor
MY TAKE: As much as I love this car, I can’t find myself recommending it as a lease. Just look at the money factor! Insane! I consider money factors above .00250 to be really high as is, but 0.00335??? No Way, Jose! Leasecompare’s lowest money factor this month is .00301, which is slight lower than Nissan’s. I’m not too sure what their residual value is since they don’t post them anymore. I took the liberty to take out lease rates that go beyond 36 months on this post. Nissan’s warranty only covers you for up to 36-months, so I don’t recommend leasing a car past it’s warranty period. I did it once, never again. One of the scariest leasing experiences ever!!!
2009 Nissan 370Z Febraury 2009 Lease Rates
2009 Nissan 370Z
24-month | 15k miles | residual 66% | .00335 base money factor
36-month | 15k miles | residual 57% | .00335 base money factor
2009 Nissan 370Z Touring
24-month | 15k miles | residual 63% | .00335 base money factor
36-month | 15k miles | residual 55% | .00335 base money factor
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Sure, the 2010 Nissan 370z is still at least 1 year away from reaching out shores. However, if you love cars, like me, you probably already know what this means for those who can’t afford a GT-R. For those who don’t know (or care), there are two things to note regarding the new Z.
First, it is pretty much official that the new Z will carry my G37’s 3.7-liter V6 (hence the name change from 350Z to 370Z). This matters because the engine is already pretty quick for the G37 which is a HEAVY car for a coupe. Imagine losing 2 rear seats, going shorter and wider and losing hundreds of pounds in the process? Yes! The Z will be leaner, lighter and more muscular than the current model. Nissan might effectively steal away Mazda’s “Zoom Zoom” slogan if they keep producing cars like this.
Second, the rumor is that the GT-R’s yummy dual-clutch transmission will trickle down to the Z. 7-speed folks! SEVEN! The G37 can go 0-60 is about 5.5 sec (i think). Imagine what a lighter 7-speed dual-clutch transmission will do for the 370Z!!! Sure this is probably the most impractical vehicle around, but you wouldn’t get this as your daily driver anyway.
Styling-wise, I think it needs a little work…I don’t like the headlights…reminds me of the ugly Maxima. I am willing to overlook that if they deliver on the dual-clutch transmission though.
Click here for the Car & Driver Article.