Last post on May 20, 2013 at 2:17 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Infiniti G35, Infiniti G37, Coupe, Sedan
#5500 of 11067 Re: Rate my deal... [dwynne]
Feb 13, 2008 (8:16 pm)
Consumer Reports didn't say Infinity dealers are desperate, nor did I. The implication is that sales are slowing and dealers will 'deal into holdback'.
Sales of Infinity G Sedans are down 22% from Jan 2007 to Jan 2008, month over month after declining a whopping 31% in December 2007 compared to December 2006, so is that a double fluke?. G sedans are also down 25% from just last month, Dec 2008 (though sales comparisons to the huge retail month of December can be dubious.)
Yes, total Infinity sales were up 4.5% for 2007, yet they are down 3.6% already in January and were down 3.5% in December 07. So sales of both the G Sedans and the entire Infinity Division are down for the second straight month. And now they are offering 2.9% financing rate because cars are flying off the lot? Rather, sales are slowing.
I went to two dealers last weekend, saw plenty of new G35 Sedans and saw only two other buyers on the Infinity lots (both looking at SUVs).
An internet sales manager just offered me a G35 Journey w/sunroof for $31,070 which is "into holdback"--a 2.9% profit for the dealer.
GDP growth was only 0.6% last quarter and many, if not most, economists think we are already in a recession. We won't know if we're in a recession until after the fact.
I used CR b/c I have found their figures to be accurate and they list the holdback. If you could tell me where I can this information for free, that would be appreciated.
#5501 of 11067 My G35 Purchase
Feb 13, 2008 (9:10 pm)
2008 G35X, Premium, Navigation, Technology, Splash Guards, Cargo Net, Black on Black.
36,610 +299 Conveyance fee +110 registration + Taxes
Hartford, CT....$700 below the VPP deal and I think right around invoice.
I'm happy, car is fantastic!
#5502 of 11067 Re: Rate my deal... [allbiz]
Feb 14, 2008 (9:23 am)
What is invoice? You want to be within $500 of invoice cost when you include the car, destination, and dealer fee.
#5503 of 11067 Re: G37 pricing [allbiz]
Feb 14, 2008 (9:24 am)
They can't, since no Infiniti dealer will give you that price w/o dealer money on it - or unless you wait until the next model year cars are out.
#5504 of 11067 Re: Rate my deal... [straightdope]
Feb 14, 2008 (9:28 am)
Edmunds shows dealer incentives and hold back - for free.
Edmunds, kbb, carsdirect.com, and many more sites have the invoice - for free.
No need to pay CR for this info, though I am a long time subscriber I think their "car buying" thing is simply a rip off.
It does not matter what you figure the dealer's true cost or actual net profit is if you can't get a dealer to sell you the car for that price. For most dealers, hold back is "sacred" and they will not deal down into it unless they just are desperate to move the car involved. Now, some high value dealers of less expensive cars will deal into hold back routinely - that is just how they deal with Internet buyers.
#5505 of 11067 Re: My G35 Purchase [relater]
Feb 14, 2008 (10:37 am)
Invoice on what you list is $37,245 so your price with the fee was $36,909 which is $336 under invoice. Note that the new invoice price includes the recent price increase from Infiniti that was announced in January, if your car was built prior to the price increase then your invoice and MSRP are lower.
If no trade in, that is a very nice price.
#5506 of 11067 Re: Rate my deal... [dwynne]
Feb 14, 2008 (11:19 am)
"We are also not in a recession, since a recession is a decline for 3 straight quarters."
I believe a recession is 2 quarters of economic contraction. Just splitting hairs, no biggie.
"Jan 08 number is not that bad"
I agree. Combined with the great financing rate means dealers are less anxious about sales. Hence their unwillingness to deal. I drove 500 miles round trip to save appx $500. I also did it because I liked the dealer's service.
#5507 of 11067 Re: g35 buying? [wmaung]
Feb 14, 2008 (11:58 am)
Ok your price of 35900 a destination fee of 715? What was the out the door price given to you- ie Final Selling price(with all accessories) + Sales Tax + other charges(incl tire tax etc).. If your 35900 is before destination then you are paying $2023 more than invoice($33877), if its 35900 including destination then you are paying $1308 more than invoice. It looks like people are paying invoice price nowadays, if not BELOW inv price... I contacted the internet mngr at Douglas infinity who has told me that he will deal a couple of hundred below invoice... yet to check it out, so dont know if there any hidden fees involved, will let you know... but really, I dont think we should be paying more a few hundred $ above invoice in today's economy.... I think you can do much better....
I have a few questions and would appreciate if someone could answer them here:
In today's market, is it reasonable to expect to buy AT(+/- 200) invoice price? Is it true in places like NJ?
Apart from accessory prices, what makes up the 'TAG' part of the pricing?
If a dealer is willing to deal a couple hundred below invoice, can I expect him to pull a fast one on me(like force me to buy add-ons etc) if so where and what should I watch out for?
Has anybody found dealers in NJ who deal at or below invoice?
#5508 of 11067 Re: Rate my deal... [dwynne]
Feb 14, 2008 (12:12 pm)
Great info guys keep it up. I might be asking a question which you are trying to answer, but just put it more squarely,- can I expect to deal at(+/- 200) invoice in todays climate, or is it asking for too much? Also, I saw dwynne say that one has to be $500+invoice on the car + destination + dealer fee, wouldnt that mean the car would bellow invoice? On an average how much would the dealer fee and destination be?
#5509 of 11067 Re: Rate my deal... [n3tto]
Feb 14, 2008 (12:44 pm)
I have seen a recession described both as 2 and 3 consecutive quarters, so we are equally correct - or equally wrong .
A recession is a "stupid thing" since it is driven by consumer spending and other than the sub-prime folks that got zapped by their ARMs things are generally pretty good. But if the media keep talking recession and folks hearing that BELIEVE it then we WILL have a recession. If everyone focused on what is going right then I feel things should be fine. If the car companies sense buyers are waiting for better times then deal will probably get even better.
Note that I know a few folks that already got great deals on pre-foreclosed houses they picked up on the cheap. Sure it can make them feel like a "vulture" or something, but the banks were going to take the houses back in any case. This way the previous mortgage holder does not screw up their credit. So while the "downturn" may be hurting those that were sub-prime, but it does help others get into a nice house for a nice price.
My local dealer charges $500 for a doc fee and jacks up the MF on leases, so I drove about 320 miles round trip to get my G37 from a dealer with no doc fee and no markups.
It is often well worth dealer shopping before you even start car shopping.