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Infiniti G37 Lease Questions

4716 messages,  Last post on Dec 06, 2009 at 8:21 PM

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

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#3282 of 4716 Re: Date of July [dwynne] by gperr Jul 01, 2008 (12:06 pm)
Replying to: dwynne (Jul 01, 2008 6:00 am) Dennis,   thanks for the update. After I got your post I called the dealer back and they agreed that the numbers were continued an extra week. They also are going to give me my deal (I will post all the numbers as soon as I take delivery, don't want to jinx myself) and locate the car in the color/equipment combo I am looking for (G35x Platinum Graphite/Graphite with Premium, splash guards and cargo net). I was concerned that it was a last day of the month deal only, but they appear to be going forward with it.   thanks   gperr
#3283 of 4716 Re: First Pass... [phillydilly] by dwynne Jul 01, 2008 (2:38 pm)
Replying to: phillydilly (Jul 01, 2008 11:28 am) First rule of leasing - always negotiate the selling price first.   When you contact dealers ask for the price of the car including destination and any dealer doc or prep fees. Ask if they have any dealer installed options on their cars.   Once you have the best price, something close to invoice when you include the fees and take off the customer cash, THEN you are ready to worry about the lease numbers.   By asking for lease prices you totally obscure the price of the car, which puts you firmly in the dealer's clutches.   You can't control the lease MF, IFS does but the dealer can mark it up if you don't watch them. The residual you can't control. The bank fee you can't control, but the dealer may try to mark that up too.   So what can you control? Where you buy your car (no markup on MF and bank fee and little or no doc fee), when you buy you car (buy when the rates are low and/or residuals are high) and how much you pay (your negotiated price).   Dennis Replies to this message: phillydilly (Jul 01, 2008 3:26 pm)
#3284 of 4716 Re: First Pass... [dwynne] by phillydilly Jul 01, 2008 (3:26 pm)
Replying to: dwynne (Jul 01, 2008 2:38 pm) Thanks for the advice Dennis, its the first time I've leased a car. I left a voicemail for the salesman, but it was just before the dealership closed. I expect to hear back from him tomorrow. I plan on taking your advice and getting the sale price down before trying to get them to drop doc fees and the MF markup.
#3285 of 4716 Re: First Pass... [phillydilly] by shinng Jul 01, 2008 (6:15 pm)
Replying to: phillydilly (Jul 01, 2008 11:28 am) I'll definitely be following your updates because I, too, am looking to lease a base g37 within the next month (non-Infiniti lease is up September).   I'd be interested to see what you negotiate the selling price to be and how much you need to put down.
#3286 of 4716 lease deals by loloswims Jul 02, 2008 (8:26 am)
In regards to the G35/37 lease deals does one have to put down the about 3500.00 cost reduction. I had planned on putting nothing down but the dealer told me that I would have to in order to lease. Is this true? thanks Replies to this message: shinng (Jul 02, 2008 8:44 am) dwynne (Jul 02, 2008 7:46 pm) kslup (Jul 03, 2008 7:05 am) dwynne (Jul 03, 2008 12:16 pm) ucjjg (Jul 04, 2008 6:06 pm)
#3287 of 4716 Re: lease deals [loloswims] by shinng Jul 02, 2008 (8:44 am)
Replying to: loloswims (Jul 02, 2008 8:26 am) To my understanding, unless you have bad credit, you are never required to put money down. 3500.00 down is a lot of money. Another way of looking at it is, the dealer is trying to entice you to "require" to put that much money down in order for your monthly payments to be lowered. That is a lot of money down on a lease although if you have bad credit, it might not be a choice. That is where I'm not too sure about.
#3288 of 4716 Re: Date of July [dwynne] by kslup Jul 02, 2008 (3:30 pm)
Replying to: dwynne (Jul 01, 2008 6:00 am) Hi Dennis,   I am about to lease a 2008 g35x. i spoke to the dealer several times, he confirmed that the numbers will remain the same untill Jul 7th.   He offered me the following:   MSRP: $36500 Sale $: ?? - not willing to ne. over phone! NY tax: 8.625% Acq Fee: $795 Their Fee: $590 (am not gunan pay it!) 24mo/12000 MP- $369... total Out of Pocket- $3500 (seems very high?)   at first eh offered me this monthly payment for on a 36mo/12k deal!!! - so in theory should i choose a 36 mo lease now should it not be lower than $369? thanks!!   i have good credit and wanted to know how to work these Out of Pocket fees down. thnaks! Replies to this message: dwynne (Jul 02, 2008 8:00 pm)
#3289 of 4716 Taxes by hafnour44 Jul 02, 2008 (4:03 pm)
Has anyone ever heard of the following regarding taxes added to a lease.   I got a quote where a dealer in CT took the Cap Cost of the car and then added 6% for taxes to that number. Cap Cost was $38,301 and with taxes $2,316 and $299 Document Fee gave me a total Cap Cost of $40,916. The quoted me $555 for a 36 month 15 K lease, $0 down $0 walk out the door Fees. Residual = 62% MF= .00192.   I have never leased a car where they added the full tax of the car on to the Cap Cost. I have always had it added after the Depreciation and Finance Fees have been calculated.   When I calculated the numbers the way I have always leased cars i came up with a $507 a month including taxes. about $50 less a month.   Has anyone else ever had a lease like this. Replies to this message: dwynne (Jul 02, 2008 8:03 pm)
#3290 of 4716 Re: lease deals [loloswims] by dwynne Jul 02, 2008 (7:46 pm)
Replying to: loloswims (Jul 02, 2008 8:26 am) With good credit, you can do a sign and drive and pay nothing up front - or pay whatever you want. Most of the advertised "lease deals" call for a lot of money up front to make the payments lower to lure you in. Most are not great deals either and leave lots of profit for the dealer if you took that "deal".   For the 123st time, the first step in leasing is to negotiate the price of the car just as if you were paying cash. Once you have a nice low price, near invoice including the dealer's doc or prep fee, then you worry about applying that to the lease residual and money factor.   Dennis Replies to this message: kslup (Jul 03, 2008 7:05 am) dwynne (Jul 03, 2008 12:16 pm) ucjjg (Jul 04, 2008 6:06 pm)
#3291 of 4716 Re: Date of July [kslup] by dwynne Jul 02, 2008 (8:00 pm)
Replying to: kslup (Jul 02, 2008 3:30 pm) Sale $: ?? - not willing to ne. over phone! NY tax: 8.625% Acq Fee: $795 Their Fee: $590 (am not gunan pay it!)   Time to find another dealer. If they will not give me a price without me having to go onto the lot, then I don't go - I take my business elsewhere.   Also, the bank fee is $595 so they are marking it up $200 for extra profit and wanting nearly $600 for a doc fee. I would bet they mark up the lease MF as well.   Bad dealer, no biscuit !   Dennis

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