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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Prices Paid and Buying Experience
6353 messages, Last post on Aug 21, 2008 at 12:32 PM
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Hey guys, I'm new on here and i'm from ct.. I was researching to see if I got a good deal on my lease quote.. I spent 3 hours at the dealership, and put down a $500 Refundable deposit.. Any help on how I did would be GREATLY appreciated! 2008 G37 Journey 2dr auto cargo net illuminated kick plate navagation package premium package splash gaurds rear spoiler sports package trunk mats $2,470 down payment + 530 first month payment = $3,000 $530.00 per month, 39 month lease, 15,000 miles per year That's tax, title, reg He first came at me with like 680 a month and me and my brother in law laughed at him.. we kept getting him to drop the price, and at last this was pretty much his final bottom line offer.. IS THIS A GOOD PRICE? Thanks in advance guys  -George-
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Replying to: dwynne (Feb 18, 2008 3:43 pm) a. Add destination charge to price(+715) b. Remove Cargo mat(-$75 on inv) c. Add Cargo Net (+$46 on inv) Thus the total invoice comes to 35956 + 715 - 75 + 46 = 36642 So that answers my questions )
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Replying to: george8100 (Feb 19, 2008 7:24 am) In any car deal, lease or buy, the most important number is the selling price of the car. Ask yourself these questions- how close is this number to the invoice price? would you be able to get it any cheaper if you bought car?...Even if you have decided that you want to lease the car no matter what, getting to know that you can BUY the car at a lesser price, can help you negotiate. Remember that the selling price of the car should not be any different for a lease. The MSRP on the car with the options you want is $44445, and invoice is at $40387. So what was your selling price? Secondly, if I were you(and if I could redo my lease deal 2 years back), I would not put down ANY money. Because unlike a purchase this amount DOES NOT help your cause; its like prepaying your monthly house rent ahead of time to "reduce" your monthly payment- read this article for a better explanation - http://www.edmunds.com/advice/leasing/articles/102826/article.html Also, post more details of your deal, so we may analyze- MSRP, selling price, fees charged by the dealership, money factor, residual value or dep factor(for 39 mos), your state(to calculate tax) etc etc.... |
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Replying to: george8100 (Feb 19, 2008 7:24 am) Naturally, they are going to make you think you are getting a good deal by hitting you with some high number and then hoping you will jump on the deal when they lower the price. I would never spend 3 hours of my life at a dealership, you are just wasting time. You deal online with the "Internet sales department" and get all the numbers in place - you only need to go to a dealership to test drive and sign papers/pick up the car. What state do you live in? That matters because of the taxes on the leases vary so much in the way they are applied and the rate. It looks like a terrible deal, unless you are some insane tax state - you are paying $3k at signing and doing a 39 month lease and your car is not all that loaded and your payment is $530 per month. To get the whole picture, we need the state where you live and tax rate, price you are paying for the car, residual, etc, etc. I am always real suspicious of round numbers - you pay exactly $3k down and your payment is $530. In "real life" with a great deal lease you end up with odd numbers almost every time. Dennis |
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hey guys, thanks for your help.. I live in CT so the tax rate is at 6%.. The MSRP was 44,195 and i he brought it down to 41,158 - 1,000 over invoice Then we did some more negiotiating and we changed some numbers and he was like listen the best i can do is 530 and some change and i was like i like even numbers so he said 530 even lol.. The 3000 includes the first month, so it would really only be 2,470 down. I thought this was a good deal because it's a 15,000 miles a year and it was pretty we'll loaded.. What price do you guys think that I should be around? I appreciate this help
