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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Lease Questions
3698 messages, Last post on Oct 06, 2008 at 8:14 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: mickylong (Mar 22, 2008 7:29 am)
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Awesome information on here, has really helped. Anyone have an opinion on the following lease I have worked out? G35X Premium Package, Navigation, mud guards MSRP: $39,665 Base Cap Cost: $35,751 = (Invoice of $36,251 - $500 Infiniti conquest cash) Costs added to lease: $2881 = $595 acquisition fee + 1587 tax (In VA so tax on whole thing) + 595 title, doc fees, etc. Adjusted Cap: $38,632 Residual: $28,162 Money Factor: .00144 Term: 24 months  12K miles a year Monthly Payment $532.43 with only first payment at signing.
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Replying to: inominado (Mar 24, 2008 12:54 am) Hope i was Helpful.. 
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Replying to: infinitisteff (Mar 24, 2008 9:51 am) For a sedan lessee there is the $500 conquest cash / loyalty cash. For both sedan the coupe lessees the current payments work out to the lowest they have been since I started tracking them last June. Sure, they could be even better later - but for folks who want to lease a G now is a really good time to be doing it. Dennis |
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Replying to: marshallcpa (Mar 20, 2008 7:24 pm) At any rate, when I picked up the car on Friday, the dealer had a post-msrp car that they had obtained from another dealer. Nonetheless, they honored the prior deal we made on the lower priced car, and also agreed that they had double charged me the processing fee. As a result, my final numbers were a gross cap cost including $100 processing fee, excluding acq. fee of $35,078. I wrote a check for $4118.41 ($100 less than indicated in prior post for double charge on processing fee), of which $4050 is a refundable Security Deposit under the MSD program. Final monthly payments are $422, including PA 9% lease tax. Incidentally, I read the language in the lease contract to say that, as long as I honor my obligations under the lease (make payments, keep vehicle properly insured, etc.), the multiple security deposits are refundable in the event of the theft of the car or if the car is totaled. The lease language says that they will accept the insurance company payment as a final payoff. This was also what the finance guy said at the dealership, for what it is worth (probably nothing). I had a very positive experience at JBA Infiniti in Ellicott City, MD, outside of Baltimore. Salesman said they are looking to make some deals this month, and get their new car sales up for the month. I highly recommend that anybody in the DC/Baltimore, or even Philadelphia of New Jersey market contact them. As I said previously, I ignored their quote at first because it came in quite low with a caveat that freight and processing fee were additional, so I thought they were looking to play games with the numbers, and in particular, mark up the financing. I established that I knew how leasing worked, and confirmed that they would use standard money factors, etc. in a lease, and they were very easy to work with, and even acknowledged that I was being double charged the processing fee when called on it. Brian |
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Replying to: leo72 (Mar 18, 2008 4:33 pm) -Chuck |
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