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Infiniti G37 Lease Questions

4693 messages,  Last post on Nov 30, 2009 at 8:16 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Infiniti G35, Infiniti G37, Car Leasing, Coupe, Sedan


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#4684 of 4693
Residual & MF by fordexcursion
Nov 28, 2009 (3:02 pm)
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My dealer is giving me a 60% residual and .00163 on a G37. Do these seem like in the ballpark figures?
 
Going by this residual, what is the residual in a money amount?
 
I'm figuring that a good place to start negotiating the price is at 33154 for a G37 w/Premium and Sport packages. Does this seem like good amount to start at?
#4685 of 4693
Re: 09 G37 AWD Coupe Rates [sewellgsm] by smarty666
Nov 29, 2009 (1:18 pm)
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Replying to: sewellgsm (Nov 28, 2009 8:31 am)

well if that is the case and IFS and NMAC won't negotiate to people then what is the purpose to leasing; not everyone wants to keep leasing every 3-4 years, some customers who really like the car, had no problems with the vehicle, paid all their payments on time, kept the car up/maintained, etc might want to buy the vehicle so why should we be punished because Infiniti and Nissan want to be money hungry to get the car back and try to sell it a second time as a used car and make even more money on the car and you would think that the way car sales have been that Infiniti and Nissan would want to negotiate it so that their isn't the chance they get the car back and then it sits on the used car lot for months on end when you have the original customer who wants to give you a sale by buying it out right at a slightly reduced price right at your doorstep then and there
 
thats fine Nissan and Infiniti don't want to negotiate but then it is totally outrageous to charge a disposition fee that none of your major competitors are charging to people who lease with their financing company so why should IFS and NMAC require it, bottom line is they shouldn't; if the buyout for the vehicle is to high then you want to charge a disposition fee for people who either A can't afford the buyout price or B had financial circumstances change who can no longer afford to lease another Infiniti or Nissan so they get punished by IFS and NMAC by either not buying out their current lease or who don't lease a new car with IFS or NMAC
 
in the end leasing is really becoming financially terrible to do every year that goes by; car companies want more money down, add illogical disposition fees, and won't negotiate the buyout at all
 
luckily when it comes to leasing, Infiniti's hold their value a lot better then Nissan's do which I now realize after the fact! what really is ridiculous is that my 2005 FX35 lease and buyout was lower then my Maxima's lease which is ridiculous considering the FX35 was a lot more money then my Maxima was on the window sticker, oh well!!; actually, I shouldn't complain about IFS, my FX35 lease was pretty good and the buyout was not bad either, I think just around msrp, it wasn't till I went down to Nissan that I got the old shaft from Nissan and NMAC on my lease and buyout; should have stayed with Infiniti but was just having too much trouble with the brakes and rotors to financially keep it!!
 
Honda/Acura and Toyota/Lexus don't have disposition fees, at least on their coupe and sedan leases, so I hope in time Nissan/Infiniti gets rid of it because it is a big disadvantage to leasing with Nissan/Infiniti compared to Honda/Acura and
Toyota/Lexus
 
sorry sewellgsm I don't mean to take it out on you, I know you don't make the policies for leasing at NMAC or IFS and your just basically the bearer of bad news so no personal attack on you, just had to vent because I have a terrible buyout on my current 2010 Maxima SV lease with NMAC that would cost me thousands over msrp to buy out at the end of the 3 years so I already know I'll have to return the car regardless of how well I like it, take care of it, or how problem free it is, because I couldn't financially afford to buy it out at what Nissan wants me to
#4686 of 4693
Re: 09 G37 AWD Coupe Rates [smarty666] by gooddeal2
Nov 29, 2009 (1:40 pm)
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Replying to: smarty666 (Nov 29, 2009 1:18 pm)

I don't know why you need to complain on something that you agree on. Leasing is a gamble. That's why I like to purchase rather than lease even though the lease payment (depreciation) can be cheaper. I like to get rid of the car on my own term rather than the lease term.
#4687 of 4693
2009 G37 Convertible Lease! by manwithaplan
Nov 29, 2009 (10:01 pm)
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I'm looking at a first offer from dealer of $647/month for G37 Convertible, MSRP $50,400, CC $46,600. 36mo, $0 out the door.
 