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Replying to: george8100 (Feb 19, 2008 11:15 am) Your monthly payment with $3000 down is $530 for 39 months => total amount paid = $3000 + ($530*39)= $20670 If you refused to pay any money down, then the monthly payment will change to $606.92 => total amount paid = 0 + ($606*39) = $20670 You still pay the same amt of money!! in fact you will LOOSE any interest your $3000 would have made in a bank!!!--- Use the edmunds calculator and see for yourself. The way the interest is calculated makes this the case...its almost like signing for a loan with a FIXED lending period, the interest month over month REMAINS the same!! But mind you, I'm not discouraging you from leasing... leasing is good in certain situations, you can find such materials online. But what trumps a lease on financing are the deals/incentives being offered. Leasing as a concept is not "cheaper" rather a "costly" habit, what I would call a BCB factor- "bang for the buck factor" Remember you HAVE to lease or buy another car at the end of your lease... look for incentives such as lower money factor(vs a higher interest rate if buying), cash incentives to list a few- these are the things that genuinely improve your BCB factor. Please use the buy vs. lease calculator to see which method is benificial for the deal that was offered to you- if you are open to leasing as well as buying. I'm not sure if CT requires you to pay sales tax on the selling price of the car, or if its only on the monthly payments. If its the former, forget about it! Please send in your numbers, lets see whats happening here. |
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shit lol... i have to find out what all of those numbers were.. i never really looked into them to much.. i just figured infiniti was advertising a $36,500 model for $2500 down and 449 pr month not including tax, title, reg 12k lease.. So to me (never leased before lol) I figured a 44,500 model for $3000 down, 15k a year, everything included for 530 a month was a good deal.. I have to look into those numbers now because you got me thingking lol
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Replying to: george8100 (Feb 19, 2008 12:59 pm) Remember, its not always possible for everybody to buy a car like the G37. Also, the G37 holds its value well, so leasing is NOT neccesarily a bad thing. So you would have to weigh the advantages/disadvantages before leasing. Do your homework George, its increasingly a buyers market, there is no hurry for you to close the deal tomorrow! I have also found that with current deals(like 2.9% apr for 60 mos on a purchase, at the end of 39mos, your interst paid would be much lower than the interest you would have paid for the lease deals; even if the lease had a money factor equivalant to 2.9% apr). I found this article to be very helpful to understand leasing, please go through it - http://www.edmunds.com/advice/leasing/articles/48365/article.html Put it up an excell, and see what happens when you manupulate different components in there. Good luck with your research. Please come back and let me know how it worked out for you. |
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so hey guys.. i ended up shoppin around and just calling everywhere around here possible and getting them to compete against each other.. cheapest numbers i got were a guy out of ny.. $3000 down, 487 a month.. cheapest around me in ct was at like $520, and the dealer i had gone to asked what it would take to keep me, and said there was no way he can do 487.. we agree'd at $500 a month, 39 months, $3,000 down.. i know there's no point in my puttin the money down, but i would rather put it down then to have a higher car payment lol... now the way i look at it is that it's going to cost me 500x39 = $19,500 +$2500 down = $22,000 to drive around a $45,000 car for 39 months.. To me, i think thats a good deal. If i was to buy the car  2.9% financing, at say a out the door price of 42,000 it would cost me about $760/month or so for 60 months.. After 39 months I would have paid off $29,640. I would still owe about $14,000 because of intrest. so I would sell the car for $25,000 and have $11,000 left over. If i take the extra $260 a month and save it over 39 months = $10,140.. I can use that against my mortage, put it into a ira etc.. Personally, not much of a difference and I would have a way smaller car payment.. Personally, just easier on me. So does this make any sense? You see my point now about this all? i still didnt get the numbers u were askin about lol.. personally, i was just goin by the final numbers lol |
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Replying to: george8100 (Feb 19, 2008 6:08 pm) That is not the way *I* would do it and not they way I would recommend anyone else approach getting a good lease deal. You know the invoice, dealer incentives (if any), and the lease buy rate. You deal the price down near invoice, less incentives and including any dealer doc/prep fees. Then you apply the lease buy rate, local taxes, tags, title and you are done - with a nice deal. Dennis |
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