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Prices Paid: Buying & Leasing Experiences Infiniti G37 Lease Questions
4718 messages, Last post on Dec 07, 2009 at 8:28 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Need a little help here... This is the deal that I was offered... I think it is still pretty reasonable but I can't get the numbers to add up when I put it through the lease calculator. G37X Coupe (AWD with Premium and Nav) MSRP = 44,765 INVOICE = 41,114 PURCHASE PRICE = 39,448 MILEAGE = 15K PER YEAR TERM - 36 MONTHS RESIDUAL = 61% MF = .00207 TAX = 8.75% CAP COST REDUCTION = NONE (SIGN AND DRIVE + DMV ONLY) The lease payment I calculate based upon these numbers is 475.40 + 41.60 (tax) = $517 per month. The dealer is telling me my monthly payment is 568 per month. That is a 51 dollar difference?? Am I doing something wrong in my calculations or is the dealer not being upfront with me? If someone could offer some assistance it would be greatly appreciated! Thank you!
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Replying to: g37hopefully (Oct 06, 2009 6:56 pm) 2 things to add to your calculation that will increase the monthly payment 1) Need to include Acquisition Fee of $595 into the Cap Cost. Including the $595 increases your monthly from $475 to 493. 2) If dealer is providing any rebates or any other reduction to the cap cost you must apply your tax rate to that "cash". |
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Replying to: g37hopefully (Oct 06, 2009 6:56 pm) I hear what you are saying about the dealer coming up with a payment number way off ($30 or more) compared to running the numbers through the lease calculator myself. The dealer I'm currently dealing with came up with a decent price, not great, but a reasonable starting price along with the right residual and MF rates, I figured the payment out to 515. He tells me its 560. So i send the numbers back to him in a lease formula asking if I did something wrong. He said I forgot to factor in the 595 aquisition fee. $45 differnce on a 39 month lease to cover $595 is BS!!! Stand your ground and be prepared to walk. I'm at my wits end dealing with their games. I'm giving this guy one last chance to make it right and I'm out. Don't make any deision until you have all the info and YOU are comfortable with the deal. |
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'09 G37 Sedan Journey Premium Package/Performance Tire & Wheel Package $386.98 / 39 months / 10,000k miles MF: 0.00130 Residual: 55% Cap cost reduction: $3,000 (includes $1,000 loyalty) What do you folks think about this deal? Looks like it's a lot similar to the deal I got for my '08, including same exact options minus the 0.2 liters, which is approximately $20 or so less. |
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Replying to: chino401 (Oct 06, 2009 11:38 am) 36 month 12k: 57% and .00123 Tier 0 & Tier 1 39 mohnth 12k: 56% and .00141 Tier 0 & Tier 1 |
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Car Man, Can you provide me the money factor and residual value for the G37 Sedan Journey for 36 months and 12K miles per year? Thanks!
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Replying to: jz1973 (Oct 05, 2009 3:00 pm)
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Replying to: emanuele1 (Oct 09, 2009 11:24 am) Can you provide more details? Negotiation tactics, dealership, purchase price vs. MSRP? |
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Is this possible? G37x Coupe Prem. MSRP: $42,625 Selling Price: $38,961 $1200 down (bank fee and such) 12k miles a year $486.00 per month 39 months tax included. I am not sure its a legit deal and I don't want to drive almost 2 hours to pick up if its fake. |
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Replying to: g37hopefully (Oct 06, 2009 6:56 pm) Double-check your residual, 61% sounds too high for this model. |
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