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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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#4284 of 4684
Re: And the game begins.... [brewbock] by sam_k
Jun 04, 2009 (6:43 am)
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Replying to: brewbock (Jun 04, 2009 6:30 am)

The one with the higher residual must be from a bank, not IFS. Did you ask if they're both from IFS? Keep in mind that banks are must stricter about the condition of the car at the end of the lease than IFS. IFS just recently introduced a disposition fee at the end of the lease. They used to not have one and that was one of the benefits of leasing through IFS but now that's no longer the case.
 
The good thing about leasing through a bank is that the dealer can apply the $2000 marketing cash to the deal since they're actually selling the car to the bank who's leasing it to you. When you lease through IFS, you can't get the $2000 marketing cash, only the $1000 loyalty credit.
#4285 of 4684
Re: And the game begins.... [sam_k] by kingpcgeek
Jun 04, 2009 (7:33 am)
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Replying to: sam_k (Jun 04, 2009 6:43 am)

I think the one with the lower residual would be from a bank. Banks tend to set their residuals a little more realistically then the manufacturer. Thats the main reason the captive leasing in almost all cases is the better deal.
#4286 of 4684
Re: And the game begins.... [kingpcgeek] by sam_k
Jun 04, 2009 (8:02 am)
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Replying to: kingpcgeek (Jun 04, 2009 7:33 am)

If you're looking at a base or journey model G37 , then maybe I could see the residual being 60% from IFS but if it's a G37x then the residual of 57% sounds about right. I prefer to lease from the captive leasing companies like IFS because they're not super strict with the condition of the car at the end of the lease and also because they didn't used to have a disposition fee. Now that IFS has a disposition fee, in the future I might have to re-evaluate my preference because being able to apply the $2000 marketing cash when you lease from a bank might make a bank lease a better deal. The only problem is that every dealership will have it's own deals with banks so one dealer might give the best price but another dealer might have better leasing terms with a bank.
#4287 of 4684
Re: And the game begins.... [sam_k] by kingpcgeek
Jun 04, 2009 (8:19 am)
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Replying to: sam_k (Jun 04, 2009 8:02 am)

Remember too that IFS forgives $500 in damage and excess mileage if you lease another Infiniti when you return your car.
 
You can get your own lease financing as well, that way you don' t have to worry that the dealer is not working in your best interest when arranging the financing just to get a larger back end.
#4288 of 4684
Re: And the game begins.... [kingpcgeek] by sam_k
Jun 04, 2009 (11:47 am)
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Replying to: kingpcgeek (Jun 04, 2009 8:19 am)

Yes I know about the $500 damage waiver from IFS and I needed it when I turned in my leased Infiniti M45 Sport and leased the G37xS sedan. The lease return inspector charged me $140 per wheel for curb rash on all 4 wheels. 2 of them were bad but the other 2 weren't. I was really surprised they hit me for that stuff. The strange thing was they didn't charge me for a deep scrape on the corner of my rear bumper. That really surprised me.
#4289 of 4684
Re: And the game begins.... [sam_k] by kingpcgeek
Jun 04, 2009 (1:16 pm)
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Replying to: sam_k (Jun 04, 2009 11:47 am)

I think everyone, including me, that has posted the results of their turn-in inspection has been dinged for scratched wheels. It must be something that they tell the inspectors to key on.
#4290 of 4684
Re: End of the month deals? [sam_k] by richardnva
Jun 06, 2009 (4:29 am)
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Replying to: sam_k (Jun 02, 2009 9:44 am)

Sam,
I think it might be tough to compare our two deals since they are slightly different. First, they are different lengths 36 vs 39 mos. which affects both the money factor and the residual. As far as the G37xS, I couldn't find lease terms for the "S" version of the G37x. It looks like the Sport models have slightly higher residuals than the x, do you know what the money factor and residuals were for your deal? I was able to get the Infiniti published rate for the G37x sedan which was .00123 and a 57% residual. I thought the residual should have been 56% for 12,000 miles, but the dealer offered 57% and I didn't question it. I did include my first payment at signing as well as some other fees. I put a total of $1500 down including the first payment and all the fees, that equates to about $1200 for you based on the loyalty credit added to the $700 you put down. So similiar deals, but different. Thanks for responding.
#4291 of 4684
Re: End of the month deals? [richardnva] by sam_k
Jun 06, 2009 (5:14 am)
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Replying to: richardnva (Jun 06, 2009 4:29 am)

Richard,
 
You're welcome. I think you misunderstood me. The G37xS is just a G37x with a sports package option so the G37x leasing terms apply to it. I should have simply said G37x but I'm posting on the Infiniti G sedan forums on other websites so I'm used to writing G37xS. In April the 39 month money factor was .00185 and residual was 58% for 10K miles per year. 12k miles per year would have reduced the residual to 57%. My payment would have been about $10 more per month with the 57% residual.
 
When in comes to comparing 36 and 39 month leases, if you had taken the MSRP, cap cost, fees etc that were in your 36 month lease and recalculated your lease payment using 39 month May leasing terms (money factor and residual), you would have found that the lower payment would be on the 39 month lease. The salesperson should have told you that.
#4292 of 4684
Re: G37 Leasing [ric14] by Car_man HOST
Jun 11, 2009 (1:47 am)
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Replying to: ric14 (May 20, 2009 11:51 am)

Hi ric14. Infiniti has not officially announced its lease program on the G37 Convertible. I don't know exactly what it will be like when it is officially announced, but if I had to make an educated guess I would say that it won't be great. Manufacturers like to ride new models for as long as they can without any support. It is unlikely that Infiniti will provide lease support or loyalty cash on the G37 Convertible when it is launched.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#4293 of 4684
Re: May money factor and residuals [richardnva] by Car_man HOST
Jun 11, 2009 (1:51 am)
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Replying to: richardnva (May 25, 2009 10:56 am)

Hello richardnva. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2009 G37 Sedan with 12,000 miles per year are .00127 and 58%, respectively. The money factor for a lease with only 10,000 miles per year would be the same, but the residual value would be 1% higher.
 
The 36 month, 12k numbers for an '09 G37 Sedan AWD are .00123 and 57%. Again the 10k resid is 1% higher.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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