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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Lease Questions
3620 messages, Last post on Sep 04, 2008 at 9:11 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Just wanted to thank the forum members and especially Dennis for all the great help as I signed the papers today on my new G35. Found a January model pre MSRP increase, Black Obsidian w/Graphite interior, premium, navigation, sport, tech, spoiler and of course splash guards, trunk mat and cargo net. MSRP $41,025 Net Cap Cost $38,000 (w/dealer prep & bank fee) 36 month/15K miles MF .00178 (March rate) Residual 60%, $24,615 (March rate) Payment w/tax $514.67 (6.5%) MSD (5) $2,750 Adj. Payment $488 Cash at Signing $3,406.32 When I went to review the numbers the total cap cost showed $38,500 with a $500 cap cost reduction. Before I could make the comment about the numbers being wrong he showed me a section with a $500 rebate which brought my cash at signing back in line. The only difference was I had to pay 6.5% tax ($32.50) on the cap cost reduction. However, since he was able to use the March rates and I had agreed on a deal Friday using February numbers it dropped by adjusted payment to $488.00 versus $492.24. The net affect was a $120 savings over the life of the lease so I did not have an issue with the deal. The point of my long winded explanation is that there may be some support dollars out there from Infiniti to the dealers. Not sure but thought it was worth mentioning. Worked with Atlantic Infiniti in Jacksonville and they had the same vehicle available in Liquid Platinum just without the spoiler. Thanks again for all the help, now I just need to find the time to learn all the features on my new toy. |
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Replying to: Car_man (Feb 29, 2008 4:42 am) Is the residual at 71% valid for 24 months and 12K. What should the Docs, registration etc be for Northern NJ? Thanks for your help.
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I also want to thank everyone who has shared information and advice on this site. Thanks to you, I discovered the new March lease program information as well as how low some dealers were willing to go on the sales price. So, at the last minute, I was able to buy the car I really wanted, the G35, instead of my (much cheaper) backup choice, the Acura TL. Somewhat to my amazement, I found a dealer willing to sell the G35 slightly below invoice on Friday evening, 2/29. Here's the deal I got at Costa Mesa Infiniti (CA) on a 2008 Black/Ebony G35 Journey with Navigation, Premium package, splash guards, and cargo net: MSRP: $37665 Invoice price: $34432 Selling price: $34263 + document fee ($45) = $34,308 24 months, 12,000 miles per year (payment was only $2.00/month more for 36 months, but I preferred 24 months) Total out-of-pocket: $1,384.80 (1st month's payment of $451.94, acquisition fee of $595.00, and some type of "tax" ($46.11), license fee ($288), and tire assesment fee ($8.75) Residual value: 70% Money factor: 0.00144 Payment: $419.41 + 7.75% CA sales tax = $451.94 I'm loving the car so far. Best of luck to the rest of you who are in the market.
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Replying to: dwynne (Mar 01, 2008 2:58 pm) Do you have March rates and residual for 24 months. Thanks, V
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Replying to: mrv1 (Mar 02, 2008 7:01 pm) Just kidding, I posted what I have. If I get more, I will post those too. Dennis |
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Replying to: sdjdguy (Mar 02, 2008 11:29 am) I just plugged your numbers into my lease calculator as: Car Price - $34,308 Fees and Charges - $938 Gross Cap Cost - $35,246 Cap Cost Redusctions - $1384 Adjusted Cap Cost - $33,862 Residual Value - $26,665 Money Factor - 0.00144 Lease Term - 24 Months Base Monthly Payment - $387.03 Sales Tax Rate (CA) 7.75% Monthly Payment - $417.02 Am I wrong somewhere?
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I'm looking into leasing a G35 Sedan and I have a 2000 Mustang with a Kelly Blue Book trade in value of about 4500. I'd like to put only the first month payment and fees but was wondering what the standard practice is for getting back the difference from my trade in. Can I expect the dealer to write me a check for the difference? Do they like to do that sort of thing or am I just better off trying to sell it on my own where I may be able to make a few more bucks? I just prefer the hassle of having to sell it on my own. Thanks Much Danny
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Replying to: nycjoker (Feb 29, 2008 6:33 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: condott9 (Feb 29, 2008 8:10 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: hpgator (Feb 29, 2008 8:55 pm) What you have read about not making down payments on leases is correct. Consumers who make large capitalized cost reductions on leased vehicle risk losing them if their vehicle is totaled in an accident or stolen and never recovered. You definitely would be better off not putting any money down on your lease. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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