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Prices Paid: Buying & Leasing Experiences Infiniti G37 Lease Questions
4715 messages, Last post on Dec 06, 2009 at 2:10 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Mar 13, 2009 3:32 am) how about the MF and residual on a 09 G37X with Sport, Premium and Nav for 36 mos/10k per year. Thanks!
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Replying to: bluvision (Mar 10, 2009 10:43 am) You know, with that money down factored in you are paying $525/month for 39 months or 20K+ total for the life of the lease. That's a hell of a lot of money and not worth it imho. I've been reading this excellent forum for years now and every lease on every model, especially luxury models, is so confusing and so manipulative it just makes me want to scream, or get Congress to pass a law that dealers must show transparency when quoting leases. Right now it's a shell game and purposely confusing to the average buyer. If you are a dealer or a math genius and you think it's all easy, then why are there thousands of posts from confused consumers on every single lease forum regarding every single model?
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First off, thank you Car_man and everyone else on these boards that I have been following for years. I am currently leasing a 2006 G35X that is coming off lease at the end of April. For the past month I have been calling and emailing dealers about leasing a new G37X with nav and premium. They all seemed to be in the $550 range including tax for 39 months with just the bank fee upfront. I went today to Kings Infiniti in Brooklyn (the place was a ghost town) with my future mother-in-law who prides herself on her negotiating skills. The dealer gave me an initial offer of $579 and he would eat my final lease payment on my G35X. I was about to walk out and my future mother-in-law dragged me back to the table. Long story short…$515 a month including tax for the G37X with prem and nav and they will make my final lease payment. I am paying the usual upfront costs (bank fee, title, etc) but no cap cost reduction. I whish I could give you the details of my money factor, residual value and most importantly purchase price, but I was very bad and didn’t get those details. I have to pick the car up before the end of the month and have to pick one from dealers inventory.
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Replying to: nickr1 (Mar 14, 2009 3:51 pm) And that brings me to my second point which I've made over and over again on this board. Any leasing expert will tell you that you should NEVER put any money down on a lease (i.e. cap cost reduction), not even the taxes. Yes, it reduces your monthly payment but if your leased car is totalled or stolen the day after you get it, your insurance company will NOT pay you any of the money back. The leasing company owns the car not you, so your insurance company will pay off the balance owed on the car to the leasing company. If you bought the car, the check from the insurance company would be made out to you and you'd have to pay off any loan on the car and then you can keep the difference. If it bothers you that you're be paying interest on the taxes by putting them in the lease payment, then take the money you would have used to pay the taxes and put it in a money market account or CD and earn some interest back. I know it will probably be less than the interest you'll be paying on the taxes but it's better than nothing. The other advantage to putting no money down is that you will have access to that extra cash in case you ever need it. |
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Replying to: fireboy379 (Mar 14, 2009 7:18 pm) I'm in the Philadelphia area and I can attest that your deal is not being offered in this market area. What is the name of the dealer? It would be worth the drive up to Brooklyn to purchase a car with the deal you mention. Thanks!
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Replying to: picklof (Mar 15, 2009 9:45 am) |
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Replying to: fireboy379 (Mar 14, 2009 7:18 pm) That is great deal! How many miles per year? What was your total out of pocket/out the door cost including all? Would you share the name of the salesman? Thanks to all my questions in advance!!!
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Replying to: drjcool1 (Mar 15, 2009 1:29 pm) Total out of pocket was about $1,300 (bank fee, title, first payment etc...NO cap cost reduction). 39 months, 12,000 miles a year, but I had to take a car they had in stock. I am not picking up the car until the end of the month (that was my choice), and I am starting to wonder if this deal is too good to be true. But I did give them a $500 deposit and have a signed contract. |
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Replying to: lagsun (Mar 01, 2009 8:52 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: mtw76mtw (Mar 02, 2009 8:08 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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