Last post on Nov 29, 2013 at 12:12 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Infiniti G35, Infiniti G37, Car Leasing, Coupe, Sedan
#1049 of 8139 My lease payment quote
Mar 03, 2007 (4:32 pm)
First, I sell cars as the Internet Sales Manager for a Toyota store in Milwaukee, wisconsin. I am thinking of getting out of my 2006 Toyota 4runner after only 1 year of a 3yr/45k lease (i got it at the right time, money factor equals less than .5% interest and I leased it at 90% of invoice but rolled $1400 negative equity in).
My trade has a payoff of just under kbb good trade in value and has only 14k on the odometer.
I am dealing with a salesman at the infiniti dealer across the street from mine. Just via emails he agreed to $500 over invoice (i know I could get it for alot less, but being in the business i feel that being a "grinder" is the worst thing to be). Also, you buy an infiniti to turn heads and to say you drive a status symbol!
3yr lease with 45k and only starts out of pocket (1st month+tax, taxes on dealer service fee, and registration fees) he quoted me $512+tax on a 2007 G35 coupe 6mt with the every package except navigation...
What do you guys think? should I be happy with this, or should I do the #1 salesman pet peeve and use my negotiation skills to get the car for under invoice (i'm sure I could get at least $500 under dealer invoice)....
A Toyota Salesman
Toyota is projecting to be #1 in worldwide sales this year overtaking GM!
And Ford lost approx $12.7 billion last year which equates to $400 loss a second.....
Buy imports and get good resale value and quality!
#1050 of 8139 g35 sedan lease
Mar 03, 2007 (9:34 pm)
Well, never really got a responce about the lease question i asked last week, so this is what i finally agreed on.
07 G35 Journey with Premium, navigation, 18inch tire package with mudguard package, MSRP 37640ish
572 a month ( includes wheel hazard protection (12 a month more payment would have been 560)
500 Out of Pocket
39 months, 12k miles per year Black with Graphite interior
O and they are also writing me a check back for 599 for my last payment on my leased MDX.
I was alittle undecided being i could have had a TL TYpe S for like 530 sign and drive but next year when they change the TL and im still driving the newest G35, i will be much happier. Did i do good? salesman said i was like 2 buks over invoice and i was at dealership til almost midnight on Feb 28th, what do you think?
#1051 of 8139 lease numbers
Mar 04, 2007 (6:45 pm)
Can anybody post the money factors and residuals currrently being used for a lease on a G35.
#1053 of 8139 '07 G35X Lease Pirice
Mar 05, 2007 (2:25 pm)
I am considering '07 G35X 4dr, w/Premium,NAV & Wood Options-MSRP is $39,350.Very nice car. I live in Maryland. With Exc. credit, 12 k miles per year, what would be a great price for 24 (or 27) months as well as 36(or 39-dealer is telling me this is the best factor) months, 0 down( or first month payment), sign and drive?
I am leaning towards the shorter lease, because I have an"itchy trigger finger" and like getting into new cars often.
Also... is "scheduled" maintenance covered; or how does that work? Thanks, car_man. This can get very confusing, but I know that a good deal is out there if you know what you are doing.
#1054 of 8139 Re: g35 sedan lease [hope3702]
Mar 05, 2007 (4:53 pm)
Do you have any specific numbers? Residual? Money Factor? When they say 200 under cost is that 200 under invoice? If you have the specifics it will be easier to calculate and make sure everything is as stated.
#1055 of 8139 Re: g35 sedan lease [urirx98]
Mar 05, 2007 (5:25 pm)
Well...its tough to say exactly without the exact Money Factor, and Residual that you negotiated. BUT...for an example, if I run your numbers assuming INVOICE pricing for the car, and run it at the 36 month 12k mi numbers since I haven't seen any 39 month numbers....If you only had to pay 500.00 out of pocket plus 1st months payment your total would be $515/per month including tax (without wheel hazard protection). Now, if they rolled in your 599/month MDX payment to your cap cost (which they probably did) your payment would only go up to 534/month. This is all assuming invoice pricing. Since you are leasing for 39 months, the MF probably went up and the Residual went down...how much I can't say. But either way, you are paying a higher monthly payment for a longer period of time. So, realistically, you may have gotten them to say INVOICE on the car, but they probably padded the other numbers to make some money...maybe 1k or so, which still makes it a good deal...maybe not the best, but certainly not the worst.
Mar 06, 2007 (4:27 pm)
I currently have G35x lease that has 3 more months on the lease contract. I have been contacted by local infiniti dealer that Infiniti now allows me to get out of the lease without any further obligation and get into a new one. (waving upto 5 mo of payment for current G leasee). Is this a trick to get me into the door and, tag the rest of the payment that I have, to the next vehicle or is it a real deal from Infiniti?
If it is a real deal, I would love to get out and get into the new G. Can anyone tell me the real deal? I am just afraid to call the dealer since they just want me to come in and put me together.
Thanks in advance.
#1057 of 8139 Re: g35 sedan lease [sprinkler13]
Mar 06, 2007 (8:49 pm)
THanks for writing back, just wanted to let you know that it was only 500 out of pocket, so that actually covered the 1st month, even though it was less then the 1st months payment. THey wanted a grand OOP, but didnt want to pay all that money up front, so i put the other 500 and my 600 from my mdx in the payment, but they are giving me a check back for 600 for the payment. So that is why the price went up. We started at the 524 and added 1400 devided by the 39 months and thats where the 560 came from. Ithink they still got over a grand atleast even thoiugh they tell me they didnt get much over invoice. WIsh i could have faught them for more but it was almost midnight and i was tired of going back and forth. Hate car buying/ leasing.
#1058 of 8139 Re: G35X one payment lease [jtla]
Mar 07, 2007 (4:20 am)
Hi jtla. Actually many banks allow the pre-payment of leases. The money that is paid in advance is not considered to be a down payment and it should not be lost of a vehicle is totaled. The banks that allow the pre-payment of leases usually provide consumers who do them with a reduction in the money factor that is used to calculate the interest portion of their lease. I am not sure of the exact reduction that IFS provides for pre-paid leases though.
Another option for someone who is considering pre-paying for their lease would be to make multiple security deposits instead. IFS provides consumers with a reduction of .00010 for every additional deposit that they make on their lease, up to a maximum of nine extra.
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