Can't afford a GTR? Lease it!

[AZhitman]

From AutoBlog -

Nissan's upcoming supercar, the 2009 GT-R, has a base price of $69,850. It's a relative bargain when you consider the 911 Turbo, offering the same level of all-wheel-drive performance, will cost you at least $126,200. However, it's still far bit steeper than the average sales price of a new car in the United States (hovering just under $30,000 this year), not to mention the insane dealer markups that will likely put the sale price into the stratosphere. To help ease the financial burden, and put one of these turbocharged 473-hp monsters in your garage, Nissan North America has indicated that they will be offering a lease option on the all-new GT-R.

Don't print out your credit score and jog down to your local Nissan dealer just yet. There are about 1,400 Nissan dealerships in the States, and only 691 of them have begun to take pre-orders. Total sales volume allocated to the United States the first year will be just 1,500 units (to put that into perspective, consider that Nissan sold 284,762 Altimas last year).

While a lease program will be in place, Nissan expects most consumers to buy the vehicles. Purchase or lease, with high demand and low sales volumes you can be sure that each and every one of the GT-Rs will be fought over.

[Unstroked]

What would the lease payment be on that thing... $1,100...

[MaximA32]

Ok, so the MSRP of a base model being 69,850. We'll just assume that the base cap cost is the same. Figure that you're state requires all sales tax up front so we build it into the loan as is the destination fee and bank fees and what not. Assume you'll put about $2,000 down with a trade-in credit of$1000(dealers don't give 2 ish's about your beat arse s13). So that gives us an adjusted cap cost of $73,550. Ok, now comes the part where we tell you how much your car is worth at the end of the lease. So the residual value of the car after 6 years worth of beating on it is estimated at about $23,050.50. With a term of 72 months with all previous factors your lease payment would end around $1,200/month for 72 months with a total lease cost of $88,741.

So as not to get peoples hopes up, I assumed all of these numbers. I don't sell cars for a living so I can't factor in everything. This should give you the general idea though.

[nchopp]

I came up with about $1,050 off a lease calculator...

[Repo Man]

Guys, there are several unknown factors here that are absolutely necessary in calculating a lease and it will vary from state to state and sometimes from county to county inside of that state. Other questions that need to be answered to figure an accurate lease are:

1. Will Nissan establish a supported lease for the GTR? Probably not. They will likely be subject to standard rates and residuals, the rates being dependent upon the individual's personal credit rating.

2. How does tax figure in? In Indiana, the sales tax is based upon the base payment on the lease at 6%. Other states have complicated tax formulas that often incorporate personal property tax that can get pretty outrageous.

3. What can you actually buy the car for? This will highly affect the lease because a dealer markup cannot be residualized, meaning that you will pay the entire cost during the lease term. The more that is capitalized, and NOT residualized, will affect the payment exponentially.

4. What are the acquisition fees to the lessor and what are the dealer fees involved that are added on top of the price of the car?

Assume a 50% residual value on a 48 month lease (no one in their right mind leases for six years) with a 7% rate (.00292 money factor) and $69,850 MSRP/capitalized cost. This translates to $1053.61 base payment with a $595 acquisition and $75 dealer doc fee figured in. Add any applicable taxes on top of that payment and you get your monthly bottom line.

Now, let's say the dealer marks the GTR up ten grand OVER sticker. With the same scenario in place, your payment now becomes $1291.69 before taxes. For comparison purposes, if you could residualize the dealer markup (which you can't) the payment would be $1202.17.

To recap, the lease payment is going to entirely depend upon the program Nissan would come with for the GTR. If the rates and residuals are better, obviously the payment will be lower. If not, expect the payments to be in the ballpark of what I've already posted, which again are before taxes as that amount will vary from location to location.

The comparable payments on a purchase using a 6% rate for 60 months with 6% state sales tax work out to $1438 per month. For 72 at a 7% rate the payment is $1269 with 45 days to the first payment and $120 bank fee. Rates could be better or far worse dependent upon individual credit ratings.

[Unstroked]

Wow... I guess $1,100 with my brain... I am not clowning, just shocked I was in the ball park.

[Hostetler]

wtf you cant lease one!

[97katurbosilvia]

wtf you cant lease one!

very true not one of the 1000+ cars will be leased in my opinion they will all be sold. oh well

[KeiSkyline]

best option wait out for a use one..LOL

[zdonner]

5 years from now you'll find one with 25-30K on it in Autotrader for like $45,000.

That's a steal too.

[Asmar]

I can't eve afford to lease it...

[zdonner]

That's an entire paycheck for me....

Off Topic - Asmar where did you get that sig?

[koroshiya]

not worth the lease price, wait for a used one

[damonspeeds]

just thinking about hiow they would proabable lease it make that amount on it then re sell it for more than you just paid to lease it

[thehacker3]

5 years from now you'll find one with 25-30K on it in Autotrader for like $45,000.

That's a steal too.

Glad you're wrong buddy, glad you're wrong

[tyndago]

5 years from now you'll find one with 25-30K on it in Autotrader for like $45,000.

That's a steal too.

Glad you're wrong buddy, glad you're wrong

For $45k its got 100k on it.

[dasoupdude]

5 years from now you'll find one with 25-30K on it in Autotrader for like $45,000.

That's a steal too.

[Impul]

That's really not bad at all...

Between RHD insurance and maintaining a 20 year old car in good shape. To daily drive my R33 all seasons costs about 20k / year.