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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Lease Questions
3549 messages, Last post on Aug 20, 2008 at 5:21 PM
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Replying to: geo15 (May 08, 2008 8:37 am) 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
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Replying to: dwynne (May 08, 2008 9:06 am) 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?
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Replying to: geo15 (May 08, 2008 9:48 am) 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
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Replying to: dwynne (May 08, 2008 10:06 am) 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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Replying to: geo15 (May 08, 2008 10:21 am) With a VPP claim code you still have to shop around - ask each dealer how much their doc fee is, if the cars have any dealer installed options on them, and if they mark up the lease buy rate. If you find a dealer with little or no doc fee, no mandatory add ons, and no mark up then see if they will except a VPP code on the coupe you want. If so, you have a done deal for a nice price. Dennis |
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Replying to: geo15 (May 08, 2008 10:21 am) So $200 over invoice, $595 bank fee, $45 doc fee. All I need now is to see what I get for my trade-in. Props to laderaking, your guy at Mission Viejo Infiniti is straight up guy. He doesn't have the exact color I want for the G37, but I'm still going to work with him to see what kind of deal we can swing. Many thanks for all the help, laderaking and Dennis. Now I gotta go drive the car. 
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first and foremost, thank you for your valuable help Dennis. not just for myself, but others on this board. also thanks to the other lease-savvy helpers out there. i have a two part question if you'll indulge me, the first being easy and straight forward: 1. do you happen to know the "tier" cutoff points based on fico score for IFS? my fico is 673, w/ zero collections on it. i've been told i'm a tier II by the dealer and the cut off is like 689. is this true? 2. here is the deal from the 1st dealer in texas that has the exact car i want. (one might ask why lease from texas if i live in oklahoma? well they're the only dealer in my region who has this car. i figure that will be my best chance considering transportation fee's etc. please correct my thinking if i'm wrong) first the details on the car from my first offer: 2008 G35 sport w/stone interior $30,076 base invoice $46 trunk cargo net $2,155 premium package $115 splash guard $1,422 sport package $76 trunk mat $765 freight charge $34,655 total invoice from infiniti intl $37,935 msrp the dealer said they would sell for $600 over invoice $35,255 residual= 59% (is that 59% of msrp? or invoice? i assume msrp) 36 mo term 15,000 miles .0022 MF (said i was tier II) something like $700 out the door tag tax and title $532/mo i'd really like to be under $500 seeing as though insurance will run around $85/mo what do you think??
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Replying to: drjustin (May 08, 2008 3:07 pm) 2. I think $600 is kinda high. Even the highest quote I got was $400 over invoice. It doesn't really matter if they have "exactly" what you want. If you are too fixed on that aspect and they notice it, they will exploit you (if they are sleezy) In terms of residual, it looks about right. A thought if I may, why don't you consider doing a 12,000 lease, you actually drive that much? at 12k you might save yourself like 10-15 bucks. Also, one of the dealers tells me the 39 mo term yields lowest payments. I don't have the details on that tho. |
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Replying to: gforce11 (May 08, 2008 1:48 pm) Dennis
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Replying to: dwynne (May 08, 2008 4:32 pm) 720- 850 - 1 680- 719 - 2 650- 679 - 3 600- 649 - 4 500- 599 - Sorry Charlie |
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