Last post on Dec 14, 2013 at 6:26 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Infiniti G35, Infiniti G37, Car Leasing, Coupe, Sedan
#3956 of 8146 Buying a leased G35
Jan 03, 2009 (12:51 am)
I am thinking of buying a 2006 Infiniti G35 6MT that I am currently leasing. The 39-month lease matures in August 2009. The residual value at the end of the lease is about $20,270. The pay-off amount currently is about $22,780 (+ Tax & fees). NADA suggests the current wholesale value is about $20k, and the current retail value is about $22k.
Do you think I can negotiate the purchase price of my car, down from the current pay-off amount? How should I go about it?
I would appreciate any advice you have for me. Thanks!
#3957 of 8146 Re: Buying a leased G35 [knr5]
Jan 03, 2009 (7:44 am)
As the time comes closer to the leases end you may get a better price. I was caling about my Volvo for 2 months. They came down 2000. since I started. I think prices change again after Jan 5. Try calling then. It is worth a shot
#3958 of 8146 Re: Buying a leased G35 [tini43]
Jan 03, 2009 (10:52 am)
Thank you for your input. I will check again with IFS. I think IFS told me the current payoff amount is good until 1/11/2009. I think it was related to the due date for my next payment 1/12/2009.
I am thinking I might as well begin to pay down the outstanding towards ownership than pay for essentially renting the vehicle over the next 8 months. The difference in monthly payments [for a 60-month loan now vs my current lease] is less than $20. I have been very happy with my car - had this one for 31 months so far with zero issues. Did not have any problems with the 2003 G35 6MT either. Besides, it is difficult to find a better value among MT sport sedans. One way I am rationalizing my decision is -- for the price of an Accord EX, I have a well-maintained G35!
#3959 of 8146 2008 G37s Coupe 6MT
Jan 05, 2009 (7:09 pm)
Just got back from the dealer, after 3 hours of negotiating, this was the offer:
2008 G37 Sport Coupe 6MT + premium, wheel/tire insurance (worth $15/mo), spoiler, kick plates, splash guard, sunroof
Lease price: 38.7k (36.7k after $2k trade in)
39 months, 12k miles
dont remember the money factor & residual, but the monthly payment was $475 incl tax
First month payment to drive away
I feel like maybe I could gotten like 465, but I had to push a lot for the 475. I have a 745 beacon score by the way. Also, this is in South Florida, where there are several Infiniti dealers, including the worlds largest Infiniti dealer (where this price is from). Is this a good deal? What should the MF and residual be?
#3960 of 8146 Re: 2009 G37x coupe lease [goparaju]
Jan 05, 2009 (8:41 pm)
I just signed on a fully loaded 2009 G37 all wheel drive coupe, with premium and navigation from infiniti of Manhattan (NYC), detailes are below:
MSRP - $44,715
Miles - 15k per year
Term - 39 months
Monthly payments - $649
Down payment - $0 only DMV, plates & first month
Additionally, the dealer reduced my first month by $600 which was the last payment on my old infiniti lease which ends this week. The way i looked at it is that the refund of my last month decreases my motnhly payments by approxiamtely $15 per month ($600/15 months). As a second not I was way over the milage approximately 4k miles over which trnaslated to $800 but I did not pay anything as I was able to use the $1,000 deductible towards my excess milage.
Hopefully this helps and you have not signed as based on the above it appears that my deal is some what better than yours.
From what i see on these boards there are folks that have negotiated much better deal than I have, well actually I feel like i was ripped off now but I defenitely did not do my homework, so hopefully this helps you avoid my mistake.
P.S. Car Man I have already singed but you seem extremely knowledgable on the subject, so in your opinion did I really wind up severely overpaying?
#3961 of 8146 How does this sound for an 08 g35x?
Jan 06, 2009 (4:22 pm)
08 g35x with premium, nav & tech. MSRP 41,100 (per Edmunds), Invoice 37,552 (ditto)
Dealer offers to sell at 36600 or lease 39 mos/10k mile at $492 or 12k miles at $512 including NYS tax 0 down (1st month + DMV = driveoff). Haven't decided on buy v. lease. Does lease sound OK?
#3962 of 8146 Re: previous post
Jan 06, 2009 (4:24 pm)
I forgot. Purchase price is exclusive of sales tax.
#3963 of 8146 Re: How does this sound for an 08 g35x? [nycdude]
Jan 06, 2009 (4:43 pm)
Same car without nav & tech is $370 on infiniti website, dealer should be able to beat that too. So the premimum for nav & tech sounds a bit steep to me.
#3964 of 8146 Re: How does this sound for an 08 g35x? [dbitf]
Jan 06, 2009 (4:53 pm)
apples and cucumbers. The web site deal includes a $2650 cap cost reduction and does not include taxes, registration and doc fees.
#3965 of 8146 Re: How does this sound for an 08 g35x? [kingpcgeek]
Jan 06, 2009 (5:10 pm)
I tend to agree with you. I was just checking the website offer and it's 10k miles w/ the 2650 cap cost, and does not include sales tax. Although my arithmetic has always been weak, to me the deal I'm offered comes out to only about $18 more per month for the nav + tech ($700 over the lease term). I am still not sure if it's the "best" I could do, but I don't see the web deal as any better. I do appreciate whatever input I can get. These decisions can leave a person feeling inadequate to the task. Does anyone have any thoughts on the purchase price?