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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Lease Questions
3624 messages, Last post on Sep 06, 2008 at 4:30 AM
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Replying to: dwynne (Oct 04, 2007 8:02 am)  . I live in Scottsdale AZ (go DBacks) and we have four dealers in the area. Three are owned by the same Corp. I just made an offer on a 07 coupe Black with Navi,Prem. Sport. Aero, and sat. radio for $1200 down and $360/month out the door for 24 months. So far No response thru(email). I've been watching the dealers inventory and have noticed that the coupes have'nt moved very well in September. When I leased my current coupe it was in October as well hoping too score again. FYI when checking Inventories at all four dealers the 08 G37's which they are asking MSRP for are also not moving. could it be a sign??? 
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Replying to: legendsgolfer (Oct 03, 2007 10:05 pm) |
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They are not good, if fact they are terrible. A dealer told me today that Infiniti has just 20 days supply of new G sedans on the ground nationwide - so they have no incentive offer a good lease deal (clearly). 24 Months: 0.00285 65% 36 Months: 0.00285 53% 39 Months: 0.00285 52% 48 Months: 0.00285 43% These are for 15k per year leases, 12k per year would be 1% higher on the residual, 10k per year leases would be 2% higher on the residual - except they do not offer 10k per year on the 24 month lease. Again, this is for the sport 6mt sedan. The numbers for the base and journey auto are also bad, but just not as bad. I don't have the exact numbers but the residuals are a few points higher and the MF is 0.00249, I think. Not great but better than these numbers. In contrast, back in June you could get an 07 6mt sedan for the same residual and 0.00181 MF. Just last month - at the very end of the 07 sedan model year - the residual was the same and the MF was 0.00191. You can get a better rate (0.00215, I think) and a similar residual through US Bank. Clearly, now is NOT the time to lease an 08 G - either the sedan or the new G37 coupe. Dennis |
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Recently, my wife and I moved from the State of New York to Florida with our 2007 Lexus RX400h on lease and I have a unfortunate situation that I'd like some advice on. When we leased our car in NY the full tax payment (8.375%) was added to the capitalized cost of the vehicle. When we moved to Florida, Lexus then took the monthly payment and added the FL sales tax even though we'd been in NY with the car for more than 6 months. Since Florida charges tax monthly as opposed to upfront, our monthly lease payment went up by $42. Last month, I sent a letter with copies of our lease agreement, proof of residency in FL to the NY Dept. of Taxation and Finance asking for a rebate of $1,573.23 from the full tax paid of $1,826.98. This represents the amount of time left on the lease that we won't be registered in the State of New York. Today, they denied my rebate claim. However, upon moving to Florida, Lexus told me to contact NY state for a refund of the taxes paid at origination. Help, I'm now paying double tax on a car and this doesn't seem fair. I brought the car into FL after 6 months, which is the minimum time for paying tax on a purchase/lease. How should I proceed? Thanks, Ethan FYI, the reply from the State of NY specifically stated that "there is no provision in the NY State sales and use tax law to allow for a refund of sales tax paid on the lease of a vehicle where the lessee relocates to another state where they may also be required to pay tax."
