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Infiniti G35 G37 Lease Questions

3302 messages,  Last post on Jul 06, 2008 at 8:04 PM

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


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#2949 of 3302
Good deal? by montydee
May 14, 2008 (9:11 am)
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I have been shopping around for a couple weeks and have been finally offered the below deal. Doing the math, I think I am about $750 over invoice (with the doc fee).
 
G35 Journey w/ Prem Pkg only
 
24 month, 12k mile lease
Tier 1 credit
MSRP $35,515
Adj Cap Cost of $35,065 includes the following
$595 Acquisition fee
$600 DMV fee (AZ)
$541 1st Payment
$495 Doc Fee
 
$0 due at signing with the 23 remaining payments at $541 (including 8% tax).
 
I would love to get this down another couple hundred but I am not having any luck. We only have 4 Infiniti dealers in Phoenix (2 of the 4 owned by the same company) and 1 more in Tucson about 2 hours away.
 
I can get the VPP discount, but every dealer has a $400-500 doc fee so I am in the same ball park with price.
 
I will try one last time when I go do the final deal, but I am ok with paying the extra $10 or so a month to get the car. My bigger concern is that I want to make sure I am good with the math before pulling the trigger.
#2950 of 3302
Re: Good deal? [montydee] by drjustin
May 14, 2008 (9:56 am)
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Replying to: montydee (May 14, 2008 9:11 am)

monty,
 
i think you'd find most of the educated lease folk on here, not including myself in that category, would tell you this:
 
a good deal would be one that is $500 above invoice, including dest fee and dealer doc fee's. i'm NOT SURE if that "good deal" includes the acq. fee of $595 or not?
 
i also think that these guys are going to tell you this:
 
we need to know the exact options of your car, as well as the invoice price etc. all that information can be found on edmunds.com i'd STRONGLY recommend brushing up on your lease knowledge/education before making a deal. take time and read these posts. in them you'll find the information you need, while at the same time nobody will be able to afford the time to walk someone through hand in hand.
 
here are a few things you need to figure your deal:
 
invoice
money factor (ask the dealer, per "dennis" if they won't disclose this info, don't deal with them.)
 
bottom line is to educate yourself or pay later. IMO, without knowing your mf or invoice, i'd say you're not getting a good deal. the msrp and cap costs are too close?? i have an invoice on the same car, add sport edition for $34,600ish, and that was from the dealer, not edminds. the edmunds invoice is $34,200 something. something ain't right in your deal.....
 
but then again, i'm nowhere near an expert or claiming to be. just trying to help a fellow person in my same situation. best of luck!
#2951 of 3302
Buy or Re-Lease? by knr5
May 14, 2008 (10:35 am)
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I currently lease a 2006 G35 6MT -- the 39 month lease runs out in 15 months. This is my second G and I have been very pleased with it. I have also invested in a set of Dunlop Sport M3's for the winter (nearly a grand) that have made my car feel absolutely blizzard proof.
 
I am now wondering whether I should go ahead and buy the car at lease end (the residual was about 21k), rather than re-lease another vehicle. I would very much appreciate your thoughts on the matter! Thanks.
#2952 of 3302
Re: First Time Leaser [dwynne] by skmiller22
May 14, 2008 (10:35 am)
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Replying to: dwynne (May 13, 2008 1:13 pm)

Hey, unfortunately my employer isn't on the list. A friend of mine works for a company on the list and he is telling me that if he comes in with me that I would be eligible. Is this true? I told him I dont think so.
#2953 of 3302
Re: lease calculation question [drjustin] by skmiller22
May 14, 2008 (10:42 am)
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Replying to: drjustin (May 13, 2008 7:07 pm)

Dr.Justin -
was the sale price and MSRP that you gave made up? I am looking for an 08 Journey with the same options and based off Edmunds the MSRP for those options is $41215 and the optomistic Sale Price I was hoping for of $500 above invoice is - $38,137. Please let me know because if you did get quoted on the car at the price above I will be shooting for that price then as opposed to the 38 grand.
#2954 of 3302
Re: Buy or Re-Lease? [knr5] by dwynne
May 14, 2008 (10:57 am)
Reply

Replying to: knr5 (May 14, 2008 10:35 am)

The new design G is even nicer than the old design, so that is something to think about. I would wait until closer to time to have to decide and compare the real world trade in value of your used G (given the options, miles, and condition) against the buy out price. I would not want to overpay just to keep the car, not when you can get a new G for near invoice and leased at a below market rate. If you end up over miles and having to pay a penalty if you turn it in, that can help make a case for keeping it.
 
Dennis
#2955 of 3302
Re: lease calculation question [drjustin] by dwynne
May 14, 2008 (11:03 am)
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Replying to: drjustin (May 14, 2008 8:02 am)

To get the payment, put this formula in a cell, say A13:
 
=((A3-A4) / A7) + ((A3+A4) * A9)
 
Where:
 
A3=your negotiated price in dollars
A4=residual in dollars (MSRP including destination * residual percent)
A7=term in months (e.g. 36)
A9=money factor (e.g. 0.00170)
 
So if you paste in the formula and put the values needed in the cells indicated, you have a payment calculator.
 
Dennis
#2956 of 3302
Re: First Time Leaser [skmiller22] by dwynne
May 14, 2008 (11:08 am)
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Replying to: skmiller22 (May 14, 2008 10:35 am)

Nope, that will not work. The person who buys or leases has to have the claim code in their name and in the case of a business partner they have to show proof of employment for the company they used to get the discount.
 
Dennis
#2957 of 3302
Re: First Time Leaser [skmiller22] by gforce11
May 14, 2008 (11:09 am)
Reply

Replying to: skmiller22 (May 14, 2008 10:35 am)

If your friend is under the C plan, it seems he can sponsor a friend or extended family. VPP Program
The VPP is not bad, but it is possible to get a lower price than VPP in some parts of the country.
#2958 of 3302
Re: First Time Leaser [gforce11] by dwynne
May 14, 2008 (11:19 am)
Reply

Replying to: gforce11 (May 14, 2008 11:09 am)

That is true, but C plan means the friend works for Nissan / Infiniti and NOT for a business partner / vendor. So if the friend works for a bank, insurance company, etc then they can get plan D but not pass it on. If they work for Nissan then they can get a plan C code for their friends.
 
All you need is a copy of the Nissan employee's ID card and you / they can get the claim number online. When you get to the dealership you give them the claim code and the copy of the Nissan ID and you are all set. There is no need for them to go to a dealership with you.
 
Dennis

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