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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

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


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#3795 of 4684
Re: Leasing a 2007 G37 6MT [cyncyn129] by anh3
Nov 07, 2008 (10:40 pm)
Reply

Replying to: cyncyn129 (Nov 04, 2008 8:05 am)

I got a 08 G37S with Premium package for 604/month with 0.9% financing for 60 months (purchase not lease). All fees and charges included, no sale tax as I'll be paying it in my home state.
 
35440 + financing = 36,240 total
#3796 of 4684
Re: Lease deal on a G37s 6mt [wedwards] by anh3
Nov 07, 2008 (10:43 pm)
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Replying to: wedwards (Oct 28, 2008 5:19 pm)

I got a 08 G37S (manual) with premium package only. $604/month purchase
 
35,440 + .9% financing x 60 months = 36,240
#3797 of 4684
Re: nov #s [twodomes] by Car_man HOST
Nov 09, 2008 (3:25 pm)
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Replying to: twodomes (Nov 05, 2008 10:07 pm)

Hi twodomes. Infiniti Financial Services' November buy rate lease money factor and residual value for a 36 month lease of a 2008 Infiniti G37 Coupe Journey with 10,000 miles per year are .00182 and a surprisingly high 60%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#3798 of 4684
Re: G35X lease offer [gtz02] by Car_man HOST
Nov 09, 2008 (3:32 pm)
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Replying to: gtz02 (Nov 06, 2008 5:33 pm)

Hi gtz02. The money factor that you were quoted is basically in line with Infiniti Financial Services' current buy rate for this term and model.
 
That's good, so let's take a look at the selling price. A 2008 Infiniti G35 Sedan AWD with the Premium Package has a spread of around $3,100 between its full MSRP and its dealer invoice price. Add to this the $1,000 bonus cash incentive that Infiniti is providing on this model right now and there is a total of around $4,100 to play with. The $4,280 discount that you were quoted is probably very close to dealer invoice, which is an excellent deal.
 
If you like the car, I personally don't see any reason not to pull the trigger on this deal.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#3799 of 4684
Re: CarMan [comohombre] by Car_man HOST
Nov 09, 2008 (3:37 pm)
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Replying to: comohombre (Nov 07, 2008 8:45 am)

Hi comohombre. Kingpcgeek is correct. Individual dealers do not have the authority to alter banks' published residual values. I am 99% positive that Infiniti Financial Services' current residual value for a 36 month lease of a base 2008 G35 Sedan with 10,000 miles per year is the 55% that I mentioned earlier. Perhaps the car that you are interested in has either the Journey or Sport packages. Both of them knock a point off of this car's residual value. Or perhaps the dealer is just mistaken, but they can't profit from lowering your car's resid.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#3800 of 4684
Re: Texas Lease - 2008 G35 RWD [cadenhead] by Car_man HOST
Nov 09, 2008 (3:47 pm)
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Replying to: cadenhead (Nov 07, 2008 8:26 pm)

Hi cadenhead. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to getting into serious negotiations with any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
The interest rate that you were quoted for a 36 month lease of a 2008 Infiniti G35 Sedan Journey is right in line with Infiniti Financial Services' current .00062 buy rate for it (to convert money factors into approximate interest rates, multiply them by 2400).
 
Let's work up a sample lease payment on the car that you are interested in and see what we come up with. According to my calculations, if you were to lease a 2008 Infiniti G35 Sedan Journey that has an MSRP of $39,815 and a selling price of $35,821 ($500 over invoice minus the $500 bonus cash) through Infiniti Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $455.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#3801 of 4684
Re: Texas Lease - 2008 G35 RWD [Car_man] by cadenhead
Nov 09, 2008 (5:20 pm)
Reply

Replying to: Car_man (Nov 09, 2008 3:47 pm)

Car man,
 
Wow. I have not been able to get the local dealers anywhere close to $35,821 selling price for a lease. Best I've been quoted is $37,900. Best monthly payments I've been able to get to with no money down (save the first months payment and license fees) was $520.34/mo.!! That's a $65/mo. difference! And that was on a 42 month lease with 51% residual and 1.49% rate. There are a lot of G35's on the Houston lots but none of the salesman seem interested in closing a deal with me.
 
What redsidual % and MF did you use on the 36mo. lease? Thanks!
#3802 of 4684
Negotiating lease vs. buy by gjuggernaut
Nov 10, 2008 (8:06 am)
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Need a little insight from the experts! I've owned and leased, mostly owned. I've just started getting quotes on G35X with prem/nav, possibly to include sport. I am debating buy vs. lease, but am not sure why lease quotes and the associated cap costs are signficanly less attractive than "buy" quotes. I understand the additional $3000 incentive is supposedly only available on purchases, however, I don't understand why a lease vs. a buy looks different to a dealer? Isn't the net to them essentially the same so shouldn't I be able to negotiate the same buy price/cap cost regardless of which way I decide to go?
 
I must be missing something, but don't know what. Any help appreciateed!
#3803 of 4684
Re: Negotiating lease vs. buy [gjuggernaut] by kingpcgeek
Nov 10, 2008 (8:19 am)
Reply

Replying to: gjuggernaut (Nov 10, 2008 8:06 am)

Its not different to a dealer, they are are not financing the car, the manufacturer is financing the car. The manufacturer, the one providing the incentives, would much rather sell a car then lease a car. When they sell a car they have washed their hands of it, except for the warranty work of course. When they lease a car they have to take in back at the end of the lease and dispose of it. Many times, like nowadays they have to dispose of it at a loss at auction.
#3804 of 4684
Re: G35X lease offer [Car_man] by gtz02
Nov 10, 2008 (8:20 am)
Reply

Replying to: Car_man (Nov 09, 2008 3:32 pm)

Thanks. It helps to get an opinion from someone who knows what he's talking about.

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