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Infiniti G37 Lease Questions

4695 messages,  Last post on Dec 02, 2009 at 9:21 AM

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


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#3380 of 4695
Infiniti G37 lease by jane20
Jul 20, 2008 (4:09 pm)
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Hi, I recently found this forum and its been very helpful. I've been shopping around for G37 but not getting a good deal..Here is the lease quote I've for G37 journey with prem, nav, performance tyres, (24months, 12k miles/ yr, 1k down):-
Cap Cost - $38,540 (approx $400 over invoice)
Residual 71%
Monthly comes to around $588 !!
 
Let me know if this is a good deal? I'm in south California btw..Thanks guys!
 
-Jane
#3381 of 4695
Signed Lease for G35 w/Premium Pkg this weekend by tyran910
Jul 21, 2008 (6:35 am)
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Just leased an 08 G35 Journey w/Premium Pkg with a few small options this past weekend. It was under the VPP Plan.
 
MSRP = $35,745.00
Sell Price = $31,445.40
Acquisition Fee = $595.00
Documentation Fee = $499.00
Down Payment= $0.00
Net Capitalized Cost= $32,539.40

State Sales Tax %= 6.0%
Residual %= 54.97%
Residual Value= $19,648.75
Money Factor= 0.00153
Actual Interest Rate= 3.672%
Lease Term= 39

Depreciation = $330.53
Interest = $79.85
Monthly Payment w/o Tax= $410.38
Monthly Sales Tax = $24.62
Monthly Payment w/ Tax= $435.00

Due At Signing
1st Month Payment $435.00
Registration Fee $40.00
GWRAI Fee (unknown) $3.00
Total Due At Signing $478.00
 
Did I get a good deal?
#3382 of 4695
Re: Infiniti G37 lease [jane20] by gforce11
Jul 21, 2008 (10:12 am)
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Replying to: jane20 (Jul 20, 2008 4:09 pm)

hi jane,
at first glance, it looks a bit high, specially in so cal. Specially if they are claiming $400 under invoice sale price. feel free to email me at g(at)ridewithg.com if you need help with the payment calculations.
G
#3383 of 4695
Re: Signed Lease for G35 w/Premium Pkg this weekend [tyran910] by gforce11
Jul 21, 2008 (10:16 am)
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Replying to: tyran910 (Jul 21, 2008 6:35 am)

Looks pretty good to me. Congrats!!!
#3384 of 4695
Re: Infiniti G37 lease [gforce11] by jane20
Jul 21, 2008 (2:07 pm)
Reply

Replying to: gforce11 (Jul 21, 2008 10:12 am)

thanks G, The Sell price of 38,540 looks fine to me..but monthly after tax etc soared to $588 (1k down, 24 months)..Am I missing something?
 
-Jane
#3385 of 4695
Re: Infiniti G37 lease [jane20] by gforce11
Jul 21, 2008 (2:49 pm)
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Replying to: jane20 (Jul 21, 2008 2:07 pm)

Jane,
Since I don't know your exact numbers, here is the 'scenerio' i think you are in:
 
MSRP $42,655.00
Sale: $38,540.00
MF: .0019
Residual: 72%
 
With the standard drive-off of 1st month + fees ($1500), you're looking at $457+tax
With a $1000 drive-off, the payments should jump $28 to $483 + tax.
 
Here are a few possible reasons why there's a big gap in my estimates and yours.
 
-you maybe getting quoted a higher MF due to your credit OR perhaps they are padding the MF to make extra money off you.
-the dealer may have high doc fees and is rolling it into your lease. In so cal most dealers charge $45, so if you getting charged more, you should point that out.
-additional fees? some dealers charge extra fees. I was once quoted an "advertising" fee by Ford...granted this is Ford, not Infiniti, but still, why should anyone have to pay for advertising...ridiculous.
 
This is my best guess. Hope it helps.
G
#3387 of 4695
help plz by drzflyest18
Jul 21, 2008 (2:59 pm)
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hi everybody im thinking about leasing a new g37s with option to buy this is my first major car deal im getting into and im a little bit nervous so i just need some help on this question..im getting the car with leased with a cosigner im only 20 yrs old but im going to school and have a job that pays well..im getting this car to commute from school to work and home only. am i to young to get into a lease deal at this age or if i can afford the car payments should i continue with the car lease what do you guys think..plz help guyz im looking at the g37s fully loaded.
#3388 of 4695
Re: help plz [drzflyest18] by kingpcgeek
Jul 21, 2008 (3:10 pm)
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Replying to: drzflyest18 (Jul 21, 2008 2:59 pm)

I think you are pretty young to take on what could be a $500 or more month lease payment. I am 45, make good money and I refuse to pay more then a $500 car payment.
 
Don't forget insurance well. The insurance on G's is very high, toss in the fact that it is a coupe, and that you are only 20 and you could be paying $250 a month in insurance, more if you have had any tickets or accidents. Even if you have never had a ticket, the temptation to speed will be much greater when you step on the peddle of a G.
 
You say you have a good job now, but what happens if that job goes south, or you have to cut hours because school is too rough?
#3389 of 4695
Re: help plz [kingpcgeek] by gforce11
Jul 21, 2008 (3:29 pm)
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Replying to: kingpcgeek (Jul 21, 2008 3:10 pm)

Yup. I agree with kingpcgeek on this one. Another thing is that the G37 doesn't actually save a lot on gas and it like to drink premium. (I'm getting like 17mpg city right now) So depending on how much you drive, it may not be a great idea. You could be looking at locking up nearly $900 a month just to drive around in a fully loaded G37.
More than likely you will need a cosigner for this, and even with perfect credit, you are guaranteed to pay at least $1500 inception and $500+ a month. If you lease from a state that requires taxes on the full amount of the car, add another $1000 or more to that bill.
If you find yourself out of a job down the road, you will find it VERY taxing to keep up with the payments and it will cost you thousands more to get the car off your hands.
-G

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