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Prices Paid: Buying & Leasing Experiences Infiniti G37 Lease Questions
4709 messages, Last post on Dec 05, 2009 at 3:58 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: lauraloo (Mar 17, 2009 7:04 pm) That being said, it sounds like you're getting $11,300 ($9000 loan payoff + $2300 cash) for your 2004 G35 coupe. Is that what the car is worth as a trade in? You need to confirm that first. Then after that you need to verify the numbers going into the lease of the 2008 G37 so you can figure out if you got a good deal or not. You basically need 6 numbers to calculate your own lease payment, the MSRP of the car, the negotiated price (i.e. cap cost), length of the lease, money factor, residual percentage (i.e. what the car is worth at the end of the lease) and the tax rate. You should already know the length of the lease and the tax rate where you live. You'll see people on here ask for the money factor and residual percentage for specific lease terms (i.e. 39 months 12K miles per year, etc) on this forum because sometimes dealers are reluctant to give you that information. The money factor (i.e. interest rate) is usually tied to the length of the lease and the residual percentage is tied to the mileage allowance (i.e. 10K or 12K or 15K miles per year). To determine the residual value at the end of the lease you multiply the MSRP by the residual percentage. The MSRP you can get from the window sticker or from Edmunds and the negotiated price is whatever you negotiate with the dealer. Then you can use the lease calculator on Edmunds or on other websites to calculate the lease payment. The lease calculator on Edmunds might want other numbers to do the calulation but none of them are needed to calculate the payment for a no money down lease except any loyalty cash that Infiniti gives you towards the lease that will be treated as a down payment (i.e. cap cost reduction). If you haven't read Edmunds article on "10 Steps to Leasing a New Car", you should definitely read it. Here's a link. http://www.edmunds.com/advice/leasing/articles/78385/article.html |
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Replying to: Car_man (Mar 16, 2009 1:39 am) How accurate is this. I would assume they have to honor this. Yes? Sean K
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Looking for feedback on these lease numbers that I got from dealer in March. Hope this might help those comparing prices as well. 2009 G37x w/ prem package MSRP = 39,725 Vehicle price = 36,648 Residual = 23,438 (59%) MF = .00209 Rent/Lease Charge = 4,617 Term = 36 mo at 10k /yr Monthly payment = 531 Due up front (fees, reg, tax, 1st payment) = 1091 All taxes included. $500 loyalty rebate appplied to cap cost reduction. Let me know what you all think. Worth going with for a lease? |
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Replying to: namesean (Mar 24, 2009 6:57 pm) |
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| Anybody have any idea about the current money factor for a 2008 G37 Journey coupe? I've gone back a few pages in the thread but am only seeing details about the 2009s. 10K & 12K miles | |
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Replying to: mtw76mtw (Mar 25, 2009 1:04 pm)
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Replying to: bluvision (Mar 25, 2009 8:37 pm) The reason why I was asking about the money factor is because if they won't negotiate on the sale price of the car any further, I was hoping maybe there's some wiggle room with the MF. The deal I'm being offered, by the way, is a 08 G37 Journey with Sport package. No navigation or premium, but it does include a sunroof, cargo net, auto lights, splash guards, rear spoiler, and trunk mat. Because they'd be bringing this car in from another dealership out of state, they're tacking on a $500 transportation fee. That brings their offer price to $37,798. He's said if I was buying rather than leasing, they could get that price down another $2500 or so, but he won't budge an inch on that price if I'm leasing. He's quoting me a MF of .00155 and Residual of 54% for a 12K/39m lease. Any advice/input would be helpful, as I'm trying to decide what to do within the next couple of days. |
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Replying to: mtw76mtw (Mar 26, 2009 4:37 am) That is correct. Been answered many times here.
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Replying to: kingpcgeek (Mar 26, 2009 5:10 am) |
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Replying to: kingpcgeek (Mar 26, 2009 5:10 am)
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