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Infiniti G35 G37 Lease Questions

2923 messages,  Last post on May 11, 2008 at 2:32 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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#2896 of 2923
Re: G37/G35 [laderaking] by gforce11
May 07, 2008 (9:21 am)
Reply

Replying to: laderaking (May 06, 2008 9:09 pm)

Email sent...too bad MV Infiniti only has blue and black for the base that I am looking for. I guess I could still live with either, but I want Ivory so I can stay cooler during the summer.
#2897 of 2923
Re: G37 Lease Offer - Thoughts?? [jeremyw] by gforce11
May 07, 2008 (9:23 am)
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Replying to: jeremyw (May 07, 2008 9:15 am)

I think the Sedan has less HP than the Coupe. More cargo space as well. The question is, will you really notice the extra 30 ponies? I'm not too sure, but I gonna find out this weekend I'm contemplating both of them right now.
#2898 of 2923
Re: G37/G35 [gforce11] by dwynne
May 07, 2008 (12:16 pm)
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Replying to: gforce11 (May 07, 2008 9:14 am)

That is true, you may find dealer dealing lower than VPP - for sure if they have a large doc fee. They may quote invoice or less then stick the doc fee on top to net out over invoice by a few hundred. Find a dealer (like mine) that has no doc fee and they will not offer prices that low (net) - they can't. Use a VPP claim code at a dealer that has no doc fee and that is the price you pay. VPP rules say the dealer gets to charge you their normal doc fee and can make you pay for dealer installed options that are on the car. They also can jack up the lease MF as well. VPP just covers the price.
 
I would either find a dealer with no fee and use the VPP or just ignore the VPP and get the best deal you can that is less than $300 over invoice for the car, destination, and fee. Note that the dealer makes a 2.5% delivery fee if you use a VPP claim code, so selling you the car w/o VPP for $300 over or for VPP at $300 over should result is a good bit more profit if you used the VPP code.
 
Dennis
#2899 of 2923
Re: G37 Lease Offer - Thoughts?? [jeremyw] by dwynne
May 07, 2008 (12:25 pm)
Reply

Replying to: jeremyw (May 07, 2008 9:15 am)

I just assume the invoice increase was the same as the MSRP, since I no longer have access to the pre-increase invoice costs. So if the MSRP is $207 higher on "car a" than on "car b" that have the same equipment, just look up invoice on the current "car a" and make sure MSRP matches, then take off the $207 from the invoice to get "close enough" to the invoice on "car b".
 
The G37 has more ponies but is heavier, so your net performance difference is not going to be that great. If you are buying, the sedan is several thousand less for the same equipment as the coupe - a MUCH better deal. If you are leasing then the higher coupe residual makes it closer in price. Net cap is higher but so is residual.
 
I got a coupe because my kids are just about all grown and mainly because they can never find a 6mt sedan in the colors and equipment I want. They found the coupe just like I wanted (except it had splash / net / mat) in the right colors so I took it. The lease terms made it close to the same money per month as a sedan with the same options.
 
If you are getting an auto tranny car, then I would just get the sedan I think. You get the CD changer (trunk mounted) and a lot more cabin and trunk room and wider seats (even with the sports pack). The stereo sounds better in the sedan than in the coupe, to me anyway. Still a fun to drive car without a doubt. I would have a sedan now if the everything had fallen in place, but I still love the coupe. Slightly more to insure a coupe as well. There are one or two more things missing from the coupe that you get on the sedan, but I can't think of what they are off hand.
 
Dennis
#2900 of 2923
First Time Lessee - Looking for Wisdom by geo15
May 08, 2008 (8:37 am)
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Because of how few miles I actually rack up in a year these days, leasing seems to make a great deal of sense. That said, because I've never done this before, the intricacies are something of a mystery to me. I'm interested in the G37 Journey with Nav & Premium. I do not have a trade-in vehicle as I plan on giving my current car away. My FICO score is ~775, live in Texas, and can put money down if needed. Can any lease expert suggest a reasonable lease target I should negociate towards?
 
