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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Lease Questions
3301 messages, Last post on Jul 04, 2008 at 7:06 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Made the following deal today via internet/phone with JBA Infiniti, Ellicott City, MD, outside of Baltimore. 2008 G35x, Premium, Sport, Splash Guards, and Cargo Net MSRP $38625 (pre-MSRP increase). I am assuming that invoice price is $250 less than current amount due to Pre increase car, so I have figured invoice to be about $35,142. I ignored their first internet quote because it came in really low, with note that it was plus tax and processing, so I thought they were game players. I'm glad I followed up, because once I established that I was educated on leasing in general and the programs on this car, they were very straight forward. For whatever reason they apply the rebate to the money due at drive-off, which cost me a little in sales tax, but I am pleased with the deal, so I didn't complain. So the numbers (39 month/15k): Selling price (including $100 processing fee, not incl. rebate) $35078 Selling Price including $595 Acq. fee $35,673 Residual (59%) $22,670.75 Money Factor (after max 9 MSD : .00182 - .0009) .00092 (2.21%) Base Monthly Payment $387.07 PA 9% lease tax $34.84 Total Monthly payment $421.91 Due at signing: 9 (Refundable) Multiple Security Deposits (  $450 each) $4050 First Month Payment $421.91 License Fees (MD Temp tag, PA title fees, license, etc) $246.50 Subtotal $4718.41 Less: Rebate ($500) Total Due $4218.41 The one way rental car is in the driveway (I live about 200 miles from dealership; closest is 115 miles away in Pittsburgh where there is no competition and no deals to be had - I tried). I'm picking up tomorrow, so I will post if there are any last minute surprises. I appreciate the risk associated with the MSD program, but it lowers my payment $56 pre month, or about $2200 across the course of the lease. This is about a 16% return, according to my calculations (Save $656 per year for tying up $4050). I think this is worth the risk - I live in a rural area where car theft is not a huge issue, and hopefully I can avoid a severe accident that would total the car. Thank you to everyone for the helpful posts, especially to Dennis and the wealth of knowledge he shares. I loved the car when I drove it, and I'm sure it will be a good ride. I settled on red because I thought it was pretty sharp, particularly with the sport package (which adds a lot to the appearance of the car, in my opinion.), although red does not appear to be a very popular color, by the number on the lots of the various dealers Again, so long as there are no last minute surprises, I highly endorse JBA Infiniti. We were dealing on a silver car on their lot, and when I said I preferred red, they agreed to go about 120 miles to get the car I wanted based on the same numbers. Although I have been asking many questions to clarify/check their numbers, they have been very patient. Good luck to others in their deals. It appears the DC/Baltimore market is very competitive on price. Brian
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Here it is Carman, 80270 Platinum Graphite / Stone Trunk Cargo Net Premium Package Sport Package Trunk Mat with Logo Navigation Package $39,375 498.00+tax 0 down. I am completing a 2 year lease with Infiniti so I get the 500 incentive. Still not sure if this is good. Feedback wanted. Thanks |
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Replying to: matrix77ny (Mar 07, 2008 5:46 pm) gmail.com
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Still must decide between three DIFFERENT 2008 cars -- all that I like Lexus GS350, Cadillac CTS (with blue tooth added, giving me separate screen), or Infiniti G35. Then, must decide whether to buy or lease. Incidentally, Lexus has best mileage, but Cadillac uses regular gas. I currently have BMW 530i expiring lease which, with Edmunds help, I had leased for net MF, and much less, with multiple security deposits. Anyway, for GS350, G35, and CTS, could you please provide: (1) Target deal relative to invoice+destination (and any rebate) (2) If buy, available finance rates (3) If lease, money factor or interest for 24mo, 36 mo for 12K, 15K annually Any better MF or interest rate for multiple security deposits? Thank you for this information. I'll also put on other forums, in case you guys see that first. Thank you! |
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Replying to: dwynne (Mar 20, 2008 7:50 am) Here are the lease numbers on the G35; The 36 month and the 39 month lease are about the same. That being said the M.S.R.P would be $35,925.00, the VPP price would be $33,278.28 plus $200.00 for window tint and wheel locks that is on this particular car. The residual would be 61% on 36 months versus 60% on a 39 month term. To get you to a monthly payment of $402.94 per month would require a down payment of 2,160.86 minus the $500.00 Conquest money from Infiniti; thus your net amount down would be $1,660.86. Your first month’s payment of $402.94 plus your license, state inspection and registration fees are all included in your $1,660.86 down. The money factor on 36 months is.00178 as opposed to the 39 month rate of 0.00200. The monthly payment on the 39 month lease will be $400.00 per month with the same down payment as the 36 month term. Everything else on the 39 month lease, other than the residual will be the same as the 36 month lease. The residual on 39 months is 60%
