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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Prices Paid and Buying Experience
6575 messages, Last post on Oct 06, 2008 at 4:09 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: geebuying (Dec 22, 2004 3:40 pm) This is not a big problem for you if you plan to keep the vehicle at least until it's paid off. You will lose some value at resale, but you're also getting a discount up front. However, if you plan to sell before the loan is paid off, it may be one to avoid. The best advice is to ask to take the vehicle to an independent mechanic and pay a few bucks to have it looked over by a pro. They can spot stuff that you & I would never notice, and they've got no reason to tell you it's fine if it isn't. kirstie_h Roving Host & Future Vehicles Host |
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Replying to: joe24 (Dec 21, 2004 7:44 pm) Uh, how do I say this in a nice way.? Are you Nuts..! 1st, last and security, a fee here and there ..... $8,000..?!? .. Never.! .... If that bad boy gets stolen or wrecked your out of the $8,000, gone, zero, less than 1 -- it only lowers your payment, thats all ...... Yikes.! Terry. |
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Just took home a 2005 G35x, premium, trunk mat and splash guards. I wanted to post my experience, since this discussion was very helpful. I'm from Chicago, but checked all over for the best price. All prices are before taxes & doc fees. Chicago dealership: MSRP - $1250 for wood package & prem, Another Chicago dealer: MSRP - $1000 Costco program: $34,850 Quirk, MA: MSRP - $500 Ramsey, NJ: MRSP - $1500 = $35,100 Herb Chambers, MA: $34,200 Grubbs, TX: $34,658 Pfeiffer, MI: I ended up going to Pfeiffer, in Grand Rapids. Grubbs didn't sell that many AWDs, so I had to wait until February 2005 to get one. Herb didn't have my color in stock (white/stone), and also wasn't sure how I could drive back to Illinois (MA doesn't issue transit tags). I was going to go with Costco program when someone recommended Pfeiffer in Grand Rapids, MI. I gave them a call, gave my price, and they actually beat my price. They also found my color combination without a problem. Just came back from the dealership yesterday - pleasant buying experience. The dealer asked me not to post the actual price. But, if you're looking for a 2005 G35, give them a call! I highly recommend them. You can check the previous posts about this dealership, too. This car is a blast to drive!
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Replying to: podochigae (Dec 23, 2004 2:55 pm)
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Replying to: pkl123 (Dec 23, 2004 9:17 pm) |
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I'm in Houston,TX...first time buyer. anyone have any advice on Infiniti dealers here? Looking to lease a 2005 G35 Sedan most likely for 36mo., premium pkg, RWD, wood trim. What deals are people getting for these lately (what is reasonable to ask for)? I'm part of the VPP program as well- any experience with VPP at Houston dealerships? Also-what kind of residuals is everyone getting on their leases? |
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Replying to: podochigae (Dec 23, 2004 2:55 pm) |
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| What is the residual for the '05 G35 on a 42 month lease? | |
| I've been reading these posts for a while looking for info on leasing a g35 coupe. Now I am not looking to disagree with anyone here who advises against putting down large cap cost reduction payments (e.g. $8000), I do not think it's wise at all but I have to add a little inside advice on how the real world works once a leased car is considered a total loss when an insurance claim is submitted on behalf of the leasee. Hopefully this info will help clear up an often misundertstood urban legend. I am an auto damage appraiser for a large ins. company in Long Island and have handled more total losses than I care to remember. I have to personally settle the losses with insureds by contacting finance and lease companies where the insured still has a loan or lease. Putting down a large cap cost will not necessarily kill you if the car is a recent total loss after inception. PLEASE remember that the insurance company is required to settle the loss within accordance of the state's insurance regulations and all the regs are the same in all states. The company is absolutely in no way shape or form required to pay any balance on any loan or lease, ONLY THE FAIR MARKET VALUE for the car in question. The company is obligated to pay the insured first, but usually we make a courtesy call to the lienholder/leasee to put them on notice and they cooperatively stop the interest on the lease/loan as of the date of the loss. The ins. company advises of what they are paying on behalf of the insd (acv less insd's ded), and then the lease company must accept this figure whatever the remaining balance of the lease is. In most cases, because the depreciation of the car is so drastic, and the leasee owes more than the current market value, after the ins co. pays the settlement direct to the lease company, the lease company then makes an individual claim to it's gap ins policy provider. This is why when settling losses on an individual basis, the lease company asks us to send them a fax of the settlement amount offered by the insurance policy and the actual acv report. They use this to show their gap company the amount they were paid and the balance still owed on the lease is paid by the gap policy, which the leasing company took out for themselves. Point of the story is, a large down payment will result in a lower lease balance, since much of the depreciated cost is paid up front, the equity of the insurance settlement will go to the insured. I have been involved in settling total loss for people who recently got into leases, made large cap cost payments, and the ins settlement was higher than the lease balance. The ins company pays the lease balance direct and the equity would go direct to the insured. Again, not advisable to put down a large amount, good equity on leasing only seems to happen on cars with very high residuals, as we all know. I wouldn't personally want to take a chance with most of these substandard insurance carriers with great rates and terrible claims service, especially when one needs them to understand the complexities of their lease agreement with a large cap cost reduction. One other thing, in most cases, if an insured has a total loss within the first six months of the date of sale, the state ins dept demands that a carrier not use the acv or fair market value method of determining the settlement amount, but rather the mileage depreciation method is used. For example a car that had a purchase price of $28000, would incur a per miles used depreciation figure of, let's say .35 cents a mile. If the owner drove a 1000 miles after buying/leasing the car, the depreciation is only $350. The ins. co. is obligated to verify the purchas price, (cap cost for leases) and pay that pruchase price less the $350. Local tax would then be added for purchased cars, taxes for leases depends if leasee paid same up front or not. The per mileage depreciation figures depends on the original purchase/cap cost price. There are ranges etc., and the higher the cost, the higher the "cents" is per mile driven. That mileage depreciation method is a built in protection that the insurance industry (through state regualtion of course), applies to help protect individuals from the wild flucuation in resale values of private cars shortly after they are purchased. | |
| Nice explanation thanks! | |
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