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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Prices Paid and Buying Experience
6205 messages, Last post on Jul 23, 2008 at 7:45 PM
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Replying to: jpittman (Jan 07, 2008 11:47 am) |
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Replying to: thigatl (Jan 01, 2008 7:45 am) Thanks |
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Replying to: inertia1 (Dec 31, 2007 5:28 pm) |
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After negotiating with two dealers we finally picked up our black on black G35XS today. My wife is really enjoying this car day one, and has parked her A4 outside of the garage,a long with bagging up her keys six weeks before turning her lease in. The sport option does give the car a slightly different personality vs. the G35X. So far only negative is you can not import the phone contacts from the IPhone into the G. Here are the details; *MSRP-$42225 (Options include, Nav, Tech, Prem, Sport, cargo net, splash guards, spoiler) *Gross cap cost-$38891.31 (Invoice from Edmunds including destination $38439) *At signing-$2000.60 (Included: $569 1st payment, $595 Acq fee, Acq fee tax $35.70, doc fee $45, tire fee $12.50, reg fees $180, $540 cap cost fee, $32.40 tax on cap cost) My wife targeted a $560 per month payment, thus the cap cost, otherwise I would have avoided putting this down. Base Monthly payment: $528.30 (+31.70 Ct tax), total-$560.00 Based on these numbers it looks like total paid over invoice was $497.31 Here's where things getting funny. The residual value was 58%, money factor .00228, for 36 months, 15,000 miles per year. The rate is January's, and none of the published sedan rates on this forum are for 58% for the same term and mileage. I'm curious if the XS model may be slightly different? I heard from three dealers the Sport option has no residual value. When we looked at an Acura MDX, this was the case also. I agreed to pay no more than $600 above published invoice price, which the dealer disclosed in writing and the spoiler option was not on our list. Over the phone the internet manager stated our vehicle would not have a spoiler. When we arrived to pick it up this morning...it had the option and was on the Infiniti window sticker. We didn't want it but it was something that would not break the deal. After the paperwork was signed and they went over the car, the additional fee for the spoiler came up. I basically shook my head No and my wife verbalized this, nothing more was said. So, I'm curious if this "additional charge" somehow shows up on a bill later to me, which I will not pay. Any thoughts from the forum on this and the deal overall. Mike
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Pardon my ignorance if any of this info has already been posted, I went through the last 10 pages of posts, but couldn't find the exact answers so I figured I would just post my situation as everyone seems to be rather friendly and knowledgeable. I currently have about 5 months left on my '04 G35X lease and am about 8,000 miles under my lease limit. I received a message from my local dealer about exploring options of a new lease since I have less than 180 days left on mine. I am looking for a 2008 G35X AWD with Prem, NAV, and possibly the sport package with spoiler, albeit not necessary.. The MSRP with everything on Infiniti.com is $40,915 and $39,265 without the spoiler/sport.. What is the invoice price on these??? Secondly, does anyone have the risidual and base rate on a 36 month lease, 15k miles for January??? Also, my father-in-law claims that his best friend from dental school can get me VPP pricing.. SHould I assume this is C or D Plan??? I believe I read from Dennis that I could probably negotiate as good of pricing on my own if it is C or D.. Is that accurate or should I try to get the code? Are there any circumstances that it could be the A or B plan??? Lastly, my current lease is solely in my father's name.. My credit was a trainwreck out of college so I had to go that route. My credit score is now slightly over 700, but I have no auto credit history. My income and debt ratio are a non-issue.. What should I expect as far as tiers and interest pricing??? Should I expect to have issues getting a deal done now with 5 months left considering the current lease is not in my name? Thanks for any suggestions
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Replying to: bg18947 (Jan 02, 2008 7:21 pm) Thanks for your detail post. I'm also living in White Plains and considering to get G35x same as you. Would you mind to provide how much you got your car at Pepe Infiniti. I tried to get quote form them and Christina who is a internet rep replied. However, she didn't mension about price in OTD. Thanks in advanced.
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Replying to: mvs1 (Jan 12, 2008 6:45 pm) Some comments on what you posted. I don't think I have ever been charged sales tax on the bank fee before - not that I can ever recall. Maybe they do that there, but I am not sure other places do. Of course, we just tax on the payment and any cap cost reduction here, so if you roll the bank fee into the lease you pay tax on it - but if you pay it up front then I don't think tax is due. I assume by "cap cost fee" you mean cap cost reduction? The rate I posted for the x for Jan for 36 months/45k was 59% and 0.00210, the numbers you show were the numbers for early December of 07 (58% and 0.00228). The numbers I posted could be wrong, everyone is just human and some numbers could have been typed or read incorrectly at some point. But if you are lucky, the dealer just used the wrong sheet - which is great news for you. IFS will not fund the lease if the residual is wrong (but would accept if if the MF is high with the dealer getting the revenue from the extra over the buy rate you signed for). So hopefully the lease will bounce, they will be told the error, and you will be called back in to sign new lease papers with the correct numbers. Keep in mind, they have to change the MF AND the residual to give you the best deal. They COULD just bump the residual up one point which would slightly lower you payment and ask you to sign those papers. I would not, I would ask if 0.00210 is the buy rate and insist on it. Also realize that the MF does not appear on the lease contract - if just shows the net, cap, residual, and payment. So you have to check the numbers to see what was used to generate that payment. Personally, if 0.00210 was posted here I would not have signed papers on a car with a rate of 0.00228 until I could verify with several dealers that was the buy rate. If the buy rate and residual you posted are the right one, sorry for posting the wrong ones. But, if I were you I would have waited. You are still paying on th Audi so I would have rolled the dice and hoped for better IFS numbers for Feb. I don't understand your confusion over the spoiler. I went and priced out the car and $42.225 does include the spoiler and the invoice should be $38,439. I took your selling price less your cap cost reduction, 58% of residual and the MF you state and plugged them into the old lease calc and got your payment (w/o tax) exactly. So that is correct using the numbers you posted - and you are paying for the spoiler. Dennis
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Replying to: superman2424 (Jan 12, 2008 7:01 pm) The lease MF and residuals for Jan are posted here, probably 10-15 message above this one. You can also search for JAN in the search box. It depends on if your father's friend works for Nissan or not. Nissan employees can generate C codes for their friends. Plan D is for employees of partner companies and NOT for friends of employees of partner companies. So if he works for Nissan, you can get a code, if not then you can't. For Plan D the buyer/lessee would have to provide ID and proof on employment with the partner company, so that would not fly for you. As to the credit, you may have to get your father to co-sign your new lease for you. A 700 would probably put you just outside tier 1 for Nissan. They most likely use an auto enhanced score with no auto credit history your score may be really low. With a co-signer you can get the lease and once you pay it off with no lates you have no problem the next time getting the lease on your own. IFS would probably write you this time on your own, but the rate would be a lot higher I am afraid. What are you planning on doing with your current car? If it is worth more than the current lease buy out you can sell it to a dealer or trade it in and be done with. Otherwise you might as well keep driving it and worry about a new car closer to the end of the current lease. Dennis |
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Replying to: mvs1 (Jan 12, 2008 6:45 pm) Dennis |
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Replying to: dwynne (Dec 29, 2007 11:39 pm) Can you put the upgraded sport 18 inch front wheel and tires on both the front and back giving you the same set? If so does anyone know if a dealer would be willing to do this? I like the sport package wheel and some of the other features of the sport package but would like to get the same size tire and wheel on all 4.. Thanks again Randy
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