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Prices Paid: Buying & Leasing Experiences Infiniti G37 Lease Questions
4693 messages, Last post on Nov 30, 2009 at 8:16 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi all! We've read the boards and tried to do our homework. Can someone please let us know if this is a good lease deal for G35x (AWD) w/Prem and wood trim pkge ($450.): MSRP 37,775 (incl cargo net, splash guards) Invoice $34,604 Sale $34,945 (incl $595. Aquisiton fee, $715. Destination fee, $99. Doc fee, $350. Customer loyalty) MF .00150 (36 months), .00131 (24 months) Residual 60%- 36 months, 70% 24 months Cash upfront needed: Fees: license: $154., title: $50. Taxes: $2067. (6%) Acquisition: $595. Doc.: $99. ------------ $3024. (his number- this is off) + $460.21 (1st pymt) ------------- $3484.21
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Replying to: mitchelllll (Jul 06, 2008 7:04 pm) Doing the quick math the numbers don't seem to make sense. 1) The sales price for the vehicle sounds good at 34945 but it appears that the dealer is not backing off the fees you are paying up front (acquisition fee and documentation fee) from the capitalized cost of the lease (aka what your payments are being based on). 2) Seems very odd to pay the taxes up front. Also, seeing as they are only about $24 a month I'm not sure how we are landing at $2K in total for taxes. 3) I'd look closely at my paperwork and run the numbers into a lease calculator so you can see for yourself what's happening. Good luck and let us know what you learn.
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I'm looking at an '08 G35 Sport w/ Premium, MSRP of 37935, the dealer quoted me 35630 to buy. That's prob too high considering the conquest cash, but I wanted a place to start. I didn't tell him if I wanted to lease or not. Then he gives me the lease payments and they are $519 - $529 if I pay the $1800 TTL & first payment, or $60/month or so higher if I roll it in. But I used the lease formula I found on this forum, plugged in MSRP and 35630 as cap cost, 63% residual, .00192 MF, 39 months, and I get a $415 payment. I have 2 payments left on my current G35, which he said the dealer would write me a check for that amt ($814). So clearly they are tacking that onto the price, but even when I add that in (cap cost now 36444), I still only come up with $437 payment. Am I doing something wrong with the lease calculator? How can there be nearly $100/month discrepancy? I didn't ask him for the lease specifics yet (he just gave me the numbers over the phone) but I was shocked at the difference and wanted to make sure I hadn't miscalculated somewhere. Anyone have ideas? Credit score is 755 last time I checked.
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Replying to: talbotyancy (Jul 07, 2008 10:03 am)
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Replying to: ucjjg (Jul 07, 2008 9:14 am) |
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Replying to: kingpcgeek (Jul 07, 2008 10:34 am) |
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The short version: Can a dealer lock in the extended June (until 7/7) lease rates when I will not take delivery until 7/8. The longer version: I went into a dealer on 6/30 and negotiated what I consider to be a good deal. I figured it was the last day of the month & fiscal year and the dealer had the car I wanted on his lot. The dealer wanted me to pay about $350 more on the deal than I wanted, (which was due to having one more payment on my current '05 G35). I also found out that my first choice color combo of the car was already sold. I was willing to accept my second choice color combo (same equipment), that the dealer also had. The dealer agreed to terms with me, but he wanted $350 more than I wanted to pay, so I left the dealership. About a couple hours later, after talking to some co-workers, I changed my mind and called the dealer back and agreed to their numbers. Bear in mind this was still a very good deal, still below invoice. The salesman said great and he would call me back. When he called me back he said the second choice car was already sold. I was slightly miffed, and the salesman tried to get me in another car, same color combo, but with wood trim, which I did not like and it was more $. He also offered another car with the same equipment and my second choice exterior color, but a different interior color. Anyway, I was a little annoyed and said no thanks. On tuesday, 7/1, I learned from Dennis that the June rates had been extended. I called the salesman and he also agreed that the program was extended, lease cash and all, for another week. I then said, can you get me my first choice color combo car before the extended rates expired. He said he would see about availability at other dealerships and get back to me. On 7/2 we talked and he said he could get one exactly as I wanted from another dealership and they would still do the deal (even though no longer the last day of the month- I guess June sales figures big decrease for Infiniti had them wanting to move vehicles). I filled out the Infiniti credit app and faxed it back to him. I had already been preapproved due to my current IFS lease coming to an end, but they ran the credit to make everything kosher. He then advised that they had to send someone to a dealership to get the car, it would be available 7/3 or at the latest 7/7. (dealership closed for 7/4 holiday). No word from salesman. Today, 7/7 still no word. I went in and he said they would be getting the car tomorrow 7/8. I did not mind waiting, but I was concerned about the rates. Salesman told me that when they ran my credit app, that locked in my rates at the extended june early july rates. Obviously if the program is better for July 8, I may be a bit miffed, but I did get a good deal (not as good as the one I read on these boards yesterday for the same car, but better than most of what I have been reading). Can this be done? Can the rates be locked? Or will they just date the transaction 7/7? I am sure they have the VIN from the other dealership. Any thoughts. I will share my deal later, I do not want to jinx it. thanks gperr
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Replying to: gperr (Jul 07, 2008 4:34 pm) I took delivery today and all went smooth as ice with all paperwork being dated today, 7/8. So, I guess you can lock rates in. I was also told that the july rates would cost me about $30/month more for a lease due to no more lease cash and lower residual and higher money factor. I will post details of my deal in the "Prices Paid/Buying Experience Forum." gperr |
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Does anyone know the money factor and residual for the G35 Sport? I'm looking at 3 years, 12,000 miles a year.
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Here are the numbers my dealer gave me for a G35 AWD Lease. I told him I would have the top tier credit, and according to them (you guys tell me) they dont mark up the money factor Money Factor 24mo .00197 36mo .00217 39mo .00234 Residual (15k/yr) 24mo 68% 36mo 58% 39mo 57% For 12k and 10k/yr add 1 and 2% respectively to those numbers. Those numbers certainly are not as good as june, and with the loss of the 350 conquest cash, the leases are not as attractive (dangit!) 
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