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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
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: solstice3 (Jan 28, 2008 9:30 am) thanks....
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Replying to: max8085 (Feb 27, 2008 10:01 pm) Dennis
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Replying to: carsforall (Feb 27, 2008 5:24 pm) The formula for the VPP price is publish and is simple to drop into a spreadsheet: In cell B3 put the invoice including destination, then in cells B4-B7 put the following calculations: =B3-715 =B4 * (1 - 0.0165) =B5*1.025 =B6+715 The answer in B7 will be your VPP price. If I were dealing with a VPP code I would call all the dealers within 100-200 miles from home and try to find one that has no doc fee and will honor the VPP code. $577 a month is meaningless if you don't state the model you are looking to lease, options, the sales tax rate, and or course the lease term. Dennis
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Replying to: dwynne (Feb 28, 2008 7:44 am) |
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Replying to: dwynne (Feb 28, 2008 7:44 am) 39/12k With 1st month and DMV Cause the price of the car Which i was quoted before was I believe according to edmunds is 2000 over invoice, which I still don't understand was giving me a payment of 440 a month.
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Replying to: max8085 (Feb 28, 2008 9:33 am) I would find another dealer, use the Infiniti dealer locator and see how many dealers you can find in a 100-200 mile radius. Dennis |
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Replying to: dwynne (Feb 28, 2008 7:53 am) I do not understand how they come up with the lease numbers though (24 mths/ 895 down inclusive of 1st month payment/ 577 per mth inclusive of all taxes / the sales tax rate in WA = 9.2). Please let me know if you do. The dealer finally agreed to waive some fees totalling $300 (B&O and some other fee). A search around the Seattle area (with a 100 mile radius) brought up only 2 dealerships - both of which are owned by the same person. Calling the other did not help as they said they could not better the deal. Thanks a lot to Dennis and everyone else for the information and advice! Will post the final price if we go for it.
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Replying to: carsforall (Feb 28, 2008 2:40 pm) The G35x lease buy rate for 24 month is 0.00123, the residual is 69% for 15k and 70% for 12k per year. You don't state the MSRP, so I will use $40,615 which is the current MSRP for an x with tech/nav/prem and nothing else. The formula to figure payment is: (Cap Cost – Residual Value) / Term = Depreciation (Cap Cost + Residual Value) X Money Factor = Interest Depreciation + Interest = Base Monthly Payment We will assume you are rolling in the $595 bank fee and 15k miles per year and your car has the MSRP I showed. (37905 - 28024.35) / 24 = $411.70 (37905 + 28024.35) * 0.00123 = $81.10 $411.70 + $81.10 = $492.80 Check my math, I did it in a hurry. It looks like WA taxes on the payment and you say your rate is 9.2% so adding tax to the payment should get us to $538.14 per month. That would be for 15k miles with the car and the $595 bank fee in the lease and you paying anything else (tags, title, etc) at signing. That is what I get, only the dealer could explain where they are getting their number. But knowing how to work it out yourself you can check tier math to make sure it does match up. If the residual is correct, I have to add $830 to the net cap cost to get the payment they gave you. You money down less first payment is $318. So using your VPP number you came up with, the lease buy rate and residual for 15k miles, and your tax on payment we are missing $1,148. That is a lot. Maybe there is property tax, dealer fee, whatever - but it sounds like your are getting ripped off. Dennis |
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Replying to: dwynne (Feb 27, 2008 11:10 am) I'll keep the dealer doc and prep fees in mind when buying as I'll get the invoice with pricing before I sign anything, obviously.
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Replying to: hpgator (Feb 28, 2008 5:25 pm) I posted the formula today or yesterday and it is shown on the VPP web page at this link. Since you have a VPP claim code the only difference from one dealer to another will be the amount of the dealer fees (if any) and any dealer installed options you are forced to take. If leasing, add in the fact that some dealers mark up the MF on leases. So shopping for the dealership is key - find the one with no add ons and no doc fee and you have a nice deal. Maybe a BETTER deal even if they have to go get you a car and you pay for the haul. Here, the dealer gets $500 for a doc fee and has > $1k of dealer options on every car. I got my G37 from a dealer 2 1/2 hours away that has $0 doc fee and no add ons. Dennis |
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