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I've been looking to lease a G37 coupe to replace a non-Infiniti leased car when my lease expires in June. Given current incentives and state of the auto market, any reason I should consider accelerating the process to try to make a deal this month? End of quarter seems like good timing but it would be in June when my lease terminates. I see waiting as an advantage as it would make the deal less complicated w/o a car to trade and lease to terminate early but if it means losing out on a strong lease money rate or cash back it might change my thinking. Any thoughts from the experts here? M
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Hello all! I was quoted the following on a G37 with Premium, Nav, Splash Guards, and Trunk Mat. MSRP of $42,285, Invoice of $38,550, using a residual of 76%(12k miles), MF of .00209 (not .00195, like I saw posted here), for 24 months. The tax rate here in TN is 7%, and the selling price was quoted as $39,350 ($800 over invoice which includes Tax, Title, and fees). With $628 down, the monthly payment would be $511. First, does this seem like a good price? Second, using the http://www.edmunds.com/apps/calc/CalculatorController?pmtcalAction=lease_calc lease calculator, I keep getting a payment of $572, http://www.leasewizard.com/calculator/calcie.cfm?id=105&CFID=69759427&CFTOKEN=13- 139575 gives me $453 - what am I doing wrong? I wasn't sure where the $800 in fees and the $628 down were supposed to plug in. Thanks for any help! P.S. The salesman at the dealership remembered you, DWynne 
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Hi I have been given an offer from Infiniti in Santa Monica. CA at invoice Plus the 500 rebate. For a 12K Miles 36 month lease with credit somewhat good what kind of Payments am I looking at. I would like for a 1500 Drive Off Black Obsidian Premium Package Infiniti Navigation Package Wood Trim Package Trunk Cargo Net Total with Options MSRP $38,175 Selling Price $34,866 - 500 rebate Blue Slate Premium Package Infiniti Navigation Package Wood Trim Package Painted Splash Guards Trunk Cargo Net Total with Options MSRP $38,325 Selling Price $34,980 - 500 rebate |
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Replying to: duson (Mar 22, 2008 3:47 pm) First, I find it easier to just use a spreadsheet to calculate the payment. Do you have access to any software that has a spreadsheet? =((B3-B4) / B7) + ((B3+B4) * B9) is the formula for a lease payment where B3 = your price (net cap cost), B4 = residual, B7 = term in months and B9 = the money factor. If I just plug in your selling price, residual, term, and MF I come up with $449.97 per month w/o tax and $481.46 per month with 7% sales tax. That is without figuring in the $595 bank fee or the $80 or so in local taxes or any tag fees. It looks like your amount due at signing may include the first month and local taxes and tags, so if I roll the $595 into the lease calc I get $509.32 per month including tax - so pretty close to what the dealer figures. You can get this same number from the leasewizard calculator (from your link) if you raise the selling price of the car by $595 to account for the bank fee and make the down payment $0. You are not paying anything "down" to lower the price of the car, you are paying first month and TTL type stuff. If you do that, their number is the same as mine. If the lease buy rate IS 0.00195 and the dealer is marking it up for extra profit, you could save $10.80 per month (including tax) and $259.13 over the life of the lease if you paid the buy rate. Feel free to contact me directly if you need to, my e-mail address is in my profile. Dennis |
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Hi guys, i just got this offer from my local dealership. I dont know if it is good or not, any advice would be highly appreciated. Okay, The MSRP for 2008 G37,6MT, Black/Graphite, premium package, navigation package and illuminated kick plates is $42,575. The offer we can give you is $39,130.19 for a savings of $3444.81. I based $5,000 down on both lease and finance: $5,000 down, lease at 42 months, 15k miles per year=$392.00 plus tax per month(I'm thinking Seattle is 9.1%=$426.00 $5,000 down, finance 2.9% at 60 months, $682.00 per month. Your bank might be able to offer you a really low interest rate at 72 or 84 months if you choose to lower your payment and extend your term. if you come down here, I'll give you your choice of all-weather Infiniti floor mats ($100.00 value)or a coupon book with 2 free oil changes and discounts off detail services, parts, etc.. is this a good deal? ok deal? bad deal? THANKS GUYS And o yeah, should i opt for the tech package (what should i expect from that? Do i really need it?)
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