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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Lease Questions
3703 messages, Last post on Oct 07, 2008 at 4:53 PM
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Replying to: dwynne (Feb 22, 2008 9:38 am) What is the IFS published MF for 24 and 36 and 39 month lease. ??? What I do not understand is if I plug the numbers in to leaseguide.com calculator i get a payment of $ 520 which is what I was quoted. I used a MF of 0.00123 on the lease calculator. Does this mean that the dealer rate of 1.380 is the same as a MF of 0.00123. It seems the tax is collected upfront as part of the net cap. This is in Ohio. Thanks
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Replying to: intermd (Feb 22, 2008 6:46 am) When you said "cap cost" in your earlier post I assumed that was net cap cost so I did not add the $595 bank fee to that number. With that added the payment is $486.34 month. 6.5% tax on that payment would be $31.62 x 24 = $758.88 tax. If I roll that back into the lease the payment should be $518.90. So I don't get the same thing they do for tax or for payment. It looks like they are hiding $378 in your lease someplace. If I put in the car plus $595 bank fee plus $378 I get a net cap of $37,763 which results in a payment of $502.54. Tax on that payment would be $32.67 x 24 = $784.08 (looks like your number for tax). If I roll that back into the cap the new net cap is $38,547.08 and makes for a payment of $536.18 per month. That is higher than what they state the payment is. So I don't know. AFAIK, there is nothing different between the cars produces before and after the price increase - other than the MSRP and invoice numbers. IFS does not publish its rates, but the MF for the 24 month lease is 0.00123 . Some times dealers slide the decimal over to make it easier to say but in dealer speak I would assume 1.23 is the same as 0.00123 which is 2.952% effective finance rate. This is the "buy rate" (what the dealer pays) for top tier lessees. The dealer is allowed to mark this up for extra profit - and many do. Folks with below top tier credit could still qualify for a lease but the rate would be higher. Dennis |
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Replying to: intermd (Feb 22, 2008 12:29 pm) Using a net cap of $37,385.38 (car + $595 bank fee) and the jacked up rate I get a payment of $496.09. Tax on that payment x 24 would be $773.90. I roll that back in and the new cap is $38,159.28 which results in a payment of $529.41 which matches the payment you stated in your first posting. I would call them on the rate jack up and see if you can get the buy rate - or perhaps you didn't qualify for that rate (no offense intended). In the end, your deal is not that hot. You are paying nearly $720 more than invoice AND a $250 doc fee so your price is $970 over invoice and then your dealer is (it would seem) jacking up the lease MF for extra profit. To me, you need to be closer to $500 over invoice including the doc fee or certainly within $700 and you need to be getting the lease buy rate that you qualify for. Dennis |
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Dennis / Others: I just put in a deposit and submitted my credit application for the following: G35x, Premium, Cargo Net, Splash (in Blue Slate, Graphite Interior) MSRP: $37,575 Invoice: $34,444 Price Paid: $34,027 + Doc Fee of $289 = $34,316 NJ Sales Tax (7% on $34,027) = $2,382 NJ Tire Tax = $7.50 Registration / Title Fee (new plates) = $344 Total OTD = $37,049.39 Dennis / Other: I would love your comments on the deal. I also have the following questions. 1. After doing the deal, I found out that the car that was sold to me was priced on the old MSRP, which is $250 less. Was I right in not making a big deal out of it? 2. I was surprised by the amount charged for registration and title fee ($344). I was told that these were just pass through costs for dealership and they had to collect all those fees on behalf of DMV. Do you guys have any info about this? 3. I will find out about my credit application in a couple of days. I was told that I should qualify for the 1.9%/2.9% APR based on my credit score. Is there anything to lookout for or concerned about there? 4. What should I focus on when I go pick up my car next week? Dennis: Your insights were invaluable for me while negotiating this deal. Thanks for providing the leadership on this board. Kindly provide my with your reaction / feedback. Regards, Adam |
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Replying to: adam27 (Feb 23, 2008 6:51 pm) 2. I don't live in NJ but I believe the title fee is about correct b/c you get 4 years registration in NJ for a new car (no inspection for 4 years also). 3. I think to get 1.9%APR, your credit score needs to be above 700? 4. Just the usual and enjoy your car 
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Replying to: gooddeal2 (Feb 23, 2008 7:41 pm) Also I am seeing the MF at .00144 (3.45%) 24M and .00167 (4.11%) 36M Is this accurate as I see here 1.9?
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I live in PA and have a price of $499/month for a 39 month lease on a G35X with the premium and wood packages. The inception fee is $1152. Does this seem like a good deal?
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I am in the process of leasing a G35 Journey w/Premium, Nav, Sport and Tech packages. One of the dealers I am working with has the color I want with the following additional items: spoiler and of course the splash guards, trunk mat and cargo net. The MSRP is $41,275 with an invoice of $37,511. However, the MSRP for residual analysis will be 41,025 due to the POI itmes. Spoiler is a don't care but for the right deal it would be fine. Currently they are offering the vehicle at $482 above invoice with their dealer processing fee figured in and have offered the actual buy rates on the MF. I believe I can get them down closer to invoice but may still be $250 over. The question is what the March MF rates will look like as if I run the vehicle at invoice with the January MF rates I would actually have paid more over the 3 year lease than taking their current offer with the February MF rates. I am coming off an Acura TL lease which ends in March and the longer their vehicle sits on the lot the better deal I can get assuming MF does not increase. Any guidance would be appreciated.
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Can anyone comment of whether they think this lease is a good deal or not? 2008 G35 Sedan, Prem Package, Nav Package, 12K Miles a year, 3K down, 36 months - $393 a month? Thanks
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Replying to: adam27 (Feb 23, 2008 6:51 pm) 2) Must be a NJ thing. 3) With IFS Tier 0 is 740 and up and tier 1 is 700 and up, AFAIK the cheap money requires you to just be in the top 2 tiers - so 700 and up should do it. They probably use an "auto enhanced" number which gives more weight to car credit than normal. 4) Make sure nothing is wrong with it - scratches, etc. Be sure that you get the deal done before the cheap money expires (shows 3/31/08 online). Nice price, by the way. Dennis |
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