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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Lease Questions
3309 messages, Last post on Jul 08, 2008 at 7:19 PM
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Replying to: drjustin (Apr 25, 2008 4:19 pm) |
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I just got back from the dealership and left a deposit on a G35X. I have to put 1700 down, which includes first payment, bank fee's, some New york State fees, DMV ect.... I got a price of 500 with 12000 a year for 24 months. I got sunroof, no ipod, no navi, no tech package. ALso, I they are spliting the remeaning lease of my jeep with me at 405 a month for 8 months. So we are each paying for 4 months of that lease as i am just about over on milllage. What do you think? I got the blue with gray interior, they said i had to choose what they had left in stock. thanks in advance. |
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Replying to: drjustin (Apr 25, 2008 4:19 pm) When I am shopping for my lease, I don't really care if they want to mark up the money factor or charge me a large doc fee, AS LONG AS THE PAYMENT is where I want to be. For example, if Dealer 1 is offering me $485 a month with a car sale price of $32,000 and Dealer 2 is offering me $475 a month with a sale price of $35,000, I am going with the lower payment (assuming same drive off, miles, term, etc.) So, if you don't want to learn the math, do some quick research and determine what you would like to pay and don't worry about anything except the payment. Now, how do you determine what is a fair price ? Here is what I do... 1. Go to Edmonds and price your vehicle, you want to see the MSRP and Invoice Price. For this example I will use the G35 Sport with the Prem Pkg. MSRP is $35,865 and Invoice is $32,900. Here is a link to the web page I am referring to. http://www.edmunds.com/new/2008/infiniti/g35/100943790/optionsresults.html?actio- - n=2 2. Now you need the residual and money factors, which Dennis has posted in the past. See post #2742 of this thread, these are for Tier 1 or better, not sure if 673 credit is Tier 1 or not. On a 36 month, 15k miles per year lease the Residual is 58% and Money Factor is .00178. 3. Go to Edmunds lease calculator and plug in the numbers. http://www.edmunds.com/apps/calc/CalculatorController 1. Select Basic Lease. 2. Vehicle Sales Price = to Invoice 32,900 3. Input your tax (I am using 8% for this example) 4. Input your estimated title and Reg (I am using $600) or leave it blank and just expect to pay those in addition to your best deal. 5. Leave the next 4 blank. 6. Input 36 months 7. Residual value equals MSRP * Residual % (35,865 * .58 = 20801) 8. Input Money Factor. 9. Leave miles per year at 15,000 10. Acquisition fee of $595 11. Leave security deposit at zero. 12. Calculate 4. This gives you a payment of $515.84. So what does this mean? If you where to lease the car at invoice (I am not saying that invoice pricing is realistic or even the best deal in your area, just using it as a reference point) and include your license plates, registration and acquisition fee with ZERO money down and NO other dealer add on fees. IMHO, I don't care if they charge me a doc fee or not. If you start comparing anything other then monthly payments, it will get confusing. Your next step will be to e-mail several dealers to get price quotes. I usually e-mail 8-10 dealers (go out of state if necessary). To try and keep things on the same playing field with the quotes, I send them something like this... "I am interested in leasing a G35 Journey with Prem Pkg, 12k miles per year for 24 months with $1,000 drive off. Tier 1 credit. Open to any color except black" I suggest you include a color choice, or you will immediately get questions on what color you want. Often they will send you quotes not using your terms, for example with $4,000 drive off, or not including tax etc. Just reply and ask, what about with $1,000 drive off and including tax? If you follow this, you will only have to keep track of the terms they offer you (length of lease, miles per year, drive off amount and monthly payment). If all of these are the same, go for the lowest payment. Good luck!
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I just discovered this forum yesterday & the info was really helpful in shopping for a G37 Sport today. It was my first time in an Infiniti and I just LOVE the car. I like it better than the BMW 328 coupe I was also considering or the Saab Aero Convertible I currently have. I am curioius about the references to 0 down / up front, in such cases, how is the first month's payment handled? Is that rolled into the lease and if so, how is that calculated? Also, I am in NJ. Has anyone heard of adding sales tax to a 595 bank fee and a 249 doc fee when they are paid up front (minor I know, but just trying to understand all the little charges that add up.) I see a lot of these cars in the Central NJ dealer inventory - Is this typical for Infinitis? I would think there would be some great deals around. I have to wait about a month more to make mine, as my current lease runs through June - any thoughts on where lease factors will go w/in the next month?
