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Infiniti G35 G37 Lease Questions

4334 messages,  Last post on Jul 04, 2009 at 1:03 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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#3797 of 4334
Re: nov #s [twodomes] by Car_man HOST
Nov 09, 2008 (4:25 pm)
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Replying to: twodomes (Nov 05, 2008 11:07 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 4334
Re: G35X lease offer [gtz02] by Car_man HOST
Nov 09, 2008 (4:32 pm)
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Replying to: gtz02 (Nov 06, 2008 6:33 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 4334
Re: CarMan [comohombre] by Car_man HOST
Nov 09, 2008 (4:37 pm)
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Replying to: comohombre (Nov 07, 2008 9:45 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 4334
Re: Texas Lease - 2008 G35 RWD [cadenhead] by Car_man HOST
Nov 09, 2008 (4:47 pm)
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Replying to: cadenhead (Nov 07, 2008 9:26 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 4334
Re: Texas Lease - 2008 G35 RWD [Car_man] by cadenhead
Nov 09, 2008 (6:20 pm)
Reply

Replying to: Car_man (Nov 09, 2008 4:47 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 4334
Negotiating lease vs. buy by gjuggernaut
Nov 10, 2008 (9:06 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 4334
Re: Negotiating lease vs. buy [gjuggernaut] by kingpcgeek
Nov 10, 2008 (9:19 am)
Reply

Replying to: gjuggernaut (Nov 10, 2008 9:06 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 4334
Re: G35X lease offer [Car_man] by gtz02
Nov 10, 2008 (9:20 am)
Reply

Replying to: Car_man (Nov 09, 2008 4:32 pm)

Thanks. It helps to get an opinion from someone who knows what he's talking about.
#3805 of 4334
Re: Texas Lease - 2008 G35 RWD [Car_man] by cadenhead
Nov 10, 2008 (10:48 am)
Reply

Replying to: Car_man (Nov 09, 2008 4:47 pm)

Thank you for the information. Is the MF and Residual % for Infiniti Financial Services publicly available data? If so, can you please direct me to the site? After reading the posts on this forum, it seems the MF and Resid % change with differences in length of lease term and packages selected (i.e. Premium, Sport, and Nav packages). Is there a table out there that provides this data?
 
Also, I am attempting to lease with zero down save for the first months's payment. I suppose I need to add the bank fee of $595 to the cap cost when calculating. I am trying to reconcile to your $455/mo payments and can't come close.
 
Thanks again for your help.
#3806 of 4334
Ordering an '09 G Sedan by live2drive
Nov 10, 2008 (12:15 pm)
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Hi everyone,
 
I've been following this forum for the last two years, since the '07 G35 was first announced. The lease on my current vehicle ends in February, and I am planning to visit the local Infiniti dealership before the end of this month in order to negotiate a deal on a special-order '09 G37S Sedan 6MT. None of the dealers in the Northeast stock manuals (or even RWD Journey's, for that matter), and after waiting for so long I intend to order the car exactly the way I want.
 
While I'm very comfortable negotiating the actual price and lease of the G (thanks to this forum), I've never ordered a car before, and I don't fully understand how the delay between ordering and delivery affects the deal. Specifically,
 
-My understanding is that the lease payment itself will be dependent on the lease rates at the time of delivery. However, how about current incentives? Since I'm making the deal this month and will put a deposit on the car, does the current $1000 dealer cash factor into the negotiation? Or will I need to re-negotiate the final price based on the current incentives in February or March when the car arrives?
 
-I intend to order a G37S 6MT + Prem + Guards, MSRP $37,715. I plan to offer $35,000, or about $250 over invoice. Considering that this is a car that will be delivered and funded as soon as it arrives, and which the dealer will receive a 2% floorplan allowance for even though it won't be part of his inventory, this seems to me to be a fair price for a special order. Any thoughts?
 
Thanks for your help, I'll post the details of my deal as soon as It's done.

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