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Prices Paid: Buying & Leasing Experiences Infiniti G37 Lease Questions
4731 messages, Last post on Dec 08, 2009 at 7:19 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Jan 15, 2007 3:47 am) I have one more question. sure I wait more time to see the quality on the new 2007 infiniti g35? my infiniti its excellent its been a super car to me and the deal was great. I lease my 2006 infiniti g35 msrp $36900 and change for $445.00 including taxes. for 24 months only and only $845.oo out of my pocket. so if I wait a little bit longer do you think I will get a chance to lease a 2007 sport with the auto transmition for the same deal, I have?(its about the same msrp. |
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Replying to: jtla (Jan 15, 2007 1:45 pm) Well know that I think about it the deal was originally for 39 months when I was quoted the MF and the residual so that may have changed. What happened is I was leaving when the manager pulled me into his office and made the $500 over invoice deal but for 42 months, do these numbers sound consistent with my previous figures or does it sound like they dabbled with the residual? Also won't pulling the $1000 down raise my payments even though I put that same $1000 down as a deposit and lower the MF?
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Replying to: bucanole (Jan 16, 2007 6:31 am) I have yet to verify, but based on other posts here, Infiniti Financing reduces the MF by .0001 for each additional SD. I did a quick calculation with approx. $34,000 cap cost and .0020 MF. The increase is roughly $15 per month without down pay. Over the life of lease, you would pay $630 ($15x42) more but receive $1,000 at lease end. Essentially, you make $370 interest on your $630 investment. that is approx. 26% annual rate, tax-free. Perhaps more importantly, should your car be stolen or totaled, you still get your deposit back, whereas down payment is gone forever once you drive the car off dealer's lot. See post #3913 and #3923 at below link. http://townhall-talk.edmunds.com/direct/view/.ef0b873/3907 |
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Replying to: fitzgibbons (Jan 15, 2007 8:52 am) Here are the final numbers on the deal I was quoted for 2007 G35 Journey- premium package, tint, wood trim, satellite radio, splash: I received a quote with the following numbers in Las Vegas: 36 month lease 15,000 miles/year 0 down $563 (includes tax of %7.75) $19,902.40 Residual Thank you. The agreed upon value for the car is $33,938 and the gross cap cost for my lease is $35,155.98. I was told that the MF was %.00196 and that the residual was 56%. Thank you for your opinion regarding this deal ASAP as I am supposed to sign on the deal today. Eric |
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Replying to: fitzgibbons (Jan 17, 2007 9:25 am) MSRP 36900 Gross Cap 35791 (was originally told would get car at $500 over invoice or $34250, but $599 Aquistn fee and 595 bank fee brought up the number) Cap reduction $1000 Adjusted cap 34791 Residual: 19899 or approx 54% MF; .0024 Term :42 Tax- Florida 7% current quoted payment $530.69 I think they have some numbers slightly off because I ran the numbers on the lease calculator linked below and came up with $519... http://www.leaseguide.com/calc.htm
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Replying to: fitzgibbons (Jan 17, 2007 9:25 am)
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2007 Infiniti G35 2dr Coupe / Instantly Compare Lease Payments HERE (1) 24 mo/15k mi – Residual Value 70% of MSRP – .00214 Money Factor Buy Rate 36 mo/15k mi – Residual Value 60% of MSRP – .00212 Money Factor Buy Rate 48 mo/15k mi – Residual Value 47% of MSRP – .00240 Money Factor Buy Rate 60 mo/15k mi – Residual Value 37% of MSRP – .00253 Money Factor Buy Rate 24 mo/12k mi – Residual Value 71% of MSRP – .00214 Money Factor Buy Rate 36 mo/12k mi – Residual Value 61% of MSRP – .00212 Money Factor Buy Rate 48 mo/12k mi – Residual Value 48% of MSRP – .00240 Money Factor Buy Rate 60 mo/12k mi – Residual Value 39% of MSRP – .00253 Money Factor Buy Rate 2007 Infiniti G35 4dr Sedan / Instantly Compare Lease Payments HERE (1) 24 mo/15k mi – Residual Value 68% of MSRP – .00186 Money Factor Buy Rate 36 mo/15k mi – Residual Value 57% of MSRP – .00196 Money Factor Buy Rate 48 mo/15k mi – Residual Value 46% of MSRP – .00238 Money Factor Buy Rate 60 mo/15k mi – Residual Value 38% of MSRP – .00259 Money Factor Buy Rate 24 mo/12k mi – Residual Value 69% of MSRP – .00186 Money Factor Buy Rate 36 mo/12k mi – Residual Value 58% of MSRP – .00196 Money Factor Buy Rate 48 mo/12k mi – Residual Value 47% of MSRP – .00238 Money Factor Buy Rate 60 mo/12k mi – Residual Value 40% of MSRP – .00259 Money Factor Buy Rate 2007 Infiniti G35 4dr Sedan Sport / Instantly Compare Lease Payments HERE (1) 24 mo/15k mi – Residual Value 66% of MSRP – .00216 Money Factor Buy Rate 36 mo/15k mi – Residual Value 56% of MSRP – .00193 Money Factor Buy Rate 48 mo/15k mi – Residual Value 43% of MSRP – .00245 Money Factor Buy Rate 60 mo/15k mi – Residual Value 36% of MSRP – .00257 Money Factor Buy Rate 24 mo/12k mi – Residual Value 67% of MSRP – .00216 Money Factor Buy Rate 36 mo/12k mi – Residual Value 57% of MSRP – .00193 Money Factor Buy Rate 48 mo/12k mi – Residual Value 44% of MSRP – .00245 Money Factor Buy Rate 60 mo/12k mi – Residual Value 38% of MSRP – .00257 Money Factor Buy Rate 2007 Infiniti G35 4dr Sedan X / Instantly Compare Lease Payments HERE (1) 24 mo/15k mi – Residual Value 68% of MSRP – .00197 Money Factor Buy Rate 36 mo/15k mi – Residual Value 57% of MSRP – .00211 Money Factor Buy Rate 48 mo/15k mi – Residual Value 44% of MSRP – .00239 Money Factor Buy Rate 60 mo/15k mi – Residual Value 38% of MSRP – .00259 Money Factor Buy Rate 24 mo/12k mi – Residual Value 69% of MSRP – .00197 Money Factor Buy Rate 36 mo/12k mi – Residual Value 58% of MSRP – .00211 Money Factor Buy Rate 48 mo/12k mi – Residual Value 45% of MSRP – .00239 Money Factor Buy Rate 60 mo/12k mi – Residual Value 40% of MSRP – .00259 Money Factor Buy Rate Use the following formula to calculate a lease payment: (Capitalized Cost – Residual Value) / Term = Monthly Depreciation (Capitalized Cost + Residual Value) X Money Factor = Monthly Interest Monthly Depreciation + Monthly Interest = Base Monthly Payment |
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Replying to: bucanole (Jan 17, 2007 10:47 am) I plugged your numbers into my list with 500 over invoice which is actually 34388 (including dest. fee of 700). I then added in the acq. fee of 595 and your 1k cap reduction payment. With the residual and MF you quoted and their monthly payment, it means that there is about 1215 bucks OVER the supposedly 500 over invoice price. You should get an exact breakdown of each fee and dealer add on that is in there. I still don't think they should be charging you that extra 600 dollar bank fee. I think they are just adding the fee so you think you are getting it for 500 over invoice when in reality it's more like 1k over...which isn't bad, but they should call it exactly what it is. Here is what your lease could look like if you were to say pay your acq. fee and doc fees up front. Again, this is assuming the same fees as in CA and FL might be different..you have to ask for the specifics. At 500 over invoice (34388.00), 54% residual, .0024 MF and 42 months, and paying the acq. fee, doc fee, registration, AND 1st month payment up front (approx 1500), I get a payment of 508.00/ month. Anyway, I hope that helps a bit. If you get the exact breakdown of fees it will make it easier to get exact numbers for you. My spreadsheet is dead on as I just completed my lease and my numbers matched theirs exactly when I had the right figures to plug in. Good luck!!
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Replying to: sprinkler13 (Jan 17, 2007 11:07 am) Could you please comment on my deal with my new information? Also, from where did you get the information that you listed regarding the Money Factor and Residual. I would love to be able to refer to the source during my negotiating. Thank you again for your time and extremely helpful information. I truly appreciate it. Eric
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Replying to: fitzgibbons (Jan 17, 2007 12:22 pm) They can argue all they want, but if they say they are giving you the true IFS buy rate with no mark up than the numbers I listed are acurate. Also, the 600 bucks of fluff is just that. It seems that all dealers have about 200.00 in add ons whether it's for a VTR fee like window etching or for wheel locks, etc. You probably won't get that down. As for the doc fee, I know in CA it's regulated to 45 bucks, but when I talked to someone in Nevada they aren't regulated and were charging 399 for it. However, when I pushed them, they couldn't drop the doc fee, miraculously were able to drop the actual price of the car by 350 bucks....go figure 
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