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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Lease Questions
3302 messages, Last post on Jul 06, 2008 at 8:04 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi, Ive never leased a car before and have been reading through the forums and some sites and Im trying to get some info together before heading to the Infiniti Dealer so I don't get ripped off. I live in NJ and am looking to lease an Infiniti G37 Journey with premium package, sport package, splash guards. I would be doing a 36 month lease with the least amount of miles they will negotiate(10,000 or 12,000) a year. How much above invoice should I try to negotiate for the base cap cost? From reading through pages of posts it looks like most people are getting 500 above invoice. Is this true? What is the highest above invoice you'd recommend going at this time for base cap cost? Im thinking of printing out the Invoice pricing from Edmunds/Yahoo and showing it to the dealer and say how close to this can you get rather then haggle with him. Also what is the current Residual Value and Money Factor/Interest Rate that Infiniti is using this month? I have very good credit if that comes into play in the interest rate. I am guessing that once I have this information along with the NJ sales tax of 7% that I can plug the #'s into a calculator online and come up with my monthly payments. Is there anything I should be aware of before going into the dealership? Anything that they will try to throw into the lease to screw me over or things that they will offer me that I do not need? How does Gap insurance work - does infiniti include this or do i pay extra and if so how much should i be willing to pay? How about general dings and dents, is there a clause in the lease I should look for? Like I said Im new to this and want to ensure that I get the best deal possible without getting screwed. Lastly, would I get a better deal if I held off a week and went during Memorial Day weekend or will it be essentially the same regardless of this week or next?
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Replying to: skmiller22 (May 13, 2008 11:04 am) Dennis
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Replying to: dwynne (May 13, 2008 11:27 am) Im really not desperate to get a new car, its more along the lines of it would be nice to have. So if I can't find a dealer to give me a good deal then I can walk out and not think twice about it. I outright own my current car and could continue driving it if need be. Its an older vehicle(96 taurus) which is why id prefer to get something new. I dont drive to work so its essentially a leisure time use vehicle. So the G37 would be more like a toy for me. Also, a family friend has been using the same salesmen and they have recently leased 2 G35X's from this guy as well as their 2 previous G35X's. Do you think that he would be more inclined to give a good deal to me to keep their future business?
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Replying to: skmiller22 (May 13, 2008 12:03 pm) I would concentrate on price - car+destination+dealer fees first and not mention leasing at all. If you mention you want to lease they hit you with payments to cover up how much they are charging you for the car. Dennis
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Replying to: dwynne (May 13, 2008 12:50 pm) One more question(probably stupid too) - How do I go about contacting the internet sales manager for the dealerships? Do i just go through the infiniti website and select get quote?
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Replying to: skmiller22 (May 13, 2008 1:00 pm) If your employer does business with Nissan / Infiniti you may qualify for a VPP code which will get the price set to about $300 over invoice. You can search for your company name at this link. Dennis
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payment calculation question: i've worked up some "hopeful/hypothetical" numbers in the lease calculator(the residual was given by the dealer) and now i'm "trying" to make sense of how to compare/understand these numbers when i put it into my finance calculator to see if the payments match. let me explain in greater detail. car= 08 journey, sport, premium, splash lease calc= sales price $35,050 taxes at 3,25 of $1,139 term 39/mo resid $22,381 (based off a $37,935 (59%) msrp) MF=00.175(hypothetical again) 15,000 miles acq $595 sec dep $500 payment = $481.90 here comes the question. is there a way, to use my "financial calulator" to compare the deal?? meaning.....if i take MSRP + taxes=$39,074 subtract the residual value of $22,381, i come up with $16,693 that i'm financing over 39 mo's in this case. so enter in finance calc: N=39 interest rate=4.2 (.00175 x 2400) Present Value= $16,693 compute payment= $458.65 but the lease calculator has the same setup giving me 481.90? what am i missing guys? besides my brain? long day i guess. thx in advance.... 
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Replying to: drjustin (May 13, 2008 7:07 pm) I found the following link useful in putting together my 'calculator'. I created a formula in Microsoft Excel that does the lease calculation. Hopefully it can help you figure how you want to build a calculation you can use as well. http://ridewithg.whitecarrot.com/index.php/the-lease-formula/ -S
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Replying to: jeremyw (May 13, 2008 5:37 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: gipsy (May 13, 2008 7:02 am) just curious.....what is the return? any current numbers? i recently signed up for a money market account at my bank with 8K+ and am not even receiving (1.8%) anything close to the inflation rate?? |
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