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Infiniti G35 G37 Lease Questions

3309 messages,  Last post on Jul 08, 2008 at 7:19 PM

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


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#2912 of 3309
Re: Question for Dennis or any other "lease expert." [drjustin] by dwynne
May 08, 2008 (4:56 pm)
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Replying to: drjustin (May 08, 2008 3:07 pm)

IFS / NMAC has a tier 0 which is 740+, tier 1 is 700-739, tier 2 is 660-699, tier 3 is 620-659, and tier 4 is 580-619. You need to be in 1 or 0 to get the top rate. The also are likely to use an "auto enhanced" score which gives more weight to paid off car loans and leases than to other debt - so your FICO or FAKO score may be higher or lower than the score THEY assign to you.
 
That is actually a G35 journey with sports pack and not a sport - sport = 6mt.
 
Residual is based on MSRP including destination.
 
What is the dealer's doc or prep fee? If they say $600 over and then stick a big fee on top of the $600 then it is not so hot a deal. That car does not appear to me to be rare or hard to find, but $600 over if it included the fees would not be that bad.
 
If I plug in your price, 59% of MSRP, MF, and 36 months into my lease calc I get $484.35 per month base payment with the $595 bank fee and first month's lease payment due at signing.
 
I think OK is like Texas and charges tax on the full price of the car. So if your rate is 3.9% then $1,374.95 tax would be due. If I add that to your price I get $525.57 per month. So pretty close to what they have, but my payment would be with $525.57 + $595 due at signing, if you cut that down to $700 then the payment would go up.
 
You have to learn how to figure this stuff out so you can check all the dealer's numbers and see where the money goes. Otherwise they can sneak stuff onto your deal and you not know it. We only see the top tier rates so "who knows" if the dealer is marking up your rate or not. You could try a deal with another dealer and see if they give the same rate.
 
Dennis
#2913 of 3309
Best G37 lease I could find by raphster
May 08, 2008 (7:24 pm)
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surprisingly the one dealer I thought would be the most expensive turned out to be the cheapest and easiest to deal with. I got a Journey 24mth lease -0- down 10k mi/yr with Prem & NAV for $416mth+tax. Fees = bank $795+dest$715
#2914 of 3309
Re: Best G37 lease I could find [raphster] by dwynne
May 08, 2008 (8:43 pm)
Reply

Replying to: raphster (May 08, 2008 7:24 pm)

The IFS lease acquisition fee (bank fee) is $595. If you paid $795 your dealer marked it up for $200 extra profit on the deal.
 
Your payment sounds low, but how much did you pay at signing?
 
Dennis
#2915 of 3309
Re: Best G37 lease I could find [dwynne] by raphster
May 08, 2008 (9:11 pm)
Reply

Replying to: dwynne (May 08, 2008 8:43 pm)

picking it up next week.
On my receipt it indicates $795 bank fee+ $715 destination + $180 for NY plates & registration =$1,690
Let's hope that's all I have to pay!
It must be a new york area thing to mark up the bank fee to $795, I've spoken to 3 other dealers and everyone's bank fee is $795.
#2916 of 3309
Re: Best G37 lease I could find [raphster] by dwynne
May 08, 2008 (9:18 pm)
Reply

Replying to: raphster (May 08, 2008 9:11 pm)

Make sure that this is an IFS lease and not a 3rd party lease. If a 3rd party lease watch out for an open ended lease. Some dealer(s) in NY were advertising really cheap sounding lease deals - turns out it was an open ended lease which is NOTHING you want any part of. With "nothing down" and a $400 payment it sounds like this is not a normal lease.
 
Dennis
#2917 of 3309
Re: Best G37 lease I could find [dwynne] by gforce11
May 09, 2008 (8:47 am)
Reply

Replying to: dwynne (May 08, 2008 9:18 pm)

yeah specially for a journey premium with navi.
I got a $450+ tax quote with $800 and I had no navi. Thats $400 over invoice too. Something doesn't sound right.
#2918 of 3309
re: to my offer by drjustin
May 09, 2008 (10:51 am)
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thx for the help guys. i'm currently waiting to hear back from one other dealer in texas.
 
as for the car being rare, i don't think it's really all that rare, more so that it's not as popular as the black/graphite duo. the stone interior makes it more rare and harder to find. in a 28 state area, there aren't any 2008 black g35's w/stone interior sitting on anyone's lot. there may be on one of the coast's, but that's completely cost prohibitive for me.
 
gforce:
i do appreciate your cautioning me in being adamant about my choices. before the deal is said and done, i'll come to the table equipped with knowledge. i also have been sitting on the idea of this car for 8 mo's and let them know that. if i wait another 5 month's, so be it, it won't be a big deal to me =) i'm just searcginh for the best deal possible. thanks to you guys, we're all able to compare notes in order to know where we stand.
#2919 of 3309
re: to my offer [drjustin] by drjustin
May 09, 2008 (6:58 pm)
Reply

Replying to: drjustin (May 09, 2008 10:51 am)

question + update.
 
question: how accurate is the edmunds site as far as "invoice pricing?" anyone know where their information comes from? the dealer in texas basically told me to go buy the car from mr. edmund, and that mr. edmund has not returned his calls since 03'. it's all been very amusing. of course he said it all in geest.
 
secondly:
 
most these dealers don't want to move away from the TMV/"what everybody's paying"(edmund) price as their "sales price" or "initial cap cost." additionally, one dealer has mentioned he may be able to get my MF lowered with a call to IFS due to their "high volume" sales history. all interesting banter nonetheless.
#2920 of 3309
Re: G35 Deal Signed Today [laderaking] by drjustin
May 09, 2008 (7:37 pm)
Reply

Replying to: laderaking (May 04, 2008 6:41 pm)

laderaking.........
 
i'd love the information on where you got this car. would like to call them. i'm looking for the same car you got minus the nav, but add sport edition.
 
would appreciate knowing.....
#2921 of 3309
re: to my offer [drjustin] by dwynne
May 09, 2008 (8:43 pm)
Reply

Replying to: drjustin (May 09, 2008 6:58 pm)

If a dealer says the invoice price is not correct, ask him to pull the invoice for the car you want and show it to you. Double check the prices at Edmunds, KBB, and carsdirect.com and see if they all agree. You also have to make sure the MSRP on the window sticker matches the MSRP total with options that you check online. If that does not match then your invoice is not going to be correct. They have 2 price increases so far this model year, I think. So depending on when the car in question was made it could have one of 3 different prices.
 
I think I would find another dealer, this one does not sound too bright. Are you doing all this via e-mail? Talk to the "Internet sales manager" via e-mail at all area dealers and see what kind of prices you can find. I would never call or walk into a dealership for anything other than a test drive until I was ready to pick up the car.
 
The dealer may be correct on the rate, if you read the info on the IFS web page it says, in part:
 
When you finance a car at an Infiniti Retailer, you will enter into a retail installment contract with the Retailer. If IFS approves your credit application, your Retailer may elect to assign the retail installment contract to IFS.
 
If that is the case, the dealer may be willing or able to give you a better rate.
 
Dennis

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