VPP is out I think
11-02-2007, 11:54 AM
#17
Registered User
Join Date: Oct 2007
Location: Ft. Lauderdale, FL
Posts: 55
Likes: 0
Received 0 Likes
on
0 Posts
It;s definitely out. Got a nice quote the other day with the VPP.... No dealer fee, and it turned out to be like $600 over invoice, with NO extra fees...
11-02-2007, 11:57 AM
#18
Registered User
Join Date: Jul 2007
Location: Orange County
Posts: 223
Likes: 0
Received 0 Likes
on
0 Posts
I'm not surprised it took only 2 months. With the way the market is right now....it was bound to be sooner than later.
Last edited by Sweeet P; 11-02-2007 at 12:01 PM.
11-02-2007, 02:43 PM
#19
Registered User
Join Date: Jul 2007
Location: Orange County
Posts: 223
Likes: 0
Received 0 Likes
on
0 Posts
Things keep gettin better. At the same time VPP is available....this happens:
http://www.infiniti.com/current-offe...mepage.Home.P3
2.9% financing!
http://www.infiniti.com/current-offe...mepage.Home.P3
2.9% financing!
11-02-2007, 04:34 PM
#20
Registered User
Join Date: Oct 2007
Posts: 533
Likes: 0
Received 0 Likes
on
0 Posts
Things keep gettin better. At the same time VPP is available....this happens:
http://www.infiniti.com/current-offe...mepage.Home.P3
2.9% financing!
http://www.infiniti.com/current-offe...mepage.Home.P3
2.9% financing!
2 year leases are the only way to go!
11-02-2007, 05:08 PM
#21
Registered User
Join Date: Jan 2005
Posts: 1
Likes: 0
Received 0 Likes
on
0 Posts
Another noob question, but how are most of you qualifying for VPP? Are you actually "friends or extended family members" of Nissan or its affiliates' employees? Can you just walk into a random dealership and say I'm interested in VPP and actually expect the dealer to give you that price?
11-02-2007, 06:48 PM
#22
Registered Member
Join Date: Aug 2007
Location: CA
Posts: 173
Likes: 0
Received 0 Likes
on
0 Posts
Another noob question, but how are most of you qualifying for VPP? Are you actually "friends or extended family members" of Nissan or its affiliates' employees? Can you just walk into a random dealership and say I'm interested in VPP and actually expect the dealer to give you that price?
So, no you cannot just walk into a dealership and ask for VPP. You need to first qualify and then get a claim number from Nissian.
11-02-2007, 07:59 PM
#23
Registered User
Join Date: Jul 2007
Location: Orange County
Posts: 223
Likes: 0
Received 0 Likes
on
0 Posts
Sure, if you feel the need to have latest and greatest. IMO, I'd rather pay my car off in 4 years or less and keep it for 10-12 years. In the long run, it's financially better. Also, once paid off, if I were to lose my job and my house, at least I can sleep in my car. Oh yes, not to mention, Pride of Ownership =)
11-02-2007, 09:05 PM
#26
Registered User
Join Date: Oct 2007
Posts: 533
Likes: 0
Received 0 Likes
on
0 Posts
Sure, if you feel the need to have latest and greatest. IMO, I'd rather pay my car off in 4 years or less and keep it for 10-12 years. In the long run, it's financially better. Also, once paid off, if I were to lose my job and my house, at least I can sleep in my car. Oh yes, not to mention, Pride of Ownership =)
It all comes down to accepting you'll be in a car payment. If you resign to that fact then with a lease you get much more car for the money. Not to mention lower (or none) maintenance costs. My M came with free maintenance... everything is covered. The G will have the same thing.
Having purchased and leased dozens of cars I don't necessarily think purchasing is very cost effective or financially better (anecdotally). No money down, lower monthly payments, multiple security deposits with large ROI, no regular maintenance, no new tires, no new brakes, no repairs... all those savings easily earning 10-20% interest per year... hmmm.. I wish I had the time to run a spread sheet model since it would be interesting to see. I think overall the money *saved* by purchasing is negligible over the course of 10 years. At least in today's market interest rates have been traditionally low.
Yes, I like a new car every few years. Each car has been more up to date, had more features, more horsepower, more comfort or whatever is currently my whim. At this stage of my life, I have no plans to sleep in my car. That ended w/ my '73 Westfalia.
Pride of ownership for me is the 1966 convertible I keep in the garage.
Do you plan on keeping the G for 10-12 years?
