Last post on Dec 09, 2013 at 10:51 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Infiniti G35, Infiniti G37, Car Leasing, Coupe, Sedan
#7494 of 8142 Break even on Mileage
Mar 20, 2013 (5:48 am)
May I please ask one of you to check my math for the mileage break even point.
If the difference in monthly price between a 12k mile and 15k mile lease is $40 per month. On a 24 month lease that equates to a difference of $960. An extra 6k miles overage on a 12k mile lease will cost $1500. However, as long as the extra miles are below 3840 it will be a wash in terms of total out of pocket.
If one of you could be so kind as to confirm for me id really appreciate a sanity check.
#7495 of 8142 Re: Break even on Mileage [saml01]
Mar 20, 2013 (8:54 am)
Yes, that thinking is correct.
I like to have as many miles as possible as to not think so much about it. Don't want to be in a position obsessing over miles.
#7496 of 8142 Re: Break even on Mileage [jxlxr]
Mar 20, 2013 (10:49 am)
I also started thinking about inception fees. This isn't my first lease but is my first 24 month. The inception fees are the same for 24 or 36 months. In some ways while the residual is lower the inception fees can be prorated over a longer period.
I guess that's the price of convenience.
When you break it all down it provides an interested perspective.
#7497 of 8142 my latest negotiated option.....what are your thoughts Car man/kyfdx??
Mar 20, 2013 (11:01 am)
2013 G37x Premium Pkg/NO navigation
12,000 miles per year
MSRP - $ 42,245
Selling Price $38,470
Money factor .00040
Payment $406.85 tax included
last 3 payments taken care of
$1000 loyalty used
Break down of down Payment:
$406.85 First payment
$700 Bank fee
$49.00 Tax on bank fee
$150 Doc fee
$50 Bmv fee
$1.25 Tire tax
$70 Tax on $1000 loyalty money
$1,427.10 Total out of pocket
Good deal? Should I go for it?
Basically the same car I have now (2010), but without navigation & $125 per month less on the lease payment.
#7498 of 8142 Re: my latest negotiated option.....what are your thoughts Car man/kyfdx?? [jamella]
Mar 20, 2013 (11:05 am)
I think the salesperson reversed the sales price & the invoice price.
He said they were only making $1000 on the car.
#7499 of 8142 Re: my latest negotiated option.....what are your thoughts Car man/kyfdx?? [jamella]
Mar 20, 2013 (6:06 pm)
On a 42k car you should be looking at 5k off sticker not including loyalty money. You can do a 24 mo lease for mid 300s for that car.
#7500 of 8142 Re: Money factor and Residual [sidbahl]
Mar 25, 2013 (3:05 pm)
Here's the information that you're looking for sidbahl. Infiniti Financial Services' March buy rate lease money factor and residual value for a 36-month lease of a 2013 G37 Sedan AWD with 15,000 miles per year are .00033 and 58% for consumers who qualify for its top credit tier.
The residual value for a lease with 12,000 miles per year would be 1% higher.
Infiniti is currently providing a $2,000 cash incentive on leases of this car.
Prices Paid: Buying & Leasing Experiences Forum
Mar 25, 2013 (3:07 pm)
Hello rlev24890. Infiniti Financial Services' March buy rate lease money factor and residual value for a 24-month lease of a 2013 G37 Sedan AWD with 12,000 miles per year are .00027 and 69% for consumers who qualify for its top credit tier.
Prices Paid: Buying & Leasing Experiences Forum
#7502 of 8142 Negotiation Option
Mar 25, 2013 (5:06 pm)
I will be a first time lessee from the Seattle area and have been reading the forums lately to get an idea about leasing a 2013 G37x AWD. Went to the dealership today but had a hard time haggling the price down as much as some of you have Info on the lease:
- Premium package
- Illuminated kick plates
- Carpet trunk mat/cargo net
- Splash guards
- Wheel locks
Sale Price: $43,570. He's offering me the invoice price of the whole car (which also includes the $905 destination fee and $300 ad fee). He refused to give me the $1,000 lease cash incentive because he argued that he is only netting $850.
Gross cap cost: $44,420 including a $700 acquisition fee and $150 documentation fee
Due on delivery: $3,815.37
- $2,860 cap cost reduction
- $400.09 first month's payment
- $280.28 for 9.8% tax
- $275 licensing fee
Net cap cost: $41,560
Residual value (70%): $32,868.50
Money Factor: 0.00003
Hopefully I posted the correct figures. Is this a decent deal for 12,000 miles/yr and 24 month lease?
#7503 of 8142 Re: Negotiation Option [ramchop]
Mar 26, 2013 (4:19 am)
I'm assuming that at 46,900 cat it had navigation as well. You may have just missed that. I would say at minimum you should be at invoice minus the 2000 dealer cash. So approximately 5000 of sticker should be the minimum discount.
The residual and money factor is correct so just negotiating price is what you need to do. Tax rate is high so your payment may look high compared to others as well.
I'd shop around a little if you have access to other dealers.