How low should I be aiming?
 
I would love to get it into the 400s a month, but I realize that may not be realistic. I have no doubt I can get it into the 500s.
 
I could also wait for any new incentives in December. Wise to wait, or get a lower payment and jump on this?
 
Car-Man? Care to weigh in?
#4688 of 4693
Re: 09 G37 AWD Coupe Rates [smarty666] by sewellgsm
Nov 30, 2009 (8:09 am)
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Replying to: smarty666 (Nov 29, 2009 1:18 pm)

Here are a couple of things to keep in mind. Employees at IFS, NMAC, GMAC, etc. are not car dealers or salesman - they are not trained or equiped to negoiate values of vehicles nor do they have a lot that the lease turn in "sit on". They simply hire a trucker to pick up the vehicle and take them to the auction and sell them there, if a dealer wants to buy it before the trucker gets there to pick it up - they will generally give them a price a little higher than what they have been getting at the auction.
 
You can set your residual as low as you want, BUT the lower you set it, the higher your payment will be - so 99.9% of people who lease want their payments low so they set the residual as high as the bank will let them! So, you can't have low payments and then expect to buy the vehicle at a lower price than the residual was set in the contract that both parties signed.
 
The disposition fee - which just started with IFS - is to cover the cost of sending someone out to inspect the vehicle and the trucker to tow the vehicle to the auction - many have this and again it is set in the contract, so calculate that in before you decide to buy or lease.
 
For the most part, leasing is the way to go - generally financial planners never advise to own an asset that depreaciates in value - let the bank own them - let them take the loss. Many banks don't lease anymore because they were losing too much money. But, if you don't like the terms of a lease, buy it.
#4689 of 4693
Re: Need Residual and MF for NOV and DEC [ildarad0] by sewellgsm
Nov 30, 2009 (8:17 am)
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Replying to: ildarad0 (Nov 25, 2009 7:49 pm)

Maybe a little late, but Nissan customers get $500 forgiveness on miles and damage if they lease an Infiniti and you get tax credits on the value of the residual towards your next lease; however, you do not get the loyalty.
#4690 of 4693
MSD return problem by sympl123
Nov 30, 2009 (8:49 am)
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We ended our G35 lease at the end of september and are waiting to get back our MSD (multiple security deposit) from the IFS. So far we were unsuccessful. Every time we call another representative tells us the account is going to be released and the check will be sent in 3-5 bus days (which is obviously not true, as it has been going on for almost 2 months now). Getting a manager on the phone is simply impossible. We are starting to think of suing the IFS.
Question: did anyone else have these problems or are people generally getting their MSDs back expeditiously.
For any new leasers out there considering this option - something to be aware of...
#4691 of 4693
Re: 09 G37 AWD Coupe Rates [sewellgsm] by kingpcgeek
Nov 30, 2009 (8:56 am)
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Replying to: sewellgsm (Nov 30, 2009 8:09 am)

generally financial planners never advise to own an asset that depreciates in value
You mean like my house
#4692 of 4693
Re: 09 G37 AWD Coupe Rates [kingpcgeek] by sewellgsm
Nov 30, 2009 (2:22 pm)
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Replying to: kingpcgeek (Nov 30, 2009 8:56 am)

House supposed to go up...at least you can wait it out....
#4693 of 4693
AMEX Referal by goldstein81
Nov 30, 2009 (8:16 pm)
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Just took deliver of my 2009 G37X today. Looking for someone to partner up with. Email me: pocketdueces81yahoo.com if you are interested

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