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Prices Paid: Buying & Leasing Experiences Infiniti G37 Lease Questions
4732 messages, Last post on Dec 08, 2009 at 8:57 PM
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Replying to: ix007 (Aug 29, 2008 7:27 am) G
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Replying to: reddemon73 (Aug 29, 2008 7:33 am) However, Infiniti's have been great at retaining their value, and lease rates remained unchanged from July to August. I was in the same position as you, I decided to play it conservative and acquired a 2008 G35 Sedan on 8/21/2008, and still have my leased 2005 G35 6MT coupe at my disposal until 9/30/2008. Instead of leasing the 2008 sedan, I ended up purchasing b/c the 0.9% financing was tough to pass up. My response is probably of little help, but I chose to go conservative and not take a chance on the lease rates worsening. |
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Replying to: peekay1 (Aug 29, 2008 8:07 am) The 0.9% rate is really attractive. I'm trying to see if I finance the car, keep it for 39 months (lease term) and sell it back to see if I would come out ahead than leasing. Here are my figures: Selling price: $41, 220.00 MRSP $49960.00 39 months lease at $559.54 per month. Total at 39th month is $21821.88. Grand total including residual is $48797.88 (residual is $26979.00) Financing at 0.9%. Total price of car will be $44866.88 (tax included), $4000 down payment, $696.81 for 60 months, at the 39 months, balance of $14512.95. At 39 month, Total pay for lease: $559.54*39=$21822.06 Total pay for finance: $696.81*39=$27175.59+$4000=$31175.59 Do you think I can sell the G37 at 39months for at least $23,866.48???
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Replying to: reddemon73 (Aug 29, 2008 8:21 am) What option combo are you looking at? I was not able to come up with $49,960 in a G37 in any combination. Did the dealer add on some custom accessories? Intake? Exhaust? Springs? Also, it looks like you used a 54% residual value, which seems low to me unless this is for like 20k miles/year. Why put the $4k down? Put it in a CD, earn 3.5% on it.... Tough to say what the car will be worth in 39 months. In theory, the residual value should be used as a ballpark figure as what you can get for it assuming you stay under the mileage limits. It's difficult for me to evaluate strictly by the numbers whether to lease or not. For instance, if you buy the car, you can do whatever you want to it (i.e. modifications), drive as much as you want, not worry about turning it in after a certain period of time, etc. Additionally, it was more of a no-brainer for me b/c I live in Illinois and if I leased I would have to roll in the tax on the full price of the car, not just the depreciation like most states. Probably not the most helpful answer, sorry. PK1 |
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Replying to: gforce11 (Aug 29, 2008 7:39 am) |
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I have driven a civic since I was 16 (over 10 years now). In fact I have owned 3, a 94, 99, and 02 which I currently drive. After test driving the TL (handles awful), the sluggish A4 2.0, IS 250, and the G35 it really came down to the last two. The residual of the Infiniti, along with my Mom's FX35 ($500) gave me a larger incentive. Anyways I plan on leasing before the end of the month. Here is the best deal I have come up with so far at a local So. Cal dealership. Keep in mind my goal is keeping my car expense to roughly $5000/yr. I truly would like a premium package but haven't been able to find one for about 30k. MSRP - $33,065 Invoice - $30,300 Residual - 57% Money Factor - .00134 15k/yr $200 drive off ($500 Loyalty) Dealer Offer - $399 (+ 8.25% tax) Thoughts?? |
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MSRP - $37,465 Invoice - $34,457 Selling price - $34,063.27 (393.27 under invoice) Cap cost - $36,546 (includes tax on entire selling price of the car) Residual - 59% Money Factor - .00405 (i'm a tier 4) 12k/yr 1512.62 due at signing (includes 1st mo, title, bank fee, doc fee, ert fee) 599.62 a month Any thoughts? I will be signing by today, thanks. |
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Replying to: peekay1 (Aug 29, 2008 8:07 am) I signed and picked up the car this morning and I got to say the car is very nice. The process was very smooth (F&I Director didn't pressure me on any extras) and all the numbers were inline with expectations (they were off by about $.15 cents but this was due to a calculation error in their computer). So all in all this was a smooth and enjoyable experience. |
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I am about to pull a trigger on a new 08 G37 sport premium, splash guards, and kick plates lease. The capitalized cost is 37000 plus 895 dealer fee (including $500 rebate). I think this is a good deal, but the issue I have is with the residual that I have been quoted. I was told the residual would be 71% for 24 months at 10K miles per year. I was expecting 73% based on previous posts (70%=15K, 72%=12K, 73%=10K)on Aug Infiniti lease rates. The dealer told me that on 24 month leases the most they could up the residual was 1% regardless of mileage allowance. Does this sound right / strange to anyone? I hate the car business... It always seems so shady (I have already caught the dealer making 2 "mistakes" with MF and invoice cost) I appreciate your time and responses. Thanks Ryan |
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I thought I had a good deal on a g35 base until I went to this other dealership and found a better deal with premium. Although I still I ended up walking after they refused to budge on my offer of 32k flat. Here is the breakdown. BTW anyone know the money factor (Base) on a 39 month/12k? MSRP - $36,230 Invoice - ~$33,230 Residual - 56% Money Factor - .0018 Comes out to $388 with CA tax. They want $410 A difference of $22/mo times 39 = 858 we are arguing about. Do you guys think sales are down this week and they will budge beyond what they are asking? |
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