Here are some highlights from a recent online lease quote:
 
"G37 coupe with cargo net, illuminated kick plate, navigation, premium package. The MSRP is $41745. and the sales price is $39,720. 39 months 12K miles/year with first and license fees down $790.82 = $608.27. 39 months 10K miles/year with first and license fees down $781.11=$598.56"
#2901 of 2923
Re: First Time Lessee - Looking for Wisdom [geo15] by gforce11
May 08, 2008 (8:43 am)
Reply

Replying to: geo15 (May 08, 2008 8:37 am)

I recommend finding out the Money Factor, Residual, Doc Fee, Bank Fee, Sale Price and make your own calculations based on that. Don't negotiate monthly payments.
If you need help calculating that, use a Lease Calculator or calculate that on your own using theLease Formula.
#2902 of 2923
Re: First Time Lessee - Looking for Wisdom [geo15] by dwynne
May 08, 2008 (9:06 am)
Reply

Replying to: geo15 (May 08, 2008 8:37 am)

As user gforce11 says, you need to bargain down the price on the car first - then worry about the lease terms. You need to be within $500 of invoice price when you include the car, destination, and any dealer doc or prep fees.
 
Leasing is Texas is not so hot since they tax the entire negotiated price of the car - the same as if you purchased it. However, some folks have posted that Infiniti and Texas (or one of them) have worked out a tax break on leases. The only way I would think about it is if I didn't have to pay full tax or if the rate was really, really low (like 1% or less effective rate).
 
Dennis
#2903 of 2923
Re: First Time Lessee - Looking for Wisdom [dwynne] by geo15
May 08, 2008 (9:48 am)
Reply

Replying to: dwynne (May 08, 2008 9:06 am)

Appreciate the replys. You mention being within $500 dollars of Invoice price. If I take a look at Edmunds for the vehicle I am considering (G37 w/nav & prem), I get the following figures:
 
MSRP - $41,365
INVOICE - $37,781
TMV - $40,368
 
Assuming I'm understanding your suggestion, I should attempt to negociate a price w/in $500 of $37781, which will probably be difficult based on the fact that others seem to be settling for $40368 as reflected by the TMV. At this point I can get a lease quote from the dealer and perhaps some from leasecompare.com and go from there. Sound about right?
#2904 of 2923
Re: First Time Lessee - Looking for Wisdom [geo15] by dwynne
May 08, 2008 (10:06 am)
Reply

Replying to: geo15 (May 08, 2008 9:48 am)

When I say "invoice" I mean the invoice including the destination charge - which Edmunds does not.
 
Did you want an auto or 6mt? MSRP on a G37 journey with nav and premium would be $41,815 with an invoice of $38,198. A 6mt would be $42,365 and $38,702.
 
If you find a pre-price increase car it will be $200 or so cheaper.
 
TMV does not mean anything to me, I don't think it accurately reflects deals folks are getting and reporting here. Your job is to find a dealer that will give you a bottom line price on the car - they are out there if you hunt them up. Once you have the best price, then you plug in the lease numbers and see how the payment works out. You can compare what a 3rd party bank will do at leasecompare.com , but IFS captive lease deals will almost always be cheaper. You have to watch for Infiniti dealers marking up the lease rate for extra profit - so be sure ask about that and compare rates with different dealers.
 
So deal the price down low, then ask for the lease rate and residual and work the payment out yourself. Compare the results from more than one dealer and see how it looks. You will have to ask some area dealers about the Texas lease tax break.
 
If you work for a company that does business with Nissan / Infiniti you may qualify for a VPP claim code which will get you a price about $300 over invoice w/o haggling. That works if you know someone that works for either company. Lots of banks, insurance companies, etc are on the list.
 
Dennis
#2905 of 2923
Re: First Time Lessee - Looking for Wisdom [dwynne] by geo15
May 08, 2008 (10:21 am)
Reply

Replying to: dwynne (May 08, 2008 10:06 am)

"If you work for a company that does business with Nissan / Infiniti you may qualify for a VPP claim code which will get you a price about $300 over invoice w/o haggling. That works if you know someone that works for either company. Lots of banks, insurance companies, etc are on the list."
 
Thanks, this is very helpful. I contacted our HR dept. and in fact we do qualify for a VPP claim code.

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