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Prices Paid: Buying & Leasing Experiences Infiniti G37 Lease Questions
4684 messages, Last post on Nov 28, 2009 at 3:02 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: gforce11 (Jul 14, 2008 8:24 am) 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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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! ----- 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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Replying to: mitchelllll (Jul 14, 2008 10:06 am) 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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Replying to: dwynne (Jul 14, 2008 9:32 am) 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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Replying to: dwynne (Jul 14, 2008 9:34 am)
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Replying to: kingpcgeek (Jul 14, 2008 8:41 am) |
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Replying to: kingpcgeek (Jul 14, 2008 12:24 pm) Big difference, since any dealer can make such an offer and just make sure to over charge you enough on the new deal to make up the difference. Or they just shrug when IFS bills you for the issues after you have already signed the new deal. If it is from IFS, then I would assume it is legit. It could also be they always do this without a "coupon" or this could just be a "we are desperate" one time deal - I don't know. Coupled with the turn in "fee" this would be a good way to keep folks in the IFS fold since turning in a less than perfect car and NOT leasing a new one from IFS could cost you $850 more. Always get a pre lease turn in inspection done so you get an itemized report (with prices) of what they might hit you with at lease end. Then you can decide if you want to fix items yourself or seek "forgiveness" or just pay them to fix it. AHFC (Honda) is head and shoulders over these other lease banks, by the way. They offer $500 per item forgiveness and up to $1,500 per vehicle forgiveness and no turn in fees. It does not matter if you lease another Honda or not, but with that kind of attitude it is hard NOT to get another Honda . Dennis |
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Replying to: gforce11 (Jul 14, 2008 12:46 pm) . They had really cheap lease deals on 08 Honda Pilots, for example, then pulled them in favor or finance / cash only deals once the 09 Pilot was set to launch. They have had cheap S2000 lease deals too, but pulled them for July (and they may not return, but who knows). Any time sales are slow enough any captive bank can pull out a cheap lease deal to move cars, but they get 99% of them back at the end of the term. So at some point in the model year they may try to convince the customer it is much better to buy the car than to lease it. Generally when the new model cars arrive there are no deals - partly because of the left over prior year cars and partly because of all those "got to be the first one with the new model" folks that come in a buy. Once those folks have theirs and the prior model cars are off the lots, then they can start dealing on the new year cars. For a 3rd party bank lease, the residual is highest at the start of the new model year and drops through out that year. The MF is tied to the lessee's credit rating and the cost of money. So if the MF was constant as was your price, then September is probably the cheapest time for a 3rd party lease. Captive lease banks don't follow any such logic - they set residuals artificially high and rates way low when they want to move cars - and can do it whenever it suits them. There were left over Infiniti Ms going for 0.00001 or something MF a couple of years ago. Dennis
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Replying to: dwynne (Jul 14, 2008 1:11 pm) It was IFS. They sent one at the 6 month mark, and then one again at the 3 month mark. There were left over Infiniti Ms going for 0.00001 or something MF a couple of years ago. EX35's are going for .00001 for 24 months and .00002 for 36 months through 9/2 |
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Replying to: dwynne (Jul 14, 2008 10:52 am) Any insight on the deal itself? From what I've read and *assuming there are no surprises- this seems to be OK. Thanks again, Mitch |
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