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Infiniti G37 Lease Questions

7599 messages,  Last post on May 22, 2013 at 4:51 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Infiniti G35, Infiniti G37, Car Leasing, Coupe, Sedan

Messages Page 86 of 760

#850 of 7599 Re: Looking for Feedback on this Deal [zmonet] by Car_man HOST

Dec 06, 2006 (5:29 am)

Replying to: zmonet (Dec 02, 2006 8:26 pm)
Hi zmonet. Dealers do not have the authority to alter banks' published residual values. Infiniti Financial Services' current 24 month, 15,000 mile per year residual value for a base 2006 G35 Coupe is currently 68%. The money factor that you were quoted is right in line with IFS' buy rate for this term.
 
The car that you described, an '06 G35 Coupe with Premium & Nav has a spread of around $3,300 between its full MSRP and dealer invoice price. You were quoted a $2,734 discount on it. This is probably right around $500 over invoice, which is pretty good.
 
Bottom line: the lease program that you were quoted is correct and the price that you were quoted isn't bad.
 
Car_man
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#851 of 7599 Re: Help Me Please!!!!!!!!!!!! [mr_g_35_s] by Car_man HOST

Dec 06, 2006 (5:31 am)

Replying to: mr_g_35_s (Dec 03, 2006 3:47 am)
Greetings mr_g_35_s. Don't sell yourself short, I am sure that you can figure out exactly how leasing works by checking out the following easy to understand articles that are available on the subject: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
I would be happy to share my thoughts on this deal with you, however you never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. Let me know what these numbers are and I'll tell you what I think.
 
Car_man
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#852 of 7599 Re: Help Me Please!!!!!!!!!!!! [sprinkler13] by Car_man HOST

Dec 06, 2006 (5:34 am)

Replying to: sprinkler13 (Dec 04, 2006 12:52 am)
Sprinkler13 is right. Consumers who make down payments on leased vehicles risk losing them if their vehicle is totaled in an accident or stolen and never recovered. If you have the money available, a better way to lower your vehicle's monthly payment would be to make multiple security deposits. Each additional security deposit that one makes on a lease through Infiniti Financial Services, up to a maximum of nine, lowers the money factor that is used to calculate the interest portion of one's monthly payment by .00010. The best thing about making additional security deposits is that you actually get that money back at the end of your lease, unlike a down payment which is just gone.
 
Car_man
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#853 of 7599 Re: Lease quote [mtroy] by Car_man HOST

Dec 06, 2006 (5:37 am)

Replying to: mtroy (Dec 04, 2006 3:10 pm)
Hi mtroy. The numbers that you were quoted for this car are pretty close to Infiniti Financial Services' current lease program for it, the actual numbers for a 48 month, 12,000 mile per year lease of an '07 G35 Sport are .00245 and 44%. They will be the same, regardless of what Infiniti dealer you go to, unless you find a dealer that attempts to make additional back-end profit off of your deal by marking your vehicle's money factor up. Fortunately, that is not the case here.
 
Car_man
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Prices Paid Forum

#854 of 7599 Re: Lease quote [saprissa] by Car_man HOST

Dec 06, 2006 (5:38 am)

Replying to: saprissa (Dec 04, 2006 6:08 pm)
Saprissa, while some banks' lease programs vary by region. Infiniti Financial Services usually publishes one national lease program for all of its vehicles.
 
Car_man
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Prices Paid Forum

#855 of 7599 Re: sec deposits [mftmrt] by sprinkler13

Dec 06, 2006 (10:49 am)

Replying to: mftmrt (Dec 05, 2006 11:46 pm)
Actually mftmrt...if you look at the numbers I think you would have to make closer to 20%. I was running the numbers and if you take say $1000 and put it into a bank account at 5% interest compounded monthly for 3 years, it would come out to $1161.47 in the end.
 
Now...if you could take that same $1000.00 and make 2 addl. security deposits and drop the money factor by .02% it calculates out to roughly $12/mo. less on your payment. So, if you take that $144/yr. savings and put it in an account at 5% compounded annually for the same 3 years, in the end it will be worth $643.36 PLUS you will get back $1000 in sec. deposits so your total is $1643.36.
 
Crazy huh? Now, I'm no finance guy, so if someone can show me if I'm making a mistake, please tell me, otherwise it seems like if you have money just sitting in a low interest cash account and not invested in anything and don't need the direct access to it, it is worthwhile to use to lower your car payment

#856 of 7599 Re: sec deposits [sprinkler13] by qbrozen

Dec 06, 2006 (11:15 am)

Replying to: sprinkler13 (Dec 06, 2006 10:49 am)
Its not even necessary to take it that far. Just knowing that, if I put $1k in the bank, I won't get anywhere near the $12/month you get in payment reduction is enough to convince me.
 
I'm not sure about that $12/month, though. Is that correct? Seems like an awful lot. At a reduction of .0002 MF, I'm only getting about $3.60 difference. Maybe I'm doing something wrong?

#857 of 7599 A Couple of questions for you Car_Man by sprinkler13

Dec 06, 2006 (11:20 am)

So, I've seen you say that IFS publishes a national number for their lease programs. My main question is that the absolute bottom number, or is it possible to try to negotiate the MF lower and residual higher? It just seems that compared to other cars in the same class IFS doesn't have as attractive financing numbers. I've seen BMW and Audi quotes at least .03% lower and much higher residual rates.
 
Second question...I see the Acquisition fee listed as $595...is that in addition to the $700 acquisition fee listed on the Edmunds TMV page for a 2007 G35 sport, or is that the same line item? Basically, can I remove that number when calculating the invoice price since it will be calculated in as part of my drive off?
 
Third question...is there a resource that has past years financial numbers posted anywhere. I'm just trying to research the exact numbers on my current lease and want to see where the dealer made their money. When I plug in the numbers on my lease term sheet everything works out, but since my end of lease buy out is $2k less than the residual amount listed on my paperwork, I'm wondering if the bank numbers were lower and the dealership just increased the MF to make a bit more profit. If that was the case, might I have some equity in the car since my buyout is less than the listed residual?
 
FYI - here are the specs on my current lease if it helps.
2003 G35 w/ Premium, Navi, Sport, full Aero body kit.
Cap - $36750
MSRP - $39600 (approx)
resid - $19818
cap reduction - $515
Acquisition fee - $595
License, Registration, and all doc fees - $380
Term 48 mos.
Monthly payment - $509.95
total drive off $2000.00 (1st mo., acq fee, registration, and doc fees)
 
Sorry for the long post. Just trying to get as agressive as I can with my upcomming lease. Thanks for all your help Car_Man

#858 of 7599 Re: sec deposits [qbrozen] by kyfdx HOST

Dec 06, 2006 (11:22 am)

Replying to: qbrozen (Dec 06, 2006 11:15 am)
.0002 X (cap cost + residual) = Savings
 
Assume $35K cap cost + $21K residual..
 
.0002 X $56,000 = $11.20

#859 of 7599 Re: sec deposits [qbrozen] by sprinkler13

Dec 06, 2006 (11:28 am)

Replying to: qbrozen (Dec 06, 2006 11:15 am)
If your calculator is working, you should see about a $6/mo decrease for every .0001 MF reduction...at least according to my numbers...And my spreadsheet should be accurate since I've been able to plug in my current lease numbers from 2003 and they matched. It's looking like on my next lease I'm going to "invest" in security deposits since they are doing better than some of my mutual funds...lol.

Messages Page 86 of 760

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