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Prices Paid: Buying & Leasing Experiences Infiniti G37 Lease Questions
4708 messages, Last post on Dec 04, 2009 at 3:50 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: mpgxsvcd (May 16, 2008 8:32 pm) I posted the numbers earlier this month and it was 59% for a 15k 36 month lease on a journey so your residual should be 60%. As I said, IFS will not fund it if the numbers are not right so I am sure it was just an honest mistake. Dennis |
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Hello all, what a detailed forum. May I ask for your comments and suggestions on where I should end up on this deal. I was offered a lease today on a blue slate G35 Journey with premium and Nav packages on the following terms: $3900 down; $406.14 a month. Cap Cost: $35,700 Bank Fee: $595.00 Total Cap Cost: $36,295 Tax on Credit: $229.38 License fees: $304.75 Other fee: $45.00 Cap reduction: $2,914.73 Net Cap: $33,380.27 Residual: $26,133.75 Total depreciation: $7,246.52 Monthly depreciation: $301.94 Monthly rental: $74.99 Base payment: $376.93 Monthly tax: $29.21 What down/monthly should I end up at? This is my 1st lease and I would love to hear your thoughts. Thank you! |
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Replying to: dcdubya (May 16, 2008 12:46 pm) i leased an acura about a year ago and they wanted over a thousand bucks for "floor mats, wheel locks" and some other crap. i found out from another dealer that this stuff CAME with the car standard and the deales then try to claim they are add ons and just rape you for more money. accessories like roof racks, running boards, pin striping, etc... they mark the stuff way up, charge you "labor" even though they instgall it in house at essentially no real cost..just the flunky that works in maintenance who is not busy at the time... whatever... i leased a car that had a few add ons and they wanted a bunch of money for the stuff. i told themj i didn't want the stuff. they gave me BS about what the parts were worth, labor, blah blah. i basically looked up what the wholesale price of the parts was, and said i'd pay THAT. so i paid wholesale for a roofrack and runningboards on my MDX....i did NOT pay any labor or other BS. if they don't actually LOSE money on those parts...they may just throw it in... in this market, they need to make a sale. don't get scammed by these add ons. if you like them, and are wiling to pay the actual wholesale of what they were "worth" to the dealer, fine. but i would not pay any markup or labor. it woudl be WAY to easy for you to just call a few more dealers, find the exact same car WITHOUT that crap and save the money. |
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I found a G35 from December with the lower MSRP. When negotiating, should I target to be $500 over (including the doc fee) on the old invoice price? The invoice price difference is $417 when you include the increased destination charge. |
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Replying to: brian62 (May 17, 2008 12:38 pm) Dennis
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G35 Journey with Premium Package and Trunk Cargo Net. 36 Months, 12k miles per year with $0 due at signing at $448.86 +tax per month. MSRP 35,575 Edmunds Invoice 32,625 Residual Value 21,345 Sale Price of car 32,444 Title, License and Reg 560 Acquistion Fee 595 Doc Fee 399 AZ Tire Fee 5 First Payment 485 Gross Cap Cost 34,488 The car also included window tint, here in AZ this is a must and I would have paid another $200 to have it done. |
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Replying to: dwynne (May 17, 2008 3:43 pm) Car 1 - G35 manufactured in Dec had the following: Prem Pkg Trunk Cargo Net Splash Guards MSRP of 35,475 Car 2 - G35 I just purchased, manufactured in Feb Prem Pkg Trunk Cargo Net MSRP of 35,575 ($100 more then car 1 and no splash guards) Both of the above had a destination of $715 and car 2 matches Edmunds invoice. Cars.com and KBB have another price increase on the MSRP and Invoice. Destination is up to $765 and base price is up to $32,700 from my $32,300. I didn't see any cars on the lot with a MSRP that matches cars or KBB but I wasn't looking very hard.
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Replying to: brian62 (May 17, 2008 12:38 pm) |
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Replying to: brian62 (May 18, 2008 6:57 am) |
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Doesn't anyone buy their cars anymore? I bought my G35 new in 2003. Have 55K miles. To date has cost me $0.65 cents per mile. And I own the car. The leasing customers, if not exercising the option to buy for high residual value, will have to sign a new lease, whether Infiniti or another marque. Over 6 years the per mile lease cost will be about $0.58 cents per mile. And they will still have ZERO equity in the good, unless they buy at the high residual value. If I want to get out of the car (which I do not at present) I can likely obtain a return of $20K if I were to sell in today's market. That would drop the ownership cost of the car down to $0.27 per mile. That is about HALF what leasing for 72 mos. would cost (assuming costs to lease the new vehicle do not increase). That is a net savings of $17,000! Which could earn you $6500 in bank interest, alone, in 60 months. With the long warranty that Infiniti offers there is no compelling reason I can see to getting out of the car after 36 months.
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