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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

What is this discussion about? Infiniti G35, Infiniti G37, Car Leasing, Coupe, Sedan


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#2877 of 3698
Re: "Flipping" a leased G35x [nick81] by dwynne
May 05, 2008 (7:08 pm)
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Replying to: nick81 (May 05, 2008 3:58 pm)

In most states title on a leased vehicle can only pass to a licensed car dealer or the lessee (you). In most states to get the title in your name tax will be due. In one state I know of (CA) you can get a tax refund if you sell the car within xx days or purchase. but in all others you just have to pay the tax.
 
Here, it would be 7% so your $21,500 cream puff would cost you $23,005 and would wipe out any profit you thought was there. That said, if you are going to buy your next car and not lease, then in most states you get a tax credit for the trade - but you are not likely to get $23,005 trade in.
 
Carmax has greatly inflated prices and only they can get those kind of numbers. If you took your car in to sell it to them they might offer $21k or something.
 
You DO have another option besides turn it in or buy it, you can sell it to a car dealer if they will give you more than the buy out price. Say you took it to Carmax, Driver's Way, and the Infiniti dealer and one of them would go $22k on it. Then you could sell it to them and pocket the $500 profit and no tax would be due.
 
The final option is to sell your car retail but do it through a car dealer that you either know (buddy) or pay a nice fee to. If you do that you can get a higher price even after paying the dealer and again no tax is due from you. Finding a dealer to do this "buy and bye" for a reasonable fee could be a problem, however.
 
Dennis
#2878 of 3698
May Money Factor and Residuals by gossiptracker
May 05, 2008 (8:15 pm)
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Can someone please provide the Infiniti Financial Money factors and residuals for May.
 
Also, can someone offer some advice on how to "negotiate" the money factor. For example, one dealer quoted me a money factor of .00200 and claimed this was not negotiable (in April). However, the Infiniti Financial money factor for a 39 month lease was .00163 but I could not get close to this number when negotiating. What is the secret? What am I missing?
#2879 of 3698
Re: May Money Factor and Residuals [gossiptracker] by laderaking
May 05, 2008 (9:52 pm)
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Replying to: gossiptracker (May 05, 2008 8:15 pm)

Move on to the next dealer. They have the option of marking up the money factor but you can find another dealer that does not.
 
Simply ask the sales person if they mark up the money factors (over email). If they do move to the next one.
 
Dealers mark up the factor when a customer walks in with a "monthly payment" for them to meet. They find a way to meet that payment with marked up margins.
 
Start with the purchase price....don't pay more than 500 over invoice. Then use the money factors/residuals...found on this site to negotiate your payment.
 
Also they mark up the mf according to credit score.
 
Good luck.
#2880 of 3698
Re: May Money Factor and Residuals [gossiptracker] by dwynne
May 06, 2008 (6:23 am)
Reply

Replying to: gossiptracker (May 05, 2008 8:15 pm)

As user laderaking says, some dealers routinely mark up the lease buy rate money factors. Some will give you the buy rate if you catch them marking up and let them know you know the buy rate, others do not in any case. As was suggested, you need to find a dealer that does not mark up the money factor at all and avoid that complication. While you are at it, find one that does not have any dealer doc fee or a small one and one that does not put dealer add-ons on every car before offered for sale. If you find one with no MF mark up, little or no dealer fee, and no mandatory add-ons then you are well on your way toward getting a good deal. In every case of a dealer marking up the money factor they admitted it when I just asked them. Some dealers also mark up the $595 lease acquisition fee (AKA bank fee) so watch out for that too.
 
Your credit score as determined by IFS also has an effect on the rate you get. The buy rate numbers post are for top tier lessees and if BASED ON THE IFS SCORE you are in a different tier you will pay more.
 
I posted the rates that I have for May back on the 2nd, in this message.
 
Dennis
#2881 of 3698
G37/G35 by gforce11
May 06, 2008 (3:02 pm)
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Anyone able to get below invoice on either the G37 or G35? Lowest I've gotten is like 400 over invoice.
#2882 of 3698
Re: Latest Offer [laderaking] by madhav2
May 06, 2008 (4:33 pm)
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Replying to: laderaking (May 04, 2008 10:13 am)

thinking about a G37 coupe or a used g35 coupe any advice?
#2883 of 3698
Re: G37/G35 [gforce11] by dwynne
May 06, 2008 (5:18 pm)
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Replying to: gforce11 (May 06, 2008 3:02 pm)

Where are you located? Someone may be able to suggest another dealer to try in your area or not too far away. If $400 over includes the dealer's doc or prep fee, that is a pretty nice price and it may not be worth a lot of travelling to try to beat.
 
These prices can be regional, what someone in SoCal posts may not be anything I can do anywhere near home - or you either.
 
If your company does business with Nissan / Infiniti or you know someone that works for them you can get a VPP claim code which will put you around $300 over invoice. If you get your G from a dealer with no doc fee than that would be your price. You can look up your company name here on the Nissan VPP page.
 
Dennis
#2884 of 3698
Re: G37/G35 [gforce11] by laderaking
May 06, 2008 (6:00 pm)
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Replying to: gforce11 (May 06, 2008 3:02 pm)

I got a deal for 250 over invoice.
 
Southern Ca
#2885 of 3698
Re: G37/G35 [dwynne] by gforce11
May 06, 2008 (6:10 pm)
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Replying to: dwynne (May 06, 2008 5:18 pm)

SoCal. The deal i got was thru the VPP program.It doesn't include the doc/prep fees or acquisition fee. I feel its a tad high. I'm gonna try to work with another dealer to see if i can bring that down further.
#2886 of 3698
Re: G37/G35 [laderaking] by gforce11
May 06, 2008 (6:10 pm)
Reply

Replying to: laderaking (May 06, 2008 6:00 pm)

Really? Which dealership did u go to?

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