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Infiniti G35 G37 Lease Questions

3301 messages,  Last post on Jul 04, 2008 at 7:06 PM

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

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#1884 of 3301 Re: my offer [paulpoteat] by scottm123 Sep 04, 2007 (5:15 am)
Replying to: paulpoteat (Sep 03, 2007 9:40 am) If that's all dealer installed, 1K is a bargain. My dealer wants $700 just for the car starter. It requires the purchase of an additional keyfob which gets installed in the dash. Your existing keyfob starts the car, with the use of the lock button being hit twice. The lock button has a remarkable range, so that may work for you. The alarm, I agree... eh. I actually want an alarm, but not the 'pos' the dealer installs. I'd want something with GPS and they beep/txt message you if the car is moved or fondled in any way.   Tint, my dealer won't do. They're in RI where it's not legal. I'd only allow tint after knowing exactly what materials are being used, who's doing the install, and how it's being done.   That package for 1K is a good deal. You just need to decide if you want it.
#1885 of 3301 Re: Done Deallllll [taltek] by sprinkler13 Sep 04, 2007 (1:56 pm)
Replying to: taltek (Sep 01, 2007 5:30 pm) From what I can tell on that other lease there is about a $1200 cap reduction, so his sell price is actually more like $600 or so over invoice...which isn't as good as VPP. Also, he only needs 10k miles per year so that helps lower the price as well. If he were to not pay the cap cost up front, the payment would go up about $36/month (these are all rough numbers). Also, I don't think that his monthly payment included tax...but I can't say for sure. I just plugged in his numbers and got a pre-tax payment of $450/mo. I hope this helps.
#1886 of 3301 Re: my offer [paulpoteat] by sprinkler13 Sep 04, 2007 (2:03 pm)
Replying to: paulpoteat (Sep 03, 2007 9:40 am) My question is if you only put down a $1095 cap reduction, how did they come to $3940 for a down payment? Typically, the cost for 1st month, registration, BANK fee, up front tax, doc fee, etc. should be around $1500 or so. Now lets say you add $1100 cap reduction that's still only $2600...where is the other $1300 going? Did you have to pay the total tax upfront (for the full 39 months)? or just the first month's tax? Also, if you were getting so much back for your trade in and were prepared to put it as a down payment...did you ever consider putting down multiple security deposits? It is a good way to lower the money factor and the deposit is fully refundable at lease end. Replies to this message: paulpoteat (Sep 04, 2007 5:19 pm)
#1887 of 3301 Re: my offer [sprinkler13] by paulpoteat Sep 04, 2007 (5:19 pm)
Replying to: sprinkler13 (Sep 04, 2007 2:03 pm) On top of the $1095 cap reduction I paid everything else up front (including total tax).   As for the down payment... 1) I said I "hoped" to pocket 7k...I haven't sold it yet. I need it until I take delivery. 2) NY, from what I think I read on this board, doesn't allow multiple security deposits   Anyone want to by a used Altima on Long Island
#1888 of 3301 So does anyone have an opinion on my deal? by g35flooded Sep 05, 2007 (6:37 am)
24 MONTH LEASE (10,000 MILES) 2700 DUE AT SIGNING (FEES,CAP, TAXES AND FIRST MONTH PAYMENT) MSRP -37,465 INVOICE - 34,528 SELLING PRICE - 33,898 NY SALES TAX - 8.375 RESIDUAL - (BOOK) 67% (NET) 68% MONEY FACTOR - .00169 MONTHLY PAYMENT - $450.00   This is for the G35 SEDAN AWD WITH PREM. PACKAGE.   I finally got the car yesterday and I asked for sirus and got XM... Not to happy about that but they said they will switch it out when the time is good for me. They said they will actually come to my house and pick it up, replace the sat. radio then drop it back off which is fine. Still an inconvienence though. I asked for the wheel locks as compensation and they said that would be fine. Also when I got home I noticed there wasn't an instruction manual in the car... Gonna have to ask for one when they swap out the stereo.   As for the car itself I LOVE IT!! I'm kind of regreting not getting into a 39 month lease becasue it would have been a lil cheaper monthly but the res. was higher so if I choose to buy it I would have paid more at the end of the lease. I'll probably just extend it the 6 months and debate if it's worth buying out or not. The buy out is somewhere in the $24's (i dont have the paperwork in front of me) and i calculated that and my payments for 2 years plus the tax and it all comes out to $41,000 which is way more than the selling price of the car.   Overall I am very happy with the way the car handles and drives. And the power is amazing. I'm coming from a 03 g35 coupe and I feel a tremendous difference. The way the car "grips" the road on turns is really impressive. The only thing I miss is the loud engine but those days are behind me now.   And I love the system and the bluetooth!!! Def. worth the $15 a month difference. You were def. right Dennis! Replies to this message: Car_man (Sep 06, 2007 3:26 am) g35flooded (Sep 06, 2007 6:52 am) sprinkler13 (Sep 06, 2007 12:03 pm)