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Replying to: eshapir (Oct 05, 2007 9:49 am)  . It is known that no state that collects lease tax up front is willing to return the tax if you leave the state - so I am not surprised by NY's position on that. The answer to your question is that Florida CAN (but may not) give tax credit to you for paying the tax to another state - up to the amount you paid if less that the FL tax. So "in theory" if you paid $2,000 in tax to NY and the total tax due on your payments in FL is $2,500 you would still owe FL $500 because they would give you credit for the $2,000 you paid NY. However they "clarified" the law in 2003: Florida taxability of leased vehicle. A Technical Assistance Advisement has been issued by the Florida Department of Revenue regarding the sales tax of a motor vehicle leased in New Jersey and its correlating taxability in Florida. Under Florida law, a tax is not due in Florida if the vehicle is used outside of Florida and the owner pays taxes on the lease payments in that state. A tax is also not due in Florida if a like tax of equal or greater value to that of Florida is paid in another state. Conclusively, the New Jersey tax is lawfully imposed on the lessor and not on the lessee, disallowing Florida to receive any credit. (Florida Department of Revenue, Technical Assistance Advisement, No. 03A-007, February 7, 2003) (0603) The actual lookup on the FL page is here: Click on me and the summary says: QUESTION: Should sales tax be imposed on a motor vehicle lease, when the vehicle was leased in New Jersey and later brought into and registered in Florida? ANSWER - Based on Facts Below: Yes. Section 212.05(1)(c)2., F.S., provides that no tax is due if a taxpayer documents use of a vehicle outside Florida and tax is or was paid on the lease payments in another state. Section 212.06(7), F.S., provides that tax does not apply if a like tax equal to or greater than Florida tax has been lawfully imposed and paid in another state. However, under New Jersey law, tax on the lease of a motor vehicle is lawfully imposed on the lessor, not the lessee. The lessor may choose to collect the tax from the lessee, but is not required to do so. The Department's position, therefore, is that credit cannot be given for any tax paid by the lessee on the lease. So the key is: does NY tax the lessee (you) or the lessor (the lease bank). If they do as NJ does, they you are out of luck. If they do as most other states do, then you could apply for relief from the tax under 212.05(1)(c)2., F.S. . It appears that NY does tax the lessee, so you should be able to get out of the extra tax. See this link: Click me too! on the FL law web page which even includes an example of someone who leases a car in NY and moves to FL. So contact the lease bank and/or FL tax folks and see if you can get out of the tax - it would appear that you can. Dennis |
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Replying to: dwynne (Oct 05, 2007 9:08 am) I shall wait this out.
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Replying to: phantom5 (Oct 05, 2007 4:46 pm) If he had gotten the car he said he could get in June or could have ordered me an 07 and got it in before this month it would have saved me $60+ a month. No way am I taking the car now with the low residual and high MF. Lucky for me I have no deposit and no obligation to take if if the numbers are bad - and they are. He is trying to steer me to a 3rd party lease and the MF is a bit better but the residual is even worse so the net is little savings over IFS. I will wait until IFS is motivated to move cars again or I will get nothing or something else. I have other cars and bikes to drive and ride and I refuse to over pay. Dennis
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Replying to: dwynne (Oct 05, 2007 5:30 pm) |
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Replying to: phantom5 (Oct 05, 2007 4:46 pm) Well actually my wife somehow manages to dismiss them in a way that keeps them calling back and lowering the price. Our 07' quote is above, I'm opposed to a year old car at this point, but our 08' quote is roughly $50-60 per month higher. Any thoughts from the group on the dealers offer a few posts up? |
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Replying to: mvs1 (Oct 04, 2007 3:56 pm) What is the selling price? What is the residual and money factor on the lease? The nitrogen fill is sort of a joke. Yes it "works" better than air but no way is it worth much and the problem is how are you going to add more if needed? Drive all the way back to the dealer or hunt around for a local shop that will charge you to pump it up 1 psi? You can get a tank and maybe the nitrogen generators will get cheap enough so we can afford them at home, but I would rather check my pressures often and adjust as needed at home. I don't care much for winter mats, but you may like them. The oil change is not worth $50, even the local quick lube place do not charge nearly that much but I am sure the stealer does. You will not get $200 worth in a year either, I would bet they will change it at the interval the Infiniti recommends and not every 3 months, 3k miles, which should be every 7,500 miles - or not even twice per year on a 12k mile per year lease. I think almost every Infiniti dealer does the free loaner cars and they do not require you have purchased the car from them. If they pick up your car on a flat bed and bring it back on one, that would be nice. I good and free wash is always a nice thing, but they may do that even if you don't buy a car from them - my BMW dealer used to do that as well and gave me free loaners including Z3 or Z4 roadsters on warm and sunny days. So the sum of the extra and freebies is not much, so I would not let that even enter into the thoughts on the deal. Just get the selling price, the amount of any dealer fees, and the lease numbers and we can see how that looks. Dennis
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