- #3328 of 4707
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Re: July rates for g35/g37 [gforce11]
by shinng
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Jul 11, 2008 (8:23 pm)
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Replying to: gforce11 (Jul 10, 2008 9:02 am)
So in general, it looks like June was the best out of the year so far. Obviously no can tell what the future will bring, but based on recent years are the months for August and September generally better than July or up to par with June? My lease is up mid-September and not sure if I should start negotiating come August or wait until closer to my lease end date in September.
Also, by September, I'm assuming the new 2009 models will be out so would it not be cheaper to lease a 2009 model with a guaranteed higher residual?
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- #3329 of 4707
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Re: July rates for g35/g37 [shinng]
by gforce11
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Jul 14, 2008 (8:24 am)
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Replying to: shinng (Jul 11, 2008 8:23 pm)
It is possible that leasing an 09 could end up being cheaper come September due to the higher residual, but there is no way to tell what the MF will be. I think this year is hard to predict because of how the auto industry is doing. It's worth a risk if you think you can live with the fact that the rates may not be better in a few months. The July numbers aren't as good as June, but they aren't astronomically outrageous. You're probably looking at maybe another $20 or so more per month.
I personally pulled the trigger in May (even though my previous lease was through August) because I was afraid the rates would go up, not to mention getting nailed with a turn-in fee, wear and tear and exterior damage on my previous car. I took a chance, and it looks like I made the right call on that one.
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- #3330 of 4707
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Re: July rates for g35/g37 [gforce11]
by kingpcgeek
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Jul 14, 2008 (8:41 am)
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Replying to: gforce11 (Jul 14, 2008 8:24 am)
Was you previous car an Infiniti? I am wondering how the turn in process will go on my G. Its in real good shape except for 3 tiny dings, and it is way below mileage. One of the reasons I was thinking about leasing another G was hoping they would not nitpick it I was getting another Infiniti.
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- #3331 of 4707
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Re: July rates for g35/g37 [kingpcgeek]
by dwynne
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Jul 14, 2008 (9:32 am)
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Replying to: kingpcgeek (Jul 14, 2008 8:41 am)
Leasing another car should have nothing to do with your turn in - that is normally not handled (inspected) by dealership personnel. If your current G is low miles as you say, you might talk the dealer into buying off the lease (now or at the end) if it is worth it. If they buy it, then no inspection worries at all. If you just turn it in, then depending on what is allowed and forgiven on your lease you may have to pay.
Dennis
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- #3332 of 4707
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Re: July rates for g35/g37 [gforce11]
by dwynne
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Jul 14, 2008 (9:34 am)
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Replying to: gforce11 (Jul 14, 2008 8:24 am)
I have not updated my chart / spreadsheet in a couple of months, but last Sept and October were the WORST times to lease a G in a year or more.
Does that mean this fall will be bad? Who knows, but last year at that times was not the time to lease.
Dennis
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- #3333 of 4707
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Is is customary for dealer to take credit card deposit?
by mitchelllll
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Jul 14, 2008 (10:06 am)
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Dennis and everyone--
I'm posting final numbers below for a deal we think is about $150.-$350. over what we should be paying. I've posted these numbers beofre but these seem to be somewhat final. can u tell me what you think of these numbers?
** Also, dealer wants 1K credit card deposit to find the car. Swears he can get it. We want wheat interior with wood trim package. I also want low (10) miles to make sure it hasn't been test driven.
Is it customary for the dealer to take a deposit? If so, can I request in writing, that he'll find the car I'm looking for or I get my money back? Do you know how this works? I'm afraid of getting into a situation where he comes back and says he couldn't find the exact car and then I'm stuck. We're open to the outside color.
Txs for any insights!
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lease deal for G35x (AWD) w/Prem and wood trim pkge ($450.):
MSRP 37,775 (incl cargo net, splash guards)
Invoice $34,604
Sale $35,244 (incl $595. Aquisition fee, $715. Destination fee, $99. Doc fee, $350. Customer loyalty)
MF .00150 (36 months)
Residual 60%- 36 months
Cash upfront needed:
Fees: license: $154., title: $50.
Taxes: $2067. (6%)
------------
$2,271
+ $460.21 (1st pymt)
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- #3334 of 4707
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Re: Is is customary for dealer to take credit card deposit? [mitchelllll]
by dwynne
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Jul 14, 2008 (10:52 am)
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Replying to: mitchelllll (Jul 14, 2008 10:06 am)
That is normal and is normally a 100% refundable - except - if the dealer has to haul your car in and then you don't take it. Then they would keep the hauling expenses and refund the rest.
I don't know if they can do anything about the miles on the car, every dealer does PDI on it when they get it off the truck and that can add 5-10 miles to them. If they haul one in from another dealer then YOUR dealer will do another PDI on it to make sure it is "right" before selling/leasing it to you - so another 5-10 miles on it.
I have put deposits to hold cars many times and never had a problem, but I try to deal with dealers I trust  .
Dennis
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- #3335 of 4707
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Re: July rates for g35/g37 [dwynne]
by kingpcgeek
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Jul 14, 2008 (12:24 pm)
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Replying to: dwynne (Jul 14, 2008 9:32 am)
Leasing another car should have nothing to do with your turn in
Not true since Infiniti has sent me a $500 coupon for wear and tear on my current car if I lease another Infiniti.
My car is over $2000 upside down so no one is going to jump at buying it.
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- #3336 of 4707
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Re: July rates for g35/g37 [dwynne]
by gforce11
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Jul 14, 2008 (12:46 pm)
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Replying to: dwynne (Jul 14, 2008 9:34 am)
I think you right about that Dennis. I think leasing tends to be better in the 1st half of the year. Buying seems to be better towards the 2nd half.
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- #3337 of 4707
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Re: July rates for g35/g37 [kingpcgeek]
by gforce11
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Jul 14, 2008 (12:55 pm)
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Replying to: kingpcgeek (Jul 14, 2008 8:41 am)
Actually it wasn't. It was a Mazda3 leased through a 3rd party bank. A very bad lease if I do say so myself. Which is rather shameful, but that was 4 years ago, I lived and I learned...expensive lesson for sure. I didn't turn that one in though, I simply traded it in. The car was in bad shame, damages here and there, loads of scratches. If you read the back of the contract, you may find information regarding the condition of your turn-in. In my case, any scratches over 2" long would count against me. Any broken, deep scrapes, dents, worn out tires, etc...Since I had all of the above, and then some, I opted to "sell" it to the dealer. I was about 3000 miles under my monthly allowance, so it helped lessen the financial hit. My buyout was about $7200 and the dealer offered $6000. Had the car not been in an accident previously, the dealer's offer would have been $8000. Which would have given me some equity on a lease. I think that was what Dennis was referring to when he said to trade it in if there are some "exterior damages" you are concerned with. For me, returning the car could have cost me $375 disposition plus any damages, which I know would have easily exceeded $1000. So in my situation, trading it in was the better option.
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