#1889 of 3301 G37 lease - Is this a good deal. Can't find topic by choosinu Sep 05, 2007 (12:44 pm)
Please see terms from dealer in So Ca.   Cap Cost Reduction: $2,025.59 Documentation Fee: $45.00 Sales Tax 8.250% $167.11 1st Month Payment: $455.55 License Fees: $298.00 Government Fees: $8.75 TOTAL DRIVE OFF: $3,000.00 CASH DUE ON DELIVERY: $3,000.00   Value of Vehicle + AMO's: $35,807.00 Gross Cap Cost: $36,402.00 Cap Cost Reduction: $2,025.59 Adj. Cap Cost: $34,376.41 Residual: $27,824.90 Depreciation: $6,551.51 Rent: $2,285.85 TOTAL OF BASE PAYMENTS: $8,837.36 # of Pmts: 21 Base Pmt: $420.83 Monthly Tax 8.250% $34.72 TOTAL PAYMENT: $455.55 Vehicle Price: $35,807.00 Acquisition Fee: $595.00 GROSS CAPITALIZED COST: $36,402.00 AFTER MARKET OPTIONS TOTAL TAXABLE: $0.00 TOTAL NON TAXABLE: $0.00 GOVERNMENT FEES Replies to this message: delta737h (Sep 05, 2007 3:01 pm) Car_man (Sep 06, 2007 3:34 am)
#1890 of 3301 Re: G37 lease - Is this a good deal. Can't find topic [choosinu] by delta737h Sep 05, 2007 (3:01 pm)
Replying to: choosinu (Sep 05, 2007 12:44 pm) Marianne,   Can't really say whether or not you have a good deal. Looks as though you may have paid close to MSRP which may or may not be bad depending upon supply/demand considerations in So. Cal. Edmunds lists the TMV = MSRP for both the Journey and Sport models.   The info you provided is great which you likely got from the lease contract. However, there is still some info missing...   G37 what??? Journey??? Sport??? The Journey's MSRP is about 35,700 and the Sport's is around 36,300. The Base model is even less.   MSRP?   Money Factor? I computed 0.00175. If so, is this the buy rate (i.e., without reserves)? Reserves is what the fund provider pays the dealer as an incentive to write the lease at a higher rate. For instance, a reserve level of 1% means that the fund provider pays the dealer 1% of the adjusted cap excluding the acquisition fee. In your case, that would be 1% x 35,807 = 358.07 IF the reserve level was indeed 1%. The buy rate or base rate is that rate with a 0% reserve level and is, therefore, the lowest and best rate that you can get from a particular fund provider.   What does AMO mean???   And, why would you put money down on a depreciating asset? If you total this car (God forbid), it's not very likely that you'll recover all of your $2,025.59 cap reduction. A money factor of 0.00175 equates to an interest rate of about 4.2%. Seems to me that you would have been much better off banking that money and using it to subsidize your lease payment if necessary.   John
#1891 of 3301 Dissapointed in the Numbers by ivanl3 Sep 05, 2007 (9:07 pm)
I am disappointed that it does not appear that I can keep a monthly lease payment below $500 (w/out putting money down) on the Infiniti I want to lease. Below are the details:   2007 G35X w/ Sirius, Splash Guards, & Premium Package (and of course destination charge).   MSRP $37,255 Invoice $34,157   Sale Price = $34,657   39 mo lease (or woud do 48 mos if it was a better deal), 15K Miles per year, no cap reduction   MF = 0.00193 (0.00252 on 48 mos)   Redidual = 55% (46% on 48 mos)   $0 Disposition Fee $0 Security Deposit $595 Acquisition Fee (paid up front) $93.50 in tags (paid up front)   My monthly payment in pa (%9 sales on leases) comes to $511.96 (39 mos) or $540.11 (48 mos)   Disappointing. Am I missing something? I really thought I could lease this vehicle for under $500. Replies to this message: Car_man (Sep 06, 2007 3:40 am) ivanl3 (Sep 06, 2007 4:31 am) sprinkler13 (Sep 06, 2007 11:59 am)
#1892 of 3301 Re: G35X Sedan [painfinity] by Car_man HOST Sep 06, 2007 (2:30 am)
Replying to: painfinity (Aug 23, 2007 3:09 am) Congratulations on getting your new G35, painfinity. Thanks for taking the time to share the details of your lease with everyone. Make sure to share your thoughts on your recent dealer experience with others by stopping by the new Dealer Ratings & Reviews section of Edmunds.com. Enjoy your new ride .   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1893 of 3301 Re: Is this a good deal? G35 Sedan [prama] by Car_man HOST Sep 06, 2007 (2:48 am)
Replying to: prama (Aug 23, 2007 10:30 am) Hi prama. If you haven't finalized your lease yet, you may find this information on Infiniti's new September lease program helpful. Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2007 G35 Journey Sedan with 15,000 miles per year are .00213 and 55%, respectively. 15,000 miles per year is the highest mileage allowance that IFS publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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