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Replying to: bdab (Apr 26, 2008 9:06 pm) With money factors as low as they are these days, it makes a lot of sense to put zero down. I even had a deal where I was going to put zero down and the dealer was going to cut me a check for $1,300 to cover my remaining lease payments on my BMW. They were rolling in the $1,300 into my new lease so I was essentially borrowing the money, but at a very low interest rate. Just a reminder for those thinking of putting money down on your lease. If your new car gets stolen (and not recovered, or totaled in an accident) on the day you drive home your new G35, you will lose 100% of your down payment. The insurance company will take care of the rest of your lease payments, they will NOT reimburse you for your down payment. |
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Hi everyone here is the deal I just worked out on a G-37 MT-6 Black on Black, with premium, Nav, Tech, 4 wheel steering, splash cargo net and mats the car is loaded I think. MSRP 45045 Invoice 40934 Price of car 40934 Money factor .00194 Residual 72% Zero down (just start ups equal to 1600.00) 24 months 15K miles 6% Michigan tax Monthly payment = $526.36 Did I miss anything? Should I buy it at this deal or do you think May might bring better terms? Thanks so much for any input guys!! 
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Replying to: brian62 (Apr 26, 2008 7:46 am)  : You deal the price down on the car just like you are buying it. You want to be within $500 of invoice for the car, destination, and dealer doc or prep fee - less any customer cash (none right now). You make sure you get the lease buy rates - as published here and other places each month. You roll in the taxes, bank fee, tags, title, etc into the lease if you want to - or plan on paying them at signing. With whatever you want to finance added to your price, you plug the numbers into a lease calc, add taxes as needed, and you have your payment. Pretty simple this way. None of that "dealer a says $xxx with $qqqq down" and "dealer b says $yyy with $zzzz down" stuff. Much easier to just deal the price down and lease at the buy rate. If everyone would learn how their state and local taxes work and how much the local and state fees are, you can work your whole deal to the penny and instantly know if the dealer did it right or added something to it (those sneaky dealers). The goal is not to compare the offers from a couple of dealers, the goal is to lease your new G for the least possible amount. Dennis
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Replying to: dwynne (Apr 29, 2008 12:29 pm) I have been reading your posts for a while, very helpful. One thing I'm not very clear is when you said invoice, did you already include the destination charge? Usually the two are listed separately, for example invoice is $36000 and there is $715 for destination. Every dealer I talked did it this way: quote price first, then add destination on top of it. Your invoice seems to combine them together. If so, it means we should be able to get the car a couple hundred dollars below dealer’s invoice, after adding the destination charge, it will be in the range you specified ($500 over invoice). Is this true? Also I noticed most of your posts are for leasing. Do you think there will be any price difference between leasing and purchasing? Thanks a lot
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Replying to: ccc4 (Apr 29, 2008 1:44 pm) Get your quotes to include the car, destination, and any dealer doc or prep fee. Then when you compare quotes from various dealers you will be comparing apples to apples. Since many Infiniti dealers have high doc fees making sure that is included is a must. You should be around invoice (including dest) + $500 for the car, destination, and dealer fee less any customer cash (currently none). Leasing or buying should make no difference to the dealer at this time. AFAIK the cheap finance offer nor the current lease rates change the dealer's cost at all. Normally that only comes into play when there is dealer incentive money on the line, so they can (let us say) knock the price down $1k more OR give you a really cheap lease or loan - but not both. Dennis |
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I was offered a G35x, with premium and Nav (sticker is $39,725) for $526/month. The invoice is ~$36300. Bottom line, 15k/month for either 36 or 39 months (not sure which off the top of my head) with NO money out of pocket for $526 month. I think this is a really good deal but wanted to make sure
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