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I don't understand this....

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Old Jan 17, 2008 | 02:23 PM
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nwryuber
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I don't understand this....

Ok... I'm totally confused and need someones help.


Ok, this is for a journey without sport, but with premium and navi.

Here are some lease scenarios:

$631.20 x 24 months 15,000 miles per year and you get a check back for $16,868.80
$568 x 24 months 15,000 miles per year and you get a check back for $15,500
$453 x 24 months 15,000 miles per year and you get a check back for $13,000

$590.60 x 36 months 15,000 miles per year and you get a check back for $16,909.40
$546 x 36 months 15,000 miles per year and you get a check back for $15,500
$469x 36 months 15,000 miles per year and you get a check back for $13,000
$64.62 x 36 months 15,000 miles per year this using the whole trade of $17,500 + the $500 bonus money

Let me know if you want me to run other scenarios.


Told him the Altima was paid for, and i think he said he'd give me 17500 for it.
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Old Jan 17, 2008 | 02:26 PM
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I had mentioned to him about buying the car at the end of the lease also... is that maybe what the "check back" is?
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Old Jan 17, 2008 | 02:33 PM
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ok, i figured out waht the check back stuff is now .... anyone know if its a very good deal?
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Old Jan 17, 2008 | 03:37 PM
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No way to really tell without knowing the negotiated price of the car, money factor, residual, etc. But just looking at the monthly payment it certainly seems high.
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Old Jan 17, 2008 | 03:38 PM
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From: FL CA TX
Originally Posted by nwryuber
ok, i figured out waht the check back stuff is now .... anyone know if its a very good deal?
So what is it? Are you paying for the whole car up front and getting that amount back? I dont understand that either..

Its deffinately not the value of the car after the lease.. It would be between $26-34k depending upon miles/term.

Or that could be the total price of the lease, mine was around $15 for 2years 18kmiles/year..
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Old Jan 17, 2008 | 03:41 PM
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It looks like he's trading in his Altima and using a portion of the sale of that car for the upfront fees/capital cost reduction for each lease scenario. The amount back is what's left over for what the dealer is giving him for the Altima.
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Old Jan 17, 2008 | 03:46 PM
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Yeah. Never combine the trade-in with the lease. Deal with the lease first, then the trade-in value. The trade-in is offsetting your lease cost. Do both separately.
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Old Jan 17, 2008 | 04:51 PM
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heres the buy out!

The buyout for 24 months is $28,822.50 & for 36 months is $24,705. Which scenario do you prefer?

i would definately be getting ripped either way, and getting ripped on the trade too. they'd be makeing like 15k off of me.
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Old Jan 17, 2008 | 05:07 PM
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From: al, eguor notab
Originally Posted by go4gr8
Yeah. Never combine the trade-in with the lease. Deal with the lease first, then the trade-in value. The trade-in is offsetting your lease cost. Do both separately.
yes, work with the deal with the g37 first then worry about the altima later. the payments looks too high.
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Old Jan 17, 2008 | 05:13 PM
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Assuming MSRP of $41,315 (G37 w/ prem, nav, splash guard) he seems to be using about 70% and 60% for the residual. I thought residuals posted for January lease rates were higher than that, but I could be wrong.

Tell the dealer you want to know the following to better evaluate the deal:

sales price
money factor
residual %

Then you can compare that to what others are getting to see if you're getting a good deal.
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