11-02-2007, 09:12 PM
#27
Registered User
Join Date: Oct 2007
Posts: 533
Likes: 0
Received 0 Likes
on
0 Posts
Paying cash for a depreciating asset is better? Think of all the money you could earn with investments. 25% per year isn't that hard to achieve and 40k can turn into 98k in 4 years. Lease payment of 560 a month for 4 years is ~27k. That's net 71k in over that period.
Last edited by iko; 11-02-2007 at 09:15 PM.
11-02-2007, 11:10 PM
#28
Registered User
Join Date: Jul 2007
Location: Orange County
Posts: 223
Likes: 0
Received 0 Likes
on
0 Posts
To be honest the current finance incentive is nice. The lease incentive is rubbish. Never, EVER, put money down on a lease. Current MFs are relatively high, imo, but at least the residuals are good.
It all comes down to accepting you'll be in a car payment. If you resign to that fact then with a lease you get much more car for the money. Not to mention lower (or none) maintenance costs. My M came with free maintenance... everything is covered. The G will have the same thing.
Having purchased and leased dozens of cars I don't necessarily think purchasing is very cost effective or financially better (anecdotally). No money down, lower monthly payments, multiple security deposits with large ROI, no regular maintenance, no new tires, no new brakes, no repairs... all those savings easily earning 10-20% interest per year... hmmm.. I wish I had the time to run a spread sheet model since it would be interesting to see. I think overall the money *saved* by purchasing is negligible over the course of 10 years. At least in today's market interest rates have been traditionally low.
Yes, I like a new car every few years. Each car has been more up to date, had more features, more horsepower, more comfort or whatever is currently my whim. At this stage of my life, I have no plans to sleep in my car. That ended w/ my '73 Westfalia.
Pride of ownership for me is the 1966 convertible I keep in the garage.
Do you plan on keeping the G for 10-12 years?
It all comes down to accepting you'll be in a car payment. If you resign to that fact then with a lease you get much more car for the money. Not to mention lower (or none) maintenance costs. My M came with free maintenance... everything is covered. The G will have the same thing.
Having purchased and leased dozens of cars I don't necessarily think purchasing is very cost effective or financially better (anecdotally). No money down, lower monthly payments, multiple security deposits with large ROI, no regular maintenance, no new tires, no new brakes, no repairs... all those savings easily earning 10-20% interest per year... hmmm.. I wish I had the time to run a spread sheet model since it would be interesting to see. I think overall the money *saved* by purchasing is negligible over the course of 10 years. At least in today's market interest rates have been traditionally low.
Yes, I like a new car every few years. Each car has been more up to date, had more features, more horsepower, more comfort or whatever is currently my whim. At this stage of my life, I have no plans to sleep in my car. That ended w/ my '73 Westfalia.
Pride of ownership for me is the 1966 convertible I keep in the garage.
Do you plan on keeping the G for 10-12 years?
So, leasing is better? I'm no financial guru, but from what I understand, the cost to a continuous cycle of leasing over the years is not money smart. At least, that's seems to be the consensus among financial experts. I don't recall anyone saying "To build your savings and to be wealthy, LEASE your car, don't purchase." Yes, leasing keeps you from paying out lots of money up front, but eventually, the savings decrease. Don't get me wrong, leasing is the better way to go if you want to have the newest car with the latest technology. But unfortunately, it will cost you more to continue that trend.
Oh yes, and I agree with Chi-Town G37, cash is the way to go. That's why I paid cash for my Lexus 2 months ago.
BTW, 73' Westfalia? What is that? Sorry, I was born in 77'
Last edited by Sweeet P; 11-02-2007 at 11:19 PM.
11-02-2007, 11:15 PM
#29
Registered User
Join Date: Jul 2007
Location: Orange County
Posts: 223
Likes: 0
Received 0 Likes
on
0 Posts
If you're saying 25% ain't hard to achieve, you surely must have done it yourself. Which leads me to this question? Why bother considering a G. Shouldn't you be looking at a GTR?
Last edited by Sweeet P; 11-02-2007 at 11:18 PM.
11-03-2007, 12:52 AM
#30
Registered User
Join Date: Sep 2007
Posts: 49
Likes: 0
Received 0 Likes
on
0 Posts
For my plan, the D plan, my company has a business relationship with Nissan. I need to get a claim number from Nissan. After I get a claim number I can go down to the dealership and buy my car. I also need to bring some sort of proof of employment, like a paycheck stub or a business card.
So, no you cannot just walk into a dealership and ask for VPP. You need to first qualify and then get a claim number from Nissian.
So, no you cannot just walk into a dealership and ask for VPP. You need to first qualify and then get a claim number from Nissian.